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Updated about 11 years ago,
Would you buy a note that..
I am a bit curious if there are any paper investors out there who would buy a note that is secured by a property roughly at 50-60% of the note's value (ex: note for $100k, property value at $50k). The note would be for 30 yrs, performing and guaranteed at a 20% discount.
How long would you want to see it perform before you were interested?