Recently I read an article that had a historical reference within it that stood out to me. I think that you will find this interesting.
We say all the time the note business is simply the financing side of real estate. The note business has been around as long as people started borrowing money to buy real estate.
Below is a page of a will dated 1915. The will belongs to Fred Trump, grandfather of Donald Trump. Donald’s grandfather not only acquired real estate but he also owned mortgage-backed notes.
The will was recently posted by ancestry.com and used in an article by NY Daily news.