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Updated over 12 years ago on .

User Stats

885
Posts
316
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Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
316
Votes |
885
Posts

Wholesaling a land contract note

Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
Posted

Through one of our channels of advertising we came across a motivated note seller. We're not in the business of buying notes and have no interest in buying it for ourselves. However, we don't want to let the lead go cold since this note seller is quite motivated.

What are some strategies we can use to make a few bucks off these notes?

We had the seller complete a standardized note questioner. There are some holes and gaps in the info since the seller inherited the property as part of a family estate. He has only been personally servicing them for approximately a year. They are performing and have been for 5+ years (albeit, the seller cannot prove payment history past the latest year due to the estate situation).