Selling Performing Notes
I am considering selling a property to a private individual with owner financing. My father and I have held mortgages on properties before, but never thought about selling the mortgage to someone. How should I best structure the mortgage to get maximum value for the note?
I am looking at selling a property that has comparables at 65,000 for 55,000 and taking a 50,000 dollar mortgage. What rates/terms are the most valuable to note buyers?