Notes are a great way to invest in real estate. They’re not something that everyone knows about, but if you’d like to start creating passive income without much effort, notes could be an excellent option for you. There are many benefits to buying notes, and one thing that should be your main reason is the potential for unlimited passive wealth. And that exactly is what our guest will share with you today.
Eddie Speed has almost 40 years of solid experience in buying notes and has purchased more than 50,000 notes in his entire career. He is also the founder of NoteSchool that has bought 3.5 billion dollars in notes. Now, that’s huge!
Eddie focused on the seller financing and non-performing note industry and is now helping people leverage in the real estate industry. So, if you think you are one of those people he can help get started in this industry, let Eddie explain the benefits you should focus on and give you some strategies that have helped him succeed in this niche.
Key Takeaways
[02:02] Eddie's background and how he started with NoteSchool
[05:25] How he created solid wealth through note buying and real estate investing
[06:32] What he discovered from designing note systems for real estate investors
[07:40] How to build a business that doesn't take a lot of energy and becomes your own little bank
[12:20] How to leverage note buying in today's booming real estate market
[14:44] Best strategies to get started in creating wealth with notes
[18:37] How to win landlords to sell or finance you on the acquisition of rental properties
[20:23] Techniques on creating long-term passive income through rental properties
[22:44] The biggest pitfalls in buying notes you should avoid
[25:37] What Eddie's business has been doing so far
[28:34] Lessons about money Eddie wants to pass on
[30:00] Eddie's advice for the real estate investors
Quotables
“If your income is growing faster than your net worth, you're growing in the wrong direction.”
“You are giving a landlord what they want. And as a result of that, they're going to be willing to sell or finance you on the acquisition.”
“I've seen a lot of people that have done really well and wake up 10 years from now. And you think what happened to them? And I think it's because they lost a perspective of what they thought was money and how they utilized it.”
“Your network is your net worth”. Don't go to some social media site and ask people the deepest, darkest, most important decisions you need to make in your life, unless you understand the competency of the person giving you advice.”
Links
A Whole New Ball Game With Creative Financing
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