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The Note Investor PodcastAuthor: Dan Deppen
The Note Investor Podcast will guide you through the ups and downs of note investing, and teach you about all of the nitty gritty details of the business that other people won't talk about . Your host, Dan Deppen is a former aerospace engineer and product manager who transitioned away from cubicle life to full time note investing in 2018. Our website is www.fusionnotes.com, where you can subscribe to this podcast, comment, and find links to other information on note investing. Language: en Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Wraps, Lease Options & Slow Flips: A Creative Finance Deep Dive with Philip Louden
Episode 147
Tuesday, 30 June, 2026
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
