If you are selling real estate, especially in this market, you might be approached by someone asking if you are willing to “Owner Finance” or consider a "Seller Carry-Back" note. Here are a few guidelines to consider... How Do You Make Money When Owner Financing? The whole concept behind seller financing is that you are acting like the bank. While that carries risk of … [Read more...] about Should I Carry Back An Owner Financed Note?
owner financed note
Owner financed notes often include a balloon payment requiring the buyer to refinance in order to payoff the remaining amount due the seller. But what options are there for notes when a balloon is due but the buyer can’t refinance? Should the seller consider extending? … [Read more...] about What to Do When a Balloon Mortgage Payment is Due – Real Deal #158
Wondering whether to trust the pricing for the sell of a mortgage or land contract? Here’s how to know if it’s a firm offer or just a soft quote when going to sell a private mortgage note. … [Read more...] about Get Reliable Pricing When Selling a Mortgage Note!
Does the seller have to worry whether an investor can demand payment once they sell their owner-financed note? The answer depends on how the note was endorsed along with the terms of the Purchase Agreement. … [Read more...] about Understanding Note Endorsements
Whether a seller, investor, or note broker, there are many opportunities to make money with owner financed or seller carry back notes. There is a lucrative secondary market for seller financed notes also known as the paper business. Here are a few of the most common ways people make money in the note business. Maximize Selling Profits A seller often takes back financing for a … [Read more...] about Moneymaking Opportunities with Notes!