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Tax Liens & Mortgage Notes

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Nik Krohn
  • Investor
  • Woodland Hills, UT
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2nd NPN (Non Performing Note) Successes

Nik Krohn
  • Investor
  • Woodland Hills, UT
Posted Jun 16 2016, 16:01

I would love to hear from other investors that have purchased 2nd non performing notes. What percentage of these notes end up with a loan modification? This seems to be the best strategy out the gate. There are several other strategies as mentioned on this blog post:

https://www.biggerpockets.com/blogs/5359/39294-not...

One of the most recent podcast episodes mentioned by the guest that he purchased a 2nd NPN for .10 on the dollar for $4000 (40k debt) and then modified the loan. He got $4k down and $300/mo.

How often is this possible? 

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