How To Buy Notes With No Money -
Asking the note holder to "carry the paper" while you work to resolve the property's issues.
Elias walked away with $5,000. He had "bought" the note and sold his interest in it without ever touching his own bank account. He took his $5,000, went back to his spreadsheet, and looked for the next zombie. Key Takeaways for Your Draft how to buy notes with no money
"I can't give you $50,000 today," Elias said honestly. "But I can give you a " The Structure Asking the note holder to "carry the paper"
Here is a story illustrating how it works through and Owner Financing . The Note Hunter He took his $5,000, went back to his
Elias didn't have $30,000. He called a local "hard money" investor, Marcus.
Marcus saw the math. He paid the $30,000 directly to Mrs. Gable. She was thrilled to be rid of the stress. Marcus got a high-yield asset for 60 cents on the dollar.
"Marcus, I have a $50,000 note on a property worth $100,000. I have it under contract for $30,000. Give me $35,000. You get a secured note at a massive discount, and I keep $5,000 as a 'finder’s fee'."
