Mortgage note investing is a compelling alternative for those seeking to diversify their investment portfolios beyond traditional property ownership. In a recent episode of “Raising Private Money,” hosts Jay Conner and Dan Deppen delved into this lesser-known, yet highly lucrative, investment strategy. Dan, who has raised approximately $3 million for mortgage notes over the past year, shared his valuable insights into the world of note investing.
What is Mortgage Note Investing?
Mortgage note investing involves purchasing existing mortgage notes from lenders or other investors. These notes are financial instruments that promise to repay the borrowed funds with interest. Essentially, note investors step into the lender’s shoes, collecting monthly mortgage payments from borrowers. If the borrower defaults, the note investor can foreclose and take ownership of the property.
The Appeal of Annoyance-Free Note Investing
One of the most appealing aspects of note investing is the relatively hassle-free nature of the investment. Unlike traditional real estate investing, where landlords may deal with property repairs, tenant issues, and vacancies, note investors simply collect payments. This makes note investing more akin to a passive income stream, particularly when dealing with performing notes.
Raising Private Money for Note Investments
Raising private money is a cornerstone of Dan Deppen’s investment strategy. He built his approach around an educational model, sharing his learnings and experiences with a growing audience over time. By cultivating trust and providing educational content through newsletters, podcasts, and videos, Dan has attracted private investors organically. Rather than directly asking for money, he focuses on sharing what he has learned, which naturally draws in those interested in investing.
The Hypothecation Strategy
One key strategy that Dan employs is hypothecation. Hypothecation involves borrowing money to invest in a mortgage note, using the mortgage note itself as collateral for the loan. This method offers a two-tiered security system: the investor loans money to Dan, and the loan is then secured by the note. This layered security minimizes risk and makes the investment attractive to private lenders who seek high single-digit returns without active involvement.
Risk Management and Investor Protection
Risk management is integral to Deppen’s approach. Investors often worry about what happens if the borrower defaults. Deppen assures that his structure mitigates this risk effectively. If a borrower defaults, Deppen manages the foreclosure process, ensuring that his investors are not left to handle these tasks. This adds a layer of security for investors, making them more comfortable with the investment.
Finding and Evaluating Notes
Finding quality notes is vital, and Dan places a high value on network cultivation. Being well-connected in the industry not only provides access to exclusive deals but also strengthens trust with sellers and fellow investors. Leveraging this network, he buys notes with his funds initially and then refinances with private money, which allows for greater control over the buying process.
For those new to note investing, starting with smaller, easier-to-understand deals and incrementally building confidence and expertise is recommended. This approach underlines the need for thorough due diligence and an understanding of market norms.
Passive Income: An Attractive Proposition
Dan’s method de-emphasizes the complexity faced by traditional landlords. Investors can earn high single-digit returns passively, without worrying about property management. This philosophy of sharing knowledge instead of hard selling is appealing to investors who seek reliable returns without active participation.
Getting Started in Note Investing
Dan Deppen makes it accessible for new investors to get involved. His website, Fusion Notes, offers educational resources and opportunities to join his email list. Through his YouTube channel, Deppen provides in-depth explorations of various aspects of note investing, making it easier for newcomers to grasp the fundamentals.
In conclusion, mortgage note investing offers a viable, often more straightforward, alternative to traditional real estate investing. By leveraging the power of private money, employing hypothecation for layered security, and maintaining comprehensive risk management practices, investors can enjoy solid returns with minimal headaches. Dan Deppen’s patient, educational approach proves invaluable for anyone looking to enter this lucrative field.
10 Discussion Questions from this Episode:
- Understanding Note Investing:
- What are the main differences between investing in mortgage notes and traditional real estate investments like single-family homes?
- Starting in Note Investing:
- How can someone new to real estate begin educating themselves about the complexities and nuances of note investing?
- Raising Private Money:
- According to Dan Deppen, what are the best practices for building a network of private investors without directly asking for money upfront?
- Risk Management:
- What strategies does Dan Deppen use to assess and mitigate the risks associated with investing in mortgage notes?
- Deal Sourcing:
- Where does Dan typically find notes to buy, and how does he determine whether they are worth purchasing?
- Hypothecation:
- Can you explain the concept of hypothecation and how it is used in the context of note investing, as discussed by Dan Deppen?
- Investment Returns:
- What typical returns can investors expect from mortgage notes, and how do these returns compare to other forms of passive investment?
- Investor Liquidity:
- How does Dan Deppen handle situations where an investor needs to liquidate their investment earlier than planned?
- Common Challenges:
- What are some common challenges note investors face, as mentioned by Dan, and what solutions does he offer?
- Educational Resources:
- Dan mentioned his YouTube channel and email list as resources. How important is continuous learning and adaptation in the field of note investing, according to Dan and Jay?
Fun facts that were revealed in the episode:
- Jay Conner prefers attracting private money by being a teacher, sharing knowledge about private money lending rather than directly asking for funds.
- Dan Deppen originally started his career as an aerospace engineer before transitioning to note investing.
- Dan Deppen likes to play the long game in raising private money, focusing on building relationships and an email list over time instead of seeking immediate funds for deals.
Timestamps:
00:01 Raising Private Money Without Asking For It
06:04 Attracting private money by teaching and sharing.
09:22 Pass-through payments enable passive real estate investment.
10:15 Borrower default? I manage foreclosure and lender involvement.
16:36 Investor terms match the underlying loan to refinance.
19:47 Build network for best loan investment deals.
20:51 Reliable networks attract deals and investment opportunities.
24:01 Non-performing notes might require foreclosure challenges.
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Simplifying Note Investing With Private Money: Expert Insights from Dan Deppen and Jay Conner
Jay Conner [00:00:01]:
Welcome to another amazing episode of Raising Private Money. I’m Jay Conner, your host, also known as the Private Money Authority. This is the podcast where we talk about how to raise private money for your real estate deals without ever having to ask for money. Well, my guest today has raised about $3,000,000 for mortgage notes specifically over the past year, primarily raising that private money from individuals who are using their retirement accounts to, invest in his notes and loan money on the notes. So anyway, my guest clients, come to him because they want a no-nonsense approach to note investing, and they want a step-by-step system that doesn’t waste their time. Well, in just a moment, we’re gonna be talking about raising private money, investing in mortgage notes, and all that kind of great stuff with my great guest and friend, mister Dan Dippen. And you’re gonna meet him right after this.
Narrator [00:01:06]:
If you’re a real estate investor and are wondering how to raise and leverage private money to make more profit on every deal, then you’re in the right place. On raising private money, we’ll speak with new and seasoned investors to dissect their deals and extract the best tips and strategies to help you get the money because the money comes first. Now here’s your host, Jay Conner.
Jay Conner [00:01:33]:
Well, hey there, Dan. Welcome to the show.
Dan Deppen [00:01:36]:
Hey, Jay. How are you doing?
Jay Conner [00:01:38]:
I’m doing fantastic. I sure enjoyed being a guest on your show not too long ago. And after having that conversation with you, I said, man, we gotta have Dan Deppen here on Raising Private Money. You’ve got wonderful experience in raising private money. We’re gonna dive into that as to how you like to go about raising private money. Then we’re gonna talk about your mortgage note investing, and what that looks like. But before we dive into that, how about sharing your journey with the audience, Dan?
Dan Deppen [00:02:10]:
Yeah. So for me, I started my career as an engineer in the aerospace industry and then, you know, later went to business school. I got into product management. Along the way, I found that I had most of my money in stocks, and I wanted to diversify it into real estate. And so even back, you know, 8 years ago or so in the Denver area where I am, cap rates and things for rentals were pretty tough, so I started looking around at alternatives. And that was when I came across mortgage notes. And then once I found mortgage notes, I went down that rabbit hole pretty hard. One of the things I like about the industry is just there’s a lot of supply out there and not that many people who know how to operate in the space or or chasing it.
Dan Deppen [00:02:55]:
So it’s been kind of a fun, more lucrative niche for me.
Jay Conner [00:03:00]:
How did you get introduced to, mortgage note investing, and what got you interested in doing it?
Dan Deppen [00:03:07]:
I don’t know if I recall exactly where I first found it. I know I listened to a lot of podcasts. There was one called the, oh, gosh. It was the it was called, like, the note NBA. It hasn’t been around for several years, and then started following some of the groups online. You know, started following some of the folks, like like Dave Putz, who I’m still, you know, very close friends with, and then some other folks like Wayne Schnell, who was, you know I would say, like, ahead of the industry 8, 9 years ago, and are really good guys, and we’re always good about, you know, sharing what they’ve learned.
Jay Conner [00:03:49]:
I got you. So let’s first talk about how it is that you’ve gone around, and gone about raising private money. Here on this podcast, raising private money, we’ve got 2 groups of people. We have one group of people who are looking to raise private money for their real estate deals. And then we got folks here that are tuning into the show that are interested in passive investing and just want to sit back and collect nice returns. So first, let’s speak to people who are interested in raising private money for real estate for their investments. So how did you get started raising private money?
Dan Deppen [00:04:28]:
So I got started, you know, fairly early on. I did some training with a guy at the time who, you know, kind of advocated raising private money, and my approach to it has always been that I play a very long game. Right? Like, I don’t ever really try to raise private money directly. My long-term approach has just been I build my email list. I email my list regularly, and I try to and when I email my list, I’m sharing things that I’ve learned. So one of the things about notes is no longer no matter how long you’ve done it, some of the individual deals, like, you’re sometimes things get weird. You’re always running into new things and always learning stuff. And so what I’ve done is just build an audience, and then I share what I learned.
Dan Deppen [00:05:25]:
So part of that’s through the email list, and then I’ve also since set up a podcast and a YouTube channel. I found that if I’m just sharing what I’m learning and what I’m up to, then people tend to reach out and ask if I have any opportunities or things they can participate in. And then I kinda keep a separate list of people who are interested in investing, and I wanna get to know them a little bit and then eventually work with them. So it’s a fairly, long process overall, but if you start early, then it’s kind of always there for you.
Jay Conner [00:06:04]:
Well, Dan, you’re doing the same thing I do, and I’m doing the same thing you do, and that is we attract private money by being a teacher. So I’ve just put on my private money teacher hat, and that’s what I do. I lead with this attitude. I lead with the philosophy and the practice of just simply, as you said, you used the word sharing with people. I say teaching people what private money is, how they can earn high rates of returns safely and securely, how their, investment is, a conservative investment, and how it’s secured, backed by real estate. And so you’re doing the same thing. You know, I tell people all the time, number 1, the worst time in the world to be trying to raise private money for real estate is when you need it for a deal because, after all, desperation has got a smell to it. And the easiest time to attract and raise private money is when there’s no particular deal associated with it yet.
Jay Conner [00:07:06]:
And, it just takes the pressure, you know, off of everybody. I mean, these gurus, Dan, that are going around on stage saying, oh, just get the deal under contract. The money will show up. But the money follows the deal. Then I wanna throw up and go run head-first into a good wall. That’s the most scoopy thing I haven’t heard in my life. It’s like, where’s the money gonna show up? Is it just gonna, like, rain out of clouds or whatever, you know? And so, yes, I appreciate and relate to your philosophy of raising private money. It’s a longer-term play.
Jay Conner [00:07:41]:
However, you know, sometimes people will want to invest right away in less than 30 days. But, myself like you, no chasing, no begging, no selling, no persuading. Instead of asking for a mortgage, we’re well, in my case, single-family houses, we’re offering a mortgage. Now what I do, Dan, I wanna share with you what I do, and then I wanna ask you a question.
Jay Conner [00:08:05]:
When it comes to single-family houses, I offer, of course, a promissory note, to, you know, to the lender, the individual, the private member. I also secure their note, their promissory note when they’re investing with the mortgage of the deed of trust when collateralizing the note. So what does the process look like when you have a private lender that’s investing, and, you know, you’re using the money for a note? Is there I mean, how is their money secure, or what what’s the logistics look like?
Dan Deppen [00:08:44]:
Yeah. So it’s similar. And I would say too that I don’t know that no 2 people in the business do it the same way. So I’ll try to not get too far in the weeds, but but the way that I do it. So I’ve got 3 documents that get created. There’s a loan, there’s a note, and then there’s a security agreement. And so between those three, that’s what gives the lender, in this case for the hyphenated loan, their interest in the note. Okay? And then I maintain the servicing on the note.
Dan Deppen [00:09:22]:
So the borrower will make payments, the payments go to the servicer, the servicers go to me, and then I pay out the investors. So that’s one way to do it. The other way that people do it, there there are different ways to set up the paperwork. A lot of peeps people like to use collateral assignments. Some people will assign the note over to the lender. There’s a lot of ways that you can do it. I like the way that I do it because it’s a little bit cleaner from an admin perspective. So for my lenders, their interest is in being completely passive, and so they like having me handle the day-to-day on the note because there are things that come up, especially if it’s a land contract.
Dan Deppen [00:10:15]:
The other way that I set up my agreements and, like, the number one question I get from investors is, what happens if the borrower defaults and stops paying? And the way that I set it up, I’m on the hook to, you know, take the loan through foreclosure if need be or do any loss mitigation or whatnot. Now while that’s happening, payments to the borrower can stop for the agreement. In reality, I just like to set up automatic ACHs because it just makes the whole thing easier. But they like that they have me to operate the note and then deal with things if the borrower defaults and there’s a foreclosure. Other people will set them up where, you know if there’s a default, then the lender gets the note back. You can also set up the paperwork in such a way that the lender ends up being required to hold the servicing. But now, the lender is not passive. Right? Like, they’re more active.
Dan Deppen [00:11:21]:
And so my theory of that has always been, if the lender wants to be that active, then they don’t need me. They can just go out and buy the note and work it themselves. So that’s kind of a long-winded way to say there’s a lot of different ways that you can set that up.
Jay Conner [00:11:39]:
Right. So just to be clear, as with me, in my case, with my private lenders, I’m my company is borrowing the private money. I take that money, and then I go invest in single-family houses. In your case, you’re not your company is not borrowing the money from private lenders to go invest in notes. Your, investors are investing directly in the notes themselves. Right?
Dan Deppen [00:12:08]:
Yeah. What so what I’m doing is separating buying the note and then taking the loan from the investor. So back to one of your, like, earlier points you were making about not having to run around and chase money. So when I find a note that I wanna buy, I go out and buy it with my funds first. So for one thing, I keep a fair amount of cash on hand, and I have some lines of credit. And so if I see a good deal, I can go out and buy it. Then once I bought the note, I went and found the funding. And so to me, it makes life a little bit easier just to break up those transactions and not have any dependencies where maybe I have to cause a delay for the note seller or I can’t follow through on something because something happened where, you know, an investor didn’t follow through when they said they were going to.
Dan Deppen [00:13:09]:
But, anyway, I buy the note first, and then what I offer the investor is a hypothecated loan. So I’m borrowing money from the investor at some fixed interest rate, and then the loan they’re making to me is collateralized by the underlying notes. And then that’s where I use that loan agreement note and security agreement that, ties that collateral to to their loan.
Jay Conner [00:13:39]:
Okay. Well, let’s make sure everybody understands because you’ve said it twice. What do you mean by hypothecation or hypothecating?
Dan Deppen [00:13:47]:
Yeah. So all I mean by that is a loan secured by another loan. So instead of what, you know, I believe you do or what most people do, where the private investor is making a loan that’s secured by property. My investors are making loans to me, but it’s secured by another loan.
Jay Conner [00:14:08]:
There you go. My publication, one loan securing another loan. So how lucrative can this be, this strategy for your investors?
Dan Deppen [00:14:21]:
Yeah. So, most of the time, my investors are getting high single-digit returns.
Dan Deppen [00:14:27]:
And they’re getting that passively, and so it’s secured by a loan. And for the most part, these days, because property values have gone up so much like, a lot of the loans I’ve been buying were originated 8, 10 years ago.
Jay Conner [00:14:40]:
Right.
Dan Deppen [00:14:40]:
So the borrower has a lot of equity in the property. They’re they’re secured that way. They don’t necessarily have an upside beyond that, but they’re getting a passive solid return that’s pretty protected. The other thing I do occasionally, I haven’t been doing as much lately, although I did 2 of them this year, is sometimes I’ll go out and buy nonperforming loans, and then I’ll do joint ventures with investors. So when I do a joint venture with an investor, the investor’s putting up the money. I’m doing the majority of the work. And then when we get to an exit, so, like, a foreclosure sale or we get the loan reperforming and sell it, the investor gets their funds back first, and then and then we have a profit split depending on how that particular joint venture is set up.
Jay Conner [00:15:29]:
Got you. Typically, and I’m sure this may vary depending on the note, but typically, how long will your investors have their money invested in the note? And part 2 of that question is, is there a way they can get their money back in case of an emergency if they need their money back?
Dan Deppen [00:15:50]:
Yeah. So the way I set these up is I just ask the investors to stay in the loan for a year or 2, and then I’ll cash them out. So as far as the term of the loan, they’re often pretty long. Right? So if they trying to get the easiest way to explain this. So the loan they’re making me is collateralized by another loan. But the loan that I went out and bought, that borrower is making payments. Right? So that principal balance is going down. So as the borrower pays me back and as I pay back the investor, I’ve gotta make sure that those 2 track in such a way that the investor is still fully collateralized.
Dan Deppen [00:16:36]:
Right? So, for example, like, let’s say, there were only a couple of years left on the underlying loan. If I were to pay my investor interest only, but my borrower’s paying me down, well, then their collateral’s going away. So what I do is I set the term of the investor loan to match the underlying loan, and so they always track together. So in some cases, the loan agreement we have, you know, may be set up to go 20 years, but that doesn’t mean the investor has to stay in it for 20 years. I just ask them to stay in it for a year or 2, and then if they need the money back, I can refinance them out. You know, the other thing I do a lot is sometimes I have had people that have had emergencies and, you know because I generally keep, you know, a pretty fair amount of cash on hand and have other lines of credit. And most of these loans aren’t super large. So, like, if somebody needs their money back in a pinch, usually, I’ll just give it back to them right away.
Dan Deppen [00:17:35]:
But, generally, I’m asking that they stay in the deal for at least a year or 2. In reality, a lot of people tend to stay in the loans until they get paid off. You know, I’ve got a lot of people in these that have been in the 5, 6 years, and they’re just happy to collect the monthly payment.
Jay Conner [00:17:51]:
Sure. Well, and the fact of the matter is if they get paid off and they get their investment the principal amount of their investment back, what are they gonna do with it? Right? Where where
Dan Deppen [00:18:02]:
They’ve gotta redeploy it. Yeah.
Jay Conner [00:18:04]:
Right. Where are they gonna put it? You know? And I mean, you know, when I have a new private lender and I’m getting ready to pay them off, inevitably they’ll say, well, Jay, can’t you just keep the money? Because they know when they get the money back, they’re not making money on their money. And with my case, no, I do not keep the money unless I’ve got an asset, you know, to collateralize. Mhmm. Well, I’m sure the audience is interested in knowing where and how you find these notes to invest in. You mentioned a few moments ago that sometimes you’ll buy nonperforming notes.
Jay Conner [00:18:44]:
And then I guess you also invest in notes that are current and they are performing. So, how do you find these, quote, unquote, deals of notes that you can buy at a discount?
Dan Deppen [00:18:58]:
Yeah. So it comes from a lot of different places. I’ll try to keep it, you know, this one without you know, I can nerd out for a long time on this. Primarily, I’m buying through my network. So I built a pretty big network of investors and fund managers over the years. So a lot of them will come from other note investors who do what I do, where maybe, you know, they had an investor that wanted to cash out for whatever reason like we were just talking about, and they wanna sell a few notes. Some of my best deals have come from smaller funds when they’ve run their course and are shutting down. You know, a lot of times when people set up note funds, they have an arrangement with their investors where the fund is gonna run a certain number of years, and then they’re gonna liquidate.
Dan Deppen [00:19:47]:
You know, those are some of the best deals. If you don’t have that network built up, there are a few online exchanges, although the one, you know, kinda serious one is paperstack.com. So a lot of investors will list loans for sale there too. There are a couple of reputable brokers out there, that you can buy from, or, presume you’ll also be able to go to a place like, call the underwriter, which is a whole another discussion I can get into later, but they help, originators of seller finance notes. And then a lot of times, those people originating the seller finance notes want to sell them. So there’s a lot of different places you can go. Kinda I would say it’s it’s a little bit analogous to raising capital. It’s easiest to buy notes if you play that long-term game and you build the network up over time.
Dan Deppen [00:20:51]:
So, like, if you’ve built that network and you’re known by those people as a reliable counterpart because one of the big things to know is, like, there’s just a lot of flaky people. There’s a lot of bad buyer and seller behavior that can happen. But if you’re known as a reliable buyer and you communicate your buy box to your network and then people know as long as there’s nothing wrong, you’re gonna close that thing, then a lot of times deals just kinda find me. Right? Like, someone will just contact me and say, hey, I got an investor who wants to cash out. I have these two notes. Are you interested in them? So it’s kinda similar to finding investors where there’s not this gigantic liquid market, you know, amazon.com of notes where there’s just always gonna be something there to buy, you gotta be a little bit opportunistic.
Jay Conner [00:21:43]:
So if someone has never been in this space before and they’re interested, you know, in learning about it, and this may be too much of an in-the-weeds question. So if it is, keep it super simple if you can. But how do you go about calculating what’s a good deal what you should even offer on a note, and what kind of discount should you go for to make the math work?
Dan Deppen [00:22:17]:
Yeah. So what I do is I look at the deal and I assess what what I consider the risk level of the deal. Right? And then I figure out, like, okay. Based on how risky I feel this is, what kind of a return would I need to justify that level of risk? And then from there, I look at all of my cash flows in, cash flows out, and I back in, to what my price is gonna be. Right? And so that kinda tells me, like, what I can pay for this thing. And then there’s always a little bit of strategy around what I offer. And then, you know, it also takes a little bit of time to get a feel of, like, what the market pricing is. Now probably made that sound more complicated than than it is.
Dan Deppen [00:23:08]:
I’ve got some pretty simple spreadsheets that I use where I can zero in on pricing pretty quickly. And if you’ve done a lot of these, you know, it becomes a thing where you can get pretty fast at it. So, generally, the beginning note investor, and I know definitely for me when I started, it would take me, like, a long time to figure out pricing to get through a due diligence process. But the good thing about notes or just loans in general, once you understand them at a deep level, they tend to be fairly rinse and repeat, and so you can dial in on those things pretty quickly usually.
Jay Conner [00:23:48]:
Well, there’s one thing about investing in notes. The rehab or renovation process is pretty simple. Because there is no renovation. There are no rehabs. Right?
Dan Deppen [00:24:01]:
Well, there could be. So so here’s here’s the catch. And now, if you’re buying, like, solidly performing notes, this shouldn’t come into play. Right? But if you’re buying nonperforming or now and then you have one that gets weird, you know, you can end up having to foreclose and ending up with an REO. And, you know, depending on the condition, it could be tricky. So for the most part, I would say 95 plus percent of the time, the advantage of notes versus rentals is you don’t have to do everything with the property, but you’ll get this subset of deals where it’s like the worst nightmare. You know? They had I I had one earlier this year. The borrower had been paying reliably for several I think I got on the note for 4 or 5 years, and then the borrower passed away.
Dan Deppen [00:24:54]:
And then the borrower was kind of a hoarder, you know, and I did get the property sold. I got it sold for a little more than I was owed. So, you know, it ultimately worked out, but it became a little more work and it got a little hairy for a little bit. So even on a performing note, stuff can happen sometimes.
Jay Conner [00:25:12]:
Well, just based on what you said, if someone’s interested in investing in the note business, it’s just a whole lot simpler for them to just invest with you and let you do all the calculating and let you do all the figuring and let you do all the negotiating. And they can just be a, a private lender or a private investor with you and sit back and just get those high single-digit returns.
Dan Deppen [00:25:35]:
Yeah. I mean, for most of my investors, that’s what they’re content to do. I’ve also had a bunch of people who were interested in doing this themselves. And so they said, okay. I wanna kind of fund some of your deals and ride along with you and look over your shoulder for a little bit, you know, and then they went off and did them on their own. Now when people are investing with me, that’s not a training program. Right? Like, that’s not you know, it’s not like a mentorship or anything like that. But it is a way for people to get exposure to some deals and see all the details and see how, at least, I handle some of the decision-making on them.
Jay Conner [00:26:11]:
There you go. Well, speaking of exposure and getting introduced to this world, what’s the best way for people to reach out to you, Dan, and find out how they can become involved?
Dan Deppen [00:26:23]:
Yeah. The best way is to go to my website, fusion notes.com. So you can sign up for my email list there, and I’ve got some other resources. And then you can also check out my YouTube channel, which is, youtube.com/fusionnotes. And so I’ve got a ton of videos that I’ve been posting on there for several years, including some real, you know, deep dives on getting started and some other things on there.
Jay Conner [00:26:49]:
Alright. Wonderful. So that website is www dotfusionnotes.com, spelled f as in farmer, f u s I o n, notes, n o t e s dot com. FusionNotes dot com. And again, Dan’s YouTube channel is, I already forgot it. Say it again there. Oh, yeah. Youtube. comforward/fusion notes.
Jay Conner [00:27:16]:
Very, very interesting, Dan. Not too many people in this space. I’m in a couple of mastermind groups, and I know, just a small handful of note investors in there. So, yes, if you’re listening to this show, be sure and reach out to Dan, and you can learn how to make some high rates of return passively just by investing with Dan. Dan, thank you so much for joining me on Raising Private Money today.
Dan Deppen [00:27:45]:
Thanks for having me on, Jay. I appreciate it.
Jay Conner [00:27:47]:
You got it. Well, there you have it. Another amazing episode of Raising Private Money with Jay Conner. I’m so glad you decided to join us. If you happen to be listening on your favorite podcast platform, be sure and follow me so you don’t miss out on upcoming episodes. If you happen to be watching on YouTube, be sure to click that bell, subscribe, like, and share so you don’t miss out. I’m looking forward to seeing you right here on the next episode of Raising Private Money.
Narrator [00:28:17]:
Are you feeling inspired by the knowledge you gained in this episode? Then head over to www.JayConner.com/MoneyGuide. That’s www.JayConner.com/MoneyGuide. , and download your free guide that shares seven reasons why private money will skyrocket your real estate investing business right now. Again, that’s www.JayConner.com/MoneyGuide. To get your free guide. We’ll see you next time on raising private money with Jay Conner.
