If you are selling a note with owner financing in Mason, OH, or looking for someone who wants to sell a note with owner financing then you might have a couple of questions such as: How to structure a seller financing deal? How to negotiate owner financing? How to propose owner financing? or you want to know the step-by-step guide for owner financing? We Buy NKY Houses can help you breakdown the facts and help you have a better understanding of how it works!
What is a Real Estate Note
When you are buying real estate, a real estate note is usually involved. it is a promissory note that contains an agreement for a promise to pay the term for a certain amount of money in a set time to purchase a piece of real estate. Let’s put it this way, the lender provides the mortgage and anticipates the mortgage to be repaid. That mortgage note has value (the future potential repayments) so if the lender wants to access that value, they can sell that note to someone else. A note investor gives money to the lender and, in exchange, is investing the potential of earning those mortgage repayments still to come.
A note is a great way to diversify your investment portfolio out of strictly real estate while still enjoying the potential for cash flow.
Owner Financing..What it means
Commonly known as vendor Finance or Seller Finance. Owner financing is when the owner of an investment carries a mortgage, allowing the buyer to buy from them instead of taking out a loan from a bank. Home sellers, for example, might sell their house through owner financing, accepting regular “mortgage” payments paid to them over time instead of to a bank.
Owner financing is helpful especially if you’re buying an investment and don’t have the capital or credit, or don’t want to spend all of your capital at once but would rather spread out the payments.
Selling A Note With Owner Financing In Mason, OH
If you’ve been searching for information about how to sell a note with owner financing, chances are you’re looking for any of the following possibilities, which may seem confusing.
- You have a note and you’re looking to sell it with owner financing so that the note investor takes the note but pays you a regular income.
- You are looking for a note investor or broker who is selling a note with owner financing in Mason, OH, so that you can pay them a regular amount for your note investment.
- Or perhaps you have a note on a property that has seller financing and you’re looking to sell that note.
- Or maybe you are looking to buy a note from a seller on a property with owner financing.
Fortunately, we’re here to help sort it all out. Just pick up the phone and give us a call at (859) 412-1940. Our Real estate experts will be able to answer any questions you have about the process, can make recommendations for mortgage note purchasing companies, and may be able to provide you an offer over the phone!