Podcasts about paperstac

Nino Gonzalez and Pei Chen are joined by Brett Burky from Paperstac to dive into the world of note investing. Brett shares his expertise on buying and selling mortgage notes, the benefits of partial notes, and how Paperstac simplifies the process for investors. Whether you're new to the concept or looking for ways to maximize your returns, this episode offers practical insights and strategies. Tune in to learn how you can create cash flow through note investing and discover tools to enhance your financial fitness journey.

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Positioning a portfolio for more cash flow before retirement kicks in. Looking at getting some property free and clear, and converting one or two into notes.

Rick Allen and Brett Burky discuss essential note investing tools, emphasizing the use of spreadsheets like Excel, a centralized storage location, CRM systems for asset management, and automation tools like Zapier, showcasing practical insights for managing mortgage notes effectively.Note Investing Tools Key Takeaways:➤ Excel or Google Sheets are crucial for calculations and data organization.➤ A centralized storage location like Dropbox is essential for asset files.➤ Utilize CRM systems like Podio for efficient asset management.➤ Automation tools such as Zapier or Make can streamline workflows and document generation.➤ Networking tools like LinkedIn and BiggerPockets are valuable for connections.➤ Explore emerging AI tools for enhancing data management and processing.➤ Continuous learning and exploration of new tools are vital for effective note investing operations.__________________________________Chapters: 00:0000:45 Note Investing Tools2:35 The Essential Spreadsheet3:00 Microsoft Excel vs. Google Sheets3:33 Importance of Centralized Storage3:57 Document Custodian for Collateral Files4:45 CRM Systems for Asset Management5:20 Rick's Experience with Podio6:28 Importance of CRM for Asset Management7:02 Tracking Costs with QuickBooks7:25 Early Tracking Systems8:04 Modern Tools and AI8:39 Paperstac and AI Integration9:00 Loan Servicing for Collections________________________________________

Dan and Brett from Paper Stack discussed the state of the note business and their experiences using their platform for transactions. They also delved into market trends, the increasing cases of mortgage defaults, and the use of artificial intelligence in managing and selling land notes. Furthermore, they explored the development of a new system to automate and streamline the transfer and indexing of legal documents, a new tool for comprehensive summaries of important parts and updates of trades, and a new auction-based system to speed up deals. Lastly, they discussed the challenges of their current system and the development process of software, focusing on the roles of developers and designers.   Paperstac website: https://paperstac.com/ Work with Dan Deppen: 5 FREE steps to buying your first note: https://fusionnotes.ac-page.com/newsletter-signup-page-podcast WEBSITE: https://fusionnotes.com PREMIUM CONTENT: Get a roadmap that shows you a step-by-step path for being a note investor, https://fusionnotes.ac-page.com/gameplan NOTE INVESTING ONLINE COURSES: https://www.fusionnotes.com/courses/ SMALL GROUP LIVE COACHING: https://www.fusionnotes.com/livetraining  

Thank you Horizon Trust for sponsoring this podcast! Get started today at MaxOutRetirement.com Notes from PaperStac: https://paperstac.comCost Seg: SingleFamilyCostSeg.comFree Resources: https://www.bewealthybrett.com/resources

In this episode, we talk about buying mortgage notes in your personal name vs an LLC. Discover the pros and cons of investing in notes with your personal name compared to an LLC.Rick Allen and Brett Burky share their insights, experiences, and some unexpected challenges they've faced along the way. Tune in to this episode of the Paperstac podcast for a deep dive into the nuances of buying notes, focusing on whether to do so in your personal name or through an LLC. Join us as we explore the advantages and disadvantages of each approach, offering valuable advice for anyone looking to invest in notes.__________________________________Chapters: 0:00 - Intro0:38 - Brett's Back Injury and Work from Home Days1:03 - The Challenges of Home Renovation and Returns4:55 - Buying Mortgage Notes in Personal Name vs LLC6:01 - Pros of Buying Notes in Your Personal Name7:57 - Cons of Buying Notes in Your Personal Name10:26 - Pros of Buying Mortgage Notes in an LLC14:12 - Cons of Buying Mortgage Notes in an LLC17:25 - Final Thoughts: Personal Name vs. LLC for Note Buying21:35 - Preview of Next Episode: Stages of Note InvestingStay tuned for our next episode, where we will discuss the different stages of note investing, from beginner strategies to advanced tactics. Whether you're new to note investing or looking to level up your game, we've got insights that could save you time and money.________________________________________

I'm thrilled to share with you the highlights of my recent podcast episode where I had an enlightening conversation with Brett, the brain behind Paperstac. We delved into the fascinating world of buying and selling debt, and I'm sure you'll find it as intriguing as I did.Paperstac - A Game Changer: Brett's company, Paperstac, is revolutionizing the debt market. From mortgage debt to business loans, they've got it all covered. With over 15,000 users and a successful YouTube channel, they're making waves in the industry.Innovation at its Best: Paperstac is working on a feature called Paper Price Predictor. This tool will make the process of trading notes faster and more efficient, saving days or even weeks of time for larger trades.Why Sell a Note?: Brett explained the concept of the velocity of capital - the ability to turn money over multiple times in a year. Selling a note can provide immediate access to cash, fund other investments, or pay off debts.Investment Opportunities: Brett shared that note prices on Paperstac range from a few thousand dollars to as high as $43 million. The best part? You don't need to be an accredited investor to buy notes.Trust and Security: Paperstac has created a system to protect buyers' interests, ensuring a safe and secure transaction process.The Future of Paperstac: Brett revealed their plans to develop a white label product and simplify their software. They're also working on interactive video scenarios for their academy to educate users about note buying and selling.Engaging with the Audience: Many of their YouTube episodes are based on audience questions, making their content highly relevant and engaging.Enterprise Product: Paperstac's upcoming enterprise product will help organize and index documents for large transactions, saving time for sellers and buyers.I encourage you to reach out to Brett if you're interested in selling or valuing your debt. And don't forget to tune into the podcast to hear our full conversation.Next Steps Share your thoughts with a review - https://www.thedealscout.com/reviews/ Let's connect on LinkedIn - https://www.linkedin.com/in/joshuabrucewilson/ Subscribe and Watch on YouTube - https://www.youtube.com/channel/UCBQN_Y3nhDGClfMxCSBDjOg

The Real Estate Mastermind Live is a live podcast turned radio show, created for real estate investors who want to learn directly from top experts in all different asset classes. The Real Estate Mastermind Live is hosted by Seth Gershberg and Jay Tenenbaum of Scottsdale Mortgage Investments, and Edward Brown of Pacific Private Money. Today's guest's Rick Allen and Brett Burky of Paperstac discuss maximizing efficiency through streamlining bids and accelerating closures. Rick Allen, a seasoned investor with over 15 years of active involvement in the real estate sector and Co-Founder of Paperstac. In this episode, Rick shares his wealth of experience, specializing in discounted acquisitions and distressed assets. With a remarkable track record of over 400 single-family home purchases totaling $25,000,000.00 in acquisition costs and a market value of $45,000,000.00, Rick discusses his journey, insights, and the innovative approach taken to revolutionize the mortgage note industry.Additionally, we feature Brett Burky, an internet marketing veteran since 2003, currently leading the marketing efforts at Paperstac.com. Learn about Brett's role in contributing to the growth and expansion of Paperstac's platform, utilizing his expertise in SEO and Paid Search Marketing. Gain insights into the strategies employed to bring the opportunities of mortgage notes to a broader audience, as Paperstac continues to actively evolve and shape the landscape of note investing since their platform went live in 2014.In this episode we will dive into some of the following topics:Rick's Background in the Industry.Origins of Paperstac.Future Direction of Paperstac According to Brett.Note Closings: Purpose and Creation.Practical Applications of Note Closings.Trends in Platform Sales.Upcoming Products for Private Lenders.Register to attend The Real Estate Mastermind Live by registering on our website using the link here: https://scottsdalemortgageinvestments.com/podcastLearn more about Scottsdale Mortgage Investments by visiting the website using the link here: https://scottsdalemortgageinvestments.com/Learn more about Pacific Private Money by visiting the website using the link here: https://www.pacificprivatemoney.com/Are you on LinkedIn? Connect with our co-hosts using the links below. Seth Gershberg - Connect on LinkedIn Jay Tenenbaum - Connect on LinkedIn Edward Brown - Connect on LinkedIn

Here, I'm talking about something I don't know if we've ever discussed on the show before: flipping, buying, and selling vacant land notes. There are tons of people out there doing vacant land deals just for the cash flow or for the notes. If you don't know what a note is, you're in the right place. Rick Allen, from a company called Paperstac, dives into everything you need to know right here. In simple terms, a note is basically a piece of paper with a promise on it to pay back a certain amount of money with payments over time. A lot of folks who buy and sell vacant land will sell the land on owner financing. When you do that, you create a note, which you can also sell. Knowing this, you can wholesale a deal and make five to 10 grand on it. There's big demand for buying properties on owner financing and creating notes, and there's also big demand from private note investors who will want to buy them.What's Inside:—All about Rick's company, Paperstac.—Why notes make sense for vacant land deals.—How to make a profit selling notes.

In this episode, we talk about bankruptcy and the must-know items to be successful in note investing.For more videos on mortgage notes & real estate investing SUBSCRIBE to our channel: https://pstac.co/subscribe_on_youtube

In this episode, we dive into the world of seller financing and real estate investing. We discuss a strategy for creating notes and taking advantage of the current market conditions, where cash buyers and fix-and-flippers are holding back due to falling prices and tightened lending.This presents a huge opportunity for investors to take advantage of owner financing, as wholesalers are dropping their prices. We also discuss the importance of boots on the ground and finding seller-financed real estate deals that work best for you and your numbers. Plus, we show you how to use this tactic to generate notes on Paperstac and how to use our new yield feature to make the most of your investments. Don't miss this informative episode and the chance to learn more about this valuable strategy on seller financing!What's Covered?

In this episode, we talk about submitting acceptable bids when bidding on mortgage notes on the Paperstac platform. The first thing you will want to do is come up with what you want your yield is going to be and work backward from there. The best way to do this is with the help of 10bii calculator that you can download from the App store for $6. It is a must-have for all mortgage note investors that are looking to bid on mortgage notes objectively. It will also garner respect from sellers if you explain your bid amount. Doing this lets them know you're a serious buyer that knows how to make bids on mortgage notes the right way. Link to the 10bii on the Apple App store: https://apps.apple.com/us/app/10bii-financial-calculator/id360256797Link to the 10bii on the Android App store: https://play.google.com/store/apps/details?id=com.inadaydevelopment.cashcalculator&hl=en_US&gl=USFor more videos on mortgage notes & real estate investing SUBSCRIBE to our channel: https://www.youtube.com/paperstac?sub_confirmation=1Press the bell icon to get notified of when our new videos are published.Share this video: https://youtu.be/-gEAkUEFPC4______________________________________________________Follow Us On These Platforms:Facebook: https://pstac.co/facebookLinkedin: https://pstac.co/linkedinTwitter: https://pstac.co/twitterTikTok: https://pstac.co/tiktok

In this episode of Purpose-Driven Wealth, your host Mo Bina talks with Rick Allen of PaperStac to get a better understanding of how their technology help investors get the best out of note investing. What is note investing? Is it for everybody? Here, Rick explains the primary benefits of investing in notes, why note investing is an excellent strategy for building wealth, and why note investing may not always be for everybody. In this episode you will learn: How Rick Allen got into note investing What is note investing? The different reasons people invest in notes How PaperStac helps note investors Is what's happening in the single-family home market a mere reaction to the pandemic? and so much more! About Rick Allen:   Allen is currently the Co-Founder and CEO of Paperstac, an online marketplace for trading whole loans. Additionally, he is the co-host of the Paperstac Podcast and is one of the founders of Money With Meaning Fund (MWMfund).   Follow Rick Allen on:   Website:          https://paperstac.com/   Connect with Mo Bina on:   Website:          https://www.high-risecapital.com/ Medium:          https://mobina.medium.com/   For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index      

Start Your Free Account Today: http://pstac.co/ytpodIn this episode, we talk about the different ways to bid on mortgage note purchases. We break down when to use UPB (Unpaid Principle Balance), FMV (Fair Market Value) or a couple other methods used to break down a note purchase. There are many ways to evaluate a note and it doesn't always boil down to bidding on the UPB. Different markets and different strategies call for different approaches. Learn these different approaches in this episode of the Paperstac podcast.For more videos on mortgage note & real estate investing SUBSCRIBE to our channel: https://www.youtube.com/paperstac?sub_confirmation=1Press the bell icon to get notified of when our new videos are published.Share this video: https://youtu.be/Cc4WVgEnz1U_______________________________________________________Follow Us On These Platforms:Facebook: https://pstac.co/facebookLinkedin: https://pstac.co/linkedinTwitter:  https://pstac.co/twitter

Are you a real estate investor looking into mortgage note investing and trading? Then Paperstac is the platform of your dreams! Today's guest is Richard Allen, the CEO and Cofounder of Paperstac, a platform where investors can come together in a safe and controlled environment to buy and sell mortgage notes. He joins Sam Wilson to talk all things note investing, trading, buying and selling, and how Paperstac is the best note marketplace to help investors. As Managing Partner at MWM Fund (Money With Meaning), Rick also shares how they're helping people keep their homes and find alternative ways to pay off debt. Lend an ear to this insightful and educational discussion to learn more!Love the show? Subscribe, rate, review & share! https://www.brickeninvestmentgroup.com/podcast

Are you a real estate investor looking into mortgage note investing and trading? Then Paperstac is the platform of your dreams! Today's guest is Richard Allen, the CEO and Cofounder of Paperstac, a platform where investors can come together in a safe and controlled environment to buy and sell mortgage notes. He joins Sam Wilson to talk all things note investing, trading, buying and selling, and how Paperstac is the best note marketplace to help investors. As Managing Partner at MWM Fund (Money With Meaning), Rick also shares how they're helping people keep their homes and find alternative ways to pay off debt. Lend an ear to this insightful and educational discussion to learn more!Love the show? Subscribe, rate, review & share! https://www.brickeninvestmentgroup.com/podcast

Richard Allen is a Husband and a Father and he has always been an entrepreneur.  He loves to positively impact people's lives and disrupt markets.  Rick's current projects both revolve around the distressed debt market and disrupting how mortgage notes are traded.  His company Paperstac, is the first fully digital online process for buying and selling mortgage notes.  As a co-founder at MWM fund, Rick and his team focus on deploying capital in the distressed debt space with the goal of managing for economic returns and social impact.   [00:01 - 03:37] Opening Segment Get to know Richard Allen A Real Wild Ride: Life and husband as a father of 3 Starting real estate in 2005 and becoming the owner of Paperstac   [03:38 - 11:05] Note versus Stock Investing Comparing and Contrasting Notes and Stocks “At least my money is secure to a certain degree!”  Why you should try note investing Must-Know Exit Strategies For You   [11:06 - 22:57]  Become the Bank with Notes What are you in this for? Rick talks about Paperstac's services The safest thing to do when note investing Note Investing Average Time Investment Due Diligence and Performing LoansYou can literally do nothing! Performing versus Non Performing LoansWhy getting the right servicer and attorney changes the world The Attorney and the Servicer Operation Squeaky Wheel   [22:58 - 31:37] Closing Segment Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is the best investment you've ever made other than your education?A keen to details deal Rick's worst investmentA huge house in Kentucky What is the most important lesson that you've learned in business and investing?“Get yourself educated.” Give extra attention to the details. Connect with my guest. See the links below.   Resources Mentioned: NoteSchool Real Estate without Renters   Tweetable Quotes: “You have to know ‘what's my investment goal?'.” - Richard Allen “If you look at something, the due diligence is the most important thing when you buy a loan.” - Richard Allen “A devil is in the details… Really look at all the details and all the angles in an investment.” - Richard Allen ------------ Connect with Richard Allen through hello@paperstac.com and LinkedIn.  Visit their website https://paperstac.com/ or Youtube.   Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.  LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

I'm a Co-Founder of Paperstac. Paperstac is the first fully digital mortgage note transaction engine.Paperstac came from a need of ours in the Mortgage Note space. We know that it is a great investment class but it sure is antiquated. It could be scary too when you're wiring money to strangers for mortgage notes and hoping that they would send the collateral files.https://paperstac.com/

This week we discuss using mortgage notes as an asset class to build wealth and move towards FIRE. Martin Saenz is an experienced note investor, and he has published multiple books on the topic including Note Investing Made Easier, Note Investing Fundamentals, Cashflow Dojo, and several others. He shares his wisdom on how purchasing other people's mortgage debt can be lucrative even if they are not making payments. There are Many paths to FI! Where to purchase Mortgage Notes:  www.Paperstac.com  Share your wisdom on your path to FI by reaching out to us: Thegolcrownpodcast@gmail.com www.thegoldcrownpodcast.com  

Starting up a business is never an easy road. It comes with the most unexpected twists and turns. Jamie Bateman talks with the Co-Founders of Paperstac, Richard Allen and Brett Berkey, about their respective backgrounds and professional experiences in note investing, the challenges, and how they handled those circumstances. Rick and Brett elaborate on the uniqueness of their platform. Also Paperstac's marketing director, Brett shares how he started his career path by just running online traffic, doing it for other companies, agencies, and start-ups, and bringing his expertise and knowledge to Paperstac. They then discuss mortgage notes, sources of notes, all card closing products, and the importance of synchronized communication on the platform.Love the show? Subscribe, rate, review, and share! http://gooddeedsnoteinvesting.com/

Start Your Free Account Today: http://pstac.co/ytpodIn this Snackable, we detail why you as a note investor would want to sell mortgage notes on the Paperstac platform. Besides thousands of buyers looking for deals, there are a number of different reasons we believe Paperstac is a great place to list your mortgage notes for sale. :bellhop_bell: For more videos on mortgage note & real estate investing SUBSCRIBE to our channel: https://www.youtube.com/paperstac?sub_confirmation=1Share this video: https://youtu.be/n0enJsn0sn0_______________________________________________________Follow Us On These Platforms:Facebook: https://pstac.co/facebookLinkedin: https://pstac.co/linkedinTwitter:  https://pstac.co/twitter:speaker: SPEAKERS:  Rick Allen & Brett Burky:point_right: Check out our podcast:https://pstac.co/podcast_on_youtube:point_right:Check out our Snackable Series:https://pstac.co/snackable_series

The best way to start reviewing note deals is by jumping on WatermarkExchange.com and Paperstac.com to review performing and nonperforming notes. In this episode, Scott Carson gives practical advice on how you can find your first note deal on note sale platforms. Tune in and learn how you can identify a quick deal, perform quick evaluations (depending on your money costs), and why it doesn't hurt to submit bids and ask questions. Plus, you'll also understand why your focus will vary depending on the expectations on returns when using your own money instead of other people's money. You wouldn't want to miss this episode! Love the show? Subscribe, rate, review, and share!Here's How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest

With proper documentation, work process, and guidance, you’ll learn what to do and what not to do within your first three months in note investing. Jamie Bateman and Chris Seveney are joined by their special guest Steven Burke with his notes company Phoenix Notes. This is a follow-up to an episode they did a couple of months ago. Join in the conversation and get a glimpse of Steven’s experiences with different servicers like Paperstac and Madison. Discover how you should oversee the whole process because nothing is foolproof. You’ll also get to learn why Steven prefers to go the nonperforming route. Love the show? Subscribe, rate, review, and share! http://gooddeedsnoteinvesting.com/

Start Your Free Account Today: http://pstac.co/ytpodThis episode is a follow-up to our first interview with FCI and Tim Griffith. We fielded questions from note investors and presented it to Tim Griffith and Lucy Hernandez to get to the bottom of the questions all note investors want to know. Important links from the conversationFCI Transmittal Forms & Loan Servicing Checklist: https://www.myfci.com/TransmittalForms.htmlFCI Collection Schedule: https://pstac.co/fci-collection-scheduleLink to Documentary: https://info.mwmfund.com/documentaryIf you haven't yet started a free account at Paperstac be sure to head over and get that going.

Start Your Free Account Today: http://pstac.co/ytpodThere is a system for every part of Rick and TJ's note business (MWMfund) and in this episode of the Paperstac podcast Rick breaks down his system for REOs. What do you need to have in place if you intend to take a house back as a REO? From having a team of contractors to lawyers to realtors - Rick has a solution for each step in the process. If you're intending to take a note back as a foreclosure (REO) and want to hear from someone that has done it multiple times - you won't want to miss this episode. Link to Documentary: https://info.mwmfund.com/documentaryIf you haven't yet started a free account at Paperstac be sure to head over and get that going.

When starting a business, fund, or any investment opportunity, it is important to not only understand your investment, conduct your due diligence, and choose the right partners and investors, but to also understand how your investment stands out and can help you and others build real wealth. For Rick Allen, Co-Founder of Paperstac and Co-Founder/Fund Manager of MWMfund, the goal has been to grow new ways for investors to purchase and sell mortgage notes. His investment experience in the real estate sector and creative leadership has allowed him to expand the market and bring mortgage notes to a larger audience. Hear about Rick's vast experience in over 400 single family home purchases with purchase prices of $25M and a market value of $45M, about his experiences as a founder, and about how he seeks new ways to grow not only his business, but the world of his investments. More Form CamaplanWebsite: https://www.camaplan.com/More From Rick Allen and PaperstacWebsite: https://paperstac.com/ Call the number below during business hours (8:30 AM - 5 PM EST) to schedule a phone consultation: (215) 283-2868 Toll Free: (866) 559-4430 For a limited time, enrollment is FREE. Follow the link below to start your account application today: https://enroll.camaplan.com/login.aspx?rd=UTUBE

Get Your Free Paperstac Account Today: https://pstac.co/podcastWelcome to 2021 - let's make this a better year. In this episode of the Paperstac Podcast we talk about the future of Paperstac and our newest feature called My Feed. Rick summarizes what every note investor should be doing in the new year. The process of how to keep your pipeline filled and how to make 2021 a more successful year for your note investing business. We also dive deep into setting up goals for your note business. How can you pFollow us on Social Media:Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

Get Your Free Paperstac Account Today: https://pstac.co/podcastThis is a very short episode where we introduce a special change to the website that is coming on Christmas day. Happy holidays to everyone and let us know about what you think of the new feature. Follow us on Social Media:Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

Get Your Free Paperstac Account Today: https://pstac.co/podcastIn this episode of the Paperstac Podcast Rick Allen breaks down a recent trade on the Paperstac platform and how Rick helped a buyer take what seemed like a base hit note investment and turns it into a home run deal. There are always different ways to look at notes and knowing how to use multiple exits to see things that other investors might not see. If you want to learn the methods that Rick uses to evaluate notes, you won't want to miss this episode.Follow us on Social Media:Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

088: The process for buying and selling real estate notes has always been somewhat arduous, because of communication challenges, trust between the buyer and seller, due diligence, and money transfers (among other things). (Show Notes: REtipster.com/88)In recent years, a new website called Paperstac has been making things a lot easier than they used to be. In this episode, we're talking with Brett Burky, one of the co-founders of the company to learn about how Paperstac can offer new opportunities for investors who are either looking to buy or sell notes.

Get Your Free Paperstac Account Today: https://pstac.co/podcastIn this episode of the Paperstac Podcast we breakdown how to successfully broker notes on the Paperstac platform as well as how to do brokering in general. There are a number of things to make sure you're successful in brokering the proper way and not in a bad way. Get ready to learn about brokering and note investing on this episode of the paperstac podcast. Follow Us on Social Media: Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

A brief summary of this episode

Get Your Free Paperstac Account Today: https://pstac.co/podcastIn this episode we bring you the future updates that are coming to the Paperstac platform. We've been working hard on making Paperstac mobile friendly. Once done we plan there will be increase in the number of transactions that are going through the podcast. We touch on our future efforts of bringing Paperstac to a much larger segment of the market. Learn what is new & what is coming on this episode of the Paperstac Podcast.If you're interested in mortgage notes head over to Paperstac and get started purchasing notes today.Follow Us on Social Media: Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

On this episode of Tech Guys Who Invest, we talk to Rick Allen of Paperstac and MWMfund. We discuss the note business, how a fund with a mission to help those in need works, and why a note trading platform is valuable. This is a great view into the mind of a successful investor and entrepreneur who invests in real estate and starts up businesses. Check out the show notes at tgwipodcast.com/rick-allen

With the hammer of the COVID-19 pandemic having already fallen, things have already begun to adjust and opportunities are opening up again, especially within the note industry. The note business thrives on disruption, so now's the perfect time to poise yourself to strike again. Rick Allen is the Co-Founder and CEO of Paperstac. He talks to Kevin Shortle about the opportunities opening up for the note business in the midst of the COVID-19 pandemic. Despite everything that's going on in the world, you've got to keep your eyes on the prize because your opening has arrived. Love the show? Subscribe, rate, review, and share! Join the Kevin Shortle Show community today:

With the hammer of the COVID-19 pandemic having already fallen, things have already begun to adjust and opportunities are opening up again, especially within the note industry. The note business thrives on disruption, so now's the perfect time to poise yourself to strike again. Rick Allen is the Co-Founder and CEO of Paperstac. He talks to Kevin Shortle about the opportunities opening up for the note business in the midst of the COVID-19 pandemic. Despite everything that's going on in the world, you've got to keep your eyes on the prize because your opening has arrived. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Kevin Shortle Show community today: kevinshortle.com Kevin Shortle on Twitter Kevin Shortle on LinkedIn

Get Your Free Paperstac Account Today: https://pstac.co/podcastIn this episode we introduce our sister fund that one of our Co-Founders spearheads called the Money with Meaning Fund (MWMfund.com). We talk about the journey to create it & why it was important to use a Regulation A+ so that we could generally solicit anyone who wants to invest and not just accredited investors. We also dive deeper with TJ Osterman on the grand vision he has for where him and the team plan to take the fund. If you're interested in getting into the note industry with as little as $200 this is a great way to get your feet wet. If you've bought a performing note on Paperstac & would like to take your yield and add up to 10% on top of that, you can do that by taking those returns and investing it into the MWMfund. Helping you to re-capitalize faster and get back out to purchase a new note. If you're interested in mortgage notes head over to Paperstac and get started purchasing notes today.Follow Us on Social Media: Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

Get Your Free Paperstac Account Today: https://pstac.co/podcastIn this episode of the Paperstac podcast, we break down the details of what you should do once you've purchased a note. What are the possible exit strategies that will work for both you and the borrower. Learn what to do if you're taking over a note that is in a foreclosing or what is needed if the note is performing. If you're interested in mortgage notes head over to Paperstac and get started purchasing notes today.Follow Us on Social Media: Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

Get Your Free Paperstac Account Today: https://pstac.co/podcastIf you're interested in learning about note investing, there are a lot of options out there. Great educators abound and we suggest you do your due diligence finding those people. In this episode we do our best to go over some frequently asked questions I hear from a lot of new investors on the Paperstac platform. Questions from how to get started, what to do, how to do due diligence and an insight it how Rick Allen our CEO of Paperstac would have done these things if starting over. We keep this short - get in get educated on the basics and if you need a suggestion on educators out there reach out hello@paperstac.com and ask about education or view our list of educators on this page: https://support.paperstac.com/en/articles/3558253-educational-partners.If instead you'd rather watch this in video format we always host our podcasts on our youtube page. How to Get Started in Note Investinghttps://youtu.be/NrtfuPBBpowFollow Us on Social Media: Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

Get Your Free Paperstac Account Today: https://pstac.co/podcastBack in 2014 the idea of Paperstac was created. Birthed from the struggles of Rick Allen and TJ Osterman's current note business and the realization although a great asset class it lacked technology. So they embarked on creating their own solution, granted lacking the technical chops they outsourced to help build the project. $30K later what they got wasn't going to work. Brett came in in late 2014 to help with the process to hopefully be able to launch what was then called Investment Note Exchange. It wasn't until in May of 2015, when we scrapped it and found our 4th partner Mike McLin to do the development. With a new company formation we needed a new name - Paperstac became that name. Ever since then it has been off to the races. Watch the video on you on how Paperstac started.Follow Us on Social Media: Facebook - https://pstac.co/facebookTwitter - https://pstac.co/twitterLinkedin - https://pstac.co/linkedin

In this episode, I chat with Brett Burky, the Marketing Director of Paperstac, an Orlando based FinTech company that is creating the future of mortgage investing. Brett discusses how he co-founded PaperStac, schools me in the mortgage industry, shares the importance of making an impact, and explains how every problem is an opportunity. How to get in contact with me:LinkedIn: www.linkedin.com/in/vnessafergusonWebsite: Ferguson-Legal.comInstagram: @VeeFerggEmail: VnessaFerguson@yahoo.com

Note investing may come across as something very technical to those who don't know the inner workings of its transactions, and this could be a determining factor when deciding to invest or not in the industry. With the rapid growth of technology, it's no surprise that Paperstac, a technology that's made for the note industry, came to life. Brett Burky, the Cofounder and Marketing Director of Paperstac, joins Dan Deppen on today's show to introduce their product. Brett talks about how their technology can help take away all the hassle you'd have to go through when you decide to get into the mortgage note investing. Don't miss this episode to learn how you can go from researching an investment opportunity and screening the investment, all the way to purchasing from the comfort of home.   Love the show? Subscribe, rate, review, and share! Here's How » Join the The Note Investor Community today: fusionnotes.com

Did you know there is now a note mutual fund that you can invest in? TJ Osterman and Rick Allen from Paperstac have been investing in real estate notes, and together they’ve created a special fund that enables people to invest in the note business in a completely different way. TJ and Rick have changed industries for Paperstac, and they’re going to change it once again through this fund that looks at the other side of the business and helps people stay in their homes. In this episode, find out more about the Money with Meaning Fund and how it’s a perfect fit for any investor out there. Love the show? Subscribe, rate, review, and share! Join the Kevin Shortle Show community today:

Did you know there is now a note mutual fund that you can invest in? TJ Osterman and Rick Allen from Paperstac have been investing in real estate notes, and together they’ve created a special fund that enables people to invest in the note business in a completely different way. TJ and Rick have changed industries for Paperstac, and they’re going to change it once again through this fund that looks at the other side of the business and helps people stay in their homes. In this episode, find out more about the Money with Meaning Fund and how it’s a perfect fit for any investor out there. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Kevin Shortle Show community today: kevinshortle.com Kevin Shortle on Twitter Kevin Shortle on LinkedIn

Technology has advanced with years that there is now a modern way to buy and sell mortgage notes online. TJ Osterman and Rick Allen, the Founders of Paperstac, a FinTech company aiming to solve the problem in the way trading mortgage notes is conducted, share what they do to facilitate deals that makes Paperstac distinct from other FinTech companies. As they dive into their work of genius, learn their insights on fractional ownership and their thoughts about Millennials taking over the business. Also, find out the value of socially responsible investing as they jump into their Money with Meaning Fund.

Technology has advanced with years that there is now a modern way to buy and sell mortgage notes online. TJ Osterman and Rick Allen, the Founders of Paperstac, a FinTech company aiming to solve the problem in the way trading mortgage notes is conducted, share what they do to facilitate deals that makes Paperstac distinct from other FinTech companies. As they dive into their work of genius, learn their insights on fractional ownership and their thoughts about Millennials taking over the business. Also, find out the value of socially responsible investing as they jump into their Money with Meaning Fund.

What do I do next? That is the question that a lot of new note investors ask themselves somewhere along the process of completing their first project. Well, Brett Burky, co-founder of Paperstac, is on our podcast today to show you how Paperstac will not only improve your current working model but they will also save you hundreds of hours of back and forth with agents and lawyers as you close the deal. On today’s podcast Brett will be talking to us about the origins of Paperstac, how he got into the business of mortgage notes and how Paperstac can help accelerate your buying and selling process. Paperstac is a hassle-free marketplace that helps you efficiently buy and sell notes online. They have created an easy to follow step-by-step system that will guide you through each phase of the transaction. Paperstac Demo Updated demo! Register Now for a Free Paperstac Account Transcript: Brecht Palombo: My name is Brecht Palombo and welcome back to another episode in the distressedpro.com professional podcast series. Today I’m really happy to have Brett Burky on. Brett is a co-founder, and he’s in charge of business development at Paperstac, which is a new note trading platform and so I wanted to have him on here to share with us where this platform is going and how you can use it in your business. With that, Brett, thank you so much for agreeing to be here today. Brett Burky: Well thank you for having me, appreciate it. Brecht Palombo: So I’m hoping what we can do today is dive into Paperstac. I forget how I found you, but do you guys have just one of the most gorgeous, modern sites in this whole space. I really think it looks great. I know that you’ve been working really hard to grow it over the last … How long have you been working on it? Brett Burky: Well first off I’m blushing because that’s a great compliment, appreciate that very much. Well, see it’s been in … The origin started in 2014. Really just running into my business partner, current business partner, Rick at the grocery store, but we launched officially in 2017. We tried something where we outsourced it, and that just did not go right. We scrapped the entire thing.That was, you know, tens of thousands of dollars down the drain. We’re doing it where it was outsourced we’re always talking across the world, so I was up, at like, the weirdest hours, and, once we had it launched we’re like this is not what we want this is not what … We rebranded everything. And that’s when Paperstac was born, in really 2015, June 2015. Brecht Palombo: Cool. So tell me a little bit about how you arrived at building this company and this platform. Brett Burky: Sure, so, my business partners Rick and TJ, they’ve been in real estate for over 15 years. They started as wholesalers, and they worked that world for a long time and then, they started to see the market change. This is back in 2012, when things were getting a little tougher to do and somebody came to them with the opportunity of purchasing a mortgage note. And they didn’t really know much about mortgage notes, they heard about. But they got such a great deal they bought it for eight-thousand, and I think they sold it for thirty-thousand, within like two weeks. Brecht Palombo: That’s not that bad, I’ll take that. Brett Burky: That’s a pretty good return. So they did that for a little bit and, they were really just playing the route of real estate investor, where they would take it and get the real estate back and try to either, you know, like flip it or turn it into a rental. They were having success with it because they found this little area where other people hadn’t found. And they went and formally got educated and then really dove deep into it, and that’s what they pivoted into. And so at that point, they realized they had one … A couple major scares where somethings were, just like it’s very wild west for them, in terms of they had wired a large sum of money and they didn’t know if, they didn’t hear from the guy and they were getting pretty worried. And they were doing other things where they, they just didn’t know the process as well. They just thought this is a great investment class I wish there was a better way to do this. And there are other platforms out there, and they were doing it on there and they really liked it but they’re like, we can do something a little bit different and use a little more, focus more on the technology and see what we can create there. Register Now for a Free Paperstac Account Brecht Palombo: That really does sum up a lot of folks first run experience with notes because it is the wild west out there. It’s not like residential investments where … That’s a very defined process. How the homes change hands, and what happens along the way, and who can sell them, and you can’t, and who gets compensated for it, and all that. Not so, in notes, and so I’ve heard more than a few stories of folks ending up in a place where they run in headlong without really vetting their sellers, or they end up in a place where they’ve wired off some money and they’re wondering what happens next. And that can be a scary place to be depending on how big that wire is, right? Brett Burky: Yeah, that wire was in the hundreds of thousands and it was family and friends money. So they were pretty scared because this is family and friends and their … They said it was like two weeks of just sleepless nights. Brecht Palombo: Yeah, totally. Brett Burky: The guy had said, “I’ll put it in Box”, and they thought he meant Dropbox and … No, but there’s a company called Box.com and everything was just really screwed up and the deal ended up working out fine but it was just a process where they were just like, “Oh my gosh that was scary”. And then they did other things where they didn’t know they had to have different types of insurance, like force-placed insurance, and other things where they’re like, “Well I wish I would’ve known that”, some of these other things where like I wish there was a process that just walks you through it. And so, that was where I came in. I just ran into them at the grocery store ironically. And I’ve been a technology… Brecht Palombo: Really? Brett Burky: Yeah. Well, we had been friends in college. And so, I was just at the grocery store and Rick was there, and I saw him … I also knew he was in real estate and we had done some … I was going to do some work for him previously when he was a wholesaler doing like SCO’s, marketing, stuff like that, he’s like, “Why don’t you come in and see what we’ve got? See if you can maybe consult for us or do something”, and I was like oh okay cool. So I went over to their office, then I heard about the opportunity and what they were trying to do, and I said, “Well okay I’m going to go back and kind of research this market”. And I went back and I was like, oh my gosh, this is huge. There’s a whole … There’s a problem here that needs solving. And I was like, this is what I’ve been looking for. I’d really been trying to find something where it wasn’t consulting work, I was getting tired of doing stuff like that because it’s always just like a round robin, you get one client … And especially in marketing, you make them successful and then you work yourself out of a job. Brecht Palombo: Totally. Brett Burky: So I was like, I need to fix this somehow. So when I came back the next day, I said look, I don’t want to consult, I want in. I was like, I want to be your partners and so they said, “okay”, and so then from there, we started doing some stuff. And then it was later that we got a developer that was … He’s just a ninja, he’s just really good. Because we try to have a couple people … We went to go try to pitch different developers at investment startup conferences and stuff like that … startup meetups, not conferences. But, we just couldn’t find the right guy. We interviewed a bunch of people and you just want to make the team mesh. It’s got to be a tight knit. And so it was like … Rick’s like, “This guy named Mike, he designed a website for us back in 2009”, and I was like let me see it. So I looked at it, I was like, this guy’s using … this is 2009? I understand a lot of code, the different type of code that he was using at that time, I was like, this is very forward for 2009. A lot of jQuery, we’re not going to go that route, but it was good. So I was like, wow this guy is really good. So then I reached out to him and basically the story goes, is I guess I … My enthusiasm sold him on the opportunity and we’ve just been knee deep in it ever since. We’re just been at that point. We didn’t realize how big this is. So there’s one thing where you have it where you list the properties. The listings can be done, but the whole process from everything from negotiations to signing all the documents, having an online notary pop up on your screen, closing, sending the collateral files, wiring money, doing it all digitally where you can do it from pretty much your phone? It’s a big thing. And so it’s one of those funny things where friends would always say, “Are you still working on that? Is it not done yet?”, and I’m like yeah it’s not exactly just an ecommerce store. People don’t just go there and click one button and buy a note, it’s a lengthy process, it’s a put it into a system, it’s just a … Some of those ideas of how do you do it to a way where it’s not tedious. The whole goal was for us to not give people more work. This has to be something that it’s not … People are already doing business the way they do business and what we need to do is make it easier or it’s not an option. Why would they do it on Paperstac if they can do it just as well in a different manner? So the goal had to be that it has to be ten times better, ten times faster, and ten times safer, than what’s going on. So that’s what we’ve been shooting for and that’s been our goal the entire time. So far we’ve done pretty good with it. It’s sort of being launched in September, we went to an event out on your side of the country, out at IMN, which is out in … I think the island was Dana Point. It was really, really … Dana Point is gorgeous. So that was what we officially launched and then we started having transactions, I think that was last September. So October things started to go and then had a couple more November, things sort of slowed down for December. We’ve since then just had tons of feedback. So tons of people saying, “Wow, this is great. I love it. I wish it did this”. So it’s one of those things where we really listen. So it’s like, okay it needs to be able to take pools, people need to be able to use their own documents, just all these features and to the point where I actually went to our data base and I called people on the phone, sent them personal emails, come complain to me, what would you like to see? And so we have meetings and we’ll run those things and see which of the most common things that people want. And so, we’re calling version one, which is going to be out next month, is everything that was asked for so far and a bit more. So, that’s where we’re currently at. Register Now for a Free Paperstac Account Brecht Palombo: So tell me a little bit about who your target customer is with this. Is it hedge funds? Are you targeting banks? Are you looking at private investors? Who’s using your platform? Or who do you intend to have use your platform? Brett Burky: That’s a good question. I mean, currently what we’ve had is we decided that we needed to focus on the current note investors. But there’s a lot of people that we’ve seen going to different conferences where people … They might have been in the industry for a little bit of time and they just haven’t pulled the trigger on anything. And we were kind of like, what’s holding you back? What is it, if the note meets your buying criteria, what is it? So we’re trying to get to the regular everyday note investor that is managing these things, maybe they just have a small fund and there’s just ten, fifteen assets, to people that are managing hundreds of them. Our main goal is to focus on the current note investor and provide a solution for them. Brecht Palombo: As opposed to expiring you mean? Brett Burky: Yeah. The second weight would be more like … So real estate investors seeing this as an option but just not knowing how to go through the process. Later when I demo the thing you’ll see it’s basically … We’ve had people, not to say my parents couldn’t buy a note, but it’s just the process makes it so simple that pretty much someone that’s not familiar with it, just go through the steps. If you just check the steps and you do everything right, you’re not going to get hung up on something where you accidentally do something wrong.The problems where people … There’s things that go, “Well what happens then? What happens then?” you don’t have to guess. It’s just like, just go to the next step. So we’re starting with the current note investors and that’s where we wanted to get the best feedback cause we’re basically dogfooding this product because Rick and TJ are active investors with a multi-million dollar fund, and so when we say, “Hey what about this?” they say, “Well it should be done this way. It would make it a lot easier”, okay. So we do it that way instead. And then with other note investors like, “I really wish it did this”, so if we make it good for the people that are currently in the trenches daily, the other people that would come in, which would be the second wave, would be more real estate investors, maybe … We call them stock market refugees, people that are sitting on the side-lines kind of scared of the markets, looking for a safe investment with a good yield, maybe like an RPO. This might be a better avenue for them and if we make it safe and easy for them, then we’re hoping that there’s a likelihood that they’d say, “I can do this. I can do this with this software, it seems easy enough to do”. Brecht Palombo: So it sounds like the big difference for you guys and what you’re focusing on is kind of two-fold, and correct me if I’m wrong but, for one thing, sounds like you’re talking about really having it be pretty comprehensive in terms of how you manage the transaction, right? Did I get that right? Or would you agree? Brett Burky: Yeah. Yeah, we’re trying to cover all the bases. So there’s things like right now when you get people to the end of the transaction, it’s like, “Would you like us to record the mortgage for you? Or do you want a mortgage recording done?” oh yeah, I do. So it’s just another thing they can click and then we do it. So it’s things that people might not have done. Did you know you need … who are you servicing with? I don’t know, who am I supposed to service with? Well, there’s options out there. We’re not going to tell you who to service with cause there’s a lot of great ones and we don’t want to be biased to any of them, but to say you need it with a servicer is probably pretty important. Kind of hard to do it by yourself. So people sometimes think that the newer people might not know … Maybe forced-placed insurance, hazard insurance, stuff like that they probably want to get they just … Those are the things we’re trying to do. And some of the things in the system are going to be automated for people and sometimes, currently, it just kind of … We have an internal chat where we’re kind of watching … Not watching, but at the end of the transaction, you can see, okay this has been sent. This has been done. So then a lot of the times I’ll reach out to the buyer, is there anything else we can help you with to make this easy for you? And if they have questions at that point like, well what’s the next best step? Well here’s some suggestions. We can’t give investment advice because that’s not what we are but we can say, look, most people will service their note. That’s important. And most people will get this,this, this, and this. So we don’t provide those services, we just want to make sure that they have a happy service with Paperstac and realize that, oh wow, they’re actually trying to help me once this is even done. Brecht Palombo: Yeah, so tell me about the seller side because a lot of folks who are using our platform are out there digging up deals, you know that’s really what our software is all about, and all our training is being able to go out there and actually find the deals. What’re your rules or who makes a good seller customer or client for you? Brett Burky: Well anybody who’s managing their portfolio that’s a seller that has notes they want to get rid of we are doing an integration into servicers, so usually we want to be able to get the most up to date information. So just any seller that’s … We also say, or at least Rick and TJ always say there’s a for sale sign always in the front yard. So if people want to sell their assets and they want to put it on something where they can manage it, that’s what it’s for. We see a lot of synergies with you guys here where they can find them through your software Distress Pro and then be able to, maybe if they find one, maybe turn an R into RPL, or if they want to get rid of it as a non performing, they can put it on the Paperstac. So we’re trying to make that process really simple cause right now it can be difficult. There’s a lot of fields that you need to fill in. There’s all the different things, and ONE’s and DPO’s that you want to provide so that a buyer can actually see that. You know, we always try to tell the sellers to provide as much that you’re really willing to provide without providing any sensitive data to just anybody. But a lot of times when they’re in the negotiation stage, we usually say, “Hey, if you have updated BPO’s it’d be nice to maybe share it with your buyer so they can at least see”. Those are the type of sellers … A lot of the sellers we’ve worked with so far have been people that, honestly have been personal relationships, because we’re trying to really grass root it where … We want to eventually scale to where we can take on a lot of people, but we want to make sure in the beginning we have the right people so that the reputation stays pure. And so a lot of these people have been met at different conferences, phone calls, private Facebook groups where we know that these people are active. We know that they’re not somebody that’s going to come on and, not anything against most brokers, but some people can do some bad stuff and waste people’s time and we’re trying to not have that happen because that would really reflect badly on us cause then they can say, “Oh well it’s just filled with a bunch of brokers”, well that’s not what we want. Brecht Palombo: You’re much nicer about that than I am. Business is full of the joker broker, I mean it’s an inexcusable sort of thing where they’re … Maybe they know a guy who knows a guy, who knows a gal, who knows the seller, who had the tape a year or two ago. I’ve had friends who’ve had their own notes in this business shopped back to them where someone who knows a guy … But then comes the, “Hey you want to buy these?”, no I’m selling those notes, you idiot. So it’s definitely … and I think part of that comes with the territory of it being the wild west. I mean, on the one hand, that’s one of the reasons why it can be so profitable is that it is the wild west and so we don’t have all that stuff that we have to deal with when we’re talking about single-family residences, or whatever. But on the other hand it does make for a bunch of chumps out there who don’t have any product and that’s the last thing you want to do is get folks involved with going down the road of due diligence only to discover that they’re not really talking to anyone whose authorized to sell the thing.Yeah, so that’s definitely a huge problem in this industry and I like to see that you guys are taking a stand on that. Brett Burky: Yeah we try to address that the best way we know how cause Rick and TJ have a lot of their assets on the platform. We have other sales on there too, but we’ll get a lot of bids and we’re doing a lot of things in the new system to where you’re going to have a rating score. So it’s going to be a rating score where sellers can say things that say, “Hey this person wasted my time”, or something like that. We’re starting to see people christmas-treeing the site, putting up 50 bids within 30 minutes, which is not feasible. How would you know without doing any … Bring up the due diligence to know that this is the right asset for you. We’re putting those things into place because we want to make it so that Both sides are very important. Building a platform is extremely hard. This is the hardest marketing thing I’ve ever tried to do. I’ve done a lot of other stuff and building a platform, I didn’t know what I was getting into cause you have two different markets. You have the buyers and you have the sellers and you’ve got to make sure you cater to both. But it’s kind of the chicken and egg because if you don’t have one you don’t have the other so. Right now my focus is a lot on sellers because we want to make sure that it works for them cause their time is valuable … You know so is buyers, we value their time as well. But we want to make sure that if a seller’s willing to put their assets on there the bids that their getting are not wasting their time bids, bids that are just not realistic and they’re bids that don’t get held up in what we’ve seen, I’ve got to check my legal department. What legal department? And then we’re like, you’re shopping this around aren’t you? So you got it for this and now you’re checking with your legal department? That’s a first. So different things like that and then the new system we have it where sellers can basically have a private community where they don’t want to accept you if you haven’t met these criteria. You can’t get in. So we’re trying to do some things where it’ll basically be exclusive. It’ll be exclusive in that it’ll answer some questions … We have a list that we’re trying to whittle down, it’ll basically make it so that these people are people that you’d like to do business with. And it’s not saying that you don’t know this guy, that you might see him at every conference, the reason why you’re using Paperstac is that the transaction process is a lot faster. So it’s more of an efficiency tool at that point and not a platform for finding new buyers. It’s more this is an efficient way of doing it, and I can fly through these things a lot faster, selling pools, whatever. So that’s what we’re trying to do. Register Now for a Free Paperstac Account And we also are … There are some really good brokers that … There’s both. We’ve met some people that do the right thing. They’re right next to the principal, something like that, the principal’s just … He’s too busy. And he knows the brokers will hustle for him, and we know that they put in work. So in the new system we have it where they can set up the deal. So it’s like a … They spin it up, they basically make this little community, and they can put their fees in between, and they bring the buyer, they bring the seller, and they make sure they don’t get cut out of the deal, and we build it for them so that … We want to kind of make it for all, cause we go to these conferences, and we’ll meet some, and we want to be inclusive. So we were trying to figure out the best way to include everybody and not exclude everybody but make everyone happy. And I’ll tell you what man, it’s a math problem. But it’s a fun one, and we’re really close to solving it in the way that we see will work. And it’s coming next month. Brecht Palombo: Well that’s cool. So, I’ve got a couple of things that I … And I don’t want to blindside you here, but I see if you go right to your site, you’re very transparent about your pricing. Pay $250 plus a half a percent of the sale price when you close a deal. Is that something you’re taking forward with … In your new version? Brett Burky: We’re changing the pricing because it’s kind of confusing. People are like, $250 plus a half a percent, it makes you think, and some people are like, “I thought it was 5%”, no, no, no, it’s not 5%. So really the $250 is a lot of the hard costs, so there’s a lot of hard costs that we put into it such as, we pay for your third-party auditing … So we have a third-party auditor that will view the collateral and make sure that it is what the seller says it is, we pay for first class shipping labels back and forth, we pay for the notarization process, and then we have the upkeep of staff. So, that really wraps in … That $250 is basically just a wash. It’s basically just to cover the cost to get the transaction done. And so at that point it’s … We’ve gone back and forth but I think it’s 1%. So it’s … Gosh, don’t quote me on that because we just recently changed that in the last meeting. But it has to be something that … And that’s one thing that we’ve been going back and forth on too because we have some assets that are lower priced, and it’s like, well is it 1% if the assets $1000? What do you do with this when you have some guys selling a million dollar asset, okay well is it 1%? So there’s a lot of things that were trying to take into effect. Especially, also too, if a broker puts together a deal, and they’re taking, whatever points or something like that, where they’re making 1%, now they’re adding … So that’s still in the works. We’re trying to make it so that it’s … Really our goal is to make sure that you’re getting the value and the price is justified cause we don’t want people to say, “Well I love it but it’s expensive”, because that’s the last thing that we want. We want people are like, “This is saving me hours of time, it’s worth the price”. So we’re getting rid of the $250 and we’re just going to throw it into one thing so that it’s easier to understand cause it has been something people have just … If you go to the web server right now, actually I shut down my chrome so nothing popped up, but if you hit that little thing in the corner, that’s my face, and I get that question quite often. And so, as well we got to nip that in the bud. Brecht Palombo: Well I’ll tell ya, in this business I’ve made anything from 10% to as low as three-quarters of a point in terms of commissions, depending on the size of the deal usually. So 10% down in a couple hundred thousand dollar type deal and then 3/4’s of a point on like, ten to twenty plus million dollar kind of transactions and so I don’t know how that translates to what you’re doing here, especially … That’s like a full-service sort of a thing. But it makes sense that you’ll sort out your commissions or your fees or whatever as you go forward and you start seeing what kind of deals are going through there. I guess what I was going to ask you here, where I was going to blindside you additionally was, have you got a deal that you can offer our listeners? Brett Burky: Oh yeah. We’ve got a … Yeah, I’ve got ten deals that we just got all the ONE’s and BPO’s back from. We’ve got a mixed bag, so I don’t currently have a … I’m waiting from … So what we’re trying to do is write the story for each deal because we found that it sells better that way. If people can’t see … What’s the exit on this? We had it where … We had over a hundred assets on the site at one time and we found people just wouldn’t … It’s almost too much. It’s almost too much where they’re like, “Well I don’t know which one”, and it was … If they didn’t know what they were looking for because of the way it’s listed, it’s in like a … You see, they’re all listed right there, it’s not in a spreadsheet format so it’s hard to run your calculations on everything, which is also changing in the new one where you’ll be able to see it like a … You can run your calculations on whatever your exit strategy is. A lot easier but, we had to start putting these assets out and just like, ten at a time, mixed bag, some non-performers, some re-performers, different states, different strategies, and then write the stories, and then put them out by email so that people can say, “That’s the one I want”. But yes we do. All that long-winded to say I have ten and after we finish here I can get the story and I can send it over, and they’re all great. A lot of them are … They’re all Midwest, Ohio, Illinois, Indiana, Michigan, those areas. But they’re some of the best ones that we think that would sell the fastest. Brecht Palombo: Well here’s what I’d love to do it, it’s one thing for you and I to get on here and sort of talk about this whole other thing, if people can’t see it. What I’d invite people to do now, and what I’d love to do with you is we’ll jump off here and get on recording a quick demo that people can find for this episode. It’s going to be at distressedpro.com/paperstac so just drop the ‘K’ and otherwise just like you would expect it. So distressedpro.com/paperstac and over there what we’re going to have is a demo, a little walk through where we’re going to show you the site and some of the features behind it, and maybe, of course depending on when you see this, any of the deals that are on there may or may not still be available, probably not, but there’ll be other deals there for ya. So I’d encourage you to do that go to distresspro.com/paperstac. P-A-P-E-R-S-T-A-C, and there you’re going to be able to see a full demo, and you’ll be able to get a transcript to the show, and Brett, does that sound good to you? Brett Burky: That sounds awesome. That’s great. Brecht Palombo: Well cool, I appreciate you coming on here. Folks if you’re driving you just want to remember one thing, you can go to paperstac.com and check this out. Again, P-A-P-E-R-S-T-A-C.com. Today I’ve been speaking with Brett Burky and if you come on over to distresspro.com/paperstac we’re going to show you a demo so you can see exactly how this thing works. So thanks so much for listening to another episode of distresspro.com professional podcast series. Thanks Brett. Brett Burky: Thank you. Register Now for a Free Paperstac Account https://www.distressedpro.com/paperstac/feed/ 1 noBrecht Palomboreal,estate,reo,foreclosures,distressed,note,buying,non,perform

PaperStac is a platform where investors can come together in a safe and controlled environment to buy and sell mortgage notes. Brett Burky, Co-Founder of PaperStac, dives deep into the process of how the platform works. He gives us a glimpse when he was first asked to be a consultant and how seeing a huge […]

PaperStac is a platform where investors can come together in a safe and controlled environment to buy and sell mortgage notes. Brett Burky, Co-Founder of PaperStac, dives deep into the process of how the platform works. He gives us a glimpse when he was first asked to be a consultant and how seeing a huge opportunity made him decide to be part of it. Brett also shares why this platform is user-friendly, especially to first time buyers or sellers. Learn more about PaperStac and how you can leverage it as Brett walks us through its features. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Good Deeds Note Investing movement today: GoodDeedsNoteInvesting.com Chris Seveney Facebook Chris Seveney Twitter Chris Seveney Instagram Gail Greenberg Facebook 7EInvestments.com 7E Investments Facebook 7E Investments YouTube 7E Investments Google+ WinWinNotes.com Win Win Notes Facebook Win Win Notes Twitter

In this week’s episode, I interview Brett Burky from Paperstac about exactly How To Buy a performing or non-performing note for investment.  Paperstac.com is an online platform that helps note buyers and seller connect and complete note investing transactions online. During this episode, Brett discusses how the Paperstac system works as well as the many benefits to both buyers and sellers of notes.  “Back in the Day” note investing wasn’t a very efficient process.  The industry was essentially closed to the “little guy” and was a playground for the corporate banking elite.  With services like Paperstac, the average person can go online, research an investment opportunity, have the ability to fully screen the investment and make a purchase all from the comfort of home. The service adds much-needed transparency to the note buying and selling business, while making it easy to complete a transaction.  Being able to verify data is a critical requirement for any investor in order to help them make logical decisions with their investment capital.  You can also use services like our sponsor Rentometer to verify rents of properties found on Paperstac which will help you accurately underwrite each opportunity and establish exit strategies that make sense. When we consider buying a note secured by real estate, we look at the asset’s feasibility as a rental in the event we wound up with the property and decided to keep it as a rental.  Rentometer allows us to see the current rent amounts in the area where the property is located.  By using the Google Street View integration included with the Rentometer service I can quickly see what the neighborhood rentals look like and get a good feel for the area I am buying into.  Be sure to visit Rentometer.com/Pro and sign up for a free trial today!

On this weeks episode we speak with Rick Allen and TJ Osterman the owners of PaperStac. Paperstac is a hassle-free marketplace that helps you efficiently buy and sell notes online. They have created an easy to follow step-by-step system that will guide you through each phase of the transaction. Learn What PaperStac is about, how it is growing, the value it is bringing to the industry and how it is helping Investors.   Fuel Your Success, Troy Fullwood TheThrivingInvestor.com

Rick Allen and TJ Osterman talk about how they connect a meaning with their note fund to try and help keep borrowers in their homes. Rick and TJ met when they both worked for a nationwide wholesale firm. Sharing a common goal, they hit it off and have been partners ever since, starting their own wholesale company in 2008. In 2012, they got into notes, when they stepped into a big pile of notes by accident. Rick and TJ are focused on helping create sustainable homeownership for the underserved market, primarily the lower middle income borrowers, so that they can start to concentrate on being an active member of society again. They discuss a couple of different strategies they're doing in their business that focuses around connecting money with meaning for both parties to benefit. Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

When starting your own company, you can put in low capital and still be profitable the whole time. Rick Allen and TJ Osterman from Paperstac share how educating yourself and knowing everything you can about the business will steer you away from trouble and get you on the right path. Their business has evolved from fix and flips to notes to owning property and now investing. By being a lending institution, they now make money out of putting out money and getting income that way. Their secret to success is all about navigating through the evolution of the note business and the real estate world and building and valuing relationships which lead to many years of business. Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

On today's show we have Rick Allen and TJ Osterman. They are both real estate investors but have formed their own business together where they specialize in mortgage note investing. Their company is called Paperstac and they are going to help all of us real estate wholesalers and investors learn about a number of different areas that might interest us by learning about mortgage notes.

For over 10 years Rick Allen has been an active investor. As the Co-Founder and fund manager of Cloud Capital Management and the Co- Founder of Paperstac, he has conducted transactions with large A-list institutions. Rick has expert experience in investment strategies of the real estate sector, with a primary focus on discounted Acquisitions and distressed assets. He has participated in the purchase of over 400 single family homes with a purchase price of $25,000,000.00 and a market value of $45,000,000.00. Since 2014 he’s been actively working on a new way for note investors to purchase and sell mortgage notes. Now that their platform is live, they’ve been actively growing and expanding the market to bring the opportunity of mortgage notes to a larger audience. What you’ll learn about in this episode: How Cloud Capital was started and why they got into notes Buying non-performing notes vs. creating notes from scratch Getting your notes as close to institutionalized paper as possible Hiring an RLMO from the beginning to set your notes up right (and why there’s no going back and fixing them if they’re set up wrong) How Rick and TJ make the most money on notes by buying beat up notes, cleaning them up, and selling them for a profit Some of the most common issues that need to be cleared up with notes Assignment verification: a process Rick and TJ use to follow who has been assigned the note and when (and why not all notes need to follow this process) Why the laws around notes are different in different states and why you should pick a small set of states to work in Why wholesaling is a great place to start out in real estate and the course Rick and TJ are offering for you to learn what you need to know What a perfect note looks like Resources: REInvestorSummit.com/PaperStac REInvestorSummit.com/noteservicing REInvestorSummit.com/reviews REInvestorSummit.com/aof REInvestorSummit.com/101

On today’s show we have Rick Allen and TJ Osterman. They are both real estate investors but have formed their own business together where they specialize in mortgage note investing. Their company is called Paperstac and they are going to help all of us real estate wholesalers and investors learn about a number of different areas that might interest us by learning about mortgage notes.

For over 10 years Rick Allen has been an active investor. As the Co-Founder and fund manager of Cloud Capital Management and the Co- Founder of Paperstac, he has conducted transactions with large A-list institutions. Rick has expert experience in investment strategies of the real estate sector, with a primary focus on discounted Acquisitions and distressed assets. He has participated in the purchase of over 400 single family homes with a purchase price of $25,000,000.00 and a market value of $45,000,000.00. Since 2014 he’s been actively working on a new way for note investors to purchase and sell mortgage notes. Now that their platform is live, they’ve been actively growing and expanding the market to bring the opportunity of mortgage notes to a larger audience. What you’ll learn about in this episode: How note buying positively impacts the community The negative impact a vacant home has on a community Rick and TJ’s strategy of investing in small-balance mortgage notes How they create sustainable home ownership for underserved markets, primarily low to middle income borrowers The partnership they have with a technology company to speed up the time it takes to fill out the loss mitigation packet How Rick and TJ structure their deals with borrowers to make it a win-win scenario for both parties The impact on a community allowing someone to live in a house has just in property taxes The negative impact Dodd Frank has had Resources: REInvestorSummit.com/PaperStac REInvestorSummit.com/NoteStac REInvestorSummit.com/FreeBluePrint REInvestorSummit.com/Machine REInvestorSummit.com/Sly

On this episode of the InvestFourMore Real Estate Podcast, I interview Rick Allen and TJ Osterman who created Paperstac. Paperstac is a company that helps investors find, buy, and sell performing and non-performing notes on real estate. Rick and TJ both have extensive experience investing in real estate themselves. They have bought and sold over 400 homes before they got into the note business. I talk to both Rick and TJ to learn how they got into real estate, what they love about the real estate note business, and how others can get into it as well.  

"This is episode #378, and my guests today are Rick Allen and TJ Osterman from Paperstac. Rick and TJ are not investors, but before they started in notes, they were wholesalers focused on wholesaling properties. As the market started to rebound and become more competitive, they fell into the note space, and have never looked back. Today we talk about why they invest in notes, instead of properties directly, and what the pros and cons are between traditional property investing and note investing. As you'll see, they're not as different as you might think. Let’s get started demystifying the world of note investing. Please help me welcome Rick and TJ to the show. Try out our FlipNerd Elite Membership for $1 for 7-days! Learn more about our premium training HERE!"

"This is episode #378, and my guests today are Rick Allen and TJ Osterman from Paperstac. Rick and TJ are not investors, but before they started in notes, they were wholesalers focused on wholesaling properties. As the market started to rebound and become more competitive, they fell into the note space, and have never looked back. Today we talk about why they invest in notes, instead of properties directly, and what the pros and cons are between traditional property investing and note investing. As you'll see, they're not as different as you might think. Let’s get started demystifying the world of note investing. Please help me welcome Rick and TJ to the show. Try out our FlipNerd Elite Membership for $1 for 7-days! Learn more about our premium training HERE!"

  My guests in this episode are Rick Allen and TJ Osterman from Paperstac. For over 10 years Rick Allen has been an active investor. As the Co-Founder and fund manager of Cloud Capital Management and the Co-Founder of Paperstac, he has conducted transactions with large A-list institutions. Rick has expert experience in investment strategies of the real estate sector, with a primary focus on discounted Acquisitions and distressed assets. He has participated in the purchase of over 400 single family homes with a purchase price of $25,000,000.00 and a market value of $45,000,000.00. Since 2014 he’s been actively working on a new way for note investors to purchase and sell mortgage notes. Now that their platform is live, they’ve been actively growing and expanding the market to bring the opportunity of mortgage notes to a larger audience. TJ  has been working in the Real estate investment space for the last 15 years. During that 15 year stretch, he did everything from source private money, flip houses, wholesale houses, landlord and swing hammers. He eventually combined all those disciplines and started his own real estate investment firm with a partner. Five years ago pivoted into the note business and quickly realized that there were many low to middle-income borrowers in need of desperate help. He’s also a founding member of paperstac.com - the platform that together with his team intend to change the way trading mortgage notes is conducted. Interview Links: Paperstac Cloud Capital Management If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us! Please Support Us by Becoming A Patron on Patreon Support Our Sponsors Cashflow Tactics, will show you how to collapse time in your financial plan and become financially in 10 years or less. You can register for a free webinar to show you exactly how to do that at: https://cashflowtactics.com/ninja The Real Asset Investor, create value for investors looking for higher yield returns from real estate ventures domestically and also internationally and other real asset classes such as ATM's. www.therealassetinvestor.com Joint Ops Properties, have designed a system to take any beginner to an experienced deal making investor in the least amount of time, offering opportunities from basic education, coaching, bridge investing to turn-key investments in the cash flowing market of St. Louis, MO. www.jointopsproperties.com Valhalla Wealth Financial, reclaim the banking function within your own life with the premier strategies of the Wealthy. www.valhallawealth.com Audible, download any audio book for FREE when you try Audible for 30 days www.cashflowninjabook.com Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @cashflowninjapodcast. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher

Entrepreneurs looking for lucrative and impactful investments have an opportunity to solve the mortgage crisis and make massive gains. Serial entrepreneurs Rick Allen and TJ Osterman are seizing that opportunity. They believe in this real estate investment strategy so much that they’ve built an online tool to help other investors get in the game. In this episode of the Capital Gains podcast, Rick and TJ show how it’s achievable by detailing their own success and explaining the process for other investors who want to enter this lucrative market. Why Invest In Non-Performing Mortgages? For the past five years, they have been purchasing non-performing mortgage loans and returning double-digit profits. Not only that, they have given low-income families the opportunity to keep their homes removing the stress and low confidence that comes with being on the brink of a foreclosure. Purchasing these seemingly unattractive loans is an opportunity that more and more investors are exploring, and there are educators, resources, and technologies which open the world up to anyone interested in moving into this attractive space. But, how easy is it to get into? Rick and TJ talk to us about the strategy, how to make that strategy successful for you, and making social responsibility a component of your business. Earning A Substantial Yield from Untapped Inventory Five years ago, Rick and TJ were offered the opportunity to purchase their first small balance mortgage loan when a bank agent called them and asked if they wanted a frame duplex. The property had $100,000 of debt attached to it, but they took a chance and bought it for $8,400. The first five properties they invested in within this market went so smoothly, they couldn’t believe how easy it was. They were contacting borrowers and offering to take their vacant properties off their hands, arranging foreclosure agreements, and paying them for their time. In one case Rick and TJ acquired a vacant property from a lady who was happy to hand over the keys in lieu of foreclosure. They gave her $100 for her time and sold the property for $28,000. From contacting the borrower to selling the house, the whole process took 15 days. The discounts on a mortgage note can range anywhere between 20-50% and can cost from $25,000 to $150,000. Why are the discounts so big? Because no institution has the ability to handle them. The discounted purchase of the mortgage means that Rick and TJ are able to offer a lowered rate for the borrower. In this episode of the podcast, they say that they have sometimes initially been out of pocket as they work to build the trust with the borrower. But because of the cut-price they paid out, in the beginning, they are able to create an affordable home for the borrower and still make a double-digit profit from their investment. Creating Affordable Home Payment Plans For Struggling Americans   Rick and TJ soon learned that the reward from investing in mortgage notes was more than just financial. The unexpected but emotional impact of helping buyers to keep their homes was huge. Rick and TJ are passionate about their business because it has the ability to improve the lives of thousands of homeowners. That’s why they launched paperstac.com. Rick and TJ created paperstac.com to help people find buyable mortgage notes. With around $400bn of unpaid principal balance non-performing loans still waiting unclaimed, it’s a market with massive financial and emotional gains to be had. Borrowers have had the fear of losing their home hanging over them, and investment serves as an opportunity to remove that fear with an affordable housing plan. The pair has the goal of saving 10,000 low-income family homes in the future. Learn more in this episode of the Capital Gains podcast. Connect with Rick and TJ Visit CloudCapitalManagement.com for more information on their fund if you are interested in learning more as a passive investor. Check out Paperstac.com where you can buy and sell mortgage notes and learn more about what’s available. More to come soon on the Money With Meaning website: mwmfund.com Richard Allen on LinkedIn Richard Allen on Facebook Richard Allen on Twitter TJ Osterman LinkedIn TJ Osterman on Twitter Papterstac on Twitter   Connect with Jonathan Twombly at www.twobridgesmgmt.com Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn