How to Invest in Notes

Eddie Speed - Note School On Timing the Market: "What's the best time to be in the note business? I said, there's two things. Either it's inflationary times or disruptive times. Right now we have both." It is always best to have an attorney before you need one, especially in business. Often, to make a deal happen, you need financing. In real estate especially. But often the typical bank cannot offer financing for a home to an entrepreneur. We just don't check the W2 box like the banks want to see. So where can you get financing for a home, if you are an entrepreneur? From another angle, you want to invest in something that has some great returns, but being a landlord isn't really your idea of fun. What is another real estate investing option that can help you make money in your sleep? Eddie Speed has started the Note School. A school that teaches how to invest and offer notes to people that need financing outside of traditional banks. Eddie shares insights from his decades of experience teaching people how to "be the bank, a strategy that has helped countless real estate investors convert their rental properties into seller-financed opportunities. As rental profits dwindle and banks tighten their lending standards, Eddie explains how seller financing can transform a landlord’s cash flow and serve an underserved market of aspiring homeowners. From practical math to tax strategies, and a behind-the-scenes look at the NoteSchool training process, Listen as Eddie explains innovative ways to thrive in disruptive, inflationary times. Whether you’re a seasoned investor, a curious landlord, or an entrepreneur seeking new revenue streams, Eddie’s expertise will open your eyes to possibilities beyond conventional real estate. Enjoy! Visit Eddie at: https://noteschool.com/DrawIn Sponsors: Live Video chat with our customers here with LiveSwitch: https://join.liveswitch.com/gfj3m6hnmguz Calls On Call Extraordinary Answering Service: https://callsoncall.com Some videos have been recorded with Riverside: https://www.riverside.fm/?utm_campaign=campaign_5&utm_medium=affiliate&utm_source=rewardful&via=james-kademan Podcast Overview: 00:00 Learning to become the bank 04:18 Discussing rental properties as businesses 07:22 Helping sellers with financing 12:41 Rental income and market comparison 13:35 Tax tips for installment sales 19:13 Training successful yet overthinking students 22:05 Starting in the business 25:22 Finding a niche in real estate 27:43 Challenges of property management 32:12 Challenges with traditional mortgage lending 35:16 Frustration with appliance durability 40:36 Comparing 30-year vs 50-year loans 44:25 Finding reliable, hardworking realtors 47:50 Finding local property services 50:19 Getting started with online basics 54:43 Funding notes and marketplace strategy Podcast Transcription: Eddie Speed [00:00:00]: Think and think in terms of the easiest way. People say, people say, give me a reference of seller financing that everybody can relate to the car industry. You, you buy, buy a car, maybe it's a used car or you are, you know, whoever your secretary buys, whatever that is. Right. Somebody buys a car and the car dealership carries the financing. They sell or finance the car. Does that make sense? James Kademan [00:00:26]: It does. Eddie Speed [00:00:26]: Instead of seller financing a car, you sell or finance a property. So you're not renting it anymore. You're, you're transferring the deed to the new guy, but you're saying, wait a minute, I'm going to carry, I'm going to be your bank and I'm going to carry long term financing. James Kademan [00:00:47]: You have found Authentic Business Adventures, the business program that brings you the struggle stories and triumphant successes of business owners across the land. Downloadable audio episodes can be found in the podcast link [e-mail] we are locally underwritten by the bank of Sun Prairie Calls On Call Extraordinary answering Service, the Bold business Book as well as Live Switch. Today we're welcoming Slash, preparing to learn from Eddie Speed of the note school. So Eddie, how is it going today? Eddie Speed [00:01:15]: I'm great, how are you? James Kademan [00:01:17]: I am excited. We're talking about real estate notes and I gotta admit, I don't know much about that at all. So I'm excited to learn from you. So let's start with the basic foundation. What is the note school? Eddie Speed [00:01:31]: Well, note school teaches people how to be the bank. There's basically two ways you could be the bank. You might have a rental property that's far more profitable for you to finance the rent property than continuing to pay rent and taxes and insurance and the plumber and the all that. Right. And, or you may say, no, I don't have a rent house, Eddie. I just, I like the idea of being a bank. How would I find a note? And so we have run a school for 25 years showing people how to go be the bank. James Kademan [00:02:09]:...