Promissory Notes Explained

In today’s video, Scott goes over Promissory Notes and how they are used in an owner financing transaction.

Scott Horne has been a real estate, title attorney, and investor for over 30 years. Over this time, he has purchased, rehabbed, and sold over 7,000 single family homes. Through his companies and law office, he has transacted over 10,000 creative finance deals. Scott’s experience as both an attorney and an investor puts him in a unique position to help you navigate this tricky business every step of the way.

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1. The Subject To Academy
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2. Everything You Need to Know About Liens
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3. Scott Horne’s Owner Finance Real Estate Investment Training
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4. 1 Day Recorded Training on Owner Financing
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5. Owner Financing for Realtors
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✅ 𝐍𝐞𝐞𝐝 𝐡𝐞𝐥𝐩 𝐰𝐢𝐭𝐡 𝐚𝐧 𝐨𝐰𝐧𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧?
1. Legal Services
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2. Title Services
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3. Note-Pro Services
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4. RMLO Services
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5. Loan Servicing
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Intro – 0:00
Secured vs Unsecured Promissory Notes – 00:39
Deeds of Trust – 1:59
How Promissory Notes Are Structured – 3:35
Why Promissory Notes Are Used In Owner Finance Transactions – 5:21
Things To Keep In Mind When Structuring Promissory Notes – 5:55
What Happens If You Don’t Have a Promissory Note – 7:27
Outro – 9:19