Sell A Promissory Note On Farm Land?

Yes, you can sell a promissory note on land. While land notes are tougher to sell, they are sellable to the right investor. As a matter of fact I am working on buying a farm land note right now. In order to sell a note on land, you will need to have a nice down payment. I’d say 30% or more. It also helps if the land is improved or is income producing like farm land. Also. be sure the terms are attractive with the amortization period not too long and the interest rate is above market rates. I’d suggest 8% to 10%. Bottom line is you can sell a promissory note on about anything if the down payment and terms are attractive.