Hey Everyone,With real estate equity fundraising slowing but private credit strategies booming (debt funds now grabbing bigger shares of originations per MSCI), I'm seeing performing notes emerge as a standout opportunity for 2026.Key trends I'm watching that could impact your note strategy:Investor loan defaults rising (especially fix-and-flip and multifamily debt maturities), creating more inventory for buyers like us who focus on seasoned, clean-paying 1st lien residential notes.​Yields holding strong at 9-12% for well-equitied performing notes, beating CDs by 2-3x while offering real downside protection.​Seller-finance & hard money surging amid tight institutional lending—great for secondary buyers targeting re-performing assets.​Liquidity improving via digital platforms, but smaller regional banks offloading non-core notes to meet capital rules (14% YoY sales velocity up).​Question for the group: With this shift toward debt over equity, are you buying more performing notes to hold for yield, or repositioning into workouts/NPLs?

That's meaningful liquidity without killing flow, plus you get to consolidate into one payment and shift title to an LLC for better protection—no more personal name on the deed.Breaking down the trade-offs honestly:Pros that stand out:Asset protection upgrade — vesting in LLC shields your personal stuff from lawsuits/creditors tied to the property.Cash extraction — $20-30k to deploy on the next deal, emergency fund, or whatever.

What first steps, resources, or mindset shifts helped you the most when you were just beginning?

You can nail your acquisition price, execute the rehab flawlessly, and stay on budget -- but if buyer demand shifts while you're mid-project or holding, you're holding a property that no longer fits the market.

When the regulations tightened a couple of years ago, we temporarily shifted more focus toward direct mail while we refined our SMS strategy and made sure everything stayed compliant.As for platforms, I’ve been using Launch Control.

Positive cash flow protects you when markets shift, repairs pop up, or vacancies happen.Key things to watch:Conservative rent estimatesAccurate expense projections (taxes, insurance, maintenance)A healthy DSCR if using DSCR loansInvestors who scale too fast on thin margins often get stuck when one property underperforms.2.

I am planning on shifting my focus to growing my own book of business within the next year.

I’ve seen a few lots where the deed mentions access but it’s not always very clear how that works in practice.Appreciate you sharing that local perspective. 

Thank you for sharing your perspective.

Assignment — if the deal deteriorates before you start the work.The market always shifts.