Turning a Note Into Cash – How It Works
Many note holders don’t realize they can sell their notes. Instead of waiting years to collect monthly payments, you can sell your note for a lump sum today.
Buyers get an investment secured by real estate. Sellers get liquidity. Win-win.
Have you (or someone you know) ever sold a note before? I’d love to hear your experience.
Most Popular Reply
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
How would they not know? You get 10+ offers per week every week.
Crap like:
Oh your note is 60% LTV with 3 years of solid payment history at 8% interest?
.
I can offer you 65% of the note’s balance IN CASH!
Have any of these offers ever not been scams? I swear you could say your loan was to the US government and they'd offer you 70% of the balance. Maybe you could start the first company that actually offers 100% of the balance for well secured loans paying high returns. People are putting their money in 4% CDs when there are Notes paying 8-12% interest and the DREAM would be they stopped paying because of the LTV.