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

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?

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273: An Introduction to Passive Income Through Real Estate Note Investing with Dave Van Horn 01:12:19

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273: An Introduction to Passive Income Through Real Estate Note Investing with Dave Van Horn