Real Estate Notes Show: Note Investing | Seller Financing

Hosted by JKP Holdings LLC: Dave Putz and Nathan Turner

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162

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Oct 2026

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About the show

Real Estate Notes Show — the podcast for note investing, mortgage note buying, and seller financing. Hosts Dave Putz (active mortgage note buyer since 2010) and Nathan Turner show you how to "become the bank": buying performing and non-performing notes (NPLs), due diligence, bid strategy, seller-financed note creation, servicing, and exit strategy. Whether you're a note buyer, note creator, or investor building passive real-estate income, every episode delivers expert-level, real-world strategy from people doing actual deals — not theory. New episodes weekly.

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November 6, 2026Episode 16337 min

Ep 163 Hard Money Lending From 20 Countries | Harley Green

A former defense engineer now runs a private lending business from anywhere in the world. Harley Green shares his co-lending model.In this episode of the Real Estate Notes Show, Dave Putz and Nathan Turner sit down with Harley Green. He went from house hacking and landlording to lending on short-term fix-and-flip and bridge loans with his family. Whether you're a note investor, a note creator, or a seller-financer exploring private lending, this one is packed with deal structure and risk-protection ideas. 🎙️🔥 What you'll learn:- 🏠 How Harley and his wife went from landlords to lenders using a 401K and a self-directed IRA- 🤝 How his co-lending model lets investors fund a fractional piece of a short-term loan- ⏱️ Why he offers 4-to-9-month terms instead of the standard 12 months- 💵 How an extension fee passes to co-lenders as a 1% capital bonus- 🔨 How he handles draws by paying only for completed, paid-for work- 🤖 How an AI agent and a standard SOP help him close loans in three business days- 📉 Why he moved from deferred interest to interest reserves- 🪜 How a loan ladder creates frequent liquidity events- 🔍 What a note buyer should look for in a rehab note, and the conditional answer on selling a note at 9%To obtain this week’s Real Estate Notes Show guest Harley Green’s information, use this link https://bit.ly/4kha33o

October 2, 2026Episode 16242 min

Ep 162 Stop Overpaying for Note Investing Training | Jamie Bateman

Note investing can feel scary when you're figuring it out alone. 🧩 In this episode, Dave and Nathan talk with Jamie Bateman of Labrador Lending about how networking — not guessing — is the real edge in this business. Jamie shares his journey from rentals to running a note fund with 50+ assets, why he thinks most "guru" courses are overpriced, and how nearly all his best deals come from people he's known for years. 🤝💼 🎯 What you'll learn: 💰 Why "too passive" was Jamie's biggest early mistake 🔗 How relationships (not platforms) drive 85% of real note deals 📊 The 75% LTV rule that protects every purchase ❤️ Real borrower stories that reveal the human side of Non-Performing Notes 📈 Where Seller Financing, Wrap Notes, and Note Creating are headed next To obtain this week's Real Estate Notes Show guest Jamie Bateman's information, use this link https://bit.ly/4hgMbdk Jamie Bateman runs Labrador Lending, a note investing fund, and mentors newer investors navigating Note Investing, Note Broker relationships, and Partial Notes strategy. 🔔 Follow the show so you never miss an episode — new conversations drop weekly!

September 18, 2026Episode 1611 hr 6 min

Ep 161 Most Seller Finance Notes Are Legally Worthless | Sohail Badruddin

We opened up 4 real seller-financed notes and found problems in almost every single one. Here's what to fix before you buy or sell.🎙️ In this episode of The Real Estate Notes Show, host Dave Putz and Nathan Turner sit down with 30-year servicing veteran Sohail Badruddin (Provident Loan Servicing) to review four LIVE note deals — line by line, clause by clause.📋 What you'll learn:✅ Why a 1-page promissory note is an automatic red flag✅ How a missing notary stamp can make an entire note unenforceable✅ Why vague prepayment penalties (like an undefined 5%) confuse judges and defense attorneys✅ The Texas wrap note clause that illegally makes the buyer responsible for the SELLER'S underlying lien✅ Why "immediate foreclosure" language for missed insurance is a legal landmine✅ Why pre-signed deed-in-lieu clauses don't hold up in court✅ The 3.3% interest rate trap that could turn your loan into a taxable "gift"✅ Why balloons, interest-only terms, and prepayment penalties are theTo obtain this week's Real Estate Notes Show guest Sohail Badruddin's information, use this link https://bit.ly/3T1deku

July 31, 2026Episode 16054 min

Ep 160 Non-QM and DSCR Loans Explained | Andrew Hoelzel

**🔗 Connect with Andrew:** https://bit.ly/4ftKR5X**Stop letting traditional lending guidelines kill your real estate deals.**In this power-packed episode, veteran mortgage banker Andrew (25+ years experience) pulls back the curtain on non-QM lending and DSCR loans—the institutional financing tools that sophisticated investors use to scale their portfolios without jumping through Fannie Mae's hoops.**What You'll Learn:**• Why non-QM loans today are NOTHING like the toxic subprime products that crashed in 2008• How DSCR loans let you finance properties using the property's cashflow instead of your personal income• The secret "no ratio" DSCR products that don't require 1.0 cashflow (you can go as low as 0.75!)• Exact exit strategy from expensive hard money into long-term fixed financing• Bank statement loans, P&L loans, and 1099 income verification alternatives• Why smart investors eventually transition into note creation (becoming the bank)• Coming market opportunities in affordable housing sector• How warehouse lines actually work (the "fancy checkbook" that funds your deals)**Perfect for:** Real estate investors, landlords with equity stuck in rental properties, self-employed borrowers who can't prove traditional income, anyone trying to scale beyond 10 financed propertiesAndrew shares real-world examples from his decades in mortgage banking—including surviving the 2008 crash—and explains why today's non-QM space is the smartest play for unconventional investors who don't fit in traditional boxes.**🔗 Connect with Andrew:** https://bit.ly/4ftKR5X**📅 Join us at Note Conference:** Nashville, May 2026 - [Registration link]**💬 Drop a comment:** What lending challenges are YOU facing right now? Let's help you find solutions.**👍 LIKE this video if you learned something new about non-QM lending****🔔 SUBSCRIBE for weekly note investing strategies****📤 SHARE with investors stuck in expensive hard money**#NoteInvesting #DSCRLoans #NonQMLending #RealEstateInvestingLooking for more help with Note Investing?Visit our website, follow us on social, join our Note Investing Facebook group, or listen to our Note Investing Podcast!✅LinksNote Investor Education - https://www.jkpholdings.com/note-investor-educationWebsite: https://www.jkpholdings.comSell Your Note: https://jkpholdings.com/sell-my-mortgage-noteNote Investors: https://jkpholdings.com/note-investingPodcast: [https://jkpholdings.com/podcast/](https://jkpholdings.com/podcast/)Beginner Series: Https://www.jkpholdings.com/beginner-series/Advanced Note Investing Education: https://jkpholdings.com/note-investing/note-investing-junior-mastermind/

July 17, 2026Episode 15945 min

Ep 159 35-Year Banker Reveals: Why UPB Doesn't Matter When Pricing Notes | Doug Smith

To obtain this week's Real Estate Notes Show guest Doug Smith's information, use this link https://bit.ly/4vfnWB5In this revealing episode, we sit down with Doug, a 35-year banking veteran who survived the 2008 crash and has worked through multiple market cycles. Doug shares the insider knowledge that separates successful note investors from those who lose money on seemingly "good" deals.**What You'll Learn:**• Why pricing notes based solely on UPB or BPO is fundamentally flawed• The dual pricing methodology banks use to evaluate every note investment• How to find the real story behind every borrower (hint: check social media)• The critical difference between data tapes and collateral files• Assignment chains and allonges explained in plain English• Why ROI calculations without time factors will mislead you• Doug's compassionate approach to loan workouts that maintains borrower dignity• Market forecast: Why Doug sees major opportunity coming for note investors in 2025**Key Topics Covered:**✅ Performing vs non-performing note strategy✅ Underwriting methodology from institutional banking✅ Due diligence beyond the spreadsheet✅ Resolution toolkit for non-performing loans✅ Ethical exit strategies for struggling borrowers✅ Market cycles and upcoming opportunitiesDoug brings three decades of special assets experience, having worked with three of the world's largest banks before founding Castle Rock Capital Management and launching The Mad Lender consulting firm. His new book, "The Mad Lender's Guide to Private Lending and Note Investing," is now available on Amazon.**🔔 Subscribe for weekly note investing insights from industry veterans****💬 What's your biggest challenge in note underwriting? Drop it in the comments!****Connect with Doug:****Mentioned Resources:**• The Mad Lender's Guide to Private Lending and Note Investing (Amazon) https://www.amazon.com/Lenders-Guide-Private-Lending-Investing/dp/B0H5NZ3KVB• Castle Rock Capital Management• The Mad Lender consulting services

June 19, 2026Episode 1581 hr 0 min

Ep 158 Automate the Boring Parts of Your Real Estate Note Business — With AI | Dominic McFadin

What happens when a third-generation note investor who grew up taking apart computers starts applying AI to every layer of the note business? You get Dominic — and this episode is packed with the kind of real-world, no-fluff automation insight that note investors and note creators rarely hear. To obtain this week's Real Estate Notes Show guest Dominic McFadin's information, use this link https://bit.ly/4upMLK1 💡 Dave Putz and Nathan Turner sit down with Dominic, co-founder of Note Buyers of America and recent acquirer of a Texas servicing company, to unpack exactly how AI is changing note due diligence, portfolio tracking, collections, and even how note sellers show up to the table pre-educated. Whether you're a seasoned note investor or just starting to create seller finance notes, there are immediate takeaways in this conversation you can act on today.**🔑 What you'll learn in this episode:**💰 How to use AI to instantly organize loan tape emails — no tech skills needed📊 How to turn your servicer's PDFs into a live portfolio dashboard in two prompts🏠 Why note sellers are arriving pre-educated on discount theory — and how AI did that for you🤖 Claude vs. ChatGPT vs. Gemini: which to use and when📌 The "interview me" prompt that gets AI to figure out what you actually want📈 How AI is being used in note servicing to predict late payments and improve collections🔍 The difference between SEO, AEO, and GEO — and why it matters for note creators and buyers

May 18, 2026Episode 15731 min

Ep 157 Big Opportunities + Relationships = Success | DME 2026 Recap

We just got back from the Diversified Mortgage Expo, and we had to jump straight into the mic to break down everything we learned, experienced, and walked away thinking about. Watch replay - https://youtu.be/3_8i3bwe7-0**In this episode:**- 🎤 A full recap of the Diversified Mortgage Expo (DME) in Nashville — what made it truly stand out from other industry conferences- 🤖 AI vs. VA debate from the conference floor — the room was more divided than expected, and the results might surprise you- 📉 Eye-opening data from the Mortgage Bankers Association on housing affordability and what the trends mean for note investors right now- 🥊 "Head-to-Head" sessions breakdown — scaling up vs. staying small, and why both arguments made a compelling case- 🤝 Why the note investing community keeps growing and attracting fix-and-flip investors looking to add notes to their portfolio- 💡 A challenge to service providers: why buying a note yourself could completely change how you serve your clients- 🧠 The power of relationships in building a conference — and why no AI or VA can replace knowing the right people

April 24, 2026Episode 15654 min

Ep 156 Do You Need a License to Buy and Sell Notes? | Roslind Ray

Do you need a license to buy and sell real estate notes? This is one of the most common questions in the note investing world, and the answer is more nuanced than you might think. In this episode, Dave Puts and Nathan Turner dive deep into the licensing requirements for note investing, exploring how regulations vary dramatically from state to state. They break down what you actually need to know before buying, selling, or servicing mortgage notes, and why understanding your state's specific laws is absolutely critical to operating legally and profitably in this space. To obtain this week's Real Estate Notes Show guest Roslind Ray's information, use this link https://bit.ly/481Rfyp Whether you're just starting out in note investing or you're already active in the space, licensing questions can make or break your deals. The team discusses real examples, the costs involved, and how to navigate the compliance landscape without getting stuck in analysis paralysis. If you've been wondering whether you need a license or not!🎓 WHAT YOU'LL LEARN:• Licensing requirements for note investing vary significantly by state law• Federal regulations don't apply; each state sets its own rules• Buying, selling, and servicing notes may require different license types• Understanding state compliance helps you structure deals more profitably• Seller finance education is critical before creating or purchasing notes• Some states allow unlicensed note investing with proper structure• Legal guidance prevents costly mistakes and protects your investments

April 11, 2026Episode 15557 min

Ep 155 30 Years, Zero Missed Payments: Shane Perkins' Buyer-First Real Estate Model | Shane Perkins

To obtain this week's Real Estate Notes Show guest Shane Perkins's information, use this link https://bit.ly/4m0JkHb Shane Perkins has spent 30+ years building a note investing business from scratch—starting in manufactured housing, surviving the 2000 mobile home crash, then the 2008 mortgage meltdown. In this episode, he reveals his "Reverse Wrap" strategy: find qualified buyers first (with 20% down and income), pre-approve them, let them shop for their dream home, then acquire and seller-finance it to them—all closing same-day. No vacancy, no rehab risk, no sub-2 liability. Shane has closed over 1,300 deals and has never missed a payment on a Subject-2 transaction, proving that buyer-first underwriting beats house-hunting every time.🔥 TOP HEADLINES FROM THIS EPISODE:📌 Shane closed over 1,300 real estate deals in 30 years without formal education—just boots-on-the-ground experience📌 The "Reverse Wrap" strategy: find the buyer first, get 20% down, then go shopping for their dream home📌 Why 7,000 qualified buyers with 20% down are turned away by banks every single day📌 Shane survived both the 2000 manufactured housing crash and 2008 subprime meltdown by spotting loose lending early📌 The 3 components that lock a buyer into a home: equity, income, and home of their choice📌 Why wrapping your own debt is ethical—and wrapping someone else's is a ticking time bomb📌 Shane's crystal ball: housing shortage + falling rates = another price boom is coming ✅LinksNote Investor Education - https://www.jkpholdings.com/note-investor-educationWebsite: https://www.jkpholdings.comSell Your Note: https://jkpholdings.com/sell-my-mortgage-noteNote Investors: https://jkpholdings.com/note-investingPodcast: https://jkpholdings.com/podcast/Beginner Series: Https://www.jkpholdings.com/beginner-series/Advanced Note Investing Education: https://jkpholdings.com/note-investing/note-investing-junior-mastermind/

March 29, 2026Episode 15439 min

Ep 154 Unlimited Loan Servicing for $77/Month: Borrowers Pay It | Ted Tekippe

Your spreadsheet won't hold up in foreclosure court—and it's killing your note's resale value. Here's the fintech solution that costs less than your monthly Netflix subscription.In this episode, Dave and Nathan sit down with Ted Tekippe, CEO of Zimple Money, to explore how cloud-based loan servicing software is revolutionizing note investing. Ted breaks down exactly why third-party loan records beat your spreadsheet every time, how to pass 100% of servicing costs to your borrowers, and why note buyers like Dave pay HIGHER prices for professionally serviced notes.To obtain this week's Real Estate Notes Show guest Ted Tekippe's information, use this link https://bit.ly/472pftV 🔑 **KEY TAKEAWAYS:**💰 Pricing that scales: $23/month for up to 3 loans, $47 for up to 20, $77 for UNLIMITED loans🏦 Pass all fees to borrowers—use professional servicing software for $0 out of pocket⚖️ Third-party loan ledgers hold up in court; your spreadsheet doesn't🛑 One-click default feature stops partial payments instantly (no servicer email needed)📊 Real-time borrower portal with payoff quotes, payment history, auto-pay setup🤝 Transfer notes between investors with full payment history intact🏗️ Built for hard money lenders: handles construction draws, loan syndicates, investor repayment✅ SOC 2 certified, PCI compliant, NACHA compliant, FBO trust accounts included📈 Note buyers pay premium prices for Zimple-serviced notes vs. spreadsheet records🔮 2026 feature: integrated note marketplace for buying and selling