Posted by David Alexander on April 25, 1999 at 18:10:08:
Look for family and friends that need a good return on their money. Sell a portion or all the note to them at whatever yield is fair for both. I would personally guarantee the Notes when doing it this way though because if the Note goes bad they won’t know what to do with it. You on the otherhand can use this as another profit center collecting another down, and a new income stream. Also, I would use as much as the funds as possible to develop another income stream, so that you keep growing and in the event the one you sold goes bad you don’t miss a beat.