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EP 15 – Correctly Creating Owner Financed Notes That Sell with Andi Lemons

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Summary

First published

05/03/2018

Genres

business careers entrepreneurship

Duration

173220 minutes

Parent Podcast

Note Camp Season 1

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Episode Description

Andrea Lemons with First National Acceptance Company, one of the largest buyers of owner-financed notes in the country, discusses the best way to create and structure your owner financed notes to achieve the best possible sale price. Andrea shares that they purchase almost every property type, but their bread and butter are single-family homes which have the lowest risk for two reasons, that being that they maintain value and in periods of distress and they’re the very last asset to be let go. On the other side of it, she shares that commercial properties and land are the two riskiest ones because they’re properties that aren’t necessarily disposable but in financial distress, they’re among the first things that people let go. As part of FNAC, she’s very passionate about closing deals, helping people, and putting people in good situations. She shares that what puts them above the rest and what has kept them doing what they do for 40 years has been their passion for serving.

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