I know of some people who make money buying notes. How do you buy notes? I kind of get a slight idea how to make money investing in notes, which to me sound like assigning a loan to someone else and that person is the one who will now be collecting payments from that loan. I just want to know where do you get the money to buy these notes.
Buy Low, Sell High, Keep the Spread! GR
But what I am saying is where do you get the money to beign with to even start buying these notes and where would you find people who sell these notes? Like if you were to find someone selling notes, how would you negotiate a low price to buy these notes and who are you selling too?
Where do you get the money to beign with to even start buying these notes: A JOB!
When you have the money saved to buy these notes the place to find sellers will be revealed!
When the student is ready, the method shall be revealed!
When you have the money, the sellers and the method is revealed then the buyer will show up to the party!
Tbodley there is enough information within this forum to select one real estate investment strategy and stick to it until you master it! Your questions are all over this board and were trying to help but realistically you have no opportunity for success because you keep skipping all over the place! Select one method and read everything you can before you post anything and stick to it for a few years until your competent in that real estate investing method!
Then you can go to the next method, spend a few years learning and knowing it and move on!
"Your questions are all over this board and were trying to help but realistically you have no opportunity for success because you keep skipping all over the place! " I know right? Sorry Gold. I’m like a kid in a candy store when it comes to real estate investing. I keep looking for a real estate investing niche that will fit me just right. And since there are so many ways to make money in real estate, I find myself bouncing all over the place until I find that one strategy that I can settle down with for good. I mean that seriously. FOR GOOD!!!
TBodley, from what you have said over the last few months, it sounds like you need to find a way to invest with very little capital, so wholesaling birddogging is what has beem recommended several times to you.
I know you started out and got discouraged or had problems, but with limited funds there just aren’t that many options,there are lease options, but I think to get you more ‘rounded’ in real estate bird dogging or wholesaling would be a great first step for you,you can make some capital which will open you up to flipping, and with proceeds from flipping you could potentially start buying and holding.
Everyone wishes you the best of luck,just find a plan that you can actually do with your resources, and stick with that plan, no matter how discouraging it can be at times,
a house I bought earlier this year was a short sale, I would hate to tell you how many times I considered just giving up on the deal,more and more problems came up,but after 4 or 5 months I got the deal done,then the rehab had problems,but in the long run that particular house cash flows about $450 a month, and that I have about $40k in equity in (above what I hav spent on the deal),persistance pays off
I appreciate your best wishes Andy. I want to succeed some day. I admit when yall said real estate investing was not easy, you all weren’t kidding. This business does have lots of downs to it. I am working on ways to build a buyers list. That is going to take a lot of time building that list up at the rate I am going. My main goal is to find something that will give me cashflow every month. That will be a huge relief because that money can be used to pay off my monthly debts as opposed to having to work another day job to pay off those debts. Once I get to the point where I am making more income from cashflow to pay off all my debts then I am in a good place in this business. I am still working at wholesaling too. I get sidetracked from time to time moving too quick into other real estate ventures.
You get the money for investing in notes same as a deal. Private or hard money lenders best thing you can do is build your own relationships with lenders.