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Updated over 14 years ago on . Most recent reply
Buying Notes
I've been buying properties to rehab for a while now and I'm hearing a lot about buying notes and how I can get great deals buying notes at a discount.
Can anyone point me to an information source (inexpensive if possible) on the basics of buying notes.
Thanks in advance
Most Popular Reply
Don Konipol
#1 Innovative Strategies Contributor
Lender
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Don Konipol
#1 Innovative Strategies Contributor
Lender
Pro Member
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
Another but similar alternative would be to lend private money in a first lein position at low LTVs on property you wouldn't mind owning. If the note pays off you earn prox 18+% annually; if the note defaults you end up with the property at a large discount.
- Don Konipol
Private Mortgage Financing Partners, LLC