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Updated about 6 years ago on . Most recent reply

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Paul Quinones
  • Consultant
  • Chicago, IL
2
Votes |
25
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Buying and selling notes.

Paul Quinones
  • Consultant
  • Chicago, IL
Posted

I'm a real estate broker in Chicago with a large database of active investors that I've been working with for over 20 years. I'm looking to build another stream of revenue. This morning I sent out a blast text to my database looking for anyone who had a note they might be interested in selling. The response was good. I believe I can consistently generate a pool of note sellers. Now I want to develop as many resources as possible in order to facilitate these transactions:

Note Education

Note Buyers

Documents needed

Fees Charged

 Any information that you can share with me will be greatly appreciated.  

Most Popular Reply

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5,898
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
9,195
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5,898
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

@Paul Quinones

Hi Paul. If you can secure a supply of notes to be sold at MARKET prices you will be able to establish that secondary income source. There is great demand for all types of notes right now. However, the vast majority of note holders, even those interested in selling, are not willing to sell at prices buyers are willing to pay. You’ve taken step one. Step two is determining if these note holders are interested at selling at prices that buyers will pay, which in many cases is significantly below unpaid balance.

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

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