2019 Note Goals For Buying

[Chris Seveney]

What's your goal for acquisition in 2019 - whether it's based on quantity, dollar value (price paid) or UPB / FMV?

I am targeting 72 note deals for 2019 (6 per month).

[Jay Hinrichs]

@Chris Seveney  thanks Chris the reason I ask. is this:

I often wonder what the allure to wholesaling is for all these beginners on BP.. when in fact me being in and around this business for 4 decades I know you could not pick something more difficult to do than wholesaling.. 

and some get on here and have significant budgets to throw at it. 5 to 10k a month and they are just starting out so My thought was instead of wasting that kind of marketing money.. they could be buying a note a month.. and you validated that by saying notes are 5k and up to 20k.. at least they get something that they can actually do something with ..and the seller is motivated to sell.. not trying to talk a burnt out landlord or older folks into giving away their home then trying to talk a sharp investor to paying more than its worth :)… 

plus most of these wanna be break into the business wholesalers at the end of the day just want cash flow at least that's what they say.. so why not do what your doing.. find the notes.. buy them work them out.. cant be any harder than talking some seller into taking a low ball offer.. then get the cash flow which is what they are after at the end of the day ?

So I know its a little off topic but that just dawned on me.. spend money on marketing that is super saturated and basically does not work.. or just buy a note and work it out.. ????