Also called: Distressed Note Buyer, Real Estate Note Investor
Buys home loans from banks, often ones where borrowers stopped paying, and works out new payment plans or takes the house.
A bank sells you a pool of 20 loans where borrowers stopped paying, at 50 cents on the dollar. You call each borrower to work out a new plan, because a paying loan is worth more than a foreclosure. Some families start paying again; a few houses go to foreclosure and you resell them.
Depends heavily on capital invested.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
Bachelor's degree (4-year), about 4 years after high school. Bachelor's in finance or real estate helps; many are self-taught investors.
Ways in: 4-year college, Self-taught, On-the-job training. Training cost: $15k – $60k.
Majors to look at: Finance, Real Estate, Economics.
Growing about average. More bad loans for sale when the economy weakens.
Medium risk for 10 years. Data tools price loan pools; working out deals with borrowers and legal steps stay human.
Classes: Personal finance, Economics, Algebra II.
Official data: O*NET occupation 13-2051.
Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.