For people holding a real estate note
Turn your note into cash.
You sold a property and carried the loan. Now you get a check every month. If you'd rather have a lump sum, I'll give you a straight quote. No pressure, and no cost to ask.
- Two offers, free
- Sell all or part
- Closes at a title company
- You deal with me
Rather talk? Call me at 513-301-1468.
- Note balance
- $62,000 at 8%
- Payment, years left
- $593 a month, 15 years
- Option 1: Sell the whole note
- $38,000 to $47,000
- Option 2: Sell the next 5 years
- $22,500 to $25,000
With option 2, the last 10 years of payments come back to you. Example only, after closing costs.
Who I work with
You might be holding a note if...
You sold a home with owner financing
You were the bank. The buyer pays you every month.
You're holding a land contract
Also called a contract for deed. I buy these often.
You inherited a note
A parent left you a note. You don't want to collect payments for the next 15 years.
You sold land or a mobile home on terms
These can sell too. The price depends on the property and the payer.
Your options
Three ways to handle your note.
Selling isn't always the right move. Here's how I look at it.
Sell it all
You get one lump sum and you're done. I take over collecting, and the payer's terms stay the same.
Sell part of it
Sell a set number of payments for cash now. When those are paid, the rest of the note comes back to you.
Keep it
If the note pays well and you don't need the cash, keeping it may be smart. If that's your best move, I'll tell you.
How it works
From first call to cash in hand.
Tell me about your note
Fill out a short form or give me a call. Fill in what you know.
About 5 minutesGet two offers
I send you two written offers: one for the whole note and one for part of it.
Usually 1 business dayI check the details
I review your documents, order a title search and a property value, and confirm the balance with the payer.
About 2 to 3 weeksYou get paid
You sign at a title company or with a mobile notary. The money goes to you.
Most close in 4 to 5 weeks
What sets your price
Payer. Property. Paperwork.
I grade every note the same way. These three things drive your price more than anything else.
The payer
Do they pay on time? How long have they been paying? How much did they put down?
The property
What's it worth? Does the payer live there? Are the taxes and insurance current?
The paperwork
Is it a first lien? Was it recorded? Did an attorney or title company draw it up?
Then come the numbers: the balance, the rate, and how many years are left. Try the calculator to see a rough range.
Meet the buyer
Hi, I'm Larry Hoffman.
I'll tell you what your note is worth, even when the answer is "keep it."
I've invested in real estate since 2006 and bought more than 300 mortgage notes. I run LJH Investments, LLC, an Ohio company based in Madison, Indiana.
I have an engineering degree, so I trust numbers and documents over sales talk. You'll get the same from me. Clear numbers, plain answers, and the same person from quote to closing.
Straight answers
Questions sellers ask me.
What kinds of notes do you buy?
First-lien real estate notes. That includes owner-financed mortgages, deeds of trust, and land contracts (also called contracts for deed). Most are on houses. Land, mobile homes with land, and small rentals are case by case.
How much will I get?
It depends on the payer, the property, the paperwork, and the terms. Most notes sell for somewhere around 70% to 85% of the balance. Strong notes with a short term can go higher. I make two offers: one for the whole note and one for part of it. Try the note value calculator for a rough range.
Do I have to sell the whole note?
No. You can sell a set number of payments for cash now. After those payments are made, the note comes back to you.
How long does it take?
Most sales close in about 4 to 5 weeks. Most of that time is the title search and the property value check.
Does it cost anything to get a quote?
No. The quote is free and you're under no obligation. Closing costs (property value check, title search, and attorney) come out of the offer, and my written offer lists each one so you know exactly what you'll walk away with.
Read before you sell
Straight answers for note sellers.
Free and no obligation
Find out what your note is worth.
It takes about five minutes. You'll get a straight answer, even if the answer is to keep it.
Not selling a note?