May 3, 2021
Today’s guest is Kevin Galang,
the co-founder of Community Copilot, a software sales engineer,
note investor, and host of two podcasts, Tech Guys Who Invest and
Note Nuggets!. He is passionate about three things, living
abundantly, personal development, and convincing people that the
American dream is more of a nightmare.
While working at tech sales, he focuses on
investing in the mortgage note while helping other business
professionals turn other people’s debt to income for their savings
or IRA through public speaking at webinars and local real estate
meetups. He believes that you can not save your way to financial
security; investing is a must!
Let’s listen to Kevin to learn
more about Note Investing.
[00:01 – 05:55] Opening Segment
- Let’s get to know Kevin Galang.
- Kevin shares brief information about his
background
-
- Currently, work in tech sales as his 9-5
job.
- He shares his parent’s view of
success.
- He talks about his girlfriend’s influence on
real estate investment.
- Why he chooses note investing.
-
- Kevin talks about how and when he started the
note investing business.
[05:56 – 12:25] Note Investing Business
- What’s interesting about notes compare to other
assets.
- Promissory notes.
- Buying debts
- Kevin talks about his focus on mortgage
notes.
-
- Not being responsible for any
maintenance.
- Multiple ways to find notes
-
- Institutional notes
- Investors
- Mom-and-Pop Notes
- The advantage of working with private citizens
vs. institutions or investors.
- The possibility of negotiating for
notes.
- Mortgage interest rates
-
- Partner-up and partial note.
[12:26 – 19:00] The Grand Slam Note
- Notes can only be bought in cash.
- What to look for in buying Notes.
-
- How much equity is in the property?
- What’s the history of the borrower?
- What the process would be to foreclose
(judicial vs. non-judicial)
- Kevin talks about his criteria for buying
notes
-
- The loan balance compared to the value of the
property
- Investment to value (ITV)
- The ideal situation in note
investing.
-
- 50% ITV with strong payment
history.
- Reasons why people would default on their
notes.
- Performing notes and non-performing
notes.
- Kevin talks about the certain market that he is
looking at currently.
[19:01 – 31:00] Foreclosing
- Kevin talks about the process after the
foreclosure happens.
-
- Depending on who you work with and the inside
of the property
- Either sell it as it is or fixes and renting it
out.
- Create a new note
- Certain asset classes that Kevin is currently
looking at.
- Secure debt and unsecured debt
- Kevin shares how to find notes
-
- LinkedIn, webinar, networking, and directly to
banks.
- Public records, paperstac.com, notesdirect.com,
etc.
- Direct mailers to find notes.
- Avoid ‘Daisy Chains’ notes.
- The approach strategy and foresight in notes
investing.
-
[31:01 – 33:37] Closing segment
- If your great-great grandkids are to write a
book about you, how would you like it to be
titled?
-
- Inspire others not to minimize
themselves.
- Connect with Kevin.
-
- Final words from me.
Tweetable Quotes:
“With note investing, there are so many ways you
can make money and so many ways that you can protect
yourself.” – Kevin
Galang.
“One thing we learned in 2021, that nothing is
guaranteed, a whole industry can be flipped in a moment with
everyone in it..” –
Kevin Galang.
“You have to be really aware and avoid daisy
chains note, by checking who is selling the
note.” – Kevin
Galang,
You can connect with Kevin
on LinkedIn. Or you check out his podcast notenuggets.com/podcast or www.tgwipodcast.com and email at kevin@notenuggets.com.
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