Note purchasing

[Joe Martella]

Hello, I have been considering note investing for quite some time. I want to try to get at least one note under my belt so I can say I can determine if It is something I want to jump in fully. I found a couple of places where notes are listed for sale (LoanMLS is one of them), but I am not too sure how to account for expenses. I know I will need a loan servicing company, but other than calling people and collecting the money I don't know what they do exactly. I would want to purchase non-performing notes at a discount and hopefully make them performing or acquire the property.