Updated over 6 years ago on . Most recent reply
balancing investing in notes with existing job
hi
recently got into the note businesss, i really like what i see so far and in the last two months have purchased three non performing 1st lien notes. looking ahead a few years from now, i would like to reach certain amount of notes while still holding my current job, allocating no more then 15 hours a week for notes, and i'm having troubles figuring out how many notes can i realistically handle in a given moment under these assumptions. wanted to get an opinion from any experienced investors around here.
a few assumptions
- notes are all non performing, all 1st
- focusing on non judicial states
- not planning to hold a note more than 18-24 months
- i am using vendors for everything - loan servicing, attorneys, document handling,bpo
just to give a ballpark of the amount i am thinking about, no more then 30 notes.
what do you think?
Most Popular Reply
20 non performing notes are about all anyone can handle by themselves unless they hire an assistant to help.