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Updated over 4 years ago,

Laurena Davis's profile image
Laurena Davis's profile image
Laurena Davis
  • Member since Jun 6, 2020
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Laurena Davis's profile image
Laurena Davis's profile image
Laurena Davis
  • Member since Jun 6, 2020
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Laurena Davis
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Tax Liens & Mortgage Notes

How to price a performing 2nd?

Laurena Davis
Posted

Thank you all for the wonderful information in this forum!

Question: How do you appropriately price performing 2nds? Let's assume a nonjudicial state with seasoned pay history.

Do you price based on a certain IRR, maybe 10%-ish? (I calculate IRR as annual principal + interest divided by Note purchase price. Please let me know if that is the proper method!)

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