House Flipping and Mortgage Note Buyers
I get a good many calls from people wanting to sell a note on a property they are flipping. Unfortunately, we as is the case with most note buyers shy away from these transactions. The reason for this is most flipped transactions today show a huge profit making the value of the property questionable. From an investor’s view point, how can a house purchased for say $40,000 and $12,000 of improvements suddenly be worth $100,000 or more. No offense to those hardy entrepreneurial flippers but those kinds of value jumps just scare a mortgage buyer.