In this episode, Jamie shares his journey from quitting his job to becoming a successful entrepreneur owning multiple companies, including a mortgage note investing and loan servicing company. He also provides a crash course on how to become a note investor yourself, while sharing tips and tricks on how to stay motivated and what he's working on.
Tune in to learn about the advantages and disadvantages of note investing, how to buy non-performing and performing mortgage notes, and why it's a more secure asset class than stocks. Whether you're a real estate professional or an aspiring investor, this episode is for you.
“more often than not, the frontline real estate professionals do not become investors.”
Making the shift always lived in the back of my mind. It wasn’t until 2015 that I invested in my first property while working a civilian job with the Department of Defense. Eventually, working there felt like groundhog day and I was losing the passion for it. Tune in for the story of why I quit my job and how I made it work after quitting.
“I do think action taking a step is critical. If someone is stuck, take a step, move in one direction. You can still turn 10 degrees and then turn back. You don't have to conquer it all immediately, but I do think taking one small step toward your goal is critical.”
A crash course in becoming a mortgage note investor:
- Buying non-preforming mortgage notes is like buying a fix and flip property: you turn it into a performing note and can sell it at a higher rate to someone else. The purpose is to exit.
- Buying a performing mortgage note is like buying a buy and hold property: its a cashflow play, you receive payments as a borrower pays off their mortgage.
- Disadvantage of note investing: The value of a mortgage note goes down over time because as the borrower pays off the principal, the interest amounts also decrease.
- Mortgage note investing is more secure than other asset classes like stocks because the real estate is always your collateral. All your investments are backed with tangible assets.
- “the most successful note investors probably have some real estate investing experience”
- Mortgage note investing is fully location independent, you can do it from anywhere.
- You don’t have to have a mortgage note business to be a mortgage note investor.
Links
Abundance through Instability and Loss with Homeschooler, Investment-Club Creator Emma Powell
Cash Flow Quadrant by Robert Kiyosaki
Rich Dad, Poor Dad by Robert Kiyosaki
Connect with Emma Powell:
PODCAST: Passive Income Adventures
LINKEDIN: https://www.linkedin.com/in/emmapowell28/
Haven Financial:
https://www.myfinancialhaven.com/jamiebateman/
ATTENTION:<
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.