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Updated almost 8 years ago on . Most recent reply

User Stats

93
Posts
50
Votes
Jack Gibson
  • Investor
  • Saint Joseph, MI
50
Votes |
93
Posts

Need advice on how to sell mortgage notes

Jack Gibson
  • Investor
  • Saint Joseph, MI
Posted

I'm looking to sell properties I own with the option for seller finance created mortgage notes.  I'd like the option to be able to sell these for cash to other investors, if I need the cash down the line to buy more properties.  If you have experience or expertise in this area and you can advise me on how to structure the notes, what kind of interest rate is appealing to the note buyer investor marketplace, and to see if I'm remotely on the right track in my strategy,  I'd like to pick your brain.  I'm happy to pay for your time, I know time and expertise is valuable.  thanks!

  • Jack Gibson
  • Most Popular Reply

    User Stats

    183
    Posts
    153
    Votes
    Michael P.
    • Real Estate Investor
    • Dallas, TX
    153
    Votes |
    183
    Posts
    Michael P.
    • Real Estate Investor
    • Dallas, TX
    Replied

    @Jack Gibson I used to put my notes up as collateral with a small local bank.  They would usually loan about 80% of the note.  I would free up cash and get to keep the huge % returns the notes paid plus all the back end profit once the owners cashed me out.

    I no longer own any notes, they were an awesome investment though.  Just something to think about other than having to sell the notes to investors at a discount.

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