How to find note Buyers - Houston Texas

Question

Hello BP,

I am currently looking to sell several notes from my owner finance deals, they are performing and would like to know which is the best way to sell them.

I have meet several people in local REIAS and would like to know if there are other venues or ways to find the note buyers. I am NOT looking for note brokers, just for the main buyers.

Any suggestions?

Your comments will be appreciated

Hector

Cody L. · Answer

I buy notes all the time.  I used to sell my notes quite often.  So long as it's performing (or there is equity if it isn't), you should be able to get a pretty close to par value.   send me details.

Dana Kelly · Answer

Hey @Hector Perez - I buy performing notes in my IRA. I'd love to see what you have.

Lorenzo Padilla · Answer

I am in the Houston Texas area.

I would like to find serious note buyers

Since I need to sell my note.

Any information will be appreciated.

Krishn JAISWAL · Answer

I am in Albuquerque NM. Willing to buy seasoned note.  If you have any note seller in the area, then let me know.

Mike Springer · Answer

Hi Hector,

I've been a RE investor for a while.  I've sold a few houses using owner financing and I just hold the notes until they pay off.  Now I am looking to buy performing notes in Texas for myself. No brokering.  If you happen to still  be looking for a buyer, please shoot me a message.

Kevin Wood · Answer

I have some notes myself and investors are weary of notes in general.

Scott Carson · Answer

Hi @Hector Perez

You could always try LoanMLS or reach out to your local REIA and try to find an SD IRA investor to buy it or arbitrage you out.

How many months seasoning do you have?  What is the interest rate of the loan.  What is the unpaid balance and what is the value of the property?  These are all things that are important when trying to sell your note.  There is a Houston specific Note Meetup Group (along with Orlando and Portland for others commenting on this post).

Sauviz Tabai · Answer

Hello Hector,

I'm pretty new myself but think I may have the perfect contact for you if you're still in the market.

Hector Perez · Answer

Hello BP, any ideas to find note buyers?

The majority of people that I have talked are brokers looking to get the notes at 50% below face value or more, but I would like to see if someone can provide tips to find the ones who will hold the note for long term.

Thanks for all your help

Hector Perez · Answer

Thanks @Eric Benzenhoefer for the heads up, but the property is sold and I am holding the note, I will find out if they sale notes too