June 2, 2026

Buying the Debt, Not the Property: Jamie Bateman on Mortgage Note Investing, Asset Management, and Private Lending

Show Notes

In this special crossover episode, Jamie Bateman — host of the From Adversity to Abundance Podcast and fund manager at Labrador Lending — steps to the other side of the mic as a featured guest on the Real Estate Pros Show with host Michelle Tack. Jamie pulls back the curtain on what it truly takes to build and operate a mortgage note investing business, from sourcing deals and raising capital to the day-to-day realities of asset management.

Jamie shares candid stories from the field, including borrower situations that took unexpected turns and deals that tested his problem-solving skills. Whether you're new to the concept of note investing or looking to deepen your understanding of this niche, this episode gives you an honest and grounded look at what it means to operate at the intersection of real estate and finance.

Episode Highlights:

Note Investing Unpacked: Jamie breaks down what mortgage note investing actually is — stepping into the shoes of the bank, buying existing debt, and managing the paper rather than the property.
The Realities of Asset Management: From active foreclosures to bankruptcy cases, Jamie reveals just how hands-on running a note portfolio can really be.
When Deals Go Sideways: Jamie shares real case studies, including a borrower who passed away mid-bankruptcy and a hard money loan gone wrong — and how he navigated both.
Originating vs. Buying Notes: Jamie discusses his pivot toward originating more loans and why bridging the gap between note originators and note buyers is a major opportunity.

Key Takeaways:

Projections are a starting point, not a guarantee — every note has a story and rarely plays out exactly as planned.
Buying correctly gives you options; even when things go wrong, a well-purchased note leaves room to recover.
The human element in owner-occupied note investing is real — people skills matter just as much as financial acumen.
Intentional networking, not just social media presence, is what drives deal flow and capital in the note space.

Are you an accredited passive investor?

Learn more about the Integrity Income Fund:

https://labradorlending.com/investors/passive-investors/

Purchase The From Adversity to Abundance Book: https://www.amazon.com/dp/B0CGTWJY1D?ref_=pe_3052080_397514860

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