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Updated over 15 years ago on . Most recent reply

User Stats

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

User Stats

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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