Even if you love strapping on the tool belt and adding your skill and touch to a distressed property, Mortgage Notes has a place in your business model and delivers a lot of flexibility. Whether you are looking to find income streams to fund your next remodel or you are looking for a way to create passive income, Notes will have a cash positive impact on your business:
Non-Qualifying Buyer
Seller Financing
Cashing-In on Owner Financing
Here are straight forward answers to the most common questions on how mortgage notes can enhance the business of a home remodeler. We also invite you to visit our learning center filled with helpful articles and tips for understanding mortgage notes and exploring investment opportunities.
Non-Qualifying Buyer
What happens when you have the perfect offer – full price, plenty down…..but then the buyer doesn’t qualify for conventional financing? What options are there except to walk away from something that is too good to be true? Below are 3 ways to avoid walking away:
- Offer Seller Financing
- Seek Third Party Financing for both a first and second lien
- Sell the House on Terms
Perhaps these ideas are unfamiliar to you. Or you don’t know where to begin. At CITx Note Investing we can assist you with creative financing ideas and make this a repeatable model!
Seller Finance the Sale
The most lucrative part of remodeling is not the sale of the property. Rather it is in leveraging creative financing to create passive income streams. The 5 top reasons to offer seller financing:
- Reduction of Capital Gains Tax
- Reduced Days on Market
- Increased Inventory of Prospective Purchasers
- Reduced Closing Costs
- Investment Strategy for Hard to Finance Properties
- Interest Income
Cashing in on Owner Financing
Owner Financing got you the large downpayment and a full offer and great buyer. But you have found the perfect next project and you need to liquidate – what to do! CITx Note Investing will purchase your owner financed note so you can take advantage of a fantastic opportunity. A well documented papered note can make putting cash in your hand a very easy and fast process. Gather the following and schedule a call for a note review:
- Settlement Statement
- Mortgage (Deed of Trust, Real Estate Contract etc)
- Promissory Note, and
- Payment Record
Note investing clearly puts more money in your pocket and avoids, taxes, capital gains, and funds the next project.
Contact us if we can assist you!