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Why Should I Sell It?
There are many reasons you
would want to sell your note for cash today.
·
To pay off debts where you
pay a higher interest rate than you are receiving on the note.
·
To make another investment that
will provide a greater return.
·
To invest in a more diversified
portfolio that provides greater security than a note.
·
To relieve the burdens of
bookkeeping and payments collections.
·
Economically it can make sense
to sell your note.
If you have a $50,000 note at 10% for 20 years and you are receiving
payments of $482.51 per month, you have two options:
·
You can hold the note and receive the payments.
·
You can be a creative seller of your note.
You could sell just 84 payments to Vernon Brabham
/ Private Note Investor for
$22,957 cash today then receive note and the Payments back after 84
payments.
It would still have a balance of $42,036. You would not lose any
of your principal and would have the immediate use of $22,957. |
