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Updated over 9 years ago on . Most recent reply

User Stats

70
Posts
18
Votes
Don DeMarco
  • Note Buyer
  • Silver Spring, MD
18
Votes |
70
Posts

My first Note purchase

Don DeMarco
  • Note Buyer
  • Silver Spring, MD
Posted

As a Note buyer, I purchased a small pool of non performing notes from a hedge fund, I was able to get a DIL within the first 30 days from one of them. I purchased this asset for 18,000 with a FMV of 42,000, I then turned around and rented the property out for 750.00 per mo., tenant has been faithfully paying her rent on time so in the first year I received 9,000, she has a 2 year lease so after the 2nd year of payments (9,000)my initial investment is returned, and I plan to sell property, possibly to tenant for 38,000, so my total return will be 56,000 on an 18,000 investment Not Bad.

And the best part is it was done in my self directed Roth IRA TAX FREE!!!

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