# Where to buy and sell real estate notes? **URL:** \ **Category:** Notes, Tax Liens, Paper Assets\ **Created:** [October 31, 2020, 2:03am UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180 "2020-10-31T02:03:23Z")\ **Posts on this page:** 12\ **Page:** 1
**Author:** ![seanjean](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/seanjean/32/3366_2.png) [@seanjean](https://forum.retipster.com/u/seanjean)\ **Post date:** [October 31, 2020, 2:03am UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/1 "2020-10-31T02:03:23Z")
Is there some kind of centralized online marketplace where investors can go to buy and sell real estate notes? I’m envisioning something like eBay or Craigslist, but only for notes. There must be something like this out there, right? ---
**Author:** ![dl7573](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/dl7573/32/2444_2.png) [@dl7573](https://forum.retipster.com/u/dl7573)\ **Post date:** [November 1, 2020, 5:44am UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/2 "2020-11-01T05:44:45Z")
@seanjean, yes, there are a few of these, like NotesDirect and Paperstac. FCI used to have a notes marketplace that I personally liked the structure of, because much like eBay it was third party sellers, and they had note listings with "Buy It Now" prices and the ability to make an offer to the seller for some lower price; but they abruptly shut it down a year or two ago. I am by no means an expert on notes, but in my limited experience I have consistently found it very difficult to find deals with numbers that make sense to me on any of the public marketplaces that I've come across. To me, it feels very similar to trying to find good deals on properties on the MLS in a hot market. Sure, they probably come up from time to time, but you better know what you're looking for and be ready to jump on them fast when they do; and the truly successful investors are finding ways to generate off-market deals -- which in the case of notes can mean approaching lenders directly to buy their non-performing notes, or networking with the more experienced investors who do so, and picking through their leftovers. I've heard it said by others more experienced in notes than I am that the marketplaces are where the leftover notes end up after 3 or 4 iterations of investors have cherry picked all the good notes from a lender's list of assets. I imagine that's not universally true, but probably has some degree of validity to it. ---
**Author:** ![dl7573](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/dl7573/32/2444_2.png) [@dl7573](https://forum.retipster.com/u/dl7573)\ **Post date:** [November 2, 2020, 4:13am UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/3 "2020-11-02T04:13:06Z")
@seanjean, I was just looking at Paperstac for the first time in quite a while earlier this evening, and I see their listings are by third parties and some say "Or Best Offer" next to the pricing, like FCI used to do. Might be worth checking out for someone who's looking to find a great price from a motivated seller, but given that the sellers could be just about anybody on a platform like that, due diligence before closing a purchase would be as crucial as ever, I think. ---
**Author:** ![retipsterseth](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/retipsterseth/32/2538_2.png) [@retipsterseth](https://forum.retipster.com/u/retipsterseth)\ **Post date:** [November 3, 2020, 3:49pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/4 "2020-11-03T15:49:06Z")
It looks like our podcast interview with the co-founder of Paperstac came out just in time. :) Be sure to catch it here if you're looking for more insights on how the website works: [REtipster.com/88](https://retipster.com/88) ---
**Author:** ![dl7573](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/dl7573/32/2444_2.png) [@dl7573](https://forum.retipster.com/u/dl7573)\ **Post date:** [November 3, 2020, 6:10pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/5 "2020-11-03T18:10:35Z")
@retipsterseth, I know! Just got done listening to that episode and laughed to myself, at the timing. I thought it was great that Brett came on the show, and like I posted yesterday, before I knew this podcast episode existed, Paperstac really does appear to have come a long way in the couple of years since I last looked at it. And I don't remember if it was you or @Jarenb who might have said it on the show, but a platform like that could be really good for a land investor who wanted to cash out some of his owner-financing deals for whatever reason. It strikes me that, if and when we're at a point in the market cycle where _buying_ notes might not be as attractive because the demand for **_relatively_** safe returns is so strong that people are paying top dollar, and driving the effective yield down, that would obviously be a great time for someone to _sell_ a note. I imagine that the (presumably) relatively high rates that many land investors have on their owner-finance deals could make their notes worth a good amount in today's relatively low-yield environment. Also, I haven't poked around on Paperstac enough to see if their platform deals with these, and I don't claim to fully understand all of the details on how they work yet myself either, but I know that buying/selling note partials is a thing that people will sometimes do, too. So for example, maybe someone would sell the next X months of payments on their note, but retain all of the remaining payments after X. I really am starting to think about what a handy tool in the box selling notes might be for an investor that's trying to manage their capital position. ---
**Author:** ![Geoffrey](https://avatars.discourse-cdn.com/v4/letter/g/bc8723/32.png) [@Geoffrey](https://forum.retipster.com/u/Geoffrey)\ **Post date:** [November 6, 2020, 4:27pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/6 "2020-11-06T16:27:05Z")
I sold a package of four vacant lot notes on Paperstac last year. Pretty painless and well choreographed. ---
**Author:** ![robbiemax](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/robbiemax/32/1784_2.png) [@robbiemax](https://forum.retipster.com/u/robbiemax)\ **Post date:** [November 15, 2021, 3:25pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/7 "2021-11-15T15:25:21Z")
@seanjean I know I’m a year late on this but wanted to add to the conversation on where to buy notes, here are 20 sources (including a few that have already been mentioned here): **Private Sellers** US MORTGAGE RESOLUTION TRUST FREDDIE MAC STANDARD POOL OFFERING PPR NOTE CO PAPER ASSETS CAPITAL FUSION NOTES EQUITY FIRST FUNDING NOTEOLOGY **Note Brokers** MISSION CAPITAL ADVISORS MOUNTAINVIEW FINANCIAL SERVICES (SITUSAMC) FIRST FINANCIAL NETWORK RINCON ADVISORY MORTGAGE SERVICES (RAMS MORTGAGE CAPITAL) SN TRADING **Exchange Marketplaces** PAPERSTAC DEBEXPERT NOTES DIRECT LOAN MLS NOTE TRADER EXCHANGE WATERMARK EXCHANGE CREXI TEN-X Source (with links & additional details): [WHERE TO BUY MORTGAGE NOTES | **FIX** notes](https://fixnotes.com/where-to-buy-mortgage-notes-for-sale/) The link above also includes 5 strategies to develop your own sources of notes for sale - hope this helps if you’re still in the market to invest in real estate notes! ---
**Author:** ![Sean\_Markey](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/sean_markey/32/1973_2.png) [@Sean\_Markey](https://forum.retipster.com/u/Sean_Markey)\ **Post date:** [December 4, 2021, 2:05am UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/8 "2021-12-04T02:05:48Z")
@robbiemax Thanks Robbie - I’m also a year late but I appreciate the info you have provided. Sean (a different Sean) ---
**Author:** ![Brett\_Anderson](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/brett_anderson/32/5211_2.png) [@Brett\_Anderson](https://forum.retipster.com/u/Brett_Anderson)\ **Post date:** [April 25, 2025, 6:03pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/9 "2025-04-25T18:03:44Z")
I would love to add my site to the list of mortgage note buyers. I run We Buy Notes Lansing, a note buying and selling company based in Lansing, MI. I can often offer a higher yield than the big players (because I’m a small family owned business). I make fair offers and get you the cash you need fast. My site webuynoteslansing.com is dedicated solely to buying and selling mortgage notes is WeBuyNotesLansing.com ---
**Author:** ![charlotteirwin](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/charlotteirwin/32/5205_2.png) [@charlotteirwin](https://forum.retipster.com/u/charlotteirwin)\ **Post date:** [April 25, 2025, 10:11pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/10 "2025-04-25T22:11:43Z")
@Brett_Anderson do you buy notes for houses or land or both? What’s your buy box? Loan amount, asset type, geographic area, LTV? ---
**Author:** ![swissetasuperclone](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.retipster.com/swissetasuperclone/32/5216_2.png) [@swissetasuperclone](https://forum.retipster.com/u/swissetasuperclone)\ **Post date:** [April 30, 2025, 12:21pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/11 "2025-04-30T12:21:21Z")
If you’re looking to buy or sell real estate notes, I’d recommend checking out platforms like Paperstac or LoanMLS both offer a safe environment for verified transactions. For institutional or higher-volume deals, FNAC and Amerinote Xchange are great options too. Also, don’t overlook networking on BiggerPockets or LinkedIn note investor groups – I’ve personally come across solid off-market deals that way. And if you’re also into diversifying beyond real estate, check out quality alternative assets like super clone Rolex watches just like notes, it’s all about buying the right product from the right source. ---
**Author:** ![Dputz](https://avatars.discourse-cdn.com/v4/letter/d/46a35a/32.png) [@Dputz](https://forum.retipster.com/u/Dputz)\ **Post date:** [May 17, 2025, 1:06pm UTC](https://forum.retipster.com/t/where-to-buy-and-sell-real-estate-notes/1180/12 "2025-05-17T13:06:54Z")
I am surprised by the list of places to buy notes and JKP was not included. Jkpholdings. com/nda-request