Shared by: Steve Ghioto In my previous article, I talked about buying residential foreclosures. In the final installment of my series, I’m focusing on buying commercial real estate. Many people start out investing in residential real estate simply because they’re more accustomed to buying homes, but commercial real estate can be a great way to […]
Using a Promissory Note to Purchase a Home
1. Promissory Notes and Bank Loans The promissory note or promissory letter is a binding legal instrument that acts as a borrower’s promise to repay a private loan to a lender. Many individuals have the perception that a promissory note is nothing more than a complex version of an IOU, but the fact is […]
How to Sell Your Mortgage Note
Want freedom from collecting payments for the next 10, 20, or even 30 years? Prefer a lump sum of cash today? If you sold property with seller financing chances are you’ve wondered about selling the real estate note. Here’s how to sell a mortgage note, trust deed, or contract in 7 easy steps.