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Richard Allen is a Husband and a Father and he has always been an entrepreneur.\xa0 He loves to positively impact people's lives and disrupt markets.\xa0 Rick's current projects both revolve around the distressed debt market and disrupting how mortgage notes are traded.\xa0 His company Paperstac, is the first fully digital online process for buying and selling mortgage notes.\xa0 As a co-founder at MWM fund, Rick and his team focus on deploying capital in the distressed debt space with the goal of managing for economic returns and social impact.\n\xa0\n[00:01 - 03:37] Opening Segment\nGet to know Richard Allen\nA Real Wild Ride: Life and husband as a father of 3\nStarting real estate in 2005 and becoming the owner of Paperstac\n\xa0\n[03:38 - 11:05] Note versus Stock Investing\nComparing and Contrasting Notes and Stocks\n\u201cAt least my money is secure to a certain degree!\u201d\xa0\nWhy you should try note investing\nMust-Know Exit Strategies For You\n\xa0\n[11:06 - 22:57]\xa0 Become the Bank with Notes\nWhat are you in this for?\nRick talks about Paperstac\u2019s services\nThe safest thing to do when note investing\nNote Investing Average Time Investment\nDue Diligence and Performing LoansYou can literally do nothing!\n\nPerforming versus Non Performing LoansWhy getting the right servicer and attorney changes the world\n\nThe Attorney and the Servicer\nOperation Squeaky Wheel\n\xa0\n[22:58 - 31:37] Closing Segment\nQuick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.\n\nWhat is the best investment you've ever made other than your education?A keen to details deal\n\nRick\u2019s worst investmentA huge house in Kentucky\n\nWhat is the most important lesson that you've learned in business and investing?\u201cGet yourself educated.\u201d\nGive extra attention to the details.\n\nConnect with my guest. See the links below.\n\xa0\nResources Mentioned:\nNoteSchool\nReal Estate without Renters\n\xa0\nTweetable Quotes:\n\u201cYou have to know \u2018what\u2019s my investment goal?\u2019.\u201d - Richard Allen\n\u201cIf you look at something, the due diligence is the most important thing when you buy a loan.\u201d - Richard Allen\n\u201cA devil is in the details\u2026 Really look at all the details and all the angles in an investment.\u201d - Richard Allen\n------------\nConnect with Richard Allen through hello@paperstac.com and LinkedIn.\xa0 Visit their website https://paperstac.com/ or Youtube.\n\xa0\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\xa0\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes