Updated about 4 hours ago on .
Performing Note Investment
Investment Info:
Single-family residence note investment investment.
Purchase price: $169,000
Cash invested: $169,000
Purchased performing note at a discount for $169,000
Current borrower balance ~$214,000
Strategy - Hold the note for 3 years and cash flow it; Refi borrower out
Estimated cash flow profit: $~72,000
Estimated refi profit of ~$39,000
Total projected profit ~$111,000
What made you interested in investing in this type of deal?
Looking for passive income opportunities secured by real estate rather than the real estate itself.
How did you finance this deal?
My own funds
How did you add value to the deal?
Purchased the note at a discount and will refi borrower out in 3 years
What was the outcome?
Property is cash flowing
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Got BPO on property after offer was accepted
