Notes in Georgia · Real Estate Note Investors

Mar 3 (edited) • General 🌐

Notes in Georgia

Hi Team!

I'm following up on the success story I shared on the MNM call Monday. I started a post series on LinkedIn that goes over the nuances of buying notes in Georgia. It's a highly attractive state because:

It's non-judicial: after 120+ days late, foreclosure happens in 4 to 12 weeks because there is no court involvement. That means borrowers are motivated to do workouts.
It's a stable market: Georgia ranks 13 in terms of the fastest growing states; home prices are still about $100,000 less than the national average and the housing market (currently) remains steady.
It's a strong economy: diversification in employment is a strong indicator of a borrower ability to repay.

The catch? You must be licensed to buy, sell, or service a note - that includes negotiating terms or accepting payments from borrowers. The exemption is that you can buy up to 5 notes a year as a "natural person" - but you cannot service your own loans. That said, there is a workaround!

Read the post series: Roslind Blackmon Ray, MBA, LE or DM if you'd like to know more about the workaround.

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