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Updated almost 7 years ago on . Most recent reply

Ellis Hammond's profile image
Ellis Hammond's profile image
Ellis Hammond
  • Investor
  • from Leawood, KS
  • Member since Oct 12, 2017

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Ellis Hammond's profile image
Ellis Hammond's profile image
Ellis Hammond
  • Investor
  • from Leawood, KS
  • Member since Oct 12, 2017
Ellis Hammond
  • Investor
  • Leawood, KS
108
Votes |
178
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Tax Liens & Mortgage Notes

100 notes or a 100 units?

Ellis Hammond
  • Investor
  • Leawood, KS
Posted
I had a note investor today tell me he rather have 100 notes vs 100 units. His reason was no toilets, termites, tenants. What about the benefits of depreciation, equity, etc in owning the real estate? Thoughts?
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    Jay Hinrichs's profile image
    Jay Hinrichs's profile image
    Jay Hinrichs
    • #1 All Forums Contributor
    • Real Estate Consultant
    • from Summerlin, NV
    • Member since Jan 29, 2014

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    Jay Hinrichs's profile image
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    Jay Hinrichs
    • #1 All Forums Contributor
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    • from Summerlin, NV
    • Member since Jan 29, 2014
    Jay Hinrichs
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    Jay Hinrichs
    #1 All Forums Contributor
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    • Summerlin, NV
    Replied
    Originally posted by @Ellis Hammond:

    Good thoughts @Jay Hinrichs @Chris Seveney @Brady Durr.

    What about notes as a short term strategy, where I’m taking equity out of a market like San Diego, and placing it in something like notes until I’m ready to invest back into Southern California?

    What does exit of a note look like? (Besides buying a note with a 5-7 year balloon)

     Check with Norris group in your area they will have short term notes of high quality 

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