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

Each Seller Financed Real Estate Transaction Gives Birth to a Little Baby Note!!

·45 min·3 clips

Dawn says a $50,000 loan against a $45,000 purchase price is really 111% financing, not 53% LTV.

1. Owner Financing & Note Investing Podcast with Dawn Rickabaugh centers on seller-financed real estate and note investing. 2. Dawn Rickabaugh hosts the show as Dawn Rickabot and ties the discussion to her book on note investing for newbies. 3. The episode asks what a seller-financed property is really worth when the payment terms, not the cash price, drive the valuation. 4. Dawn says the easiest way into note investing is carrying paper on property you already own. 5. She names private money lending with a broker as the second easiest entry point. 6. She describes buying discounted notes from banks or other lenders as the third route. 7. Dawn says the non-performing bank paper boom got big around 2009 and that earlier buyers were getting notes for about 10 cents on the dollar. 8. She says many buyers now are paying too much for non-performing paper and even paying yields below what she gets on performing paper. 9. Dawn warns that some note deals are being sold with regulatory and foreclosure restrictions that make the paper harder to enforce. 10. She says the last three months of her own work focused on wholesaling so she could understand the mindset and problems of wholesalers. 11. Dawn says understanding notes helps her add value, convert more seller-finance deals, and wholesale two things instead of one. 12. She says every owner-carry deal contains at least one or two note transactions baked into it. 13. A slide in the discussion shows an owner finance value of $94,000, which makes Dawn laugh because it is built from terms. 14. The same slide lists market rent at $1,000 a month, insurance at $60, taxes at $75, principal and interest at $870, and a $5,000 down payment. 15. Dawn says the deal was reverse-engineered around what a buyer could afford, not around a conventional property appraisal. 16. She later contrasts a $50,000 loan against a $45,000 purchase price and says the deal is 111% financing rather than 53% LTV. 17. Dawn says a borrower can have strong upfront economics while the lender still carries the default and foreclosure risk. 18. She describes the conversation as practical and pointed, with jokes about “spidey senses” and “Las Vegas” while still walking through the math. 19. This episode fits investors, note buyers, and seller-finance operators who want a cautious breakdown of deal structure. 20. It is less useful for listeners looking for a simple motivational story or a beginner-only walkthrough with no numbers.

As heard by us

A plainspoken look at how seller-financed deals turn into notes and where the risk starts.

Seller-financed real estate is the entry point, but the piece keeps circling back to the part that matters most for investors: how a note gets created and why that structure changes the game. Dawn Rickabot keeps it grounded.

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Why you'd press play

Want a plainspoken map from seller financing to notes, with the host talking it through like a real estate side chat?

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