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Updated almost 10 years ago,

Bret N.'s profile image
Bret N.'s profile image
Bret N.
  • Real Estate Broker
  • from Woodbridge, VA
  • Member since Feb 25, 2013
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User Stats

179
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33
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Bret N.'s profile image
Bret N.'s profile image
Bret N.
  • Real Estate Broker
  • from Woodbridge, VA
  • Member since Feb 25, 2013
Connect
Bret N.
  • Real Estate Broker
  • Woodbridge, VA
33
Votes |
179
Posts
Tax Liens & Mortgage Notes

Seller Originated Loan Scenario

Bret N.
  • Real Estate Broker
  • Woodbridge, VA
Posted

If a person owns a property outright for say, 100k FMV, could they create a note on this for say 50k @12 % for guaranteed 5 years without prepayment and sale it. Also, is there a way to "wholesale or flip this note" by finding someone who will buy it @ a lower rate and then you keep the difference?

I hope I this makes sense? LOL

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