A 28-acre New Mexico property sold for $35,000 with 20% down. The seller sold the note to Damen Capital at closing and collected $28,000 — 80% of the sale price without waiting 5 years.
The seller listed a 28-acre New Mexico property at $35,000 with seller financing to attract rural land buyers.
With a $28,000 note at 9.9% over 60 months, Damen Capital quoted $21,000 for the note.
Damen Capital purchased the note at closing and wired funds directly to the seller. Total cash: $28,000.
Managing a note on a remote 28-acre property means tracking payments on a property that's hard to inspect and harder to repossess. This seller skipped all of that and collected $28,000 at closing — 80% of the sale price with no ongoing obligations.
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