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Updated over 5 years ago,
Question about Note investing
I'm in the middle of analyzing a potential deal and trying to think of various "exits" I could take if the primary plan wouldn't work out. The numbers would work for a flip, but renting is probably not a good option, as the cashflow would barely clear $100/m. Also, the property in question would be worth less than $60,000 after renovations, so I'm not sure if a bank would even refinance it.
So, let's say I decided I wanted to hold the note instead. How exactly does one go about finding or targeting the types of individuals (specifically, non-W2 employees) who would be looking to purchase a property with seller financing? And how do I even know if I'm in a good market for this sort of strategy?