My first note buy and I'm nervous. - Posted by Darci


#1

Posted by Marvin Seawood on January 06, 1999 at 22:24:29:

…because you have said two different things in two
different posts.

Hello Darci,

The good news is that you’ve done the difficult part.
The better news is that all you have to do now is take
your agreements to someone (friendly and helpful) who
handles real estate transaction closings in your area.

My guess is that you are collecting a fee from your
friend. Pam’s inquiry is the same as I might have made;
(Out Of Curiosity) If your are buying the cashflow and
letting your friend finance the purchase - much better scenario - what plans do you have to improve the note?

Marvin


#2

My first note buy and I’m nervous. - Posted by Darci

Posted by Darci on January 05, 1999 at 17:50:39:

I’m buying part of a note that has been seasoned. I don’t know what paperwork I need or how the transfer works. I’ve read countless articles and books on strategy in buying notes but noone discussed what happens at the actual buy. Any input anyone could give would be greatly appreciated.


#3

Re: My first note buy and I’m nervous. - Posted by Pam

Posted by Pam on January 05, 1999 at 21:10:18:

What do you plan to do with the note now that you have it?


#4

Re: My first note buy and I’m nervous. - Posted by Darci

Posted by Darci on January 06, 1999 at 09:29:14:

I’m arranging the purchase for a friend who wants to hold it long term. I don’t know how this information will help you determine what I need to do to buy it but I hope it helps. Any input you have would be helpful.