Put Your Capital to Work Real Assets. 100% Texas.

I'd rather be the bank than the landlord.

I started investing in Texas real estate in 2013. My first home became my first rental. From there I followed a simple pattern. When I sold a rental, I'd buy another one and use the rest of my profits to buy a flip. The flips created profit, and the rentals created cash flow. I've owned multiple rental properties and flipped multiple homes. My projects include a fire-damaged house, a 1910 home we gutted and remodeled, and acreage we fully improved for a mobile home. Each one made me wiser and pickier about where I put capital, weighing how long a project takes against what it returns, because a quick deal with less profit can sometimes be the better investment. Along the way, I sold a couple of my rentals with owner financing. Instead of cashing out, I kept the loan and became the bank. Looking back at those profits, what stood out was how passive they were. In 2024 I founded an electrical business. As I got busier managing people and operations, I wanted investments that were more passive and predictable than rentals. Those owner-financed sales had shown me what that looked like, so I bought my first note, a land note. The borrower made the payments, and the land secured the note. In my experience, notes take far less work than rentals and produce a better return on my capital. No tenant calls, no repairs, no insurance claims or property taxes to manage, just a borrower making payments on property that secures the loan. Land became my favorite. Land notes offer higher yields, and the borrower's improvements decrease my investment-to-property-value position. Growing my note portfolio became my goal. It already covers my living expenses and will eventually become my sole income. Here's where it gets interesting: I pledge my notes as collateral with the bank and borrow against them to fund note acquisitions and development projects!!! Not many investors do this, and it lets me keep growing my portfolio without having to sell anything. NTXCapCo follows the same pattern: long-term and short-term notes - the rentals, with steady payments backed by real estate. Short-term notes, such as loans to flippers and land developers, add flexibility. Their shorter timelines allow capital to be redeployed, and I can use leverage for a period, then step back if the market changes. Development is the flip: more potential reward and more risk. Everything is in Texas. I invest my own capital and stay hands-on. I want to partner with others, share what I've learned, and fund larger deals, or more of them, together. If that sounds interesting, let's talk and find a way to partner.

Our Team

Nick Wallace, PE

Managing Member

Founder and Managing Member of NTXCapCo. He's a licensed professional engineer who started investing in Texas real estate in 2013, owning rentals and flipping homes before moving into real estate-backed notes. In 2024 he founded an electrical business, scaled it to seven-figure EBITDA in two years, and exited. Today he focuses on notes, short-term lending, and development across Texas, investing his own capital alongside others and staying hands-on with every deal.

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Investor Basics

New to Texas land and real estate notes?

Learn the basics before you invest: how the notes work, what secures them, and what to ask. Check out our investor basics link to better understand these terms and more.

• Promissory Note
• Deed of Trust
• Entitlement
• Plat
• Hard-Money Loan
• ARV — After Repair Value
• Lien Position
• More ...

Investor Basics →