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.
Asking the note holder to "carry the paper" while you work to resolve the property's issues. how to buy notes with no money
Elias drafted a simple agreement. He didn't buy the note with cash. Instead, he used a or Wholesale strategy: He secured an option to buy her note
Finding a discounted asset and bringing it to a hungry investor for a fee. 000 (a discount