In real estate investing, there are alternatives to the traditional route of buying and managing properties. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Chris Seveney, the CEO and co-founder of 7E Investments. Chris has an extensive background in the industry, including overseeing the construction and rehabilitation of properties worth over $150 million and managing $750 million in new construction. Since 2016, Chris has shifted his focus to the mortgage note market, which he believes can provide a more passive and hands-off approach to real estate investing compared to the challenges of traditional property management.
Jonathan and Chris delve into their experiences with the BiggerPockets community and how it influenced Chris’s shift from purchasing properties to focusing on mortgage notes. They discuss the risks new flippers face, drawing from Chris’s own construction site experiences, and examine the differences between mortgage notes and tax liens, explaining why Chris is drawn to notes. The conversation underscores avoiding FOMO and understanding that taking action doesn’t always mean immediate buying. Chris also shares lessons from his early investments, advising new investors on knowing their investor profile.
You’ll learn more about:
- Note investing can be perfect for those who don’t want to deal with hands-on property management.
- There are risks to note investing, including complex legal and regulatory requirements and dealing with uncooperative borrowers.
- Start small and slow to learn the process.
- Know your investor profile.
It may be a lesser-known form of real estate investing, but Chris Seveney makes a compelling case for why note investing should be on your radar.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/167/.