New York Note Holder Wanting To Sell A New York Note

I worked up a quote for a note holder in NY wanting to sell a note with a 4% interest rate for 20 years. It was unfortunately below what she hoped it was worth. The reason was that when discounting future incomes, the lower the rate and longer the period, the steeper the discount. This will be the case for any note buyer. Please keep that in mind when creating a private mortgage note. It will mean a lot more money in your pocket whether you sell the note or hold it for the monthly income.