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Updated almost 6 years ago, 03/01/2019
Where to Purchase Partials
Hello all,
I have been researching notes since June of 2018. So far I've read several books and listened to several note podcasts to get myself educated; at this point I would say I know enough to make mistakes and lose money. I am planning to make my first purchase in the note industry in late 2019; by then I will be able to invest $20,000 - $30,000 and am looking for a "secure" and "reliable" investment that can net me a 12% - 15% return.
I would like my first purchase to be a partial on a performing 1st mortgage note, I am thinking that to get started I would like to focus mainly on performing 1st mortgage notes (possibly contract for deeds, still researching this one), partials on performing 1sts, and performing seconds with a guarantee as is offered through PPR and other companies.
Would anyone be willing to offer some advice on where to find partials for sale, and possibly some due diligence on what to look for/look out for when purchasing a partial?