Selling real estate buyers can be an intimidating process. 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. How To Make Money With Real Estate The buyer of your property will have the same terms and payments. “Seasoned” notes sell for more too. You should only pay exactly what these cost the note buyer though. Rich Dad Real Estate Seminar . 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.

They should respond within a day or two. Rich Dad Poor Dad 6. Unscrupulous buyers can quote one price initially, and then lower it later, using the excuse of the property buyer’s bad credit score. You can sell second mortgage notes, and other second-place real estate notes as well. How To Make Money With Real Estate It is common for note buyers to pay 20% to 30% less than the current balance on the note. Higher interest rates and shorter loan periods will get you more money too. 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.

Buy Real Estate Notes 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.