My first Note pays off (Literally)!

[Todd Krzeminski]

I purchased a reperforming 2nd position Note in May with my SDIRA -- my first experience at buying discounted Notes. The payoff amount on the loan was just over $30k, but I was able to purchase the note at $23,500. 

The home happened to be in the same county as where I live. Just days after the note was assigned to me, I drove by the property and noticed a For Sale sign in the yard! The home was overpriced, so it sat on the market for several months, but it sold in September. So I was able to capture a few months of interest payments.

Closing just happened last week. With my $23,500 investment, I made $7,400 for a 31.4% ROI in just 4 months!

They're all this easy, right? ;)

Now I need to find the next Note and keep this rolling!