Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
A seller-financed note is born....
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?