Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

25
Posts
4
Votes
Olutomi Odukoya
4
Votes |
25
Posts

Is it Possible to Get a Loan on a seller-Financed Note

Olutomi Odukoya
Posted

I seller-financed a house to a buyer. The note is for $135,000 amoritized over 30 years at 7% interest. The note originated on 1/1/2022. Buyer has made every payment. The house is now conservatively worth 142,000. Is it possible for me to get a loan on the note? I had some company offer to pay me $103,000 for the note last week. I'd rather a loan against the note to buy another property that I estimate to have a great return. The buyer is dear to me, so I don't want to sell the note and risk a stringent new person foreclosing on her. I live in San Antonio, Texas if that matters. If possible, how much do you think I could get a loan against the loan for? Which companies should I reach out to??

  • Olutomi Odukoya
  • Loading replies...