|Mealey's USA Direct|
1. What is a note?
a. 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?
a. 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?
a. 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?
a. There is no charge to list your note (or your client's note). Please click here and fill in the requested information. We'll have a buyer lined up for your note (or your client's note) within just a few days.
5. How long will it take before I get my money?
a. Normal closing time is 2 to 3 weeks, once we have lined up a buyer.
If someone owes you money and is making regular payments to you, you are the holder of a note, mortgage or an IOU. If that note is secured by property or real estate you have an asset that can be sold for immediate cash! Why Should you sell it? 1. To pay off debts with a higher interest rate. 2. To make another investment that will provide a greater return. 3. To relieve the burdens of bookkeeping and payment collections. 4. To invest in a more diversified portfolio that provides greater security than a note, or mortgage. 5. You won't have to worry about default. 6. You won't have to worry about IRS income tax reporting requirements. 7. You won't have to worry about bankruptcy of the payor. 8. You won't have to worry about divorce or death of the payor. 9. You won't have to worry about IRS tax liens against the payor. 10. You won't have to worry about your note being assumed by a dead beat payor. 11. Get a lump sum NOW rather than waiting for payments to trickle in over the years.
If you have any other questions, please feel free to contact us. We will be happy to help you.