: Ensure the property is worth more than the loan balance.
: Notes are often sold at a discount (e.g., paying $35,000 for a $40,000 balance), which instantly creates equity and increases your yield. how to buy notes and mortgages
: Use online marketplaces like Paperstac or Note Trader, or contact banks and credit unions directly to find "off-market" assets. : Ensure the property is worth more than the loan balance
: Check for superior liens (like unpaid taxes) that could wipe out your interest. 000 for a $40
: Review at least 12–24 months of payment history.