05/28/2026
Note Purchases: Performing & Non-Performing
Owner-financed paper is one of the most overlooked illiquid assets in real estate. A seller carries back a note to close a deal, then a year later realizes the monthly check — useful as it is — doesn't help with the down payment on the next acquisition, the kid's tuition, or a tax bill. Note purchasing is the market that turns that paper back into capital.
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