What's the deal about buying real estate notes?

There is no deal.

I simply like buying real estate notes.

It's what I do.

Some people are comfortable buying stocks or bonds.

Some people think that investing in gold is the way to go.

I like real estate notes.

That's it. No big deal.

A lot of people say, "I would rather own the real estate and not the note."

I would rather not be a landlord.

I am not interested in getting a call from a tenant at 2:35 am with a "my toilet is clogged" message.

I like receiving my monthly interest payments from the note payors.

To each his own...


Got a real estate note? Thinking of selling it or want a price on what I would pay for it?

Give me a call or visit the note buying website.

I am a real estate investor. I buy houses, fix and flip them and sometimes carry the note...

Q: Will you buy this type of Note?

A: Nope. I am not interested in buying "flipper" notes. 5 years ago, there
where about 8-9 other note buying companies that loved to buy these "flipper"
deals.

The usual scenario in this type of "flipper" deal is as follows:

1. Investor buys house at foreclosure or tax sale for $20,000.
2. Investor paints house and puts new front door on.
3. Investor re-sells house for $130,000 to person with a "good" credit score but
has no job or no income.
4. Sale of house is usually a nothing down transaction.
5. Investor now tries to sell the seller financed note to a note buyer.
6. Note buyer buys the note for $100,000.
7. Person who bought the house (payor on the note) defaults after 1 payment to
Note buyer.
8. Note buyer has to foreclose.
9. House only worth about $40,000.

All of the note buying companies that used to buy this type of "flipper" note deals
are no longer in business.

I don't buy this type of note on this type of scenario.