Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

284
Posts
137
Votes
Pat Jackson
  • Rental Property Investor
  • Reno, NV
137
Votes |
284
Posts

A seller-financed note is born....

Pat Jackson
  • Rental Property Investor
  • Reno, NV
Posted

First off, if you have no idea what a note is check this out:  https://www.biggerpockets.com/blog/2015/03/12/introduction-investing-notesbe-bank/

So a note is born, but where does it come from?  Did a stork drop it off?  Did a buyer fall in love with a seller?  Did it spontaneously appear?  It has to originate from somewhere, right?

I'm wanting to originate a few notes on single family homes in Missouri.  I want to have the option of selling all or part of these notes off after they're originated.  I don't know much about Dodd Frank or the Safe Act, and though I'm learning I doubt I'll ever know as much as a loan originator.  So my question is this, if you wanted to create sell able notes on single family homes in Missouri, would you:

  • Do them yourself
  • Have a title company create them?
  • Have a mortgage loan originator create them?
  • Some other option I haven't thought of?
  • Pat Jackson
  • Loading replies...