# JKP Holdings — Full AI Context # https://jkpholdings.com > Expanded content index for AI crawlers and language model retrieval pipelines. > Compact version: https://jkpholdings.com/llms.txt ## About JKP Holdings JKP Holdings LLC is a real estate note investing company founded by Dave Putz in 2010. We buy performing and non-performing mortgage notes, land contracts, and seller-financed notes across the United States. We also educate investors through free courses, a mastermind community, 1-on-1 consulting, and the Real Estate Notes Show podcast. Dave Putz has 15+ years of note investing experience. He has analyzed tens of thousands of notes and purchased hundreds. He teaches return-based bidding (targeting 65-70% UPB for desired return), not LTV-based formulas. JKP Holdings has been buying and selling mortgage notes since 2010. ## What is Note Investing? Mortgage note investing is the practice of purchasing the written promise to repay a real estate loan — the note itself — rather than the property. As a note investor, you become the lender and collect monthly principal and interest payments from the borrower. Key note types: - Performing notes: Borrower pays on time. Less risk, lower discount. - Non-performing notes (NPNs): Borrower is in default. Higher risk, deeper discount. - First position liens: Senior claim on property — preferred position. - Second position liens: Junior lien — higher risk, higher yield. - Land contracts (contract for deed): Seller retains legal title until loan is paid. - Seller-financed notes: Seller acts as the bank; creates a note at the time of sale. ## Selling a Mortgage Note to JKP Holdings JKP Holdings buys mortgage notes from sellers who want a lump sum instead of waiting for monthly payments. The process: 1. Submit your note details at jkpholdings.com/sell-my-mortgage-note/ 2. Receive a free quote within 48 hours 3. Due diligence period (title search, payment history review, collateral review) 4. Sign the purchase agreement 5. Receive your lump sum at closing — typical timeline 3-4 weeks JKP Holdings buys: performing and non-performing first and second position notes, land contracts, deeds of trust, and seller-financed notes across all 50 states. ## Note Bid Calculation Dave Putz teaches return-based bidding, not LTV-based bidding: - Determine your target yield (e.g. 12% annual return) - Use a financial calculator to discount the note's payment stream to that yield - The result is your maximum purchase price (typically 65-70% of UPB for target returns) - LTV is a rule of thumb for first liens only; CLTV is used for seconds - Never use LTV as a primary bid metric on first liens — use target yield ## Note Partials and Hypothecation Note partial: Selling a specified number of future payments (e.g., next 60 months) while retaining the remaining term. The buyer gets a stream of payments; the seller gets capital now and reclaims the note after the partial period ends. Hypothecation: Using an existing note as collateral to borrow money without selling it. The note holder borrows against the note's value; if they default on the loan, the lender can take the note. The note holder retains ownership during the loan period. ## Recent Articles and Resources ### Complete Guide to Note Investing URL: https://jkpholdings.com/complete-guide-to-note-investing/ Updated: 2026-06-22 What is note investing? A mortgage note is the loan on a property — the IOU a borrower signs promising to repay. When you invest in notes, you buy that loan and become the bank: you don't own the house, you own the debt, and the monthly payments come to you. It's a way to earn real-estate income without being… ### Guide to Buying Note Partials URL: https://jkpholdings.com/guide-to-buying-note-partials/ Updated: 2026-04-08 What is a Note partial? Note Partials A Beginner's Guide to Passive Note Investing Made Easy Note investing can be a great way to invest in real estate without the risks associated with property ownership. One way to invest in notes is through a partial note purchase, also known as a note partial. Note partials can be an especially great… ### Mortgage Note URL: https://jkpholdings.com/mortgage-note/ Updated: 2026-04-08 Mortgage Note: What It Is and How to Invest in it? What is a Mortgage Note? A Mortgage Note, also known as a promissory note, is a legal document that outlines the terms of a loan used to purchase real estate. It serves as a promise from the borrower to repay the lender according to the specified terms.  What is… ### Performing Notes vs. Non-Performing Notes URL: https://jkpholdings.com/performing-notes-vs-non-performing-notes/ Updated: 2026-04-08 Performing vs. Non-Performing Mortgage Notes   With a highly competitive real estate market, and unpredictable stock market, several investors are turning to alternative investments such as note investing. If you’re new to note investing, you may have a ton of questions. Check out our blog post “Mortgage Note Investing 101: Getting Started” to get a basic understanding of mortgage note… ### How Does Owner Financing Work: The Basics URL: https://jkpholdings.com/how-does-owner-financing-work-the-basics/ Updated: 2026-04-08 What Is Owner Financing? Owner financing means that the current property owner puts up part or all of the money required to buy a property. In other words, instead of taking out a mortgage on the property with a bank, or other financial lender, the buyer is borrowing the money directly from the seller. The agreement works itself out in the… ### Difference between First vs Second Position Notes URL: https://jkpholdings.com/difference-between-first-vs-second-position-notes/ Updated: 2026-03-01 First vs Second Position Note Investing First vs Second Lien Notes is one of the most common questions heard when getting started in notes.  But lets back up and explain that note investing. At its core, note investing revolves around the purchase or sale of the financial paperwork (or "notes") linked with a mortgage. It's a departure from the bricks-and-mortar… ### Calculating a Bid URL: https://jkpholdings.com/calculating-a-bid/ Updated: 2026-03-01 Share this Blog How to Calculate a bid for Performing and Non Performing notes? I.  Introduction When it comes to investing in mortgage notes, it's important to have a good understanding of the different types of notes and how to calculate a bid.  We recommend getting a basic understanding of Note Investing if you are new to this investment space. … ### Note Partials vs Note Hypothecation URL: https://jkpholdings.com/note-partials-vs-hypothecation/ Updated: 2026-03-01 Note Partials vs. Note Hypothecation: A Comprehensive Guide In the intricate world of note investing, terms and strategies can often blur, leading to confusion and missed opportunities. Whether you're a seasoned investor or a newcomer trying to find your footing, understanding the landscape is crucial. Two such terms that have gained prominence in the industry are "Note Partials" and "Note… ### What is a Wrap Mortgage URL: https://jkpholdings.com/what-is-a-wrap-mortgage/ Updated: 2026-03-01 What is a Wrap Mortgage Complete Guide to Wrap Mortgage Everything you need to know about Creating or Selling a Wrap Real Estate Notes Over 30 Billion Dollars of Seller Financed Notes were created in 2022! Mortgage (Aka Deed of Trust):  A Legal Security Document that  “secures” a piece of real estate to an obligation to repay money (Promisory Note)… ### Top 10 Note Investor Mistakes URL: https://jkpholdings.com/top-10-note-investor-mistakes/ Updated: 2026-03-01 Note Investor Mistakes Avoiding the biggest Note Investor Mistakes will help you gain the best chance of success when it comes to Note Investing. Here is our top 10 most common mistakes made by Note Investors Avoiding Note Investing Mistakes Note Investor Mistakes #1: Lack of education and researchA common mistake is not taking the time to learn and understand… ## Contact JKP Holdings LLC Website: https://jkpholdings.com Phone: (732) 508-0630 Sell your note: https://jkpholdings.com/sell-my-mortgage-note/ Podcast: https://jkpholdings.com/real-estate-notes-show/ Updated: 2026-09-12.