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Updated over 5 years ago,
balancing investing in notes with existing job
hi
recently got into the note businesss, i really like what i see so far and in the last two months have purchased three non performing 1st lien notes. looking ahead a few years from now, i would like to reach certain amount of notes while still holding my current job, allocating no more then 15 hours a week for notes, and i'm having troubles figuring out how many notes can i realistically handle in a given moment under these assumptions. wanted to get an opinion from any experienced investors around here.
a few assumptions
- notes are all non performing, all 1st
- focusing on non judicial states
- not planning to hold a note more than 18-24 months
- i am using vendors for everything - loan servicing, attorneys, document handling,bpo
just to give a ballpark of the amount i am thinking about, no more then 30 notes.
what do you think?