Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

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!!!

Loading replies...