“I want to sell my real estate note in Minneapolis MN…Where do I start?”
We Buy houses in Minneapolis MN. Holding a real estate note, private mortgage note, private promissory note or any other paper based real estate asset in MN can sometimes put you in a challenging position: This is mainly because such assets rarely offer the highest returns, while they require you to chase after payments and collect your cash over a long period of time. If your looking to sell your real estate note quickly, reach out to us here at FastPath Home Buyers by calling (612) 351-2384. We’d be happy to guide you through the process.
In some cases, if you’re trying to collect from a bad borrower or you’re facing the threat of foreclosure, you could actually collect less than you deserve from these assets. As such, you may find yourself considering selling your real estate note outright so that you can collect the profits.
Are you missing out on better opportunities because you’re holding real estate notes?
Although some people may choose the “wait and see.. and hope” method of holding real estate notes, you may prefer to get rid of your real estate note now. If your hoping to reclaim your capital and use it for a different investment, or to simply use the money for any other purpose, selling your real estate note outright might be a good option for you.
Getting rid of a real estate note is sometimes a great option because it allows you to do more with your money. For example, you can sell all, or part of your private mortgage note, and use the cash to reduce or eliminate your debt. Once this is done, you’ll no longer have to pay the debt service on the property.
On the other hand, you could reinvest the cash in another type of investment that has a higher yield. This is a particularly good idea if you’re hoping to invest in another investment option that is doing well, such as the stock market, local real estate, or municipal bonds.
Here’s the problem…and the solution to your MN real estate notes
Holding on to a real estate note or a similar asset is not risk free. This mainly because property values are notoriously unstable, especially in today’s economy. As such, the asset that you may think has a high value today could actually be worth far less in the not too distant future.
And then there’s the hassle of owning a real estate note. Not only will you have to worry about the book keeping problems associated with month after month payments, collecting on the real estate note is not always a straightforward process. Additionally, if the property goes into foreclosure, you risk losing some or all of your initial investment.
Fortunately, there’s a better solution than holding onto an unwanted note: Convert those notes to cash. Cash is the most liquid asset. You can use the proceeds from a cash sale anyway you like without any obligations or risks.
For this, your best bet is to find a reputable real estate note buyer who will pay you a fair price without jerking you around. If your struggling to find such a buyer, you could sell your note directly to our company. We can provide you with an offer if you give us a call at (612) 351-2384.
I want to sell my real estate note in Minneapolis now!
Here at FastPath Home Buyers we look forward to connecting with you!