What is a cash flow note?

A cash flow note is a contract between two individuals, the seller and the buyer. The Seller has property, ie, car, boat, plane, real estate, business, for sale. A buyer comes along to purchase the item and enters into a promissory contract with seller. This is also called a cash flow or cash note. The contract/note has a structured frame work just like a bank mortgage. Terms, ie, 360 months, monthly payments amortized or interest only, interest rate, balloon payment at end of contract. The contract/note is created between the seller and the buyer. It is an easier way to get around the commercial banking issues. It is a creative way to quickly buy and sell property, homes, mobile homes, RVs, and other vehicles. The note/contract is recorded in your local county recorders office. The note is secured by the property itself. If the buyer defaults on the payments, the seller will forclose and the property is returned to the seller. I locate the holder of this cashflow note. After several months, 12-18, I will make an offer to cash out the note holder,(seller) for a lump sum. The buyer continues to pay me the agreed upon monthly payments in the original contract. The seller is happy with the lump sum and is no longer associated with the property or the buyer. Contact me if you need to cash out your NOTE!!!!! Free Quotes Also!!!!