Real Estate Broker · Washington, DC · Member since 2020 · 31 posts · 10 votes
I typically purchase hard assets but have recently been doing some research on Mortgage note investing and live the idea but have no idea where to start or where to find good mortgage note brokers/online market places that have good deals on Mortgage notes. Please advise in the comment section!
Real Estate Investor · Philadelphia, PA · Member since 2011 · 41 posts · 34 votes
5y
Hi Aaron, Dan Deppen from Fusion Notes posted a great YouTube video on the topic in 2018 and there is a comment from FIXnotes below the video with some updated information. Where to Buy Mortgage Notes
Q3 2020 update: 1. Granite - no longer in operation 2. Kondaur - make sure you build a relationship with a personal rep 3. FCI Exchange - no longer in operation 4. Paperstac - this is a multiple-listing website, make sure you vet each individual seller - your experience will vary greatly based on the counter-party. 5. NotesDirect - expensive listings, mostly retail pricing - deals appear to be vetted well though 6. Watermark Exchange - I have met Val Soltir as well, he's a great salesperson! Don't skip your due diligence on individual assets. 7. Brokers - vet your brokers! Make sure to pull the recorded assignment of mortgage from the county and confirm the relationship with your broker Dave Pollio (SNSC), Paul Banninger (NLEX), Jonas Roth (MountainView), etc 8. Banks & Hedge Funds - move up the food chain! Try credit unions & local banks. Direct, personal relationships are key (try searching Linkedin for Loss Mitigation, Asset Managers, etc) 9. Attorneys - search public records to find the most active attorneys in your market, relationships are key! 10. Other Investors - lots of online note groups and virtual events coming up, network! BONUS: 11. DebtX 12. Loan MLS