273: An Introduction to Passive Income Through Real Estate Note Investing with Dave Van Horn
Most people understand the world of rental properties, house flips, and other common real estate investments. But there is one little-known niche that could provide massive cash flow and profits without the headaches: note investing. In this episode of the BiggerPockets Podcast, we sit down with Dave Van Horn, author of Real Estate Note Investing, to talk about how anyone can get started with real estate note investing—even as a first investor. In addition to a great conversation about notes, you’ll also hear some of Dave’s powerful strategies for getting his real estate offers accepted, how he started his investments using the BRRRR strategy (with credit cards!) and much, much more.
In This Episode We Cover:
- What is a note?
- The types of notes available
- Ways to start investing in notes
- How much cash one needs to have a note
- Dave’s backstory as a real estate investor
- Dave’s shift to note investing
- What hard money is
- Three things you need to put together a deal
- Getting bank financing
- Performing vs. non-performing notes
- Shadowing and how to do it
- Making multiple offers
- What happens when a performing note becomes a non-performing note?
- About the book
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Calculators
- Veggie Tales: Song of the Cebu
- BiggerPockets Podcast 028: Note Investing and Raising Private Money with Dave Van Horn
- Prosper
Books Mentioned in this Show
- Multiple Streams of Income by Robert Allen
- Real Estate Note Investing by Dave Van Horn
- The First Entrepreneur by Edward G. Lengel
- Abundance by Peter H. Diamandis
Fire Round Questions
- Is it possible to purchase your own Non Performing Note?
- If I want to be an individual NOTE investor, how much money do you need to have to play?
- Would it be a smart strategy to buy NPN or defaulted mortgages just to foreclose on them for profit?
Tweetable Topics:
- “It’s not only about what you’re paying, it’s about how you’re paying it.” (Tweet This!)
- “You don’t need any money, you just need a deal.” (Tweet This!)
Connect with Dave
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