I can understand investing in notes backed by real property.I can't understand intentionally buying a non-performing note.In either case, the only security is a position in the foreclosure queue, but unless you're in ...
I have recently learned about investing in notes and I have tried to reach out t multiple banks, credit unions, and mortgage lenders in my area for more information and to see if the sell them there. However most of t...
Hi BP, I am looking for company recommendations to invest into mortgage notes. I am not an accredited investor. Ideally, I am looking for shorter commitments, from maybe 6 months to maximum 2 years for the loan. Does ...
I have a question I need some help with from the more experienced Brokers, Mortgage Bankers and Real Estate Professionals in the forum.
I have a client that is considering purchasing non performing notes from some of...
Hello fellow Canadians I was wondering if you screen your tenants with credit and criminal record checks. If so, how do you do it or which services do you use?
If you do these checks do you charge an applicat...
I had a thought after talking with a note broker locally. Can I create and sell a note to finance a flip?! It would look like this:9% APR on $120,000 secured by a property currently assessed for $145,000. 12 month cal...
Hello BP World,I have some notes/contracts for deed that I want to sell through assignment. I also want to offer a partial insurance policy on the contracts.Anyone familiar with the legalities of where/how I can adve...
Hey guys. Long story short, I have a family member who may be financing a purchase. They are lending me $45k, 5 year note @8%, interest only payments for the duration, lump sum due at the end.
Now I would like to se...
If I buy a non-performing note on a vacant property, does that give me ownership of the home?
The home has been vacant since the previous owners filed bankruptcy and the case has been closed since 2008.
Hello BP - will keep this brief but feel free to ask questions if you need clarification.I live in Chicago and bought a duplex in St. Louis last year. That has been performing decently, and I wanted to move more fund...