get cash for your note
By Douglas L. Iles
Today, more people selling their properties have discovered that using seller
take-back financing can help them sell their properties quicker and in many cases
for a lot more money. They have learned that using this powerful technique has
many benefits for both the seller and buyer. One of the most profitable benefits a
seller, using the take-back financing technique, can gain is the creation of a steady,
positive cash flow. This cash flow is created when the repayment terms of the seller
take-back loan (second mortgage note) are agreed upon. As a seller take-back note
holder, you can work out a repayment schedule that best suits your financial needs.
Usually this means receiving your payments on a monthly basis over the life of the loan.
While it is always nice to have money coming in on a regular monthly basis, you may
find yourself in a position where you could use a lump-sum of cash. Remember, your
"note" is a financial instrument that has genuine economic value that you can get cash
for at any time. If you find yourself in a situation where you would need an immediate
lump-sum of cash instead of collecting monthly payments, then there are many attractive
options available. Let's take a quick look at some of the ways you can receive a lump-sum
cash for your
seller take-back note.
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The fastest and easiest way to generate immediate cash is to sell your note for a
lump-sum. Everyday hundreds, if not thousands, of seller take-back notes are being
bought, sold, and traded by note brokers all over the country. Note brokers, or cash
flow specialists, are financial professionals who specialize in the buying and selling
of these types of notes as well as other types of cash flow instruments.
Once you have decided to sell your note, you can decide on how you want to handle it. For
example, you could sell your note outright for a lump-sum cash payment. Once you have
agreed upon a selling price, this is the quickest and easiest way to receive immediate cash for
note. When you complete the transaction, you walk away with a
lump-sum cash payment.
Another option is to sell a "portion" of the note. This option can be a little more
complicated. Basically, this process involves selling a number of payments for cash.
For example, let's say you are collecting payments of $100 per month and 40 pay-
ments remain on the loan. You could decide to sell 20 of those payments while elect-
ing to keep the remaining 20 payments for yourself so that you could collect them in
the future. This can be a good compromise that allows you some cash now while
retaining the option for future payments.
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Regardless of your current financial needs, as a seller take-back note holder you
always have the option to get immediate cash for your note. If you would like to explore the
many attractive options for getting immediate cash for your note, then please contact
Beneficial Brokers, LLC TOLL-FREE at 1-800-603-9940.
Douglas L. Iles has resided in Mansfield, OH since 1988. He has been married to
wife Dawn since 1989 and has a 26-year old daughter Brittany, a 25-year old son Chris,
and grandsons 6 and 8 years old. Beneficial Brokers, LLC was established
in July of 2006 as well.
Currently, Beneficial Brokers and WCS
Real Estate Solutions are working together to
REAL ESTATE wholesale buyers and homeowners.
***And, as referred to in this page, the option to create a private note for
the homeowner is ALWAYS available.
Beneficial Brokers, LLC
Creative Home Seller Strategies
26 Gibson Avenue
Mansfield, OH 44907-1316
Cell phone: 419-545-4446