What Are The Risks of Note Buying in Phoenix?
If you’re thinking about buying notes, you probably arrived on this article because you are doing your due diligence and you want to know what are the risks of note buying in Phoenix to help you determine whether or not to invest in them. That’s a smart decision to perform due diligence before doing ANY investing, so we’ll answer your question, “What are the risks of note buying in Phoenix?” here. Notes May Be Non-Performing… But Is That Such A Bad Thing? Notes are like mortgages. When you buy cash flowing notes, you’re buying the possibility that the homeowner will continue to pay their “mortgage” payments. While many do (these are called “performing notes”), not all notes are performing. Some start out as performing notes and then become non-performing – that is, the homeowner chooses to no longer pay. The good news is : there are a few ways you can deal with this risk! First, you can work with the owner to get them to pay. Or, you can sell the non-performing note t