12 Things You Can Do With A Note

Lawrence Tepper, a prominent note appraiser, shares that promissory notes are valuable financial tools. Here are 12 things you can do with them:

1. Hold for investment income
2. Hold in a tax-free or tax-deferred IRA account for income
3. Sell for cash
4. Exchange for real estate
5. Use as a down payment on real estate
6. Use as security for a loan
7. Use to repay a debt
8. Use to make a gift
9. Use to reduce taxable income
10. Use to divide assets in a business or domestic settlement
11. Sell some or all of the notes' payments
12. Sell some or all of the note's balloon balance

Source: Lawrence Tepper, www.promissorynoteappraisers.com, [email protected]