But as Chris mentioned, buyer has to own the property, not a contract for deed or something like that.

Quote from @Chris Seveney: @Brandon MorganIf the loan is in your name I would not put it in LLC I would just a good insurance policy.

@Chris Seveney @Ken M. got it, thank you both.

Quote from @Chris Clothier: Quote from @Ryan Arth: You’re right.

Quote from @Chris Allen: Quote from @Ken M.: Quote from @Chris Allen: Quote from @Ken M.: Quote from @Chris Allen: Quote from @Ken M.: Quote from @Chris Allen: Long story short, I am in a difficult situation with a property of mine and need to get rid of property.

@Aristotle KumpisI think the short answer is... very difficult.As @Chris Seveney said, is it possible? 

In the meantime I would put the money in a low risk account gaining 4-5% which for $250k would be around $1k/month.Hey Chris - what is driving the sentiment not to buy anything right now?

Quote from @Chris Seveney: Quote from @Anthony Maffei: I purchased a two-family property in 2017 and now have around $500K in positive equity.

Quote from @Chris Seveney: Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

Chris, I can't seem to share a document on here to send you one of mine, but you can copy/paste the following template into a Word Document and create your own.