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Updated 9 months ago on . Most recent reply
Mortgage Notes sales
I'm looking to connect with people in the note buying business. I'm not new to real estate, but I am new to note buying. I'd like to start buying.
Most Popular Reply
Quote from @Chris Seveney:
@Brandon Skinner
I have been buying notes for several years now and happy to connect.
Thanks for reaching out Chris. It is actually harder to find one of these notes than they make it sound on YouTube. Lol. My trusted banks are basically laughing at me. I'm a little concerned about buying out of state as well. I live in Iowa and I'm seeing nothing on the web for my state.
The problem I'm having is my low cash balance for the moment. I've put 90% of my money in other investments. I have about 65k as of today. I don't feel as if $500 a month in interest is worth my time on one of these notes. Im in a Vangaurd Money Market thats paying me $286 in interest risk free. Thoughts? Due to a life changing situation I need to pull in around 3k more a month in passive income. So im scrambling to find more cash flow anywhere I can.
Thanks for your time.