Updated over 10 years ago on . Most recent reply
Sell My Note
We sold a rental a few months ago on an REC. The buyer paid $200,000 with 50% down. He will pay 6% interest only with quarterly payments. The $100,000 note comes due September of next year.
The home is an "Oxford House" a group home leased in the name of the organization. They stay for years and always pay the rent on time. I believe the rent is now 1600-1700 a month.
This is my first REC and I'm thinking of selling the note. Are there companies that handle this? What would the note be worth?
MODERATOR: THIS IS NOT AN OFFER TO SELL THIS NOTE. NO DEALMAKING IN THIS THREAD, PLEASE.