Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
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 ?