This is something to consider before you sell the house, if you think you might sell the note in the future. Unscrupulous buyers can quote one price initially, and then lower it later, using the excuse of the property buyer’s bad credit score. Rich Dad Poor Dad You should only pay exactly what these cost the note buyer though. 5. 3. They should respond within a day or two. Buy Real Estate Notes People sell real estate notes to raise cash quickly. The note buyer should check the credit of your property buyer upfront. No upfront fees. You should be able to find many note buyers who will check your buyers credit and give you a quote without charging you.

Making Money With Real Estate The first and second place notes can’t add up to much more than 70% of the value of the property, or you’ll be looking at a steep discount Discounts, by the way, will almost always seem steep. 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. Higher interest rates and shorter loan periods will get you more money too. No other fees, with a couple exceptions. 4. Note buyers will look at these differently though. Processing time varies, so ask. When you get a quote you like, you’ll have to send copies of the Mortgage or Deed of Trust, the Note, the closing or Settlement Statement, and the Title Policy. Making Money With Real Estate 6. 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.