Are you tired of receiving monthly payments on your seller-financed note? Do you long for a lump sum of cash today? If you previously sold property with seller-financing, chances are you’ve wondered more than once about whether there’s any way to convert those monthly payments into cash now. Well, if so, then you’re in luck! There’s a very good chance … Read More
Common Note Buying Terms
Are you new to investing in real estate notes or wanting to sell your note? Don’t get confused by the industry terminology. To help you make sense of what you’re reading, we have compiled a list of common note-buying terms. There’s certainly more to investing than just knowing the lingo, however, it’s nonetheless a significant first step and will help … Read More
The Seller-Financed Note Players
Whether buying or selling notes, understanding the players in a seller-financed transaction is key to profitable outcomes. Here are the five main players along with some standard industry terminology. Seller – Note Holder – Payee When a property seller accepts payments from a buyer over time using seller-financing, they also become the note holder, note owner, or payee. The payee … Read More
What is Seller-Financing?
Seller-Financing (or owner-financing) refers to a sales transaction in which the seller allows the buyer to make payments over time for the property being purchased. This “private” financing by the seller replaces the more traditional conventional financing offered by banks. There are many reasons why a seller might offer financing to a buyer. Perhaps the buyer is self-employed and can’t … Read More
