By Rick Allen & Brett Burky
5
99 ratings
The podcast currently has 140 episodes available.
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Rick Allen and Brett Burky discuss essential note investing tools, emphasizing the use of spreadsheets like Excel, a centralized storage location, CRM systems for asset management, and automation tools like Zapier, showcasing practical insights for managing mortgage notes effectively.
Note Investing Tools Key Takeaways:
➤ Excel or Google Sheets are crucial for calculations and data organization.
➤ A centralized storage location like Dropbox is essential for asset files.
➤ Utilize CRM systems like Podio for efficient asset management.
➤ Automation tools such as Zapier or Make can streamline workflows and document generation.
➤ Networking tools like LinkedIn and BiggerPockets are valuable for connections.
➤ Explore emerging AI tools for enhancing data management and processing.
➤ Continuous learning and exploration of new tools are vital for effective note investing operations.
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Chapters:
00:00
00:45 Note Investing Tools
2:35 The Essential Spreadsheet
3:00 Microsoft Excel vs. Google Sheets
3:33 Importance of Centralized Storage
3:57 Document Custodian for Collateral Files
4:45 CRM Systems for Asset Management
5:20 Rick's Experience with Podio
6:28 Importance of CRM for Asset Management
7:02 Tracking Costs with QuickBooks
7:25 Early Tracking Systems
8:04 Modern Tools and AI
8:39 Paperstac and AI Integration
9:00 Loan Servicing for Collections
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Browse notes for sale: https://paperstac.com/for-sale
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In this video, Brett and Rick delve into the key differences between CFDs, mortgages, and deeds of trust.
Mortgage notes, deeds of trust, and contracts for deeds are all common security instruments in real estate investing. However, their differences can be a bit tricky to understand. We're here to simplify them for you.
Rick and Brett also share valuable insights and experiences from the recent Diversified Mortgage Expo (DME) in Nashville. They cover everything from key takeaways and event highlights to detailed discussions on real estate investment strategies. This episode is full of essential information for both beginners and experienced investors.
Join us as we delve into the details of contracts for deeds, mortgages, and deeds of trust in this edition of the Paperstac Podcast.
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CHAPTERS:
0:00 Intro
0:05 DME Event Recap
1:44 Fun Activities at DME: Axe Throwing Competition
2:44 The Importance of Technology in the Industry
3:20 Insights on Land Investments
3:50 Learning about Syndications
5:01 Networking at Conferences
5:58 Attending as an Attendee vs. a Vendor
6:06 Differences Between Contract for Deed, Deed of Trust, and Mortgage
8:00 Detailed Discussion on Contract for Deed
10:00 Legal Nuances and Recording Procedures
12:00 Deed of Trust vs. Mortgage
15:00 Tax Benefits and Ownership in Contract for Deed
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1️⃣ Contract for Deed: Buyer makes installment payments, gains equitable ownership, and gets the deed upon full payment.
2️⃣ Deed of Trust: Involves borrower, lender, and trustee; trustee holds the title; allows non-judicial foreclosure.
3️⃣ Mortgage: Two-party agreement; lender holds a lien; judicial foreclosure required.
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In this video, we show you how to set up a successful listing on Paperstac.
Dive into the process of creating a standout note investment listing on Paperstac and gain important note investing insights for success.
We start by walking you through the foundational steps necessary for setting up a real estate note listing that not only catches the eye but also performs well on the platform. Our focus extends beyond just the basics; we're here to share with you some essential strategies and insights that are crucial for anyone looking to succeed in note investing on Paperstac.
The episode is packed with invaluable pointers on how to engage effectively with potential buyers. Communication is key when it comes to selling anything, and we have tailored advice on how to craft your messages and respond to queries in a way that builds trust and interest. Whether you're new to this or looking to refine your approach, our tips will help you create a connection with your audience.
Additionally, we dive into the critical aspect of handling due diligence. This is a step that cannot be overlooked, as it ensures the legitimacy and attractiveness of your listing. We outline what documents and information you should prepare and how to present them transparently to prospective buyers. This preparation not only protects you but also significantly increases your chances of a successful transaction.
But we don’t stop there. We also take a close look at how to optimize your listings for maximum visibility and appeal. From making sure your listing is easily discoverable to ensuring it shines once found, we cover all you need to know about making your offer stand out in a crowded marketplace. The episode includes practical advice on using keywords, crafting compelling descriptions, and choosing the right visuals to make your listing pop.
Join us in this comprehensive video as we guide you through each of these phases. Whether you're just starting out or looking to up your game on Paperstac, you'll find valuable insights and tools to help you craft successful listings, communicate effectively with buyers, manage due diligence with ease, and optimize your presence for the best possible outcomes.
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Chapters
0:00 Introdu
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In this episode, Nathan Turner talks about his experience of buying his first mortgage note.
Learn about Nathan's background and expertise as the Canadian note guy. Discover how Nathan ventured into the world of mortgage notes and his initial experiences in the note space in this episode of the Paperstac Podcast!
Explore Nathan's first note purchase and the bold decision to invest in three non-performing notes.
Gain insights into Nathan's approach to solving sellers' problems and capitalizing on distressed properties.
Learn how Nathan's investment approach evolved over time, including shifting to buying performing notes.
In this captivating episode, Nathan divulges valuable experiences and insights gained during his initial years in the note space, providing a treasure trove of knowledge for both new and experienced investors.
Additionally, the episode features practical advice tailored specifically for newcomers to note investing.
Watch the episode for a deep dive into Nathan's journey of buying his first mortgage note.
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Chapters:
00:00 Intro
00:15 Nathan Turner Introduction
03:52 Challenges of Investing from Outside the US
04:23 Nathan's First Note Purchase
10:37 Education in Note Investing: Transition from Buying Non-Performing to Performing Notes
13:37 Evolving Market Dynamics and the Shift Towards Performing Notes
18:30 Advice for New Note Investors
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🎬 Share this video: https://youtu.be/p2AU4xLhPQ8
➤ Don't forget to like, comment, and subscribe to our channel for more captivating content on mortgage notes and real estate investing.
SUBSCRIBE HERE: 👇
👉https://pstac.co/subscribe_on_youtube 👈
_______________________________________________________
➤ LET'S CONNECT ON SOCIAL MEDIA
https://www.instagram.com/paper_stac/
https://www.linkedin.com/company/paperstac
https://www.facebook.com/paperstac/
https://twitter.com/paper_stac
https://www.tiktok.com/@paperstac
Browse notes for sale: https://paperstac.com/for-sale
Paperstac Blog: https://paperstac.com/blog
Paperstac Medium: https://medium.com/@paperst
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In this episode, we delve into the invaluable benefits of attending note investing conferences, with a focus on the upcoming Diversified Mortgage Expo. Nathan Turner, the current organizer of this note investing event, shares his insights on why these gatherings are essential for building connections, learning from industry experts, and elevating your note business to new heights.
Diversified Mortgage Expo
(DME 2024)
Nathan Turner took over the Diversified Mortgage Expo, an annual note investing conference that he ran for the first time last year and is now organizing for the second time. This note investing educational event, now in its ninth year, serves as a vital platform for real estate and note industry professionals to connect, learn, and elevate their note businesses.
The Value of In-Person Connections
Attending in-person note investing conferences offers unparalleled value in building relationships, gaining industry insights, and fostering long-lasting connections. The power of face-to-face interactions can significantly impact your note business, providing opportunities for collaboration, knowledge-sharing, and personal growth.
Join us as we uncover the power of note investing conferences and explore insights from the organizer of the Diversified Mortgage Expo, Nathan Turner.
Gain a deeper understanding of the power of in-person interactions at note investing conferences and unique note industry insights. Don't miss out!
Check out the video NOW and discover the benefits of attending note investing conferences and taking your note investing strategies to the next level.
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Diversified Mortgage Expo
DME 2024
Grow your business with new strategies, insights, and a wealth of industry knowledge at DME!
This two-day, no-pitching event is designed to keep you at the forefront of the note investing industry. Explore the rich heritage of Music City, experience top-notch hospitality, and take your note investing to the next level!
Use our Paperstac Discount Code below to SAVE money on DME Tickets!!
🎟️ Secure Your Spot for DME 2024
🔗Get Tickets Here: https://diversifiedmortgageexpo.com/product/diversified-mortgage-expo-dme-20
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Discover Rick’s worst note buy and the lessons he learned from the experience in this revealing episode of the Paperstac podcast!
Join hosts Rick Allen and Brett Burky as they dive deep into the murky waters of note buying.
With years of note investing experience under his belt, Rick shares his own story of a real estate note deal gone awry, detailing the frustrations and challenges encountered. Every real estate professional has their story of a deal gone awry, and today, Rick shares his.
Rick recounts his experience of buying a note in Louisville, Kentucky that quickly spiraled into an ordeal filled with bankruptcy filings and legal obstacles, all stemming from a seemingly perfect property. He also shares another harrowing experience of buying a note in Cook County, complicated by COVID-19 related court closures and unexpected delays.
The conversation is a candid discussion on the perils of smaller balance notes, property maintenance woes, and the importance of learning from these setbacks to mitigate future losses. The episode wraps up with Rick and Brett reflecting on the inherent challenges of the note buying business, emphasizing the need to become adept problem solvers.
Whether you're a seasoned investor or new to the world of mortgage notes, this episode is packed with valuable insights and cautionary tales that underscore the importance of due diligence, understanding legal intricacies, and preparing for the unexpected.
Don't forget to like, share, and subscribe for more episodes, and drop your questions or stories in the comments below for a chance to be featured in future discussions.
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🎧 Chapters:
00:00 Introduction
00:17 The Worst Note Buy
01:59 Bankruptcy Battles and Legal Challenges
04:13 The Long Road to Resolution
05:53 Another Challenging Note Buy in Cook County
07:43 Learning from Note Investing Mistakes
09:18 Final Thoughts and Takeaways
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➤ Don't forget to like, comment, and subscribe to our channel for more captivating content on mortgage notes and real estate investing.
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In this episode of the Paperstac Podcast, we're exploring five essential habits that all successful note investors need in the note industry. By adopting these five key habits, note investors can chart a course to success. These include diligent market research, forging strong relationships, assessing risk and reward, maintaining organization and discipline, as well as engaging in continuous learning and adaptation—skills that are vital to thrive in the constantly evolving note investing landscape.
By following these habits, note investors can increase their chances of making profitable investments and achieving their financial goals. Remember, consistency is key. By consistently applying these habits, a note investor can build a solid foundation for success in the industry.
Habit 1: Diligent Market Research
One of the first habits that note investors should establish is diligent market research. To make informed investment decisions, it is crucial to stay up to date on current trends, interest rates, economic indicators, and other factors that impact the market. This can be achieved through regular reading and keeping a finger on the pulse of the market.
Tune into the episode to learn about all five habits that every successful note investor should cultivate.
Watch this episode for a detailed breakdown of these five habits all successful note investors need!
By following these habits, a note investor can increase their chances of success in this competitive field.
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Chapters:
0:00 Introduction
Recent Travels and Experiences
0:43 Recap of Recent Conferences & Travels: Vegas, Orlando, and Miami
1:01 Insights from Land Profit Generator and IMN Events
Importance of Networking and Building Relationships
2:35 The Power of Networking in Note Investing
Habits for Successful Note Investing
2:40 Discussing Key Habits for Success in Note Investing
4:09 Importance of Market Research
5:57 Building Strong Relationships and Networking
7:32 Evaluating Risk and Reward in Investments
9:08 Staying Disciplined and Organized
12:00 Continuously Learning and Adapting
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