Reasons NOT to Buy a Performing Note

[Les Goss]

I just posted a blog showing three reasons I've passed on buying a performing note. Instead of clogging up the forum I'll just leave a link for those who might be interested.

https://www.biggerpockets.com/blogs/7697/48647-reasons-not-to-buy-a-performing-note

[Bob Malecki]

Originally posted by @Les Goss:

I just posted a blog showing three reasons I've passed on buying a performing note. Instead of clogging up the forum I'll just leave a link for those who might be interested.

https://www.biggerpockets.com/blogs/7697/48647-reasons-not-to-buy-a-performing-note

 Hi Les, good writeup on using Trulia's "heat map" for crimes! Although, as I stipulate, "someone's got to live there" and so it's not only the investor's appetite for risk but also the borrower's perspective on what is good. Some people think that owning a home is ok even though there is high crime and a lot of external noise from local transportation. We tend to view investments through the lense of what we would live in rather than what another person finds valuable.....