In the previous TAKE NOTE!, I talked about how you can use defaulted notes as a backdoor to acquiring properties at steep discounts.
As a follow up, I’d like to show you a comparison between seller-financed and non-performing note deals. I have successful students who practice either or both, so don’t feel like you’re missing out if you already prefer one approach over the other. And if you’re new to notes, rest assured that you can have a strong start either way!
Here’s the gist: If you’re new to real estate, seller-carrybacks are much easier and much less risky than non-performing notes, and I’d suggest starting with those seller-financed notes before moving into NPNs. If you’re an experienced real estate investor, then either should be a great place to start.