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Updated over 10 years ago on . Most recent reply

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Shera Gregory
  • Investor
  • Richmond, VA
191
Votes |
347
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Looking for a company to manage the payments when I offer seller financing

Shera Gregory
  • Investor
  • Richmond, VA
Posted

I am in the process of using seller financing to sell a house. At some point I may want to sell that note to get at least some of the cash out of the deal. I heard that it would be easier to sell the note if it has been administered from the beginning by a third party. Does anyone have experience with this? Do you agree with that point? If so, any recommendations on companies I can contact who would collect the payments on my behalf? This is in an IRA LLC by the way. Another reason to want to be more hands-off.

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Micki M.
  • Flipper/Rehabber
  • York, UK
453
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895
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Micki M.
  • Flipper/Rehabber
  • York, UK
Replied

I use FCI for my note servicing. I would imagine they could help you too.  I would recommend hiring a third party not only for resale but to ensure you keep compliant with regulations. http://www.trustfci.com/

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