All Forum Posts by: Lauren Sanford

When purchasing mortgage notes, what are the most critical items to include in your due diligence checklist? Are there any specific tools or resources you recommend for evaluating potential investments?

Did you catch our show about this topic. Depends if it's 1st or 2nd and if it's a bank originated or seller financed.

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Dallas, Texas

@John McKee Our podcast "Real Estate Notes Show" Partner Nathan Turner also has a fund.

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Quote from @Alex Booth:

I agree with Chris and Don. Last year, I built a note investing calculator and kept tweaking it as I learned more. I'm no Excel expert, but it helps guide my capital allocation decisions. Don makes a good point: focusing too much on numbers can make you overlook risks and pitfalls—not just in notes, but in any investment.

I've got a spreadsheet I'd be happy to share. Personally, I learn best by diving in, so I'd suggest starting small—maybe buy a land note or a partial—to get hands-on experience with minimal risk.

For reading, I'd recommend "Invest in Debt" by Jimmy Napier. Also, the JKP Holdings podcast is great for on-the-go learning.

Thanks for the shout out for JKP Real Estate Notes Show!

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Quote from @David Cooper:

Hello BiggerPockets community! I'm looking to diversify my investment portfolio with mortgage notes. What strategies have you found most effective for balancing risk and return in this space? Share your experiences!

Listen and Network with multiple seasoned investors to get a feel of what is working and what is not. Ensure you have a well calculated bid calculator. Be sure to know what our risk level is/ is not. Even with our Company having over 15 years of experience we still network with the best to build experiences.

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San Francisco, California

Quote from @David Cooper:

What misconceptions have you heard about mortgage note investing? Let’s debunk them together!

We had a great Episode on this exact topic! Real Estate Notes Show Episode

MYTHBUSTING! Bursting YOUR Note Investing beliefs! Full Length
Youtube, Spotify and Apple Podcasts

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Colorado Springs, Colorado

Quote from @Michael Wang:

Hi everyone, I'm a land investor with experience in flipping residential land, including infill lots and rural vacant land, with market values ranging from $40,000 to $200,000 in NC and TN. All of my transactions have been cash sales. Lately, I've been thinking about to creating a note portfolio to build a six-figure "passive income".

Are there any specific criteria for selecting states for note investing?

I've been thinking about the difference between judicial and non-judicial foreclosure states. Non-judicial foreclosure states have a faster foreclosure process, which means I can recover my investment more quickly if a borrower defaults on payments. But some states have both judicial and Non-judicial foreclosures, and I guess I will need to narrow down to specific counties.

I'd like to create my notes as well as buying some performing notes done the road using investors' money.

What's your thoughts on picking up a specific state or county for notes investment?

Thanks

Michael

Understood. We have been in the space for over a decade and we understand the attraction to non-judicial, however just be aware so does everyone else. The deal is often found when you know the property value better than the seller. The seller thinks the property is worth 50k but you know its worth 75-100k.

Just be careful in NC as it is highly regulated. We actually had a episode on our show about this topic a few months back.

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Charlotte, North Carolina

Quote from @David Cooper:

Quote from @Chad U.:

Quote from @David Cooper:

Hi all! Aside from BP, Paperstac, and maybe some on Facebook, I'm looking for recommendations for reliable websites or platforms where direct Mortgage Note sellers post their notes for sale. I'd love to hear your stories with your experience with them!

Notes direct
watermark exchange

Hi Chad, I'll check these out. Thanks so much!

Just fyi notes direct and watermark stopped selling notes over a year ago.

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Boise, Idaho

Quote from @David Cooper:

Have you signed up for our latest offering. We have over 80 for sale.
JKP

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Boise, Idaho

Quote from @Gernide J Antoine:

Quote from @Jeff Rabinowitz:

@Lisa Fondant, it looks like this program has inspired several threads right here on BP. Jerry Norton started out right in my backyard. He used to be a regular presenter at one of the local REIAs. I have spoken with him several times. There is no doubt that Jerry has made a lot of money. I would not invest with him nor buy his program.

Note Flipping/brokering is overwhelming "side hussle" and you can quickly get stuck in becoming a "joker broker". We recommend learning to evaluate assets, determining which one is good and then if you can't afford offering a true buyer the deal plus all the due diligence as added value. Or you can do Mailers to note holders.

1 Vote

Quote from @Ámlèh Quáwáin:

Quote from @Lauren Sanford:

Quote from @Ámlèh Quáwáin:

Quote from @Lauren Sanford:

Quote from @David Cooper:

Networking can be key to success in any field. What strategies have worked for you in connecting with other investors?

We stay connected with others in notes via our FB groups, Notes Show (podcast) and going to Note Conferences.

I’m currently looking to purchase notes

I’m open to wholesale purchasing them as well

DM me if you or anyone you know is selling

We have some for sale and our Real Estate Notes Show on friday will be going over marketing for them as well.

JKP

Is there a menu you can send me?

And what’s the face value of the entire portfolio, I can purchase the entire portfolio if the yields of the portfolio is high enough

For more information send a me a PM.

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Manchester, New Hampshire

All Forum Posts by: Lauren Sanford

Lauren Sanford has started 0 posts and replied 70 times.

Post: Due Diligence Checklist for Mortgage Note Purchases

Post: Current PPR Reviews

Post: Looking for an Excel Template to Simulate Note Loan Investments?

Post: Seeking Advice on Mortgage Note Diversification

Post: Common Misconceptions About Mortgage Note Investing

Post: Notes Investments: Crtieria for Selecting Location

Post: Looking for Reputable Websites/Platforms of Direct Mortgage Notes Sellers.

Post: Looking for Reputable Websites/Platforms of Direct Mortgage Notes Sellers.

Post: Jerry Norton programs ($10k finder fee - Powerflipper)

Post: Tips for Networking in the Mortgage Note Community