We Buy Real Estate Notes

Scott Winn at Texas Note Buyer has purchased real estate notes in Texas for nearly 30 years. We fix problems and buy notes that others won't. Contact us today for expert advise, friendly service, and a fast closing!

we buy real estate notes

A mortgage note is a legal instrument that typically outlines a promise to pay, or a loan, by one party to another. This instrument is usually secured by real estate and will contain information describing: loan amount, interest rate, payback period among other relevant items.

How is market value determined on a real estate receivable being sold to a note investor on the secondary mortgage market? This is a question that comes up many times daily in this industry. There are many primary and secondary variables that come into play when determining the value of a real estate receivable for sale.

There are so many different options and strategies to choose from that it's hard to know where to start. One option that you may have heard of is buying real estate notes. But what exactly is a real estate note, what is note buying, and is it the right investment strategy for you?

Real estate notes are created when a property buyer finances the purchase of their property through a mortgage loan. The mortgage note is then sold to an investor, and the proceeds from the sale are used to fund the loan. The investor becomes the lender, and the property owner becomes the borrower.

Investors can purchase two types of real estate notes: performing and non-performing. Performing notes are mortgage loans that the borrower is current on, meaning they are making their monthly payments on time. Non-performing notes are loans where the borrower has fallen behind on their payments and is at risk of defaulting on the loan.

Real estate notes can be recorded in either first or second position. A first position lien mortgage note is a loan secured by the borrower's property. The lender has the first claim to the property if the borrower defaults on the loan.

Short-term mortgage notes are typically used for investment properties such as fix-and-flips or other quick turnaround projects. The most significant risk with short-term mortgage notes is that the borrower may default on the loan before selling the property, resulting in the investor losing their investment. However, the potential rewards are also high, as investors can earn a substantial return on their investment if the project is successful.

Long-term mortgage notes are typically used for financing primary residences or other properties that will be held for a longer period of time. The risks associated with long-term mortgage notes are generally lower than those associated with short-term mortgage notes, but the potential rewards are also typically lower. However, long-term mortgage notes can still be a profitable investment for investors willing to wait for a longer period to see their return on investment.

Buying real estate notes is often seen as a less risky investment than buying property outright. This is because when you buy a note, you're essentially purchasing the debt associated with a property rather than the property itself. If the property goes into foreclosure, you may still be able to recoup your investment, whereas if you'd bought the property outright, you could lose everything.

However, there are also a few downsides to buying real estate directly. One is that it can be a more expensive upfront investment than purchasing a note. You will also need to factor in the cost of any necessary repairs or renovations that you may need to make. Additionally, if you decide to sell the property down the line, you may not get as much money back as you originally put in.

When you purchase a real estate note, you're earning money without having to do a lot of work. Once you've made the initial investment, any cash flow comes in passively, which frees up your time to pursue other ventures.

When you invest in real estate notes, you're providing financing for people who need it. Not only does this give you the opportunity to help others achieve their dream of homeownership, but it also allows you to leverage your philanthropic efforts for tax breaks.

Another risk to consider is that of interest rate risk. This occurs when market interest rates rise after you have invested in a real estate note with a fixed interest rate. If this happens, the value of your investment will decrease.

The traditional way to invest in real estate notes is to find a seller, negotiate a price, and then purchase the note directly from them. This can be a time-consuming and complicated process, especially if you're new to investing in real estate notes. There are also a few potential drawbacks to this method that you should be aware of:

A better and easier way to buy real estate notes is through Concreit. For years, only wealthy people could invest in hedge funds and private equity real estate. But now, Concreit is making it possible for all types of investors to invest in private equity real estate.

ReProp purchases owner-financed, privately held, real estate notes and other types of first lien real estate secured notes. We are a direct buyer of real estate notes thus eliminating broker fees and allowing you to receive the maximum cash offer for privately held real estate notes.

We buy real estate notes, trust deeds, contract for deed, land contracts, privately held mortgage or other real estate collateralized notes. If you are receiving payments from the sale of residential or commercial real estate and are ready to sell your note, then contact us today.

A note buyer is, quite simply, an entity that buys one of a variety of notes. A nationwide mortgage note buyer tends to buy mortgage notes in all 50 states where the security (collateral) for the note is some type of real estate like a house or a commercial building. This type of buyer might also be referred to as a real estate note buyer, a deed of trust buyer, or a note investor. A business note buyer deals with notes where the main collateral is a business, and there is little or no real estate involved.

In addition to houses and commercial buildings, a private mortgage note buyer might also buy notes secured by mobile homes, land, or other property types. The private note buyer is looking to purchase a mortgage note where the property is in good shape and the new owner of the property is likely to make on-time payments.

Many people who sell properties or businesses with owner financing have no idea that they can sell their notes. It is fair to say that most note holders would have preferred to have gotten their cash upfront rather than carrying a note. For others, holding a note may have made sense at the beginning, but now their situation has changed. The note holder may have aged to a point that they no longer want to receive payments, perhaps they may have other investment opportunities, or they may not want to mess with late payments, property taxes, and insurance anymore. A nationwide note buyer can alleviate the stress of carrying a note, and put a large sum of money in your pocket quickly.

Alan Noblitt is the President of Seascape Capital, LLC, and works as both a real estate note buyer and a business note broker. Alan has an MBA from Arizona State University, a B.S. from the University of Wyoming, and is licensed as a California Real Estate Note Buyer.

Alan with Seascape was great to work with. From start to finish he kept me informed of the progression by phone or text. I would highly recommend Alan and Seascape to anyone wanting to sell their notes! It was a pleasure doing business with them.

Our Law Firm recently requested a bid from Seascape Capital on behalf of a client who needed to sell a real estate note. Seascape promptly responded with an offer. After evaluating several bids, we selected Seascape Capital making clear the transaction needed to be complete and funded within 30 days. Seascape immediately provided a list of needed documentation and provided regular status updates throughout the process. Closing documents were provided for review 24 hours before the scheduled closing and final questions were promptly answered. The sale closed 4 days earlier than expected and we have a satisfied, happy client. My experience with Seascape was very good and will call upon them the next time we have a note to sell.

Alan and the Seascape team did an excellent job working with me on my business note. I was able to get the capital I needed in a timely fashion. I will be working with them again with notes in the future.

I definitely recommend seascape capital to anyone looking to sell a real estate note, Alan and his team did a fantastic job from the very beginning when I began the process to sell our real estate note. Communication, clarity and professionalism throughout the whole process was the best part of working with Alan and seascape capital! Highly highly recommended.

Alan and Seascape Captial Inc. have been a real pleasure to work with. Alan does what it takes to get the job done!. He kept me informed and updated every step of the way, his customer service is beyond words. I would highly recommend Seascape Captial Inc.

I just want to personally thank you for all of you help throughout this process. At times I really had a difficult time understanding all of the information coming at me and you were always there to walk me though everything, and I truly appreciate it.

Mortgage notes, or promissory notes, are financial instruments that define and enforce the terms of a mortgage loan used to purchase real estate. Holders of mortgage notes for a home, business or property can sell it for cash to a buyer in the secondary mortgage note industry.

A mortgage note is a financial document that details a loan agreement used to purchase property. Traditionally, you may go to a bank, credit union or another financial institution to get a real estate loan. They loan you money in exchange for a long-term payment plan that can last decades, depending on the particulars of the mortgage. 041b061a72