Posted by Paul_NY on February 21, 2000 at 21:29:24:
After you own a property, you can owner finance the sale of that property. Then you can sell the owner financing document (note) to a notebuyer.
It is better to sell the property using conventional financing, because notebuyers get a discount on the note amount. For example, a $24,000 note would sell for $21,000-$21,500.
If, however, your market is slow, then selling the note is a way to receive your money faster.
Best of Luck!