Owner Financing - (512) 464-1214 - 10 Things to Think About When Creating an Owner Financing Note

Owner Financing - (512) 464-1214 - 10 Things to Think About When Creating an Owner Financing Note

i'm robert young founding director of
the texas note company thanks for tuning in today i'm going to talk to you about the
ten things you need to think about when you create an owner finance note when you create a note you think about the down payment how much money is that borrower going to bring to the table to do the transaction and think about the buyer's ability of make to your
future payments their credit worthiness you'd think about the documentation when
you create an owner finance note a lot of documentation is created What are you gonna do
with it uh…

10 things to think about

Need to think about the accounting of the note. how are you gonna account and provide the necessary forms to your buyer and
yourself at tax time the interest rate very important sets the value of the note itself term of the note ok you need to think about
term and think about it there's going to be a balloon those two items go
hand-in-hand clauses in the note, you need very careful
and make sure that you understand all clauses that are input in the promissory
note and that you're not omitting any we also need to think about the
insurance and others to try to this title insurance and there's hazard insurance there's a couple of
things that go with that ensures well but i go into much more detail he also think about uh… professional
services are you going to use a professional services that help you track the accounting, create the note you can go to texas note co dot com and
find out in much more detail each of these ten items or you can give us a
call if i want to four six four want to one four money and robert young thanks
for tuning in.

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