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Anyone Ever Sold a Loan They Created By Seller Financing?

1,366 Views | 3 Replies | Last: 2 yr ago by Jester55
Jester55
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I am about sell 2 land tracts and I am likely going to seller finance them. I am trying to optimize value on the back end if I decide not to hold them. Does anyone know any loan brokers who are in this business? How do potential buyers value these loans secured by raw land? I have an idea of monthly payment that will work to get them sold but can tinker with the interest rate, term, and price(loan amount). Other than higher down payment/equity or finding highly qualified buyer/borrowers what is best way to get the most value of the loan?

Open to any and all feedback as I have never sold a loan before and have no idea how it works. Thanks!
mncag
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i have created a few notes but kept them. With no seasoning i was offered 75% of note value. The longer you hold the better.

I'm a private lender /hard money and one of my partners holds 100+ notes. We may have some insight.

Where is the land?

MS08
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AG
If you set price, borrower sets terms.
If you set terms, borrower sets price.

At least that's what they say. Hah!
Jester55
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The land is in Liberty County outside of Liberty.
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