All Forum Posts by: Kent Foltz

I am interested to know if seasoned note investors would recommend the better states to buy notes. By "better", I mean in terms of (1) return (2) licensing restrictions, and (3) state law.  I reside in CA, and have invested in first and seconds in my home state.  However, I believe the returns can be significantly higher in many states.  Also, I understand there are certain states that might be best to avoid.  Any information on the states to avoid would also be appreciated.  

You might like to find a compatible investor to put the deposit down and split the proceeds 50/50, if you do all the work.

Christian,   I do not know of any restrictions on the use of the loan proceeds.  But, you may not be able to deduct the interest unless it is used on your home for capital improvements.  Although most people do take this deduction regardless of the tax regulations, to my knowledge, that is the requirement for a proper deduction of the interest.