Can anyone tell me if I finance a borrower how long do I need to wait before trying to sell the note and what are the guidlines to doing such transactions?
:cool THIS answer is simple !!! THE time to sell is up to you?? WHAT you may say yes it is up to you !! YOU can sell with in 3 to 7 days of your close on a simultaneous close and be cashed out of the whole deal !!! THE discount is set by your buyers fico and the amount of down payment at least 5% and 8 to 10 % intrest on the note !!
so a buyer with upper 500 to middle 600 FICO and 5% down would work to sell the note?
:cool YES once all the stuff in the note is filled in terms ect !!
WE have been doing note deals for over 5 years now EAYS MONEY !!!