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Updated over 5 years ago,

User Stats

284
Posts
137
Votes
Pat Jackson
Pro Member
  • Rental Property Investor
  • Reno, NV
137
Votes |
284
Posts

A seller-financed note is born....

Pat Jackson
Pro Member
  • Rental Property Investor
  • Reno, NV
Posted

First off, if you have no idea what a note is check this out:  https://www.biggerpockets.com/blog/2015/03/12/introduction-investing-notesbe-bank/

So a note is born, but where does it come from?  Did a stork drop it off?  Did a buyer fall in love with a seller?  Did it spontaneously appear?  It has to originate from somewhere, right?

I'm wanting to originate a few notes on single family homes in Missouri.  I want to have the option of selling all or part of these notes off after they're originated.  I don't know much about Dodd Frank or the Safe Act, and though I'm learning I doubt I'll ever know as much as a loan originator.  So my question is this, if you wanted to create sell able notes on single family homes in Missouri, would you:

  • Do them yourself
  • Have a title company create them?
  • Have a mortgage loan originator create them?
  • Some other option I haven't thought of?
  • Pat Jackson
  • Loading replies...