• 017. Building a Billion Dollar Note Portfolio with Dave Van Horn

  • Apr 26 2024
  • Length: 48 mins
  • Podcast

017. Building a Billion Dollar Note Portfolio with Dave Van Horn

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  • Summary

  • Dave Van Horn shares his journey in the real estate industry, from starting as an agent to becoming an investor and note business expert. He explains how he accidentally entered the note business and the different types of notes he deals with. Dave also discusses the institutional buying process and the importance of due diligence on banks. He highlights the opportunities in the current market for distressed assets and repositioning the capital stack. In this conversation, Dave Van Horn discusses potential problems in the real estate market, the importance of preparing for risks, and how to get into the note business. He also shares insights on transitioning to a CEO role, building a self-managing company, creating a family investment company, and focusing on impact and freedom. If you want to reach out to Dave Van Horn, you can contact him through the PPR Capital Management website or connect with him on LinkedIn or BiggerPockets. Takeaways
    • Dave Van Horn's journey in the real estate industry started as an agent and evolved into becoming an investor and note business expert.
    • The note business offers cash flow without the challenges of dealing with tenants, making it an attractive investment option.
    • The institutional buying process involves analyzing assets, bidding, and funding, with a focus on managing risk and capital.
    • In the current market, there are opportunities for distressed assets and repositioning the capital stack. The real estate market may face potential problems in the future, such as a reduction in interest rates not happening fast enough and a shortage of affordable housing.
    • To prepare for potential risks, it is important to be cautious with financing options and consider fixed-rate financing instead of bridge financing.
    • Getting into the note business can be challenging due to regulatory and compliance requirements, but exploring opportunities in hard money lending or private credit on the commercial side can be more efficient.
    • Transitioning to a CEO role involves professionalizing the company, hiring a search firm, and forming a board of directors to bring in additional talent.
    • Building a self-managing company requires identifying and focusing on unique abilities, setting up a family investment company, and creating a culture of ownership among staff.
    • Creating a family investment company involves repositioning equity, simplifying and becoming more efficient, and focusing on impactful activities.
    • Focusing on impact and freedom means prioritizing activities that align with personal goals and values, and considering the long-term impact of decisions.
    • To contact Dave Van Horn, visit the PPR Capital Management website or connect with him on LinkedIn or BiggerPockets.
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