Posted by Carlton Nelson on May 09, 2007 at 12:35:48:
I’m in the process of purchasing several properties in Florida and will be creating a note using owner financing then selling the note at the closing table. I’m doing this to sell quickly which will allow me to continue purchasing. I understand that the note will be sold at a discount but that’s fine because I’ll buy the property right and structure the note with the discount built in. Just need to have a company standing by ready to purchase at the closing table.
If you would like to discuss this by phone let me know and I’ll send my number.