How To Buy Notes With No Money 〈DIRECT - 2025〉

Elias called her. "Mrs. Gable, that note is a headache. You aren’t getting payments, and you don’t want to foreclose. What if I take it off your hands?" "I just want my $50,000 back," she sighed.

Elias didn't have $30,000. He called a local "hard money" investor, Marcus. how to buy notes with no money

You aren't buying the note; you are buying the contract to buy the note, then selling that contract to someone with cash. Elias called her

Elias drafted a simple agreement. He didn't buy the note with cash. Instead, he used a or Wholesale strategy: You aren’t getting payments, and you don’t want

"Marcus, I have a $50,000 note on a property worth $100,000. I have it under contract for $30,000. Give me $35,000. You get a secured note at a massive discount, and I keep $5,000 as a 'finder’s fee'."

He secured an option to buy her note for $30,000 (a discount, since it was non-performing). He gave her $10—literally a ten-dollar bill—as "earnest money" to make the contract legal.

Elias had exactly $42 in his bank account. To buy a note, he didn't need cash; he needed a and a wealthy partner .