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Updated over 15 years ago on . Most recent reply

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181
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5
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Alex Price
  • Real Estate Investor
  • Cleveland Heights, OH
5
Votes |
181
Posts

Buying Notes???

Alex Price
  • Real Estate Investor
  • Cleveland Heights, OH
Posted

Does anyone on here know anything about buying notes, or have done it or is interested in doing it?

Most Popular Reply

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1,403
Posts
495
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Marc Faulkner
  • Investor
  • Kalamazoo, MI
495
Votes |
1,403
Posts
Marc Faulkner
  • Investor
  • Kalamazoo, MI
Replied

Sorry for the late reply. I would be happy to share with you what I can. My general formula is to double what I have into the home as the sales price w/10% min down, we do 80-10-10's and as short of a term as we can get away with. We charge 9 to 10.9% pr. month and try to keep the payments at an amount that is well below market rents. These notes are to keep and hold-not for resale!

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