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Updated almost 8 years ago on . Most recent reply

Places to buy notes.
Through various articles, I've read that the following are some good sources to buy notes, both performing and non:
- Private note holders
- Hedge or private equity funds
- Note exchanges and marketplaces
- Special servicers
- Banks and credit unions
Regarding the last point, from what I've read, it's usually not a good idea to go after big named, national banks, for note buying, especially as a small investor...unless one has raised a lot of capital to do so, and even then, not usually advisable. Generally, one is better off going to their local banks/credit unions, to find notes; NPNs in particular are better, as they generally aren't going to sell performings.
I've heard mixed feelings on exchanges/marketplaces, ranging from those are the notes that people are trying to sell off, as no one else will buy them, to it's a good place to get a note, at retail, with [sometimes] less hassle.
I was wondering, would a title company be a good source, especially for NPNs?
Also, for NPNs, would Hard Money Lenders be a good source? I know not everyone who gets a HML is able to do the flip, so the HML winds up taking the property, which may not always be their goal.
Would those who provide Transactional Funding be a good source? I know sometimes they fund a deal for more than 1 - 3 days [I think some may go as far as 60 days], so "stuff may happen."
Any other sources to look for notes that the community would like to share?
Most Popular Reply

What do you usually say to the title companies when you call ?
Yes, obvious newbie here lol
Thanks in advance for all info