A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time in which to fulfill this promise.
2. What if I want cash now instead of waiting 30 years to get paid back?
That's where I come in. I work with investors who are interested in purchasing your note (or your client's note) from you so you can have the money you need. This way, you don't have to worry about late payments or non-payment any longer!
3. Who invests in notes?
Actually, there are thousands of individuals across the country who invest in notes. However, they are small time compared to the banks and pension fund managers -- they are the biggest investors in promissory notes because they are considered to be fairly safe investments. Additionally, investors will know their yield before they even buy the note -- you can't get that from investing in the stock market!
4. How much is this going to cost me?
There is no charge to list your note (or your client's note).
5. How long will it take before I get my money?
Normal closing time is 2 to 3 weeks, once we have lined up a buyer.
