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Updated over 9 years ago,

Sri Ram's profile image
Sri Ram's profile image
Sri Ram
  • Rental Property Investor
  • from West Palm Beach, FL
  • Member since Feb 8, 2015
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User Stats

30
Posts
6
Votes
Sri Ram's profile image
Sri Ram's profile image
Sri Ram
  • Rental Property Investor
  • from West Palm Beach, FL
  • Member since Feb 8, 2015
Connect
Sri Ram
  • Rental Property Investor
  • West Palm Beach, FL
6
Votes |
30
Posts
Private Lending & Conventional Mortgage Advice

Buying a performing NOTE

Sri Ram
  • Rental Property Investor
  • West Palm Beach, FL
Posted

I am looking to purchase a note(first time) where the UPB (unpaid balance) is about 45% of the value of the property. The interest rate is only 4.25% and only 5 years left to maturity on a 20 year loan. What kind of discount can I ask to buy the note. UPB is 185k. Value of the property is around 405k.

Looking for some advice

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