Buying a Non Performing Note From BOA

[Will King]

If I'm buying a non performing note from the bank, owner balance is $148k monthly payments are $1150, the resell value is $175k. Would paying $93,500 for the note put me in a bad position? This is my 1st one. Thanks in advance for your input.

[Sean Mcintire]

If you have to ask the ?, "Would paying $xxx for the note put me in a bad position? " you need to do a LOT more learning.