Sellers usually offload notes for the "Three Ds": They might need cash for a medical emergency, a new investment, or they are simply tired of "clipping coupons" and want to exit the management of the debt. 6. The Risks
In physical real estate, you check the roof. In notes, you check the . buy and sell notes
Buying and selling "notes"—specifically real estate mortgage notes—is the "invisible" side of property investing. While most people focus on the physical structure, note investors focus on the . When you buy a note, you aren’t buying a house; you are buying a legal promise to pay, effectively stepping into the shoes of the bank. Sellers usually offload notes for the "Three Ds":