There are a lot of ways to skin a cat!!!!

The following is a letter that was sent out on a request for proposal on a note sale.

As you can see, there are multiple ways to purchase the note.  When talking to a seller, I try to find out what their needs are and I will send them just ones that will fit what they want.

In each one of these options, my yield is 16%.  This note was on a 40 acre site with a double wide on it.  Seller had one late payment in the previous 93 payments.

You can buy all, part of note and part of the payment, you can buy a predetermined number of payments. And the list goes on!!!!

Mr. SXXXXX JXXXXXX

XXXXXXX, WY

Thursday, March 10, 2016

Dear SXXXXX JXXXXXXXn:

This is our letter of intent to purchase your note and deed of trust or mortgage secured by a property to be identified later.

The current terms of your note are:

Original balance: $85,722.59

Interest rate: 6.25%

Number of payments: 266.76

Current payments: $595.40

Other terms: Amortizing note

Balance before 1/31/2016 : $85,722.59

If the property is in good condition, and appraises for the sale price, we will be able to buy your note. We will pay all closing costs, appraisal costs and incidental expenses. You will receive a net check for the amount below. You can choose the option listed below that most closely meets your needs.

The current balance owed to you is $85,722.59 and you have 266.76 payments remaining.

OPTION 1: We can give you $43,350.70 cash for the entire note.

OPTION 2: We can give you $21,677.42 cash now, plus 266.76 payments of $297.70.

OPTION 3: We can give you $36,984.74 cash now, at the end of 133 payments you will receive the note back with a balance due of $57,256.14.

OPTION 4: We can give you $30,917.34 cash now, at the end of 89 payments you will receive the note back with a balance due of $68,915.40.

OPTION 5: We can give you $26,269.98 cash now, at the end of 67 payments you will receive the note back with a balance due of $73,818.62.

OPTION 6: We can give you $6,352.76 cash now, plus the next 133.76 payments of $595.40

OPTION 7: We can give you $6,562.27 cash each year for the next 22 years.

OPTION 8: We can give you $36,984.74 cash on 6/27/2015 and $36,984.74 on 7/27/2026 for a total of $73,969.47.

OPTION 9: We can give you $30,917.34 cash on 6/27/2015,$30,917.34 on 11/27/2022, and $30,917.34 on 4/27/2030 for the total of $92,752.01.

OPTION 10: We can give you $26,269.98 cash on 6/27/2015, $26,269.98 on 1/27/2021, $26,269.98 on 8/27/2026, and $26,024.85 on 2/27/2032 for the total of $104,834.79.

OPTION 11: We can give you 50 payments of $1,190.80 plus a balloon of $195.01.

OPTION 12: We can give you 30 payments of $1,786.20 plus a balloon of ($852.66).

OPTION 13: We can give you 21 payments of $2,381.60 plus a balloon of ($22.53).

To protect both your interests and ours, the entire transaction will be conducted by a public Escrow Service, though you can sign all documents at an office near your home. All documents will be recorded in the County Recorder's office. Please call me as soon as possible when you have made a decision. I will reserve the funds for you and send you a Purchase Contract.

We look forward to working with you.

Guess which one he took!!

Option 1: