We understand that this loan will remain in our name and may continue to appear on our credit reports.Buyer agrees to make monthly payments not to exceed $ _________ per month until the loan is paid in full.The property described above shall be the sole security of this debt, and in no instance shall the Seller look to collateral or security beyond the property to recover damages.

Feel free to recommend lenders you have had great experiences with funding investment purchases with property as collateral.

But...they will still require assets as collateral to back their line of credit to you.

There are plenty of notes in every city and for any newbie it's best to be able to reach out and touch your collateral and borrower.

So even though I have an interest in the property and I will be receiving the cash flow; because I don't own it outright it's not considered for collateral?

Stranger things have happened from court proceedings even though all laws have been followed.In the meantime, there is no reason not to use those funds, as collateral, for some kind of line of credit to help with other financial purchases or needs.DO NOT use the funds to repay loans or in any way except for collateral security.

I don't have any skin to put into the game at this point, and have no real collateral either.

The SAFE Act covers mortgages and installment contracts where a collateral interest is secured by a single family dwelling (1-4 family residence).

Which methods are more practical/viable for beginners, which are typically only available to investors with sizeable portfolios to put up as collateral, what are the prerequisites for each option.

@Cody Hannum - the attorney for the bank just wants to see that the bank gets paid, with a last resort of seizing the real estate that served as collateral.