Buying or selling mortgage notes involves plenty of documents, data, and moving parts. The new Paperstac platform brings more of that work into one place—and Rick Allen and TJ Osterman are here to walk you through it.

In this episode, Rick and TJ introduce timed auctions, easier loan uploads, and an AI-powered data room that organizes collateral files and answers questions with links to the source documents. They explain how data review helps buyers and sellers spot discrepancies, review suggested corrections, and track changes throughout a transaction.

The conversation also covers mortgage note price predictions, the Paperstac Trade Desk, institutional trading, white-label marketplaces, and due diligence document ordering. Rick and TJ close with a look ahead at personal AI assistants in development and their potential to help users keep trades moving.

Whether you’re a longtime Paperstac user or exploring the platform for the first time, this episode offers a practical look at the new tools and how they fit into your note business.

Topics include:
• How timed auctions work and what happens after an asset is awarded
• Moving existing assets to the new platform
• Uploading loan tapes and organizing collateral documents
• Using AI to ask questions about loan files
• Finding data discrepancies before closing
• Pricing notes and managing larger portfolio trades
• What’s next for Paperstac’s AI tools

Explore the new platform at https://paperstac.com.

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Would you rather own the house or own the mortgage? Rick Allen and TJ Osterman compare rental property investing with mortgage note investing—and explain why the answer goes beyond the monthly payment.

Drawing on experience with both strategies, they debate appreciation, cash flow, leverage, maintenance costs, and the responsibilities of being a landlord versus a lienholder. They also explore borrower defaults, property management versus loan servicing, and the trade-offs between active and more passive investing.

Learn why some landlords convert rentals into seller-financed loans, why proper note structure matters, and how selling a mortgage note—or a portion of its payments—can create another exit option.

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Finding your next mortgage note investment is one challenge. Finding the capital to buy it is another.

In this episode of the Paperstac Podcast, Rick Allen and Brett Burky discuss creative funding sources for note investors, including home equity lines of credit, all-in-one mortgages, and financing secured by a life insurance policy.

Brett explains how he uses borrowed capital to purchase cash-flowing assets, then combines investment income with personal income to pay down the balance before repeating the process. He also shares a personal example of using part of a $50,000 loan to purchase a partial mortgage note with monthly payments.

Rick and Brett explore the risks alongside the opportunities, including borrowing costs, interrupted payments, and the importance of diversification. They explain why understanding the borrower’s story, reviewing payment history, and knowing who you’re buying from are essential parts of evaluating a deal.

Topics include:
• Alternative funding sources for mortgage note investments
• All-in-one mortgages and velocity banking
• Life insurance as collateral for financing
• Partial notes and monthly cash flow
• Building a portfolio through repeated purchases
• Due diligence and managing non-performing notes

Explore mortgage notes at https://paperstac.com

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