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Updated almost 5 years ago, 12/18/2019
How to sell a note? Paper
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 ?