So I'm doing a lot of research regarding buying notes, haven't bought one yet, but it looks like it could be a bit of fun.I was checking out some loans on various websites (I'm sure these aren't great deals, same with finding house on websites) as a way to familiarize myself with different aspects of loans, I figured I'd stick to performing loans, could just hold for a decent return, or maybe tweak them a bit and create a little win-win situation.Then I'm seeing these heavily discounted 1st lien NPN's, now I can see a great opportunity in modifying these, allowing someone who wants to to remain in their house for a lower monthly, and since the note is heavily discounted creating some nice cash flow for my money.

Your provable DTI ratio is critical.

But my fear is that these marketers think they didn't experience results because they make a very common and critical error - they didn't track.I'm curious to know if any of you have tried, and if you would be willing to share your experience?

The time, for goodness sakes the TIME, that she spends on one little aspect is just crazy.

As this ties up my capital is this a smart move to get involved.Again this some what new to me so i apologize if i seem ignorant or have not given proper detail...any thoughts advice or criticism will gladly be accepted.

Can't pass up the opportunity to jump in.As most already know, I'm here to make life miserable for investors, point out why you can't do something, at times be critical and convince some not to do something, which I'm sure is why I'm so loved.LOL, not really but I know it seems that way to many.

It is a good community to network and learn about all aspects of real-estate investing.

Michael, I understand being caught up in the romantic aspect of this beautiful country.

If you did the homework and know how much you can get cashflow from this property you can figure out how much you can pay her monthly, maybe even setup a "interest only" for the first few months until you are done with rehab and leasing.Another option would be to pay her some amount of money to become co-owners (on title) and then all income and expenses are split between the two of you.A critical factor in your success here would be doing your homework!

We are getting people from all over, who are drawn to the creative aspect and the community part.