The Dangers of Flipping A Home and Selling The Mortgage Note
There are still house flippers out there despite the real estate market. Some flippers even think it’s a great time for house flippers due to the abundance of foreclosures. And I would agree that there are a lot of bargains in the real estate market today. However, if you are planning on selling a private note you need to be very careful. The biggest issue you will run into selling a note to a private mortgage note buyer is valuations. Flippers often see what a great deal the house they are buying is but often ignore the slew of other or pending foreclosures which will continue to pull down values often including the flipper they just purchased. So flippers beware when looking to sell a mortgage after the sale.