Podcasts about note buying

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Play Episode Listen Later Jun 15, 2022

bauer note buying

The Note Buying Business with Scott Carson

CashFlow Pro

Play Episode Listen Later May 7, 2022 35:55

In this episode of Cash Flow Pro, we learn about the note buying a business with Scott Carson. Scott is the founder and CEO of We Close Notes, a Texas-based real estate investment company. We Close Notes' goal is to buy distressed residential and commercial properties from banks and hedge funds. Scott has been doing this for 17 years, and together with his investors, they have managed to purchase over $50M in assets in the past 18 months. Today, we will understand what it takes to buy notes, the process, and how you could get started on this real estate path. In this episode, we discuss: • What is the note buying business, and how did COVID affect it? • Tracking payments and working with servicing companies • The process of buying notes • Understanding what belongs to you and what belongs to the borrowerIf you are interested in learning how to start buying notes, tune in on this episode to find out more! Find your flow, Casey Brown Resources mentioned in this podcast: 1. http://WeCloseNotes.com 2. https://www.linkedin.com/in/1scottcarson/

128: Note Buying Can Generate Huge Returns in Any Asset Class or Market

Street Smart Success

Play Episode Listen Later Mar 1, 2022 51:29

When it comes to investing in Real Estate, there's more ways to do it than directly buying properties. One way is to invest in notes and not have to deal with renting out and maintaining properties and dealing with tenants. Today's guest, Scott Carson, owner and managing member of WeCloseNotes.com, an Austin based, defaulted note buying company, has made a phenomenal career out of investing in notes since 2008 and has helped thousands of others learn about the note business. Scott is also a nationally known radio personality and podcast host.

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New and Profitable Note Buying Trend

Real Estate Without Renters with Kevin Shortle

Play Episode Listen Later Nov 19, 2021 28:25

Love the show? Subscribe, rate, review, and share! https://www.kevinshortle.com/podcasts/Working with clients and reviewing assets every day gives Kevin a unique insight into industry trends. In this episode, Kevin will outline a new trend that will appeal to real estate and real estate note investors.Want to talk with Kevin? visit my website, send me an email and I will send you my scheduler.

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5 Top Ways to Invest in Real Estate

Fearless Innovator

Play Episode Listen Later Oct 14, 2021 8:10

Today's I'm going to review several ways you can invest in real estate but first. I want you to know that investing in real estate is NOT a get rich quick scheme. It takes loads of time and financial education and constant learning to stay on top of all the changes and all the pivoting going on in the market. I will cover Note Buying, Private Lending, Rentals, Flipping, Short Term Rentals Here are a couple of other things to consider. What's your age? I've had several retirement aged people ask me this very question. Hey, I'm getting ready to retire and I want to invest in real estate. What should I do? Of course, I'd have to dig into their specific situation but on the surface, starting to invest in real estate at retirement, right after you've quit your job or closed down your business and you intend on living off of social security – this would be a disaster situation. However, I'm sure there may be some who have built up nest eggs, in that case it may be plausible for someone to invest in real estate especially if they do not intend on living off of their nest egg while it works for you. If you fall into this category, then perhaps you invest in something like Note buying or private lending if with a return on your money and you can sit back and watch it grow. If you have money sitting in an old IRA that's not doing well, you may consider moving it into a self-directed IRA and putting it to work by buying real estate or partnering with an investor that would offer you a decent return on your money? There are qualified note buyers in the market – just do your homework before partnering or your homework if you seek to do this on your own. Private Lending is also a viable option. This is where you can lend your money to another investor to partner on a short term (less than 1 year) or a long-term deal that may have higher yields. You can do this inside a Self-Directed IRA or money that you have in a underperforming savings account at less than 1%. The interest rates will vary based on the real estate transaction. There are always people looking to find individuals that have money sitting around doing nothing but gaining 1% on their money. *Another warning – there are risks involved in both of these so be sure to use a seasoned real estate attorney to secure your position. That leads me to Risk Tolerance! What's your risk tolerance? If you have a high-risk tolerance and you want to be involved in the process, in other words you want a J.O.B, perhaps flipping is a good mechanism for you? Why is flipping high risk? Several reasons – 1) The purchase of the home is where you make your money. If you buy this home too high you've already lost the game. How you purchase a home at the right price is another episode, but typically a great deal can be made when negotiating with the seller directly. 2). Budget – determine what your budget for the rehab is before you purchase the home. It's best to bring your contractor to the home prior to purchase to determine all costs – there is such a thing as scope creep – a Project Management term which means you budgeted for the 6ft panel door but decided you liked the look of the new sliding barn doors because you think the house will sell for much more. Not so much! 3). Timeline – If you just borrowed hard money with 4 points at 10% interest you are now paying a lot of money on a monthly basis to borrow this money. The name of this game is get in, get it done and get out in the least amount of time as possible! Why? You're now paying a high monthly mortgage payment; you're paying Insurance costs and property taxes all considered as holding costs. People forget about these costs! OH, and let's not forget how fluid the real estate market can be. Let's say you entered into this flip the market was moving along great, but then 4 months later the market starts to soften and now you thought you were going to sell at $185,000 just became $165,000 – there goes your profit! Passive Income Do you want to earn passive income while you're still working? Passive income is income that requires minimal labor to earn and maintain, this can equate to rental properties. There are other options but this one most can relate to. Why do you want passive income? 1). Your renter pays off the good debt(mortgage) for you. 2) You're taxed at a lower rate on income taxes. 3) Depending on your lifestyle, you could determine how many rentals it would take to get you out of the rat race – which means you could quit your J.O.B. Another passive income idea is Short Term Rentals – The income you receive monthly is considered passive. Perhaps, you have an extra room to rent. Great – there is a little work required to get the room furnished and then setup on your choice of Short-Term Rental platforms and if you use a service, there's little to no work on your part, but collecting a paycheck. You can even have a Short-Term Rental out of state. I did this in Gatlinburg, TN from Florida. I did have a few hiccups in the beginning but then I got them all ironed out. How much money would you be willing to invest? *Warning – do not use your nest egg to begin investing. I had a small amount of money sitting in my Self-Directed IRA and I thought for sure, I'd have a hard time finding anyone that was willing to take such a small amount. I was wrong, I found a guy in my network that's using the money towards expenses on a flip and he's giving me a great return on my money, even better he's going to continue to use my money for 5 more years. When it's due he puts my initial investment plus the interest back into my retirement account. I'm 57 now, so in 5 years I'm closer to retirement, and maybe then I'll take it out and use it but for now it's baking! I've just covered the surface on ways to invest in real estate. It's clearly up to you how much work you want to put into it, how much you have to invest and what your risk tolerances are. In the end, you weigh your options and then dive in! While I'm on my 3-month adventure in my RV, I'm out riding around my home state of Iowa looking at Freedom Rocks, but my real estate business is on auto pilot and I'm producing income If you want to know how, reach me at www.fearlessinnovator.com or you can now listen to me on the Fearless Innovator Podcast. I can be found on Apple Podcast, Spotify and YouTube!

Understanding Note Buying, with Martin Saenz

Real Estate Risk Report

Play Episode Listen Later Jun 23, 2021 33:53

Martin Saenz from BeQuest Funds joins Lance to discuss how he ventured into the real estate space and how that eventually led to forming BeQuest Funds. After some soul searching, Martin explains how purpose and conviction play a massive role in the success of their business. Note buying is a unique asset class, and Martin seeks to educate passive investors on how this asset class can be a lucrative endeavor.

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Automating the Note Buying Process; Improve your Process

The Joe Robert Show

Play Episode Listen Later Dec 22, 2020 42:36

Analyzing all the Tapes you receive while doing due diligence in the note buying process can be overwhelming, and often lead to minor mistakes that can cost you. Have you ever wondered how much easier the process would be if it was automated for you in a program? David Putz has done just that with his company JKP Holdings. He is going to tell you how his system can improve your processes and ability to source notes. If you are a seasoned note investor you know what a big deal this opportunity is. If you are looking into becoming a note investor you are going to want to get in on this process. Contact David to learn more at dputz@jkpholdings.com Connect with Joe Robert: www.JoeRobert.com Find him on all social platforms at @JoeMRobert Enjoyed the podcast? Be sure to subscribe on Apple Podcasts and leave a review. We love to hear your feedback and please share this with others who would benefit.

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The Note Buying Business with Ellis San Jose and Martin Saenz of @Note Investing Made Easier #DDRE13

Data Driven Real Estate

Play Episode Play 60 sec Highlight Listen Later Sep 25, 2020 66:03 Transcription Available

Ellis San Jose is Director at The Note Guys and Group Leader for Real Estate 360. He is a full-time residential and commercial real estate investor and co-founder and leader of For Investors By Investors (FIBI). Martin Saenz is a Managing Partner of Bequest Funds, a national mortgage investment company with the dual purpose of helping investors grow their wealth and helping mortgage borrowers stay in their homes. He runs Note Investing Made Easier.

EP246 Note Buying & Selling Tips from the RPOA Expert Panel with Donna Bauer, Gene Chandler, & Kyle Zimpleman

Rental Property Owner & Real Estate Investor Podcast

Play Episode Listen Later Sep 21, 2020 51:09

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.

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Episode 88: The Good, The Bad and The Ugly of Note Buying with Chris Seveney

Leafy Podcast

Play Episode Listen Later Jul 20, 2020 33:21

Today on the Leafy Podcast, Chris Seveney sits down with our Leafy hosts to educate all of us on the ins and outs of real estate note investing. As a real estate professional for more than 20 years and having developed over $750M in real estate, Chris is known for honesty, integrity, professionalism, passion, and tenacity in all his dealings. Chris shares with us his note investing knowledge of investing in first position performing and non-performing notes. He has been able to build his note investing portfolio to over $5M and his overall real estate portfolio to over $7M. Chris cautions us to make sure the paperwork is in order and properly transferred when the property was bought and sold before investing in the note. Also make sure you are buying occupied properties over vacant properties. If you have people in the house, you become the lender and not the owner to have to sell the vacant house. Chris also explains the benefits of note buys; one perk is you don’t have to worry about tenants, since you are the mortgage company, you won’t be called on for maintenance issues and other property rental difficulties. On the other hand, some pitfalls are that you don’t get to walk through a house before buying the note, and Chris tells us a few instances of the bizarre properties he’s invested. In parting, Chris tells us to network and get to know people in the note investing business and be patient, it is a long term game. The first 2 years expect to reinvest in your note investing business, then it becomes good cash flow. To find Chris Seveney, visit: Chris’s Website: 7einvestments.comChris’s Facebook group: https://www.facebook.com/groups/101028197428726/Good Deeds Note Investing Podcast: https://podcasts.apple.com/us/podcast/good-deeds-note-investing-podcast/id1442697566 Episode Notes: Speaker 1 0:00 Welcome to the Leafy Podcast, helping real estate investors and entrepreneurs grow. Say hello to your hosts, Jennifer Gilgoric and Brian Price, founders of Leafy Legal Services. Teaching you how to protect your assets, grow your business and manage your wealth. Let's start the show. Speaker 2 0:18 Hi, everyone. Welcome to Leafy Podcast. I'm Tammy, your podcast manager. Thank you so much for joining us today. Today, we've got both of our awesome hosts on the line with us. We've got Jennifer Gilgoric and Brian Price from Leafy Legal Services. And they have another interesting guest for us today with an awesome interview. So I'm gonna pass it on to them so we can get started. Hey, Brian, and Jennifer, how's it going? Speaker 3 0:42 Good. It's hot here today. I was just griping about how hot it was. But now it's gonna get even hotter because we've got this really amazing guest. So the person that we're talking to today has been in has been a professional real estate for more than 20 years in real estate and development. In fact, they've developed over 750 million dollars worth of real estate. But they're also a note investor on the side. And their portfolio is now over 7 million. And currently, they're a director and so they're working. So this is going to hit home to a lot of us. They've got their nine to five, right? They're working as a director in a real estate development firm. But then they've also been building this really incredible, credible note business on the side. So I want us to give a great big round of applause to Chris Seveney. And Chris, welcome to the show. And it was seven, like the number seveneinvestments.com. Chris Seveney. Welcome to the show, Chris. Speaker 4 1:41 Thank you. Thank you for having me on. I'm excited to be on today and share a little bit of our story and let people know what we do. Speaker 5 1:50 Awesome. Great. Yeah. Welcome, Chris. So yeah, why don't we get straight into it? It's like with note investing, you know, what is it and how did you get started? Speaker 4 1:58 Yeah, so most people don't even know this exists. That's the unique thing. And it's I was in real estate for close to 20 years, and I didn't know it existed. And in a nutshell, what it is, is you're buying loans from the bank. So many of us own a home. And many of us have mortgages on a home. And essentially, your mortgage gets sold off. And a lot of banks don't hold them, they sell them to government entities. But a lot of times, especially from a decade ago, these loans when people stopped paying, the government sold them off to hedge funds and eventually make their way down to main stream investors like myself, so we're not actually buying the property. We're buying the loans or we're like a lender is really how it works in a nutshell. Speaker 3 2:44 Do you have to get certified to do note investing or what do you have to do to be able to be a note investor? Speaker 4 2:49 So in certain states, you do need licensing. But what's interesting is, most of these states and government entities never envisioned that oans will get sold off like they do. So banks play by a completely different set of rules than us have investors do. Because also, it's our money and our debt. It's not like institutional money or government money, where you have to play by a lot of rules. So it's kind of like you lending you know, your cousin, 50 bucks. There's certain rules you got to follow. But, you know, we still have to follow a lot of the laws with like Dodd Frank, which came out a decade ago, but for most part, you know, certain states you need licensing other states. You don't it's really a state by state thing. Speaker 3 3:35 Well, but you said the people aren't paying on the note. So how are you going to make money if no one's paying on the note, like explain that for the people who are like what? Speaker 4 3:44 Yeah, that's kind of the first question is what is note investing the second person after they hear that is, why would you buy something somebody isn't paying on? And a great example would be, say there's a property worth, you know, $100,000 They owe $100,000 on the property as well, and it fluctuates. Sometimes they're underwater, meaning they owe more. And sometimes they may have some equity. Typically, you're buying it at a discount. So I'm buying, I may buy that loan anywhere from maybe 40 to $60,000. So you're paying, you know, 50% discount, and that person may be a year behind. And we've got a lot more flexibility. You know, if that person wants to stay in that property, it's always best to try and keep them in the property and work it out and be like, okay, you know, you've your $10,000 past, do you know what's modified alone, get you paying again, and then get that payment stream to get them back on track. And then once they're back on track, you know, you can turn around and maybe sell that to another investor at 70 cents on the dollar, for example, or 80 cents on the dollar. So, you know, it's really because you're buying it at a discount is where you can make that money. Unfortunately times you may have to foreclose on the asset. In those instances, you got to make sure that your acquisition plus all your legal expenses are less than what you can sell it for. So if it does sell, and you have to take the property and be a property owner, you're selling it for more than you happen to it. Speaker 5 5:19 Okay, so what if the note closes? Or the note defaults, then you actually own the asset? Speaker 4 5:25 If you take it through the legal process? Yes. Speaker 5 5:29 Okay. Speaker 4 5:29 Yeah. It's not something that we don't like to do. And I would say on typically it's under 10%, I'd say would be the amount of times we have to take it through fruition legal. Sometimes people may need a nudge by having the attorney send them a letter and then usually that brings them to the table. Speaker 5 5:49 Got it. And then when it comes to you'll finding these these notes and such you know, how do you know what what would be a good thing to look at versus something that is is likely not gonna, you know, is gonna foreclose you're gonna be underwater with? Speaker 4 6:04 Yeah, so it's very so first question is, you know where are you kind of find these things and it's about relationships with kind of hedge funds and people who sell these, there's it's not a, you know, it's not a big crowd, it's kind of like you know your high school click of people who are involved in the industry and everybody knows everybody. And you know, some people may bounce from one company to the other from some of the larger firms. But then knowing what to look at, there's really, you know, two, two paths you go down. One is, so I'll mention I invest in first mortgages because people can have lines of credit and so forth, which that's a whole we could spend hours talking about that but so, you know, with the first mortgage, you know, the first thing you're concerned about is the property its value and its condition because you don't want to pay for a note, that's, you know, paying more than what the property is worth because you're going to get yourself in trouble. So that's one is getting that understanding. But the challenge with it is the risk is, you know, if you can only drive by the property, you know, I can't go knock on your door and say, hey, let me in. I'm your lender, I want to see where you inside your house looks like, you know, you'll be like, get the hell out of here. And especially, you know, if somebody's not paying the mortgage, typically their house is not going to have you know, brand new flooring, kitchen appliances and going to look like Cinderella's castle. So you got to kind of weigh that aspect of it and kind of go from there. And the other is the loan itself and making sure that the paperwork is in order. Meaning that if it's been sold, I know many people have heard about the robo signers from like a decade ago. And so you need to make sure that it was properly transferred throughout selling because what happened decades ago, people are just signing for other people and stuff and it's fraud and you got to make sure kind of the path that it's been sold has been, it's like when you buy a house, you know, for title insurance, they would go back and check the history to make sure everything's okay. It's kind of that's what you're doing is I'm running a title search on the property to make sure everything was done properly. Speaker 3 8:15 So how did somebody with a civil engineering degree end up doing this? Which seems so heavy finance and mortgages and stuff like that? If you can do it, that means like, other people can do it, too. So what was the how did you stumble into this from what you were doing with your with your degree? And it's like you how did you even figure this one out? Speaker 4 8:36 Yeah, so my steps were, I went from civil engineer to working for a general contractor overseeing construction projects, to getting burnt out to working for a real estate development firm, who people are much more entrepreneurial and a lot of them have rentals and other properties. My wife and I, we built our primary residence. In perfect timing. We had a lot have equity in it because we act as a con the general contractor, then we went and bought two rentals that needed to be rehabbed. And after rehabbing two rentals, she looked at me and we looked at each other and said, Okay, that's enough. Speaker 3 9:14 Work. Yeah, Speaker 4 9:15 yeah. So we were spending, I mean, the weekends away from the kids, you know, and so forth, trying to make sure they're getting done and honestly, personally wasn't worth it. So she was like, okay, that's enough. So I'm like, okay, I gotta figure out something I can do. In my wife's in finance, and at the time, I started going back to school and getting a master's in real estate finance. And I stumbled upon this on a website called BiggerPockets. And basically somebody who's like, well, you can do this at night, you don't have to go visit the properties. You know, in Washington, DC, if you want to buy a property, it hits the market, like you have to be at that showing like in an hour or it's gone and working full time with kids. We'd never get to a property in time. With this type of investing. I can you know, I get list and then they give you like a week to put in indicative bids which are really just, you know throwing it at the dartboard. If everything pans out what you'd pay, then you'd spend the time to send somebody to look at it like a realtor. you order a title report, so I never I visited, you know, have probably 300 notes, iPhone Plus or minus, I think I visited one asset, actually, is what I personally driven by out of 300. Wow. You know, and most of them are in the Midwest. So, you know, I don't know, traveled to the Midwest, for the most part. So, you know, there's one in Maryland that had gone by, so out of give you an idea, it can be done anywhere, anytime, and I literally my wife goes to bed at 930 10 I'll be up from 10 o'clock to 1130 kind of doing my thing are in first thing in the morning. So that's how I juggle everything. Yeah, that's cool. Yeah. Speaker 5 10:58 It's interesting because yeah, it It allows you to kind of expand a lot easier without having to be just, you Speaker 4 11:05 No, it does and you're not, you know, when you're the lender to, you know, somebody toilet breaks, they're not calling the property manager or calling you, you know, if you're you own your house, your toilet breaks, you don't call your mortgage company, you know, you call someone else to fix it. So it's kind of from that sense, you know, you want to make sure property is in good condition, but you don't have to deal with, you know, as we say, in the business, tenants, toilets, termites, as landlords do, Speaker 5 11:29 Right, absolutely. And then, you know, how, what are some of the pitfalls and looking at, you know, notes and even, you know, people that provide these notes and such, you know, obviously, they're keeping the best ones for themselves. So how do you find the kind of the diamond in the rough that you're looking for? Speaker 4 11:47 Yeah, so typically, though, you know, they're usually lower valued assets. And the reason why is when you think about managing these $500,000 more Judge takes the same amount of work as a $50,000 mortgage. But you know, your risk is much higher on a $500,000 mortgage. So these firms that own them, typically will keep the half million and all the 50,000 and stuff, they toss it aside because it's too much work for them, you know, because they have, you know, payroll, you know, their entities, their full fledged funds, where people like myself, you know, kind of, you know, you know, single, you know, it's it's me myself and I, you know, I can you know, profit off of those were for them, they have too much overhead. So, that's one aspect of how I can get these. The pitfalls. are, you know, the risks involved, you know, I had a property that from the outside actually looked really really nice. We thought it was occupied the guy you know, the car parked in the driveway. Lo and behold, the guy actually was living next door renting because he had a plumbing leak or a plumbing drain in the basement clogged instead Calling roto rooter for 150 bucks come fix it. You at five feet of water accumulate in his basement. Speaker 3 13:06 Oh, it's not just regular water, it's sewage water in the basement. Speaker 4 13:11 Yeah. So this house which would have was, you know, worth we would have was probably worth about 100,000 in its previous condition ended up being worth about 30 grand. Wow. Because of it. I mean, it had so much mold in this place. I mean, the ceiling fan was like, covered in mold. I mean, that he left I mean the TV in there was still it was an old tube TV was covered in mold. I mean, it was like the guy literally just was like eh, screw it and then move next door Speaker 3 13:44 And just let it rot. You'd have to, I mean, you can't fix that. You just have to let bulldoze it right. Speaker 4 13:49 Actually a contractor that I was so glad somebody finally was able to get the water out of the basement once we figured it out, which that's a whole nother story. That took forever. Actually, a guy ended up buying it. And he ended up because he worked in like, mold-hygienists type work. So he was able to do it himself. But otherwise most people would have had to bulldoze the property. Yeah. Oh, yeah. The stories like you hear and, you know, there's always multiple sides of the stories where people I'd say, treat borrowers incorrectly. And on the same token, it's like anything, there's borrowers who play the system, and do things. I mean, some of these properties. I mean, I had one where a person had nine dogs living in a house all by itself. And it just, I mean, they weren't cleaning up after. I mean, it was I mean, Speaker 3 14:45 And they lived in the house with them. Speaker 4 14:46 What's that? Speaker 3 14:47 No, they just let the dogs live there. Speaker 4 14:49 It was the dogs lived there. Yeah. Speaker 3 14:52 Well, that's dog abuse. That's horrible. And then you can't see the property. Okay, so guess that's scary. So if anybody wanted to know that's a little bit scary. How can people not get that? Speaker 4 15:03 Well, and here's the other thing too like today in today's world, you'll have cases like that and you can't do anything because I'll evicting anybody in all these states and it's carte blanche it's you know, it's you know, stuff like that so you know, what are you Speaker 3 15:21 okay so why should someone get into notes if that's really scary that makes me go oh, I handle that you know, whatever. But really if you wanted to get into notes those are few and far between you know, you get those Yeah. But what do you need to do to get started for from what you're saying I'm listening to it and I'm like, wow, there's a bit of a learning curve with this. Right so so what do you think needs to happen for that? Like how long did it take you to get the education you needed just for free? You went on BiggerPockets, you know, we love BP here. And then you what, what did you have to do to really get your first deal and figure that one out. Speaker 4 16:02 Yeah, it took me about six months. And that is probably a little accelerated compared to some other people. Because I have the real estate background and had some finance background. People sometimes will rush it and be like, Oh, I'm just gonna buy it to learn. And usually, it's, you know, they pay that price, that heavy price. You know, the biggest aspect is first understanding the lingo. Like most people don't know the difference between a mortgage and a note, you know, it's like, oh, I have a mortgage on my house. Well, you actually have a mortgage and the note, which the note is basically the loan, it's like, Hey, I'm giving you 50 bucks here, sign this piece of paper. The mortgage is actually the ball and chain that ties to the house. So if they stopped paying the loan, the mortgage is that document that says, hey, your collateral is a house, that's what I can can take from you. So most people, you know, that's the first part is understanding But that component, and then when people sell these, there's a path that happens that you kind of just need to understand the process and the players involved. That's the first step that takes probably a month or two. And then the next is really understanding the costs that are involved because it's not a one size fits all where, you know, we place a roof for the most part costs, you know, certain markets a little higher than others. But, you know, here in different states that foreclosures are very different. There's judicial, which is you go in front of a judge, then there's non judicial, which is, Hey, you know, basically it's you file a paperwork and then it's sold off in a month or two, judicial can take 18 months and cost anywhere from five to 10,000. Non judicial might cost you 2500. So, you know, if you miscalculate your costs and all the costs involved, it can be an expensive learning curve. Well, so I tell people, typically, you'll want to start, you know, taking, you know, six to 12 months. And it's challenging too, because it's like rehabbing a house, there's not a book you can go read that tells you how to rehab a house, you can understand kind of the basics of how a house works. But until you dive in, is really where you're gonna really get the most experience. So that's why we recommend a lot of people kind of team with somebody more experienced early on, to kind of use their knowledge and learn and get some mentoring from them. Speaker 3 18:31 Do you do that? Do you? Do you mentor with someone? Or do you mentor people with 70 investments now? Speaker 4 18:37 We're actually going to be rolling that out. So we have teamed with a lot of people in the past and what I've done is a lot of people that wanted to learn kind of I brought them on and you know, showed them the ropes, but it was never formal. So one of the things actually I'm in the process of doing some rebranding with the website and other things is offering kind of a management flash mentoring program for investors. Speaker 3 19:03 Yeah, because I think that they would need to, you know, and I'm in this space and I do, you know, we here legally what we do complicated things with asset protection and using the power of anonymity and legal structures and how to set up businesses and taxes, right. But even I'm listening to this going, you know, what, okay. Because how do you get the list? You know, how do you know how to vet the list? Where are you getting this list from? How do you know if a property is going to have a judicial or non judicial foreclosure? You know, those are that's a lot of stuff you have to learn. Speaker 4 19:37 Yeah, and there's a lot of players involved because you know, first and foremost, you know, your that your two number one A's and one B's are your attorney. Absolutely. So you'll want an attorney in each state that you deal with so you can pick their brain and get an understanding and, you know, hopefully you can find an attorney that is a little more flexible. And not one that builds you buy that every 10 minutes, because it gets to be a very expensive learning curve. If you know that's your $450 attorney bills on a 10 minute basis versus one that when the drive in the car may be a little more flexible with you. And the other is they come servicing companies. So those are the companies that actually collect all the payments. So I never have anybody ever send me a payment. It's all done to a third party because, you know, you got calculate late fees and deferred interest and all this other stuff that they use sophisticated software for. That's not something you want to do, because if you screw it up and you get sued, then you're going to pay a very, very heavy penalty. And also it's something again, you need to be licensed that and trained professional that does that. And it's a lot of work and it's not something somebody should be taking on Iran. Speaker 3 20:55 So someone is interested in this, but they want to avoid some fall. So we know you have to get edge educating first. But what are some of the other biggest mistakes you've seen people people make that they probably need to avoid? Speaker 4 21:11 Yeah, one is buying a note on a vacant property. You know, I had somebody call me other day, hey, I want to buy this in their last time they paid was 2010 in the property's vacant, I'm like, what do you think a property has been sitting around vacant for 10 years looks like you know, and from, you know, from that perspective, you know, I don't care what they tell you, it looks like the place is probably gonna, you know, you might as well take a bulldozer or, you know, you're gonna own that property. And most of us who are in this business have no interest in owning the property because that's why we got out of being a tenant, you know, or landlord, I'm sorry, is we'd rather just be the lender. So that's one is you know, making sure you know, you a put eyes on the property when you go to buy it. That's absolutely you know, something you want to do. If it's vacant, typically now I just walk away from the vacant properties because you just end up owning them. And it's so much headache trying to find a realtor that deals with these types of properties because there's no money in it for them, you know, when they're making 3% on, you know, a vacant property that's probably going to sell for 30 40 grand. I mean, it's not worth 1,000 bucks to them. And no, they'd rather go, especially in today's markets, and I mean, real estate still selling right now. They'd rather go sell $150,000 houses that are updated, and they can put on their website. They don't want some boarded up rundown property that's, you know, been sitting there for 10 years. Speaker 3 22:37 Oh, yeah. Not with new mortgages or having mortgage rates that are rock bottom. I mean, even now, we were talking about refinancing and I was talking to a mortgage professional, and they said, I won't even feel comfortable as a professional even offer that product. Because in I said, So what you're saying is it actually be easier for some people to get a new house rather than refinance faster. And she said, yeah, you'd actually make more more money doing that was like that is interesting as well is it's crazy times we live in and it'll change again. But that's what we're dealing with right now. So yeah. Speaker 4 23:09 No, it is it is crazy that because we fortunately have a credit union that let us refi because most of the places won't refi like, oh, you go buy new we'll finance that all day long, but we don't want to deal with a reprice. And I think Wells Fargo just came out and mentioned something that if you have a jumbo loan, you have to have a million dollar net worth to refi. Speaker 3 23:31 Yeah, yeah. It's like it's like it's like crazy. Crazy. Crazy. Crazy. So what's your what's your advice for someone who wants to enter this in start this? Speaker 4 23:42 Yeah. So three things. Typically I tell people is network, network, network. You know, that's three right there. Because there's like I said, there's not a lot of people in the business and you want to just get started to get to know people talk to people. It is a business that the term that gets tossed around a lot called Co Op petition. And because most of us are smaller investors that you know, people might buy 10, 20, you know, hundred a year in a $30 trillion industry and you know, millions millions alones it's not really difficult to have inventory for people to buy. So typically it's never me verse you on an asset, you know, if I go after an asset, someone else's and they get it, okay, great, they got it. I'll go on to the next one. So we use the term coopertition because most people like to help each other in the business because we're all basically people working nine to five are just getting going in this and I'll try to make a better life for each other and for our families or whatever it may be. So there's never any negative connotations kind of like some fix and flippers are always like, you know, after each other competing for properties. Speaker 3 24:52 Oh, yeah, you watch HGTV and they even have a competition between flippers and they are just vicious vicious bees. [Inaudible]. Speaker 4 25:01 So it's so it's little opposite in this business where people are there to help. And, you know, I recommend network and find somebody that you can talk to and just don't talk to one person talk to several people just to learn their styles. Because I mean, you know, be good at one thing, and somebody else might be very good at something else. So you can kind of take bits and pieces from people to learn and be patient. You know, it's not a business. No matter what these training gurus tell you, in every real estate venture, you want to do it, whether you're wholesaling, you're gonna make a million dollars, your first month you're flipping you're gonna make a million dollars, your first month or notes, you're not going to make a million your first month is a long term game. You know, I've been in it for years, the first two years, I really didn't make any money because I was just taking it and reinvesting it in myself and in the business. But now I've gotten to a point where, you know, we've got some nice cash flow for the next you know, 10, 20 years coming in the door that from loans that people are paying on so that's kind of, you know, the advice like typical real estate, you know, take it slow walk before you can run. Speaker 3 26:04 Yeah. Speaker 5 26:04 So it sounds like this, this kind of a investment is something that, you know, someone can do on a part time basis, even, they're just getting started that can actually scale because I know a lot of times, you know, especially coming like a flipper or something like that it becomes like a full time job pretty much from day one. So is that a fair assessment? Speaker 4 26:22 It is. And, you know, the other component to it as well is you don't need to have hundreds of thousands of dollars to get into this. You know, you can buy notes for you know, 10-20,000 you know, I recommend people about 20 grand to start getting in which, you know, in most locations, cross country that doesn't get you far, you know, or you need to go get alone, you know, to buy the property. We're here, you know, you might have, you know, a $50,000 property that maybe they owe 30,000 on it, and you can pick up that loan for maybe 13 or 15,000. And then you want to keep money of course, for legal earning, you know, some expenses usually around five to 7000 per loan. So, you know, it's something that there can be a lower barrier to entry and one place you'll see a lot of investors that come into this space are those who use their own self directed IRAs because they will invest in the notes because they can be passive and get the cash flow stream also they're not buying a property they're buying you a note where they can get in for a lower like said lower cost of entry. Speaker 3 27:30 Yeah, we have really good products that we use that are that are ours for SDRs and solo 401k is one that is very popular for our note investors and it's a smart tax strategy as well for that and so in addition to working all the time and then having a business at night that you do in the middle of night and all this you also have a podcast to the good deeds note investing pot podcast, correct, correct? Yes. Okay. Okay. So you have that okay. So if for people who are just coming in and the tail and you can of course listen to this on recordings. We have been talking to Chris Seveney. And that's S E V E N E Y. How to find him though is very easy. It is going to be seven the number seven, E like seven E, like his last name investments .com. Anyway, this is we're getting about the end of the show. Brian, did you have anything else you wanted to ask Chris? Speaker 5 28:23 About if if we were to start and you know, certain you you mentioned a number of times certain states have different laws and stuff. Are there certain states that you avoid or certain states that you try to go for when you're looking at these? notes? Speaker 3 28:37 Good question. Yes, yes. And yes. Speaker 4 28:41 Typically, the Northeast New York, New Jersey you know, those states are very difficult because a few things one is their taxes are insanely high. And what you got to remember if you're going to take a property back and make a profit We have to foreclose on it. You know, when you get it back, you know, you're gonna have to keep paying those taxes during that time. So that's one but also the legal process in those states can take years. In Georgia, for example, I had a loan where we filed for foreclosure on November 30. And the foreclosure sale was February 1, they do it on like the first Tuesday of the following two following months or something like that. It is like you blink and it's over. You know, it's like, you know, LASIK if you ever had LASIK surgery, which I had a few months ago, you know, but, you know, the those states can, they're just very, you know, difficult. They're very borrower friendly. So, typically the states I like to tell people to start in are kind of in towards the southeast, Tennessee, Missouri, Mississippi. Those are non judicial, so you know, the foreclosure can be faster, plus property prices are, you know, they're not astronomical, in most in most of those areas, you know, three bedroom, two bath house could be anywhere from, you know, 50 to 250,000. You know, if you want to get that in while I'm Northern Virginia, you know, you're at 800,000. Or if you're in New York, probably 2 million, who knows? I'm not sure. And upstate New York. So those are kind of where I shift people to start because it's little, you know, less risk involved with the legal process. Plus, you can get in better value on properties. Speaker 5 30:34 Okay. Speaker 3 30:36 Well, Chris, I want to thank you for answering all of our questions and for just bringing your expertise here. You've you've given us so much to think about. And if you want to find out more about Chris, Tammy is going to give you the information as we close the show. Thanks again, Chris, for being here with us at Leafy Podcast. Speaker 4 30:54 Thank you. Pleasure to be here. Speaker 2 30:56 Yeah. Thank you so much, Chris. And thank you, Jennifer, and Brian, for our hosts today, and I will have all of Chris's links in our show notes. So you can find us across any of the podcasting platforms and on social media, we are at Leafy Legal. And if you do have any questions that you would like me to pass on to Chris or if you have any comments about the show, please email me. That's Tammy T A M M Y, at Leafy Legal Services .com and I will get right back to you. We'd also love it if you would rate and comment us on iTunes, Stitcher, Spotify, any of those platforms. We're right there for you and we'd love to hear from you. So, thank you again, so much for listening. And we'll see you next time. Have a great day. Bye bye. Speaker 4 31:40 Thank you. Speaker 5 31:40 Thanks. Speaker 6 31:57 Attention real estate investors and auditors. bynars did you know that real estate investors are a primary target for lawsuits according to the National Survey of the court data 25% of Americans risk being sued in their lifetime. However, if you are a real estate investor you have a 95% chance of being sued in the next 20 years levy legal services helps you protect your assets in strategically grow your business and wealth leafy legal services our experts at the series LLC and Delaware statutory trust to have the newest and most ideal legal structures for real estate investors leaving legal services and the most personalized and affordable solutions for setting up LLC as property owners are always at risk when it comes to their assets. anonymity is so important. If you own just a rental house and you own your home you have to protect yourself and your properties from any potential legal issues. Leafy Legal Services have the right solutions to make sure you are happy and feel secure or they offer cost effective documentation that suits their client's needs. For each free consultation and ebook visit leafylegal services.com they are waiting to hear from you leafylegalservices.com. Follow us on Facebook, Twitter and Instagram Speaker 2 33:17 Don't wait take action now leafy legal services calm protect your assets, grow your business and manage your wealth. Transcribed by https://otter.ai

Bob Repass - Seller Finance & Note Buying Expert - Ep. 111

The Nuts & Bolts of Real Estate Investing

Play Episode Listen Later Apr 23, 2020 65:06

Get an in-depth update from seller finance and note buying expert Bob Repass. Bob is someone that ALL note buyers should be learning from!

finance sellers note buying

First National Acceptance Company: Shaping The Note Buying Industry With Will Henning

Real Estate Without Renters with Kevin Shortle

Play Episode Listen Later Feb 9, 2020 35:05

The First National Acceptance Company or FNAC, is a nationwide notes buyer that buys notes directly or through broker channels. Here to chat with Kevin Shortle about FNAC is its VP, Will Henning. Will shares their vision, how they go about with buying notes, and their overall business model. He discusses some strategies their top brokers are doing and talks about some weird deals and how these deals’ worth are evaluated. Learn more about the note buying industry as Will shares more investment advice.

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First National Acceptance Company: Shaping The Note Buying Industry With Will Henning

Real Estate Without Renters with Kevin Shortle

Play Episode Listen Later Feb 7, 2020 35:00

business marketing acceptance shaping diligence henning fnac first national brokering note buying

WS444: Discount Note Buying with Eddie Speed

The Real Estate Syndication Show

Play Episode Listen Later Jan 8, 2020 23:24

Are you looking through 100 deals only to find one that works? Rather than discarding the 99 others, why not figure out how to make them work? If this unconventional approach to deals sounds intriguing, then today's guest will certainly pique your interest. Eddie Speed is a discount note buying veteran who is on a mission to help people create seller-financed notes. In this episode, Eddie sheds light on this creative financing approach he takes to structuring deals. -----Our Gracious Sponsor: Adam Adams has raised millions of dollars by staying in front of passive investors. He helps you brand yourself online so you can attract capital which means you don't have to be a great salesperson to do this. His clients are getting noticed by passive investors. He calls his clients Money Magnets because money is literally being attracted to them. There is a qualification process to work with Adam. Ready to take yourself to the next level? Apply to work with Adam here: http://bit.ly/RaisingMoneyCoach.-----

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Make Money In An Up Or Down Market

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Play Episode Listen Later Oct 29, 2019 28:40

This episode's guest is Scott Carson of We Close Notes. He talks about how he made money in an up market, but more importantly how he found a way to make money in a down market. Scott illuminates the importance of being creative and thinking outside the box to get back up from rock bottom, and shares his view on you can do in your business to become an unshackled owner. Scott Carson (aka “the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages on residential and commercial real estate directly from banks and hedge funds. His common sense approach to note investing has helped thousands of new and experienced real estate investors add notes to their portfolios to either expand their Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F's of Note Buying…The Find, Fund and Flip. He has purchased over half a billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought after speaker on distressed debt and was the 2014 Note Educator of the Year winner from the 28th Annual Noteworthy Convention. He has also been featured in numerous newspapers including Investor's Business Daily, The Wall Street Journal, and Inc.com. He has also spoken at the National Association of Realtors National Convention, The National REIA Cruise and real estate investment clubs all across the country. When he isn't traveling, teaching, or buying assets you can find him home in Austin, Texas. Tonight Scott is going to share with you how he helps thousands of investors become LIENLORDS instead of LANDLORDS and how you can also start investing in “turning problem properties into profitable solutions.” https://www.podetize.com/wp-content/uploads/USO011.mp3

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23-Be Your Own Bank: Wholesaling Seller Financing Notes and Creating Passive Income with Note Buying.

Shut Up And Invest

Play Episode Listen Later Aug 13, 2019 34:58

In this episode Kevin and Jorie go deep into the strategy of Seller Financing Notes. This is the first in the series called Be Your Own Bank, where they will break down ways to use seller financing to create generational wealth. In this episode they break down two sides to the seller financing transaction. They talk about how Jorie wholesales seller financed notes and how real estate note buyers can create amazing passive income. This episode is jam packed with amazing information to help you expand your investment business. This episode gives a great look inside the operations of a successful Virtual Wholesaling company. If you enjoyed this podcast, don't forget to comment, like and subscribe to our show. You can connect with Jorie at https://www.instagram.com/theaulstongroup/and Kevin at https://www.instagram.com/kjimeno/. You can also follow the show for all the latest shows and updates at https://www.instagram.com/shutupandinvest/, on twitter at http://twitter.com//shutupinvest.com and visit our website at http://wwww.shutupandinvest.com

EP174 Note Buying Expert Panel Discussion and Q&A with Sue Nelson, Gene Chandler, & Kyle Zimpleman

Rental Property Owner & Real Estate Investor Podcast

Play Episode Listen Later May 13, 2019 53:51

Performing and Non-Performing Notes. You've definitely heard us talk on this podcast about this area of investing. While the returns can be quite lucrative, there are many risks to consider, as well as barriers to entry. When entering this arena it pays to be well informed. That's why, at the recent RPOA Annual Conference, we held an Expert Q & A Panel Discussion on Note Buying. We had three experts there to help us understand what notes are, the investment opportunity they provide, the pro’s and con’s of investing in notes, and how they've each been successful in the single-family and commercial note investing arena. If you’re interested in investing in notes yourself, then you definitely will get a lot of great information from our expert panel today. Sue Nelson is a trainer and coach who has done almost every type of creative real estate deal. Sue is an expert in commercial, multifamily, REOs and notes, and I actually joined her commercial note training program back in 2012. Sue was recently a guest on the podcast - episode #162. http://reonoteprofits.com REONoteProfits@gmail.com Gene Chandler has 45 years of real estate investing experience and is the asset manager for Chandler & Chandler Financial, which specializes in buying one-off and small pools of distressed assets directly from banks, hedge funds, and private equity groups. Gene was a guest on episode #80, and I was so impressed by our conversation that I ended up investing with Gene, and together we’ve purchased 12 non-performing notes. chandlerfinancialllc@gmail.com https://www.chandlerfin.com 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. kyle@expandcap.com http://expandcap.com/about/

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Virtual Events Production Strategies – Note Buying with Scott Carson

ceo strategy entrepreneur production podcast hosts real estate investors scot virtual events online events scott carson we close notes step up your game note buying

Play Episode Listen Later Dec 8, 2018 35:48

In this episode of Step Up Your Game, Dan interviews Scott Carson, CEO of We Close Notes, Real Estate Investor, Entrepreneur and Podcast Host of The Note Closers Show Podcast. Scot's main marketing strategy to attract people to his business has been Online Events, and he has become quite an expert on it. Listen as Dan and Scot go over everything you need to know about the planning and production of virtual events. Podcast Show Notes:

TD191: Virtual Events Production Strategies – Note Buying with Scott Carson

Tough Decisions for Entrepreneurs

Play Episode Listen Later Dec 8, 2018 35:48

Visit ToughDecisions.net for complete show notes of each podcast episode. In this episode of Step Up Your Game, Dan interviews Scott Carson, CEO of We Close Notes, Real Estate Investor, Entrepreneur and Podcast Host of The Note Closers Show Podcast. Scot’s main marketing strategy to attract people to his business has been Online Events, and he has become quite an expert on it. Listen as Dan and Scot go over everything you need to know about the planning and production of virtual events.

ceo strategy entrepreneur production podcast hosts real estate investors scot virtual events online events scott carson we close notes step up your game note buying

TD191: Virtual Events Production Strategies – Note Buying with Scott Carson

Tough Decisions for Entrepreneurs

Play Episode Listen Later Dec 8, 2018 35:45

Visit ToughDecisions.net for complete show notes of each podcast episode. In this episode of Step Up Your Game, Dan interviews Scott Carson, CEO of We Close Notes, Real Estate Investor, Entrepreneur and Podcast Host of The Note Closers Show Podcast. Scot's main marketing strategy to attract people to his business has been Online Events, and […]

ceo strategy entrepreneur production podcast hosts real estate investors scot virtual events online events scott carson we close notes step up your game note buying

The Ins and Outs of the Note-Buying Industry

outs ins and outs we close notes note buying

Play Episode Listen Later Dec 4, 2018 37:21

I've known Scott for a few years, and he's a stand-up guy doing great business. I'm so pleased to have him on “The Real Estate Raw Show” to talk about his career and his tactics. For your convenience, I've provided timestamps below so that you can navigate the conversation Scott and I had at your leisure: 1:25—The sudden and drastic downturn of the market in 2008 that caused Scott to leave the mortgage industry to turn to buying distressed debt 2:10—What exactly does it mean to buy notes? 5:30—What is the best time of year to buy notes, or is it year-round? 9:40—Scott's words of caution to anyone out there teaching about note-buying 11:20—For those just getting started in the business, what is the hardest aspect of the job? 13:00—Different states have different foreclosure time frames, so are some states easier to work in than others? 14:15—Start-up fees and ongoing monthly fees for new arrivals to the field 17:00—A quick break in the discussion and a word from our sponsors 20:33—What kind of numbers are in play in the note-buying game? 25:00—What to say in tough situations involving tenants of the properties 28:30—The market is shifting; inventory is staying on longer and prices are coming down. What impact does that have in this business? 32:00—Scott's preferences among asset class, storage, apartments, shopping centers, single-family homes 34:25—Is negotiating with the banks difficult? 35:45—Is there a minimum buy-in? I really appreciate Scott spending time on our show today to share his words of wisdom. If you'd like to speak with Scott about buying notes or any aspect of his business, he can be reached at (512) 585-3810 by phone or at Scott@weclosenotes.com by email. You can also visit his website at www.WeCloseNotes.com. For any questions you have for me, you are always encouraged to reach out to me. I hope to hear from you soon!

Virtual Events Production Strategies – Note Buying with Scott Carson

ceo strategy entrepreneur production podcast hosts real estate investors scot virtual events online events scott carson we close notes step up your game note buying

Play Episode Listen Later Nov 8, 2018 35:48

The Note Closers with Scott Carson

Life Transformation Radio

Play Episode Listen Later Oct 30, 2018 53:00

Scott Carson (aka “the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds from banks all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F’s of Note Buying: The Find, Fund and Flip. He has purchased over half a billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in the media including but not limited to Investor’s Business Daily, The Wall Street Journal and Inc.com. He has also helped thousands of other real estate investors come to the sexy side of investing by plunging into the world on NPN’s or nonperforming notes and looking to “rehab the borrower”. Scott is also the host of the Note Closers Show Podcast. An avid sports fan and reader, you can find him home in Austin, Texas when he isn’t buying assets for his own portfolio or sharing his love of the note game. http://weclosenotes.com/note-closers-show-podcast/

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Scott Carson, Note Buying and Selling

Flipping America

Play Episode Listen Later Sep 27, 2018 60:41

FAR 189 Scott Carson Expected Air Date: 9/22/18 Opening Great show coming to you today. Scott Carson (aka “the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F’s of Note Buying… The Find, Fund, and Flip. He has purchased over a half billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought-after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in numerous newspapers including Investor’s Business Daily, the Wall Street Journal, and Inc.com. He has also helped thousands of other real estate investors come to the dark side of investing by plunging into the world of NPN’s or non-performing notes. An avid sports fan and reader, you can find him home in Austin, Texas when he isn’t buying assets for his own portfolio or sharing his love of the note game. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Think Realty Saturday and Sunday, Sept 22-23 FlipStarter Nov 2-3, Atlanta, GA Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. Guest: Scott Carson Topic: Note Buying and Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alana, Jonesboro, GA “I’m looking at a deal where the owner lives out of state, the tenant is a relative paying well below market rate. He wants her out but doesn’t want to evict his own relative. He just wants to sell the house. It’s worth about 130k. May need 25k in rehab. He’s open to seller financing. I mentioned offering him 50-60k and he didn’t say no. So what are my options or exit strategies?” Shamsideen, Boulder, CO “My partners and I are looking at various opportunities, apartments, hotels, and mini-warehouses, to be specific. Can you offer guidance for us as we decide where to put our money?” Motivational Thoughts for the day Your true success in life begins only when you make the commitment to become excellent at what you do. — Brian Tracy

Scott Carson Shares Why You NEVER Go Back to an Old Job

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Play Episode Listen Later Jul 11, 2018 32:27

Scott Carson (aka “the Note Guy”) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F's of Note Buying…The Find, Fund and Flip. He has purchased over half a billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in numerous newspapers including Investor's Business Daily, The Wall Street Journal and Inc.com. He has also helped thousands of other real estate investors come to the dark side of investing by plunging into the world on NPN's or non performing notes. An avid sports fan and reader, you can find him home in Austin, Texas when he isn't buying assets for his own portfolio or sharing his love of the note game. Do people ever give you “advice” because they think they're an expert? They may have your best interests at heart, but before you follow their advice click here and READ THIS BLOG POST! Here are a few key secrets we talked about in this episode: Michelle introduces Scott Carson. Scott takes us back about 10 years to when he was working for someone else in his J-O-B. Scott shares the story of how his boss wanted to pay him to train someone else to do what Scott was so good at – buying non-performing mortgages, but didn't want to give the job to Scott himself. The boss turning Scott down was just the slap in the face that Scott needed to set off on his own venture. For six months Scott spent time reading personal and professional development as well as putting his knowledge to the test. Scott explains what his company does and how it works. The biggest NO that Scott received was when he was trying to buy a portfolio with over 100 assets, and the investor he was working with walked away. (Scott shares the whole story in this episode). Scott turns each of his NO's into a game. He tells himself that each NO is a not right now, not a permanent NO. When looking for investors, Scott advises that you go for mid-size fish, not the whales. (Scott explains this analogy in this episode). When Scott was looking for the mid-sized fish, he had a method to how he chose who to reach out to. “Seek counsel and not advice.” ~ Scott Carson Scott knew that if he kept going and going and calling people he would eventually hear a YES. Only 48% of salespeople will reach out to a prospect more than once. The sale is all in the follow-up! Michelle and Scott talk about the movie Wall Street. A good piece of advice: When speaking with your prospect ask them when is a good time to follow-up, and then do it! Scott is a firm believer in the personal touch – sending thank you cards and other small gifts. Scott shares his story of how during his second year in business he hit a dry spell and how he considered going back to his old job. Scott tells Michelle what he would advise his younger self. Connect with Scott Carson: We Close Notes Facebook Twitter Instagram LinkedIn If you loved this episode please consider sharing it with a friend! And we'd love it if you wrote us a 5 Star review on iTunes and subscribed to the show! P.S. Are you doing what you love or are you stuck in a job you hate? In THIS BLOG POST, learn how you can do what you love and find success!

059 | Scott Carson Shares Why You NEVER Go Back to an Old Job

Success Unfiltered

Play Episode Listen Later Jul 11, 2018 32:28

059 | Scott Carson Shares Why You NEVER Go Back to an Old Job Scott Carson (aka “the Note Guy”) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds from banks all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F’s of Note Buying…The Find, Fund and Flip. He has purchased over half a billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. Are you passionate about your career? Do you wake up every morning excited and ready to start the day? If you answered NO to either question, why not? Life is too short to waste time on something you don’t love doing! Every day is a choice and you have the power to choose. This week’s guest, Scott Carson, has been in real estate and mortgages for all of his career, but when he was working for someone else, his value wasn’t realized, Scott knew it was time to move on. Scott quickly learned that that he could experience immense success while doing what he loved. However, during his second year of being solo, Scott hit a dry spell. He knew he needed to feed himself and make a living, so when he was approached by a regional manager from his old job, about an interview, he sought the advice of a friend. After talking with his friend, Scott quickly learned that heading back to a job he hated wasn’t the answer, and that sticking it out with his business was the only way. Within just a few days, Scott’s dry spell ended! It’s time to start doing what you love and doing it with passion! If you’re ready to uncover what you love to do and experience HUGE success, then this episode of Success Unfiltered is a MUST LISTEN! Enjoy, and thank you for listening and tuning into Success Unfiltered! To share your thoughts: Email The Pitch Queen @ hello@thepitchqueen.com Ask a question over at www.ThePitchQueen.com Share Success Unfiltered on Twitter, Facebook, Instagram, & LinkedIn To help the show out: Please leave an honest review on iTunes. Your ratings and reviews really help and I read each one. Subscribe to the show on iTunes. Special thanks goes out to Scott Carson for taking the time to chat with Michelle. Be sure to join us next week for our next new episode! P.S. WHY is your WHY Such A Big Deal? If you’re an entrepreneur, you need to stay up for the game at all times. Your success or failure is all up to you, and sometimes, even the best of us fall off track. How do come back from a great fall? By remembering WHY you started. Remembering WHY you’re passionate about what you do. And keeping that purpose at the center of everything you do. Can your WHY do that? Let’s find out! Grab your copy of my FREE guide, “5 Steps To Your Ultimate WHY” and get focused, inspired, and ultimately successful! Here are a few key secrets we talked about in this episode: Michelle introduces Scott Carson. Scott takes us back about 10 years to when he was working for someone else in his J-O-B. Scott shares the story of how his boss wanted to pay him to train someone else to do what Scott was so good at - buying non-performing mortgages, but didn’t want to give the job to Scott himself. The boss turning Scott down, was just the slap in the face that Scott needed to set off on his own venture. For six months Scott spent time reading personal and professional development as well as putting his knowledge to the test. Scott explains what his company does and how it works. The biggest NO that Scott received was when he was trying to buy a portfolio with over 100 assets, and the investor he was working with walked away. (Scott shares the whole story in this episode). Scott turns each of his NO’s into a game. He tells himself that each NO is a not right now, but not a permanent NO. When looking for investors, Scott advises that you go for mid-size fish, not the whales. (Scott explains this analogy in this episode). When Scott was looking for the mid-sized fish, he had a method to how he chose who to reach out to - listen closely to find out more! “Seek counsel, and not advice.” ~ Scott Carson Scott knew that if he kept going and going and calling people he would eventually hear a YES. Only 48% of salespeople will reach out to a prospect more than once. The sale is all in the follow-up! Michelle and Scott talk about the movie Wall Street. A good piece of advice, when speaking with your prospect, ask them when a good time you should follow-up, and then do it! Scott is a firm believer in the personal touch - sending thank you cards and other small gifts. Scott shares his story of how during his second year in business, he hit a dry spell, and how he considered going back to his old job. Scott tells Michelle what he would advise his younger self. Connect with Scott Carson: We Close Notes Facebook Twitter Instagram LinkedIn P.S. WHY is your WHY Such A Big Deal? If you’re an entrepreneur, you need to stay up for the game at all times. Your success or failure is all up to you, and sometimes, even the best of us fall off track. How do come back from a great fall? By remembering WHY you started. Remembering WHY you’re passionate about what you do. And keeping that purpose at the center of everything you do. Can your WHY do that? Let’s find out! Grab your copy of my FREE guide, “5 Steps To Your Ultimate WHY” and get focused, inspired, and ultimately successful! Music produced by Deejay-O www.iamdeejayo.com

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2018-06-13 Bill Griesmer Note Buying

Play Episode Listen Later Jun 13, 2018

note buying

2018-06-13 Bill Griesmer Note Buying

Real Estate Investing For Cash Flow Hosted by Kevin Bupp.

Play Episode Listen Later Jun 13, 2018

note buying

Ep #172: Everything You Ever Wanted to Know About the Distressed Note Buying Business – with Dave Van Horn

Play Episode Listen Later Feb 20, 2018 44:18

Our guests for this week’s show is real estate expert and distressed note investor, David Van Horn In today’s show, we’re going to not only dive deep into Dave’s business, but will also cover everything regarding the distressed note buying game, including; raising private capital to purchase distressed notes, what types of notes Dave likes and why, the many ways to make money as a note buyer, how to build relationships with the bank’s asset managers, how to work with the borrowers to modify their loan terms, how to evaluate defaulted 2nd mortgages, working through the foreclosure process on your note, getting setup with a loan servicing company, what to do with any duds or bad notes that you might end up buying, how to get started, and much, much more. Recommended Resources Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA Accredited Investors Click Hereto learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themcom Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

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Expert Interview #138: Note Buying 101

Real Estate Investing Secrets - FlipNerd (Audio Version)

Play Episode Listen Later Jun 29, 2017 33:08

Note buying and selling is a mythical creature or black box for most. In this episode of the FlipNerd.com Expert Interview, Eddie Speed...the nations leading authority on Note Buying gives us a 'note buying 101' lesson. There's a massive opportunity to invest with notes...this is a show you don't want to miss! Try out our FlipNerd Elite Membership for $1 for 7-days! Learn more about our premium training HERE!

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JF974: Take Notes about NOTES and Debt!

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Play Episode Listen Later May 3, 2017 32:49

Taking notes? That’s okay if you’re not, but you should at least buy notes! You’ll hear all about it in this episode! Good debt, bad debt, whatever… Notes are extremely profitable and if purchased correctly, may be one of the most ideal passive wealth generators in investments. Best Ever Tweet: If you are not focused on one thing, you will be less effective attaining your goal. Scott Carson Real Estate Background: – CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop – Purchased over half a billion dollars in distressed debt for his portfolio and assets in over 30 states – Note Buying Workshop focuses on the 3 F's of Note Buying…The Find, Fund and Flip – Speaker on distressed debt, the 2014 Note Educator of the Year, and featured in The Wall Street Journal – Active real estate investor since 2002 and solely focused on the note industry since 2008 – Based in Austin, Texas – Say hi to him at www.weclosenotes.com Made Possible Because of Our Best Ever Sponsors: Want an inbox full of online leads? Get a FREE strategy session with Dan Barrett who is the only certified Google partner that exclusively works with real estate investors like us. Go to adwordsnerds.com/joe to schedule the appointment. Subscribe in iTunes and Stitcher so you don't miss an episode! www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

JF974: Take Notes about NOTES and Debt!

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Play Episode Listen Later May 3, 2017 32:49

Taking notes? That's okay if you're not, but you should at least buy notes! You'll hear all about it in this episode! Good debt, bad debt, whatever… Notes are extremely profitable and if purchased correctly, may be one of the most ideal passive wealth generators in investments. Best Ever Tweet: If you are not focused on one thing, you will be less effective attaining your goal. Scott Carson Real Estate Background: - CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop - Purchased over half a billion dollars in distressed debt for his portfolio and assets in over 30 states - Note Buying Workshop focuses on the 3 F’s of Note Buying…The Find, Fund and Flip - Speaker on distressed debt, the 2014 Note Educator of the Year, and featured in The Wall Street Journal - Active real estate investor since 2002 and solely focused on the note industry since 2008 - Based in Austin, Texas - Say hi to him at www.weclosenotes.com Made Possible Because of Our Best Ever Sponsors: Want an inbox full of online leads? Get a FREE strategy session with Dan Barrett who is the only certified Google partner that exclusively works with real estate investors like us. Go to to schedule the appointment. Subscribe in and so you don’t miss an episode!

JF162: Insider Scoop on Blind Pool Funds AND What You Don’t Know About Note Buying

Best Real Estate Investing Advice Ever Archive I

Play Episode Listen Later May 3, 2017 17:14

Today’s Best Ever guest shares how blind pool funds work and gives you info on next level financing advice based on his extensive experience in the real estate finance industry. Dion DePaoli’s real estate background: – CEO at Secure Debt Exchange Systems based in Miami, Florida – Direct experience with real estate and mortgage investment fund management, asset management and disposition – Over 15 years in real estate finance and you can say hi to him at

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JF130: Top Note Buying Tip Revealed

Best Real Estate Investing Advice Ever Archive I

Play Episode Listen Later Apr 21, 2017 15:14

Ever wonder what people are talking about when they say they are note buyers? Well, today’s Best Ever guest clears it all up and shares how and why he went from time shares to note buying. And…he shares with you his #1 tip on note buying. Steven Soto’s real estate background: – Founder and principal of Higher Trust Investments based in Orlando, Florida – Identifies distressed real estate assets for high net worth clients with a focus on tax deeds and non-performing notes nationwide – Say hi to him at

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JF63: Revealing Five Profitable Exit Strategies for Note Buying

Best Real Estate Investing Advice Ever Archive I

Play Episode Listen Later Mar 30, 2017 22:34

Note buying. Buying notes. And more note buying…you want to hear from a note buying expert? Listen to today’s Best Ever guest as he shares how to do the due diligence on note buying and the reveals five exit strategies for note buying. Val Sotir’s real estate background: – Founder of Watermark Capital Partners () – In 2009 he was featured on the cover of Forbes magazine as one of the mortgage survivors on Wall Street – 10 years of experience as a stock broker

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Some ideas for new discounted note buyers when it comes to due diligence. Larger Video… The post Note Buying And Due Diligence appeared first on BawldGuy Investing.

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Note Buying And Due Diligence

BawldGuy Audio Podcast

Play Episode Listen Later Apr 14, 2016

Some ideas for new discounted note buyers when it comes to due diligence. Larger Video… The post Note Buying And Due Diligence appeared first on BawldGuy Investing.

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Episode 2: Eddie Speed - Note Buying Wizard from Texas

Real Estate Investing Profits Master Series with Cory Boatright

Play Episode Listen Later Aug 12, 2015 34:31

Today on Real Estate Investing Profits, Profit Masters Podcast, my guest is Eddie Speed. Eddie is the founder of Note School. Since 1980, Eddie has been buying notes. His Note School is a highly recognized training company that specializes in the teaching of buying performing and non-performing mortgage notes. Eddie is also the owner and president of Colonial Funding Group LLC, which acquires broker discounted real estate secured notes. Eddie is a leader and innovator in the note business. As Eddie puts it, he’s a note guy. He has owned several thousand properties. He teaches people to buy notes, he buys notes in bulk and resells them in all increments. Eddie explains that he buys existing discounted seller financed notes and defaulted notes that are being held by banks. With the defaulted notes, he will then attempt to modify and get the customer to pay again, and if that isn’t possible he will try to get them to deed it to him or he has the right to foreclose. With over 40 thousand seller financed notes purchased by Eddie’s company he feels it’s an incredible opportunity. Here’s a few of the questions I pose to Eddie: Biggest influence - his father-in-law and he explains why Any big mistake made - he has been defrauded Advice in running a successful business - don’t give up and don’t get so hung up on price you don’t understand how to be a deal architect If you started all over again what would you have done differently - Eddie explains why he would have been part of a mastermind group early on Greatest lesson learned - trust but verify Why do you do what you do - Eddie has a passion for it Profit Master Investment Strategy: Eddie says in two-thirds of the United States real estate is too cheap for what it rents for in the working class price band. He will find houses below a hundred grand that aren’t getting conventionally financed so the owner has to pay cash. He then will owner finance the property by selling it to the owner for half and will then use it as a rental property for 5 years. While there is a time that the owner doesn’t live in the property, Eddie has sold it to them for half the price and the renter has paid the other half. Eddie says it’s a wealth builder and a win-win situation for him and the owner. To find out about the locations of Eddie’s Note School 3 day training classes, check out http://noteschool.com/live-classes/. Free training and additional information is available on his Note School website. Please check out our website,http://realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download. Join us on theReal Estate Investing Profits Facebook site too!

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Note Buying with Eddie Speed

Real Estate Radio LIVE with Host Tom K. Wilson

Play Episode Listen Later Apr 29, 2015

Eddie Speed, one of the nation's most experienced note buyers since 1980. He's dedicated his professional life to seller financing and non-performing note industry. He founded The Note School, a highly recognized training company specializing in teaching of buying both performing and non-performing mortgage notes.On today's show you will learn:• What is a note and why notes?• Top 3 mistakes a new note investor can make• Notes VS short sales• Advantages & disadvantages of dealing in notes• What are the risks and the best way to mitigate them?• What are the elements of the due diligence process for buying a note?• Plus much more! Tune in every Wednesday at 2 pm PST on KDOW 1220 AM, The Wall Street Business Network. As always, if you can't make the live shows, subscribe to our podcasts on iTunes or YouTube, or watch the videos on www.tomwilsonproperties.com.Thanks for listening! Remember, "The only thing that matters is what you do next!"Note Buying with guest Eddie Speed

JF207: The THREE Keys to Profitable Note Buying

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Play Episode Listen Later Mar 27, 2015 20:13

Note buying, baby. Today’s Best Ever guest shares with you the THREE keys to successful note buying. PLUS, he gives tons of great tips for marketing your real estate biz. Best Ever Tweet: Get clear on what you’re building towards then work backwards. Bryan Ellis’s real estate background: - Has over 10 years of experience as a real estate and mortgage investor based in Atlanta, Georgia - Host of Self-Directed Investor Radio and publisher of which has over 700,000 subscribers - Listen to his show at - Loves hanging out in Las Vegas more than anything even though he isn’t a gambler Subscribe in and so you don't miss an episode! Sponsored by Patch of Land - Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at

Val Sotir Offers Note Buying Solutions on Unlock Your Wealth Radio

Unlock Your Wealth Today

Play Episode Listen Later Mar 6, 2015 61:38

Founder and CEO of Watermark Capital Partners, Val Sotir joins Heather Wagenhals, Host and Executive Producer of Unlock Your Wealth Radio, offering note buying solutions to listeners. Tune in to this interview to hear more about asset buying and how to grow your financial future. Val's extensive experience in buying and selling distressed mortgage notes compliments his expertise and success as owner of the Watermark Capital Partners. His career started on Wall Street where he has more than 10 years´ experience as a stock broker, investment banker and securities sales professional with emphasis in trading, investment planning and research and client portfolio management. In this interview Val explains how to begin your career in distressed mortgage notes, offering listeners valuable advice on what to do and what not to do in order to make the most bang for your buck while keeping homeowners happy. Begin your career or make an extra dollar in non-performing or re-performing notes by making an offer on a note most interested to you from Val's company, WatermarkExchange.com. Working in the the mortgage industry from 2001-2010 as the owner of Consumer Capital Solutions, a residential and commercial mortgage company, Val has gained much experience during the growth years from 2001-2008 and then switched into commercial mortgage origination when the residential market evaporated. Besides originating mortgage loans, he also serviced his former clients with loan modifications, principal reductions and workouts as well as offered Private Lending services. These experiences lead him to find the opportunity of purchasing and working to revise the terms of mortgage notes. Tune in to Unlock Your Wealth Radio this as Val explains in great detail, the benefits and of asset buying while offering note buying solutions. This week's key trivia is based on last week's key:Create Credit. Plus Minutes on your Money, this week's Moneyism, Money Drama and so much more as you Start anew in Season 22 with Unlock Your Wealth Radio. Learn more about The Keys to Riches Financial Wellness Series in This Week's Key Number Six:Remember Real Estate. Fun Fact: In 2009 Val Sotir was featured on the Cover of Forbes magazine as one of the mortgage survivors on Wall Street – an article discussing how some in the mortgage business have reinvented themselves in the Non-Performing Notes industry.

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JF162: Insider Scoop on Blind Pool Funds AND What You Don’t Know About Note Buying

Play Episode Listen Later Feb 10, 2015 17:14

Today’s Best Ever guest shares how blind pool funds work and gives you info on next level financing advice based on his extensive experience in the real estate finance industry. Best Ever Tweet: Out of clutter find simplicity. Dion DePaoli’s real estate background: - CEO at Secure Debt Exchange Systems based in Miami, Florida - Direct experience with real estate and mortgage investment fund management, asset management and disposition - Over 15 years in real estate finance and you can say hi to him at Subscribe in and so you don't miss an episode. Sponsored by Patch of Land - Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at

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JF130: Top Note Buying Tip Revealed

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Play Episode Listen Later Jan 9, 2015 15:14

Ever wonder what people are talking about when they say they are note buyers? Well, today’s Best Ever guest clears it all up and shares how and why he went from time shares to note buying. And...he shares with you his #1 tip on note buying. Tweetable quote: Believe in yourself and start today! Steven Soto’s real estate background: - Founder and principal of Higher Trust Investments based in Orlando, Florida - Identifies distressed real estate assets for high net worth clients with a focus on tax deeds and non-performing notes nationwide - Say hi to him at Subscribe in and so you don't miss an episode! Sponsored by Cozy - Simple, free online rent payments, tenant screening and credit checks. Get Cozy for free at .

JF63: Revealing Five Profitable Exit Strategies for Note Buying

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Play Episode Listen Later Nov 5, 2014 22:34

Note buying. Buying notes. And more note buying…you want to hear from a note buying expert? Listen to today’s Best Ever guest as he shares how to do the due diligence on note buying and the reveals five exit strategies for note buying. Tweetable quote: A discounted note today saves the bank money tomorrow. Val Sotir’s real estate background: - Founder of Watermark Capital Partners () - In 2009 he was featured on the cover of Forbes magazine as one of the mortgage survivors on Wall Street - 10 years of experience as a stock broker Subscribe in and so you don't miss an episode! Sponsored by: Door Devil – visit and enter "bestever" to get an exclusive 20% discount on your purchase.

2013-02-13 Donna Bauer Note Buying

Play Episode Listen Later Feb 13, 2013

bauer note buying

2013-02-13 Donna Bauer Note Buying