Making Mailbox Money with Notes with Kevin Galang
Welcome back to the Passive Wealth Strategies show. Today, we welcome Kevin Galang to talk about Kevin's specific case of how he invested in notes, how he got involved in notes and how he finances and funds his note investing strategy.
Kevin Galang is passionate about 3 things: living abundantly, personal development, and convincing people that the “American Dream” is really more of a nightmare. While currently working in tech sales, Kevin focuses on investing in mortgage notes while helping other busy professionals turn other people’s debt into income for their savings or IRAs through public speaking at webinars and local real estate Meetups.
Kevin believes that you cannot “save” your way to financial security. Investing is a must. As a believer in “abundance,” he actively shares his thoughts on investing, the lessons he has experienced, and the information he has gathered on his two podcasts – Tech Guys Who Invest & Note Nuggets Podcast. As the co-host of the Tech Guys Who Invest podcast, he helps busy professionals learn how to invest wisely and safely through the knowledge of industry experts and experienced investors while sharing his perspective as an active investor in today’s market. On the Note Nuggets podcast, Kevin breaks down the little-known, wealth-building niche of Note Investing one nugget of knowledge at a time. His goal is for you to walk away after one episode of learning one key thing about how to invest in debt.
When Kevin isn’t working for his 9-5 or working on his real estate business, he’s most likely eating, doing something active, or reading a book on personal development.
[00:01 – 07:08 Opening Segment
- Kevin gives us an introduction to himself
- A Senior Sales Engineer and invests in notes on the side
- Why Kevin decided to get into note investing
- After looking at multiple avenues to invest, Kevin heard an episode of Bigger Pockets with Dave Van Horn, a note investor. His attention was captured by the realization that “You can own the debt, but you don't have to own the property.”
[07:09 – 18:43] Diving Into Note Investing
- Understanding your options between 1st position, 2nd position, and 3rd position lenders and the risk associated in each position
- How Kevin started investing in notes
- Kevin’s strategy with his self directed IRA
- Kevin’s strategies behind building his network to improve deal flow
- Choosing a self-directed IRA because of freedom and options
- How Kevin found deals
- Through networking
[18:44 – 22:49] Leveraging the Money of Others
- Notes require a large amount of money to invest
- Kevin’s advice is to put yourself out there and connect with those who want to diversify their money
- Partnering with people who have experience
[22:50 – 28:21] Closing Segment
- Quick break for our sponsors
- What is the best investment you've ever made other than your education?
- Those three notes that I did in my self directed IRA
- Kevin’s worst investment
- Stepping into a deal that I didn’t do due diligence with
- What is the most important lesson that you've learned in business and investing?
- “Who can you find the information from?”
- find a network build that network of trusted individuals and lean on it as much as it makes sense to
- Connect with my guest. See the links below.
Tweetable Quotes:
“When you're deciding what type of niche you want to be an investor in, look at some stuff for a little bit. Learn what else is out there. I think it is important to really think about what you enjoy.” - Kevin Galang
“The most important lesson that I've learned is, ‘Who can you find the information from?’ The, ‘Your network is your net worth,’ that is cliche, but it's 100% True. Chances are somebody has done whatever deal you're trying to do, and somebody has done what it is that you want to do. You can ask those people those questions.” - Kevin Galang
“Nobody does it alone. And that's okay. You're gonna make your life so much harder by trying to do everything yourself.” - Kevin Galang
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Connect with Kevin through his email [email protected] or LinkedIn
Visit his website: https://home.notenuggets.com and listen to his podcast Note Nuggets Podcast
