Posted by Terry Vaughan on March 12, 2000 at 13:21:38:
Remember, the best “trading” notes are the ones the seller will except!
Usually the “soft” note(s) is/are what you want to find. - (soft = long term & low interest rate)
- Mobile home note (seller carry back).
- Ten year balloon. (maybe a first or second)
- Note against a note you hold that you find out is going to payoff early! (that you paid peanuts for)
- A small package of contractor (2nds) he took back for remodel or insulation job.
Your imagination is your limitation!
p.s. How about a friend who has some property with “dead equity”, any possibilities?