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Updated 10 months ago on . Most recent reply

Carlo D.'s profile image
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Carlo D.
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  • from New York
  • Member since Nov 9, 2023
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Carlo D.'s profile image
Carlo D.'s profile image
Carlo D.
  • New to Real Estate
  • from New York
  • Member since Nov 9, 2023
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Carlo D.
  • New to Real Estate
  • New York
56
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127
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Private Lending & Conventional Mortgage Advice

Do I need a license to buy Mortgage notes?

Carlo D.
  • New to Real Estate
  • New York
Posted

Do I need a license from my home state to buy mortgage notes? Do i need to be licensed in the state where the real estate is located for the mortgage one is buying? Thank you in advance.

  • Carlo D.
    • New York City, New York
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    Chris Seveney's profile image
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    Chris Seveney
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    • from Virginia
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    Chris Seveney
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    Chris Seveney
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    Chris Seveney
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    • Virginia
    ModeratorReplied

    @Carlo D. If you are getting started and are in New York, I would not recommmend you buy in New York

    Start in a place like Michigan, Tennessee, Missouri or Mississippi. New York is the most complex and challenging state to own notes

    Many still do it there as there is no competition, but it’s absolutely not for the faint of heart.

    • Chris Seveney
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