Note buying BRRRR equivalent
Is there a note buying strategy that would be roughly the equivalent of brrrr deal that allows you to retain and reuse your capital? Where do I go to learn more about it?
Most Popular Reply
@Megan Randolph
The closest is buy a non performing note, get it reperforming then sell a partial to get your equity back to reinvest in another deal and you will also keep payments on the back end.
Example, buy a $30,000 UPB non performing loan that is paying $400/month with 120 months remaining 10% interest
You buy it for $15k, they start reperforming then you sell 15,000 worth of payments at 10% to investor which may be 60 months (numbers not verified and for example purposes). You get your $ back to reinvest and in 5 years will get more payments coming in.
That is the closest to a BRRR I can think of
- Chris Seveney
