The Note Investor Podcast: Recent Episodes
Dan Deppen
The Note Investor Podcast will guide you through the ups and downs of note investing, and teach you about all of the nitty gritty details of the business that other people won’t talk about . Your host, Dan Deppen is a former aerospace engineer and product manager who transitioned away from cubicle life to full time note investing in 2018. Our website is www.fusionnotes.com, where you can subscribe to this podcast, comment, and find links to other information on note investing.
Dan and Nic discussed their experiences in the note space, the potential of technology solutions in the real estate industry, and the current state of the US economy. They also explored the challenges and opportunities in the commercial market, particularly focusing on retail and office spaces, and the potential of alternative investments. Lastly, they shared their investment strategies, emphasizing the importance of stable returns and avoiding stock market volatility.
Connect with Nic DeAngelo: https://saintinvestment.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Dan and ForrestJinks, CEO of Altus Equity, discussed their experiences in the real estate industry, with a focus on distressed assets and the current state of the market. They also discussed the challenges of buying and selling individual non-performing loans, particularly in the context of private equity-backed debt funds.
Learn more about Altus Equity: https://www.altusequity.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
In this episode Dan discusses the recent CFPB announcement regarding land contracts, and explains some of the rules of road you need to follow when originating consumer loans.
Link to the CFPB announcement: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-to-stop-contract-for-deed-investors-from-setting-borrowers-up-to-fail/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
In this webinar, Dan Deppen and Justin Bogard discuss seller finance and the best practices for creating seller finance paper. They cover topics such as the value of a note, underwriting the buyer, collateral type, buyer's equity, and the terms of the loan. They also discuss the importance of using an RMLO (residential mortgage loan originator) to ensure compliance with Dodd-Frank and CFPB rules. The conversation emphasizes the trade-off between risk and reward in seller financing and the importance of attracting the right buyers through effective advertising. In this conversation, Dan Deppen discusses the importance of pay history and credit when buying and selling notes. He explains that pay history is crucial in determining the reliability of the borrower, especially for newly originated loans. Credit becomes less important when there is a good track record of payments. Poor credit can be overcome if there is a strong payment history. Dan also emphasizes the need for proper documentation and the benefits of using a loan servicer. He concludes by discussing the concept of selling partials and the potential tax advantages of creating and selling notes.
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Jay Conner joined the podcast to discuss his strategies for raising private money for real estate, which he has been employing since 2009. Jay's approach is similar to mine in that he educates people on how his deals work, and then money tends to find him. He also explored the benefits of self-directed retirement accounts and discussed his approach to managing private lender investments in real estate. Lastly, Jay introduced a new free 7-day private money challenge, 'Raising Private Money with Jay Connor,' to further educate and share experiences in raising private money. You can sign up for the 7 day private money challenge here: https://privatemoneychallenge.com/ Also, check out Jay's YouTube channel and podcast on private money. Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Bill discussed his experiences and strategies in the buying and selling notes, with a focus on residential seconds and the considerations involved in foreclosure sales. He also explored the complexities of managing different levels of client portfolios, the risks and strategies of second mortgage lending, and the importance of due diligence, education, and communication in the note investing business. Lastly, he shared their concerns about the industry, Bill's recent return to podcasting, and the need for integrity and communication in the business.
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Edward Brown joined to discuss his experiences and strategies in real estate investing, with a focus on mortgage notes and bridge loans. We also explored the challenges and costs associated with lending money, including the need for due diligence, the importance of clear communication with borrowers, and the potential for legal battles and foreclosures. Lastly, he shared his business models, the importance of diversification, and the potential for managing funds,.
Connect with Edward at Pacific Private Money: https://www.pacificprivatemoney.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Fred Moskowitz joins the podcast again to discuss the ongoing changes in the note investing marketplace and the broader real estate market. He went deep on the importance of building and maintaining relationships and the shift in note-buying patterns from some investors. We also discussed different CRM systems, strategies for partials, and the potential for the higher interest rate environment to create more opportunities.
You can connect with Fred at https://www.fredmoskowitz.com/.
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Dan and John discussed the role and terms of hard money loans in real estate investment, with John emphasizing the potential benefits and risks, and the importance of understanding the borrower's details. They also explored the licensing requirements for originating these loans in various states, and the potential rewards and risks of purchasing existing owner-occupied notes. Lastly, John shared his expertise and experience in commercial and private money lending, and his goal of helping others start their own funds through a mentorship program.
Connect with John:
JOHN's YOUTUBE CHANNEL: https://www.youtube.com/channel/UCngHik5C9GADJXcyTeO6kkg
INVESTING IN PRIVATE MONEY NOTES: https://www.neufinance.com/investors
LEARN HOW TO BROKER PRIVATE MONEY NOTES: https://course.neufinance.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
In this episode we discussed Jay's background and experience in the real estate business, with a focus on his strategies for acquiring and managing loans, and his approach to assessing loan applicants. We also shared our experiences during the Covid-19 pandemic's impact on our loan portfolios, our portfolio strategy, and the importance of risk management and transparency in business operations. Additionally, we discussed unique situations where they helped family members and other individuals, and the potential for fraud and the responsibility to prevent it.
Connect with Jay: https://cassidyinvestments.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Signup for the free workshop on Buying Notes in 2024: https://us06web.zoom.us/webinar/register/WN_icJlapkYQ_CkU8FBJREeJw
Note Accelerator small group coaching program: https://www.fusionnotes.com/livetraining
Axel Meierhoefer was a former Air Force officer turned real estate enthusiast. His journey, from military service to executive roles, took a pivotal turn during the 2009 Great Recession, leading him to discover the potential of real estate investing. Inspired by his success, Axel mentors clients through his IdealWealthGrower™ strategy and offers practical insights and success strategies with the Ideal Investor Show to help listeners reach incredible possibilities that a portfolio of assets and passive income can bring to you and your family.
Dan and Axel discussed Axel's diverse background, including his experience in the Air Force, software company, and real estate investing. They also delved into the intricacies of real estate investment, the importance of understanding the market, and the concept of outsourcing property management. Lastly, Axel shared his company's real estate investment strategy, the process of finding reliable turnkey service providers, and his approach to building a successful property portfolio.
Connect with Axel and subscribe to his Ideal Investor Show here: https://idealinvestorshow.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Martin is a full time employee at Amazon in Seattle, an agent, and an active real estate investor. Dan and Martin discussed their experiences and strategies in real estate investing and house hacking, including the potential benefits and challenges of these approaches. They also shared their approaches to time management and outsourcing tasks to increase efficiency in pursuing personal interests and projects. Lastly, Marty introduced various personal development resources he finds beneficial, and encouraged everyone to pursue their passions and build a successful career.
You can connect with Martin here at House Hack Seattle: https://househackseattle.com/agent/martin-krimmel
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
In this episode, Dan Deppen discusses his recent busy weeks and then dives into the topic of loan hypothecations. He explains that a hypothecation is when a loan is collateralized by another loan, and he shares how he sets up hypothecated loans and the advantages for the operator. He also discusses the risks involved and provides tips for finding suitable loans for hypothecations. Dan emphasizes the importance of communication with investors and staying on top of bookkeeping.
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
In this episode Dan provides a recap and lessons learned from the Diversified Mortgage Expo (DME). Topics covered include new note investing models, seller finance, buying notes in NY, and much more.
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Brett Swarts from Capital Gains Tax Solutions discussed the concept of a deferred sales trust and its benefits for high net worth individuals to defer capital gains taxes on various assets. He shared his entrepreneurial journey and how he discovered this strategy, which has allowed him to teach others about it. The discussion also covered the flexibility of deferred trusts for investment purposes, the potential to invest in various assets, and the possibility of business owners using it to minimize tax liability.
Connect with Brett: https://capitalgainstaxsolutions.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
In this episode Dan recaps his recent trip with an entrepreneur group to Playa Del Carmen Mexico and brings you some of his key learnings from the event.
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the FREE EBOOK on How to Make Outsized Profits in Notes in 2024: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
This week I spoke with Justin Bogard from American Note Buyers. We talked about how the note market has evolved, his shift in focus from non-performing to performing loans, and several of his lessons learned from years in the note industry.
Connect with Justin: https://www.anbfunds.com/home
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the 5 FREE steps to buying your first note and sign up for the email newsletter:https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
This week I spoke with Chris Seveney. Chris and I both started buying notes around the same time and in this podcast, we discussed cutting our teeth buying land contracts in 2018 and 2019. Note investing was a bit different back then, and we shared many of our more chaotic anecdotes about our experiences with unusual deals, foreclosures, and court hearings.
Connect with Chris: https://7einvestments.com/
Are you Ready to work with Dan to accelerate your note-investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the 5 FREE steps to buying your first note and sign up for the email newsletter:https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Alex Goldovsky joined the podcast to discuss his role as a CEO in three companies focused on improving real estate market efficiency, with a particular emphasis on AI technologies and blockchain potential. We explored the application of machine learning and computer vision in document analysis, the potential of automation in data extraction, and the implementation of a fee extractor in their loan file system. The conversation also touches on the challenges and opportunities in entrepreneurship, the importance of human input in AI technologies, and the potential for further developments in real estate technology.
Alex's companies:
PROTITLE USA: https://protitleusa.com/
DOCSOLUTIONUSA: https://docsolution.com/
ONE DILIGENCE: https://onediligence.com/
Ready to dive in and work with Dan to accelerate your note investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the 5 FREE steps to buying your first note and sign up for the email newsletter:https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Marco Bario, from Porch Swing Funding, joined me to discuss his unconventional career journey from the film industry to note investing, his approach to learning through trial and error, and his experiences with seller financing. We also explored the appeal of a tax planning strategy involving installment sales and Marco's successful approach to pay-per-click advertising. Lastly, we discussed the upcoming Creative Finance Summit in Columbus, Ohio, which is coming up this weekend April 26-28.
Mario's links:
CREATIVE FINANCE SUMMIT: https://regoddess.com/the-creative-finance-summit/
PORCH SWING FUNDING: https://porchswingfunding.com/
Ready to dive in and work with Dan to accelerate your note investing journey?
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
DAN'S LINKS FOR PODCAST LISTENERS: https:www.fusionnotes.com/listeners
Get the 5 FREE steps to buying your first note and sign up for the email newsletter: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
In this episode Dan discusses his future plans for note investing, the current market conditions, and the potential for growth in the seller finance market. He also addressed the challenges and inefficiencies of the current model of buying and selling assets, suggesting the need for a more accessible mechanism for people to become aware of and list their assets. Lastly, he discussed the potential solutions for improving the seller finance market, including a standard due diligence process, a grading system for notes, and easier access to seller finance notes.
Want to learn more about note investing?
Get the 5 FREE steps to buying your first note and sign up for the email newsletter: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com Ready to dive in and accelerate your note investing journey?
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
In this episode, Fred and Tracy joined to provide us with a deep dive on the current state of the seller finance market. They discussed the trends and factors in the seller finance real estate market, with a focus on the increasing volume and value of seller-financed commercial and land notes. They also examined the top 10 states for seller financing and the potential impact of changes in interest rates on the real estate market. Lastly, they highlighted the opportunities in the note industry and announced their upcoming training workshops for those interested in learning more about this growing field.
Get the slides: www.noteinvestor.com/stats
Want to learn more about note investing?
Get the 5 FREE steps to buying your first note and sign up for the email newsletter: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
Ready to dive in and accelerate your note investing journey?
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
Dan and Brett from Paper Stack discussed the state of the note business and their experiences using their platform for transactions. They also delved into market trends, the increasing cases of mortgage defaults, and the use of artificial intelligence in managing and selling land notes. Furthermore, they explored the development of a new system to automate and streamline the transfer and indexing of legal documents, a new tool for comprehensive summaries of important parts and updates of trades, and a new auction-based system to speed up deals. Lastly, they discussed the challenges of their current system and the development process of software, focusing on the roles of developers and designers.
Paperstac website: https://paperstac.com/
Work with Dan Deppen:
5 FREE steps to buying your first note: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
In this episode Darlene shared her experiences in real estate investing, highlighting the importance of mindset and adaptability in navigating market cycles. They also discussed the challenges faced by those in the real estate business, the importance of actual conversations and negotiation skills, and the concept of vision boards and affirmations for long-term goal setting. They emphasized the limits of human management and processing capabilities, the influence of hidden beliefs on actions and decisions, and the importance of maintaining balance in life. Finally, they discussed the concept of understanding and aligning with one's highest values to motivate action.
Connect with Darlene:
WEBSITE: https://darleneroot.com/
Sign up for the Next Level Summit, April 27-28, 2024: https://darleneroot.com/nls/
Work with Dan Deppen:
5 FREE steps to buying your first note: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
I sat down with Nathan Turner to discuss the upcoming Diversified Mortgage Expo. Nathan has extensive experience with note investing dating back to the beginning of the financial crisis. We talked about his experiences getting started, investing in notes from Canada, the origins of ax throwing, takeaways from the Papersource Seminar with Tom Henderson, and many other topics.
Nathan's website: https://www.canadiannoteguy.com/
Diversified Mortgage Expo (DME): https://diversifiedmortgageexpo.com/
5 FREE steps to buying your first note: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast
WEBSITE: https://fusionnotes.com
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/
SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining
In this episode, Dan shares some of the key learnings and takeaways from the recent Paper Source seminar in San Antonio, taught by Tom Henderson.
Get the 5 FREE steps to buying your first note HERE
WEBSITE: https://fusionnotes.com
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, NOTE INVESTING GAMEPLAN
Tom's website: https://hpnotes.com/
Recently I came across some journals I kept in 2017 and 2018, when I first discovered note investing, began learning, and then started doing deals. Some of the advice was spot on, and some was total garbage. Now that I have 100+ note deals under my belt I take a look back at the good, the bad, and the ugly of my initial learnings in note investing.
VIRTUAL WORKSHOP March 8-10, 2024!
Learn how to Buy, Analyze, Manage and PROFIT from First Position Mortgage Notes. This virtual event includes 3 days of note training and includes the recordings so you can watch again later. Sign up HERE.
Get the 5 FREE steps to buying your first note here: https://fusionnotes.ac-page.com/newsletter-signup-page
WEBSITE: https://fusionnotes.com
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
This week DJ joins to talk about a unique subject in note investing: foreclosure from the perspective of the borrower, and advice to borrowers on what they should do and what they shouldn't when facing foreclosure.
Facing foreclosure has to be a daunting experience, to say the least. It's stressful, and emotional, and with your primary residence on the line the stakes are high. DJ takes us through how to manage these situations, which he also covers in his new book, The Foreclosure Fix: 12 Proven Steps to Beat the Bank, Escape Foreclosure, and Turn Your Property into a Profitable Asset. Link to book: https://www.amazon.com/Foreclosure-Fix-Proven-Property-Profitable/dp/B0CRJZ31MB
How to find DJ:
https://theforeclosurefix.com/
https://www.linkedin.com/in/djolojo/
https://www.facebook.com/Djolojo/
https://twitter.com/dj_olojo
https://www.instagram.com/dj_olojo/
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WEBSITE: https://fusionnotes.com
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
Crystal and Rick Rumer from Secured Land Notes have a lengthy and diverse background in real estate investing. They joined me to discuss how they transitioned from doing fix and flips to investing in and creating land notes. We also covered a range of other topics including a shelter they set up in Alaska for sex trafficking victims, and how investing in real estate and notes helps them set up a solid retirement for themselves and a legacy for their heirs. They also discussed some unique ways to improve the economics of multi-family deals by providing alternative sources of electrical power to tenets.
To learn more about investing in land notes or to reach out to Crystal and Rick directly, visit their website at: https://www.texassecurednotes.com/
Email Crystal directly at: crystal@texassecurednotes.com
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WEBSITE: https://fusionnotes.com
PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan
If you want to learn how to use note partials to either retire earlier or retire better, then this video is for you! Dan explains how note partials work, gives some examples, and discusses how to create them. You'll also learn why these creative financing arrangements are great deals for both the partial seller and partial buyer.
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Dan recaps some of his key learnings from 2023, and discusses his plans heading into 2024. Spoiler: They include returning to focusing on his notes business full time.
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In part 2 of this long-running case study, Dan travels to Jackson MS to face the borrower in court. The borrower continues to make crazy claims, and Dan tries to explain to the judge all of the unique abbreviations contained in a pay history report from Allied.
If you want to learn how to get in this game and become an active note investor, go to www.fusionnotes.com/courses, where you will find knowledge you need to go from a beginner all the way to a full-time note investor. You can learn how to find notes, do due diligence, price deals, work out non-performers, do seller financing, even take on outside funding, and a whole lot more.
You can also sign up for our email newsletter and download the free guide with 5 Steps to Buying Your First Mortgage Note HERE.
In part 1 of this wild case study, Dan talks about a non-performing note deal where he was able to work on an agreement with the borrower but then ended up in the legal process when the borrower wouldn't follow through. It takes a number of twists and turns as a pandemic delays the legal process, and the borrower makes a number of crazy claims.
If you want to learn how to get into this game and become an active note investor, go to www.fusionnotes.com/courses, where you will find the knowledge you need to go from a beginner all the way to a full-time note investor. You can learn how to find notes, do due diligence, price deals, work out non-performers, do seller financing, even take on outside funding, and a whole lot more.
You can also sign up for our email newsletter and download the free guide with 5 Steps to Buying Your First Mortgage Note HERE.
Many investors are confused about why someone would be willing to sell a mortgage note that they own. If the note is so great, then why are they willing to part with it? In this episode, Dan breaks down 8 reasons why note owners are willing to sell their asset to you.
To get started in note investing, sign up for our email newsletter and download the free guide with 5 Steps to Buying Your First Mortgage Note HERE.
In this episode, Dan talks about a case study on a deal that just wrapped up last week. It took a number of twists and turns, and after a year of legal work dragging on with no end in sight, and concluded with a surprise payment. There was also some comedy, so listen in to learn why the borrower told the judge she couldn't make a court date!
To get started in note investing, sign up for our email newsletter and download the free guide with 5 Steps to Buying Your First Mortgage Note HERE.
In this episode, Dan talks about what BPOs are, and why they can't be taken at face value. He goes into detail on why BPO values tend to be inflated and then uses real-world data from his own deals to determine how to adjust the values when doing your pricing analysis.
Want to learn more about note investing? Check out this introductory online training course here that will give you a gameplan:
- Note Investing Gameplan
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In this episode Dan reviews the results of the 2022 Best of Notes voting. This is a survey run by Fred and Tracy Rewey to determine the best vendors, software packages, and resources for note investors. He also kicks the episode off with some updates on his own note investing.
When you have good intentions, everything will work out in the end for you. This proves true for Wayne Snell whose business goal was to avoid future foreclosures whenever possible. In this episode, Dan sits down with Wayne, who started in note investing way back in 2011. Along the way, Wayne has closed on hundreds of notes and shares some of his most interesting borrower stories. He is now the Chief Investment Officer for CrowdCapital.io, where he uses his background in technology and investing to help borrowers stay in their homes.
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Building trust can be pretty challenging, but the results can be rewarding. By being honest, your reputation as a trusted note broker will help you build your success as you scale. Derek Louden from Gardiner Capital Group is the third in a long line of real estate investors from the Dallas area. In this episode, Derek talks about how to become a trusted and reliable note broker. We dive into what it takes to be a counterparty that note buyers and sellers want to work with. So tune in to this episode and learn how to avoid the common mistakes note brokers make and build rapport with the people you want on your side.
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This is a replay of one of the most popular episodes of the Note Investor Podcast. Dan reveals some of his more important lessons learned as a note investor.
In this episode, Dan talks about how his retirement portfolio has weathered the market downturn this year and discusses some recent events where his notes business made it easier to extract himself from a toxic work situation.
Fred Moskowitz joins the podcast again with advice for note investors. He discusses the need to understand the nuances of not just the state, but sometimes a local jurisdiction that you are buying a note in. We also talked about the importance of doing due diligence not just on an asset, but on the counterparties you are working with as well. Fred thrives in this industry because he values relationships and he was able to learn from the best. So this is also your chance to learn from an industry veteran’s expertise within the note investing arena for you to be able to start and hopefully grow your capital!
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Did you know that it's possible to bid on foreclosure auction properties even after the auction? That's right! Founder of AfterAuctionBid Matt Kelley returns with some amazing information on the way to buy auction properties in California after the auction has taken place. That might sound confusing, but Matt explained how you could do this and get some incredible deals. He chats with Dan Deppen to speak more about the benefits of bidding after auctions and to explain how it works from the legal side of things. Tune in to learn more about after auction bidding and a more regulated way of buying properties.
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Mortgage notes are quite easy to come by. There are several note auction sites like Note Trader Exchange, Stackfolio, or Debexpert. Not all are great, and some are overpriced, but they are designed for small investors. If you want to buy the bigger and better notes, you have to find them yourself. Listen in if you want to know where you can find them.
Join Dan Deppen as he sits down with the legendary Matt Kelley to talk about his presentation from the recent Paper Source conference. Matt goes on a deep dive on specific places you can go to buy mortgage notes right now. Matt is a full-time note and real estate investor acquiring nationwide delinquent loans and real property. As a certified foreclosure expert in the states of California, Arizona, Nevada, and Washington, Matthew has been called upon as an expert witness in the fields of foreclosure, default, and loss mitigation. He also advised some of the largest mortgage servicing companies, Credit Unions, Law Firms, and investors throughout the United States.
Learn more about mortgage notes and where you can find them today!
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What is due diligence? How important is due diligence when assessing a property? To answer that, Dan Deppen sits down with Dickie Baldwin from Baldwin Advisory Group. Dickie has 40+ years of experience in the industry, and he went through in detail some of the reports that note investors can purchase as part of their due diligence process. We covered a lot of ground in this episode, and Dickie went through what to look for in a Broker Price Opinion (BPO), Property Condition Report (PCR), Ownership and Encumbrances (O&E) report, and a few others. Don't miss out on these expert tips for a thorough due diligence process on your next property.
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By selling a note with First National Acceptance Corporation, you can get up to 97% of the UPB. In this episode, Dan Deppen sat down with Rachel Sims of First National Acceptance Company (FNAC) to discuss what exactly they do. Rachel has been purchasing Notes for over six years and is now working with performing and reperforming Notes in all 50 states. FNAC buys notes from individual investors and brokers. Rachel discussed their process for buying notes, how COVID didn't disrupt their business the way they initially expected, and also some unique situations they have run into.
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In this episode, Dan talks about his recent trip with a group of entrepreneurs and the upcoming Papersource conference in Las Vegas. Then he responds to a very thoughtful email asking about the pros and cons of W2s and investing in real estate. If you are attending the Papersource conference in May, use the code FUSION to save $50.
In this episode, Dan shares the results of the 2022 note investing survey. He discusses what note investors are struggling with the most, and shares some of the results that were surprising.
In this episode Dan talks about why he likes to buy 1st position, performing notes for his self-directed IRA. Then he provides some quick tips for how you can use your SDIRA more efficiently.
Why do loans go bad? Dan Deppen welcomesFred and Tracy Rewey, who created aCash Flow Expo to spread cash flow literacy. They are the founders of NoteInvestor.com, providing real-world information about note investing. Since 1988, they have handled millions of dollars in owner-financed real estate notes.
Fred and Tracy reveal how low the levels of financial literacy can be. When you don’t have the correct information, your loans go bad. So you need an online virtual conference to learn everything you need to know about cash flow. Then you can turn even a bad deal into a positive one.
Are you ready to learn about cash flow and live a life of abundance? Start by tuning in!
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2022 is shaping to be a pivotal year for real estate investors coming out of the pandemic. Is this year the year the housing market will boom? Today, Dan Deppen looks into the signs. With US housing prices steadily rising for the last 10 years, could this rate of growth continue? Dan reviews an article from FinancialSamurai.com, and goes through 8 reasons why it can and probably will. We'll talk about the impacts of inflation, interest rates, supply chain issues, and several other factors that will influence the housing market and your mortgage note portfolio.
2021 is coming to an end. In this special episode, Dan Deppen looks back on how the note industry has fared this year. On another note, he discusses his own business and personal goals that he’s met this year and what didn’t go so great. As the new year approaches, Dan shares his goals in business and with his personal interests. Tune in and get tips plus access to tools to help you get a head start on your 2022 plans!
Is the next wave of foreclosures coming in 2022? Dan Deppen welcomes Franco Barile, a Primary Foreclosure Attorney and the Co-Founder of Sottile & Barile. Franco talks with Dan about how COVID has brought several moratoriums on evictions and foreclosures. Plus, the moratoriums expiring in January of next year could lead to the next wave of foreclosures. Join in the conversation as Franco shares amazing insights on how difficulty in hiring employees could lead institutions to sell more of their non-performing loans because they don't have the resources to handle them. If you want to get an update on the current state of the market, you wouldn’t want to miss this episode. Tune in!
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Your loan servicer will have a ton of useful information on your loans available to you. But they can be confusing and hard to understand, and no two servicers use the same format. You have all this data at your fingertips, but it's hard to find value if you can't interpret them. In this episode, Dan Deppen goes through some of the most common lender portals and guides you on navigating them. Plus, Dan shares what's the most complex versus the least cryptic portals there are. Stay tuned!
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Real Estate notes can be a bit like the wild west sometimes. You can run into some wacky, weird deals that can be remembered as your weirdest note deal of all. In this episode, Dan Deppen talks about his craziest note deal yet. It involved a foreclosure and a cash for keys, a police report, a career criminal, and lots of other twists and turns. Tune in and hear more about Dan’s wacky and weird deal and learn about how crazy the note space can be.
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Transparent communication is one of the main pitfalls most investors fall into. You want to be able to invest in a note with a servicer so that you will be in good hands. The loan servicing industry exists so that they can help and guide investors, so communication is key. This week, your host Dan Deppen is joined by Shante Duffy from BIFI Loan Servicing. Shante has years of experience in the loan servicing industry. Listen in as Shante provides helpful tips for new note investors who are just getting started. She also talks about some of the challenges involved with getting a new loan servicer up and running.
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Getting into note investment can be intimidating for first-time investors. This is why your host Dan Deppen is going to answer some of your most common questions about note investment. Join Dan as he goes over five important steps and lessons that investors need to understand going in. Learn how to buy property, the risks of buying vacant properties, performing and underperforming notes, and much more. Also, get a few tips and tricks that helped Dan enter into the note space. Listen through as the episode wraps up with a special coupon code. Get a discount on the Note Launchpad online training course today.
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Do you want to broaden your knowledge on the process of note investing? In this episode, Dan Deppen reviews two recent deals that went through the foreclosure process and resulted in the sale of the property. Both were also delayed due to a delaying tactic. Learn how the timeline for nonperforming notes can get longer than you would expect and how to navigate some of the legal hurdles and issues with city code enforcement that can come up in these deals.
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Investing is a rewarding endeavor if you can do it right, but it can also be TAXing if you don't play your cards correctly. If you’re tuning in, chances are you’re interested in becoming a note investor and take your share of its golden egg of opportunities and possibilities. But there's a slight problem: how do you start? In this episode, Dan Deppen shows you the ropes on how you can start strong and end strong in your path to note investing with his comprehensive plans and strategic blueprint. Join him as he dispels you from the restraints of being plan-less and overwhelmed in your note investing journey.
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If you’re new to the note space or planning to do it actively any time soon, then you tuned in to the right episode. Becoming a note investor comes in five distinct phases. Each of these steps represents a specific area of learning that ever aspiring active note investor has to go through in one form or another. Listen in as Dan Deppen goes through each of these phases and throws in some actionable tips that you can apply to your own investing journey.
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Buying notes is one thing; taking them through its life cycle takes a whole different skill. In this episode, Dan Deppen lets us in on some of the systems and processes that he uses in his notes business, particularly on the twelve stages of a note deal. He breaks down each of these stages and how he uses his CRM to track the status of a deal. By grouping notes in these stages, investors can get a nice dashboard view of the business at all times. Join Dan in this conversation as he takes you on a step-by-step guide on taking your note to the exit you desire while reminding you of some of the important things to think about during a particular stage on your note deal.
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Seller finance may seem like the bottom of the mortgage loan sieve, but it is also a sieve in its own right. To save yourself from a lot of headaches, you need to be clear upfront about whether your borrowers will qualify for a Dodd-Frank compliant loan or not. Pre-screening your borrowers can save you a lot of time in this process. Listen in as Dan Deppen brings in Max Bailey from Call the Underwriter to share some of his tips about this on the podcast. Max also talks a bit about loan origination.
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Many people make the mistake of leaving their money sitting idle in an account. It is time to tap into the opportunities there are as Dan Deppen sits down again with Fred Moskowitz for this episode. Fred runs a note fund and is an author, speaker, and educator. Together, they talk about retirement accounts and the importance of utilizing alternative investments in them. With his new book, The Little Green Book of Note Investing, Fred shows us a couple of great ways to take a deep dive into the industry from the perspective of someone who is learning about it. They also discuss how notes can be used even for HSA accounts.
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Being one of the most crucial areas in investing, due diligence calls for proper guidance and knowledge. But this may not be as smooth and simple for every investor. This is where the help of a title company can be most appreciated. Dan Deppen talks to Dickie Baldwin of the Baldwin Advisory Group about how he and his team assist investors in dealing with the most important reports and services note investors should understand and take note of, particularly details that are not included in the title report. Dickie also shares how their services work and what investors can expect when working with them, especially on the financial side.
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The year 2020 brought a wild ride to everyone, from the fleeting pandemic to the divisive elections. And now that the new year is upon us, it is time for a fresh and reassuring goal setting. In this episode, Dan Deppen recaps the crazy year that was 2020 and how it impacted the notes business. He talks about his process for setting goals and shares some of his plans and aspirations for 2021. Furthermore, Dan also tells some interesting stories from the closing year, from the nightmare process he underwent in selling his hoarder house, his YouTube and podcasting wins, and his victory in a golf competition.
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For the longest time, this podcast has been going deep into some quite advanced material in note investing. However, there are quite a number of requests for some basic information for those who are just starting. If you are new to note investing, or have just heard of it and want to know what it is, then this episode is for you! Dan Deppen goes over the basics and discusses what a note is, how to profit from them, and some of the advantages and disadvantages of investing in notes versus other types of real estate. This is not a rainbows and unicorns promotion of note investing. This episode covers everything from the good things to the potential negatives. Listen in and decide for yourself if it’s something you would want to pursue!
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There has been a lot of discussion in the news lately about forbearance agreements, but what are they exactly? How do you implement them as a note investor? In this episode Dan Deppen covers what forbearance agreements are and what different types of it exist. He deep dives on the structure he uses to increase the chance that the borrower follows through and some tricks to maximize your ROI. He wraps up with some real world examples. Join in as Dan teaches us how to make the most of this new force in the loan space.
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Some things may not deserve a whole podcast of their own, but are nevertheless worthwhile sharing. Dan Deppen takes seven of these topics that came up for him over the last few weeks and condenses them into this grab bag episode. Dan talks at length about a variety of topics ranging from dealing with the various types of realtors and getting REOs sold, to his first "fire" sale. This may look like a random collection of note investing tidbits, but scattered all around are some nuggets of useful information that you might want to get a piece of. Join in and see where it takes you.
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It’s been an interesting 20 years where we had the dotcom crash, the 9/11, and the financial crisis. Now, there’s the threat of COVID looming over not just the real estate space but practically every industry! In this episode, Dan Deppen sits down with Kyle Zimpleman from Expand Capital Group. Kyle has been investing in real estate for over twenty years and has experience in several forms of real estate investing including running a note fund. They discuss the changes in the note industry over time, and the unique environment we find ourselves in today.
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What does it take to become a good note seller? In this episode, Dan Deppen talks about how to be one and also how to recognize them when you are the buyer. Some sellers you run into will turn out to be crooks. Some will have problems with their notes because they are disorganized. Others have everything put together. Dan covers some key things to watch out for, and the red flags that could indicate the person trying to sell you a note is a crook.
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Many note investors put loans in two buckets, performing and non-performing. But in this episode, Dan Deppen discusses sub-performing loans, which lie somewhere in between. It's one of his favorite types of loans, and he talks about what they are, and some of the advantages and risks involved with buying them.
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What factors do you need to consider when pricing performing notes? Important as that question may be, it seems to be an underserved topic, and many note investors still make avoidable mistakes. Dan Deppen takes us through some of the basic things we need to know about pricing notes, specifically performing ones. How is price determined? What are the risk factors that you need to consider? Why is pricing subjective? What are the most common pricing mistakes that note investors make? Get the answers to all these and more on this episode.
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It is natural to hit a few bumps in the road when it comes to note investing, but just because it is inevitable doesn't mean you can't set up a few safeguards to limit the damage. In this episode, Dan Deppen discusses loss mitigation. He shares the three ways note investors can handle it and lays down some helpful ways to automate the process and create some standard operating procedures. Tune into this discussion to know the options you have when faced with an incoming foreclosure.
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As note investors, we take pride in being able to control our time. However, a lot of that time gets lost while we are immersed in performing due diligence for our next bid. In this era of digital technology, automation pervades every aspect of every industry. It shouldn’t be any different for note investing. In this podcast, Dan Deppen sits down JD Bates, the CEO of FiveSigma and creator of NoteProz, to discuss some of the automation tools he has built for performing due diligence. JD claims that with these tools, you can radically shorten the amount of time you spend on due diligence and increase your productivity as a result. Stick to the end to avail of his special offer!
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All notes are not made equal. In this note investing journey, investors will have to encounter good and bad notes from time to time. In this episode, Dan Deppen goes in-depth on two non-performing note case studies. The first one reperforms and turns out great. The second one not so much. If you are new to note investing, then keeping in mind these things may help you navigate the sometimes unpredictable waters of this space. Listen in to find out some of the unexpected problems you can run into so you can create a game plan to overcome them.
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No matter how long you have been in the note investing game, there will always be deals that come with unexpected twists that will blow up your mind. In this episode, Dan Deppen goes through a case study on a non-performing note that turned into a seller finance deal. He follows the deal through several twists and turns including a failed forbearance agreement, a cash for keys deal, a borrower who doesn't leave when he is supposed to, becoming a renter, and finally selling the property and creating a new mortgage. In the end, Dan made a sizeable profit with this deal, but he had to go through a lot of challenges, learning valuable lessons along the way. Grab a seat, listen, and learn from his experience.
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No matter how long you’ve been in the note business, you will always find so much variability in the outcome from one deal to another. In this episode, Dan Deppen reviews the numbers from twenty recently exited note deals. He focuses on the average returns, as well as the highs and lows. He also deep dives into selling REO properties and how the sale process of an REO can be significantly lower than the initial BPO estimate of the value, wrapping it up with a summary of adjustments he’s been making to his notes business to improve results.
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With so much going on with the market, it helps to really hold on tightly to the basics of the space before you lose yourself. In this episode, Dan Deppen had a great discussion with someone who has been investing in real estate and notes for a long time. He sits down with Kimberly Banks Fawcett from Note Investing Academy and Diversified Mortgage Expo (DME) to talk about the current COVID-19 situation and how that may affect the note investing industry and the greater economy. Helping newer note investors to learn about the industry, they then discuss how Note Investing Academy gets people in the note game without having to spend tens of thousands of dollars. Kimberly then gives us a peek into the next DME event—aiming to bridge the gap between new and experienced investors—and when and where to expect it as soon as the condition allows.
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There are just some processes in your business that you need to do routinely. In order to make sure that you are following through with the consistency they require, especially if you want to be more efficient and scalable, then you need to have your standard operating procedures in place. In this episode, Dan Deppen discusses the standard operating procedures for your notes business and why they are important. He shares some of the lessons he learned that allowed him to set his business up for scalability and then lists down the tools you need to automate your procedures, along with a step-by-step guide on how to implement them.
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Today, it can be hard to look for clients in the real estate or note investing space. However, Cody Cox from Funding Factors puts a brighter perspective and bigger hope for the industry despite the economic crisis due to the COVID-19 crisis. Dan Deppen talks to Cody about his 37-year journey in the mortgage and real estate industry. Cody explains the challenges of mortgage lenders today and offers some tips on how to keep the boat floating. Join Dan and Cody as they discuss some of the ups and downs the industry has seen, including interest rate fluctuations, the S&L crisis, the financial crisis of 2009+, and the current COVID crisis.
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We are in the midst of uncertainty. Collectively all over the world, we all have been feeling the disruptions caused by the COVID-19 Pandemic. It is testing almost all institutions, such as healthcare and finance. In this episode, Dan Deppen goes over his current thoughts on the crisis, and how it may impact the note business. He covers short-term and long-term impacts, as well as how it may affect the supply and pricing of notes. Pointing you out of this dark tunnel in the near future, Dan then provides some great advice that will help prepare you to take advantage of the opportunities waiting to arrive.
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Many note investors don't understand the rules that need to be followed to add charges for force-placed insurance or delinquent taxes. If you do it wrong, the amount may not be collectible. In this episode, Dan Deppen interviews Saprina Allen who has over 25 years of investing experience in many facets of real estate, specifically debt collection portfolios. They cover a range of topics, including the importance of continuing education, even for people with decades of experience in the mortgage industry. Saprina also talks about her mastermind group, as well as how to properly add charges to loans.
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In this episode, Dan Deppen goes through three case studies – two notes that re-performed and one that became an REO – to give an idea of the ROIs that you can see when notes reperform along with some of the problems you can run into with REOs. By giving a representative sample of what he has seen in some of his ideals, he gives everyone a good idea of the reality of what happens in these note deals.
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The IMN Conference is an annual notes and defaults servicing conference that's held every February in Fort Lauderdale. While it only runs for a short period of time, it's the perfect opportunity to pick up and learn quite a few things. Dan Deppen goes through his key takeaways from attending this prestigious conference. His learnings are a mix of both note industry knowledge and general knowledge for attending these kinds of conferences. Check out what Dan has picked up from the IMN Conference!
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REOs can be one of the most challenging aspects of the notes business. In this episode, Dan Deppen interviews Melanie Jacob about her experience dealing with her first REO. Melanie is a serial entrepreneur and registered dietician. She goes over this case which included some twists and turns she has never encountered before, including the borrower shutting off the power and a neighbor's tree falling on the property and knocking out the power a second time.
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Smart note investing means that you give yourself the capacity to assess all aspects of a potential deal to see what could go well and what could go wrong. In this industry, you have to be well-informed about the decisions you make because one wrong move could spell disaster. Fred Moskowitz is an experienced note investor who also trains others to create passive income streams of their own. Dan Deppen talks to Fred about the many things you need to consider when entering into a note investment deal. Let Fred and Dan teach you the smart way to go about your investments today!
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There are two common ways of going about buying a property. One is by applying to a conventional financial institution and the other is through seller financing. If you prefer to walk the latter route, then this episode is just right for you. Tracy Z Rewey of Diversified Investment Services gives the lowdown on seller financing. Covering two sides of the spectrum, Tracy discusses how you can get started in seller financing whether you’re a buyer or a seller. She taps into finding buyers and getting a note originated and acquiring properties to create notes. She also talks about teaching people to understand the time value of money and put interest to work for you as an investor.
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Note investing requires a number of different software tools—from email apps and CRM to marketing apps and much more. In this podcast, host Dan Deppen talks about the main programs he relies on for his notes business. He then shares some of the changes he is making, as well as the tools he is switching out. Finally, Dan goes over some new things he is testing that you may not have heard of yet. Tune into this great episode!
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Note investing may come across as something very technical to those who don’t know the inner workings of its transactions, and this could be a determining factor when deciding to invest or not in the industry. With the rapid growth of technology, it’s no surprise that Paperstac, a technology that’s made for the note industry, came to life. Brett Burky, the Cofounder and Marketing Director of Paperstac, joins Dan Deppen on today’s show to introduce their product. Brett talks about how their technology can help take away all the hassle you’d have to go through when you decide to get into the mortgage note investing. Don’t miss this episode to learn how you can go from researching an investment opportunity and screening the investment, all the way to purchasing from the comfort of home.
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Have you ever looked for a particular real estate service but found too many companies to choose from or really don’t know where to go? In this episode, learn about the one bag for all your real estate services with BAG. Dickie Baldwin is the CEO of Baldwin Advisory Group. With Dickie’s 40 years of experience and tons of vendors, sellers, and buyers contacts, he decided to help people fulfill their real estate needs easier and at a reasonable price. Join Dan Deppen and Dickie as they dive into the broker price opinion and the services found on the Baldwin Advisory Group website - from the property inspection report to title searches and everything in between.
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Whether you are looking into something to invest on for your retirement or simply considering a good investment to put your money on, then try looking into buying notes. To help us learn more about note investing, host Dan Deppen talks with real estate investor Justin Bogard of Bright Path Notes. Justin discusses his experiences in the business and offers some tips on buying notes in different states he already went and shopped at. Don’t miss this episode to discover why real estate investing could be the best way to grow your money.
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The biggest mistake that newbie investors make is not properly doing their return on investment calculations before jumping headfirst into anything. Return on investment (or ROI) calculations should be the yardstick by which you measure all potential investments in order to properly assess their worthiness in the long term. David Putz, a Managing Member at JKP Holdings, joins Dan Deppen to discuss the nature of these calculations and what techniques to incorporate in order to perform them thoroughly. ROI calculations can be tricky and vary from person to person, but at the end of the day, once you've sunk your teeth into those fundamentals, you could be on your way to a bright investing future.
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- Talking to a Florida real-estate attorney, Erin Quinn
- Good thing about licensing requirement in Georgia
- “Security deed” and “mortgage” is not interchangeable in Georgia
- Smaller investors are much more attentive, involved in their files
- Differences working in Georgia and Florida
- Total process in Georgia from demand letter to sale
- Time frames in Florida
- Statute of limitations in Florida
- Bartram case sets the rule that each payment is a different default
- Florida’s foreclosure rates now
- Market crash is gonna happen although not as big
- The major cities in Florida was in zombie development
- Talking about the Fusion Income Fund
- The goals are capital preservation and income
- What Fusion Income Fund is not
- Reasons for an income focus
- Comparison to other fixed income rates
- Comparison to other real estate investments
- What is the opportunity that we are targeting?
- Borrower profiles
- The strategy that we’re gonna be employing
- Buying different types of notes
- Financial model for the fund
- Why this is a good time for a particular strategy
- Why foreclosure rates have been kind of flat over the past year
- Total loan delinquencies going back the last almost twenty years
- Subprime mortgages have come back
- Ninja loans now nina, no income no assets
- Strategies for actually acquiring loans
- Putting together a model that is able to execute on
- Overall systems and processes
- Some additional resources
- Put all that together into a fund
- The thought processes leading up to the fund
- How it gets deployed
- Investing process, how it works
- Interested in learning more?
- Q&A
- Webinar about cutting deals with borrowers
- Different strategies for non-performing notes
- Note Investing decisions that you end up making in this process
- Case 1 in Ashtabula, Ohio. Possible exits and foreclosure option
- Actual offers and results for Ashtabula, Ohio
- Case 2 in Shelby, Ohio
- Forfeiture instead of foreclosure for Case 2
- Forbearance, TTP, Mod
- Sometimes all of the preplanning goes out the window
- Case 3 in Norwalk, Ohio which has a better chance to reperform
- Q and A
- Interview with Frank Barile of Sottile and Barile
- The new rules and regulations in Ohio
- Ohio Revised Code1322.07 law adds licensing requirement
- Second law is the Ohio Revised Code Section 1349.72
- House Bill 103 amends the current statute
- Land contracts may become extinct in Ohio
- How Jeff Laird started with Note investing
- “The Number One Real-Estate Investment No One Talks About” book by Hornwood and Hollingsworth
- IRAs that you can have a checkbook writing authority
- Polaris, credit counseling service taking into account the borrower’s financial situation
- Keeping the timelines tighter
- Situations where homeowner/borrower should just sell the house
- It’s a good time to find bargains at the end of the year
- Some websites show stuff that looked like not a good deal
- Over time you will find your go-to sellers, etc
- Once you’ve established yourself they know you’re gonna close
- Talking about second mortgages with Sherman Arnowitz from Keyhole Financial
- You can get in relatively inexpensive to start up a second
- Seconds are a little more of a numbers game
- More strategies with seconds like being flexible to negotiate with the homeowner
- Take both property and owner into consideration
- Evaluenote helps with data with first and second mortgages
- Putting in the parameters and having spit out the rankings
- Online education program to learn how to start investing
- Seconds are difficult to find but they are out, you just have to be in it, be active participant
- Learn something new, meet someone different everyday with seconds
- A new program called Note Emporium, a loan management program
- Dan talking about phone calls on due diligence
- Doesn’t make calls until the bid made has been accepted
- Get a local realtor who understands REOs and foreclosures
- How and where to get a right local realtor
- If it’s not the right person, keep calling
- Check if there are any code enforcement violations or liens
- Call two different utilities to check
- Find out about HOA dues
10 Ways to Be a Better Note Buyer
-Different problems and situations for a note investor.
-Top 10 ways you can do.
- 1.Make it clear up front that you are not a broker.
- 2.Know what you're buying criteria are and know what you're looking for.
- 3.Ask about their closing timeline and their expectations.
- 4.Ask about their pricing expectations up front.
- 5.Telling a seller when you're not going to submit a bid.
- 6.Don't send in lowball offers.
- 7.When submiting a bid, be clear about your assumptions.
- 8.If you find a problem, let the seller know right away.
- 9. Don't be inspector Colummbo.
- 10. Don't get confused and think that you are originating a loan.
- Indiana trip report
- Purpose of road trips
- Make sure REO properties are on track
- Find new deals
- Build local teams and vendor relationships
- Scout areas and towns
- Itinerary in Indiana
- Fort Wayne REO problems
- Properties in Muncie
- Before and after pictures of an REO
- Evansville’s town and employers
- Having a good team in Evansville
- Bill Bymel, Managing Director of Spurs Capital
- Started with focusing on judicial space, on harder to work states
- How to operate successfully in tougher environments like knowing the flow of the market
- Taking on more third party clientele
- Time borrowers drag out a foreclosure
- Contents of Bill’s book Win Win Revolution
- Borrowers understand the know-hows of the business
- Getting a huge edge in the business by paying attention
Interview with Jason Bible, Mr Texas Real Estate
Focusing on small apartment and Airbnb's
What kind of recession is coming
Real value of focusing in on one asset class
Developing a mastery and getting experience
Advantages and disadvantages of doing Airbnbs
- An interview with Bob Repass, a veteran in note investing
- Bob’s background with different investment companies
- His thoughts on possible recession
- What to expect at Note Expo
- Cyber security and platforms
- Seller Finance Coalition and Dodd-Frank rules
- Being a fan of Bruce Springsteen
- Discussing deal breakers with Melanie Jacob
- Lot line confusion where the area of the property was unclear
- Condo complex where the costs have big range
- Membership in club is a must to own any property
- Having a good team on the ground
- Wide gaps between two BPOs
- Using SILO data for better value
- Buying something that was retracted by the seller afterwards
- How much time the deal would take is important
- Past and future Expos
- Golf courses in Wisconsin
- Introducing an investor named Michale Slawin and how he started
- Started own business called Notes Connect, LLC
- Joined an organization We Close of Scott Carson
- Interest in self-storage
- Lessons from Outwitting the Devil by Napoleon Hill
- Commercial properties
- About six months to really get up and running in notes
- Challenge, so much information to synthesize and get into a form
- Dan’s educational videos about excel
- Coopetition
- Michael’s advice
- Case study, contract for deed in Dayton, Ohio
- Performing note that ended up buying for self-directed IRA
- Always better for assets manager to deal with more notes at once
- The outside of the house was looking pretty good
- The rent was much cheaper than rental rates in the area
- Got forty percent return in three months
- Sometimes things just fall your way
- Small balance loans have less upside
- Introduction to Dan Deppen and note investing
- Started as stock trader and then into auctions
- Wanted to diversify money away from stocks and to real estate
- Did notes business part-time