A note is a written document that is a promise to pay or a promissory note. The terms of the note include the amount, interest rate and length of time a person has to pay it off. A real estate note is a mortgage on a piece of property or house.

Anybody can sell a note. Most people do not want to wait 30 years to get their money. That is where a broker comes in. They sell real estate notes. They also have investors who are interested in purchasing your note or your clients note. This alleviates the worry about late payments or nonpayment.

Anyone can buy a note. There are thousands of people around the world who buy notes as investments. Just as banks buy mortgages, investors buy notes as investments or cash flow notes. This allows them to collect payments over time for a steady stream of income.

There is no charge to the note holder for this process. It usually takes 2-3 weeks to close a deal once there is a buyer available. Remember, all deals vary depending on the note and its size.

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