My company will be buying and selling cash flow notes. The notes will consist mainly of first and second mortgages that are performing and non-performing. My exit strategy is not complicated. If I wait out the foreclosure process or get a deed in lieu of foreclosure. Second position notes I also get the notes re-performing. The first mortgage has to be current. That is the one rule that I have. After a year of performance my goal is to sell them off or keep them for cash flow. For example I can buy one right now at 15% of unpaid principal balance. Once it starts performing again after a a year or so I will sell it off for a one-time cash payout. The same thing
I have spent the last eight months building a network of buyers, sellers, loan service companies. There are some experienced people that I can contact that would properly guide me on how to handle events as they come up. I really want to get started so that I can providea good life for my family.