Little bellow Patrick posted a post about selling his note portfolio or not. This is amazingly honest post that sums up the bussiness of land selling owner financing. Thank you for your honest description of this Patrick! Very good and very honest. This is pretty much where you’ll end when selling owner financing. I do. It’s a great profit, but boy it’s a hustle. You’re constantly dealing with all kinds of issues from buyers, people not paying, drama on the land, getting them out of your land, selling and reselling the land, begging them for payments, taking their junk out of your land and many others. It’s anything but passive 🙂 I believe it is worth it, but I also understand the sell for cash and be done with it model too like Steve and Jill recommend only now.
Patrick, you ask if you should sell. I think I would sell the whole portfolio for cash if my involvement was getting close to 20-25 hours per week dealing with all kinds of issues from these notes. How much time per week do you spend dealing with these 35 notes per week on average?
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