We buy seller financed real estate notes. What does that mean?

Real estate notes are sometimes referred to as:
promissory notes
trust deeds
real estate contract
mortgage note
sales agreement
contract for deed
installment land agreement
etc.

The simple definition: If you sell real estate (house, land, commercial) and you
owner finance the buyer (which means you become the lender for the buyer) then this note that you have created, is what I like to buy.

I cannot buy every note. Some are simply not worth buying.

Some real estate notes might have poorly worded clauses in them.

Some notes have defaulted, bankrupt borrowers - which make it tougher to buy
the note.

Some notes are secured by real estate that doesn't make sense (like a landfill that
stores hazardous waste).

But, by and large, about 80% of the notes I see, I am able to at least make the note
holder an offer for their note. That doesn't mean my offer will be accepted.

Anyway, Hope this answers the question about what are real estate notes.