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Updated about 9 years ago on . Most recent reply

User Stats

83
Posts
41
Votes
Philip Klinck
  • Specialist
  • Greenville, SC
41
Votes |
83
Posts

Mortgage Servicer that will package loans in order to trade with

Philip Klinck
  • Specialist
  • Greenville, SC
Posted

I am interested in finding out if there are any companies that will service your owner financing notes and also package together the notes in order to make a deal happen. Example: If I have owner financed 3 separate properties with 1st mortgage notes worth 50k each and I want to buy a property worth 125k. Is there a company that will create that new note based off of the 3 current notes at whatever rate I want and whatever terms I want? And I just trade the note for the property evenly. 

Most Popular Reply

User Stats

83
Posts
41
Votes
Philip Klinck
  • Specialist
  • Greenville, SC
41
Votes |
83
Posts
Philip Klinck
  • Specialist
  • Greenville, SC
Replied

But if I sell the note I have to pay taxes on the gain and I have to sell them for less. I can get par if I trade them for a house with no gain taxes. 

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