How to Sell a Private Mortgage Note

So how do you sell the monthly payments you’ve been receiving since you sold your property with seller financing?

You need a pro.           Period.

If you have not spent years in the market like I have, you don’t know how to evaluate a cash flow, determine it’s security and know what the current competitive market yield is or how to package the relevant information acutely and correctly, and don’t know the current market conditions -local and continental- then you’re lost.

When you’re lost, you need to find your way.

Instead of learning to swing from vines in the middle of the amazon jungle and hope you make it back to your home in America (especially if you’ve never done it before) then it helps to just have someone who knows how to fly a helicopter, who knows how to operate it, has a compass, and knows exactly where to go and how to go there -if you’ll just start climbing the rope latter I let down- you’ll be home in time for supper.

Trying to sell a mortgage note to someone you don’t know and don’t trust is like holding a bucket of money blind folded on a windy day, …You’ll lose a lot of money.

Trust is crucial.

People need someone they can trust when they’re making a large financial transaction. When you make a significant financial transaction you need to make sure you’re working with someone that is real with you, that tells you the truth, doesn’t play games, doesn’t give you sales pressure to accept a price, and has your best interest in mind.

You need someone who knows the market.

This downward market cycle has thankfully cleared out some of the unethical players in this game because they have reaped what they have sown, however some are still sowing and awaiting their crop.

You need competitive pricing, and someone who will tell you the truth about your situation and someone that won’t lead you down some sales funnel. Our pricing is what it is, and we collect as much information upfront so that our pricing has the least likelihood of changing, but everyone who gives pricing on the secondary market always has contingencies when they have not seen a credit report, recent appraisal, or title policy which are things you never have to pay for when selling your promissory note to me. We also constantly network with emerging investors to insure the most competitive pricing in today’s market. But price is just as important as working with the right person.

You need someone who follows the golden rule, the RIGHT golden rule.

There are two golden rules floating around out there and I would like to clear up which one always applies:

“He who has the gold makes the rules”

“Do unto others as you would have them do unto you”

Although the first one applies sometimes, the second one ALWAYS applies to every situation in life. People want to do business with people who have their best interest in mind and they want to receive their money from someone who is not trying to take them to the cleaners.

If you have any questions I would be more than happy to answer them.

Warmest Regards,

Andrew Distad

http://www.Cash4PromissoryNotes.com

(760)-296-1573

Advertisement