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Updated over 7 years ago on . Most recent reply

User Stats

30
Posts
3
Votes
Clyde Myers Jr
  • Investor
  • Conroe/Willis Houston Metro, TX
3
Votes |
30
Posts

performing note question/evaluation

Clyde Myers Jr
  • Investor
  • Conroe/Willis Houston Metro, TX
Posted

Currently sitting on a fairly big multi-property note with an underlying loan.  I want to simply cash out my equity and so my question is why can I not take my equity portion payoff from the buyer and keep my underlying loan?  It will save my buyer hundreds of thousands over the life of the loan.  I'm considering this because I'm tired of "tire kicking" note brokers.  I want my equity so as to build my commercial building.  Thanks 

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