Wraps, Lease Options & Slow Flips: A Creative Finance Deep Dive with Philip Louden

Dan sits down with Philip Louden — former backpacker, digital nomad, and reluctant wholesaler — who found his calling in seller finance after realizing he was just "dropshipping houses." After a 30-year Kansas City mentor showed him the power of creative finance, Philip went on to originate over 70 deals and build the Wrap Academy community around a simple philosophy: prosperous, peaceful, passive portfolios. In this episode, they cover: Why Philip walked away from a wholesaling operation doing 6 deals a month — and what it taught him about building businesses you actually want to live in How he structures 10-year lease options, wraps, and slow flips — and when each one makes sense The slow flip model: buying $20–30K properties in small markets and seller financing them to buyers who can't even rent for that price Finding buyers through unconventional channels (including a $75K down payment from Craigslist) Dan's note buying box — from 10-11% IRA-quality performers to 30-40% non-performing workouts — and how hypothecation creates spread Why the seller finance note market has a supply-demand equation you won't find anywhere else in real estate Connect with Philip: Wrap Academy: https://wrapacademy.net/ Instagram: https://www.instagram.com/phil_louden/?hl=en LinkedIn: https://www.linkedin.com/in/philip-louden   Call The Underwriter Call The Underwriting prescreening guide: https://calltheunderwriter.com/prescreen/ Call The Underwriter Register for the weekly Call The Underwriter onboarding call, every Thursday at 12 ET