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All Forum Posts by: Challenor Jack

Challenor Jack has started 7 posts and replied 24 times.

Post: Newbie to Notes

Challenor JackPosted
  • Investor
  • Morton Grove, IL
  • Posts 26
  • Votes 14

@Bill B., some useful information. Thanks. 

Post: Newbie to Notes

Challenor JackPosted
  • Investor
  • Morton Grove, IL
  • Posts 26
  • Votes 14

Thanks all for the great responses. @Dion DePaoli you made a lot of points that to me was helpful. I am open to any note but I want to at least begin the process doing something that I have a good chance to succeed with. 

Post: Newbie from Chicago

Challenor JackPosted
  • Investor
  • Morton Grove, IL
  • Posts 26
  • Votes 14

Hi all,

I am new to bigger pockets and I am looking to invest in real estate. I am also open to partnering with someone in Chicago once we have the same goals.

Thanks
Challenor

Post: Newbie to Notes

Challenor JackPosted
  • Investor
  • Morton Grove, IL
  • Posts 26
  • Votes 14

Hi all,

I am looking to get started with notes investing.  The more I read the more I am confused as to where to begin.  So here are some of my questions and I hope someone can point me in the right direction.

  • Should I start off with a pool
  • Should I cherry pick
  • Non performing 1st or Performing 1st
  • Non performing 2nd or Performing 2nd
  • At what point do you get a servicer(before getting a note or after the purchase)
  • Total funds needed ( 10K, 20K or more)
  • Solid due diligent techniques needed to separate the good from the bad notes.

I appreciate all that take the time to assist me and I am sure once I have this process down I will surely appreciate it.