Owner Financing & Note Investing Podcast with Dawn Rickabaugh · Dawn Rickabaugh | Expert Advice for building wealth through Owner Financing & Note Investing

Buying and Selling Partials - The Note Industry's Magic

·31 min

A landlord wants out of the constant problem-solving. Owner financing starts to make sense once the numbers click, because the cash flow can feel less jumpy than rentals and does not come with the same tenant-call grind. Dawn treats the call like a worktable, not a lecture. The conversation starts with that very human AC-on-the-Fourth-of-July exhaustion and keeps drifting back to notes, where income can be built with fewer day-to-day headaches. It is a little messy in the useful way. Every idea gets checked against what can break, who controls the rules, and whether an investor is pretending income will last forever. Rentals get the cooler look they deserve. Dawn walks through permits, voluntary room tax, and why being grandfathered can matter before local politics change. Even a solid setup can depend on people outside the deal, so she talks through repeat guests, private referrals, and monthly stays as practical pivots. Then the triplex question changes the temperature. A caller brings up nursing homes, rehab housing, and halfway-house style uses, while two existing units carry lifetime tenancy rights. In California, that is not background noise. The Ellis Act may offer an exit, but the cost lands hard: about thirty thousand dollars per tenant plus a two-year rental restriction. Nobody sells that as easy. The useful move is comparing creative conversion ideas against legal cost, political pressure, and the limits already sitting on the property. Underneath it all, the note lesson keeps humming. Owner financing and subject-to structures are appealing when both sides can pencil them out. Fear still shows up. Dawn treats that fear as habit, people leaning on the old path, handing responsibility away, or assuming they are not sharp enough to build a deal. Her answer stays grounded: find people who know more, run the math, respect the risks, and solve one mom and pop problem at a time.

Listen to the show on

Apple Podcasts Spotify