Not so New to RE, but new to Notes

[Albert Gutierrez]

I remember I went to a seminar once about note buying and they would give astronomical/almost made up numbers that made people want to get into note buying/selling, performing and non performing notes, but how realistically is this?  I want to ask in biggerpockets because it seems the info I find here people are actually willing to help and not "sell" you something bogus or false, I'm kinda a new to bigger pockets too so I'm navigating the waters of these forums and all the content it offers, let me know if you can shine some light on how I should begin my journey, I'm currently in the Los Angeles County Area 

[Chris Seveney]

Albert Gutierrez similar to all other avenues of real estate you make your money on the buy. I have had deals that made 100% and some make almost nothing. The rules of thumb I have heard are people targeting a 24% return. This varies by individual and who their $ source is. Now you have to consider if you have a $20,000 note that is only a $4800 payout. But remember on assets that low every $200 is a percentage point on your return and if it slides by a few months from your forecast your returns again drop.

Last point - when I see people publish deals noting 40,50,60+% returns I typically do not even look at them - I find it similar to hard money lenders offering money for 3-4%. To good to be true.