Note buying?? Who is doing it?? What are your returns??

[Joel Owens]

Okay so my commercial real estate brokerage business is great. While I want to make investments what I do not have a lot of is time to devote for a return because that is a JOB.

I do not like hard money loans for lending as that can tie the money up for a very long time. I also do not like rehabbing with fix and flip as that is very time intensive and ties up capital before you get it back.

I have heard of others buying notes at a discount and some hold for the income stream and others to flip. I am more interested in buying first position notes at a discount through my contacts and selling them back off for a profit. This seems like an ideal way to keep churning my money and stay relatively liquid between my large commercial deals closing. In Georgia foreclosing is a relatively simple and quick process if it needs to be done. If the owner started paying again with penalties and interest I could still sell it off at a spread to someone else.

Wanted to get feedback from others who are doing these types of deals. I know some who buy the notes and hold but I want to churn the notes for a spread instead.