EP105: My First Note With Rick Allen

Mortgage Note Investing Weekly

🔥 Rick Allen's First Mortgage Note Purchase: Uncovering the Secrets to His Success! 🔥
In this captivating episode, we talk about Rick Allen's first note purchase. Join us as we dive into Rick's first mortgage note experience, uncovering the lessons learned and how they influenced the success he enjoys today.
Journeying from Real Estate Investment Homes to the Realm of Mortgage Note Investing 📈 We start with the backstory of how Rick transitioned from selling real estate investment homes to exploring the note market. Find out how he got a call from a real estate agent offering him a chance to purchase a frame duplex in Winter Garden, Florida.
Navigating the Note-Buying Process:
Explore how Rick stumbled upon this fantastic opportunity and skillfully navigated the ins and outs of the mortgage note-buying process. Rick's journey of making an offer, negotiating the price, and securing the note for $8,400 will keep you on the edge of your seat!
Stay tuned for more captivating stories from our my first note purchase series!
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Chapters:
00:00 Introduction
00:50 Rick's Fasting Journey & Brett's Kitchen Renovation
01:14 How Rick Got Into The Note Investing Space
02:26 The Story Behind Rick's First Note Purchase
04:39 Negotiating the Purchase Price with the Seller
6:03 Conducting Due Diligence & Research on the Property
8:00 Negotiating a Deed in Lieu of Foreclosure
10:12 Closing the Deal & Listing the Property for Sale
11:44 Selling The Property Quickly & Profitably
13:36 Challenges & Obstacles Faced During the Note Purchase
14:51 Learning Experiences & Lessons From the Mortgage Note Deal
16:27 How Word Spread About Their Success in Note Investing
17:35 The Start of a Successful Note Investment Journey
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