Selling a land note?

[SabineHunter]

Yes, I think I’ll have to pass on the owner finance.

The land has had the timber harvested, and most feedback is that buyers don’t want to see the brush and log piles. Going to commence shear/rake/burning soon, to remedy that.

I'm in the same boat. Had my land cut in January and logs are everywhere. Going to pile em up and have a big ol' burn after deer season.

SH

[W E H]

I have seen notes like this sell before...there are companies that search the records for owner carry loans and offer to purchase the loan. The problem is, they will discount the amount they will pay you for the note. If you are owed $100k, the will probably only pay you 85-90k.

most want them to have at least a 6 month payment history of on time payments and they want a better interest rate than 5%. i get offers on mine all the time and they are higher than 5% interest for sure and under 90% note balance. i have bought a few notes but they were steeply discounted because the interest rate was 5%. either raise the down payment or the interest unless you are just being generous

[RingSteel]

I'm in the same boat. Had my land cut in January and logs are everywhere. Going to pile em up and have a big ol' burn after deer season.

SH

Hope you've got your dozer guy under contract already. All I could find for dozer work was booked up 8 weeks ahead.

[H&H land man]

I've received an offer to buy some land that I have for sale, if I owner finance for 10% down, 5.5% interest, 10 year note.

I'd prefer to have the $, as I'm raising capital for another land purchase now.

Does anyone have any advice/experience with owner financing and then selling the land note?

I provide financing for farm and ranch real estate. I might be able to help your buyer out in obtaining a loan. I also might be able to help you out if you are interested for the purchase of your new property. Let me know if I can help at all.