Gauging Interest in Note Buying

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Hello everyone

I am making this post today not to sell anything or solicit but to gauge interest so please let me know if this sounds like something you or someone you know would be interested in.

I am putting together a program to offer Investors notes that I purchased directly from banks.

The average principle loan amount will be $150k and the average purchase price will be $33k or .22 cents on the dollar.

There will be a $20k sign-up fee and this will cover the cost to ensure you are buying the first position and that there no tax liens or anything else that will get in the way. It will also cover any expenses relating to having to foreclose or manage any unsold loans.

For example the first loan bought + the sign-up fee will cost $53k on average. Any loan after that will only cost on $33k on average. So if you bought 2 loans you would be leveraging $300k for $86k.

There are a lot of effective possible investment strategies that I can get in to more if need be.
Again please let me know if this sounds like something you or someone you know would be interested in I would greatly appreciate it!

Thanks guys!

Tim Lock