All Forum Posts by: Kenisha Forbes

Okay so the great thing about Real Estate Investing is that there are so many avenues about to make money. The bad thing about Real Estate Investing is that there are so many ways to make money. For the sticklers out there, I know that note buying is not real estate it deals with the financing.  

I want to learn about purchasing performing and non performing notes. I'm not sure which one I want to get into first. Right now I just need to learn the business. From what I've read so far, there seems to be at least 3 parts to the business.

1. Learning about how investing in notes work, the business itself.

2. Learning about the servicing laws and regulations (CFPB rules and other regulations).

3. Learning about where to purchase notes. Should I go directly to the bank or through one of the broker sites like FCIExchange (I think that's the name).

At this point, I have read quite a few blogs on Biggerpockets, visited a couple of websites etc. What I am looking for is suggestions on a couple of books to accomplish point number 1, Free training (first) and then I will graduate to paid seminars/workshops. 

For anyone who is experienced, how much money does one need to invest in notes? The answer to this question may tell me that this is not an area I should focus on right now.

I'm looking into note buying as a passive income stream. Any help anyone can offer is greatly appreciated. 

Hi @Tracy Ellison - Bey that's the whole point of me creating this post. I want to create a networking group for the Southside. I'm an organizer at heart, so I will definitely be in touch with you. Once we generate enough interest, I'll reach out. Thanks for offering up your space for use! BTW what's LO?

Jay Hinrichs and Tom Yung you guys are right. I'm not sure what I was confusing it with. Greg Scott I just listened to show 39 with Seth Williams. He flips vacant land. He may be able to purchase some of your liens or assist you with offloading some of them. I think it's worth a shot.

Thanks Margaret B. !

@Tom Yung I'm back with more questions. :-) What is your strategy when you invest in Tax Liens? Are you hoping the owner will not redeem so that you can foreclose on the property and take ownership or are you just looking for cash flow? Also, after the year or 15 months is up what happens then? Is the responsibility for the property transferred back to the owner and the county or are you as the lien holder still responsible for it?

You're welcome @Cresundo Whitaker!

@Tiffany C. Awesome Tiffany! Spread the word!

@Bill Hampton Thanks!

Thanks! I'll definitely save your information. And I'll send you a request to connect. 

Thanks @Graham Parham! When you say your bank looks at it differently, are you saying your bank would possibly do one loan for both properties?

@Greg Scott Wow! GA's rules are very different. In Dekalb county, the one I'm familiar with, you get 20% ROI regardless to whether the owner pays or not. At least for the first year. So you can't lose. I'm sorry about that happened to you. But I'm going to be an optimistic pest lol! Someone bought these properties/land to begin with so someone will have use for them again. One man's junk is another man's treasure. You will sell these liens and you will even profit on some. I don't know when, but you're going to come back to this post and tell me your success stories and I will be jumping for joy for you!