The cash flow industry is a booming business. It refers to the purchase and sale of income streams, i.e. notes.

What is a note?

A note, simply put, is a promise to pay. The note itself is a document that includes the face value of the note, interest rate, monthly payment, term of the note, and any other clauses agreed upon by the parties involved.

How is a real estate note created? Here are a few examples:

1. Samantha Seller owns a home free and clear and Bill Buyer is interested but cannot qualify for conventional financing. Samantha Seller then agrees to carry the financing. Samantha Seller becomes the bank and Bill Buyer