Learning note investing by investing in notes
Afternoon all,
I listened to the Bigger Pockets Podcast with @Bob Malecki last week, and it's like a bunch of connections that have been waiting to be made, finally went off in my brain.
I have been looking to get into more active investing of passive income assets for a while (My general BP Introduction is here).
In the past 4-5 days I've read
- @Dave Van Horn 's Intro Ebook
- Paper Profits
- Note Investing Made Easier
- Performance Anxiety
And I'm not sure I've ever read material that made so much sense, but the missing pieces now, are the moving parts, the doing.
So my question would be, what is the next actionable step I need to take, to start learning by doing?
Taking in what I do know in my limited knowledge, one route might be to buy a performing junior lien off of FCI Exchange in order to actually get some paper in my possession.
That way I can see how to service a loan, and what a collateral file looks like, with less risk, before more analyzing non-performing notes, or networking for more note opportunities.
All advice is greatly appreciated and will be taken.