Selling a mortgage note allows you to receive a lump sum of cash now rather than waiting years to collect monthly payments. People sell notes for many reasons, including paying unexpected expenses, investing in other opportunities, funding a business, or simply eliminating the responsibility of collecting payments.
A mortgage note is a written promise by a borrower to repay a loan according to agreed-upon terms, including the interest rate, payment amount, and repayment schedule. The note is typically secured by real estate through a mortgage or deed of trust.
It all depends on your other income on the amount of taxes you will pay, and we are not accountants.
Depends on how u set up your note, term and interest rate equity, either through the down payment, seasoning or any improvements Credit worthiness of your payors.