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.

"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'." how to buy notes with no money

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. You aren't buying the note; you are buying

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. Give me $35,000

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 didn't have $30,000. He called a local "hard money" investor, Marcus.

Buying notes (specifically real estate promissory notes) with no money down is a classic "creative finance" strategy. It relies on finding a problem to solve rather than just a price to pay.