Can I buy notes in my neighborhood?

Chances are no, we like to buy notes that the bank is ready to sell. Trying to find a specific house to purchase by way of mortgage notes is very unlikely. You can narrow your searches to specific cities, states, or regions by requesting those areas when speaking with the bank or broker you are purchasing from, but a seller who is motivated to let go of a note at the right price is more important than possibly paying top dollar for your neighbor's house. If you are hoping to get specific properties there may be other avenues for you outside the note business.

Leave a Reply

Your email address will not be published. Required fields are marked *