Mortgage Note Investing Weekly

Buying or selling mortgage notes involves plenty of documents, data, and moving parts. The new Paperstac platform brings more of that work into one place—and Rick Allen and TJ Osterman are here to walk you through it. In this episode, Rick and TJ introduce timed auctions, easier loan uploads, and an AI-powered data room that organizes collateral files and answers questions with links to the source...

Would you rather own the house or own the mortgage? Rick Allen and TJ Osterman compare rental property investing with mortgage note investing—and explain why the answer goes beyond the monthly payment. Drawing on experience with both strategies, they debate appreciation, cash flow, leverage, maintenance costs, and the responsibilities of being a landlord versus a lienholder. They also explore borr...

Finding your next mortgage note investment is one challenge. Finding the capital to buy it is another. In this episode of the Paperstac Podcast, Rick Allen and Brett Burky discuss creative funding sources for note investors, including home equity lines of credit, all-in-one mortgages, and financing secured by a life insurance policy. Brett explains how he uses borrowed capital to purchase cash-flo...

Buying or selling a wraparound mortgage note? Understanding the underlying lien, payoff process, and lien release is an essential part of evaluating the deal. In this episode of the Paperstac Podcast, Rick Allen and TJ Osterman explain how wraparound mortgages work and discuss what happens when a seller-financed note has an existing senior loan. Rick walks through the escrow process described in t...

Real estate investors already have one of the hardest note-investing skills: understanding the collateral. In this episode, TJ Osterman and Rick Allen break down why the jump from real estate investing into mortgage notes can be a natural next step for wholesalers, flippers, landlords, and investors looking for another tool in the toolbox. They cover how real estate experience helps with valuing p...

How is artificial intelligence changing mortgage note investing and real estate? In this episode of the Paperstac Podcast, Rick Allen and TJ Osterman break down practical ways note investors can use AI tools such as ChatGPT, Claude, and Gemini to save time, improve decision-making, and operate more efficiently. They explore how AI can help investors: • Research unfamiliar topics and understand com...

Pricing a mortgage note is not just about picking the highest number. It comes down to seller motivation, market timing, buyer demand, asset quality, and how quickly you need to move. In this episode of the Paperstac Podcast, TJ and Rick Allen break down how sellers should think about pricing expectations when listing notes, why some assets move quickly while others sit, and how the trade-off betw...

Rick Allen and TJ Osterman are back on the Paper Stack Podcast to talk about balancing yield and risk in note investing. In this episode, they dig into why chasing an 18% target yield can sound attractive, but often comes with added risk, more defaults, thinner equity, smaller-balance assets, or heavier servicing and workout demands. They also explain why experienced investors may prefer steady “b...

How much does your listing description really matter when you're selling a mortgage note? In this episode, Brett Burky and TJ break down one of the most overlooked opportunities for note sellers: creating listing descriptions that actually capture buyer attention. They discuss why generic, one-line descriptions leave money on the table and how today's AI tools can help sellers build comp...

Thinking about buying a mortgage note? Before you make an offer, there are a handful of questions that can save you thousands of dollars—or help you uncover a great investment. In this episode of the Paperstac Podcast , Brett Burky and TJ Osterman walk through the exact due diligence questions they ask before purchasing a mortgage note. Whether you're a first-time investor or an experienced n...

Why do borrowers stop making their mortgage payments? Is it simply because they don't want to pay—or is there much more to the story? In this episode of the Paperstac Podcast , Brett Burky and Rick Allen break down the real reasons borrowers default on their mortgage loans and what every note investor should understand before buying performing or non-performing notes. Drawing from years of ex...

Thinking about investing in a mortgage note fund but not sure where to start? In this episode of the Paperstac Podcast, Brett Burky sits down with TJ Osterman to break down the most important factors investors should consider when evaluating a mortgage note fund. Whether you're a seasoned investor looking to diversify your portfolio or someone searching for passive income opportunities outsid...

Should you invest in a mortgage note fund or build your own portfolio of mortgage notes? In this episode of the Paperstac Podcast, Brett Burky and Rick Allen break down one of the most common questions in the note investing industry: Is it better to invest passively through a mortgage note fund or actively purchase mortgage notes yourself? Both strategies can generate attractive returns, passive i...

What is Cash for Keys, and why do experienced mortgage note investors and real estate investors use it to save time, money, and stress? In this episode of the Paperstac Podcast, Brett Burky and Rick Allen break down the real-world strategy behind Cash for Keys agreements and how they are used in mortgage note investing, foreclosure situations, and distressed real estate deals. Many new investors a...

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Why Your Mortgage Note Isn't Selling (5 Reasons We See Every Week) Struggling with selling mortgage notes on Paperstac? Rick Allen and Brett Burky are back — and in this episode, they break down the five most common mistakes note sellers make that keep listings from getting bids. These aren't theories. These are real patterns they see on the platform every single week. In this episode, w...

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Here are three actionable takeaways: 1. Assess Your Goals: Determine how serious you are about note investing. As a hobby, an LLC may not be necessary, but for long-term commitment, it's worth considering. 2. Evaluate Risk: Gauge your personal risk tolerance. Decide if you'd prefer the peace of mind that comes with protecting your personal assets through an LLC. 3. Seek Professional Guid...

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𝗧𝘂𝗿𝗻 𝗮 𝗥𝗲𝗻𝘁𝗮𝗹 𝘄𝗶𝘁𝗵 𝗮 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗶𝗻𝘁𝗼 𝗮 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗡𝗼𝘁𝗲 (𝗛𝗼𝘄 𝘁𝗼) Thinking about turning your 𝗿𝗲𝗻𝘁𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 into a 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗻𝗼𝘁𝗲? In this episode of the Paperstac Podcast, Rick and Brett explain how to create a note on a rental property with an existing mortgage. They cover strategies like wrap mortgages, creative financing, and how investors can leverage owner financing to cash out while stil...

Follow Us On These Platforms: 👇 Facebook: https://pstac.co/facebook Linkedin: https://pstac.co/linkedin Twitter:   https://pstac.co/twitter TikTok: ...

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In this episode of the Paperstac Podcast, Rick Allen and Brett Burky dive into essential note investing habits that new note investors need to know to succeed.  After attending conferences and navigating hurricanes, they’re back to share practical tips that will help you as note investors develop a consistent strategy in the note investing business. From reviewing deals and creating efficient work...