Opportunity to purchase a note
Need someone to push me over the ledge here.
Scenario:
-168k note at 10%
-20% down on the original purchase
-Borrower can’t qualify for a confirming loan and the note is ballooning in 6 months.
-Investor wants his $ to flIp another house Asap & doesnt want to go through the F/C process
-Borrower willIng to go another 18 months I/O to figure things out @$1,400/M
-200K Sale all day
-1st PosItIon - No 2nd
-FlorIda
literally every penny I own. HELP! HaHa!