Elias called her. "Mrs. Gable, that note is a headache. You aren’t getting payments, and you don’t want to foreclose. What if I take it off your hands?" "I just want my $50,000 back," she sighed.
Finding a discounted asset and bringing it to a hungry investor for a fee. how to buy notes with no money
You aren't buying the note; you are buying the contract to buy the note, then selling that contract to someone with cash. Elias called her
The mailbox was full of final notices, but Elias wasn't looking at his own mail. He was looking at a spreadsheet of "zombie" properties—homes where the owners had disappeared, leaving the bank or private lenders holding a piece of paper that wasn't paying a dime. You aren’t getting payments, and you don’t want
Elias didn't have $30,000. He called a local "hard money" investor, Marcus.