Note Investing 101: Learn the Ins and Outs of Creating Predictable Cash Flow w/ Eric Scharaga

Today, I’m talking with a new friend, Eric Scharaga. Eric is the founder of Damen Capital Fund, a purchaser of residential and vacant land notes.

(Show Notes: REtipster.com/151) Before focusing full-time on notes and land, Eric worked for 23 years as a high school teacher. In 2001, he began investing in rental properties, purchasing and rehabbing single-family homes with the dream of becoming a full-time investor. After 13 years of dealing with the constant stresses of landlording, he realized that he would never achieve his goal of financial freedom through rental properties. In 2016, while still working full-time, Eric transitioned to the more stable and passive cash flow of notes. Since 2016, he has purchased over 500 notes, including residential performing, non-performing, active bankruptcy, and vacant land. Eric is the author of the book Lienlord, an introduction to the power of note investing. He is passionate about personal finance and financial freedom and enjoys introducing land investors to the importance of seller financing. Disclaimer: No one in this conversation is a CPA or Financial Advisor, and we don’t provide legal, tax, or financial advice. In this conversation, we’re sharing Eric’s experiences as an investor, and we encourage you to seek professional advice before making any investment decisions.