Owner Financing & Note Investing Podcast with Dawn Rickabaugh Dawn Rickabaugh

Are there other ways to put deals together that get us around some of the dicey scenarios with real estate and the mortgage industry? We cover a lot of ground in this episode, but an interesting conversation came up about the idea of doing a lease option instead of making a loan. What do you think?
In this episode:
01:12 - Invest in yourself.
01:59 - Stay connected to Dawn.
03:02 - Note Deal follow-up: Win-win solution?
04:46 - Foreclosure snag - On title with unwanted property!
09:35 - Disguised mortgage strategy concerns.
19:22 - Asset climate: Dicey?
24:51 - Lender vs. landlord debate.
25:30 - Banks recovering unloaned money.
27:33 - Are mom and pop investors safe carrying paper on their properties?
30:09 - Why isn't owner financing more common?
32:27 - Choosing a good servicing company.
38:55 - Avoid note investing pitfalls - Trust Deed vs. Mortgage states
40:50 - Judicial truncation for vacant properties?
41:41 - Illinois contract for deed - convert to owner financing?
51:35 - Closing reminders for seller financing.
 

With higher mortgage interest rates, taking over bank loans written at 3% and 4% are all the rage. Everywhere you look investors are getting under contract with subject to seller financing terms, and they flip them to unsuspecting buyers for tens of thousands of dollars. What they fail to realize is that there is 1) a high chance of acceleration (triggering the 'due on sale'), 2) a high chance of getting sued down the road, and 3) a high chance of setting buyers up for financial loss and disappointment.
There is only one way to leverage existing institutional financing 100% legally and in a way the guarantees that the loan won't get 'called' or accelerated. I interview Scott Moyes who has the only Title Holding Trust system I would ever use.
As investors, let's get deals done, solve problems and make money without creating unnecesssary risk for all parties to the transaction. We need to equitably balance risk and reward, and make sure it's good for everyone now, and down the road.

A new financial paradigm is being built as we speak and I want you to be ready for it. We normally talk about passive income via our property and paper (real estate and note investments), and there are equivalents in the crypto blockchain space. Did you know that Stanford just invested 7% of their endowment funds into Bitcoin? Things are changing, and changing fast. 

Sometimes you get to waltz in and be the Knight in Shining Armor in this business. Sometimes you don't, so when it happens, it's always fun to celebrate :)
In this episode:
00:20 - How can you work or connect with Dawn? 02:33 - Dawn’s Owner Carry Note Deal Review - Looking out for your borrower's best interest. 14:38 - Any issues with the borrower getting out of the contract with the wholesaler? 16:15 - Avoiding potential lawsuits when working with elderly borrowers.  24:40 - Right now…we have the most fertile landscape for owner financing, notes, creative financing and solving problems outside the box.    28:46 - Calculator Review - Owner carry back deal on a Commercial Building   44:36 - Calculator Review - Non-performing Second Position Note out of Los Angeles…should I foreclose??     

Join me for an amazing exploration with long time real estate investor, Darlene Root, who now helps investors get past what's keeping them from the success they want, whether they want to break into note investing, or take their real estate business to the next level.
Read the full transcript at:
https://notequeen.com/blog/rooting-out-sabotage-getting-to-your-why-not/

I had a great time talking with Tom and I thought you might want to listen in. I highly suggest you try to attend his last live training in San Antonio, Texas starting on February 29th, 2024. Get your tickets here: https://papersourceseminars.com/. Tom is one of the last salt of the earth veterans of the industry still alive from those few from whom I inherited my values and note business culture. He's funny and oh so smart. The tips and tricks he'll show you will blow your mind!! It's an experience not to be missed!