I am interested in finding out if there are any companies that will service your owner financing notes and also package together the notes in order to make a deal happen. Example: If I have owner financed 3 separate properties with 1st mortgage notes worth 50k each and I want to buy a property worth 125k. Is there a company that will create that new note based off of the 3 current notes at whatever rate I want and whatever terms I want? And I just trade the note for the property evenly.
I don't have an answer to this but it is a very interesting idea. I really like your creativity @Philip Klinck . Hope you find something that works out for you.
No, you need to just sell the notes. Of course, you likely won't get par value for them.
You are speaking of a type of hypothecation that does not take place anymore. As @Wayne Brooks points out, the simple way is to sell your notes to buy another asset.
But if I sell the note I have to pay taxes on the gain and I have to sell them for less. I can get par if I trade them for a house with no gain taxes.