223: Rick Allen & TJ Osterman: How To Create Cashflow With Mortgage Notes

My guests in this episode are Rick Allen and TJ Osterman from Paperstac.

For over 10 years Rick Allen has been an active investor. As the Co-Founder and fund manager of Cloud Capital Management and the Co-Founder of Paperstac, he has conducted transactions with large A-list institutions. Rick has expert experience in investment strategies of the real estate sector, with a primary focus on discounted Acquisitions and distressed assets.

He has participated in the purchase of over 400 single family homes with a purchase price of $25,000,000.00 and a market value of $45,000,000.00.

Since 2014 he’s been actively working on a new way for note investors to purchase and sell mortgage notes. Now that their platform is live, they’ve been actively growing and expanding the market to bring the opportunity of mortgage notes to a larger audience.

TJ  has been working in the Real estate investment space for the last 15 years. During that 15 year stretch, he did everything from source private money, flip houses, wholesale houses, landlord and swing hammers.

He eventually combined all those disciplines and started his own real estate investment firm with a partner. Five years ago pivoted into the note business and quickly realized that there were many low to middle-income borrowers in need of desperate help.

He’s also a founding member of paperstac.com – the platform that together with his team intend to change the way trading mortgage notes is conducted.

Interview Links:

Paperstac

Cloud Capital Management