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Updated about 5 years ago on . Most recent reply

Will King's profile image
Will King's profile image
Will King
  • Investor
  • from Dallas/Ft Worth
  • Member since Jan 5, 2018
  • Posts 51
  • Votes 13
  • Experience 10 Yrs
  • Investments 2
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51
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13
Votes
Will King's profile image
Will King's profile image
Will King
  • Investor
  • from Dallas/Ft Worth
  • Member since Jan 5, 2018
  • Posts 51
  • Votes 13
  • Experience 10 Yrs
  • Investments 2
Connect
Will King
  • Investor
  • Dallas/Ft Worth
13
Votes |
51
Posts
Tax Liens & Mortgage Notes

Buying a Non Performing Note From BOA

Will King
  • Investor
  • Dallas/Ft Worth
Posted

If I'm buying a non performing note from the bank, owner balance is $148k monthly payments are $1150, the resell value is $175k. Would paying $93,500 for the note put me in a bad position? This is my 1st one. Thanks in advance for your input.

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Sean Mcintire's profile image
Sean Mcintire's profile image
Sean Mcintire
  • from Phoenix, AZ
  • Member since Nov 2, 2018
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Sean Mcintire's profile image
Sean Mcintire's profile image
Sean Mcintire
  • from Phoenix, AZ
  • Member since Nov 2, 2018
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Sean Mcintire
  • Phoenix, AZ
18
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103
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Sean Mcintire
  • Phoenix, AZ
Replied

If you have to ask the ?, "Would paying $xxx for the note put me in a bad position? " you need to do a LOT more learning.

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