What are my notes worth?

[Adam Walter]

I have never purchased a note or sold a note, but I have created quite a few (around 20 or so); most are under 50k. I have taken a few note buying courses and am considering selling a few of them in the next 6 months or so. My question: Is there some standard formula for the value of a note if I am wanting to sell to a retail buyer? What are they best avenues to find a retail buyer? I've found a lot of interested buyers at the local REIA group, but they are wanting bigger yields than I am ready to give up at this time.

I'll give an example of what I am trying to sell. Performing Note, UPB $33,500, 8% interest, 15 yr fixed rate, Owner-occupied, 650 credit score, probably 10k in equity (long term renters, I sold it to them at a discount) seasoned 12 months, $335.00 PI. Ideally would want to sell at a 10% yield.

[Bryan Hartlen]

Pre-COVID, we were selling similar notes on Paperstac at around 12% yield to buyer without any problems.