Podcasts about non performing notes

Good morning, afternoon, and evening, everybody! Happy New Year! It's 2026, and despite "feeling like ass" with a nasty flu, I'm fired up to share our 3-pronged attack strategy for the year ahead. History's repeating itself, folks: distressed real estate is on the rise, from residential notes to commercial defaults. Texas (and Florida's "errors") are hotspots, and opportunity knocks for those willing to roll up their sleeves!Forget 3% mortgages; people are tapping equity at 7% to survive, meaning more distressed assets hitting the market. Austin's getting a little too "hectic" with its "Democratic socialists" for my taste, so we're looking to South Texas for some probate action! This isn't just theory; it's our tactical approach to turn chaos into cash flow.Here's our battle plan for conquering distressed real estate in 2026:Non-Performing Notes & Strategic Sub-To Deals: We're targeting non-performing notes we can buy cheap enough for big checks or 12%+ cash flow. If not, we pivot to subject-to acquisitions with borrowers who have 20%+ equity, saving them from foreclosure while we pick up solid assets (using legal Texas wrap-arounds or lease options).South Texas Probate Power Plays: As Austin gets "not nice," we're diving deep into direct mail campaigns for probate deals in South Texas, aiming to scoop up properties from families who just want to move on.Capitalizing on Distressed Property & Borrower Engagement: Learn how we're reactivating direct marketing campaigns and old websites to find distressed properties, engaging directly with homeowners to help them avoid a credit-crushing foreclosure.The Unsung Hero: Consistent Marketing & Capital Raising: Discover why "consistency" is my word for 2026. Without it, you're a "ghost." We'll talk about effective social media (LinkedIn's good, Facebook's a "dumpster fire"), email lists, and why January-March are prime months for networking to raise capital.Why You Need to Take Action (Seriously!): This isn't a hobby; it's a business. Whether it's funding delinquencies or light rehab, you'll need capital. And if you've got a killer case study or a burning topic, reach out – we love to feature badasses closing deals!This isn't about sitting back and waiting; it's about leaning into the storm and finding the gold. If you're ready to stop getting "hobby results" and want to turn distressed properties into real wealth, it's time to act. Don't be a stranger – book a call at talkwithscottcarson.com, text me at (512) 585-3810, or join our Note Buying for Dummies workshop in Austin (notebuyingfordummies.com – includes a spouse/partner, so no excuses!). Go out, take some action, everybody, and we'll see you at the top!#RealEstateInvesting #DistressedRealEstate #NonPerformingNotes #SubjectTo #ProbateInvesting #TexasRealEstate #RealEstateStrategy #CashFlow #InvestorMindset #2026Goals #RealEstateMarketing #PodcastWatch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

This episode reveals how note investor Sierra Davis transformed her financial life through passive income strategies, creative deal structures, and predictable returns, offering beginners a clear and inspiring path toward building long-term wealth through notes.See full article: https://www.unitedstatesrealestateinvestor.com/rising-into-financial-freedom-through-the-power-of-notes-with-sierra-davis/(00:00) - Welcome and Guest Introduction(00:05) - Sierra's Overview of Note Investing(00:21) - Why Note Investing Appeals to Numbers Driven Investors(01:07) - How Sierra First Entered the Note Investing Space(02:30) - Using Private Money to Buy Notes(03:17) - Buying Notes at a Discount and Creating Win Win Deals(04:30) - Why Sellers Choose to Sell Their Notes(06:00) - What Happens When a Seller Financed Note Is Sold(06:57) - How Note Terms Transfer to the New Investor(07:28) - Performing vs Non Performing Notes(09:00) - Risks and Foreclosure Timelines in Different States(10:10) - Why Sierra Focuses on Performing Notes(11:04) - Closing Logistics When Notes Change Hands(11:28) - How Borrowers Are Notified of a New Note Holder(12:05) - Understanding Servicers and Borrower Communication(12:40) - The Growing Marketplace for Seller Financed Notes(13:06) - Why Good Paperwork Matters in Note Investing(14:02) - How Investors Can Structure Better Seller Financing Deals(15:00) - Qualifying Borrowers and Protecting the Note(15:45) - Down Payments, Paperwork, and Attorney Prepared Documents(16:23) - Considering Balloons and Future Tax Planning(17:05) - Using Partials to Manage Cash Flow and Reduce Taxes(18:10) - How Partials Work in Practice(19:05) - Creative Deal Structures That Serve Both Sides(20:15) - How Sierra Paid Off Her Student Loans with One Deal(21:20) - The First Note That Stopped Performing(22:05) - How She Recovered by Reselling the Property with Seller Financing(23:00) - Making Private Investors Whole Even When Borrowers Default(23:47) - Why Reserves Matter for Note Investors(24:10) - The Kansas City Deal That Became a Lesson(25:00) - Handling Non Paying Borrowers and Foreclosure Costs(25:45) - Sierra's Golden Investing Nugget(26:15) - Why Notes Complement Other Investment Strategies(27:00) - Creating Balance Between Cash Flow and Appreciation(27:45) - Investing Out of State Without Tenants or Repairs(28:10) - Sierra's Book Recommendation(28:30) - Where to Follow Sierra Online(29:00) - Episode Closing with Mattias and Erica(29:15) - Show Disclaimer and Final GoodbyeContact Sierra Davishttps://wealthwithnotes.com/https://www.facebook.com/sierra.davis.803463https://www.instagram.com/sierradavisofficial/https://youtube.com/@sierradavisofficial Your next step toward financial clarity might be closer than you think. Let Sierra's journey remind you that predictable wealth starts with one bold decision. For more guidance and interviews that elevate your future, visit https://reiagent.com

Alright, Note Closers, gather 'round! Scott Carson is here to drop some serious knowledge bombs on how to take non-performing notes and turn them into a freakin' goldmine. Forget about rainbows and pots of gold; we're talking about equity, foreclosures, and ROI that'll make your head spin – in a good way. So buckle up, because we're diving deep into the crazy world of distressed debt.Here's what you'll discover:The Early Buyout Lowdown: Ever wonder why lenders are so eager to ditch certain notes? Scott unveils the secret sauce behind early buyouts and how you can capitalize on their desperation. Hint: it involves low interest rates and banks losing money.Equity Treasure Hunt: Forget buried treasure maps; Scott shows you how to unearth properties with hidden equity, even if they're years behind on payments. Learn to identify those diamond-in-the-rough deals that can lead to serious profits.Foreclosure Ninja Moves: Navigating the foreclosure process can be a real headache, but fear not! Scott breaks down the key steps and strategies to ensure you come out on top. Plus, he'll reveal when to pull the plug and pursue foreclosure.Loan Modification Escape Route: Not all loan modifications are created equal. Scott teaches you how to spot the bad ones and when to bail out of a deal. It's like having a "get out of jail free" card for note investing.Foreclosure-Friendly States: Not all states are created equal when it comes to foreclosures. Scott reveals the top states for quick and easy foreclosures, so you can avoid those bureaucratic nightmares and maximize your profits.In Conclusion:So there you have it, folks! An insightful look at the world of non-performing notes, courtesy of yours truly. If you're ready to ditch the boring investments and dive into the wild world of distressed debt, then start implementing these tips today!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet signed up for the Next Virtual Note Buying Workshop Now!

Shake Off the Market Jitters: How to Get Great Returns Passively Through Non-Performing Notes! Feeling uneasy about the market? Want a truly passive real estate strategy? This episode is for you! Jonathan Hayek interviews Scott Carson, founder of We Close Notes, to unlock the secrets of non-performing note investing in today's uncertain market. Learn how to generate amazing returns by rehabbing borrowers, not properties!In this episode, you'll discover:Why Market Uncertainty Creates Opportunity: Why a distressed market is a note investor's playground.What are Non-Performing Notes? A breakdown of what they are, how they are sourced, and how to get the biggest discounts.Scott Carson's Background: How Scott built his real estate investment business and made connections with banks and asset managers.The Note Investing Strategy: Buying mortgage debt direct from banks on both residential and commercial properties.Preferred Note Types: Why Scott focuses on first position liens.Avoiding States With Lengthy Foreclosure Time Frames: New York, New Jersey, and Chicago.How to buy notes: What types of lenders and locations to consider for opportunities.Community Banking: Why community banks are the perfect partners for deals under $10 million.Scott's Process For Sourcing Deals:Using electronic files and PDF's to gather informationCash Flow Potential, Occupancy Rate, and LocationThe Importance of Due Diligence: The steps to protect your investment.Scott's Three PayDay Systems:Getting Cash flowSelling the Note or RefinancingForeclosingBuilding Relationships: with vendors, brokers, investors and lenders.Common Mistakes for Newbies: How to double-check taxes and insurance in the correct way.The Mindset of a Successful Note Investor: Why you need to understand the market and be the banker.Getting Started on a Small Scale: Pro tips for beginners.The Power of a LinkedIn Profile: Why a complete LinkedIn profile passes the "smell test" with lenders.Building a Team: How to partner with servicers and other professionals.How to contact banks What is the contact information for banks in charge of real estateGetting High Returns: Why investors should be expecting a return of 14% to 15%.Stop being shaken by market volatility! Tune in now to discover the power of non-performing note investing and create a truly passive income stream. Connect with Scott:https://weclosenotes.com/https://www.linkedin.com/in/1scottcarson/ Click to Access the Southwest Airlines 100,000 Point OfferEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.

A comprehensive discussion led by Dawn Rickabaugh on the current real estate market dynamics, owner financing strategies, note investing, and creative deal structuring amidst a shifting market landscape. Dawn emphasizes that the current market volatility and tightening liquidity create both challenges and opportunities for real estate investors, especially those skilled in owner financing and note deals. The conversation includes practical experiences, such as handling land contracts, note sales, and creative financing mechanisms like "springing guarantees" and substitution of collateral. Dawn also highlights the importance of adapting to market changes, particularly for sellers who face increasing competition and price pressures. Several real-world examples illustrate the nuanced decisions investors must make, balancing risk, market value, and cash flow. The dialogue also touches on tax strategies, loan-to-value considerations, secondary market demands, and the evolving role of title companies in complex transactions. Overall, the session encourages investors to embrace creative financing solutions to thrive in a buyer-favored market where traditional bank lending is constrained. ### Highlights   -

Hey note investors! In today's episode, we're tackling a question that comes up all the time: Performing vs. Non-Performing Notes - which one is right for you? Scott Carson dives deep into the pros and cons of each, sharing his insights and experiences to help you make an informed decision for your investment strategy. Key Topics Covered:What are Performing Notes? Understand the definition of a performing note and why seasoning is crucial.Pros of Performing Notes: Learn about the advantages of steady income and a more passive investment approach.Where to Find Performing Notes: Explore platforms and sellers of performing notes, and why big banks aren't your best bet.Non-Performing Notes: A Deeper Dive: Discover why non-performing notes offer bigger discounts but require more work.Working with Borrowers: Why it's crucial to work with borrowers in default to maximize returns and avoid foreclosure.Re-Performing Notes: The Best of Both Worlds? Find out what re-performing notes are and the returns you can expect.Assessing Risk in Re-Performing Notes: Due diligence checklist to know to help mitigate some common tax errors.Investment Goals: Aligning investments with personal life goals, whether it is to create passive income or make some additional revenue.Financing your Notes: Understanding financing and knowing if it is right for you to finance your notes versus using cash.Actionable Takeaways:Understand your risk appetite and desired level of involvement.Factor in your financing strategy and required returns for investors.Identify potential opportunities for non-performing assets to become re-performing.Whether you're drawn to the steady income of performing notes or the potential for higher returns with non-performing assets, this video will give you the insights you need to choose the right path for your note investing journey.Watch the original VIDEO HERE!Links & Resources:Book a call with Scott Carson: HTTP://talkwithscottcarson.comNote Weekend (Free Monthly Class): HTTP://noteweekend.comThree-Day Workshop: HTTP://notebuyingfordummies.comMore Info: weclosenotes.comSubscribe for more note investing tips and strategies!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!

In this packed episode, the hosts dive deep into the rapidly growing world of note hypothecation, partial notes, and funding strategies for note investors. Guest Justin shares how he legally wraps mortgages with full bank approval, and how he's secured financing from five different small banks by collateralizing his note portfolio. You'll learn how to pitch banks, what documentation to prepare, and how to make your notes bankable—even without selling them.If you're a note investor, creator, or broker, this is a must-watch episode that could completely change how you fund your deals. Whether you're new or seasoned, you'll walk away with actionable tips and new strategies to grow your note business in 2025 and beyond.To obtain this week's Real Estate Notes Show guest Justl's information, use this link https://bit.ly/3QSnbfA**Never Miss a Live Show**, Add our Calendar to yours! Google - https://bit.ly/3Djr8GL Apple/Outlook - https://bit.ly/3Dhj9tyWe Buy Notes go to our site for more information! FAQs and Submit Your NoteWatch this video on Youtube: Watch VideoOur new Website Updated Tools, Resources, Bid Calculator, Education and over 100 assets for sale: ⁠https://www.jkpholdings.com/note-investor-education⁠Youtube Channel: https://www.youtube.com/c/JKPholdingsllc?sub_confirmation=1Upcoming Live Webinars: https://www.jkpholdings.com/webinarsDME (Diversfied Mortgage Expo) Note Conference Video Recordings - ⁠PurchaseSOCIAL MEDIAFB Group: https://www.facebook.com/groups/EastCoastDistressedNoteInvesting/Facebook: https://www.facebook.com/JKPHoldings/Linkedin: https://www.linkedin.com/company/jkp-holdings-llc#noteinvesting #mortgagenotes #investor #mortgagenote #realestate #realestateinvestor[00:00:00] Show Intro and Guest Update[00:01:00] Influx of Non-Performing Notes[00:02:00] Why Networking Is Everything[00:04:00] Keeping Top of Mind in Notes[00:06:00] Common Performing Note Mistakes[00:08:00] Partial Notes vs Hypothecation[00:10:00] Meet Justin: Note Investor Journey[00:12:00] Discovering Wrap Notes Legally[00:14:00] Legal Lending Limits Explained[00:16:00] Packaging Notes for Banks[00:18:00] Negotiating with Small Banks[00:20:00] Collateralizing a $100K Note[00:22:00] Creating a Banker's Presentation[00:24:00] Title Companies as Key Connectors[00:26:00] Banks Lending on High-Interest Notes[00:28:00] Can You Hypothecate with Individuals?[00:30:00] Lending and Risks with Private Notes[00:32:00] Using Debt to Grow a Portfolio[00:34:00] Structuring Legal Wrap Note Deals[00:36:00] Texas Advantages for Note Investors[00:38:00] Note Investing in Today's Economy[00:40:00] Post-Tax Yield and Amortization[00:42:00] What Happens If You Default?[00:44:00] Personal Guarantees and Final Thoughts[00:46:00] The Future of Note Hypothecation[00:48:00] Wrap-Up and Final Takeaways

Matt Faircloth and Fred Moskowitz delve into the niche of note investing, exploring its mechanics, profitability, and the differences between performing and non-performing notes. Fred explains how investors can step into the role of the lender, the importance of understanding the secondary market, and the strategies for maximizing returns. The discussion also touches on the reasons banks sell performing notes and the current opportunities in the note investing landscape. Sponsors: Crystal View Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Hey note-heads! Get ready for a wild ride through the world of distressed assets! In this LIVE recording of Note Night in America, we're tackling a massive list – a whopping 278 notes! Get your coffee brewed and your spreadsheets ready, because this isn't your grandma's note investing tutorial.This isn't just another podcast; it's a masterclass in uncovering hidden gems (and avoiding potential money pits). We're diving headfirst into a mountain of data, sharing our secret sauce for sorting the good notes from the not-so-good (and why you should avoid Chicago real estate at all costs).Key takeaways from this episode:Florida Fun and Foreclosure Frenzy: We're focusing heavily on Florida's note market, which is as vibrant and diverse as its landscape (and potentially just as unpredictable!). We'll decode the nuances of reverse mortgages – think dollar payments, crazy equity situations, and the sometimes-bizarre world of dealing with heirs (no Ouija boards required, we promise!).Spreadsheet Savvy: Prepare for a spreadsheet showdown! We're pulling back the curtain on our analysis process, revealing the formulas and techniques we use to identify the most promising deals. We discuss how to interpret key data points like LTV, DTI, and other crucial metrics, which will help you make more informed investment decisions.Location, Location, Location (and maybe, avoiding Illinois!): We're not afraid to share our opinions on the best (and worst!) states for note investing. Some states are high-yield goldmines, while others are complete wastelands. Learn where to focus your energies and which ones to avoid at all costs. (Seriously, avoid Chicago).Reverse Mortgage Mysteries: We unveil the secrets of reverse mortgages. We break down how to identify these complex deals, assess the risks, and determine if they're the right fit for your investment strategy.Live Q&A and Community Connection: This was a live podcast, so we're answering questions from our community of note investors in real-time. Tune in to hear our insights and advice on various real-estate investing topics, plus hear some funny stories and off-the-cuff humor.Beyond the Numbers:It's more than just data. This podcast episode is as much about strategy and building an effective investment plan as it is about spreadsheets. We delve into the importance of setting realistic investment goals, understanding the diverse motivations and strategies of fellow investors, and choosing notes that best align with your personal financial objectives.More to Explore:Want a deeper dive into our analysis? This episode also includes access to the 278-note spreadsheet that we analyze in the podcast. Join our WCN Membership community for exclusive access to resources, tools, and ongoing support! HTTP://NoteUmbrella.comThis podcast is packed with real-world experiences, practical advice, and enough humor to keep you engaged from start to finish. It's a must-listen for any note investor looking to sharpen their skills and uncover more profitable opportunities. Let us know your thoughts in the comments!Don't forget to subscribe and hit that notification bell for more Note Money mayhem!Watch the Original VIDEO HERE!Book a Call With SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest

Chris Seveney discusses how he navigates the world of non-performing notes and everything that goes on in the life of a note investor. He breaks down the three key components of asset management and how you can deal with each one the right way.

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How can understanding the nuances of tax liens and foreclosure processes turn distressed properties into lucrative investments? In this episode, host Angel Williams explores the topic of tax liens when it comes to non-performing notes with guest speaker Kristin Gerst. They delve into the complexities of investing in tax liens and the potential pitfalls to be aware of. From understanding the right of redemption to considering property condition and after-repair value, they provide valuable insights for investors. They also discuss the differences between judicial and non-judicial states and the importance of researching eviction processes in different areas. Whether you're new to note investing or looking to expand your knowledge, this episode offers practical advice and strategies.   Kristin Gerst is the Managing Director at Capricorn Mortgage Investments. Capricorn Mortgage Investments buys high interest rate mortgages from small business owners and companies and sells them to large institutional buyers.  (00:00 - 08:23) Title: Tax Liens Demystified     - Exploring the concept of tax liens and their potential for investment.   - Understanding the right of redemption and its impact on investment strategies.   - Factors to consider when assessing the value of tax liens, including property taxes and vacancy rates.   (08:24 - 18:45) Pitfalls of Non-Performing Notes     - Considering the limitations of investing in non-performing notes and the inability to inspect properties.   - Assessing property condition and estimating repair costs in non-performing note investments.   - Analyzing borrower behavior and the likelihood of loan modifications or non-payment.   (18:46 - 26:57) Judicial vs. Non-Judicial States     - Understanding the differences between judicial and non-judicial states in the foreclosure process.   - Exploring the length of foreclosures and the need for court approval in judicial states.   - Identifying non-judicial states that may pose challenges in eviction processes and timelines.   (26:58 - 35:20) Researching Foreclosure Timelines     - Highlighting the importance of researching foreclosure and eviction timelines at the city and county levels.   - Considering factors that may impact foreclosure and eviction processes in different areas.   - Making informed decisions about purchasing non-performing notes based on foreclosure and eviction timelines.     - Exploring potential sources for non-performing notes, such as small banks and credit unions.   - Building relationships with asset managers and specifying requirements for non-performing notes.   - Navigating the process of bidding and evaluating non-performing notes for potential investment opportunities.   Quotes:   - "Property condition and after repair value are crucial factors to consider in non-performing note investments." - Kristin Gerst   - "Understanding the differences between judicial and non-judicial states can significantly impact your foreclosure timelines." - Kristin Gerst   Connect with Kristin: LinkedIn: https://www.linkedin.com/in/kristin-gerst-a2a6a66/  Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing.  Head over to our Facebook Page, Youtube Channel, or website  https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me

How can real estate investors turn non-performing notes into golden opportunities, even in challenging markets?   In this enlightening episode, Kristin Gerst shares her expert insights into the world of real estate investment, focusing on non-performing notes and their potential for profit. With years of experience under her belt, Kristin dives deep into strategies that can transform seemingly hopeless investments into lucrative deals. From navigating foreclosures to understanding the intricacies of cash for keys, listeners will gain valuable knowledge on making informed decisions in the real estate market.   Kristin Gerst is the Managing Director at Capricorn Mortgage Investments. Capricorn Mortgage Investments buys high interest rate mortgages from small business owners and companies and sells them to large institutional buyers.    [00:00:00 - 00:03:00] The Art of Non-Performing Notes: Kristin Gerst introduces the concept of non-performing notes and why they are often overlooked by investors. Non-performing notes can be a hidden gem in real estate investment. The importance of understanding state laws and foreclosure timelines. Cash for keys as a faster, more humane alternative to foreclosure.   [00:03:00 - 00:06:00] Mastering Foreclosure Alternatives: Insights into effective strategies for dealing with properties facing foreclosure. Leveraging confidence and respect in negotiations. The power of anecdotes in persuading homeowners. Success rates of obtaining warranty deeds directly from homeowners.   [00:06:00 - 00:09:00] Buying and Selling Notes: Kristin discusses the nuances of acquiring and liquidating notes for profit. The benefits of purchasing notes in lots. Grading each note to assess its value and potential. Strategies for selling notes to hedge funds or individual investors.   [00:09:00 - 00:12:00] Handling Wrapped Mortgages and Subject-Tos: Exploring the complexities of wrapped mortgages and how to manage them. The process of buying and selling wrapped mortgages. Importance of clearing underlying debts for cleaner transactions. Future-proofing investments against market downturns.   [00:12:00 - 00:15:00] Non-Performing Notes vs. REOs: Distinguishing between non-performing notes and real estate owned by banks. The difference in handling and profitability between NPNs and REOs. The significance of due diligence in note investment. Strategies for converting non-performing notes into profitable assets.   Quote:    "Everybody gets behind or into financial trouble. Wouldn't you just like to be done with this and have this stress gone?" - Kristin Gerst   Connect with Kristin: LinkedIn: https://www.linkedin.com/in/kristin-gerst-a2a6a66/  Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing.  Head over to our Facebook Page, Youtube Channel, or website  https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me

This Property & Paper LIve was focused on investing in institutional non-performing notes with my co-host, Sri Gandla. It's interesting to hear how he went from an IT professional for Fannie Mae, to buying notes full time. He's a smart guy and has put in a lot of effort to learning about and creating relationships. I learned a lot from him and you will too!! 03:06 - Special guest, Sri Gandla, shares how he got started with note investing? 06:23 - How institutions move paper on the secondary market versus owner carry paper. 11:31 - Palmdale, California Note Deal Review. 25:57 - Licensing requirements to be a debt collector.  30:50 - Overview of Statute of Limitations for Mortgages and Notes. 32:35 - Great resource for any note investment questions - https://www.facebook.com/groups/NoteandRealestateInvesting/ 33:51 - 2024 Market Predictions, following the data. 41:23 - The evolution of note education.     43:48 - Deal Review: Statute of Limitations on a reverse mortgage??? 45:25 - How banks fail and can lose their assets? 49:22 - Carson City, Navada Note Deal Review. 58:19 - What is Dodd-Frank Compliance? 01:01:48 - How to get in touch with Sri Gandla? 01:02:14 - Free Resources from the Note Queen.

Today's episode features an interview with real estate investor, Al Curiel, who specializes in performing notes. The interview covers Al's background in real estate, his decision to focus on notes, and how he scales his note investing business.  -------------------------------------------------------------- Al's Real Estate Journey [00:01:03] Investing in Notes [00:03:33] Avatar and Mentorship Program [00:05:38] Building a Virtual Assistant System [00:08:29] Scaling with Trial and Error [00:10:08] Getting Meaningful Deal Flow in the Note Space [00:13:37] Buying Non-Performing Notes [00:16:58] Pricing Changes in Non-Performing Notes [00:19:17] Rehabbing Strategies for Non-Performing Notes [00:21:40] -------------------------------------------------------------- Connect with Al: Web: www.AssociatesinRealEstateHoldings.com Email: info@associatesandrealestateholdings.com   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Al Curiel (00:00:00) - I don't want to be a process junkie, right? I, I do what I do best, which is raising capital, talking to customers, shaking hands, and kissing babies sort of thing. Um, the, the, the, the other stuff, the day-to-day grind, I lead to someone that is going to be managed by a supervisor that is going to give me results at the end of the day, at the end of the week, at the end of the month. And we compare those in a gigantic spreadsheet as to what our production goals are for that specific quarter.   Intro (00:00:28) - Welcome to the How to Scale commercial real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:42) - Al Curiel is a real estate investor that focuses on performing notes, and he also has a mentorship program that focuses on investing in real estate using the power of meditation. Al, welcome to the show.   Al Curiel (00:00:53) - Thank you, Sam. Good to be here.   Sam Wilson (00:00:54) - Absolutely. Al the pleasures mine. There are three questions I ask every guest who comes in the show in 90 seconds or less. Can you tell me where did you start? Where are you now, and how did you get there?   Al Curiel (00:01:03) - Started back in 19 90, 83 when I was, uh, 22 years old. Started with my first, uh, building, uh, it was a rental building, and, uh, I learned quickly that, uh, you need a whole lot more than just money to, uh, to succeed. And, um, my brother and I started the business. We, uh, survived through some of the corrections and, uh, eventually became wholesalers fixed and flippers, renters and all that stuff. And then finally in 2008, as a result of the waterfall from the 2008 debacle of the, uh, subprime market, we started focusing on performing and unperforming notes.   Sam Wilson (00:01:45) - Wow. So you've been in real estate. Gosh, you're going on four decades at this point. That's   Al Curiel (00:01:50) - Exactly right. I hate to admit it, Sam, but that's exactly right. .   Sam Wilson (00:01:53) - Hey, luck to you. Some people, some people don't make it that long, so, you know, there, there, there is that bright side to it. Um, but you've seen a lot. I mean, you've seen the savings in loan crisis. You've seen the.com bust. You've seen the oh eight crisis and now on, on the verge of who knows what right now, uh, just we see banks starting to collapse and things like that. So, I, I, I don't wanna dig in too far really into each of those sections. We just don't have time on the podcast. I'd love to hear kind of all the different things that you've done in that, but tell me why you do what you do now. I know we talked about this a little bit off air, and you kind of gave me some insight into the mess versus message or mess being your message sort of thing. So if you don't mind, give us some insight on that.   Al Curiel (00:02:36) - Not at all. I'll try to be as brief as, as I can, given the, the time constraints that we have, Sam. But basically what happened was I, being in, in so many markets and seeing so many adjustments, I couldn't tell, I didn't have a, a, a, a crystal ball to predict the future. But I certainly had a rear view mirror to see where he had been with, as you mentioned, the, the, the, the dark, uh, Monday of October 29th, 1989, that what happened in, with the doc, with the, uh, Y2K anticipation, with the savings and loans collapsing and, uh, now the 2008, nine and 10 issues with, with subprime markets, that made me realize that I was not gonna have time to recover from what I had seen in the past. So I decided to research for something else. And that's when I discovered that, uh, uh, the passive income that you realized from investing in performing and unperforming notes is where it's at.   Al Curiel (00:03:33) - Um, and that was a result of, of, again, what happened in 2008. Um, so they had, they had, they had the fallout of that mess still happening. Now you have Covid that happened in 2020. So we had a revival of that. You had the waterfall of 2008 that was still not resolved. The world stops, but commerce didn't stop. Commerce continued to work. So you had the supply supply chain issue. You had the perfect storm of covid and then the fallout of 2008. So what was gonna happen to all that inventory of, of properties? And the answer was in the banks inventory that were not being sold. So we did some research. My brother decided, you know, he's had a family, so he says he couldn't, he couldn't withstand the rigors of, and the stress of, of not having inventory to flip. So I, I did it along and, and, uh, I discovered that investing in notes was a lot easier than investing in, in fixed and flipping, because you can make money with a pen instead of swinging a hammer. Right. And that's what bedwin focus in for the last, uh, well now 10 years now.   Sam Wilson (00:04:40) - Wow. That's really, really cool. And are you buying just performing or performing and non-performing nodes?   Al Curiel (00:04:46) - We, yeah, we, we, we purchase a performing notes for our P portfolio. We pur we purchase those for our retirement. Hmm. Um, through your, through our, our Roth IRAs and the nonperforming notes, we rehab, we rehab them. Just like you can rehab a house, you can rehab a loan, right? Um, you can, you have three, three different ways of, of rehabbing, quote unquote a loan. And, uh, those we sell to our customers by way of partials. So let's just say, Sam, for instance, you have a, I bought, I buy a 30, 30 year loan from, let's just say Bank of America. Bank of America, send me a loan that is not performing. I buy it at a discount. I fixed it a little bit, and then I flip it to Sam. So outta that 30 year loan, I sell Sam 10 years. At the end of the 11th, uh, month, the 11th year, the, the note comes back to me.   Al Curiel (00:05:38) - So why do I do that? Two things. I share the risk with my customer and, uh, the customer gets the truly passive income that he wants for a certain period of time while he tries it out. If he likes it, he'll continue on with it. If he doesn't, we part company friends and everything is cool. So that's our mantra, that's our model. Um, my avatar, our personal avatar is as I, I told you before, the, the start of the show, uh, is somebody in, at or near retirement age that has three concerns. His health not of living his income and, uh, establishing a legacy for his descendants and his descendants. So that, that was my, that was my issue. So I figured that this is something that most people in my age group would, would probably want to hear about. And that's what we created the mentorship program.   Sam Wilson (00:06:27) - Yeah, I mean, cuz I, I can only imagine, you know, I think you shared, I don't know if you said your, your age here on the show, or you told me that beforehand, but either way, you know, you know who your avatar is and you know what their concerns are mm-hmm.  and I would imagine mm-hmm. , the, the, the note space is something that, like you said, you can, you can make money with a pen, not with a hammer. And the person in your, your avatar. That's, that's   Al Curiel (00:06:52) - I'm 62, Sam, I'm full disclosure. I'm 62. I'm not afraid to say it.   Sam Wilson (00:06:55) - You're not afraid to say it. Great. I didn't, I didn't wanna I didn't wanna, you know, air your dirty laundry. No, I'm joking. It's not dirty laundry , uh, here on the show. But I think that's a really powerful thing cuz you, you've defined who your avatar is and what it is that they need. And I think so many people haven't, especially as we are raising capital as we are doing deals, don't necessarily know who our investor base is necessarily. They haven't figured out what their areas of concern are, and then they can't appropriately bring a product necessarily to market that that particular person may need. Tell me, I I guess from a more, more, um, just just the nuts and bolts of what you do, how, how do you scale the node investing business?   Al Curiel (00:07:37) - We have, um, I, I reali initially it was just a one minute operation, right Sam, and then with the editor of my brother, after we, we decided that our spark company, because we ran out of inventories and we found ourselves empty handed after 89, after 2000, he just couldn't stand it. So he says, we have no inventory. What, what now Einstein? And I said, I says, I got a family, I gotta, I got offend him. He says, okay, God bless you. Go. So I had to be a one man operation, and as I started investing in it, it was, it was just me. But as I started to get more properties and I started raising more money and I started getting more investors, then I had to seek the services of virtual, uh, assistance. So now for that, I have specific, I have, I have, I have several, um, assistant firms that, that help me with different tasks.   Al Curiel (00:08:29) - I have an acquisitions manager, I have a sales manager, I have a due diligence manager, and then I have a sales manager. Those sales, and these are people that are in the Philippines and do some of my calling. Um, I have people in India that do some of my systems and social media management. And then I have people in Jamaica that do the actual negotiations, and the sales manager is there so that I hold everyone accountable. We have meetings every Tuesday afternoon. We, uh, we find where we were last year, how many leads came in, where we're at right now, how we are in raising money and where we go next month. So we have to keep everything in a journal. And I write, I mean, I dunno if you can see, but I got back here. I got journals that go back about 35 years of everything that I do every single day of my existence. I journal every day. I meditate every day, and I draft a plan of action for how my day is gonna shape out and how it ended up looking at the end of the day. So that's keep, that keeps me focused and allows me that flexibility and the latitude to pivot if I make changes to my scaling business.   Sam Wilson (00:09:36) - Wow, that's really, really cool. I, I, I would the, the building the system with that many, uh, or building your systems around virtual assistance, I think that's one, you know, you hear a VAs handling, you know, certain repetitive tasks, data mining mm-hmm. , you know, whatever it is. But scaling it the way you have done it, it's, it sounds pretty powerful. I mean, what are, what are some of the, what are some of the tips or maybe challenges that you faced when scaling with VAs and how did you overcome those? Because I think   Al Curiel (00:10:08) - It was, it was, it was a, it was a trial and error, uh, uh, enterprise, um, uh, Sam because you, I initially started with one individual and I thought this person was going to be the be all and all. And, and it's trial and error, Sam, because sometimes they don't work out. Sometimes they do. And so what I try to do is I try to keep them motivated and have three of everything. If I have, if I have a, a solid, lemme just give it, for instance, without getting too deep in the weeds and, and bore you to death. But basically, let's just say for my due diligence, I have someone that is, uh, I got hired somebody that is really good. And then, uh, through this other website that I, that I go for Upwork or, uh, assistant.com or something like that. I get a mediocre one and then one that is, it is okay, but it's a workforce by works when he or she wants, which is not really effective.   Al Curiel (00:11:02) - So I have three of those so that I'm constantly hiring. So if the, if the bad one falls off, then I have another bank of, of of VAs that I can pick from that is going to replace the not so good one with a mediocre one. Well then if the mediocre one in the middle falls off, then I have a, a, uh, the really good one to, to replace them. And I just keep con I continue to mix an experiment with their motivation with, with what, what Dr. Their why. You gotta find out your why. And then I let 'em, and then I let 'em go with, uh, with, with what they do, always keeping them on task and always having meetings to, to hold them accountable. It was really difficult, but we had the system down really good so that I know who I can call on what task on any given day. And when you motivate 'em like that, when you keep 'em on a, on a, I don't wanna say short leash, but it is a short leash, then you know what the ex they manage your expectations and you manage theirs.   Sam Wilson (00:12:01) - Right? No, I think that's super powerful. And that's, uh, I like the, the the doing things in in in duplicate or duplicate there where if some something isn't working out, you're not dead in the water because you've put all your eggs in one basket and, and they move, you know,   Al Curiel (00:12:17) - It, it, it, it is huge when you, you know, when you realize, I mean, and I'm paying these, these folks, uh, you know, nominal amounts by, by by us compare standards. But still, nevertheless, I need the activity. I need to continue to be out there. I I don't want to be a process junkie, right? I, I do what I do best, which is raising capital, talking to customers, shaking hands and kissing babies sort of thing. Um, the, the, the, the other stuff, the day-to-day grind, I lead to someone that is going to be managed by a supervisor that is going to give me results at the end of the day, at the end of the week, at the end of the month. And we compare those in a gigantic spreadsheet as to what our production goals are for that specific quarter. And we match those. And if we need to tweak it, we tweak it.   Sam Wilson (00:13:03) - That's really, really powerful. I love, I love the thought process behind that. And also just the idea that it's trial and error. I think. So oftentimes thank you. We get right the first time where it's like, okay, we're gonna do this and this is the way we're gonna do it. Whereas it's, it's probably more of an iterative process than we want, uh, want to admit. Let's, it   Al Curiel (00:13:20) - Usually is   Sam Wilson (00:13:20) - . Let's talk a little bit about deal flow. I mean, how, how do you, uh, when it comes to the scaling side of things, how do you get meaningful deal flow in the note space? Like, who sells 'em, who buys 'em? How do you get in front of sellers? It seems like an obscure market.   Al Curiel (00:13:37) - Yeah, it is a rather obscure market. Not many people know about it. It's a specialized niche that again, was, was found through trial and error and, and just investigating. And I'm one stubborn son of a gun. I, you know, the more you tell me you can't do something, then the more I'm gonna try and, and, and prove you wrong. So that's, that's part of my stuff. That's my makeup, that's my father's teachings. And, and, and us and, and what have you. He was an entrepreneur himself, so I don't give up easily. And so I decided to look as to, into what was the problem, getting inventory of houses to rehab in 2008 and through again, research and research. And I found out that banks and hedge funds have a specific asset managers that are tasked with getting rid of, of pro inventory, of notes that they don't want, that are not working, that are not performing, or that are performing.   Al Curiel (00:14:32) - And the bank and the hedge fund needs capital to redeploy to be able to lend for cars, uh, personal items, appliances, whatever, what have you. So I decided, let's just say for instance, one day I decided to call the Bank of America, of the world the asset manager or the Wells Fargo, uh, person of the world or at digital capital hedge fund on any given day. And say, Mr. Asset Manager, this is Al Curiel from the name of my firm, blah, blah, blah. Do you have any, uh, assets that you wish to get rid of this quarter? And initially, Sam, I'm not gonna, I'm not gonna sugar code. It, it was, it was a lot of rejection. They didn't know me from Adam, but I stayed consistent. I decided when it was a good time to call, I ne I decided, hmm, let, let's be smart here about this curio, I don't call on Monday.   Al Curiel (00:15:17) - I didn't call on Tuesday, I didn't call on Wednesday. I started to call them when the week was kind of dying down Thursday and Friday at two o'clock, they're more likely to pick up the phone. So I started establishing more dialogue. So after a, you established report, more dialogue, then one day, one day, Sam boom, I got an inventory of 20 non-performing loans. And lucky for me, I was able, I had capital that I had raced before that I was able to buy in bulk. So now I have a set of 20, 20 a list, or what they call a tape, I don't know what they call it, a tape. It's a spreadsheet of 20 loans. And they said, all right, pick whatever you want here and uh, if you want to buy 'em all, we'll give you a greater discount then buying on a per piece basis.   Al Curiel (00:16:03) - I, we'll sell you the case and you can sell 'em off by the bottom. I said, okay. So I, I had enough, I had enough of a discount built into it because we're still talking 2008 when you can get a hundred thousand dollars loan for $13,000. I was able to do that. I bought all 20 of 'em. I established a rapport with that company. All I need is five. All I need is five for the number of investors that I have. So I established rapport with another one and another one and another one. And that's how the scaling came about. I'm, I'm, I'm giving you the Reader's Digest version of it. It's this lot more that goes into it, Sam, but for our purposes, that's basically how it happened.   Sam Wilson (00:16:41) - That's, that's really, really fascinating cuz that, that was gonna be one of my questions was when you're dealing with Wells Fargo, bank of America, I mean they, I can't imagine that they'd wanna sell one at a time loans off. That's, that just seems just not, it's not the way they're gonna do business.   Al Curiel (00:16:58) - Correct. They don't, um, and they give you, when, when those asset managers, those asset managers are people like you and me, they get up in the morning, they have families they have to feed, and they have quotas to get rid of loans that they need to get rid of. And if they don't, there's hell to be paid, right? So, uh, it, it behooves them to work with as many investors and to show how these investor, how serious these fit investors are. So if they offer me a bulk of a, a a lot of twin 25, whatever, maybe commercial loans, I have to have enough backing meaning capital so that I can build my credibility, continue to keep that credibility so that, uh, the inventory keeps coming. So that's why on the, you have to anticipate, you have to plan how much money you're gonna raise before you approach these people.   Al Curiel (00:17:46) - And, and I'm just using the example of, of Bank of America, regional banks are very good for that. Regional banks sell assets that, that sweet, that sweet spot for us is anything between 25 and $120,000. Hmm. Right. That's our sweet spot. That, and you find those mostly in the Rust Bell states. Right? All right. It's hard for investors in New York and in California to re to get their minds wrapped around the low ban assets in those states. And I'm talking about Michigan, I'm talking about Indiana, I'm talking about Ohio, maybe some Georgia, maybe some South Carolina, and definitely some Texas. And so I can get an answer again, to give an example, to be very simple about it, a hundred thousand dollars loan that I can now I can, I can pick up for about maybe 40 cents on the dollar.   Sam Wilson (00:18:37) - Wow.   Al Curiel (00:18:38) - So, you know, when I, when I have these people in, in San Francisco, the investors in San Francisco were in mailbox is $150,000 . Right? I mean, they, you can see how there's like, oh, okay, well then I don't have to, I don't have to deal with toilets trash or non paying tenants. Right? I can be the owner, I can take the place of the bank, be the bank, right, and not worry about servicing anything. And I get the monthly income. All I get, all I get is a servicing company that is going to allocate your escrows your taxes and your insurance. And then the difference goes in Pocket National Bank every month.   Sam Wilson (00:19:17) - How th this is really fascinating. And I, and I love, uh, I love personally the, uh, non-performing note strategy. I think that's, that's, it's a great one. It's, it's where there's opportunity, I think still. And I'm, I'm invested as a passive investor, uh, in some other non-performing note funds. Even one I think's spaced outta your hometown there in Chicago. Um, okay. But, but the, how, I guess, how has that pricing changed? I know you mentioned before and you said maybe in 2008, like 10 to 20% maybe was the range that you were buying those on, and now you're saying it's, you can still pick up NPNs in the 40%.   Al Curiel (00:19:54) - 40%. Yeah. And the reason for that is because now, now that it's, now that the catch outta the back, so to speak, it's a sexy thing to invest in. Now most people are now finding out about non-performing notes, right? As you get more demand, the pr obviously the price goes up, right? So that's, uh, that's what happened. But with volume, with volume now you continue to have the discount. So I'm beginning to see those, it, it used to be 65 to 75% for non-performing known. Now they're, they're coming down to like 55, 45, 40, 40, 40 cents on a dollar. That's how I'm able to get 'em. Um, but initially in 2008 they were, because they were virtually unknown by anybody, right? Um, that this discounts were greater. But now with, with time or more invest investors being involved, more mentorship programs out there, more gurus teaching this kind of thing, it's become more of a, of a, of a, of a sexy thing to invest in.   Al Curiel (00:20:50) - And not as readily available as, as it was. But still, you can make very, very healthy, very healthy returns. And the, if I may share with the, with the group, what, what with your group, what, what some of those Strat rehabbing strategies are. Yeah. One is to modify the loan. Yep. Um, if, if you can modify the loan and, and if the person loses his job, person stops paying his mortgage for a variety of reasons, not the least of which is divorce, loss of a job, loss of some kind of loss of income, right? But they, they, they love the house. They, you know, they, you see flowers are on the flower bed and mama don't wanna move, right? She just wants to do whatever they want, whatever they need to do to make it. That's, that's number one thing. So you modify the loan, even though they get a job at a lesser paying thing, you can reduce the mortgage, you can reduce the interest rate, you can modify it, period.   Al Curiel (00:21:40) - The other thing is, if, if they, if they modify the loan and they are still not able to, um, to pay it, then I like to be really tough on the problem and soft on the people, Sam. So I say, why don't we part friends? You know, you've clearly you've been, we've tried this modification of the loan, you can't pay it. Um, I'll tell you what I'll do. I will not report those, those four or five months that you're behind to the credit bureau. I will back up the U-Haul. You put all your stuff in there, you leave the house just as clean as when Bank of America or Wells Fargo sold it to you when you got your loan. And upon inspection, if everything is, is copacetic, I'll drop you a check for a thousand dollars. You gimme the keys, you gimme the deed, and we're we're good. Right? That's,   Sam Wilson (00:22:26) - They avoid a foreclosure on the record that way.   Al Curiel (00:22:29) - It's a deed and lie. Exactly right. Cash for key de and lie. That's what they foreclosure. And there's no deficiencies that I de demand. So we all, we we leave in good. He's, he has a chance to start life, I knew. And the third thing, which is more, the more drastic, uh, uh, measure is, is foreclosure. Um, and that, for that, and that is the reason why I do not buy in judicial states. Judicial states like Illinois. I do not buy in my own backyard because in Illinois, foreclosing on somebody is gonna take me about 298 days. I can't afford that. Cuz I deal with the velocity of money with my investors. They can't sit there waiting for their money to be, to be, to be returned. Right? So I go to non-judicial states like again, Texas, um, uh, Michigan, Indiana, even though it's, it's traditional non-judicial, there's special ways that you can do to, to speed up the process. Georgia and one of the car Carolinas, that's where we focus our investments in. And, uh, so that's, that's how we are able to, to scale how you were to rehab the loans. And, um, if somebody's not paying, I'm taking it all the way to foreclosure, I can wait no more than 120 days.   Sam Wilson (00:23:37) - That's fantastic. Al I'm I, I got about 25 more questions for you. We're at the end of the show. This has been absolutely fascinating. I love your strategy. I love the way you do it. You've shared with us systems, you've shared with us the value of non-performing notes. You've shared with us the ability, a a and kind of the mindset behind finding who your investor avatar is and how you solve their problems. If our listeners wanna get in touch with you or learn more about you, or maybe even the notes that you guys are working on right now, what is the best way to do that?   Al Curiel (00:24:05) - You can contact, uh, our website. You take a look at our website, it's Associates and real estate holdings.com. I know it's a long one, but it's Associates and Real estate holdings.com. Or you can, uh, uh, get a, on our, our list, it's info at associates and real estate holdings.com, we're gonna have our, our our first, uh, three day, uh, event coming up at the end of of May. So if anybody wants to get details, they can find 'em at info.   Sam Wilson (00:24:32) - Fantastic. We'll make sure we include that all there in the show notes. Al thank you again for coming on the show today. I do appreciate it,   Al Curiel (00:24:38) - Sam. Take care.   Sam Wilson (00:24:40) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can, do me a favor and subscribe and leave us a review on Apple Podcast, Spotify, Google Podcast, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Today's Flash Back Friday Episode is from Episode #294, which originally aired on October 26, 2020. This week's episode of the Real Estate Investing for Cashflow Podcast features Brian Hamrick. Brian is the owner of Hamrick Investment Group, which controls over $32 Million in assets, including Multifamily and apartments, Self-Storage, Office, and performing and Non-Performing Notes. Brian currently asset manages 370 apartment units in Grand Rapids Michigan and successfully transitioned from his W-2 job to full-time real estate investing in 2014. In addition to his real estate endeavors, Brian also hosts a popular real estate investing podcast which can be found on iTunes and all other listening platforms. Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Note Investors Dave Putz and Nathan Turner sit down and discuss the differences on bidding on performing and non-performing notes. What exits they are concerned with and what to watch out for. Watch this video on Youtube: Watch Video Our new Website Updated Tools, Resources, Bid Calculator, Education and over 100 assets for sale #noteinvesting #mortgagenotes #investor #mortgagenote #realestate #realestateinvestor Visit our website, follow us on social, join our Note Investing Facebook group, or listen to our Note Investing Podcast! Links Website: https://www.jkpholdings.com 5/10 Week Class: https://jkpholdings.com/note-investing/note-investing-junior-mastermind/ Podcast: https://jkpholdings.com/podcasts/ Beginner Series: https://www.jkpholdings.com/beginner-series/ Youtube Channel: https://www.youtube.com/c/JKPholdingsllc?sub_confirmation=1 SOCIAL MEDIA FB Group: https://www.facebook.com/groups/EastCoastDistressedNoteInvesting/ Facebook: https://www.facebook.com/JKPHoldings/ Linkedin: https://www.linkedin.com/company/jkp-holdings-llc --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/jkp-holdings/message Support this podcast: https://anchor.fm/jkp-holdings/support

Can you imagine what it's like $20 million dollars just when you're starting to perform well in real estate? Paige Panzarello went through this ordeal in 2007, and it almost ended her real estate career. But now she's bouncing back and she's doing well with passive cash flow. And she's doing it with non-performing notes! Listen to this episode as Paige tells it all to Moneeka Sawyer.Love the show? Subscribe, rate, review, and share! https://blissfulinvestor.com/podcast/

This week's episode with the So Cal real estate market report. Join Shelley as she lays out the latest market data and trends for the region. In Systems, Synergy, and Networks Essential for Success, we are joined by Dr. Devaughn Dames. He discusses with Saeed his experience in building real estate infrastructure that is focused on acquiring property. In M&M for Everyone, we are joined by the founders of The Paper Source, Bill and Allison Mencarrow. They continue Bill's discussion from last week by detailing methods of finding notes. They also explain the crucial difference between performing and non-performing notes. Head over to https://papersourceseminars.com/ to sign up for their annual convention happening this week in Las Vegas from May 12th - 14th! Enter code MORE to get $50 off your ticket. Don't miss our upcoming online events! Sign up for free at moreandmorenetwork.com to attend. Wednesday, May 18th: Coach Devaughn Dames' workshop at 12 pm PST on Zoom Every 1st, 2nd and 3rd Wednesday of the month: M&M Coaches Corner Workshop

This note buying panel discussion was recorded during RPOA's 2022 conference. We were joined by two incredible experts who helped us understand the difference between performing and non-performing notes, the challenges of investing in notes, and specific examples of wins & losses. After the discussion, we opened up the floor for Q&A from the audience. I'd like to introduce our experts… Donna Bauer Donna Bauer is a trainer and coach who has done every type of real estate transaction: buying, selling, leasing—everything having to do with real property. She's also done every type of note deal whether it be performing, non-performing, seller-financed or anything in-between, and she will tell you that hands-down she prefers paper over property any day of the week. Gene Chandler Gene has 48 years of real estate investing experience and is the asset manager for Chandler & Chandler Financial, which specializes in buying one-off and large and small pools of distressed assets directly from banks, hedge funds, and private equity groups. Gene currently asset manages over $3.5 million in performing and non-performing notes. Full disclosure: Gene and I have invested in many notes together and have experienced a few losses, as well as a few grand slam homeruns. Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

Self-directed IRA: How to use in real estate, qualifications, and investment optionsThings that people should know about UBITHow Secured Investment Corp helps investors in funding deals and its value in the marketPerforming vs. non-performing notesMajor advantages of investing in non-performing notes The Life & Money Show Spotlight:Your Life & Money: What is one thing you're doing to live a meaningful and intentional life by design?Other's Life and Money: What is one life or money hack that you can share that will make an impact in others' lives right now? Life & Money in the World: What's the one thing you're doing right now to make the world a better place? ABOUT HEATHER DREVESHeather Dreves is the Director of Funding at Secured Investment Corp. She is a tenured employee that has worked in the Private Money Industry for over 15 years and held her Series 63 license. Heather has been directly involved in the sale of over 75 million dollars in Trust Deed Mortgages and raised over 10 million in Secured Investment Corps High Yield Equity Funds. She has had experience in assisting underwriting and managing the Cogo and Servicing team in addition to Investor Relations. CONNECT WITH HEATHERWebsite: Secured Investment CorpEmail: hdreves@securedinvestmentcorp.comPhone: 800-971-5988 (Ext. 1402) To connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!

Start Your Free Account Today: http://pstac.co/ytpodIn this episode, we talk about the things you need to do when wanting to purchase non-performing notes. From taxes to foundation issues - if you're wanting to buy non-performing notes, you'll want to listen to this episode. For more videos on mortgage note & real estate investing SUBSCRIBE to our channel: https://www.youtube.com/paperstac?sub_confirmation=1Press the bell icon to get notified of when our new videos are published._______________________________________________________Follow Us On These Platforms:Facebook: https://pstac.co/facebookLinkedin: https://pstac.co/linkedinTwitter:  https://pstac.co/twitter

Title: Pursuing Real Estate without Sacrificing Your Personal Life with Susan Elliot   After a decade spent as a whitewater kayak guide and Engineer, Susan had her own financial breakthrough that led her to real estate investing. Finding her freedom further sucked away as a landlord, she transitioned into Notes, specifically the value-add strategy in Non-Performing Notes. She and her partners founded Flow State Investing to help others access this little-known world of real estate and the risk mitigation and positive-impact potential that comes with it. Susan is committed to helping others build wealth without sacrificing their bucket list and the dream life they envision.   Let's tune in to her story!   [00:01 - 08:10] Opening Segment Get to know my guest, Susan Elliot Deep connection with yourself through deep experiences Undeniable about making money Susan is a River Engineer Investing bringing two worlds together Suffocating work life    [08:11 - 23:44] Susan's Adventurous Life What drawn Susan into Real Estate Susan's thirst for Real Estate knowledge The level of freedom while doing Real Estate The fire movement - your financial freedom number Investments on Stock Market and Real Estate Let's hear about Susan's transition  Susan realizing she can do more Notes is the asset class that fit the missing piece in Susan's life How does being a Kayaker and an Athlete help Susan's Real Estate career Is Susan's career and personal life hard to balance?   [23:45 - 26:11] Closing Segment  Final Words Connect with my guest, Susan, in the links below   Tweetable Quotes   “I do think that it's incredibly valuable work, but for me, I need a little bit more of human interaction, and Real Estate has been a great way for me to work with really amazing teams, talk to investors, help share the potential of investing with other people and guide them through that process.” - Susan Elliot   “I do see that being tied 40 hours in the Engineering world felt suffocating to me a little bit.” - Susan Elliot   “Real Estate is a hard asset.” - Susan Elliot ------------------------------------------------------------------------   You can email Susan at susan@flowstateinvesting.com, and follow her LinkedIn, Facebook and Instagram accounts @flow.state.investing and @sheseeksflow Subscribe to her YouTube channel https://www.youtube.com/channel/UCPGgzV38vjcZeLh-_rCneTA WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email sujata@luxe-cap.com    Visit my website www.luxe-cap.com or my Youtube channel Thanks for tuning in!     If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Join the Carolina Capital team every Thursday at 1 pm Eastern for the Passive Accredited Investor Show! This week Bill Fairman, Wendy Sweet & Jonathan Davis are joined by the CEO of NNG Capital Fund, Fuquan Bilal to discuss mortgage notes and why buying second mortgage non-performing notes is a great investment opportunity. Fuquan Bilal The company's CEO, founded NNG in 2012 with the principal mission of capitalizing on the growing supply of mortgage notes in the interbank marketplace. Mr. Bilal utilizes his 21 years of residential and commercial real estate success to identify real estate opportunities and capitalize on them. To date, he has successfully managed three private mortgage note funds that primarily invest in single-family performing and non-performing mortgage notes. His financial acumen and proprietary set of investment criteria enable him to purchase under-performing real estate assets at a deep discount of face and market values, thereby increasing the value of the assets. This, coupled with his ability to maximize the use of leverage, enables him to build strong, secured portfolios with solid passive income flows. Fuquan effectively hedges investors' risk by spreading their investment across a portfolio of alternative assets that diversify and stabilize the fund's return and valuation. https://nngcapitalfund.com/   Timestamps: 0:01 - Introduction: “Would you buy a non-performing, second mortgage note? ” 1:43 - https;//www.CarolinaHardMoney.com 1:59 - https://calendly.com/wendysweet/wednesdays-with-wendy 2:44 - https://www.WizeWomenExpo.com/Home - Oct 22nd & 23rd (Short-term Rentals) 3:54 - Today's guest: Fuquan Bilal, CEO of NNG Capital Fund 5:08 - Purchasing Second Mortgage Non-performing Notes 7:45 - What is the game plan when buying Second Mortgage Non-performing Notes? 9:24 - You don't have to do borrow management when you buy a second mortgage 13:55 - Is there more inventory available for mortgage notes? 15:59 - Different assets of NNG Capital Fund 17:58 - Two Types of Tax Sales 20:18 - NNG Capital Fund's mission 21:23 - The NNG Capital Fund 24:55 - Are you accepting investors in NNG Capital Fund? 26:09 - Disclaimer 26:58 - What do you see in the future, increasing values in properties or a real estate collapse? 29:10 - Get connected with Fuquan Bilal - https://www.NNGCapitalFund.com Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well). As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management. Listen to our Podcast: https://thealternativeinvestor.libsyn.com/ Visit our website: https://carolinahardmoney.com YouTube Channel: https://www.youtube.com/channel/UCYzCFOvEt2n9TchgECLwpww/ Facebook: https://www.facebook.com/CarolinaHardMoney/

Normally, Brian Lauchner hosts our NSTV and focuses on letting our guests share their wisdom. But today, Brian is our guest! He shares his story of how he was suddenly axed from his job at a software company, with one young child and another on the way. He had to make some serious decisions fast, so he jumped into real estate investing. His early efforts focused on wholesaling and rehabbing.   But when he realized he spent most of his time driving from property to property and having difficulties with contractors, he shifted to focus on notes. His story is very relatable to anyone who is considering a career change or is wondering about why notes make such a great investment career.   Timestamps:  0:01 - “When you missed the last MPL non-performing loan opportunity then you are given a chance to get it back ” 0:35 - https://www.NoteSchool.com/TV   2:57 - Latest news with Joe Varnadore 3:48 - Fannie Mae Nearly Doubles Home Price Growth Forecast 4:32 - The 2021 Hottest Zip Codes In America 6:27 - Special guest for today: Brian Lauchner 7:15 - The Secret Origin of Brian Lauchner's Real Estate Businesses 12:28 - Is the non-performing market a “now” thing? 13:37 - Brian Lauchner's new non-performing note deal 17:02 - Non-performing notes & bankruptcy 18:46 - Is there a downside in non-performing notes? 22:45 - The objective is to use turn-over as much as possible to earn more profit 25:00 - Brian's biggest pain point on flipping houses  26:05 - It is possible to raise the money! 28:05 - How Brian Lauchnerraise money 29:07 - Notes Direct & Feeding Frenzy Friday 28:26 - Feeding Frenzy Friday - https://www.NoteSchool.com/FFF 30:54 - https://www.NoteSchool.com/tv   31:52 - After-Party! Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/live-classes/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://www.facebook.com/thenoteschool https://www.linkedin.com/company/noteschool/ https://www.linkedin.com/company/colonial-funding-group-llc/ https://twitter.com/thenoteschool https://www.instagram.com/thenoteauthority/ https://noteschool.libsyn.com/rss https://www.stitcher.com/s?fid=582689&refid=stpr #NoteSchool #EddieSpeed #RealEstate #MortgageNote

The current real estate industry is thriving due to limited inventory. But there's a massive shadow inventory of properties that most people don't see coming. The coming tidal wave of inventory is being driven by a huge backlog of delinquencies and foreclosures that will eventually hit the market.   Our guest this week, Chaz Guinn of Revolve Capital Group, shares his special insights into the surprisingly high levels of delinquencies, and the surprisingly high quality of the properties attached to these loans. Better yet, he joins Eddie Speed and Joe Varnadore to share their wisdom on investors can clean up by investing in non-performing loans.   Chaz Guinn is the Co-Founder and Chief ExecutiveOfficer of Revolve Capital Group. Since 2008, Chaz has built and developed multiple real estate investment firms that specialize in purchasing, managing, and selling 1st lien Non-Performing and Re-Performing mortgage debt, backed by single-family homes.   A market-maker in bringing Institutional and Wall Street investments to main street investors. Having acquired over $1 billion directly from Tier 1 banks, Investment Banks, Large Real Estate Funds, GSE's, and Servicers.   Having structured, negotiated, and raised over $200M from high-net-worth Accredited investors and Family offices. Chaz is educating a new wave of capital, coming into the market that traditionally invested into fix and flips, rentals, the stock market, commercial properties, multi-family, hospitality, and senior housing.   Combining his education in both Finance and Economics, creating long-term cash-flow and rental properties through the acquisition of mortgage debt has been the mission driving the growth of Revolve Capital Group. Since 2018, Revolve has acquired over $100M in real estate and expanded operations to Dallas TX, New Jersey, and Tampa, FL. Timestamps:  0:01 - “ It's not every day that you get to meet a big hedge fund manager especially announcing a huge trade! ” 0:30 - https://www.NoteSchool.com/TV   1:51 - Lates news with Joe Varnadore 2:25 - CDC Issues New Eviction Ban Effective Through Oct 3 3:03 - Purchases of Luxury Homes Surge 88.2% Year Over Year  4:11 - The NoteSchool Founder & Visionary - Eddie Speed 6:00 - Today's guest: Chaz Guinn 6:58 - The origin of Chaz Guinn 12:47 - Eddie mentions a student that Chaz Guinn helped get started in the note business. 14:08 - Eddie Speed & Chaz Guinn are talking about the legacy product 18:18 - 5.5 million loans delinquent loans pre-covid 22:03 - Know the market statistics to be prepared for the market opportunity 23:31 - The value of the collateral is excessively different than a lot of the non-performing notes that we saw come through in the last cycle. - E.S. 27:34 - Chaz Guinn talks about a non-performing note that they bought in Lake Forrest Illinois 29:54 - Notes Direct & Feeding Frenzy Friday 30:34 - Feeding Frenzy Friday - https://www.NoteSchool.com/FFF 31:07 - https://www.NoteSchool.com  31:37 - After-Party! Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/live-classes/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://www.facebook.com/thenoteschool https://www.linkedin.com/company/noteschool/ https://www.linkedin.com/company/colonial-funding-group-llc/ https://twitter.com/thenoteschool https://www.instagram.com/thenoteauthority/ https://noteschool.libsyn.com/rss https://www.stitcher.com/s?fid=582689&refid=stpr #NoteSchool #EddieSpeed #RealEstate #MortgageNote

Susan Elliot grew up in a typical suburban setting until one day when she was exposed to river rafting. From that moment, the world opened up to her. She discovered a passion which led her to become a whitewater kayak instructor and river guide. After traveling the world, living full-time in an RV with her husband, writing a book, and working as a River Restoration Engineer, Susan made another discovery. This time it was a world of financial freedom that opened up to her. Susan uses real estate by investing in Non-Performing Notes as a means to provide her family with financial stability and security. She and her partners founded Flow State Investing to help others access this little-known world of real estate and the potential that comes with it.    Listen in to learn: How to turn your passion into your dream job How real estate investing can help you take control over your money and future What Note Investing, a little-known niche in real estate, actually is    Links https://flowstateinvesting.com/ https://www.famvestor.com/084

Do you want to broaden your knowledge on the process of note investing? In this episode, Dan Deppen reviews two recent deals that went through the foreclosure process and resulted in the sale of the property. Both were also delayed due to a delaying tactic. Learn how the timeline for nonperforming notes can get longer than you would expect and how to navigate some of the legal hurdles and issues with city code enforcement that can come up in these deals. Love the show? Subscribe, rate, review, and share! Here's How » Join the The Note Investor Community today: fusionnotes.com

The stock market is at record highs. Bitcoin is as volatile as can be. Some housing markets are hyperinflating. Housing supplies are still down. The news outlets have no clue what's really going on. Join Eddie Speed and Bob Repass live on Wednesday, April 28th at 11:05 am CT as they share with you the latest  “ Note Industry Update”. Bob Repass is the Managing Director of  Colonial Funding Group, LLC., where he shares overall responsibility for the management of the firm. In his role as Managing Director, Mr. Repass' primary focus includes investor relations and regulatory compliance.   Bob is a 25-year veteran and expert in the seller finance mortgage and distressed asset industry. Over the course of his career, he has purchased over 40,000 performing and non-performing mortgage loans totaling over $2 billion dollars in volume, giving him an unparalleled track record in the industry. What You Will Learn: - What's going on right now in the Real Estate, Mortgage and Note Business - Listen to Eddie & Bob discuss what the current trends are showing investors - Why Non-Performing Notes will again be the new REO (Real Estate Owned) as far as discounted pricing - What to expect in the coming months NSTV Timestamp: For Review 0:01 -  “ What is going on in the notes and real estate market?' 0:17 - Introduction 1:40 - Latest News 2:41 -  Lakeside Idaho City is America's Hottest Market in New WSJ/Resltor.com Index 4:08 - What is Preventing Homeowners from Selling? 5:30 - Mr. Eddie Speed - The Visionary & Founder of Noteschool 6:21 - Eddie Speed's Note Industry Update 7:04 - What's Great?! 7:21 - The Stock Market Surges 8:00 - The Housing Market 9:15 - From Redfin - 46%  0f Pending Sales Under Contract Within One Week 9:46 - From Redfin - 45% of Houses are Selling Above List  10: 22 - From Redfin - Sales-to-List Price Ratio Climbing Past 100% 10:57 - Cities with the Most Competitive Buyers 13:01 - “Fear Of Missing Out” 13:45 - What's Not So Good - Becoming the Problem Solver 14:16 - Lumber Prices 15:30 - Mortgage Credit Availability Index 16:37 -The Wall Street Journal - Lenders are Tightening Standards 17:50 -Creative Financing fills the Gap 18:38 - Home Flipping Market Hits Four-Year Low 19:35 - Who owns rent houses? 22:42 - Non-Performing Notes are Becoming a Big Thing 23:28 -Summary: What's Great & What's Not?! 25:10 - Slide presentation “The Market Beyond the Mask” available at: https://www.Info@NoteSchool.com -   25:45 - “I Don't Have a Crystal Ball But I Do Have A Rearview Mirror” - E. Speed 27:51 - Feeding Frenzy Friday  29:00 - https://www.NoteSchool.com/TV 30:27 - After-Party! 31:01 - Eddie Speed - https://www.NoteSchool.com 34:45 - 9% of all mortgaged homes in default or forbearance, what was the statistics prior to 2008? 38:28 - Best advice for making money today and money tomorrow. “Take what the market is giving us within the “framework” that we control as an investor” Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/live-classes/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://www.facebook.com/thenoteschool https://www.linkedin.com/company/noteschool/ https://www.linkedin.com/company/colonial-funding-group-llc/ https://twitter.com/thenoteschool https://www.instagram.com/thenoteauthority/ https://noteschool.libsyn.com/rss https://www.stitcher.com/s?fid=582689&refid=stpr #NoteSchool #EddieSpeed #RealEstate #MortgageNotes

Join Daniel Nickles and Chris Thompson with their guest Susan Elliott of Flowstate Investing. They talk about what notes are, note investing, performing and non-performing notes, and how notes greatly diversify investing strategies. In this episode, Susan shares how her expertise with kayaking equipped her with skills she was able to transfer to real estate investing. Particularly with notes –a niche that has helped her team discretely provide impact and value to persons and families. Where buyers struggle to pay their mortgage, Flowstate Investing comes in to purchase notes, refinancing strategies, restructure payment plans, etc. For Susan, being a notes investor is almost like being a bank. In this episode you will learn: From river engineering to real estate note investing. How my former role helped me with real estate – on skills and nature. What is a note, and why note investing? The pros and cons of note investing. What to expect when investing in notes. About Susan Elliott: After a decade spent as an international whitewater kayak instructor, Susan discovered the hidden world of Performing and Non-Performing Notes and their incredible wealth-building potential. With Flow State Investing, she helps other investors get more time back and build passive cash flow to pursue their bucket list instead of the next rung in the career ladder. Susan thrives on communicating intimidating and detailed plans to anyone. She accredits this skill to years working as an adventure guide as well as a River Restoration Engineer. From presenting a detailed financial model to leading a team down a remote river canyon, she seeks to connect with individuals in a way that helps them realize their own strengths. Today, she helps connect investors with amplified returns through Note partnerships and investments so that they never have to become a landlord (a role she also currently plays and is strategizing her exit plan). Susan also co-manages a suite of Short Term Rental properties in the epic Columbia River Gorge.   Connect with Susan Elliott on: Website:              https://flowstateinvesting.com/ LinkedIn:             https://www.linkedin.com/company/flow-state-investing/ Facebook:           https://www.facebook.com/flowstateinvesting                                 https://www.facebook.com/smhollings Instagram:          https://www.instagram.com/flow.state.investing/ https://www.instagram.com/sheseeksflow/ Email:       susan@flowstateinvesting.com   Connect with Two Smart Assets on:   Website:              https://twosmartassets.com/ Facebook:           https://www.facebook.com/TwoSmartAssets/ Instagram:          https://www.instagram.com/twosmartassets/ YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw   ✅Check out our free apartment syndication sample deal: https://twosmartassets.com/sample-deal-form  

My guest today is known to the world as “the Canadian Note Guy”.  After running several businesses including Fix & Flip Real Estate, he discovered notes in 2009 and has since become an industry leader in the private investment sector. His company is Earnest Inc, where he actively manages assets with a focus on non-performing 1st lien mortgages and contract for deeds in the U.S. Nathan’s specialties include raising private capital, analyzing assets, and developing systems and strategies to accommodate an ever-changing market.  He’s successfully bought and sold hundreds of loans and properties. Today Nathan is going to introduce us to the note investing world, explain the differences between a qualifying mortgage, contract for deed, and land contract, and walk us through the math on how to analyze the returns on a note and the data points an investor must know to be successful. Nathan also shares some great stories of his successes and challenges, including a buckling basement that caused a buyer to back out of one of his deals.  You can contact Nathan by email: nathan@canadiannoteguy.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com    

Have you ever seen a ‘poor' bank? We haven't. What if you could be the bank? What opportunities would that open up for you? Joining us this week: Ben Haught, Hammelmyer Investment Group & NoteSchool, started investing in 2005 and has built his own successful Note Investment Company (and Bank) using Burnt Out Landlord Capital (by focusing on one very specific market). Ben shares the benefits of secured cash flow or quick lump sums by investing without the traditional real estate headaches. If you do what everyone else does, you'll get what everyone else does. And that's not a good thing. Timestamp: 0:01 - Teaser: “Can You Really Build Your Bank?” 0:16 - Introduction 1:50 - Latest News 3:12 - Why America's Housing Market has never Been Weirder? - Atlantic Magazine 4:46 - Here's What NoteSchool Tv Knows 7:01 - Biggest Pile Cash Ever! - Assets In Money-Markets Funds 8:54 - Today's guest: Ben Haught 10:07 - Secret Origin of Ben Haught at Hammelmyer 13:49 - Ben's Business Model 19:53 - The Process of Building Your Own Bank 23:28 - Deals: 5 Performing Notes & 2 Non-Performing Notes 24:27 - The Numbers 30:45 - Feeding Frenzy Friday 32:59 - Previous Live Shows: www.NoteSchool.com/LiveTV 33:25 - After-Party 33:57 - Ben's advice for people who are starting out to follow Ben's business model. 35:17 - How to be the bank? 36:47 - What's the most important thing to talk about with the investors? 39:14 - What do I tell any prospective investor if asked how much experience I have in note investing being that I am new at this business? 41:17 - FAQ By New Investors - What's My Money Doing Today? 46:16 - Special Guest for next week: Martha Speed Landlords are burning out. Tenants are behind on rent payments. Toilets are backing up. Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/3-day-classes/pop/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://youtube.com/c/noteschool https://www.noteschool.com/ Feeding Frenzy Friday - https://www.youtube.com/playlist?list=PLlnRAH9r5oIEKBJjHoOgZbGZexoOl1s6H #NoteSchool #EddieSpeed #RealEstate #MortgageNotes

Building Wealth One Asset At A Time with Guest Joe KingFounder of Revival Brothers, Joe King discusses how he grew his business into a multifaceted buyer and seller of distressed assets. Revival Brothers is a real estate investment company specializing in the acquisition, management and disposition of residential, 1st position, loans (notes) and rehab projects. RB's mission is to rebuild and revitalize blighted neighborhoods and families throughout the USA. Revival Brothers are known for their IPA or Ideal Profit Analyzer, a spreadsheet based calculator that can analyze and manage the investment performance of Non-Performing Notes or REO's against multiple exit strategies. Joe discusses opportunities around the country and the future of distressed asset purchases Learn more about your ad choices. Visit megaphone.fm/adchoices

This week's episode of the Real Estate Investing for Cashflow Podcast features Brian Hamrick.& Brian Hamrick is the owner of Hamrick Investment Group, which controls over $32 Million in assets, including Multifamily and apartments, Self-Storage, Office, and performing and Non-Performing Notes. Brian currently asset manages 370 apartment units in Grand Rapids Michigan and successfully transitioned from his W-2 job to full-time real estate investing in 2014. In addition to his real estate endeavors, Brian also hosts a popular real estate investing podcast which can be found on iTunes and all other listening platforms. Quotes: “So, I had all this money that was sitting in a bank account and I realized; I don’t know what to do with this. I didn’t even know what a Mutual Fund was at the time and I was 30 years old. So, I just starting learning and investigating.”   So, automating it really just made things so much easier, streamlined everything, and now we don’t need to have anyone on site except maybe a couple times a week to make sure it’s clean and sweep out empty units.   Highlights:   :40- Brian's background 9:28- Brian tells us what his favorite market is 15:27- Brian talks about if his new model is scalable and replicable   22:11- Brian gives his opinion on foreclosures and non-performing notes skyrocketing as a result of the pandemic   26:15- Brian tells us what asset classes he thinks will thrive in the pandemic    30:53- Brian tells us about a bad deal he had and how he got through it       www.higinvestor.com   Learn About Investment and Partnership Opportunities with Kevin and His Team

Today in Noteschool, Brian Lauchner, Eddie Speed with their special guest Joe Varnadore, talk about the Non-Performing Loan Side of the Business. Joe is a veteran for over 30 years in the Note business, an absolute pro. The questions for this topic are: Is it back? What does it look like? Where is the opportunity? And most importantly, why is it probably the absolute game-changer for your business? To learn more about their thoughts about Non-Performing Notes, watch the video. The “Shadow Inventory” The “Piper” Will Have to be Paid When Will We See This Inventory Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about NoteSchool and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/3-day-classes/pop/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://youtube.com/c/noteschool #NoteSchool #EddieSpeed #RealEstate #MortgageNotes

Investing in Performing or Non-Performing Notes can yield incredibly lucrative results for those who know what they're doing.  But if you are a beginner there will be many pitfalls and challenges you'll need to overcome in order to be successful.  Back in February 2020 at the RPOA Annual Conference we held an expert panel roundtable to discuss best practices and the situations note investors should avoid.  You'll enjoy hearing our expert's many stories and examples, as well as their greatest hits & losses. Donna Bauer is a trainer and coach who has done every type of real estate transaction: buying, selling, leasing – everything having to do with real property.  She’s also done every type of note deal whether it be performing, non-performing, seller-financed or anything in-between, and she will tell you that hands-down she prefers paper over property any day of the week.   Gene Chandler has 46 years of real estate investing experience and is the asset manager for Chandler & Chandler Financial, which specializes in buying one-off and large & small pools of distressed assets directly from banks, hedge funds, and private equity groups. Kyle Zimpleman is also a note investor with a mission of helping distressed home-owners stay in their homes.  Kyle is the President & CEO of Expand Capital Group and purchases distressed mortgages throughout the U.S.  He’s also started a fund to help passive investors invest in this space.  Kyle was a guest on episode #151.

The further up we go in the tiers of business, the more important the recruiting piece becomes. If we want to keep growing, recruiting has to be a priority. As we grow and scale, recruiting needs to become part of our lead generation system.  A successful recruiting system doesn’t happen overnight, it’s a process that we need to be consistent and focused on so we can weave it into every aspect of our business.  Why is recruiting a paramount skill we need to have over the next few years? What retention mistakes are we making and how can we solve them? In this episode, coaches and business owners Grant Wortman and Long Doan talk about recruiting and how to make it a priority in our businesses.  You have to be unbelievably crystal clear about what you have to offer, where you’re going and where an agent can fit in. -Grant Wortman  Three Things You’ll Learn In This Episode  The Power of a Unique Recruiting Proposition (URP)People need to be aware of where they fit into what we’re doing and what we’re building. If not, whatever offer we give them just won’t be compelling and attractive enough.  How to attract recruits through what matters to themWhen you provide enough value to your recruits, and care about helping them find their purpose and achieve their big why, details like splits and money become secondary.   Why we shouldn’t take people leaving our teams personally Don’t look for people to stay with your team forever, but also be open for them to leave and even come back. Expect a certain amount of attrition and turnover as a natural part of growing and scaling your business.   Guest Bio Long Doan is a real estate coach and broker/CEO of the Long Doan team at RG Realty Group. He has been in the real estate industry for 25 years. As the top 1% Agent in Minnesota and in the country, he has a proven track record. His company is one of the fastest growing real estate brokerages in Minnesota, providing a full-service real estate brokerage where they handle all types of real estate transactions, ranging from Traditional to Luxury, Short Sales to Bank Owned, Investments to Non-Performing Notes acquisition, Property Management to Rentals, and Commercial to Businesses.    Grant is the broker owner at Chamberlain Realty. Grant has been serving clients realty needs since 2008. He's been intimately involved in many facets of the real estate industry. As a former professional home inspector, property manager, amateur home flipper and media producer, he has the ability to see things others may not and market properties in unique and effective ways. Grant began selling homes in 2015 and quickly became among the top 10% of real estate agents across the nation based on gross annual sales. He opened Chamberlain Realty LLC in 2017 with a passion to provide the best listing services in the OKC Metro area. Sign up for a Long and Grant’s 2 Day Intensive Ridiculous Recruiting Workshop LIVE ONLINE on June 18th and 19th here.

No matter how long you have been in the note investing game, there will always be deals that come with unexpected twists that will blow up your mind. In this episode, Dan Deppen goes through a case study on a non-performing note that turned into a seller finance deal. He follows the deal through several twists and turns including a failed forbearance agreement, a cash for keys deal, a borrower who doesn't leave when he is supposed to, becoming a renter, and finally selling the property and creating a new mortgage. In the end, Dan made a sizeable profit with this deal, but he had to go through a lot of challenges, learning valuable lessons along the way. Grab a seat, listen, and learn from his experience. Love the show? Subscribe, rate, review, and share! Here's How » Join the The Note Investor Community today: fusionnotes.com

What are notes? Well, for simplicity, let’s call them mortgages. You owe the lender money when you take out a mortgage. However, that lender can sell that mortgage to someone else. That’s what it means to buy or sell a note. Notes can be performing or non-performing. Non-performing notes are simply those that have had […] The post 207: Non-Performing Notes in a Non-Performing Economy with Jorge Newbery appeared first on Wealth Formula.

Paige Panzarello was looking for ways to build passive income in the real estate game and discovered an often-overlooked asset class that is related to real estate: Promissory Notes. Today, she leverages her experience founding and running residential and commercial construction and acquisition companies, tax deeds/liens investing, and residential flips into building a non-performing notes business, acquiring over $150 million in real estate transactions to date. In today's episode, Paige shares her real estate journey from losing $20 million and almost quitting to getting back in the real estate game and building more success than before by becoming laser-focused on non-performing notes.

UNDERSTANDING NON-PERFORMING NOTES | HHB PODCAST #78 --- Send in a voice message: https://anchor.fm/charles-weinraub/message

Scott Carson has been an active real estate investor since 2002 and has focused on the distressed mortgage and note industry since 2008.Scott is the CEO of WeCloseNotes.com and has purchased over a 1,000 plus deals worth over a Billion dollars in distressed debt. He's been featured in Investor's Business Daily, The Wall Street Journal and Inc.com. He is based out of Austin, TX. Topics Covered: Explaining non-performing notes Knowing your financial thresholds Finding special asset managers and secondary marketing managers How to target bigger banks Resources: DistressPro and FDIC.gov for banks' quarterly reports How to build relationships with banks Always have a 3rd party servicer involved Always get eyes on an asset first Nuggets of Wealth 
What is a good tool, source, or platform that you use almost daily that can also help others? Whitepages.com CRM tool, Mailchimp, Infusionsoft What advice would you give to new investors looking to get into the note biz? Get educated What book are you currently reading? Evergreen Profits Where do you see yourself and your company in the next 5 years? Living somewhere tropical 100%, sitting on a beach At the end of your life, how do you want to be remembered? Someone who helped create millionaires. Scott, where can Commit to Wealth nation go to find out more about note buying and reach out to you? www.weclosenotes.com Here is the direct link to your interview. https://podcasts.apple.com/us/podcast/ctw-094-scott-carson-turning-non-performing-notes-into/id1349432166?i=1000429954295

Jason Hartman begins today's show giving an update on the state of foreign buying in the US real estate market. Playing a clip from Lawrence Yung, Chief Economist at the National Association of Realtors, and commenting on where the money is flowing from and where it's headed to, and how it compares to last year. Then Jason talks with DeAnn O'Donovan, former President & CEO of AHP Servicing and former Executive VP and Chief Administrative Officer of Wintrust Mortgage, about the practice of investing in non-performing notes and loans. DenAnn explains what she looks for when considering investing in loans, what positions she's comfortable taking, and where you can still find deals in today's marketplace. Key Takeaways: [2:46] Is the United States market becoming less attractive to international buyers? [7:26] The top 2 countries investing in US real estate are China and Canada. China accounted for $13 billion of US real estate purchases, Canada $7 billion DeAnn O'Donovan Interview: [13:39] Does it matter whether you're in first or second lien position? [17:32] Where do you find the deals in today's market? [27:54] Are there multiple categories of servicers available? Website: www.JasonHartman.com/Properties DeAnn O'Donovan on LinkedIn

Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for over 20 years, Paige has been successful in completing over $150 million in real estate transactions to date. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens, and she currently focused on Non-Performing Notes that she purchases all across the United States. She has been a regularly featured guest on “The Cashflow Guys” podcast, and you can also find her on the “The Note Closers Show”, “Cashflow Ninja”, “Secrets to Real Estate Investing” and “Real Estate Investor Goddesses” podcasts, to name a few. Paige is a Founding Member of WREN, the Women's Real Estate Network, which currently has chapters across the West coast, and is expanding rapidly across the United States. Paige teaches the “Building Wealth with Notes” Workshop that drills down into the details of how to buy Non-Performing Notes, what to look for, due diligence to perform, and how to mitigate risk. Whether it is improving communities one house at a time, helping borrowers stay in their homes, or working with other investors to learn a new way to potentially earn higher investment dollars for their retirement years, Paige is dedicated to helping people improve their lives in every way. She lives by the motto, “People first, profit second.” On today's episode, we cover a ton with Paige, including: How to come back from a HUGE loss (and a HUGE learning experience) Getting clear on your “WHAT” vs your “WHY” What is Note Investing? The leverage of “non performing” notes Why due diligence is everything in real estate investing Why Note Investing is BETTER than other forms of investing Resources/Books mentioned in the show: Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napolean Hill Learn more about Paige and her resources: www.cashflowchick.com Check out Paige's Phenomenal “Building Wealth through Note Investing” Workshop Paige knows her stuff! You need to consider joining her three day interactive, hands-on training workshop in Simi Valley, CA. November 9th, 10th and 11th. Check it out here (includes a $100 discount!): cashflowchick.com/friend InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below! Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's REI Classroom Lesson Today, Scott Carson enlightens us about the 3 reasons why non-performing notes perform really well. REI Classroom Summary From the amount of inventory to the price, there are clear benefits to investing with non-performing notes.

Today's REI Classroom Lesson Today, Scott Carson enlightens us about the 3 reasons why non-performing notes perform really well. REI Classroom Summary From the amount of inventory to the price, there are clear benefits to investing with non-performing notes.

What is a note and why would you want to invest in them?  John and Wynde lay it all out in this informative episode.

Scott discusses about owner financed notes, both performing notes and non-performing notes and how he build his company to the level it did

Scott Carson enlightens us about the 3 reasons why non-performing notes perform really well.

Selling in a Skirt with Judy Hoberman with her guest Tevis Verrett & Jim Jones Tevis Verrett began operations after the crash of the Housing Market November 5, 2010. By trade, I am a Commercial Banker, writing paper with a ceiling of $15MM. My mission as my 'brother's keeper' is the The Note Empire. We have developed seminars to teach people how to become the banker and teaching mom-and-pop investors about the state of the economy and the coming housing correction. As a lucrative hedge for that coming correction, we teach how to get started investing in interest bearing securitized vehicles (Collateralized Debt Obligations and Credit Default Swaps) as well as originating performing, and purchasing Sub-Performing, & Non Performing Notes. We teach Financial Literacy to the new investor in Banking, Credit Wealth, and Notes. Jim Jones is a visionary leader with an eye for emerging markets in a changing healthcare environment. Through Jim's 30 years in the insurance and healthcare business, he has developed a business model that integrates insurance products and healthcare services for individuals and small businesses to manage their costs and coverage with customized plan options. Jim is Co-Founder and President of Wellspring Benefits Group, LLC, located in Colleyville, TX. Jim has been a regular guest on Salem Communications and The Blaze radio networks through an embedded, educational dialogue with nationally syndicated radio talk show hosts providing Americans with practical solutions to managing their healthcare costs. Wellspring Benefits Group utilizes various media outlets to brand and position the company as a market leader in serving middle-class America with affordable healthcare solutions.