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Updated about 11 years ago, 11/17/2013

John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
Connect
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,550
Votes |
9,365
Posts
Private Lending & Conventional Mortgage Advice

25K Note For Sale: What Would A Typical Offer Be

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted

Hello all:
I have a man holding a note he wishes to sell. It has a face value of 25K at 6% for five years. The payments are about $480 per month and they have made six payments. Note holder wants 21K for the note but I feel that is too high. How much would you seasoned investors pay for this note? What formula would you use to calculate your offer? Thanks!

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