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

David Buys 3 Seller-Financed Notes and Makes 1 Private Loan

·27 min·1 clip

David says he loaned $87,000 at 10% to stop a foreclosure on a California lot.

1. Property and Paper Live with Dawn Rickabaugh focuses on owner financing, note investing, and non-bank real estate solutions in 2026. 2. Dawn Rickabaugh, who says she is with notequeen.com, hosts the session; David is the active note buyer whose deal examples anchor the discussion. 3. The episode asks how investors can use property and paper to create community-based financing when banks are not required. 4. Dawn says 2026 is the "year of the fire horse" and expects it to be a fast-paced year with major shifts. 5. She says she believes people can "do in a fraction of the time" things that used to take "half a lifetime". 6. Dawn points to a silver-market move and says the price is no longer being manipulated downward in the same way. 7. She says some real estate markets she discussed were already down 30% and, in some areas, "below 50% already from last year". 8. Dawn describes building a free community inside "the realm" with a group called "citizens" and says full episodes will live there. 9. She frames AI as "angel investor" and says she wants to identify community members with 80% plus equity in their homes and cash to deploy locally. 10. Dawn says she is working on "The Angel Investor Next Door," a book or blueprint inspired by "The Millionaire Next Door". 11. David says his Paperstack note purchase in Houston was slowed by a system mismatch because he expected an escrow-style process instead of "send in your money and we'll show you all the documents." 12. Dawn and David review a seasoned 30-year note with about 10 years already paid, a face rate of 10.5%, and a little over an 11% yield. 13. They say the BPO placed the collateral around 230, while the investor basis was around 70,000, creating roughly a 30% investment-to-value position. 14. David says the main risk in that note is "anybody's ability to pay," not the property or the note itself. 15. He notes there is room to lower the monthly payment and still cover interest, which could help the borrower if needed. 16. David then declines another Paperstack land note near Placerville after learning the note was being created at closing and was advertised as performing before it existed. 17. He says the bank statements showed personal spending through an LLC and the seller did not file taxes, which he treated as a major red flag. 18. David later describes a private loan of 87,000 at 10% on a California lot near Grass Valley, where the borrower needed funds to end a foreclosure. 19. The conversation feels like a live, conversational investor roundtable with practical deal review, jokes, and interruptions from chat participants. 20. Listeners who like note-buying mechanics, collateral analysis, and lender risk checks will get the most from this episode; listeners wanting polished storytelling or light entertainment may skip it.

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