What if building real estate wealth did not require managing tenants, handling maintenance calls, or chasing appreciation in unpredictable markets? What if consistent cash flow could come from owning the paper behind real estate instead of the property itself? And what if being the bank was actually simpler and more scalable than being the landlord? In this episode, we explore whether note investing offers a smarter, more efficient path to long-term wealth.

In this episode of the REI Freedom Podcast, host Jeremy Beland sits down with Eddie Speed, founder of Note School and Colonial. With more than 40 years of experience and over 50,000 discounted notes purchased, Eddie breaks down how note investing works, why it produces strong cash flow with fewer headaches than traditional rentals, and how investors can use this strategy to build sustainable wealth.

Throughout the conversation, Eddie explains the fundamentals of note investing, compares notes to rental properties using real numbers, and shares proven systems for getting started without overextending yourself. This episode offers a fresh perspective for investors who want predictable income, scalability, and a more passive approach to real estate.

Key Topics Covered

• What note investing is and how it differs from traditional real estate ownership
• Becoming the bank instead of the landlord
• Long-term notes versus short-term hard money lending
• Notes compared to rental properties using real-world numbers
• How to get started in note investing without overextending
• Recapitalization strategies to keep buying more notes
• Average note payoff timelines versus original loan terms
• Risk management through conservative underwriting and equity cushions
• How foreclosure risk is reduced through proper asset selection
• Why note investing works well in today’s market environment

Resources Mentioned

Note School Website: noteschool.com/freedom


Subscribe to the REI Freedom Podcast for more conversations on building financial freedom through smarter real estate strategies. Follow @REIFreedom on social media and visit reifreedom.com for coaching programs and additional resources.