Business Idea - Convert Rental Properties to Originated Notes

[Kevin Hoodwin]

Howdy all,

My most recent deal was a home run mortgage note origination. We were able to produce a high ROI! I learned that I really enjoy originating notes and thought my services could prove profitable to other investors.

I would like to start a full-service business where I help landlords convert their rental properties into low-effort and profitable notes. My company would essentially do everything for the landlord: paperwork, finding the buyer, rigorously vetting the buyer, payment setup, delinquency protection, and anything else that comes with owner financing. Owner financing is very work front-loaded, so we would be doing all the hard work for the landlord. This is a business model that I could very easily and quickly set up and get running.

Despite the upsides of conventional rental property investing, there are several massive advantages of converting rental properties to notes.

I'd like to know if this is something y'all think I could pursue with my company? Does anyone know a landlord that would convert their property to an originated notes? Would this be a viable business model?

What do y'all think?

Best regards,

Kevin