I’m just reading and learning about REI right now (I have yet to make a purchase), so please don’t laugh at my question if it sounds dumb:
I’ve heard of selling NOTES or LOANS (as in RECEIVEABLES FACTORING)-- can you do that with a rental lease? I mean, if I buy property and rent out the units (townhouses, apartments, whatever . . .), can I sell the lease and get cash up front-- and then the tenant would make the payments to whomever I sold the lease to??? That way, as a landlord, I wouldn’t have to be bothered with late rent, no rent, etc-- let the note holder act as a collection agent.
So, when the lease is up, if they renew it, they still renew it with me, but I could sell it again and have my money up front?
Can you do that??