Buying Mortgage Notes: Tips for Success

Buying mortgage notes can be a funny business. Like most sales jobs (I consider note buying to require even more sales skills

than real estate or finance knowledge), there are lots of ups and downs in the business. Some deals go fairly smoothly while others require

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tons of time and effort, only to blow up and not close at the end. The latter frequently have missing documentation, unresponsive note holders, low property values, late property taxes, or some combination of several of those. The bad deals are painful but are made up for over time by the good ones.

Link: Buying Mortgage Notes: Tips for Success via www.biggerpockets.com

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