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Updated 6 days ago on . Most recent reply
Question about selling note
We sold a property owner finance. We took raw land, added utilities and an older fixer upper mobile home. Nothing fancy, but livable. Sold for 80k owner finance at 10% interest over 25 years. Got 4500 down. Do people buy notes like this or does it need to be a really nice home for someone to want to buy the note? How much do people generally pay when they buy the note? We arent interested in selling the note currently but thinking about it for a future investment. It would be another fixer upper for sale.