Updated about 8 years ago on . Most recent reply
Funding For Note Purchases
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
Most Popular Reply
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.