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Who wants truly passive inome? Be the bank! Just own the paper and receive monthly income for the long haul. How long? This was originally a 15 year note and has 176 more months left on it. Wield ultimate authority with the 1st lien position. Earn 10% on your money by purchasing a portion (partial) of this note for a minimum of $20,000 or buy the whole note for $80,208 and get a 12% (technically 11.97%) yield on your money. Where else are you getting 12% on your money every month year after year? We originated this note sold the buyers a piece of property for $106k, they put $16k down and so the original note started at $90k. They buyer has a699 credit score and a low 27% DTI.
We have this note and several others that we have originated for sale. $20k minimum, no maximum. We only sell solid performing notes. All of our notes are 1st lien, closed at a title co, serviced with a 3rd party, buyers are vetted through a RMLO, and come with a lenders title policy. We keep our paperwork clean!
$20,000
Mar 28, 2024
5405 English Oak Dr, Killeen, TX | 5 Bed 4 bath | Purchase Price: $263K (Subject to) Interest Rate 4.625% | Term: 339 months remaining | PI: $1394.35 | Exit: Wrap | Net Revenue Before Payout: $2,547.02 | Gross Profit: $1,151.67 | Net Cash to Lender: $1,113.18/month | Net Cash to Borrower AFTER Lender distributions: $33.54 |
$47,000
Mar 27, 2024
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