Selling partials with wrap

[Luke Calhoun]

Howdy,

I do owner finance and am dipping my toe in selling off partials, simply to grow the business. My question is, how are investors floating their wrap payment after selling off a partial note? I assumed that most note buyers would have an option to split monthly payments and my half would cover my wrap, however I have yet to find note buyers familiar with a strategy like that. They all want to simply buy a certain number of full payments and then revert them back to me once their duration is fulfilled. Any advice on how others are succeeding at this would be greatly appreciated.

[Jay Hinrichs]

If I was doing that any cash I brought in on the sale of the partial I would use to pay down the underlying wrapped loan.  sounds like a good way to get things kind of buggered up if the deals go south.