Be the Bank on a House, Without Owning the House

If you've ever owned a rental, you know the deal. It pays you, and you're also the one the tenant calls when something breaks.

A note works differently. The lender is the bank on the house, so the payment comes to them every month, principal and interest, at an amount set in writing before any money moves. The owner and the family living there take care of the house, and the payment doesn't move with the stock market. This kit is how all of that works from the lender's side, so you can judge any loan yourself.

Here's the simple version. Say a lender puts out $50,000 at 9% over four years. About $1,244 shows up every month, principal and interest, and the lender never fixes a furnace. The kit charts that note month by month, then walks through a real one: a $37,000 house in Youngstown, Ohio, funded from one person's IRA, where a young couple is working toward owning it.

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What's inside

$3,000 a month of your bills, paid three different ways: about $900,000 in stocks, $800,000 in a bond ladder, or $360,000 in private mortgage notes. Each one has a catch, and I lay those out too.
What being the bank actually pays. A $50,000 note at 9%, charted month by month, plus why a borrower is willing to pay a person more than a bank.
Two real ones. Samuel Avenue in Youngstown, Ohio, which is live today, and Silsby Road in University Heights, which was bought, funded, and sold. The houses, the families, why each one was set up the way it was, and what can still go wrong.
Two buckets, income and growth. The notes pay the bills, and the stocks handle inflation.
The IRA path, with eight custodians compared side by side, and the one rule you can't break.
The mechanics and the risks. The four documents, lien position and the cushion it gives you, the default timeline, and how long the wait runs by state.
The ten-question due-diligence checklist, on one printable page, so you can put any borrower on the spot. Including me.

Like every investment, a private note carries risk. The money is committed for the term, and if a borrower stops paying, getting it back takes time. The kit walks through what that looks like, so you can decide with your eyes open.

Is this for you?

Probably yes, if

You've got savings or a rollover IRA that can sit for a few years without being touched
You want a monthly payment, and a balance that doesn't jump around every morning
You liked the idea of real estate right up until the tenant called
You'd rather judge a loan yourself than have someone tell you what to do with your money

Probably not, if

You might need this money back in the next couple of years. A private loan is committed for its term
Six months of a borrower not paying, plus the foreclosure after it, would keep you up at night
You want to trade in and out, or check a balance every morning
You want someone to make the decision for you. The kit teaches you how to judge a loan, and the decision stays yours

Who wrote it

Dan Wilson

14 years in the Air Force
100+ real estate deals
24 rentals in Ohio

Both sides of the note

I spent 14 years in the Air Force, I've done 100+ real estate deals, and I hold 24 rentals in Ohio. I fund houses with private money, and I also lend private money myself, so I wrote the kit from both sides of the note.

Samuel Avenue, the house in it, is one of mine. The lender on it is a real person with a retirement account. And the checklist on page 19 is the one I'd want any borrower to answer, me included.

Here's your Starter Kit.

The PDF is yours to keep. A copy is headed to your inbox too, and over the next ten days I'll send you a few short emails, one piece of this at a time.

Download the Starter Kit

Educational content only. Not financial, legal, tax, or investment advice, and not an offer or solicitation of any investment. Consult your own licensed professionals before making financial decisions.