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Updated over 15 years ago on . Most recent reply
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Buying Notes???
Does anyone on here know anything about buying notes, or have done it or is interested in doing it?
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![Marc Faulkner's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/27792/1621364168-avatar-notebuyers.jpg?twic=v1/output=image/crop=853x853@208x0/cover=128x128&v=2)
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!