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#32 with Dave Van Horn: Note Investing is Not a Musical Symbol and Your Network is Your Bank
Millennial Millionaire Real Estate Podcast
English - June 30, 2020 20:38 - 1 hour - 192 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Dave Van Horn on his journey from a painting contractor to the founder of a multi-million dollar note investment fund. Dave is an advocate of using what you’re good at to expand your opportunities and grow your network. In this episode, we dive into topics such as: setting yourself up for success, scaling your operation, note investing, and more!
Top Takeaways:
How to set yourself up for success early in life - 12:20 - 23:10
Find out what you’re good at
Takes time to figure out, but it’s worth it
Networking - you never know what you’ll learn
Can help you fill gaps in your capabilities
What can you learn that will change your operation in the next 6 to 12 months?
How to scale your operation - 23:20 - 29:30
Find ways to diversify income - multiple streams
Sponsor a meeting - the larger it grows the more opportunities will come your way
Be ready to adapt as the market evolves
Note investing - what is it and how to make money with it - 29:50 - 44:00
Notes are debt - a promise to pay
The benefit of investing in distressed mortgages: available at a discount, high yield, with collateral
Invest in what you know - give yourself an advantage with your knowledge in the space
All you need to start out is be the bank for your friends or family
How to bring value to Dave Vanhorn:
Be aware of their time
Find something that can free up time for them
Maintain a fair exchange
Resources:
Book by Dave VanHorn: Real Estate Note Investing: Using Mortgage Notes to Passively and Massively Increase Your Income
Social Links:
www.biggerpockets.com/users/davevanhorn
Connect with the host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29