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

Craigslist For the Win: How I Made a 24% ROI

·25 min·1 clip

She says a $50,000 bid on a $147,555 note still produced only about 12.5% yield.

1. Owner Financing & Note Investing Podcast with Dawn Rickabaugh centers on Craigslist note deals, seller financing, and a mobile-home-on-land example in Carson City. 2. Dawn Rickabaugh hosts as the owner of NoteQueen.com, and she presents herself as both a note investor and a real estate agent working with Megan Lopresti in Carson City. 3. The episode asks how a Craigslist lead, a family dispute, and note pricing can produce a 24% ROI on a $55,000 purchase. 4. Dawn says she sets up automatic Craigslist searches so she gets emailed when certain note-related wording appears. 5. She describes getting an alert at the gym around 7:00 a.m. and deciding not to finish her workout before acting on the listing. 6. Dawn cites a separate mobile-home note she bought for $7,000 that later produced about a 15% to 18% yield. 7. She explains that the main example involved a mobile home on land in Carson City that was worth about $100,000 to $120,000 at the time. 8. The note had a $147,555 balance, a 30-year structure, and a monthly payment of $491.85. 9. Dawn says the borrower treated the property as an inheritance and stopped paying because he believed nobody would foreclose on him. 10. She bought the note for $55,000 and agreed to a side arrangement with the seller if a payoff happened within three years. 11. Dawn says the remaining term mattered more than the headline balance, because the number of payments left changed the yield. 12. She contrasts a $50,000 bid on the same asset with her own later purchase to show how the return moved from about 12.5% toward 15% and then higher. 13. Dawn says the note eventually paid off after about six years, not the original 13-year remaining horizon she first expected. 14. She adds that the property value later rose north of $200,000, which improved her protection against a short sale. 15. Dawn discusses trying to incentivize the borrower by offering to reduce principal and interest if he would pay $1,200 per month for 10 years. 16. She says the borrower rejected that offer, and she frames the entire situation as a messy family dispute that worked because a neutral third party could step in. 17. The delivery is informal, math-heavy, and conversational, with Dawn pausing for questions about insurance, servicing, and the practical mechanics of the note. 18. The tone mixes teaching with live deal narration, including calculator-style explanations and side comments about legitimacy and local presence. 19. Best for investors interested in seller financing, note buying, and mobile-home collateral. 20. Skip it if you want polished storytelling without deal math and servicing details.

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