Posted by Ben on January 04, 2005 at 22:30:48:
In Reply to: Creating notes. posted by Bill Taylor on January 02, 2005 at 23:10:31:
The best way would be to create the note with a 30 yr. amortization but with a balloon balance due in, say, 5 to 7 years. This makes the note more valuable to an investor because they get their money sooner. Then you could receive the downpayment plus cash that you need, and a portion or all of the balloon in 5-7 yrs. It is really somewhat of a misnomer to talk of "discount" because you would actually receive more over time than what you are selling your homes for. But you need to structure the notes properly from the inception. Please contact me for more info on structuring.
- Re: Creating notes. Harry 15:26:55 3/08/2005 (3)
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