Information on the Note Business?

Question

Note meaning a promissory note (agreement) made by the owner of a house for a buyer of a home as a promise to pay.

I want to start a real estate business using the technique of creating real estate notes. The problem is that I have seldom knowledge about these 'notes', especially when it comes to the process of creating them. I know who to ask to obtain information on it, but are there other ways to learning about this business opportunity.

Where and how can I find more information about this type of business opportunity?

Answer 1

There is probably very little opportunity to make this your sole source of income.  You are basically referring to owner-financing and almost any real estate agent would have knowledge of how to draw this up.  Forms for owner-financing are available for order on the Internet in many places.  Since the forms are relatively cheap and agents will probably help a seller as part of a commission, I fail to see much of an opportunity for an outside agent (outside the transaction).