Dan sits down with Philip Louden — former backpacker, digital nomad, and reluctant wholesaler — who found his calling in seller finance after realizing he was just "dropshipping houses." After a 30-year Kansas City mentor showed him the power of creative finance, Philip went on to originate over 70 deals and build the Wrap Academy community around a simple philosophy: prosperous, peaceful, passive portfolios.

In this episode, they cover:

• Why Philip walked away from a wholesaling operation doing 6 deals a month — and what it taught him about building businesses you actually want to live in
• How he structures 10-year lease options, wraps, and slow flips — and when each one makes sense
• The slow flip model: buying $20–30K properties in small markets and seller financing them to buyers who can't even rent for that price
• Finding buyers through unconventional channels (including a $75K down payment from Craigslist)
• Dan's note buying box — from 10-11% IRA-quality performers to 30-40% non-performing workouts — and how hypothecation creates spread
• Why the seller finance note market has a supply-demand equation you won't find anywhere else in real estate

Connect with Philip:

Wrap Academy: https://wrapacademy.net/

Instagram: https://www.instagram.com/phil_louden/?hl=en

LinkedIn: https://www.linkedin.com/in/philip-louden

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