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Updated almost 6 years ago,
What is this note worth and how to sell it?
Hi All,
I am in the process of selling a property where I will be holding the note for 280k (15yr term, 10%, 5yr balloon). The property is worth 380k and I am getting 100k down from buyer. 10% return is nice on the 280k but I'd like to have a way to liquidate that note for another purchase if needed.
What would this note be worth? How to go about selling it?