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Updated over 9 years ago on . Most recent reply

User Stats

29
Posts
9
Votes
Chris Stone
  • Investor
  • Albuquerque, NM
9
Votes |
29
Posts

Sell My Note

Chris Stone
  • Investor
  • Albuquerque, NM
Posted

We sold a rental a few months ago on an REC. The buyer paid $200,000 with 50% down. He will pay 6% interest only with quarterly payments. The $100,000 note comes due September of next year. 

The home is an "Oxford House" a group home leased in the name of the organization. They stay for years and always pay the rent on time. I believe the rent is now 1600-1700 a month.

This is my first REC and I'm thinking of selling the note. Are there companies that handle this? What would the note be worth? 

MODERATOR:  THIS IS NOT AN OFFER TO SELL THIS NOTE.  NO DEALMAKING IN THIS THREAD, PLEASE.

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