1 Month in to 2020 - What trends are you seeing

[Chris Seveney]

Well that first month went quick. I wanted to reach out to other investors and see what trends you are seeing so far this year as it relates to note investing.

Few things I have seen are:

1. Quality of service from vendors is at an all-time low for me. Not sure if anyone else is experiencing this as well. I am also not one to use the lowest cost provider. Getting an actual email reply is sometimes a win.

2. I have seen a good amount of assets out there, but pricing is still high. There are deals to be found but they will not fall on your lap. I was pleasantly surprised as usually January is a slower month with a focus on closing financials from prior year

3. I have not seen the wave of new investors entering the picture like in the past. This could be due to one of the bigger name gurus having legal troubles.

4. States (even the more landlord friendly ones) continue to be moving more to the side of tenant friendly.

Curious what you have noticed.

[Chris Seveney]

@Tracy Z. Rewey - I agree, seeing a lot more owner created notes. I am doing a lot of conversions from land contracts to traditional notes with my portfolio.

Regarding the comment by Sean above - I would disagree with the comment above about notes being too expensive. I find them to be a lot more affordable and provide better returns than most single and multi family properties. Yes there are locations that are providing great cash flow (but have little chance at appreciation). You just have to look harder for them. Its like trying to buy a house on MLS, you typically are not gonna get a great deal. Same goes for notes. Getting them from online providers will not be a great deal but still a decent deal can be found there and when dealing direct you can get much better deals the higher up the food chain. It takes time to build those relationships.