Mortgage Note Investing Weekly

Rick Allen & Brett Burky

Mortgage Note Investing Weekly is a (30-minute tops) podcast covering everything that someone getting started in note investing would want to know.

We run Paperstac (a marketplace for mortgage notes) we get a lot of questions from buyers and sellers and with our podcast, we cover the questions that come and share the answers with everyone.

We cover strategies, tips & expert secrets to help you improve YOUR note-investing business.

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Episodes

EP133: Ricks Worst Note Purchase & The Lessons Learned
Mar 29 2024
EP133: Ricks Worst Note Purchase & The Lessons Learned
Discover Rickโ€™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. _______________________________________________________________________๐ŸŽง Chapters:00:00 Introduction00:17 The Worst Note Buy 01:59 Bankruptcy Battles and Legal Challenges04:13 The Long Road to Resolution05:53 Another Challenging Note Buy in Cook County07:43 Learning from Note Investing Mistakes09:18 Final Thoughts and Takeaways______________________________๐ŸŽฌ Share this video: https://youtu.be/NWc_Qk3jYAEโžค Don't forget to like, comment, and subscribe to our channel for more captivating content on mortgage notes and real estate investing.SUBSCRIBE HERE: Follow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP132: 5 Habits All Successful Note Investors Need to Know
Mar 22 2024
EP132: 5 Habits All Successful Note Investors Need to Know
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 adaptationโ€”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 ResearchOne 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.__________________________________Chapters: 0:00 IntroductionRecent Travels and Experiences0:43 Recap of Recent Conferences & Travels: Vegas, Orlando, and Miami1:01 Insights from Land Profit Generator and IMN EventsImportance of Networking and Building Relationships2:35 The Power of Networking in Note InvestingHabits for Successful Note Investing2:40 Discussing Key Habits for Success in Note Investing4:09 Importance of Market Research5:57 Building Strong Relationships and Networking7:32 Evaluating Risk and Reward in Investments9:08 Staying Disciplined and Organized12:00 Continuously Learning and Adapting________________________________________๐ŸŽฌ Share this video: https://youtu.be/qG82flV83KIFollow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP129: Buying in Your Own Name or a LLC (Pros & Cons)
Feb 23 2024
EP129: Buying in Your Own Name or a LLC (Pros & Cons)
In this episode, we talk about buying mortgage notes in your personal name vs an LLC. Discover the pros and cons of investing in notes with your personal name compared to an LLC.Rick Allen and Brett Burky share their insights, experiences, and some unexpected challenges they've faced along the way. Tune in to this episode of the Paperstac podcast for a deep dive into the nuances of buying notes, focusing on whether to do so in your personal name or through an LLC. Join us as we explore the advantages and disadvantages of each approach, offering valuable advice for anyone looking to invest in notes.__________________________________Chapters: 0:00 - Intro0:38 - Brett's Back Injury and Work from Home Days1:03 - The Challenges of Home Renovation and Returns4:55 - Buying Mortgage Notes in Personal Name vs LLC6:01 - Pros of Buying Notes in Your Personal Name7:57 - Cons of Buying Notes in Your Personal Name10:26 - Pros of Buying Mortgage Notes in an LLC14:12 - Cons of Buying Mortgage Notes in an LLC17:25 - Final Thoughts: Personal Name vs. LLC for Note Buying21:35 - Preview of Next Episode: Stages of Note InvestingStay tuned for our next episode, where we will discuss the different stages of note investing, from beginner strategies to advanced tactics. Whether you're new to note investing or looking to level up your game, we've got insights that could save you time and money.________________________________________๐ŸŽฌ Share this video: https://youtu.be/gTzlKFsPayEโžค Did you catch our last episode?Watch here: https://youtu.be/7be1l5y_sZQโžค Don't forget to like, comment, and subscribe to our channel for more captivating content on mortgage notes and real estate investing.SUBSCRIBE HERE: ๐Ÿ‘‡  ๐Ÿ‘‰https://pstac.co/subscribe_on_youtube ๐Ÿ‘ˆ_______________________________________________________โžค LET'S CONNECT ON SOCIAL MEDIAhttps://www.instagram.com/paper_stac/https://www.linkedin.com/company/paperstachttps://www.facebook.com/paperstac/https://twitter.com/paper_stachttps://www.tiktok.com/@paperstacโžคBrowse notes for sale: https://paperstac.com/for-saleโžคPaperstac Blog: https://pFollow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP127: My First Note Purchase With DJ Olojo
Feb 13 2024
EP127: My First Note Purchase With DJ Olojo
Join Rick Allen and Brett Burky on a deep dive into the world of note investing with DJ Olojo, a seasoned real estate investor from Georgia. With over 15 years under his belt as a real estate investor, DJ shares his journey from his very first note purchase to becoming a passive income pro through note investing. This video is a treasure trove of insights for both new and experienced investors looking to expand their portfolios and embrace the passive nature of note investing.What You'll Learn:DJ's transition from real estate to note investing.The strategy behind purchasing three non-performing notes.The importance of education and mentorship in the note space.Advice for new investors stepping into note investing.DJ's approach to overcoming challenges in the industry.DJ Olojoโ€™s Inspiring Journey:From the thrill of foreclosure auctions to mastering the art of note investing, DJ's story is a testament to the power of risk-taking, education, and persistence. Discover how he navigated the complexities of the note space to find success and how you can too.Exclusive Insights:Don't miss DJ's valuable tips on scaling up in note investing and the lessons learned from his first transactions. Whether you're just starting out or looking to level up your investment game, DJ's experiences are packed with actionable advice.The Foreclosure Fix:Learn about DJ's upcoming book, "The Foreclosure Fix: 12 Steps to Beat the Bank, Escape Foreclosure, and Turn Your Property into a Profitable Asset." A must-read for anyone looking to navigate the challenges of foreclosure with confidence.Chapters:00:00 Introduction0:05 Meet DJ Olojo, Real Estate Investor1:25 DJ's Real Estate Background2:00 Journey to Note Investing: Transition from Real Estate to Notes3:00 The First Note Purchase Experience5:51 Details of The First Three Mortgage Notes Purchased 6:01 Finding Mortgage Notes & The Results8:06 Learning from the First Note Investments9:11 Scaling in Note Investing10:07 Advice for Aspiring Note Investors11:00 The Value of Education in Note Investing12:29 Hybrid Investing: Real Estate and Notes14:01 DJ's Upcoming Book Announcement16:37 Connecting with DJ & Final ThoughtsFollow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP: 126 Real Estate vs. Mortgage Notes: Understanding the Key Differences
Feb 2 2024
EP: 126 Real Estate vs. Mortgage Notes: Understanding the Key Differences
In this episode, we talk about real estate vs mortgage notes. Uncover the key differences between real estate investing and note investing.Some common questions that we get asked that we go over in this episode include: 1๏ธโƒฃ Why would someone choose real estate over note investing? 2๏ธโƒฃ What makes note investing better? 3๏ธโƒฃ And which one should I start with if I'm new to both?These are great questions, and today we'll address them by comparing the advantages and disadvantages of real estate vs mortgage notes. We'll explore the key benefits of real estate investing, such as its tangible nature, ease of understanding, and potential for appreciation. On the other hand, we'll also discuss the advantages of note investing, including lower entry costs, passive income, and the ability to diversify.It's important to note that both real estate investing and mortgage note investing have their own unique risks and challenges. Real estate investing can be less liquid and involve higher entry costs, greater maintenance, and market risk. While note investing is subject to default and value depreciation over time.However, by understanding the pros and cons of each, you can make informed decisions based on your capital, risk tolerance, and investment goals.So, if you're interested in learning more about real estate investing versus note investing, watch this episode of the Paperstac Podcast.__________________________________Chapters: 00:00 Introduction00:27 Cold Weather in Florida and Iguana Stories01:58 National Geographic Moments on Reptiles in Cold Weather02:03 Today's Topic: Real Estate vs. Mortgage Notes03:00 The Path Usually Starts with Real Estate03:46 Advantages of Real Estate Investing06:00 Disadvantages of Real Estate Investing11:49 Transition to Note Investing14:24 Advantages of Note Investing17:06 Disadvantages of Note Investing22:06 Combining Real Estate and Note Investing for Optimal Strategy25:14 Setting Clear Goals in Both Real Estate and Note Investing27:01 Conclusion and Invitation for CommentsDon't forget to leave any questions or comments in the section below. We're here to help and prFollow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP: 125 The Importance of Pay History Evaluation
Jan 26 2024
EP: 125 The Importance of Pay History Evaluation
In this episode, Rick Allen and Brett Burky dive deep into the importance of pay history in note investing. Get ready for an insightful discussion filled with practical tips and real-life scenarios that every note investor should consider. Discover the significance of payment history and the essential evaluation steps you must take! Don't forget to like, subscribe, and share for more valuable content!๐Ÿ•’ Timestamps:0:00- Introduction0:15 - Reflecting on Podcast Progress & Scheduling1:00 - Holiday Season Impact on Business and Scheduling1:49 - Anticipating the 2024 Holiday Calendar & Planning3:36 - Understanding Payment History on the Platform3:43 - Analyzing Payment Patterns: The Key to Smart Investing4:17 - A Real Case Study: Extra Lump Sum Payments and Their Implications5:26 - Loan Origination Details and Analysis6:06 - Observing Borrower Payment Behavior and Patterns7:01 - Deciphering Payment History and Predicting Loan Payoff7:47 - The Risks and Rewards of Investing in Notes with Early Payoff Patterns8:00 - The Importance of Reading Servicing Notes8:56 - Decision Making in Note Investing Based on Payment History10:02 - Seller and Buyer Perspectives in Note Transactions15:32 - Closing Remarks: The Importance of Payment History in Note Investing17:02 - Wrap Up Discover the pivotal role payment history plays and immerse yourself in a detailed example to gain a deeper understanding.โžค Don't forget to like, comment, and subscribe to our channel for more captivating content on mortgage notes and real estate investing.SUBSCRIBE HERE: ๐Ÿ‘‡  ๐Ÿ‘‰ @Paperstac   ๐Ÿ‘ˆ_________________________________๐ŸŽฌ Share this video: https://youtu.be/nmRjDF7qkOs_______________________________________________________Follow Us On These Platforms:๐Ÿ‘‡โžค Facebook: https://pstac.co/facebookโžค Linkedin: https://pstac.co/linkedinโžค Twitter:  https://pstac.co/twitterโžค TikTok: https://pstac.co/tiktokโžค Instagram: https://pstac.co/instagramโžค LinkedIn Paperstac Newsletter: https://www.linkedin.com/newsletters/7061367477401702401/ _____________________________________________________Follow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP:124 Securing the Funds to Flourish in Note Investing With Zac Ricci
Jan 19 2024
EP:124 Securing the Funds to Flourish in Note Investing With Zac Ricci
Are you looking to make significant strides in the world of note investing? Look no further! Our latest episode, Securing the Funds to Flourish in Note Investing with Zac Ricci is for you!Join us as Brett Burky and Rick Allen delve into an enlightening discussion on funding real estate investments with Zac Ricci from Fund and Grow. This episode is packed with invaluable insights for both seasoned investors and newcomers to the field.Understanding the costs, benefits, and impact of economic changes on lending and credit is crucial. Discover how to leverage funding to expand investment portfolios and achieve financial goals.Fund and Grow serves as a vital force in aiding business owners and real estate investors in acquiring crucial funding.๐ŸŽฅ Watch and Learn:0:00 Introduction 0:10 Meet Zac Ricci: A New Perspective on Financing in Note Investing.1:00 Zac's Journey to Fund and Grow: Over a Decade of Financial Expertise.4:00 The Origin Story of Fund and Grow: Revolutionizing Business Credit.7:00 Tapping into Business Credit: A Game Changer for Real Estate Investing.9:00 The Power of 0% Interest Funding in Real Estate.12:00 Understanding the Costs and Benefits of Engaging with Fund and Grow.14:00 The Impact of Economic Changes on Lending and Credit.14:36 Buying Notes and Foreclosed Properties with Funding15:21 Business Credit Cards and Loan Options16:00 Maximizing Opportunities: Using Business Credit for Real Estate Ventures.18:00 The Role of Business Credit in Facilitating Financing19:00 Utilizing Business Credit Cards for Rewards and Benefits19:59 The Value of Expertise in Financial Services20:41 Maximizing Credit Card Points for Personal Benefits21:01 Strategies for Earning Travel Points Through Business Expenses22:00 Enhancing Business Operations with Efficient Credit Management23:10 The Benefit of Using Credit for Business Ventures24:02 Discussing the Advantages of Fund and Grow Services24:15 How to Get Started with Fund and Grow In this comprehensive discussion, Zac shares his extensive experience, shedding light on how Fund and Grow has been a pivotal force in aiding business owners and real estate investors in acquiring crucial funding.Follow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP123: Grounded Investments: Mastering the Art of Land Note Creation with Jon Jasniak
Jan 12 2024
EP123: Grounded Investments: Mastering the Art of Land Note Creation with Jon Jasniak
Join us in this special episode of the Paperstac Podcast as Brett Burky and Rick Allen explore the world of land notes with Jon Jasniak, a prominent figure in the land investing space.In this episode, John shares his journey into land notes and provides valuable insights into the industry. Delve into the world of land investing and discover the opportunities it offers.John Jasniak is a successful land investor who found his way into the industry after realizing the limitations of his nine-to-five job as a petroleum engineer. Seeking a path to passive income, John stumbled upon the world of land investing through a podcast. The concept of selling on terms and creating land notes fascinated him, and he decided to explore this avenue further.Starting off with smaller deals in West Texas, John quickly grew his passive income stream through owner financing and contract for deeds. What began as simple transactions snowballed into a larger operation, with John originating millions of dollars' worth of land notes each year. His ultimate goal is to build a $100 million land note portfolio.One of John's primary strategies in the land investing space is land subdivision. By purchasing larger tracts of land and subdividing them into smaller lots, John is able to scale his business effectively. Subdivided land is more marketable and offers higher returns compared to individual lots in remote areas.While land investing presents lucrative opportunities, it also comes with its own set of challenges. Beginner investors often focus on smaller, isolated lots, which can be less marketable and have higher default rates. It's essential to assess the marketability and potential challenges of each land note before investing.A challenge in the land investing space is the lack of standardized pricing. The market can be unpredictable, with investors offering different prices for similar land notes. John emphasizes the value of tools like the Paperstac Price Predictor, which uses AI to estimate note values based on prior sales data.Land investing, particularly in the realm of land notes, offers a promising avenue for generating passive income. John Jasniak's journey exemplifies the potential of this industry, from starting with small deals to building a mulFollow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP122: Wishing You a Wonderful Holiday Season and a Happy New Year
Dec 22 2023
EP122: Wishing You a Wonderful Holiday Season and a Happy New Year
Academy Discount Code: NewYear-NewYouReflecting on an Amazing YearAs 2023 comes to a close, we want to take a moment to express our heartfelt gratitude to all of our listeners, customers, clients, and users of the platform. It has been a truly spectacular year for us, and we owe it all to you.Throughout the year, we had the opportunity to connect with many of you at various conferences. Whether it was virtually at the Cash Flow Expo or in person at DME, Land Profit Generator, and Note Expo, it was a pleasure to meet you and hear your stories.We also introduced some exciting new additions to our platform. One of the highlights was the launch of DartAI. We are thrilled to see how well-received it has been and hope that you are enjoying its benefits. Additionally, this year saw the release of NoteClosings.com, which has been a valuable resource for many.We are incredibly grateful for your support in helping us achieve our goals. Your loyalty and belief in the Paperstac brand mean the world to us.Looking Ahead to 2024As we venture into the new year, we can't help but feel a sense of excitement for what's to come. We have some incredible things on the horizon that we know you will love. Just stepping out of this room and catching a glimpse of what awaits us fills us with awe.One of the things we are particularly eager about is expanding our range of asset classes. In 2024, we will be introducing new types of asset classes for you to explore and consider. It's an exciting development that we can't wait to share with you.While we are enthusiastic about the future, we also want to acknowledge the present. As this year draws to a close, we understand the importance of taking time for yourself. Although we will continue working diligently throughout the holiday season, we encourage you to find moments of rest and rejuvenation.Speaking of vacations, have you ever heard of "Vos P"? It's a French term for working from home. While it may sound like a dreamy escape, we know that work never truly stops. However, we genuinely enjoy what we do, and the passion we have for our work keeps us going.As we look to the year ahead, we invite you to reach out to us with any questions or topics you would like us to cover. We are alFollow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...
EP121: Bidding On UPB or the Total Payoff - When To Do Each
Dec 15 2023
EP121: Bidding On UPB or the Total Payoff - When To Do Each
In this episode, we dive into the nuances of bidding on UPB (Unpaid Principal Balance) versus the Total Payoff when dealing with performing and non-performing assets.Join hosts Rick Allen and Brett Burky as they discuss bidding strategies in real estate note investing, focusing on whether to base bids on the outstanding balance or the total payoff.They explain how it depends on the deal, the asset's performance, and the investor's goals. Rick and Brett highlight the importance of analyzing each asset and considering individual circumstances when determining bid strategies. They highlight the importance of carefully verifying amounts when bidding based on the total payoff, emphasizing the need for a thorough analysis to make well-informed decisions.__________________________________Chapters: 0:00 Intro0:20 Getting Ready for the Holidays0:36 Market Dynamics During Holidays1:00 Bidding Strategies in December3:39 Bidding Over Total Payoff5:55 - Bidding on Total Payoff vs. UPB9:08 - When to Bid on Total Payoff11:12 - Non-Performing Loans and Total Payoff13:00 - Bidding on Performing Assets15:23 Wrapping Up and Holiday PlansWhether you're a seasoned investor or just starting in the note business, this episode provides valuable insights into making informed bidding decisions. Don't miss out โ€“ hit play now and enhance your note investing strategy! ๐Ÿ“ˆ๐Ÿ’กโœจ Happy Holidays from Paperstac! ๐ŸŽ„๐ŸŽโžค Don't forget to like, comment, and subscribe to our channel for more captivating content on mortgage notes and real estate investing.SUBSCRIBE HERE: ๐Ÿ‘‡  ๐Ÿ‘‰https://pstac.co/subscribe_on_youtube ๐Ÿ‘ˆ๐ŸŽฌ Share this video: https://youtu.be/fAqZ0bTAoAI_______________________________________________________Key Takeaways for Successful Bidding Strategies:- Flexibility in Bidding Strategies: Bidding strategies are not a one-size-fits-all; they pivot on the specifics of each deal and the investor's objectives.- Asset Analysis is Paramount: Every asset deserves a thorough analysis to tailor bidding strategies and achieve optimal outcomes.- Performing vs. Non-Performing Loans: Distinguish between performing and non-performing Follow Us On These Platforms:๐Ÿ‘‡ Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter: https://pstac.co/twitter TikTok: ...