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

What Would You Pay for this Note? Are you Ready for the Financial Reset?

·48 min·3 clips

The balloon is $155,000 with only about $20,000 of principal paid down.

1. Owner Financing & Note Investing Podcast with Dawn Rickabaugh centers on a December 6, 2025 Property and Paper Live session about owner financing and notes. 2. Dawn Rickabaugh of notequeen.com hosts the call and leads the teaching because she prices notes and answers live questions from listeners. 3. The episode asks how to value a note when the collateral is land, the balloon is large, and market conditions feel uncertain. 4. Dawn opens with a Missouri deal involving 40 acres used for horses and a ranch business. 5. She says the property sold for $175,000 in July and the buyer put down $15,000, which she calls roughly 10%. 6. She contrasts that with owner-occupied single-family financing, where 10% down can be acceptable, but says land usually needs more skin in the game. 7. She asks whether a buyer would still want the note if the property had to be repossessed and resold after foreclosure or a deed in lieu. 8. Dawn says raw land has fewer buyers than bread-and-butter single-family homes and that the collateral must be judged on resale value, not only on the contract price. 9. She explains the note as $160,000 at 9.5% interest, fully amortized over 361 payments with a balloon due in 61 months. 10. She notes that the monthly payment is about $1,345 and that only about $20,000 of principal would be paid down before the balloon. 11. Dawn emphasizes that the first question is whether she likes the collateral, not the yield. 12. She says the second question is the maximum investment-to-value, and in her example she would not buy the whole note at the asking structure. 13. She says land can require 14% to 16% returns, but even that does not solve a weak exit if the balloon cannot be paid. 14. Dawn asks listeners to think about whether the borrower has other assets, inheritance money, or refinancing options before the balloon date. 15. She gives a rule of thumb that if the collateral were a brand-new mobile home on an acre in a nice subdivision, the story would change because there would be more exit options. 16. She also shares a mobile home park example in Alabama where a note originally tied to a $400,000 sale later became a foreclosure matter and then attracted a $225,000 buyer. 17. Dawn says title issues and hidden liabilities matter, because a deed in lieu can leave problems attached while foreclosure can clean things up. 18. The tone is conversational and live, with audience members like Sue Ellen, Robin, Clarissa, Jim, and Kenesha asking questions and adding examples. 19. Listeners who like note underwriting, collateral analysis, and hard-asset strategy would get the most from it. 20. Listeners who want a short market recap without detailed deal math may skip it.

As heard by us

Live note underwriting with title risk, foreclosure logic, and an upside sale offer.

This year-end Property and Paper Live session reads more like a working memo than a polished lesson. Dawn Rickabaugh moves through practical questions about taxes, landlord fatigue, and small rental portfolios, then folds in a park note that brings foreclosure, title, and…

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Why you'd press play

A messy park note turns into a better-than-expected exit.

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