The QI who handles the transaction has to accept the note then sell the note on the secondary market which converts the note to cash.

Just do the math to see if it's worth it.

There are great calculators online that do the math for you and show you what your PITI would be and they give you a solid idea of what you can expect your ROI to be.Hope that answers your question.

i gave him all the keys i had.So any advice here would be great, i did the math, and it seems he owes me back around 955, since 90% of the things fall into the wear and tear category, even though he is trying to say they dont.

Scott, Like you I am eager to get into REI but have resisted so far because I cannot make the math work.

In 12months if you choose to sell the note you’re likely to get 90% of upb if theircredit score is strong enough.Do the math, you can rent for $1,000 a month and onlyhave a security deposit and your paying the taxes and you’re doing all therepairs or you can take $30,000 cash down and collect $1,210.71 at 8%interest and the borrower pays the taxes, repairs the house and goes to workevery day to make sure your collecting that payment…..

If you can offers some time or terms before a bank loan then price is secondary to a buyer.2) Condition: If folks are looking but not buying they try to get feedback.

I would spend some time and talk with a couple other agents, ones who have speciality in these types of secondary market policies.

My bad for doing the math with an "all in" number.Now that I know what you paid, the impounds don't sound low at all.

Do the math.