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Updated about 7 years ago on . Most recent reply

User Stats

17
Posts
4
Votes
Nicholas Candaffio
  • Orlando, FL
4
Votes |
17
Posts

Note Investor Starting out

Nicholas Candaffio
  • Orlando, FL
Posted

Hi Everyone,

I've been doing some research and I think that non-performing 1st position notes are probably the best place for me to start given my situation. I currently have 20k I could borrow from my 401k as well as about 10k cash on the side. I'm getting conflicting advice from different articles and books I've been reading. Some say to wait until you can afford a small portfolio of notes before you start investing, others say doing is the best way to learn so get your feet wet. 

I'm looking for some advice from the group as to whether to hold off and keep saving up, or pull the trigger if a good deal comes along. Thanks in advance!

Most Popular Reply

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17,775
Posts
15,303
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Chris Seveney
  • Investor
  • Virginia
15,303
Votes |
17,775
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

Nicholas Candaffio if you have never bought a note before and are not heavily involved in finance or real estate in a day to day basis I would suggest teaming with someone on your first deal.

  • Chris Seveney
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7e investments
5.0 stars
16 Reviews

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