Feb 24 (edited) • General 🌐
My First Note !
Just got my first note and wanted to share the numbers.
• 3 bed, 2 bath single-family home in Michigan
• Owner-occupied, performing mortgage
• Unpaid balance: $95k, purchased the note for $60k
• Interest rate: 8% ~$695/month in cash flow
• I was able to acquire it by leveraging my credit and some private funding
• Now comes the fun part… getting it fixed up! 😅
Curious, would you have jumped on a deal like this or waited for foreclosure?
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My First Note !
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