REAL ESTATE NOTES
Overview:
Privately held mortgage notes are also called real estate notes or real
estate paper. A note is created when a real estate owner sells a piece of
property, accepts a down payment from the buyer, and creates a promissory
note for the rest. This is called owner financing. It means that the
property seller, rather than a bank or lending institution, finances the
sale of the real estate.
A real estate note specifies
the loan balance, the interest rate, the duration of time of the loan, and
the monthly payment. The home buyer receives the property, and the home
seller receives a private real estate (mortgage) note. A lien is placed on
the real estate property (home) until the note is completely paid off, so
that if the buyer stops paying, the seller can reclaim the property.
Selling your Note:
If you are receiving payments on a real estate note, Capital Now can help
you get a lump sum of debt-free cash today. We represent private
investment companies that purchase real estate notes for immediate cash.
You can sell the entire note, or just a portion of it, whatever suits your
needs. Selling your note gives you an opportunity to get immediate cash
instead of waiting for tomorrow’s dollars (which are worth less). You can
eliminate the hassle of collection of payments, and the risk of
non-payment.
Many people who sell their
notes for cash use that valuable money for:
•
Paying off debts
•
Paying taxes
•
Investing in a new house (or remodeling)
•
Investing in a new business
•
Traveling or taking vacation
•
Purchasing a new car, boat, etc.
•
Taking advantage of a better investment opportunity
Real Estate Notes
F.A.Q's:
Q. What type of
properties qualify for Residential Real Estate Notes being purchased by
private funding companies?
A.
Any property that you are receiving payments on an owner financed
mortgage: Houses, townhouses, condominiums, and one-to-four family rental
units qualify.
Q. Do I have to sell the
entire note?
A.
No. Often, people like to sell a portion of the note and get the amount of
money they need, and still have the balance of the note as an income
source.
Q. Can I really get the
cash now?
A.
Yes! Funding sources have the financial resources to pay you cash now, and
make a good investment profit. And, you can be free of the “waiting” for
payments.
Q. How much of a discount
must I take in order to get cash out?
A.
The Time Value of Money dictates that money is worth more today than it
will be in the future. Depending upon the note you have, the amount of
cash you need, and the time value of money, a specific formula will
generate the exact amount you will receive in today’s dollars.
What would
you
do with tomorrow’s dollars---TODAY?
►Contact
Us Now.
CAPITAL NOW
Phone:
408-253-4782
Fax: 408-252-8864
E-mail:
info@capitalnow.net
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