![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/436720/small_1621476574-avatar-jamesm135.jpg?twic=v1/output=image&v=2)
I bought a house in 2011 and lived in it prior to moving out at the end of 2014. February of 2015 I began renting the house. I am trying to determine my cost basis for depreciation. I know that it will be the lesse...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/37034/small_1621370217-avatar-dkonipol.jpg?twic=v1/output=image&v=2)
In my experience, here are the misconceptions uneducated and inexperienced note investors possess1. Thinking the 1st lien note holder needs to pay off their 2nd lien note if the 1st lien forecloses2. Thinking the fore...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/444525/small_1621476943-avatar-edisonr.jpg?twic=v1/output=image&v=2)
As far as performing our due diligence can we perform criminal checks or should we keep as far as credit checks ?I believe is USA is legal to perform both but in Canada looks like is illegal to perform criminal checks...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/203641/small_1729596162-avatar-batemanjames.jpg?twic=v1/output=image&v=2)
Do you always do a 50/50 split? Do you consider a lesser split (for your side) for performing notes, since there should be less to manage? When you send payments to your JV, do you include principal and interest? Or d...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/201202/small_1621432806-avatar-sean8021.jpg?twic=v1/output=image&v=2)
Hi All,
I am new to this site and was hoping someone had a good site for purchasing non-performing notes. Any insight is greatly appreciated! Thanks in advance.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/99795/small_1695035144-avatar-joe77.jpg?twic=v1/output=image&v=2)
OK, this idea intrigues me. I was browsing FCI Exchange today.
Questions:
1. If I want to buy notes, do I have to be licensed as a lender or servicer per the SAFE Act??
2. Would I have to service the loans? Or ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/124863/small_1621417984-avatar-christopherb.jpg?twic=v1/output=image&v=2)
I've scoured paperstac and found a performing note that interests me. What do I do next before making an offer? What questions do you ask the seller? I could be totally wrong, but don't they typically wait to disclose...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/535/small_1621345481-avatar-azrealtor1.jpg?twic=v1/output=image&v=2)
What is the difference between non and performing notes and MTN's? MTN's can be traded by whom?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/209283/small_1695837781-avatar-woodsd13.jpg?twic=v1/output=image&v=2)
I was wondering if anyone has had experience using a 401k loan for capital towards buying an investment property? Most company 401k plans (including mine) allow you to take out a loan of up to $50k (or the lesser of 5...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/438433/small_1696355635-avatar-rayg7.jpg?twic=v1/output=image&v=2)
I have a tenant who's been great for the past few years. She moved in with her son and daughter who were in high school but have now grown. The son has moved out and the daughter has a boyfriend who just moved in (w...