I have been buying notes for a few years now. I have found great returns on it. I like getting the monthly payments and not having to be a landlord.
As to the programs, I don’t know much about Donna, but I do know that Russ Dalbey you should RUN away from as fast as you can.
He trains people to be “Brokers” and they will try to bring me a note, but there are like 10-11 brokers in the way. They all want ot make 2K, so by the time it gets to the note seller, they don’t accept the deal because it is to little. Not to mention, they really don’t know what a good note is, how to structure a deal, etc.
what’s the idea of buying a note?
is it bringing the payments currents by investor, then the owner deeds the property to investor? but what about the note? is the note discounted by lender?
can anyone clarify the concept behind buying a note and how it works. thanks