Create note/flip with discount??? - Posted by Scott


#1

Posted by Scott Britton on November 29, 1998 at 22:24:40:

Scott,

If you need cash NOW!!!.. put the property under contract and find another investor to buy it from you for a profit. If the figures are as you have represented… somebody in your market should be willing to pay you more than $6K for the property.

A quick $2,000 sounds about right!

Best of Real Estate Success!

Scott Britton


#2

Create note/flip with discount??? - Posted by Scott

Posted by Scott on November 29, 1998 at 21:53:15:

I have the opportunity to buy a small frame house in a good older

neighborhood that is worth about $23k ‘as is’ for $6K. It could use about

$2-4k in fix up, ranging from carpet and paint to new windows and

CH/A.

My questions are these: Is it better to create a note and L/O or seller

finance on a wrap then discount the note to sell to another paper investor

OR

Sell it to another investor now for a discount?

(I need the cash)

AND

What yields/discounts should I expect to see?

Thank you

Scott