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Updated about 7 years ago on . Most recent reply

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Bob Jones
  • Baltimore, MD
4
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23
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Newbie question about notes.

Bob Jones
  • Baltimore, MD
Posted

Let's say I have a $20,000 note. I want two $10,000 notes. How do I get that? 

I know a little about buying discounted notes. How difficult is it to sell a note for two smaller notes that total the full price? Can you split a note? What's the best way for me to end up with two notes worth $10,000? 

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Chris Seveney
  • Investor
  • Virginia
15,864
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

Bob Jones
You can sell a partial of a note. If you wish to split a note you would have to break it up so one gets the first x payments and another gets the last y payments

It depends on what your trying to do. I do not see how you could split a $20k note and sell it as 2-10k notes - if you were to keep a portion of the note then you have some scenarios

We would definitely need more info to answer properly

  • Chris Seveney
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