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Updated almost 4 years ago on .

User Stats

40
Posts
18
Votes
Robert Clifford
Pro Member
  • Rental Property Investor
  • Greenville, SC
18
Votes |
40
Posts

Leverage a Note for Down Payment

Robert Clifford
Pro Member
  • Rental Property Investor
  • Greenville, SC
Posted

I'm under contract on an operating business with real estate.  I have some rental properties that I'm considering selling and got an offer today for a "Subject To" sale, where they'd give me about $120k over the mortgage balance - in 60 months.  I'm wondering how/if I can use this note as collateral for the upcoming operating business purchase.  I'm going to look into selling the note as well but thought I'd start with having my cake and eating it too.  If you have experience with this, please let me know.

  • Robert Clifford