Looking for help analyzing a deal please

[Greg P.]

Hello, I'm brand new to notes and wondering if these look like good deals.

Non-Performing -
#1 - Principal Balance - $30,062.77 at 11% purchase at $8k - ARV - $135k

Performing -
#2 - Principal Balance- $155,745.61 @2% purchase at $60k - ARV - $100k
#3- Principal Balance - Principal Balance $119,062.23 @3.5% - Purchase price $60k - ARV - $135k

The benefits I think compared to rentals is that there is no tenants, but I'm not sure if banks are willing to refinance notes since I know banks are willing to refinance rental property?

Also, I'm assuming the note holder gets a check in the mail and that is there is no holding costs like taxes, insurance etc like if I was a landlord?

Any advice is appreciated.

Thank you.

[Loc R.]

Greg,

There is way too little information to make anything close to a even an initial judgment on the notes.

Whenever you work with brokers, you always have to keep in mind that they're only looking to make the sale. In other words, CYA.