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Updated about 6 years ago,

User Stats

30
Posts
2
Votes
Madhu Kumar
  • Rental Property Investor
  • Philadelphia, PA
2
Votes |
30
Posts

Can you buy properties using Note

Madhu Kumar
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi,

I am looking to finance a distressed property which is $25k and need to put at least $15k rehab money, which will rent around $1000 when all done. I have had 3 properties like these so far and I know how well it works.

But, I am short with my own Cash now and looking to see if I can get any Mortgage Note on the property. Does it work? Where do I start? I  have heard a podcast a while back from BP or some other place where the guest bought tens of properties by having a Note on each property. 

Thanks for your help!

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