How to Purchase Notes

[Ethan Hamilton]

Hi Everyone,

Just wanted to get thoughts and feedback on approaching local banks vs utilizing an organization like PPR to purchase notes on my behalf? I've done a lot of reading about notes and think I'm more interested in the non performing side of things, and it seems like 2nds in general provide more risk, but also more upside? I'm a licensed Realtor in the state of Nebraska, so the concepts, nomenclature and exit strategies make sense to me. I also work full time as of now so my thought is to start a 401k, roll it to a self directed IRA and also invest in a tax deferred vehicle. Any good next steps and advice on which direction to persue for someone who hasn't ever purchased paper before? Thanks in advance!