Joining us on this episode of Living Off Rentals is someone who has built a career around one of the most overlooked paths to passive real estate income: note investing.
Nathan Turner is the founder of Earnest Investing and an experienced mortgage note investor known as the “Canadian Note Guy.” Since 2009, he’s been buying and managing notes to generate steady cash flow, and he also runs the Diversified Mortgage Expo, a leading annual event for the note investing community.
Listen as he shares what note investing is, how it compares to owning rentals, where to find good notes, and the key due diligence steps to avoid costly mistakes.
He also talks about his first deal, the biggest lessons he’s learned, why note investing can be such a powerful, hands-off strategy for building long-term wealth, and how it’s a strategy that can go hand-in-hand with rental property investing.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Nathan Turner and his background
[02:13] How he got interested in real estate investing
[03:55] Note Investing: Getting the same kind of cash flow without owning the property
[04:54] What exactly is note investing?
[06:18] Difference between being a lender and a note investor
[07:28] The pros and cons of owning real estate
[10:16] Minimizing the tax liability
[11:22] Nathan on investing notes on a specific type of deal
[14:08] How to find a seller finance note?
[18:08] Residential Mortgage Loan Originator
[18:27] Making sure that the borrower will continue to pay
[20:10] The foreclosure process
[24:18] Note investing is a cash business
[26:54] Average amount of time to hold the notes
[29:10] Common mistakes new note investors make
[31:25] Connect with Nathan Turner
[35:00] Think like the bank
Guest Links:
Website: https://earnestinvesting.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Published on 4 weeks ago
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