REAL ESTATE

There are two types of notes we look for: those that are already in existence and those which you intend to create. We are committed to meeting your cash flow needs. If a full purchase is not possible, we can purchase part of the note by either buying a certain number of payments or by buying a part of the monthly payment. Your needs come first!

Notes You Intend to Create:

If you are a property owner trying to sell your property and you have over 40% equity you may want to consider owner financing by creating a private mortgage note. It can provide you more opportunities to sell the property. We strongly encourage you to contact us before creating the note to provide you our expertise in creating a note that will net you the most cash on the secondary market.

Once the note is created by you, we can purchase it. Knowing the details of how to create a note and its value before you set your price of the property will help insure your meet your needs!

What are the benefits of owner financing?

You Expand Your Prospective Buyers to individuals who are unable to get traditional bank financing. Does this make them bad risks? No, not necessarily. With the number of home based businesses growing, there is an increasing number of people with good credit who are starting new businesses. Because they are "self-employed" banks shy away from them until the business is established. However, they still have to have a place to live, and conduct business!

Advertising Owner Financing Attracts Buyers individuals who do not like to deal with banks look for owners willing to take the place of the bank. Real estate investors scan the newspapers daily searching for deals that provide owner financing.

Future Income Stream May Lower Taxes because the entire sale amount is not collected at one time the taxes due are calculated differently. You should seek the advise of a tax expert to understand the advantages/disadvantages in your particular case.

You Just Want the Property Sold so you can move on to other interests. Owner financing can still provide you a broader base of buyers and the lump sum cash you need. There are several ways to structure the note to meet your needs.

Lower Closing Costs result in owner financing deals because there are no points and no origination fees. Buyers with good credit, but limited money for a down payment can provide more money down when they don't have to pay these expenses. That's money in your pocket rather than the bankers!

We strongly encourage you to contact us before creating the note to provide you with our expertise in creating a note that will net you the most cash on the secondary market.

If you are receiving a regular payment for a private mortgage note, we can purchase the remaining future payments for cash. If you did not sell your note when it was created we can buy it now. Some notes are more sellable than others:

The most sellable notes:

  1. Have at least a 10% down payment when the note was created
  2. A 12-month payment history, indicating both an equity position and ability of the payee to make regular payments.
Although notes in first position offer the most security, a 2nd position note may be marketable within certain parameters. We have found that individuals who hold private mortgage notes do so for one of two reasons:

  1. To sell a piece of property or help a friend or family member buy a piece of property.
  2. For investment purposes.
If you hold the note for one of the above reasons and are not reinvesting the monthly income stream in another income generating instrument you should consider selling the note to provide a lump sum that you would invest for your future. You worked too hard to have that money slip away!

HOW TO GET STARTED:

To get started fill out the private mortgage worksheet. Make sure you indicate why you want to sell the note and what you want for it as well as what you need. The difference between the two can help us structure deals to provide you what you need and still live you with an income stream for the future.

When you're finished, either fax or mail it to us along with the other documentation listed. After we evaluate the documents, we will contact you to discuss our offer directly with you. Once we reach agreement we can complete the transaction within two to four weeks.

Fill out our Client Profile worksheet