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Updated over 5 years ago on . Most recent reply

User Stats

12
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6
Votes
Eric Cybulski
  • Rental Property Investor
  • Saint Paul, MN
6
Votes |
12
Posts

First Time Mortgage Note Investor

Eric Cybulski
  • Rental Property Investor
  • Saint Paul, MN
Posted

I am interested in mortgage note investing but have no experience (only some book knowledge on the subject). I am planning on comitting $10k to $20k as my starting investment amount with a focus on a relatively safe investment or two so that I can actually learn the process of purchasing and working with a service provider. Is this amount inline for someone starting out or am I grossly underfunded to begin investing in notes?

Is my best option to search sites like FCI Exchange or Notes Direct to purchase a note?

Any help or guidance is appreciated. It is just a matter of executing the first deal that is the most difficult. It is like signing your first mortgage, it can be intimidating and scary, but after going through the process a few times it is not so bad. Then can you educate others through the process.

Thanks, Eric

Most Popular Reply

User Stats

900
Posts
392
Votes
Christopher Winkler
  • Specialist
  • Dallas, TX
392
Votes |
900
Posts
Christopher Winkler
  • Specialist
  • Dallas, TX
Replied

@Toral Patel Head over to Fakebook where there are dozens of guru's who will take all your money...

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