Ep. 46 Buying and Selling Notes with Note Queen Dawn Rickabaugh
Description
Welcome back to the show today! I am excited because we have royalty on the show! Dawn Rickabaugh is the owner of Note Queen Capital Funding. She buys seller-financed notes across the country, and helps others get started investing in notes. We talk about buying, selling and creating notes. She is an expert in a note space, also in marketing and branding. Dawn is a writer, educator, coach and author of “Seller Financing on Steroids: Pumping Paper for Power, Peace and Profits.”
She is the creator of Citizens of the Realm, a unique membership & training site dedicated to helping passive investors, buyers, sellers, and professionals understand “the dance between property and paper”. She actively supports members of her community around their owner financing and note transactions.
Dawn is a brave and capable lady, who managed to build her empire as a mother of four. This is not even her first career, she transitioned into real estate after quitting her nursing job! I am sure that you will enjoy while learning from this incredible woman!
Note Queen – www.notequeen.com
Show Notes:
06:50 – 12:43 From nurse to notes
12:43 – 19:35 Dawn’s strategy when it comes to buying notes.
- Does she want her notes to pay off, or she prefers keeping them for a long-term cash flow?
- Diversity is the key!
19:35 – 22:22 How do Dawn’s lenders on the front side go about understanding how they are going to get paid?
- Importance of staying local with notes in the beginning
22:22 – 26:25 What happens if lender decides to leave deal earlier than intended?
26:25 – 28:31 Importance of relationships
28:31 – 31:35 Creating notes, buying created notes, what is Dawn’s focus?
31:35 – 36:54 Buyer screening process
36:54 – 42:00 Holding period and selling the note
- Consistent payments by a person that bought a property