Why Sell Your Note?
No More Borrower Management
There are a few reasons to sell your note. Note holders make their money through loan payments, which at times can create their own issues. For example, the borrower can fall into default with their loan payments, meaning no money for the note holder. In cases like these, the note holder has a couple of options, such as:
- Foreclose on the borrower
- Work with the borrower to get current
Both of these options take time and money.
Sometimes this is more than the note holder wants to deal with and one of the reasons Paper Broker was created.
Take Advantage of New Opportunities
Investors know when their cash is tied up in properties, they are not liquid enough to take advantage of opportunities that might present themselves. Do you have other projects to pursue, such as other investments or starting a business? Selling your note frees up capital so you can take action on these new opportunities.
Pay for Life’s “Emergencies”
It happens to everyone, those unforeseen bills or needs that seem to out of nowhere. These might include medical bills or lingering debt. Some couples on the verge of retirement, might want to consolidate their investments for easier management and cash flow. These reasons are both common and personal for everyone. Selling a note frees up monies to address changes in life.