Welcome!
- When the banks say NO, I say YES! I love "the dance between property and paper."
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Real Estate Broker
Joined 06/27/2008
Dawn Rickabaugh
Broker
Note Queen
(626) 292-1875
(626) 641-3931 mobile
(626) 451-0454 fax
As a real estate broker who also buys notes, I am an especially effective owner financing consultant. I regularly put and/or keep real estate transactions together with seller carry strategies that protect the needs of all concerned. When notes are structured properly, they can be sold for more money, (and keep the real estate professionals involved out of trouble).
Alternative and creative financing is becoming main stream as sellers realize that offering terms can get them into escrow and often save them from short sale or foreclosure. Both Investor's Business Daily and Marketwatch.com have recently interviewed me about the increase in owner financing.
Banks have whole underwriting departments. When sellers are "becoming the bank" by offering terms (carrying paper) on their own properties, they need their own personal underwriter - that's what I am. Agents, don't let your sellers come back to you angry when they find they can't sell their note, or that they're taking a HUGE discount.
Most effective niches: Jumbo Residential, Commercial, Small Business
I have four teenagers and I love family life. We enjoy time at our cabin, which sports turn-of-the-(last)century-living: oil lamps and candles for light, firewood for warmth, propane stove and frig for food, crickets and stream-gurgle for nighttime soundtrack, and a nice outhouse for, um . . . relief.
