Buy Notes With No Money | How To

Elias had exactly $42 in his bank account. To buy a note, he didn't need cash; he needed a and a wealthy partner .

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. how to buy notes with no money

"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'." Elias had exactly $42 in his bank account

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. He was looking at a spreadsheet of "zombie"

"I can't give you $50,000 today," Elias said honestly. "But I can give you a " The Structure

He found a private investor, Mrs. Gable, who had lent $50,000 to a fix-and-flip artist three years ago. The flipper had vanished, the house was rotting, and Mrs. Gable was tired of the taxes. She held a "performing note" that had gone "non-performing."

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.