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From Landlord to Lender: How Eddie Speed Built Wealth with First Mortgages
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In this episode of Investing to Win, Garret Wong is joined by note investing legend Eddie Speed. With over 40 years in the real estate and finance game, Eddie explains why becoming the lender—rather than the landlord—can lead to more control, less stress, and long-term passive income. Whether you're a seasoned investor or just tired of tenant headaches, this episode opens the door to a powerful alternative: owning the paper, not the property.
⏱️ Timestamps:
Introduction:
Garret sets up the conversation by highlighting the difference between traditional landlording and the lesser-known strategy of mortgage note investing.
Topic 1 – Why First Mortgages Make Sense for Today’s Market:
Eddie breaks down what first mortgage notes are, how they work, and why they’re a smart move in the current economy.
Topic 2 – From Burnout to Freedom: Ditching Tenants for Notes:
They discuss the mindset shift that happens when investors stop managing properties and start managing paper instead.
Real World Note Deals and Lessons Learned:
Eddie shares real examples from his decades of experience, including how investors create cash flow without property ownership, and what mistakes to avoid.
Key Takeaways – Becoming the Bank is Simpler Than You Think:
Garret and Eddie reflect on the episode's biggest insights and offer encouragement for landlords looking to level up into lender status.
👤 About the Guest: Eddie Speed
Eddie Speed is the founder of NoteSchool and a pioneer in the world of creative financing and mortgage note investing. With over 40 years of experience and more than 50,000 note deals under his belt, he has helped thousands of investors build wealth through paper instead of property. Eddie is widely regarded as one of the most influential educators in the alternative investing space and is known for making complex strategies simple and actionable.
📚 Mentioned in this Episode:
- NoteSchool – Education and resources on mortgage note investing
- “Be the Bank” investor framework
- Default mitigation and risk control strategies
- Why banks don’t own properties—they own notes
🔗 Connect with Eddie Speed:
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