Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

What would a fair offer be?
I have a note that I'm looking to buy - the property is in rural Nevada, so not a desirable area. Current balance on the note is $980k, interest rate is 6%, payments are $10k/month, 9 years left on the note, balloon at the end for the remaining balance, which I calculated is around 300k.
What would be a fair offer to buy this note? I'm interested in clearing the underlying debt on this property at a discount, but I have no idea what type of discount I should be asking for.
-Christopher
Most Popular Reply

Thanks :)