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Another key factor in selling a real estate note is the interest rate. Normally, a note buyer will offer you 20% to 30% less than what you owe on it. This is because you need to make a profit on the deal. Make sure that you have a good use for the cash you receive. Finally, you should never pay any upfront fees to a real estate note buyer. A reputable buyer will be more than happy to explain all of your options and answer all your questions. Make sure you choose a company that has proven experience in buying real estate notes and ... more

Promissory notes must be registered with the SEC and state securities regulators. If you are considering purchasing these notes, make sure that the company you choose is registered with these agencies. If you are unsure of the registration status of the company, you can check FINRA BrokerCheck and the Better Business Bureau. There are also penalties attached to late payments. If a borrower is late with payments, the lender will issue a Demand Letter, which informs the borrower of the terms of the promissory note, including penalti... more