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All Forum Posts by: Robert Fry

Robert Fry has started 1 posts and replied 1 times.

Post: Buying partial notes

Robert FryPosted
  • Camas, WA
  • Posts 1
  • Votes 0

Reading through this site has opened my eyes to problems I never thought of. I usually stick to local rental properties. While trying to find a new investment for some cash I needed to put to work, a friend recommended I buy notes and gave me the name of someone who brokered notes. It sounded simple and so far everything has gone as planned for 6 months.

Then I saw @Dion DePaoli comments about partials and thought I better investigate.

He mentioned buying partials is dangerous for investors and can violate securities laws. Can anyone elaborate?

I bought 72 payments on a seller carried 30 year note. I am hoping I did not do anything wrong.