How to sell a note? Paper

[Dustin Mathenia]

So I want to start creating my own notes. I have a plan to buy a sfr maybe fix a little and sell with seller financing. An example note would look like this:

90k note 20year term with 9.25%

Home value 110k

Seasoned for 12 months

Note will be professionally managed by 3rd party

Note created with proffesional RMLO

So what should I expect when selling this kind of note ?

Where would I start looking for note buyers ?

Or could I take this note to a bank as collateral for a loan to pay myself or private lender back ?

[Chris Seveney]

@Dustin Mathenia

1. Depends on the state

2. Most note buyers look for 12% yield. Having it amortizatized over 20 years will hurt you when selling. You would be looking at 20-30% discount on the note potentially.