Contact several note buyers for quotes. Processing time varies, so ask. Rich Dad Poor Dad 5. You know you won’t get the full face value for your note, but will there be other fees you have to pay too? How do you know if the buyer is reputable? What is a normal discount on a note? Here are some guidelines to follow: 1. You should only pay exactly what these cost the note buyer though. It is common for note buyers to pay 20% to 30% less than the current balance on the real estate notes sellers. “Seasoned” notes sell for more too. Unscrupulous buyers can quote one price initially, and then lower it later, using the excuse of the property buyer’s bad credit score. If there is no recent appraisal, they will usually arrange for that. 3. You should be able to find many note buyers who will check your buyers credit and give you a quote without charging you. Usually, once you agree to the offer and send the documents (if done by mail), you can expect to receive a certified check or electronic transfer to your account within two to three weeks. This is something to consider before you sell the house, if you think you might sell the note in the future.

Selling real estate notes can be an intimidating process. The buyer has already figured his expenses before making the offer, so there are only a couple fees you should have to possibly pay. Higher interest rates and shorter loan periods will get you more money too. No other fees, with a couple exceptions. How To Make Money With Real Estate Suffice it to say, they need to make money on the deal, and you should be sure you have a good use for that cash before you sell those real estate notes. 2. Some note buyers will buy new or “unseasoned” notes, but if you can wait until six payments have been made, you’re likely to get a much better price. You can sell second mortgage notes, and other second-place real estate notes as well. First, you may have to pay for the appraisal. How To Make Money With Real Estate Those are notes that have had payments made on them for a while. This is called “bait and switch,” and it isn’t ethical..People.