It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

While there are some rather light legal and tax aspects, buying or selling a note is not rocket science.The hard part is selecting the right note and obtaining the right or an acceptable price.

https://www.realtor.com/news/t...

This way you can easily refinance in a short time frame after closing and capture the equity you are obtaining from getting a property at such a quality price. 

We still own this property, but we have: 1) leased to market rent, 2) successfully implemented RUBS to save roughly $3,000/year, 3) Reduced vacancy/bad debt from pre-acquisition T-12 of 15% to less than 4%.

t=3243&highlight=Posted: Thu Jul 13, 2006 9:22 am Personally i would take a few BASIC steps, and one of them is NOT "just buying the land and hoping to get zoning and a LDP for I want"1.

What would be my best path going forward in the short term to obtain funding?

In one instance I was told that the seller was expecting 92 to 94% of UPB, which was in that scenario equivalent to a 85% LTV, and I thought this was too high for the amount of risk and unknown involved.I would love to be buying these around 50 to 60% LTV but don t know if that s realistic currently?

I assumed that was a good thing and the 5% K&T wasn't a problem since everything was working correctly and safely.

Hi @Pinny T.!