First Time Mortgage Note Investor
I am interested in mortgage note investing but have no experience (only some book knowledge on the subject). I am planning on comitting $10k to $20k as my starting investment amount with a focus on a relatively safe investment or two so that I can actually learn the process of purchasing and working with a service provider. Is this amount inline for someone starting out or am I grossly underfunded to begin investing in notes?
Is my best option to search sites like FCI Exchange or Notes Direct to purchase a note?
Any help or guidance is appreciated. It is just a matter of executing the first deal that is the most difficult. It is like signing your first mortgage, it can be intimidating and scary, but after going through the process a few times it is not so bad. Then can you educate others through the process.
Thanks, Eric