Funding For Note Purchases

[Gilbert Ross Jr]

Would anyone have information on where to find a funding source for note purchases? I have inventory to buy but I can't fund every purchase with my own money. Does anyone have sources that fund note purchases? Please Help!!!

Gilbert Ross

[Tracy Z. Rewey]

Originally posted by @Gilbert Ross Jr:

Would anyone have information on where to find a funding source for note purchases? I have inventory to buy but I can't fund every purchase with my own money. Does anyone have sources that fund note purchases? Please Help!!!

Gilbert Ross

You have a couple of options:

1) Refer the note to an investor and earn a fee at closing.

2) Sell the note to an investor and keep some of the payments on the tail-end (aka partial purchase).

3) Hypothecate the note - which is a fancy term for using the note as collateral for a loan.

4) Use lines of credit - either unsecured or secured (by the notes or real estate assets).

5) Joint Venture with someone.

6) Tap into self-directed IRA funds.

There are lots of sources out there through networking, researching, and directories. As mentioned by @Dion DePaoli it would be easier to give specifics in a marketplace posting.