Buying Real Estate Notes

[nicholasjackson]

I've just now delved into this. Any advice for a newbie?

Nick

 

[chrishemsworth]

Whether you're a first-time buyer, investor or existing homeowner, you need to understand the best locations for your investment, Advisor says. "Buying the smallest house on the best street versus the largest house on a less preferred street will reap big rewards when it comes time to sell." As an investor, a condominium that is near public transit or a university is a good move.

 

[technology11]

The best locations for your investment, Advisor says. "Buying the smallest house on the best street versus the largest house on a less preferred street will reap big rewards

 

[worksmart75]

I agree. Because my husband is a loan officer and he advised the same thing and his clients gained a lot.

 

[Justin Bilyj]

I recommend Dave Horn's courses (he donates the proceeds to charity). He actually has a ton of articles at BiggerPockets Forum (the best real estate forum). He also is a fan of life insurance and was once an agent.
Are you getting into Non Performing Notes or Performing Notes?
1st or 2nd?

Dave also sells reperforming 2nd notes that have a nice return of 10-20%.
Hope this helps!

 

[TerenceBeltran]

Whether you're a first-time buyer, investor or existing homeowner, you need to understand the best locations for your investment

yes, it's true that if you are a beginner or a homeowner then you should have to understand the location for your investment. Here are some steps to take that will help you decide whether you're ready to take the plunge.
1. Check the selling prices of comparable homes in your area.
2. See what you can afford.
3.Find out what your total monthly housing cost would be, including taxes and homeowners insurance.
4. Find out how much you'll likely pay in closing costs.
5.Look at your budget and determine how a house fits into it.
6.Talk to reputable real-estate agents in your area about the real-estate climate.