4 ms·I mean the purchase price was 60% of the loan balance (a 40% discount). I bought it with cash.by cko 11y agoI mean the purchase price was 60% of the loan balance (a 40% discount). I bought it with cash.charlesdm 11y agoThat sounds like a good deal !cko 11y agoYeah it was a "rehabbed" note. It was previously non-performing and so it's probably subprime. If you're curious check out pprnoteco.comcharlesdm 11y agoIf it was non-performing, how did you convince the buyer to start paying down the debt again?cko 11y agoI didn't do the negotiations, I bought it from a fund that handled that - new terms, new rate, etc. I'm not that savvy myself :)