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Trying to understand how to brake it down and make a good bid
Hi everybody,
I'm brand new to Notes and want to know how you guys bid on notes when you get a Tape.
I know you have to have your Criteria, so first thing weed out the bad ( what you don't want).
What next >??
This is what I See
Example: OH
Original LB $50,890 Year Sold 11/15/14 for $52,350 last payment date 4/25/17
Amortized LB $50,735.70
Y Built 1960 B/B 4/1 rate 9.9 term 360 Maturity 2044
I looked on Zillow and it gives me the FMV or Zestimate of $83,024
I know it looks like a scrambled puzzle with missing pieces but where do I start putting the pieces together to reach a reasonable bid??
Very much appreciate your feedback