Updated over 7 years ago on . Most recent reply
Newbie question about notes.
Let's say I have a $20,000 note. I want two $10,000 notes. How do I get that?
I know a little about buying discounted notes. How difficult is it to sell a note for two smaller notes that total the full price? Can you split a note? What's the best way for me to end up with two notes worth $10,000?
Most Popular Reply
Bob Jones
You can sell a partial of a note. If you wish to split a note you would have to break it up so one gets the first x payments and another gets the last y payments
It depends on what your trying to do. I do not see how you could split a $20k note and sell it as 2-10k notes - if you were to keep a portion of the note then you have some scenarios
We would definitely need more info to answer properly
- Chris Seveney
