Exit strategies for Notes

[Luke Youree]

What are some of the possible exit strategies you may have when buying mortgage notes?

[Logan Hassinger]

@Luke Youree

Brett nailed it, and for my favorite answer, it depends. 

There are plenty of posts here on BP that go in to detail about a few of the exit strategies and I employ a lot of them. 

From buying nonperforming, then getting it re-performing and selling (or holding for a high yield). Buying performing and just collecting passive income, mailbox money some might say but it’s not so don’t be fooled. Buying semi-performing for an even higher yield than performing. Partnering with a rehabber who does seller financing and buying their notes at a great price AND both parties win. Buying nonperforming and taking back a property to turn into a rental or another seller financed note. Buying large pools of loans and cherry picking what you want and flipping the rest. Buying performing and then selling a partial. 

My point is there are plenty.