Seller Originated Loan Scenario
If a person owns a property outright for say, 100k FMV, could they create a note on this for say 50k @12 % for guaranteed 5 years without prepayment and sale it. Also, is there a way to "wholesale or flip this note" by finding someone who will buy it @ a lower rate and then you keep the difference?
I hope I this makes sense? LOL