• 167: The Path to Passivity Through Mortgage Note Investing with Chris Seveney

  • Aug 26 2024
  • Length: 58 mins
  • Podcast

167: The Path to Passivity Through Mortgage Note Investing with Chris Seveney

  • Summary

  • Not all real estate investing involves buying properties. Considering the alternatives can save you the headaches of hands-on asset management. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Chris Seveney, CEO and co-founder of 7E Investments. Chris has a multimillion-dollar asset portfolio, and his background includes the management of construction and rehab of properties worth over $150 million. He also managed an impressive $750 million in new construction, and since 2016, Chris has been in the mortgage note game. Jonathan and Chris discuss their involvement with the BiggerPockets community and its benefits. They cover what took Chris away from buying properties and toward mortgage notes, which leads to a conversation about why new flippers must be careful, sharing some of Chris’s experiences on construction sites. Chris explains the differential between mortgage notes and tax liens and why he finds notes attractive. You’ll hear how to avoid FOMO, why taking action doesn’t always mean buying right away, and what Chris’s first foray into real estate taught him. Finally, Jonathan and Chris dive into purchasing notes, what makes it different from real estate, and the initial blunders Chris made when he began investing. He also shares some thoughtful advice for new investors and why he recommends they understand their investor profiles. Real estate investing takes many forms, and Chris Seveney discovered mortgage notes were a perfect fit for his style. If hands-on real estate investing isn’t your style, you won’t want to miss this episode. In this episode, you will hear: The benefits of being a part of the BiggerPockets communityWhat took Chris Seveney away from buying properties and toward mortgage notesWhy new flippers have to be carefulThe differential between mortgage notes and tax liens and what makes notes attractiveAvoiding FOMO and what taking action looks like in practiceChris’s first foray into real estate investing and what it taught himThe process of purchasing notes and why it’s different than real estateHis blunders when he first started investing in notes and avoiding shiny object syndromeChris’s advice for new investors and the importance of understanding your investor profile Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/167/ to download it. Supporting Resources: 7E Investments website - 7einvestments.com 7E Investments on YouTube - www.youtube.com/channel/UCQt_koCOTq6QaH2utGysSUQ Find 7E Investments on Facebook - www.facebook.com/7Einvestments 7E Investments on Instagram - www.instagram.com/7einvestments Connect with Chris Seveney on LinkedIn - www.linkedin.com/in/christopherseveney Find 7E Investments on TikTok - www.tiktok.com/@7einvestments How 7E Investments works - go.7einvestments.com/explainer-video Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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