Selling Your Promissory Note – Should You Consider a Whole or a Partial Note Sale?


If you provide seller financing on real property that you own, you’ll end up holding a promissory note - a promise from the buyer to pay you back. A promissory note represents a real asset that you own - cash in the bank so to speak. But like many investments, promissory notes aren’t exactly liquid. Meaning, if you find yourself in need of a large sum of money for any reason, you can’t just take a withdrawal out of the bank. But, this doesn’t mean you’re out of luck when you need cash. That’s because you can still tap into [...]