Welcome to The Paper Trail, where we follow the journey—my journey—through the world of mortgage note investing. I'm Chris Seveney, and after years of buying, managing, and selling notes with 7e Investments, I'm here to share the real stories behind the deals—what went right, what went wrong, and what I wish I knew earlier. From non-performing loans to seller financing to private lending, this show is about more than strategies—it’s about learning to follow the paper trail and doing the due diligence that separates the pros from the rest. Let's hit the trail.
Creating Wealth Simplified
Claim This Podcastby Chris Seveney
5.0(13 reviews)
357 episodes
Updated Daily
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Podcast Overview
Welcome to The Paper Trail, where we follow the journey—my journey—through the world of mortgage note investing. I'm Chris Seveney, and after years of buying, managing, and selling notes with 7e Investments, I'm here to share the real stories behind the deals—what went right, what went wrong, and what I wish I knew earlier. From non-performing loans to seller financing to private lending, this show is about more than strategies—it’s about learning to follow the paper trail and doing the due diligence that separates the pros from the rest. Let's hit the trail.
Language
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Publishing Since
11/12/2018
1 verified contact email on file for Creating Wealth Simplified
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Recent Episodes
May 13, 2026
358 | Tariffs, Labor Costs, and the Double Squeeze on Real Estate
Host Chris Seveney explains how rising tariffs and a labor shortage create a "double squeeze" impacting real estate construction economics for passive investors.
April 22, 2026
357| The Tax & Fee Anatomy of a Real Estate Syndication
<p>In this episode of the <strong>Paper Trail Podcast</strong>, Chris Seveney breaks down how real estate syndication returns change once taxes, fees, and deal structure are fully accounted for.</p><p>Rather than focusing on headline IRR, the discussion centers on what investors actually keep after understanding their position in the capital stack, the tax implications of debt versus equity, and the impact of layered fee structures.</p><p></p><p>Chris also highlights retirement-account pitfalls such as UBIT/UDFI in leveraged non-corporate deals, multi-state filing costs for K-1 investors, and the importance of using a CPA experienced with real estate and passive loss rules, urging investors to ask sponsors detailed structural questions before investing.</p><p></p><p>00:00 Welcome and Overview</p><p>01:21 Capital Stack Basics</p><p>02:24 Debt vs Equity Taxes</p><p>04:24 Gross vs Net Returns</p><p>06:51 K-1s Depreciation Recapture</p><p>10:50 Syndication Fee Breakdown</p><p>14:48 Fees vs Waterfalls Promote</p><p>19:07 Sponsors Cant Give Tax Advice</p><p>22:07 IRA Investing UBIT Trap</p><p>24:50 Multi-State Filing Costs</p><p>28:33 Choosing the Right CPA</p><p>30:42 Wrap-Up Key Questions</p><p>34:10 Final Thanks and Sign-Off</p>
April 1, 2026
356 | AI IN REAL ESTATE: The Good, The Bad, The Ugly
<p>In this episode of the <strong>Paper Trail Podcast</strong>, Chris Seveney takes a practical look at how AI is shaping real estate and mortgage note investing today.</p><p>Moving past the hype, he outlines where AI is already improving underwriting and valuation, where it may be narrowing investor advantage, and what structural risks are often overlooked as these tools become more embedded in the market.</p><p><strong>Episode Timeline</strong></p><p>00:00 AI Wake-Up Call</p><p> 00:56 The Good: Where AI Is Already Adding Value</p><p> 01:53 Faster Property Valuations</p><p> 02:42 Smarter Borrower Risk Assessment</p><p> 03:19 The Bad: Shrinking Information Advantage</p><p> 05:20 Execution Becomes the Edge</p><p> 06:03 The Overlooked Risk: Chip Dependency</p><p> 06:56 Taiwan and Supply Chain Exposure</p><p> 09:17 Avoiding Over-Reliance on AI</p><p> 09:49 Why Note Investing Remains Durable</p><p> 10:58 PropTech vs. Fundamental Models</p><p> 12:08 Final Takeaways and Next Steps</p><p><br></p><p><strong>Learn More</strong></p><p>To learn more about how 7e approaches note investing, underwriting, and market strategy, visit:</p><p> <strong><a href="https://7einvestments.com" rel="noopener noreferrer" target="_blank">https://7einvestments.com</a></strong></p><p>This content is for informational purposes only and is not intended as investment advice.</p>
357 total episodes available with 21 transcripts
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