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Updated about 9 years ago on . Most recent reply
How about a performing 1st lien note buyer diary
The note buying industry seems to be a fascinating place, and I'm enjoying the posts about it. There have been some great npn purchase diaries that would actually make a great TLC reality show in my opinion. Rather frightening in a way, but still interesting. I'd love to read some run of the mill diaries about routine purchases of performing notes. What went into the purchase decision, what was the yield target, what types of diligence etc. Apologies if people have done this and I've missed this, but would love to see it.
Most Popular Reply
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I think those buying performing notes are content making money monthly and for whatever reasons don't reach out to share their experience. Maybe there is some scarcity mentality that keeps them from singing praises about their exceptional new income source! I've enjoyed holding performing notes for the past six years. I've held over 80 mortgages myself.
I typically refer those interested in my performing notes to other BP members who have purchased from me so they can sing some praises for me, but I haven't seen too much information on BP about performing note-buyers experiences. I've created and sold over 4000 performing notes since 2010, so I personally have many good stories!