Interesting watching Graham Stephan on YT openly talk about selling parts of his real estate portfolio and shifting more toward notes, liquidity, and cash flow. A lot of people think real estate investing is only about owning doors forever… but experienced investors understand something deeper: 👉 Equity without liquidity can become a trap. 👉 Cash flow without flexibility can become stress. 👉 And leverage works great… until the market changes. This is why more investors are starting to appreciate the power of notes. When you own the NOTE instead of the property: ✔ No tenants ✔ No toilets ✔ No renovations ✔ No management headaches ✔ Yet you can still create predictable monthly income The interesting thing is… many sophisticated investors eventually move UP the capital stack. They go from: 🏠 Owning real estate ➡️ to controlling paper ➡️ to controlling cash flow In uncertain markets, liquidity matters. Cash flow matters. Control matters. That doesn’t mean real estate is dead. Far from it. But it does show that even large creators and investors are recognizing the value of: • Reducing operational risk • Increasing flexibility • Holding income-producing paper • Preserving capital while staying invested The wealthy don’t always ask: “How many properties do I own?” Sometimes the better question is: “How many income streams pay me every month without me managing the asset?” That’s where note investing becomes very interesting. #NoteInvesting #RealEstateInvesting #CashFlow #PassiveIncome #MortgageNotes #TheNoteDoctor #RealEstate #FinancialFreedom #Investing

HOA dues are up 26% since 2019 — and it's moved up my priority list. It was always on my checklist for lien position in super lien states, but the affordability impact on my performing notes is now very real. And on the NPL side, it's not just about where HOA sits at the time of purchase — those dues keep accruing while you're working a resolution (in particular relevant on a 1st lien default) Sharing a map of the super lien states and the WSJ article for reference — curious if others are seeing this show up more in their deals. 📰 https://www.wsj.com/economy/housing/housing-affordability-hoa-fees-d02902af

Last week I closed a matchmaker deal that earned me $21,700 - here’s how I did it: First, I built a relationship with the seller. I do more than just connect them with buyers. I try to add value wherever I can: - analyze their non-performing note acquisitions - monitor their performing loans - create charts & forecasts on their portfolio - manage their loan servicers & other vendors - other stuff to help them make money They also know that I’m part of the Mortgage Note Mastermind so they know that I have trusted buyers to sell their loans to - so they hired me to manage their trade desk (I’m their exclusive loan sale partner). So when they had a portfolio for me to help them sell last month I put out the trade to our community of note buyers. I got bids from 22 investors and after showing my seller all the results they agreed to award the 16 buyers with top offers. I assisted with the due diligence process: answering questions, locating missing docs, organizing all the files, etc. I prepared and sent the Loan Sale Agreements to all parties and used e-signature to make it easy for everyone to execute the contracts. Once the deals are done, I also prepare the transfer docs (assignments & allonges) and facilitate the servicing transfer - I make it easy for everyone to follow instructions and get the deal done. Last week, the first deal funded for $310k. I’ll send my invoice to the seller for $21,700 (7%) at the end of the month (along with all of the closed deals I facilitate this month). These same simple steps have earned me millions of dollars over the years and will make me almost $100k in sales fees this month. And even better - this buyer is picking up over $600k of notes with tons of equity coverage (they’re going to make WAY more than the $21.7k I’m taking home). Let me know if you have any questions!

I’ve got a few meetings in the big apple tomorrow, anyone want to grab a coffee?

Here's a hack to tap into a real network of real estate entrepreneurs - connect with me on Linkedin! 🌐 You'll become 2nd degree connections with the ~2,000 industry pros that follow me. All I ask in return? Like & comment on my latest post 👈 do it here pretty please 😅 Drop your profile link in the comments 👇 so we can all link up with you!