Performing versus non-performing

[Laniece Miller]

I'm just now starting to do my homework into notes, so apologies for such a basic question. From what I've read, buying a performing note from somewhere like PRR is very different than buying non-performing note and trying to make it perform or foreclosing and selling the property.

Any thoughts would be appreciated.  At this point I figure actually investing in notes is probably two plus years out, but want to determine where I need to focus my research time.