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Looking for new strategies to help you increase your investment income? Buying a non-performing note (NPN) from a lender is one way that savvy investors acquire properties.
Owners of NPNs have several options available to them including working out an arrangement with the borrower to receive payments, collecting the remaining payments in full, or taking possession of the property. Most investors who purchase NPNs stick with their preferred investment strategy, whether that is flipping the property or keeping it as a rental with the current occupant or another tenant.
Buying an NPN, especially for the first time, can feel overwhelming. Here are our top five factors to consider when buying an NPN: