How To Make Money From Other People's Mortgages | Chris Seveney

EPISODE 361: Did you know you can make money from other people’s mortgages?It's true! By buying existing mortgages from lenders, including the debt and the note that secures it, you can collect monthly payments from the borrower and even have the right to foreclose on the home if they don't pay on time. This is called mortgage note investing and is an amazing alternative way to invest in real estate. Today’s guest, Chris Seveney, has built a portfolio of over 500 note-investing deals worth more than $75 million! He is the founder and CEO of 7e Investments, a mortgage note investing firm that specializes in providing custom active and passive investment options for investors.Today, Chris and I talk about his journey into real estate, the ins and outs of mortgage note investing, and how the current economy is impacting his business model. Tune in and learn how to make money from other people’s loans!Key Takeaways: Intro (00:00)How Chris made his first dollar (02:05)Chris’s journey into real estate (02:39)What is mortgage note investing? (04:53)Recent changes in the economy (13:17)The future of 7e Investing (20:08)Top 5 investing tips (22:25)Outro (27:27)—➡️ Check out Chris Seveney• Website: https://7einvestments.com/ • LinkedIn: https://www.linkedin.com/in/christopherseveney/ ➡️ Visit https://reedgoossens.com/ and:• Invest passively in multifamily real estate • Get FREE access to my 100% Passive Real Estate Investment Masterclass• Take a look at my portfolio• Get FREE multifamily real estate resources ➡️ Follow me on social media:• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ • Instagram: https://www.instagram.com/reedgoossens/ • Facebook: https://www.facebook.com/reed.goossens/ ➡️ Subscribe to my podcast: • YouTube: @ReedGoossensREI • Apple: https://apple.co/44MiDN7 • Spotify: https://spoti.fi/45fVIcR • Stitcher: https://bit.ly/3OHHJqJ • Soundcloud: https://soundcloud.com/investing-in-the-us —Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!Follow so you never miss an episode!