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

Mom 'n Pop Landlord Nightmare Strategizing Seller Financing and the Value of the Note

·41 min·1 clip

From management nightmare to income dream: rehabbing a 35-year-old mobile home and converting it to seller-financed annuity income stream.

Dawn Rickabaugh hosts Property and Paper Live with guest Robin, a small landlord who owns 2-3 properties and focuses on note/seller-financed income (like annuities). Robin recounts nightmare: eviction of tenant with illegal animals causing major damage, requiring 5 months solo rehab. Property: 35-year-old mobile home on 1 acre across from Trinity Bay. Robin wants to transition from problematic rentals to seller financing; found good tenant from neighborhood (local, stable, good employment). Discussion covers: property valuation ($140K Zillow, $165K Robin's estimate, $200K Enron value), $1,100/month rent (below $1,200 market rate), down payment structuring, underwriting documentation, contract protection against borrower death/disability, compassion balanced with self-protection. Host emphasizes eyes-wide-open deal structure, potential MLO underwriting ($1K cost), and protecting against predatory appearance.

As heard by us

A practical seller-financing discussion that keeps the deal math front and center.

Dawn Rickabaugh guides a practical talk about real estate, note investing, and seller financing, with a simple premise: find a number that works after taxes, insurance, repairs, and servicing are paid. That keeps the discussion grounded.

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Why you'd press play

You want to structure a seller-financed deal that survives the monthly math.

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