All Forum Posts by: Jay Raught

@Susan Gerry Network, network and network. The notes I currently own are through have on notes a JV. I have made valuable contacts by attending local meetups which helped in getting a source for notes other than FCI. FCI is a great servicer to board your notes with. Reach out if you have more questions!!

@Porter Tarvin

You could buy a good pool of notes with 125k,  these of course would be on the non-performing side but you would get them for pennies on the dollar. If you are able to get the mortgages re performing you could see huge returns.  You could also take 50 k of that and put into a fund an get a specified rate of return for a few years.  All within the note space.  The possibilities are endless and while it may be passive, the work is far from passive but you are the bank and you get paid each month just as Citibank or Bank of America does.  I currently own 3 and placed a bid  on 3 more. 

That was my next question to you.  How it worked for taxes and $$ conversions. 

@Austin Moran http://www.noteworthyusa.com/profits-in-land-notes...

I hope this helps.   Darren has the right thought, buy a few performing notes.  Or non-performing that can be worked out... of course that is a topic for another thread. 

Did that work? Not work? 

@Roy N. Thanks for the information regarding Canada.  Have you considered investing in US notes?  I 

Any bank that offers a business checking account.  I'd use a CC  in lieu of the debit card for security reasons.  

I currently own 3 and bid on 3 others. In short I am the bank, I buy the note ( in this case non performing) for pennies on the dollar and attempt to get the homeowner to workout a new payment agreement.  If they do, I get the monthly payments instead of the bank.   

@Account Closed have you considered buying Notes? Hold the paper instead of the property? Rates of return vary but can be higher than 8%. The note is backed by the physical property.

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