Podcasts about we close notes

Get ready to dive into a treasure trove of note investing opportunities! In this episode of the Note Closers Show, we're breaking down a recent deal where we had 52 offers approved from a pool of non-performing notes. This is a chance to pull back the curtain and see how we're finding deals and how you can too.Content:Deal Overview and Initial Bids: We submitted 79 offers and had 52 accepted. The initial strategy involved cherry-picking from a tape of 201 non-performing notes from a hedge fund. Plus how one student got 5 out of 6 offers accepted and their potential yield on performing notes.Property Analysis and Valuation: Discover how we evaluate properties, considering that the tape values were 4-5 years old. Given value increases over the last few years, our offers were competitive, plus how to pull updated photos of properties.Lowball Offers and Wholesale Opportunities: Understand our approach to lowball offers on less desirable properties, some as low as $100. Learn how we plan to wholesale these off to local investors through self-directed IRAs.Geographic Distribution and Market Focus: An overview of the geographic distribution of the 52 notes, which includes properties in Texas, Florida, Georgia, Indiana, Michigan, Ohio, and more. Plus the foreclosure status of several properties.Financial Metrics and ROI: We dive into the numbers. With $1,004,000 divided by 52 notes comes to an average purchase price of less than $20,000, some significantly lower. We also look at the potential for a 23.2% cash-on-cash return if all notes perform at the minimum payment.Conclusion:This episode is packed with actionable insights and real-world examples to help you find your own note investing deals. Whether you're looking for performing or non-performing notes, there's a wealth of opportunity out there. Tune in to learn more and start putting your lazy assets to work!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet signed up for the Next Virtual Note Buying Workshop Now!

In this episode of The Note Closers Show, Scott Carson shares his comprehensive checklist for evaluating and performing due diligence on non-performing notes. Whether you're just starting out or looking to refine your processes, this episode provides a step-by-step guide to avoiding bad deals and maximizing your returns in note investing.Scott walks you through his essential process, covering everything from initial tape analysis to collateral file review. Learn how to identify key red flags, assess property values, understand legal considerations, and ultimately, make informed investment decisions that protect your capital and generate consistent cash flow.Key Topics Covered:Initial Tape Analysis: Getting pricing expectations, bids due and filtering based on state, city, and property type.Property Valuation: Check the Property Value and if there is and legal update before moving on.Finding The Right Resources: How to lean on partners for help and not do it all yourself.Avoiding bad areas: Make sure you are following state rules and know the places you are buying in.What to do with all your data? Where and how to use your data to get more deals.This episode offers a valuable framework for approaching note investing with a clear, structured, and analytical mindset. With Scott's guidance, you'll be able to confidently evaluate potential deals, minimize your risk, and position yourself for long-term success in the dynamic world of note investing.Download your copy of the Due Diligence Checklist HERE!Watch the original VIDEO HERE!Get Signed Up For The Next Note Buying for Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!Get Signed Up For the Next Note Buying Workshop HERE!

In this engaging episode of The Note Closer Show, host Scott Carson welcomes Nathaniel Hovsepian, a leading expert in creative financing and real estate investing, to discuss how to leverage unique investment strategies to build wealth and achieve financial freedom in the South. Get ready for a deep dive into the world of sub-2 investing, creative financing, and the power of a holistic approach that balances financial success with personal well-being.Scott and Nathaniel explore the strategies you can use for all your portfolio from stocks, cash, notes, rentals or the work you put over time! Learn how to overcome the limitations of time and create a business that allows you to prioritize what truly matters, including your family and your health. This episode is packed with real-world insights and actionable advice that will empower you to achieve a better life!Key Topics Covered:Nathaniel's Investing Journey: From flipping condos in California to building a thriving real estate business in the South, discover the key turning points and decisions that shaped Nathaniel's path to success. Learn about the importance of continuous learning, mentorship, and adapting your strategies to changing market conditions.The Power of Community and Accountability: Creating The Best Portfolio for you: You find that it's okay that you have your niche and that if not, you have options.What Can You Do With Goals and what would you use or do. To make great ways and to have what to say and to make sure to grow!Creating a Balanced Life: Discuss how the team came together to make new things better and what is too look out for in that plan. What was the plan and what did it entail.Marketing Tips - Take a Look! See the tools of today that will help with all of the growth and more!This episode offers a refreshing perspective on the intersection of wealth, health, and personal fulfillment in the world of real estate. Scott and Nathaniel challenge conventional thinking and inspire listeners to prioritize a well-rounded life while building a successful note investing business. If you're ready to unlock the strategies and mindset to create a thriving business that aligns with your values, then tune in to this essential episode of The Note Closer Show!Connect with Nathanial HERE!Join the Fit Fatherhood Facebook Group Here!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestTake Your Asset Protection to a Whole New Level with Laughlin and Associates!Get signed up for the Next Virtual Note Buying Workshop Now!

In this episode of the Note Closers Show, Scott Carson unveils the powerful 30-30 Marketing Matrix, a strategic framework to supercharge your note investing business. Learn how to attract more buyers, sellers, and funding sources by implementing simple yet effective daily, weekly, and monthly marketing activities. Scott shares his insights on staying top-of-mind, building credibility, and automating your marketing efforts, all while giving a shout-out to Roland Frazier, the mentor who first taught him this powerful concept. Whether you're a seasoned investor or just starting out, this episode provides a roadmap to transform your business and take it to the next level.Key Topics Covered:The 30-30 Marketing Matrix: An overview of the framework and its core principles for consistent marketing.Daily Activities: Simple, actionable steps to do every day, including sharing articles on social media and making LinkedIn connections.Weekly Activities: Strategies for creating a newsletter.Monthly Activities: Monthly actions to grow your pipeline and find investors or leads to partner with.Leveraging Existing Resources: How to repurpose existing content to build credibility and save time on marketing.The Importance of Social Media: Understanding that everything is social, no matter how one is talking!Whether you are new to the note space or a vet, this system will help build you in a way you never would think. But success lies with you and how much you are willing to implement this monthly marketing plan.Watch the original VIDEO HERE!.Book a call with SCOTT HERE!Get Your Copy of the Marketing Matrix HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

In this episode of The Note Closer Show, we dive deep into the best practices for reaching out to asset managers and how to distinguish yourself from the competition. Learn how to craft a professional image, avoid common pitfalls, and build credibility. We also share insights on the importance of a strong online presence, including LinkedIn and email marketing strategies.Key Topics Covered:Identifying Joker Brokers: Learn how to spot illegitimate contacts and avoid wasting time on unproductive leads.Building a Professional Image: Tips on creating a professional LinkedIn profile, email account, and website.Effective Outreach Strategies: How to use CRMs and email blasts to reach asset managers, plus the importance of follow-up.Passing the "Smell Test": Ensuring you and your contacts appear legitimate and trustworthy through online presence and background checks.Leveraging Social Media: The importance of consistent posting and updating profiles with relevant content like articles, case studies, and property pictures.Networking and Due Diligence: How to research potential contacts and verify their credentials to ensure they are serious buyers or sellers.The Importance of a Clean Online Presence: Get rid of messy stuff. Clean up the emails and make sure everything looks professional.This episode provides actionable advice for note investors and real estate professionals looking to improve their outreach and establish themselves as credible players in the industry. Whether you're just starting out or looking to refine your strategies, this episode is packed with valuable insights.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

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

Hey note investors! Welcome back to the channel. In this video, we're diving deep into a recent WSEN coaching call where we break down a tape of 201 notes from a hedge fund source. This is a goldmine of information for anyone looking to cherry-pick deals and potentially snag double-digit discounts. Let's get started! (Key Topics Covered)-Overview of the 201 Note Tape: Discover the source of the tape and the initial breakdown of performing vs. non-performing notes.--Understanding Legacy Notes: Learn what "legacy" means in the note investing world and why these notes can hold significant value.Geographic Hotspots: Identify the key states where the majority of these notes are located, with insights on which areas to focus on (and which to avoid).-Key Data Points: Learn about the available data like UPB, appraisal dates, origination dates, and payment history.-Payment History Analysis: Understand how to analyze payment history to identify potential opportunities.-Quick Number Analysis: How to get the value of the tape-Bidding Strategies: Get some strategies on how to put a bid on the assets in the tapes-The Advantage of Old Appraisals: How to find hidden equity by accounting for appreciation in property values.LINK TO THE ENTIRE MAPActionable Takeaways-How to leverage a list like this to scale or make some extra money.-How to get better and getting outside the comfort zone.-A high review of the list.In conclusion, whether you're a seasoned note investor or just starting out, this video is packed with actionable insights to help you identify and capitalize on note investment opportunities.Links & ResourcesSign up for WCN crew membership: HTTP://noteumbrella.comBook a call with HTTP://talkwithscottcarson.comSubscribe for more note investing tips and strategies!Watch the original VIDEO HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet signed up for the Next Virtual Note Buying Workshop Now!

In this episode, we delve into a cautionary tale from the world of note investing, specifically focusing on a unique situation involving a contract for deed in Pennsylvania. We explore the challenges one of my coaching students faced when purchasing a performing contract for deed, only to discover it violated obscure state lending laws. Learn from this real-life experience and gain valuable insights into the importance of due diligence and understanding state-specific regulations when investing in notes.Key Points Covered:The Pennsylvania Lending Law Trap: Discover how a little-known law can impact contracts for deed with balances below $50,000.The Importance of Due Diligence: Understand the critical need to thoroughly research state laws and regulations before investing in notes.Servicing Company Hiccups: Learn how issues with servicing transfers can lead to borrower complaints and legal challenges.The Cost of Non-Responsiveness: See how a seller's lack of communication can exacerbate problems and create headaches for the buyer.Navigating Legal Challenges: Explore potential solutions and strategies for resolving legal issues related to contract for deed violations.Conclusion:Investing in notes can be a lucrative venture, but it's crucial to be aware of the potential pitfalls and challenges that can arise. This episode serves as a valuable lesson in the importance of due diligence, understanding state-specific laws, and being prepared to navigate unexpected legal hurdles. By learning from this cautionary tale, you can protect your investments and avoid costly mistakes in the world of note investing.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign Up For Your Texas Foreclosure List HERE! Use code WECLOSENOTES to save $20!Sign up for the next FREE Note Weekend Class HERE!

http://WeCloseNotes.comIn this episode, we tackle a variety of listener questions about note investing. From finding reverse mortgages and networking tips to state selection and structuring owner-financed deals, we cover a wide range of topics to help you succeed in the note business. Tune in for expert insights and actionable advice to take your note investing to the next level!Questions Covered:Where can I find reverse mortgages for sale?Where are good places to network?Should I buy performing or non-performing notes?What documents are needed to wholesale a note?What states are best for buying notes?How do you get comfortable buying notes outside your market?Is it a good strategy to buy notes and immediately foreclose?Why would a lender sell newly originated notes?How should I structure an owner finance note to make it valuable to sell?Why aren't you a fan of chasing owner finance mortgage notes?Whether you're a seasoned note investor or just starting out, this episode is packed with valuable insights to help you navigate the complexities of the note business. From finding deals to structuring notes for maximum profitability, we've got you covered. Tune in and take your note investing to the next level!Watch the full VIDEO HERE!Book a Call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

In this episode, we dive into a crucial topic often overlooked in the world of real estate investing: being prepared for the unexpected. Inspired by recent experiences with friends and colleagues facing health challenges, we discuss the importance of having a plan in place to protect your assets and ensure your loved ones are taken care of. From creating a will and establishing a trust to having open conversations with your family, this episode provides practical advice and real-life examples to help you navigate the intersection of real estate and estate planning.Key Points Covered:1) The Importance of a Will and Trust: Learn why having these documents in place is essential for outlining your wishes and protecting your assets from probate.2) Open Communication with Family: Discover the significance of having honest conversations with your spouse and family about your assets, investments, and plans for the future.3) Establishing a Point of Contact: Understand the need to designate a trusted individual who can assist your family in managing your portfolio if something happens to you.4) Life Insurance and Key Man Policies: Explore how these policies can provide financial security for your family and investors in the event of your passing.5) Asset Protection Strategies: Learn about the importance of structuring your assets to minimize potential risks and ensure your family is taken care of.Don't wait until it's too late to prepare for the unexpected. By taking the time to put these essential estate planning measures in place, you can gain peace of mind knowing that your assets are protected and your loved ones will be taken care of. Listen to this episode for actionable steps you can take today to safeguard your future and ensure a smooth transition for your family.Watch the original VIDEO HERE!Book a Call With Scott HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet Signed Up For the Next Note Buying Workshop HERE!

59 Non-Performing Notes: Portfolio Analysis & Deal-Finding StrategiesHey Note Closers! Scott Carson here, ready to dive into a fresh tape of 59 non-performing notes. This episode is all about practical analysis, identifying potential opportunities, and avoiding common pitfalls when evaluating a large portfolio of distressed assets.Key Aspects Covered:Portfolio Overview: We begin with an overview of the portfolio, noting the geographic distribution of the notes and the prevalence of foreclosure and bankruptcy proceedings.Initial Screening: I discuss the initial steps for narrowing down the list, including eliminating states or counties you don't want to invest in and identifying properties with low values or undesirable characteristics.Analyzing Key Metrics: We delve into the key metrics to consider, such as the last payment date, legal balance, property value, and foreclosure status.Identifying Potential Deals: I share my thought process for identifying notes that offer the best potential for profit, considering factors like equity, cash flow, and foreclosure timelines.The Importance of Due Diligence: I emphasize the need to conduct thorough due diligence, including reviewing property conditions, legal documents, and borrower information.Practical Insights:This episode provides a real-world example of how to approach a non-performing note portfolio and make informed investment decisions. You'll learn how to:Quickly assess the value of a noteIdentify potential red flagsDevelop a targeted investment strategyTake Action:Ready to put these strategies into practice? Book a call at talkwithscottcarson.com to discuss your individual needs and explore how to get started in note investing.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet Signed Up For the WCN Membership HERE!Take Your Asset Protection to a Whole New Level with Laughlin and Associates!

Are you ready to uncover the power of creative financing deals and thrive in today's unpredictable real estate market? Forget the cookie-cutter strategies—this episode of the Note Closers Show with Scott Carson brings you a true real estate rockstar who's been quietly dominating from the charming streets of Rhode Island to the hustle and bustle of Boston. Zachary Beach isn't just flipping properties—he's engineering smart, creative solutions for distressed homeowners and transforming overlooked assets into goldmines. From humble beginnings as the “chief bottle washer” to leading the charge at Smart Real Estate Coach, Zach has weathered the highs, the lows, and everything in between. He's here to share the insider strategies most gurus never talk about—notes, distressed assets, and the art of building serious wealth by helping others. Buckle up—you don't want to miss this one!Want to talk to Scott? Book a call with him HERE. Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestBook a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!Sign up for the next FREE Note Weekend Class HERE!

Send us a textOn the latest episode of The Get Ready Money Podcast, I spoke with Scott Carson, President of We Close Notes and Host of The Note Closers Podcast about changing the way we think about money and investing in debt.Key Takeaways:Always get qualified expertise.Tips and resources if you're struggling with debt.How buying a note works.The importance of compound interest, the rule of 72 and how it can work for you or against you.Failing to plan is planning to fail.Why taking care of your health is part of financial success. Connect with Scott Carson: Website: https://weclosenotes.comLinkedIn: https://www.linkedin.com/in/1scottcarson/Resource:Free One Day Class: Http://NoteWeekend.comPodcasts: The Note Closers Show Podcast: https://weclosenotes.com/note-closers-show-podcast/Note Night In America: https://weclosenotes.com/note-night-in-america-podcast/Mentioned in this episode:The Power of Compound Interest - The Get Ready Money Podcast (here) https://www.tonysteuer.com/blog/the-get-ready-money-podcast-financial-five-episode-with-chris-mouzon-derrick-wesley-mac-gardner-and-thomas-kopelman-the-power-of-compound-interestDIMS SCORE® Calculator (from Giftingsense.org): https://giftingsense.org/gift-survey/Stacking Benjamins Podcast - Joe Saul-Sehy: Stacking BenjaminsFinCon: The Business Event For Money Creators: https://finconexpo.com Bio: Scott Carson (aka “the Note Guy”) is a highly sought-after guest and host of the popular podcast, the Note Closers Show.  An active entrepreneur, he is an expert in real estate investing, raising capital and marketing.  He speaks regularly at different events and industry conventions focused on real estate, marketing, and podcasting. He also helps thousands of investors and entrepreneurs each year create wealth through his debt buying classes, podcasts and coaching.  An avid sports fan, he spends his free time traveling, gardening, and making memories.  He calls Austin, Texas home.Support the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.

Hey Note Closers! Scott Carson here, taking you on a real-world adventure to analyze a potential reverse mortgage deal in Georgetown, Texas. This isn't just about numbers; it's about getting boots on the ground and seeing the property firsthand.The "Green Acres" Deal:This case study focuses on a reverse mortgage located on Green Acres Drive in Georgetown, TX. The property is a three-bedroom, two-bath home on a third of an acre. The borrower has passed away, and the note is now available for purchase.Key Aspects Covered:On-Site Due Diligence: I share my experience of driving to the property and conducting a walkthrough. This includes assessing the neighborhood, the condition of the property, and any potential red flags.Property Condition Assessment: We discuss the condition of the property, including the need for a new roof, sheetrock repairs, and general updates.Market Analysis: I compare the property to nearby comps and discuss the challenges of valuing properties in rural areas with limited zoning.Reverse Mortgage Considerations: We explore the unique aspects of reverse mortgages, including the foreclosure process and potential exit strategies.The Decision: Based on the on-site assessment and market analysis, I share my decision on whether or not to pursue this deal.Why This Matters:This episode emphasizes the importance of going beyond the numbers and conducting thorough on-site due diligence. You'll learn how to assess the condition of a property, evaluate the surrounding neighborhood, and identify potential challenges that could impact your investment.Watch the original Walk Through Video HERE!Watch the original Video Episode HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet signed up for the Next Virtual Note Buying Workshop Now!

Hey Note Closers! Scott Carson here, diving into the essential topic of common sense underwriting. This episode is all about avoiding the pitfalls that can turn a seemingly great deal into a costly mistake. We're going beyond the spreadsheets and ROI calculators to focus on practical, real-world due diligence.Key Takeaways:The Importance of Loan-Level Bids: Don't fall for the "percentage across the board" approach. Insist on loan-level bids to accurately assess the value of each asset.Don't Be an A-Hole: Treat sellers with respect and professionalism. Submitting unrealistic offers or failing to follow instructions will damage your reputation.Know Your Market: Don't bid on assets in areas you don't understand or wouldn't want to own. Focus on markets with a decent population and available resources.Don't Fall in Love with the Property: Take the emotion out of the equation. Focus on the numbers and the potential for profit, not the aesthetics of the property.Look Beyond the Numbers: Don't rely solely on spreadsheets. Consider factors like the condition of the property, the borrower's history, and potential legal issues.Actionable Advice:This episode is packed with actionable advice to help you make smarter investment decisions. We'll discuss:How to assess the value of a note beyond the numbersHow to identify potential red flagsHow to build a strong team of professionals to support your due diligence effortsResources:Order your O&E Due Diligence HERE: https://snip.ly/NewTitleSearchOrder your BPO Orders HERE: https://snip.ly/NewBPOFormDon't let a lack of common sense derail your note investing success! Listen now to learn how to avoid costly mistakes and maximize your returns.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet Signed Up For the WCN Membership HERE!

Hey Note Closers! Scott Carson here, ready to take you on an exciting journey—a deep dive into a portfolio of 72 first-lien notes! This episode isn't just theory; it's a practical, hands-on demonstration of how to analyze a large portfolio, identify profitable deals, and maximize your returns.Key Aspects Covered:This episode provides a step-by-step walkthrough of analyzing a diverse portfolio of performing and non-performing notes. Here are the key highlights:Portfolio Overview & Data Analysis: We begin with an overview of the portfolio, including the distribution of performing and non-performing notes across various US states. I discuss accessing and using raw data from lenders to make informed decisions.Developing an Investment Strategy: Based on the raw data, we develop different investment strategies considering various factors like loan amounts, equity, and LTV. This includes determining appropriate offer prices.Cherry Picking vs. Portfolio Purchase: We discuss the pros and cons of focusing on specific notes ("cherry-picking") versus purchasing the entire portfolio.Practical Formula Application: We use formulas to calculate equity, cash flow, and ROI for both performing and non-performing notes. This provides a step-by-step guide to evaluating the financial potential of each note.Non-Performing Note Strategies: We explore specific strategies for handling non-performing notes, such as modification, foreclosure, and cash-for-keys.Learn from a Real-World Example:This episode isn't just about theory; it's a practical demonstration using a real-world portfolio of notes. I'll walk you through my thought process for evaluating each note, making offers, and maximizing potential returns. This hands-on approach offers invaluable insights for all note investors, regardless of experience level.Connect and Take Action:Ready to refine your note investing strategies? Book a call at talkwithscottcarson.com to discuss your individual needs. Don't miss out on this opportunity to enhance your skills and elevate your portfolio!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!Get signed up for the Next Virtual Note Buying Workshop Now!

Hey Note Closers! Scott Carson here with a truly inspiring guest, Phil Brodeur, a successful note investor who's made a remarkable transition from traditional real estate. Phil shares his unique journey and valuable insights into the world of note investing, particularly from a Canadian perspective.Key Takeaways:Transition from Traditional Real Estate: Phil shares his experience of starting in the challenging world of rooming houses and the lessons he learned about management, tenant relations, and the importance of diversifying investment strategies.The Note Investing Pivot: Phil's introduction to private lending opened a new world of opportunities. His early successes in this arena fueled his transition to note investing.Canadian vs. US Note Markets: Phil highlights the key differences between Canadian and US note markets, particularly regarding loan terms, interest rates, and foreclosure timelines. This comparative insight is invaluable for those considering cross-border investments.Building a Portfolio & Raising Capital: Phil discusses his strategies for building a diverse note portfolio and the methods he's now employing to raise capital for larger, high-yield investments through a structured notes fund. This provides insight into scaling a note investing business.The Importance of Action: Phil emphasizes the importance of taking action in note investing, despite potential fears of analysis paralysis or uncertainties. He advocates for consistent follow-up and seeking mentorship to accelerate the learning process.Learn from Phil's Experience:Phil's journey is a compelling case study demonstrating the potential for success in note investing. His practical advice, unique perspective, and focus on action make this episode essential listening for both seasoned note investors and those just starting out. Connect with Phil through his company, Colossus Strategic Holdings, at https://snip.ly/PhilBroduerWatch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestTake Your Asset Protection to a Whole New Level with Laughlin and Associates!Get signed up for the Next Virtual Note Buying Workshop Now!

The 5-Step FICO Funding System for Real Estate InvestorsHey Note Closers! Scott Carson here with an extraordinary episode featuring Merrill Chandler from GetFundable.com. Merrill shares insider secrets to unlocking funding approvals, gleaned from his unique access to FICO's top executives. This isn't just theory; it's a proven system for achieving high-value credit lines and maximizing your real estate investment potential.The 5-Step System to Funding Success:Merrill reveals a five-step process designed to help you overcome common roadblocks and obtain the funding you need, regardless of your credit history or business circumstances. Here's a breakdown:Minimize Negative Credit Effects: Address any negative items on your credit report (late payments, collections, etc.) before proceeding.Align Borrower Behaviors: Optimize your behavior patterns to match lender guidelines. This goes beyond your credit score. It's about how you manage credit accounts and overall financial interactions.Optimize Business Data & Identity: Ensure your business information is consistent across all reporting systems. Accuracy and clarity are crucial for lender trust.Build Profitable Banking Partnerships: Establish relationships with influential bankers who can champion your applications and provide preferential treatment.Leverage Lender Balance & Deposit Formulas: Use effective strategies to demonstrate financial stability and strength to lenders.Insider Access & Proven Results:Merrill's unique access to FICO executives provides unprecedented insight into how lenders make approval decisions. He's helped his clients secure hundreds of millions in funding approvals and shares countless success stories demonstrating the power of this five-step system.Learn the 5-Step System:Want to transform your funding prospects? Schedule a free discovery call with Merrill today to discuss your individual needs and explore how his system can benefit you. Schedule Your Call with Merrill Chandler HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet signed up for the Next Virtual Note Buying Workshop Now!Take Your Asset Protection to a Whole New Level with Laughlin and Associates!

Hey Note Closers! Scott Carson here, ready to share some hard-earned wisdom to help you avoid the pitfalls many note investors fall into. Based on two decades of experience, I've identified the 11 most common mistakes, and I'm here to show you how to sidestep them and unlock true note investing success.The 11 Biggest Mistakes:This episode isn't about bashing anyone; it's about empowering you with the knowledge to avoid costly errors and maximize your returns. Here are the 11 mistakes to avoid:Only Bidding Based on Bank Balance: Don't let your available funds limit your bidding. Explore multiple funding options and bid aggressively.Not Marketing for Private Money: Actively seek private money lenders. Don't wait for the "perfect" deal; start marketing before you have a deal secured.Not Building an Email Database: Develop an email list of contacts and investors to stay top-of-mind and consistently promote deals.Only Bidding on One Asset: Bid on multiple properties to increase your chances of acceptance.Making Ridiculously Low Ball Bids: Don't undervalue assets; find a balance between aggressive and reasonable offers.Only Targeting Your Local Market: Expand beyond geographical limitations and explore deals across a wider region.Focusing Only on "Fast" Foreclosures: Diversify your portfolio to include a range of note types, including performing notes with strong cash flow.Using Only One Exit Strategy: Develop multiple exit strategies (foreclosure, modification, etc.) to handle unexpected situations.Marketing to Bad Leads: Don't waste time or money on leads that are unlikely to yield success. Target banks, lenders and build your own qualified list.Starting as a Wholesaler: Don't jump into wholesaling without a strong marketing strategy and funding in place. Relying on a Single Lead Source: Diversify your lead sources to avoid being limited by a single vendor.Avoid These Mistakes and Unlock Your Potential:By learning from these mistakes, you can position yourself for greater success in the note investing world. Join our upcoming workshop to learn strategies for locating assets, raising capital, and executing deals profitably!Learn More:Attend our workshop on April 25-27 by signing up at HTTP://NoteBuyingForDummies.com!Watch the original VIDEO HERE!Book a Call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestClick HERE to Get Your Road to Retirement Started Today with American IRA!Get signed up for the Next Virtual Note Buying Workshop Now!

Hey Note Closers! Scott Carson here, ready to share some hard-earned wisdom to help you avoid the pitfalls many note investors fall into. Based on two decades of experience, I've identified the 11 most common mistakes, and I'm here to show you how to sidestep them and unlock true note investing success.The 11 Biggest Mistakes:This episode isn't about bashing anyone; it's about empowering you with the knowledge to avoid costly errors and maximize your returns. Here are the 11 mistakes to avoid:-Only Bidding Based on Bank Balance: Don't let your available funds limit your bidding. Explore multiple funding options and bid aggressively.-Not Marketing for Private Money: Actively seek private money lenders. Don't wait for the "perfect" deal; start marketing before you have a deal secured.-Not Building an Email Database: Develop an email list of contacts and investors to stay top-of-mind and consistently promote deals.-Only Bidding on One Asset: Bid on multiple properties to increase your chances of acceptance.-Making Ridiculously Low Ball Bids: Don't undervalue assets; find a balance between aggressive and reasonable offers.-Only Targeting Your Local Market: Expand beyond geographical limitations and explore deals across a wider region.-Focusing Only on "Fast" Foreclosures: Diversify your portfolio to include a range of note types, including performing notes with strong cash flow.-Using Only One Exit Strategy: Develop multiple exit strategies (foreclosure, modification, etc.) to handle unexpected situations.-Marketing to Bad Leads: Don't waste time or money on leads that are unlikely to yield success. Target banks, lenders and build your own qualified list.-Starting as a Wholesaler: Don't jump into wholesaling without a strong marketing strategy and funding in place. -Relying on a Single Lead Source: Diversify your lead sources to avoid being limited by a single vendor.Avoid These Mistakes and Unlock Your Potential:By learning from these mistakes, you can position yourself for greater success in the note investing world. Join our upcoming workshop to learn strategies for locating assets, raising capital, and executing deals profitably!Learn More:Attend our workshop on April 25-27th by signing up at HTTP://NoteBuyingForDummies.com!Love the show? Subscribe, rate, review, and share!Here's How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes PinterestGet signed up for the Next Virtual Note Buying Workshop Now!

Hey Note Closers! Scott Carson here with a truly inspiring guest, Tiffany Alexander, founder of Aspen Sage Fund. Tiffany's journey is a testament to the power of pivoting, embracing challenges, and finding success in unexpected places. This episode explores the emotional side of note investing, offering valuable insights and a fresh perspective.Tiffany's Journey:Tiffany's path to note investing wasn't straightforward. She began with a childhood dream of becoming an astronaut, and her education led her down a path of physics. However, after experiencing the burnout of a demanding career path, she discovered her passion for real estate and note investing. This surprising change in career direction transformed her life and demonstrates the importance of adaptability in pursuing one's passions.Key takeaways from her interview include:The Emotional Side of Note Investing: Tiffany shares her experiences of dealing with distressed borrowers, highlighting the human element of note investing. She emphasizes the importance of empathy, understanding, and ethical decision-making in handling these challenging situations.Empathy Over Analysis: Tiffany stresses the value of empathy and open communication in note investing, as opposed to merely analyzing data and executing transactions without human connection. She shares her experience with helping homeowners who find themselves in difficult circumstances.Overcoming Paralysis by Analysis: Tiffany describes how her background in engineering made her prone to overthinking, and how she has learned to make decisions without excessive analysis and fear of risks.Building a Strong Network: Tiffany details how her business has grown through networking, emphasizing the value of building strong relationships and relying on personal connections in the note investing world.Finding Your Niche: Tiffany shares how she transitioned from focusing exclusively on performing notes to incorporating a healthy percentage of non-performing notes into her portfolio to effectively serve people in crisis and optimize her investment strategy.Beyond the Numbers:This isn't just another numbers-based episode; we delve into the emotional and human aspects of note investing, exploring the challenges and rewards of working with borrowers in difficult situations. Tiffany's genuine passion for helping people and her willingness to share her experiences makes this episode truly exceptional.Connect with Tiffany:Learn more about Tiffany's journey and connect with her at AspenSageFund.com.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestClick HERE to Get Your Road to Retirement Started Today with American IRA!Take Your Asset Protection to a Whole New Level with Laughlin and Associates!

Hey Note Closers! Scott Carson here, ready to dissect a juicy real estate investing case study—a portfolio of 16 notes! Buckle up, because we're diving headfirst into the details, sharing valuable insights that'll help you boost your own investment game. This isn't just another episode; it's a masterclass in how to analyze a portfolio, uncover hidden gems, and make some serious cash!The Story:One of my brilliant coaching students, a busy professional juggling a thriving clinic and a whole lot of other ventures, recently bought a 16-note portfolio. What's even more impressive? They closed on these deals within their first 30 days! These are some serious power players. Let's just say we should all follow their lead! They're now looking to raise some capital for new projects and offered this portfolio up to our inner circle. This episode is about helping us all analyze it.Key Takeaways:Portfolio Analysis 101: We dissect the entire portfolio note by note, analyzing key metrics such as interest rates, loan-to-value (LTV), monthly payments, occupancy, equity, and remaining terms.Identifying Performing vs. Non-Performing Notes: Learning how to quickly distinguish between performing and non-performing notes is key. This analysis reveals valuable insights into potential challenges and opportunities within each asset.Estimating Values: How to estimate the current market value of each property using different techniques and tools. Zillow can only get you so far, and we explore why.Strategic Pricing and Negotiation: We explore different pricing strategies for different situations. Knowing when to adjust your offers based on specific circumstances is key!Capitalizing on the Emotional Factor: Sometimes, the best deals involve sensitivity and empathy. We discuss a strategic approach for negotiating with borrowers, respecting the emotional aspect of potential issues and keeping the deal moving.Actionable Insights:We go beyond the numbers, examining the specific circumstances of each note. We delve into factors like whether the property is occupied, the condition of the property, the borrower's history, and the potential challenges and opportunities each property presents.The results:Scott's clients initially purchased these properties for a mix of reasons—cash flow diversification and capital appreciation. However, this episode will show that even if the portfolio was initially acquired for one reason, it can be strategically transitioned to another as the client's needs change.More Than Just Numbers:This isn't just about spreadsheets and calculations; we explore the human element behind these investments. We discuss how to approach the borrowers with empathy and sensitivity, making ethical business decisions that consider their circumstances.Ready to level up your note investing game? This episode is packed with actionable insights and real-world strategies you can implement immediately. This isn't theory; it's real-world, hands-on experience from successful investors.Watch the VIDEO BREAKDOWN HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet Signed Up For the Next Note Buying Workshop HERE!Get Signed Up For the WCN Membership HERE!

Hey Note Closers! Scott Carson here, and I'm fired up about today's episode. We're diving deep into the world of probate leads—a niche that's been a secret weapon for savvy investors, and it's finally getting some well-deserved attention! Forget those tired old foreclosure lists; we're talking about a treasure trove of opportunities most investors are completely overlooking.Our special guest is Micah Nicholes, the head honcho over at US Leads List. Micah is not just an investor himself—he's built a thriving business solely around connecting investors with probate leads. Get ready for some serious insight into a strategy that could significantly increase your deal flow and boost your bottom line!What We Covered:Understanding Probate Leads: We debunked the mystery surrounding probate leads. It's much simpler than you think—finding properties owned by recently deceased individuals before they even hit the probate court. This means getting a head start on the competition!The Four Main Probate Lead Categories: Micah broke down probate leads into four key categories: pre-probate, surviving spouses, trusts, and inter-family transfers. Each category presents unique opportunities and allows you to tailor your approach.Pre-Probate Strategy: This is where the real magic happens! We discussed Micah's proven method of identifying probate leads before they enter the public record, giving you a massive leg up on other investors. It involves combining multiple data sources and sophisticated analysis - pure gold!Marketing to Probate Leads with Empathy and Sensitivity: This isn't just about finding deals; it's about working with grieving families during a challenging time. Micah shared his approach to connecting with families sensitively and ethically, making the most of each opportunity.The Importance of Consistent Follow-up: No matter how amazing your strategy is, you'll only succeed if you relentlessly follow up. Micah shared his process of reaching out to potential sellers with various methods and emphasized the power of consistently working the leads.Micah's Journey:This wasn't an overnight success! Micah started by purchasing a mostly paper-based probate lead business. He took this business from a quaint, traditional operation to a streamlined digital powerhouse. This transition allowed for much better data, more accurate information, and vastly improved efficiency, letting his clients target the hottest leads effectively. His story is a testament to how the right approach and technology can take a business to the next level.Wisconsin vs. Texas: We also had a fun conversation about the difference between the Wisconsin and Texas real estate markets. Turns out, they are worlds apart—Wisconsin has seasonal fluctuations and occasional unexpected challenges like frozen pipes! But with great challenges, come great opportunities!More Than Just Leads:US Leads List isn't just providing leads; they are providing a comprehensive service with added value. They offer skip tracing at an incredible price. This not only accelerates the process but also ensures that Micah's clients have accurate information and can effectively work potential deals.Listen in on this incredible episode! The secrets to succeeding in this niche are waiting to be unlocked. You might just find your next big win!Don't forget to check out Micah's website to find out what number of probate leads are available in your favorite counties to invest in.Sign Up For Your Probate Leads HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!Click HERE to Get Your Road to Retirement Started Today with American IRA!

This month, we're diving headfirst into the exciting—and often chaotic!—world of Texas commercial foreclosures. Texas is a lender-friendly state, which means foreclosures happen fast (we're talking 21 days fast!), and that creates a lot of opportunity for savvy investors. Buckle up, because we're about to go on a wild ride!Texas foreclosures change rapidly, making it a bit of a treasure hunt. It's not a stable market. One thing remains consistent: If you know where to look, you can find some incredible deals. This is why you need access to up-to-date information.Using the Roddy List (with the code WECLOSENOTES for a discount!), you'll gain a competitive edge over those who rely on slower methods. This isn't your grandma's foreclosure list; it's a dynamic tool that keeps you ahead of the curve.Here's what you need to know to effectively navigate the Texas commercial foreclosure scene:The Regional Breakdown: Texas commercial foreclosures are regional, not statewide. The Roddy List breaks it down into five regions: Central, South, East, North, and West Texas. This allows you to focus your efforts on areas that fit your investment criteria. This is less guesswork and less wasted time!Master the Data: The Roddy List is packed with information, from property details and loan amounts to lender and borrower contact information. Use this data to make informed decisions. That legal description, for example, is your new best friend.Beyond the Basics: You'll find various property types: offices, retail spaces, multifamily properties, and even land. Don't limit yourself to what you think you know! Be flexible and explore all your options.The Speed Factor: Foreclosures happen fast. You don't need a license to foreclose or buy commercial debt, but you do need to be fast! You'll need to act quickly. It's like a game of Texas Hold'em – you need the right cards and the guts to bet big!Direct Outreach: Instead of relying on postcards (which might get lost in the shuffle), utilize the lender contact information to reach out directly. It's like having a secret weapon.Don't get lost in the weeds of outdated data. Utilize the right tools and strategies, and you can uncover some real gems.The Texas market is fast-paced, so act quickly, utilize the information you have available, and go for it! Don't miss out on these opportunities.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign Up For Your Texas Foreclosure List HERE! Use code WECLOSENOTES to save $20!Sign up for the next FREE Note Weekend Class HERE!

Today's episode is a must-watch, especially if you're in the real estate investment game (or plan to be). We're joined by my good buddy Aaron Young, CEO of Laughlin and Associates, to discuss something vital: protecting your assets.Let's face it, the real estate world is a wild west—sometimes literally! While you're trying to build your real estate empire, you could encounter lawsuits from disgruntled employees, investors, or even other cowboys who aren't playing fair. You don't want to encounter any of those situations that could result in a lawsuit. That's why asset protection is crucial.The biggest mistake many investors make is not planning for the "SHIT fan"—the sudden, unexpected catastrophe that can derail your business. It's not if you'll face a problem; it's when. Thinking ahead will prevent the biggest headaches.Here are some key takeaways from our conversation with Aaron:The Big Picture: Before you even think about LLCs, define your goals. What are you hoping to achieve? Selling properties? Cash flow? Are you planning to build a small empire or be a big real estate tycoon? Having a clear picture will guide your legal structure choices.LLCs: Your Shield: LLCs (Limited Liability Companies) offer critical protection. But simply setting one up isn't enough. You need proper corporate formalities: board meetings, operating agreements, resolutions, and more. Otherwise, your LLC might not hold up in court. It's like having a fancy-looking saddle that falls apart during a long ride!Regularity Is Key: The most common mistake? Ignoring the necessary corporate formalities! Holding regular board meetings and keeping proper records isn't just a legal requirement; it's the proof that you're separating your business from your personal life. This keeps your personal assets safe in case something bad happens.The Tax Benefits: Structuring your business correctly provides significant tax benefits. Take advantage of those deductions, but do it legally. It's not about finding loopholes; it's about using the tax system to your advantage. You don't want to use that tax strategy that sends you to prison.Don't Skimp on the "Saddle": Don't hire a cheap, fly-by-night legal service! Professional help is an investment in your future. It may cost a little bit more up front, but it's far less expensive than facing a lawsuit.Aaron's expertise in forming LLCs and offering asset protection is invaluable. Laughlin and Associates has been doing this for over 50 years—they've seen it all! They offer a "Corporate Veil Protection Service" to help businesses stay compliant and protected. Their services also help ensure you are taking advantage of all the tax benefits available to you.Remember, protecting your assets isn't a luxury; it's a necessity. It's not a single event; it's a continuous process. Don't wait until the "SHIT fan" hits; prepare for it now!Get Your Asset Protection Started HERE!Sign up for the next Magnify Your Wealth Here!Watch the original VIDEO HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign Up For Your Texas Foreclosure List HERE! Use code WECLOSENOTES to save $20!Get Signed Up For the Next Note Buying Workshop HERE!

Texas Foreclosure Goldmine: Unearthing Distressed Assets with the Roddy ListHowdy, partners! Scott Carson here, ready to dive into the exciting world of Texas foreclosures. Finding distressed assets in the Lone Star State can be a real treasure hunt, but with the right tools, it can be a profitable adventure (and maybe even more fun than wrangling a stubborn longhorn).Texas is famously lender-friendly; fast foreclosures are common. This is a double-edged sword. While it's great for lenders, it means that the competition for those deals can be fierce! The banks know about fast turnarounds, and that drives up prices for those quick deals.That's why I often look outside Texas to buy notes—90% of my note investments are from other states. But when I do find a great Texas opportunity, the speed and velocity of capital make it worth the higher cost. Plus, you can often get a deal completed in as little as 21 days—no need to wait six or 12 months.This means you have to be faster than a speeding bullet. You'll be able to use your funds to complete another deal quickly—which is like winning the lottery, except instead of lottery tickets, you buy notes and close deals.So how do you compete? You need information that beats the competition. Here are five tips on using the Roddy List, the powerful Texas foreclosure tool that helps you to uncover amazing deals.Target Harris County: More foreclosures happen here than anywhere else in Texas. More foreclosures mean more opportunities for you, even if it means spending a lot of time filtering your results.Go Beyond Postcards: Forget the postcard campaigns. Use the Roddy List to identify lenders directly, get their whole list, and get right to the source. Direct communication is always the quickest way to complete a deal. It's like cutting out the middleman, and saving you time and effort.Commercial Opportunities: This list also unlocks commercial foreclosures— a six-month commitment—but the higher-valued assets can be incredibly lucrative. The six-month commitment ensures quality deals. This is where you'll find those hidden jewels.Leverage the Data: The Roddy List gives you so much information: property details, loan info, contact information, and more. The email addresses are worth their weight in gold! Imagine having a 66% email success rate—which is what the presenter explains as being typical.Focus on the Mortgagor: Once you've got the list, use it to filter out the big banks and LLCs. Those are generally a lot more difficult to work with and will result in more wasted time.Using the Roddy list is a shortcut to your success. Instead of randomly sending out postcards, you're going after the lenders directly. SIGN UP FOR THE RODDY LIST HERE!The Roddy List gives you a head start by giving you access to crucial information and the edge you need to be a successful Texas investor. The list is updated monthly. You can even find out if properties have been previously listed, making it easier to spot those distressed assets ripe for negotiation!Happy hunting, y'all! Until next time... remember, a little bit of hustle can go a long way.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Howdy, partners! Scott Carson here, ready to dive into the exciting world of Texas foreclosures. Finding distressed assets in the Lone Star State can be a real treasure hunt, but with the right tools, it can be a profitable adventure (and maybe even more fun than wrangling a stubborn longhorn).Texas is famously lender-friendly; fast foreclosures are common. This is a double-edged sword. While it's great for lenders, it means that the competition for those deals can be fierce! The banks know about fast turnarounds, and that drives up prices for those quick deals.That's why I often look outside Texas to buy notes—90% of my note investments are from other states. But when I do find a great Texas opportunity, the speed and velocity of capital make it worth the higher cost. Plus, you can often get a deal completed in as little as 21 days—no need to wait six or 12 months.This means you have to be faster than a speeding bullet. You'll be able to use your funds to complete another deal quickly—which is like winning the lottery, except instead of lottery tickets, you buy notes and close deals.So how do you compete? You need information that beats the competition. Here are five tips on using the Roddy List, the powerful Texas foreclosure tool that helps you to uncover amazing deals.Target Harris County: More foreclosures happen here than anywhere else in Texas. More foreclosures mean more opportunities for you, even if it means spending a lot of time filtering your results.Go Beyond Postcards: Forget the postcard campaigns. Use the Roddy List to identify lenders directly, get their whole list, and get right to the source. Direct communication is always the quickest way to complete a deal. It's like cutting out the middleman, and saving you time and effort.Commercial Opportunities: This list also unlocks commercial foreclosures— a six-month commitment—but the higher-valued assets can be incredibly lucrative. The six-month commitment ensures quality deals. This is where you'll find those hidden jewels.Leverage the Data: The Roddy List gives you so much information: property details, loan info, contact information, and more. The email addresses are worth their weight in gold! Imagine having a 66% email success rate—which is what the presenter explains as being typical.Focus on the Mortgagor: Once you've got the list, use it to filter out the big banks and LLCs. Those are generally a lot more difficult to work with and will result in more wasted time.Using the Roddy list is a shortcut to your success. Instead of randomly sending out postcards, you're going after the lenders directly. SIGN UP FOR THE RODDY LIST HERE!The Roddy List gives you a head start by giving you access to crucial information and the edge you need to be a successful Texas investor. The list is updated monthly. You can even find out if properties have been previously listed, making it easier to spot those distressed assets ripe for negotiation!Happy hunting, y'all! Until next time... remember, a little bit of hustle can go a long way.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes PinterestBook a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!

Capital Raising Fears: Conquering the Note Investing Beast (and Maybe a Roach Motel or Two)Hey everyone, Scott Carson here with another episode of the Note Closers Show! Last week was a little slower—thanks, Texas ice storm!—but I'm back with some juicy lessons from our recent Austin note-buying workshop. I know many of you feel that overwhelming fear of raising capital, so let's dive in.First, a huge shoutout to Stephanie Goodman, my workshop ninja! She handles all the small stuff (so I can focus on the big stuff, like preventing my students from accidentally buying roach motels). We pampered our attendees with coffee, tacos, brisket—basically, a culinary journey through Texas.Now, the workshop was smaller than planned (thanks, flu season!), but intimate. That allowed me to connect with people on a personal level and see those "fear" eyes. You know the ones—wide, slightly panicked, and radiating the silent scream of, "I'm in over my head!"What did I learn from observing these expressions of real-estate fear? People are scared to ask for money. They've flipped houses, done hard money loans, but raising outside capital terrifies them. Why? The unknown. The fear of rejection. The possibility that they might get that one deal or property, but it smells like wet dog.Here are some key takeaways from the workshop.Small wins build BIG confidence: My first private capital raise was a dud. A complete disaster. But it instilled belief in myself. You need that first win, no matter how small, to prove you can do it.Networking is key: This isn't just about collecting business cards. It's about building relationships. People are more likely to help people they know and like. Who doesn't like free tacos?Embrace the discomfort: Stepping outside your comfort zone is where the magic happens. Are you getting that feeling of uneasy? Then you know you're doing it right.Due diligence is crucial: This isn't just about numbers. It's about seeing the property, the real deal. Remember that eightplex? A true testament to why you should ALWAYS do your due diligence.It's not about luck, it's about effort: Yes, some deals fall through. That's part of the process. But the more offers you make, the more deals you'll close. Remember that saying: "the more you sweat in practice, the less you bleed in war."Remember the deal that almost got away? 29 units, worth about $1.1 million, and they were looking for $550,000. I lowballed them. The owners were shady and the property was a disaster (roaches, dead rats...the works). I learned a valuable lesson—due diligence and having confidence in your deals.But hey, even failures teach you. I connected with four investors who were ready to back me on my next deal. They understood the business of risk. It's a wild ride!So, go out there, take some action, and remember that the only person limiting you is yourself. Until next time!Sign up for the next Note Buying Workshop HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE! Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

From $300K in Debt to Seven Figures: Bernadette Joy's Inspiring Money StoryThis week on The Note Closers Show, we were thrilled to have Bernadette Joy, a best-selling author and inspiring finance expert, share her incredible journey from crushing over $300,000 in debt to building a seven-figure net worth. Bernadette's story is a testament to the power of perseverance, strategic planning, and a dash of humor—because who doesn't need a laugh when battling debt?Her path to financial freedom wasn't a straight line. After graduating with three degrees (two in business and one in psychology!), Bernadette found herself drowning in student loan debt and credit card balances. She tried various debt repayment strategies, finding that the "debt snowball" resonated most with her—but not without some humorous bumps along the way.Key Takeaways from Bernadette's Financial Journey:The Power of the Debt Snowball: Bernadette's journey started with the debt snowball method, paying off the smallest debts first to build momentum and stay motivated. However, she later discovered the importance of finding a method that worked best for her.The $1 Rule: This unique approach focuses on making intentional spending decisions. If an item costs $1 or less per use, then you buy it. This helps avoid the endless analysis paralysis that can prevent progress. It's a clever way to reward yourself while maintaining a budget!Financial Literacy: Bernadette emphasizes the importance of financial education. She warns against accepting generic advice and stresses the need to adapt strategies to your unique circumstances and personality. Mental Health Matters: Bernadette highlights the emotional toll of debt and the importance of prioritizing mental and physical well-being. She emphasizes taking breaks, celebrating successes, and not allowing financial struggles to consume your life.Seek Your Own Path: There's no one-size-fits-all approach to financial success. Bernadette encourages everyone to find the strategies that work for them, embracing their unique circumstances and values.Humor and Relatable Moments:Bernadette's interview was filled with candid anecdotes, humor, and relatable stories. She shared her struggles with debt, her initial resistance to embracing the debt snowball method, her frustration with overly simplistic financial advice, and the importance of prioritizing mental health while pursuing financial goals. Her story is honest, vulnerable, and deeply inspiring.Her unique "$1 rule" is particularly clever, offering a simple yet effective way to manage discretionary spending. She emphasizes that while the debt snowball can be a great starting point, it's crucial to find the strategy that resonates best with your personality and circumstances. There's no need for endless spreadsheet analysis!Key Takeaways for Your Financial Journey:Embrace Education: Continuous learning is essential to navigate the complexities of personal finance.Find Your Own Path: There's no one-size-fits-all solution. Experiment, adapt, and find what works best for you.Prioritize Mental Health: Financial success isn't just about numbers; it's about overall well-being. Celebrate your wins, and don't be afraid to ask for help.Build a Support System: Surround yourself with a supportive community that can offer encouragement, guidance, and accountability.Bernadette Joy's inspiring journey proves that financial freedom is attainable with hard work, a well-defined plan, and a healthy dose of perseverance and humor. Her book, Crush Your Money Goals, offers practical strategies and valuable insights to help you achieve your financial dreams. Connect with Bernadette HERE!Watch the original VIDEO HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Sho

The recent Note Closers Show episode featured Rick and Crystal Rumer, a dynamic Texas couple who've built a remarkably successful real estate investing business. Their journey, from corporate jobs to full-time real estate investors specializing in land notes, is a testament to hard work, strategic planning, and a healthy dose of Texan grit. Get ready for some serious inspiration – and maybe a chuckle or two!Rick and Crystal's story begins long before they became full-time real estate investors. Rick worked for JPMorgan Chase, while Crystal was in sales. Both had early successes with rental properties, but they initially dabbled in several real estate ventures before finding their niche. Their entrepreneurial journey mirrors many investor journeys, which often includes learning from mistakes, pivoting from one approach to another, and a fair share of trial and error.From Rental Properties to Land Notes:After leaving their corporate jobs, Rick and Crystal initially focused on fix-and-flip properties and wholesaling. They even considered purchasing hotels, a move that would have put them in a much more crowded market. But their most profitable ventures came from focusing on land. They realized that by purchasing larger tracts of land, subdividing them into smaller lots, and owner-financing those lots, they could generate substantial returns and achieve remarkable financial success. Their story reminds us that sometimes the most lucrative opportunities lie outside the typical investor's playbook.Key Takeaways from Rick & Crystal's Success:Rick and Crystal's success in land note investing can be attributed to several key strategies:Strategic Location: They focus on high-growth areas with strong demand for land, such as the Golden Triangle of Texas (San Antonio, Austin, and the surrounding areas), maximizing their returns.Long-Term Vision: They aren't afraid to make long-term investments and build relationships with investors and buyers. In the land note business, time is on the investor's side!Owner Financing: They utilize owner financing, making the deals more attractive to buyers and generating consistent cash flow.Teamwork: Rick and Crystal emphasize the importance of working together, leveraging their individual skills and strengths. This highlights the power of a strong business partnership.Effective Marketing: They rely on a combination of networking, referrals, and targeted marketing strategies to find new investors and buyers. This includes utilizing direct mail and a strong online presence.Embracing the Challenges:They share some of the common challenges and pitfalls faced by investors, including the importance of using private money, managing risk, and working with other investors and lenders, not just the buyers. Their experience highlights the value of carefully vetting potential partners, especially when dealing with large transactions. They provide several examples of when a deal went off the rails and how they navigated these challenges.Conclusion:Rick and Crystal's story is a compelling example of building wealth through real estate note investing. Their success underscores the importance of specializing in a specific niche, building strong relationships with investors and lenders, and creating a well-structured business model. Remember, even experienced investors like Rick and Crystal made mistakes along the way, highlighting that there's always room for improvement. Their story is filled with inspiration and serves as a reminder that perseverance, adaptation, and teamwork can lead to significant financial success in real estate.Watch the original VIDEO HERE!Connect with Rick & Crystal HERE!Book a call with SCOTT!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show Vimeo

Scott Carson, the host of the popular Note Closures podcast and YouTube channel, recently shared his no-nonsense approach to raising capital for note investing. He challenges the common excuses investors make – lack of experience, fear of failure, and the dreaded "I don't have any money" – and reveals practical strategies for securing funding, even with limited resources. Get ready for a dose of real-world advice, seasoned with Carson's signature humor!Carson emphasizes that while using personal funds is ideal, it's not a requirement for success in note investing. He playfully points out that everyone eventually runs out of their own money, making it critical to develop strategies for securing external funding.Five Actionable Strategies to Raise Capital:Here are five actionable strategies from Carson's webinar to help you find capital:Tap into Self-Directed IRA Investors: This is where the magic happens! Carson highlights self-directed IRA investors as an often-overlooked source of funding. They often have significant funds sitting idle, earning minimal returns. By marketing directly to them, investors can potentially tap into a large pool of capital. Carson suggests using direct mail campaigns targeted at self-directed IRA account holders, adding a personal touch to increase response rates. Think of it as "warm-lead" marketing; these investors already have an established interest in real estate.Utilize Lines of Credit: Another readily available option is securing lines of credit through companies specializing in lending to real estate investors. While this involves some upfront cost, it provides a relatively quick and convenient way to access funds.Build a Powerful Network: Networking remains a critical component of success in real estate, regardless of how you acquire capital. Carson reminds listeners to actively engage in their local real estate investor community, attending meetups and building connections to find deals and funding sources. Don't be afraid to market your services and sell your expertise! It's like fishing; if you don't cast your line, you won't catch any fish!The Power of a Professional Website: Having a well-designed website, complete with social media profiles, is essential for establishing credibility and attracting potential investors and partners. The website is your "digital storefront" – it showcases your skills and experience, building trust and credibility.Leverage Virtual Assistants: Carson explains how virtual assistants can significantly boost productivity. They handle tasks like lead generation, marketing materials creation, and even initial outreach, freeing up valuable time for deal-making and closing.Beyond the Obstacles:Carson tackles the mindset challenges that often hinder investors, particularly the fear of failure and self-doubt. He encourages listeners to embrace their fears, view setbacks as learning opportunities, and persevere. His humorous anecdotes and relatable experiences make this aspect of the webinar both engaging and reassuring. Remember: The worst thing that can happen is that someone says no! And it's always easier to move forward after a "no" than when you're doing nothing at all.Conclusion:Carson's webinar delivers a wealth of practical advice and inspirational insight, particularly emphasizing the importance of networking, building relationships, and overcoming fear to achieve success. By adopting his strategies, aspiring note investors can significantly improve their chances of finding capital and growing their real estate portfolios. Don't be afraid to reach out – the potential rewards are immense!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestClick HERE to Get Your Road to Retirement Started Today with American IRA!

From Social Worker to Real Estate Powerhouse: Liz Faircloth's Inspiring JourneyThe recent Note Closers Show episode featured Liz Faircloth, a remarkable woman who has defied expectations and built a thriving career in real estate. Her journey, from a social work background to becoming a multi-million-dollar real estate investor and the head of a nationwide network for women, is both inspiring and hilarious. Get ready for some serious motivation – with a side of witty anecdotes!Liz's path to real estate success wasn't straightforward. She initially pursued a career in social work. A pivotal moment came when her brother-in-law handed her a copy of Rich Dad Poor Dad. This book sparked a life-altering shift in perspective, igniting her passion for real estate investing. It was a moment of serendipity that changed everything.Overcoming the Odds:Liz's journey is a powerful testament to perseverance and resilience. She openly discusses the challenges women face in the male-dominated real estate world – think "good old boy network" and the pervasive glass ceiling. But instead of being deterred, Liz embraced these obstacles and forged her own path. Her wit and humor, sprinkled throughout her narrative, make the entire interview engaging and relatable.Liz emphasizes the importance of developing a strong support network. This led her to create InvestHer, an organization designed to empower women in real estate. InvestHer provides:Community & Mentorship: A supportive network where women can learn from each other's experiences and share the ups and downs.Educational Resources: InvestHer provides free teaching and coaching, ensuring women have the skills and knowledge to succeed.Empowerment & Confidence: The organization actively works to encourage women to take risks and build confidence, challenging the mindset that often holds them back.Mastermind Events (InvestHerCon): Annual conferences focusing on practical strategies, mindset, and self-care, demonstrating that success is more than just financial returns. It's also about balance.InvestHer Plus: An online platform offering additional resources, including a mentorship program and targeted networking opportunities.Facing Fears and Building Confidence:Liz candidly shares her personal experiences with failure, emphasizing that fear is a natural part of the process. She encourages women (and anyone) to embrace their fears and not let them be paralyzing.Keys to Success:Her story also highlights the importance of these key ingredients for success:A Clear Vision (North Star): Having a long-term plan and a clear vision of what you want to achieve.Strategic Planning: Making conscious decisions that align with your overall goals.Community and Support: Building a network of like-minded individuals who will support and encourage you.Liz's journey is a testament to her resilience, determination, and entrepreneurial spirit. Through her work with InvestHer, she's inspiring countless women to pursue their dreams in real estate. Her unique blend of business acumen, personal experience, and infectious humor makes her a true role model and an inspiring example for any aspiring entrepreneur, regardless of gender!Check out TheRealEstateInvestHER HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Six-Figure Note Investing in 2025: Scott Carson's Proven StrategyScott Carson recently released a webinar revealing a proven strategy for making six figures in real estate note investing. He addresses the common investor frustration of being stuck in a 9-to-5 job, while dreaming of financial freedom. This webinar isn't just about theory; it's a practical guide packed with real-world examples and actionable strategies. Get ready to ditch the cubicle and embrace the life of a savvy note investor!Carson begins by emphasizing that this isn't a get-rich-quick scheme (sorry, no magic money trees here!). Instead, he presents a wealth-building strategy that, while demanding some effort, offers incredible potential for passive income and financial independence. He uses the analogy of building wealth through note investing as a strategic move to becoming a successful real estate mogul. It's about building wealth, not just making a quick buck!Carson's 5 Key Strategies for Note Investing Success:Here are the five key takeaways from the webinar to get you started on your path to making serious money:Understand the Power of OPM: Carson stresses the importance of using other people's money (OPM). This can be funding from family, friends, IRA investors, or private lenders. Remember: "OPM" doesn't stand for "Oh, Poor Me," it stands for "Other People's Money"!Target High-Value Assets: Focus on assets with a fair market value of at least $50,000. This provides a buffer for potential issues and allows for greater profit margins.The Art of Negotiation: Don't be afraid to negotiate! Carson advises that investors often don't ask for what they're worth.Re-performing vs. Non-performing: Carson covers both strategies, highlighting the higher returns of non-performing notes (with the caveat that they require more effort to resolve). He reminds listeners to always weigh risks and rewards.Marketing is King: Aggressive marketing and consistent networking are crucial for locating deals. If you aren't out there consistently marketing, it's like fishing without a rod!Going Beyond Six Figures:Carson shared a real-life example of his strategies to generate over $300,000 in annual income. This included a sizeable income from note sales, asking from the borrowers, and a substantial amount in monthly cash flow. This is not a theoretical exercise; this is real-world success!The Importance of Patience and Consistency:Carson emphasizes the importance of patience and persistence. Building wealth takes time; it's a marathon, not a sprint. He highlights the importance of consistent effort in marketing, finding deals, and nurturing relationships with investors.Conclusion:Carson's webinar offers a realistic and actionable blueprint for note investing success. By implementing his strategies and embracing a mindset of consistent action, aspiring investors can position themselves for significant financial gains and ultimately achieve financial freedom. Remember, it's not about the size of the fish; it's about having the right bait and knowing where to cast your line.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Unlocking Hidden Real Estate Profits: FHA 203k Loans & Renovation FinancingHey there, Note-heads! Welcome back to The Note Closers Show, your daily dose of real estate wisdom, market insights, and (let's be honest) a healthy serving of real estate humor. Today's episode is all about unlocking hidden real estate profits, particularly by using FHA 203k renovation loans. This is a game-changer, not just for investors but also for buyers who are tired of settling for “as-is” properties.We recently dove deep into 66 vacant reverse mortgages, showing how you can often acquire them for 70-80% of their value. But that's just the tip of the iceberg! Lots of investors think they need piles of cash for real estate. But what if there's a better way? What if you could finance your fixer-upper? That's where Skip Shenker comes in.Skip is a legendary figure in the world of renovation loans. He not only designs his own houses but also has a passion for helping investors and homebuyers access innovative financing options. Today, we're exploring how the FHA 203k loan can revolutionize your real estate strategy!Here's what Skip shared that you NEED to know:The FHA 203k Loan: This isn't your grandpappy's home loan. It's a unique financing option that bundles the purchase price and the cost of renovations into a single loan. That means you can buy a fixer-upper and finance the entire renovation project at once! No more juggling multiple loans—it's one simple solution.Beyond Cash Buyers: With FHA 203k, you tap into a HUGE pool of buyers who aren't limited to cash offers—namely, those looking for a house to make their own! This significantly expands your potential buyer base, increases your chances of a swift sale, and eliminates the time and money usually spent on rehab yourself. AI-Powered Rehab Estimates: We discussed a revolutionary new tool that utilizes AI to estimate the rehab cost for your fixer-upper. This is way faster and more accurate than traditional methods, taking the guesswork out of the entire process. This speeds things up enormously! CHECK IT OUT HEREFlexible Financing: FHA 203k isn't just for first-time homebuyers. It can be used by anyone, regardless of credit score (within reason, of course), giving you flexibility when deciding on financing your rehab. It's also incredibly helpful to buyers who may not qualify for a conventional loan.Strategic Partnerships: We discussed forming partnerships with real estate agents to educate them about the FHA 203k loan's possibilities. This leads to more referrals and unlocks a wealth of potential deals. It's a win-win-win for everyone involved.Humor Break: Remember those "before and after" home makeover shows? The FHA 203k loan is the real-life equivalent, only without the drama of screaming contractors and surprise budget overruns (mostly!).Skip also shares real-world examples and expert advice, debunking common myths surrounding the FHA 203k. Learn about the role of HUD consultants, ways to mitigate financial risks during the renovation process, and strategic tips for maximizing your returns.Ready to uncover hidden profits in the real estate market?Watch or listen to this episode! Visit www.Ready4Remodel.com to learn more about the FHA 203k loan, how it can help you maximize your investments, and how to access the latest AI-powered tools and resources. Follow us on all socials for daily updates and more real estate insights!Watch the original VIDEO HERE!Book a call with SKIP HERE!Talk with Scott Carson HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

This Note Investing Case Study Will Blow Your Mind (and Maybe Your IRA)Hey note-heads! Welcome to another episode of The Note Closer Show, where we dissect deals, dish dirt, and deliver the delicious details of the note investing world. Today's episode is extra special, so grab your coffee (or tequila – we don't judge!), and let's dive in.We're exploding with excitement because one of our Newark coaching students just closed their FIRST EVER DEAL – and it's a doozy. Not only did they close in under 90 days, but they achieved a staggering 28% ROI (Return on Investment) in the first couple of years! And the cherry on top? They funded the entire thing with their self-directed IRA—making it completely tax-free! Talk about a win-win!Before we spill the beans on this incredible success story, let's make sure we're on the same page about what a Non-Performing Note (NPN) is. Basically, it's a loan where the borrower has fallen behind on payments. Secured Equities buys these notes at a discount, aiming to help the borrower get back on track or finding alternative solutions, and then reaping the rewards. Think of it as real estate's version of a fixer-upper—only way more profitable.This isn't a get-rich-quick scheme. A lot of folks think finding deals is tough, but the truth is, it's about knowing where to look (and having a good teacher!). This student went through a few duds before hitting the jackpot, which just goes to show the importance of persistence. Remember: even the most successful investors experience setbacks!Here are five key takeaways from this amazing case study:Fast ROI: This deal showcases the potential for incredibly quick returns in note investing. 90 days to a deal and a 28% ROI?! Yeah, that's what we're talking about.Tax Advantages of Self-Directed IRAs: Leveraging a self-directed IRA for note investing can significantly reduce taxes and increase your overall profits. Think of your IRA as a high-yield savings account that's also a real estate investment!Borrower Rehabilitation: The focus wasn't just on maximizing profit; the team worked to help the borrower get back on track with a Chapter 13 bankruptcy plan. This is not only ethical but can often lead to a more favorable outcome for everyone involved. It creates a win-win!Risk Mitigation: Through careful due diligence, the student identified a property with a clear path to profitability. They understood that while the home itself wasn't perfect, the numbers made sense and the strategy to help the borrower minimized risk.Power of Persistence: Remember, this success didn't happen overnight. This student went through several offers before hitting the big one. The key takeaway here is that even seasoned professionals face failures, it's about learning from them and moving on.This deal is a testament to the power of education, a strategic approach, and knowing where to find the deals. Note investing isn't just about finding cheap properties; it's about finding deals with good underlying value and sound financial strategies.Want to learn more about note investing and possibly turn your own IRA into a passive income machine?Check out our upcoming workshop in Austin, Texas! It's jam-packed with note-finding secrets, fundraising strategies, and deal structuring techniques. Get your discounted ticket now (before we change our minds). Visit HTTP://notebuyingfordummies.com to get started!Stay tuned for more exciting case studies, tips, and tricks. Until next time, keep closing those deals, and don't forget to subscribe for more Note Closer goodness!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Get ready to supercharge your real estate investing game! This episode features Hard Money Gary, a real estate ninja who's mastered the art of securing funding for any project. Forget the endless struggle of finding money—Gary shares his proven strategies, turning years of experience into profit for himself and clients.This isn't your typical dry real estate finance discussion. We kick things off by exploring various funding options, demystifying the often-confusing world of real estate loans. Gary weaves in anecdotes from his personal journey, from wholesaling to building a nationwide hard money network. Prepare for a rollercoaster of humor and wisdom!Key takeaways from this must-listen episode include:Mastering Outreach: Ditch the awkward cold calls and generic emails! Learn the most effective strategies to find lenders, including networking, online platforms, and writing compelling messages. Forget the awkward small talk – we teach you how to close deals effectively!Hard Money & DSCR Loans: Gary breaks down hard money and DSCR loans with humor and clarity. Discover how to choose the right loan type for your unique situation, and understand interest rates like a pro (no more confusing financial jargon).Building Winning Relationships: Learn how to build strong connections with lenders that lead to ongoing success. Tips on maintaining positive relationships and getting repeat business are included – forget those one-off deals!Avoiding Costly Mistakes: Gary reveals common pitfalls many investors fall into and shares how to avoid those costly errors. This is your crash course in how to stay financially fit.DSCR Loan Details: Get to grips with what a DSCR loan is, and when it's the right solution for your project. DSCR loans are your secret weapon to securing the financing you need.Rehab & Repair Financing Strategies: We dive into the nuts and bolts of loan-to-cost, loan-to-value, and loan-to-ARV. Learn how to master these crucial elements of project financing.This podcast isn't just theory; it's real-world advice. Gary's infectious energy will inspire you to take action. But be warned: you might get too fired up listening! So grab a beverage, settle in, and prepare to become a real estate funding master.What you'll also discover:Why understanding various financial strategies is essential for successful real estate ventures.Insights on avoiding common mistakes in securing funding.How to make social media work for you in your search for lenders.Practical strategies for building long-lasting lender relationships.This podcast is your guide to securing the funding you need for your real estate endeavors. Don't miss the chance to learn from one of the best in the business! Like, subscribe, and share this with your fellow real estate investors.Watch the original VIDEO HERE!Connect with GARY BROWN HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Unlocking the Secrets to Finding Non-Performing Notes: A Note Investor's GuideHappy Monday, fellow note-slingers and deal-makers! Let's face it, the world of note investing can feel like a treasure hunt in a swamp – lots of murky water and questionable treasures. This week's episode delves into how to find those elusive, high-quality non-performing notes – the ones that aren't swamp-things. Forget wading through endless lists of land notes and performing loans, let's get you to the good stuff!The speaker's experience highlights the common frustration of finding quality deals. He describes a LinkedIn post from someone lamenting the lack of good non-performing notes available, stating that the market is flooded with "crap". Sound familiar?The Myth of the "Low-Hanging Fruit":Many new investors rely on their LinkedIn network or Facebook groups for leads. While this can work, it often yields low-quality deals – a mix of firsts and seconds, frequently low-balance loans from less-than-ideal sources. Think of it like fishing in a pond full of minnows: Sure, you can catch some, but are you really going for the big tuna?Where the Real Deals Hide:The fact is, there's a significant number of non-performing notes out there. We're talking millions of loans that are underperforming, and they're not just sitting in plain sight! You won't find them hanging around on Facebook, that's for sure! Here's the real secret:Direct Sourcing: Target direct sources, like banks (think beyond the big guys – regional banks often have more readily available inventory) and asset managers. Forget the big sharks; focus on finding the smaller, more approachable fish in the pond.Marketing is Key: Market your services actively. A 3% default rate on 80 million homes equals millions of opportunities, but you need to get in front of those who control them.LinkedIn Power: Optimize your LinkedIn profile. Don't be a grainy, blurry photo from 1998. Dress to impress, folks! It's your digital storefront! Target Asset Managers with specific job titles using LinkedIn's search functions. Be professional and clear about what you do and who you are.Network, Network, Network: Attend industry events (or at least research the attendee lists) to get direct contact information. This is your chance to network and find hidden gems that the general public never gets a whiff of. Bring business cards, and for goodness' sake, dress nicely!Phone Calls Still Matter: Email campaigns are great, but phone calls are the ultimate closer. A well-structured call blitz can yield amazing results – even if it feels like you're hauling a thousand-pound phone at first.Avoiding Common Pitfalls:The biggest mistake new note investors make is focusing only on seconds. While seconds can be profitable, they're not always easily found at good prices. First liens are more profitable and easier to acquire capital for!Final Thoughts:Finding quality non-performing notes is a process. It's not a get-rich-quick scheme, but rather a strategic approach requiring focus, consistent marketing, and a dash of resilience. Remember, the treasure is out there; you just need to know where (and how) to look for it.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

The Minnesota real estate market is heating up, and savvy investors are always looking for a deal. This week's podcast features a deep dive into four Minnesota foreclosure notes, offering insights into note investing strategies. Our host and special guest, Dale Brost, break down each deal, revealing the challenges and opportunities in this niche market. (Fair warning: this analysis goes beyond simple spreadsheets!)Minnesota Market Dynamics:The podcast begins with a brief overview of the Minnesota real estate market, emphasizing the current tight inventory and high demand for rental properties. This is setting the stage for our deep dive into the note market. Did you know Minnesota has more shoreline than the East and West Coasts combined? It's a big state for a reason.Four Minnesota Foreclosure Notes—A Case Study:The heart of this podcast is a detailed analysis of four foreclosure notes. The analysis includes:Property Details: Each property's specifics such as address, size, features, and current condition are reviewed. Photos are also examined to assess the property's condition and estimate potential rehab costs. (One note even involved a car in the garage covered in dust—a great photo op for a “before” shot!)Financial Data: Unpaid balance, legal balance, BPO (Broker Price Opinion) values, and estimated closing costs are analyzed.Equity Analysis: Properties with positive equity are more favorable and offer higher potential returns; the equity position of the notes heavily influence deal strategy.Foreclosure Timeline: Our host discusses the typical timeframe for Minnesota foreclosures, including the crucial redemption period. In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment.Strategic Approaches: Two primary strategies are evaluated for each note: selling at a foreclosure auction versus taking back the property and selling it as an REO (Real Estate Owned).The Importance of Due Diligence:Our host and guest emphasize the importance of due diligence in note investing. This includes:Reviewing the Property: A visit to the property (or reviewing high-quality photos) to assess the condition and evaluate the potential ROI.Locating Key Information: Obtaining detailed information such as property taxes and legal descriptions.Understanding the Foreclosure Process: Familiarizing yourself with the state-specific laws and regulations.Beyond the Spreadsheets:This podcast goes beyond spreadsheets and numbers, offering valuable insights into:Working with Rehab Partners: Our host stresses the value of collaborating with experienced contractors.Market Trends: The current state of the Minnesota real estate market is discussed, including how this impacts the note market.Flexibility in Investment Strategies: Different strategies are suited for different properties, and experience is crucial.Humor to Relate To:“Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.”“In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment.”Call to Action:Ready to learn more about Minnesota note investing? Listen to the full podcast and subscribe for more insights! Leave your comments and questions below!Connect with Dale Brose HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Real estate investing can be incredibly rewarding, but let's be honest – the accounting side can be a real headache. This week, we talked with Adam Hamilton, co-founder of REI Hub, a software designed to help landlords and investors manage their books effectively. Adam's insights are pure gold, especially if you're tired of endless spreadsheets and tax season stress. This interview was a game-changer!Why REI Hub?Adam's journey started with a simple observation: many real estate investors are struggling to manage their finances effectively. This is often due to a lack of time, accounting expertise, and use of general accounting software not designed for the specific needs of the rental property world. Unlike other investors, Adam understands the need for specialized software. He wants to keep things simple!Top 3 Mistakes Investors Make with Their Accounting:Adam shared the three most common mistakes investors make with their rental property accounting:No Strong Foundation: Many investors don't set up proper accounting systems from the start. This includes failing to separate their personal and business finances, leading to messy books and missed opportunities for deductions. Hint: Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.Failing to Review: Many investors enter transactions into their accounting systems without regularly reviewing the data or generating reports. This can lead to unexpected surprises at tax time. Think of this as trying to navigate with a torn map. You'll probably get lost!Ignoring Key Deductions: It's easy to overlook potential tax deductions such as mileage, depreciation, and loan interest expense. Missing out on deductions is like leaving money on the table – a big no-no in real estate!REI Hub: Your Accounting Solution:REI Hub aims to solve these problems by providing:Intuitive Software: The software is designed specifically for real estate investors, with transaction types and account categories that closely match the language of the industry.Integration with TurboTenant: If you're already using TurboTenant for property management, REI Hub integrates seamlessly, eliminating the need for double data entry.Dynamic Loan Amortization: REI Hub automatically breaks down your loan payments into their principal, interest, and escrow components, making it easier to track and report these expenses.Automated Tax Review Process: REI Hub walks you through a tax review process, making sure you aren't overlooking key deductions or tax strategies. We're not CPAs, but we'll provide your CPA with all the ammunition they need.Expert Support: REI Hub's support team is knowledgeable about real estate accounting and is available to answer your questions. This is support that actually understands your struggles!Beyond the Basics:This interview also touched upon:Asset Protection Strategies: Keeping personal and business finances separate protects against potential liability. (Think of it as separating your business's expensive suits from your old college sweatshirts—one protects your investment, while the other keeps you comfortable.)Tax Law Changes: Stay up-to-date on changes to the tax laws that may impact your rental income and expenses.Humor to Relate To:“Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.”“Missing out on deductions is like leaving money on the table – a big no-no in real estate!”Call to Action:Ready to take control of your rental property accounting? Visit REIHub.net to learn more and sign up for a free trial! Share your own accounting horror stories in the comments below! http://snip.ly/REIHubSIGN UP FOR REI HUB HERE!SIGN UP FOR TURBO TENANT HERE!WATCH THE ORIGINAL VIDEO HERELove the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show Faceboo

Financial Fitness for Real Estate Investors: A Conversation with Tony SteuerIn the fast-paced world of real estate, it's easy to get caught up in the thrill of the deal. But what about your financial fitness? This week, we had the pleasure of speaking with financial expert Tony Steuer, who is changing the way we think about money. Tony's insights are as relevant to your personal finances as they are to your investment strategy. His advice could be exactly what you need to kick-off 2025 on the right foot.Tony's Journey:Tony's journey from life insurance agent to internationally recognized financial preparedness advocate and Forbes Insurance Advisory Board member is nothing short of inspiring. This conversation wasn't just about money; it was about mindset! He started by recognizing a crucial gap in the financial industry—a lack of clear communication around insurance products, which leaves many people confused and vulnerable.Debunking Insurance Myths:Tony debunks common misconceptions surrounding insurance, particularly life insurance. He clarifies the following points:Life insurance isn't an investment: While some life insurance policies have an investment component, they are primarily designed to provide risk protection, not wealth generation. (Think of it as a safety net, not a get-rich-quick scheme!)Surrender charges are real: Be aware of hefty fees charged if you withdraw your money before a specific period. These can dramatically impact your returns, especially in the early years of the policy.Your insurance needs change: What made sense at 30 might not make sense at 60. Regularly review and adjust your coverage to reflect your evolving financial situation and risk tolerance.Term vs. Whole Life: Understand the differences to better decide which is right for you!The importance of planning: Tony stresses that a comprehensive financial plan should encompass all aspects of your financial life – including insurance, investments, debt, and estate planning.The Get Ready System:Tony's “Get Ready System,” detailed in his book, The Get Ready Blueprint, is a game-changer. It provides a structured, step-by-step approach to achieving financial fitness. The system uses a weekly calendar, prompting users to tackle different financial areas each week. This is a practical, easily-implementable strategy that's perfect for busy entrepreneurs who need to stay organized. (It might even help you finally tackle that overflowing inbox!)Why a Holistic Approach Matters:Tony emphasizes the importance of taking a holistic view of your finances, integrating all aspects of your financial life into one comprehensive plan. He discusses issues such as:The legacy you want to leave: Most people want to leave something for their children, but don't communicate their wishes to their families.The importance of long-term care planning: As we age, the need for long-term care increases. Planning ahead can significantly reduce financial burdens and emotional stress for both you and your loved ones.The impact of global warming on insurance: Insurance companies are already reacting to the impact of climate change, resulting in increased premiums and reduced coverage in high-risk areas.Humor to Relate To:“Sometimes, landlord life feels more like a reality TV show than a lucrative business.”“You may never need your insurance... but what if you do?”Call to Action:Ready to take control of your financial future? Check out Tony's work via the links in the show notes!Connect with Tony HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Sign up for the Note Buying Workshop HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest

Landlord Life Hack: TurboTenant Review & Interview with Krista RuetherAre you a real estate investor drowning in overflowing toilets and endless tenant communication? Let's be honest, sometimes landlord life feels more like a reality TV show than a lucrative business. This week, we dove deep into the world of streamlined rental management with Krista Ruether, Senior Education Content Manager at TurboTenant. Krista's insights and TurboTenant's features could be the game-changer you've been waiting for.Krista shared a wealth of information on common landlord pain points, offering solutions that had this podcast host nodding in agreement (and maybe even shedding a single, happy tear – because who doesn't love efficient processes?).The Three Biggest Landlord Pain Points (and How to Fix Them):According to Krista, the biggest hurdles for landlords are:Lack of Education: Don't know your landlord rights? You're setting yourself up for trouble. Krista emphasizes the importance of understanding local and state laws to protect your investment – and your sanity.Piecemeal Systems: Juggling spreadsheets, multiple apps, and endless manual tasks is a recipe for disaster. TurboTenant provides an all-in-one solution to manage applications, lease agreements, maintenance requests, and more.Treating Tenants as Adversaries: Krista suggests viewing tenants as business partners. A positive relationship fosters respect, reduces turnover, and maximizes your ROI. Think "win-win," not "landlord vs. tenant!"TurboTenant: More Than Just SoftwareTurboTenant isn't just software; it's a comprehensive platform designed to streamline every aspect of your rental business. Key features include:AI-Powered Lease Audits: Avoid legal nightmares with automated lease reviews that identify outdated clauses and missing disclosures. This one is a real time-saver!Automated Rent Collection: Say goodbye to late payments and awkward conversations. TurboTenant simplifies rent collection with automated reminders and secure online payment processing.Robust Communication Tools: Manage tenant communication effectively with integrated messaging features, maintenance requests, and more. No more chasing down tenants for repairs!Multi-Family Property Management: Scaling up? TurboTenant makes managing multiple units a breeze.Extensive Lead Generation: Reach a wider audience and fill vacancies quickly by syndicating your listings to dozens of popular rental websites.Beyond the Basics:The interview also touched on:Managing Squatters: Krista shared some helpful tips on dealing with this common landlord headache (without resorting to dramatic legal battles).Staying Up-to-Date on Legal Changes: Laws and regulations are constantly evolving. TurboTenant helps landlords stay informed and compliant.The Future of Rental Markets: Krista offered valuable insights into current market trends and future predictions, including the rising popularity of ADUs (Accessory Dwelling Units).Humor to Relate to:Remember that time you had to deal with a tenant who tried to pay rent in gold bars? Yeah, we've all been there. (Though we may not have accepted gold bars, at least not yet.)In a nutshell, TurboTenant isn't just software; it's a potential game-changer for landlords. If you're ready to streamline your processes, enhance tenant relationships, and boost your bottom line, check out TurboTenant today. You can find the link in the show notes.Call to Action:Visit TurboTenant.com to learn more and sign up for a free account. Let Krista and her team help you take control of your rental business! Leave your comments below - and let us know your own landlord war stories!Watch the original VIDEO HERE!Book a call Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show Vimeo

Master Your Buy Box: The Note Guy's Guide to Note Investing SuccessHappy Money Mondays, everyone! Scott Carson, The Note Guy, is back with another insightful episode, this time focusing on a crucial aspect of successful note investing: defining your buy box. Think of your buy box as your ideal note profile—the criteria that determine whether a note is worth your time and money. No more chasing every shiny object that comes your way!Scott's approach is all about strategic focus and streamlined efficiency. He's seen it all: the rookie mistakes, the near misses, the occasional big wins—and he's ready to share his hard-earned wisdom with you. He emphasizes that a clearly defined buy box keeps you focused on profitable deals, saves you time and energy, and boosts your overall success.Key Elements of a Profitable Buy Box:Active vs. Passive: Are you an active investor who enjoys hands-on deal-making, or are you a passive investor who prefers low-maintenance, high-yield investments? Your buy box must align with your chosen level of involvement.ROI Targets: What's your desired rate of return? This depends on factors such as whether you're using your own funds or OPM (other people's money), the risk tolerance for your investment, and the timeframe for your investment. Scott suggests higher ROI targets for active strategies and lower targets for passive ones.Geographic Focus: Will you focus on local deals or cast a wider net? Consider factors such as your familiarity with different markets, transportation costs, and the local laws and regulations governing foreclosures. Scott cautions against getting "spread too thin," emphasizing the importance of mastering your local market before expanding.Asset Preferences: Do you prefer residential or commercial properties? What's your preferred price point? Scott suggests prioritizing occupied properties (to minimize rehab costs and potential headaches) and avoiding unique or overly complex assets.Legal Considerations: Are you comfortable navigating judicial or non-judicial foreclosure processes? Judicial foreclosures can be lengthier and more complex, so consider your tolerance for this.Humor and Relatable Moments:Scott sprinkles his expertise with plenty of humor and relatable anecdotes, drawing on his extensive experience in the note investing world. He pokes fun at the "joker brokers" who claim to buy "everything," highlighting the importance of clearly defining your criteria for success. He also shares some cautionary tales about the pitfalls of buying vacant properties or chasing after low-yield, short-term deals.He emphasizes the importance of avoiding "shiny object syndrome," which can lead to making emotional decisions and wasting valuable time and resources. He also cautions against unrealistic expectations and the need to balance active and passive strategies.Actionable Steps to Creating Your Buy Box:Self-Assessment: Analyze your investing style, experience level, financial resources, and risk tolerance.Market Research: Gather information on local market conditions, property values, and foreclosure laws.Define Your Criteria: Based on the previous two steps, create a detailed profile of your ideal note.Test and Refine: Implement your buy box and track your results. Make adjustments as needed, focusing on what works and discarding what doesn't.Building a well-defined buy box is the foundation for successful note investing. By sticking to your criteria, you'll save time, minimize risk, and maximize your potential for profitability. Listen to Scott's podcast for more in-depth insights!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Sign up for the next Note Buying WorkshopLove the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show Vimeo

Unlock Your Retirement Riches: Self-Directed IRAs for Real Estate InvestorsLet's be honest: burying your cash under the mattress or hiding it in a can of tomatoes isn't a winning long-term investment strategy. But what if there was a way to secure your financial future, minimize taxes, and build wealth through real estate investments? This week on The Note Closure Show, we had Kyle Moody, Business Development Manager at American IRA, sharing his expertise on self-directed IRAs (SDIRAs). Get ready to ditch the piggy bank and embrace the power of smart investing!Kyle's insights come from years of experience working with real estate investors, just like you. He understands the unique challenges of our industry and the need for investment vehicles that deliver both flexibility and tax advantages. SDIRAs fit the bill perfectly.Why Self-Directed IRAs are Game-Changers for Real Estate Investors:Control Your Investments: Unlike traditional IRAs, SDIRAs give you complete control over your investments. You decide where your money goes, not some faceless financial institution. You can invest in a wide range of assets, including real estate, notes, private placements, and more.Tax Advantages: SDIRAs offer significant tax advantages. Contributions may be tax-deductible, and your investments grow tax-deferred, meaning you only pay taxes when you withdraw the funds in retirement.Flexibility: SDIRAs give you the freedom to invest as you see fit. Unlike 401(k)s, there are no restrictions on investment choices, nor any limits on the amount you can contribute each year. Protection: SDIRAs provide asset protection that traditional IRAs often lack. Your assets are shielded from creditors and lawsuits, offering valuable peace of mind. Leveraging Other People's Money (OPM): An SDIRA allows you to leverage OPM (other people's money) through joint ventures and syndications, exponentially expanding your investment potential.Humor and Relatable Moments:Kyle's story was filled with relatable anecdotes about the frustrations and triumphs of building a successful real estate business. He shared stories about dealing with bureaucratic hurdles (like the infamous "medallion stamp") and the importance of choosing a provider that offers top-notch customer service. American IRA's commitment to personal service makes them stand out from the crowd, according to Kyle and Scott.The discussion also touched on the various types of SDIRAs available (solo 401(k)s, traditional and Roth IRAs, etc.), the different contribution limits for each, and the importance of working with a qualified CPA and attorney to optimize your tax strategy. Kyle emphasized that while SDIRAs are not for everyone, they can be incredibly powerful tools for building wealth through real estate and other strategic investments.Actionable Steps for Real Estate Investors:Research and Choose a Provider: Do your homework and find a reputable SDIRA provider with exceptional customer service.Set Your Investment Goals: Determine your investment strategy and asset allocation.Establish Your SDIRA: Once you've chosen a provider, open your SDIRA account.Fund Your Account: Begin contributing to your SDIRA as soon as possible. Remember, time is money in the world of investing.Scott and Kyle make a powerful team, bringing their insights and expertise to the topic of investing for the future. Their podcast offers practical advice, relatable anecdotes, and a few laughs along the way. It's a must-listen for any real estate investor looking to build a secure financial future!Book a call with KYLE HERE!Watch the original VIDEO HERE!Book a call with Scott Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Become a Note Investor in 2025: The Note Guy's Action PlanHappy New Year, fellow real estate enthusiasts! This year, let's stop dreaming about building our real estate empires and start making it happen. This week on The Note Closure Show, Scott Carson, aka The Note Guy, laid out a no-nonsense roadmap for becoming a successful note investor in 2025. No more wishing, no more waiting—it's time for action!Scott emphasizes that note investing isn't a get-rich-quick scheme (sorry, folks, no overnight millionaires here!). It's a marathon, not a sprint, requiring patience, strategy, and a healthy dose of grit. He debunks the common misconception that wholesaling equates to note investing. Wholesaling is flipping deals for a quick profit; note investing is strategically acquiring and managing notes for long-term returns. Think of it like this: wholesaling is dating; note investing is marriage. One's a fling, the other is a commitment—and it yields far greater rewards.Scott's Key Strategies for Note Investing Success in 2025:Choose Your Niche: Note investing offers diverse niches. Do you want to focus on performing or non-performing notes? Residential or commercial? Owner-financed or institutional debt? Pick a niche that aligns with your experience, time commitment, and risk tolerance. Don't try to be a jack-of-all-trades; master one niche before branching out.Build Your Buy Box: Don't just buy any note that comes your way. Define your ideal note, including location, property type, loan amount, and terms. This is crucial for maximizing your ROI and minimizing risk. Scott's "buy box" strategy keeps him focused on notes with high cash flow potential.Master the Marketing Game: Forget outdated marketing strategies. Scott prioritizes direct outreach to lenders and banks through phone calls, email blasts, and—most importantly—LinkedIn. It may take some time to build a strong network but it's worth the effort. It's all about building relationships and letting lenders know exactly what you're looking for.Leverage the Power of Referrals: Your network is your goldmine. Build strong relationships with lenders, banks, and other note investors. Referrals often lead to the best deals.Embrace the Marathon Mindset: Note investing takes time, patience, and due diligence. Don't expect overnight riches. Focus on consistent marketing, due diligence, and building your portfolio. It's about steady progress and long-term returns.Humor and Relatable Moments:Scott's talk was peppered with hilarious anecdotes about the challenges and rewards of note investing, including his own mistakes (like the near-decade-long foreclosure process on a badly chosen junior lien). He emphasized that learning from mistakes is part of the process. You'll also find it funny when he calls out investors for making lowball offers on notes, reminding us that aggressive bidding won't always work—sometimes, relationship-building yields better results.The podcast also highlighted the importance of building a strong online presence. Think of it as your digital storefront. A well-designed website and a robust LinkedIn presence, along with some targeted advertising, can attract promising deals and investors alike. This is a must-have in today's digital age.Scott's message is clear: Stop daydreaming and start taking action! 2025 is the year to seize opportunities. Don't wait for the perfect deal or the perfect moment. Start building your note-investing strategy today, and make this your most successful year yet!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

From Paycheck to Paycheck to Property Portfolio: A Budget Coach's SecretsLet's face it, real estate investing is a rollercoaster. One minute you're riding high on a successful flip, the next you're grappling with a leaky roof (and a two-year-old who mysteriously clogged the sink, resulting in a ceiling renovation). But amidst the excitement and occasional plumbing nightmares, there's one constant that can make or break your success: your budget. This week, we had Zach Wechel, founder of MyBudgetCoach.com, on the show, and he shared some seriously savvy strategies. Forget the mental math and guesswork; Zach advocates for zero-based budgeting, a game-changer for anyone aiming to build wealth, whether it's in real estate or beyond.Zach's journey started unexpectedly—two kids and a pandemic created an urgent need for a budget. What followed was not only a transformed family life but a passion project that's helping countless others gain control of their finances. He emphasizes that budgeting isn't just about restricting spending; it's about intentionally allocating every dollar. Think of it as assigning each dollar a job before it even leaves your account. No more mysterious disappearances into the void of "miscellaneous spending"!Key Takeaways from Zach's Budget Wisdom:Zero-Based Budgeting: The cornerstone of Zach's approach, this method allocates every dollar to a specific category before spending. It's like assigning a job description to each dollar, preventing random spending sprees. This is particularly important for real estate investors who often deal with irregular income streams and unexpected expenses. The "Living Document" Budget: Zach stresses that a budget isn't a static document. It's a living, breathing entity that adapts to changing circumstances (like an unexpected water leak in your new investment property). Regularly review and adjust your budget as your life and priorities evolve.The Power of Planning: A budget isn't just about tracking spending; it's about planning for the future. Zach advocates for creating "buckets" for specific goals, like a down payment fund for your next investment property or even Christmas gifts (because let's face it, inflation hits even Santa's sleigh).Embrace the "Buckets": This is not a financial advice, but a life hack. Having specific buckets for goals like that next investment property, holiday spending, or even those inevitable emergency repairs can keep you on track, reducing stress and helping you stay ahead of the curve.The Accountability Partner (a Coach): Zach's platform, MyBudgetCoach, offers more than just an app. It provides access to certified financial coaches who can guide you, provide support, and ensure you stay accountable to your goals. Sometimes, having someone else to hold you accountable makes all the difference.Get Signed Up For MyBudgetCoach.com HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

LinkedIn for Real Estate: Anthony Jones's Secrets to SuccessIn today's digital age, a strong online presence is crucial for real estate investors. But with so many social media platforms vying for your attention, where should you focus your efforts? Today's podcast features Anthony Jones, a LinkedIn expert with over 20 years of experience, who shares his insights on leveraging LinkedIn for real estate success. He's not just talking about posting random updates; he's sharing strategies for building a powerful personal brand and generating consistent deal flow.Anthony's journey started unexpectedly in the non-profit world, where he discovered the power of LinkedIn for fundraising. But he quickly realized its potential for business growth, transforming it into a primary lead generation tool. He jokingly refers to his initial LinkedIn experience as "learning by doing," a testament to the power of experimentation and the iterative process of building a successful online presence.Anthony's advice focuses on using LinkedIn for relationship-building, brand building, and consistent engagement, rather than just for cold outreach or sales pitches. Here are five key takeaways from his insights:Professionalism Trumps Gimmicks: Forget the flashy videos and dance moves. On LinkedIn, a professional approach resonates best. Focus on providing valuable content and engaging authentically with your network.Master Short-Form Video: Short videos are hugely effective for gaining visibility on LinkedIn. Using AI tools can streamline the process, making content creation easier and more efficient. This also helps to cut through the noise of the everyday feed.Go Live Regularly: LinkedIn Live streams are a powerful tool for building relationships and generating leads. Use a co-host to keep things flowing smoothly, and don't forget to repurpose the content into shorter video clips for your feed.Leverage LinkedIn Newsletters: Newsletters can significantly expand your reach. Make sure your first newsletter is compelling and well-written, maximizing LinkedIn's automatic promotion to your contacts.Optimize Your Profile: Craft a compelling “About” section that focuses on your ideal client's pain points and includes a clear call to action. Also, make sure your profile picture and header image are up-to-date and visually appealing.Anthony's expertise extends beyond simply using LinkedIn; he provides coaching and resources for those seeking to build their personal brands, create content, and leverage LinkedIn effectively. He recently launched the Brandwagon Club, an online community dedicated to helping real estate professionals master LinkedIn. Remember, building a strong personal brand takes time and effort, but the rewards are worth it. It's not just about closing deals; it's about building long-term relationships and establishing yourself as a trusted expert in your field.You can connect with Anthony Jones on LinkedIn and through his Brandwagon Club. Remember, building a successful real estate business involves more than just finding deals. It also requires strategic marketing, consistent engagement, and a commitment to building your personal brand. Until next time, happy investing!Watch the original VIDEO HERE!Connect with Anthony HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Today's podcast features Derek Kinney, author of Good Money Revolution, and a financial expert who helps people transition from middle-class comfort to millionaire status. His approach isn't about complicated financial jargon or get-rich-quick schemes; it's about a simple, five-step plan that helps you identify what you want and take actionable steps to achieve it.Derek's story is a testament to the power of mindset and intentional action. He wasn't born into wealth, but he achieved financial freedom through dedication and a clear vision. He compares the financial world to a vault; most people believe only a select few know the combination, but Derek's mission is to share the "combination" so that anyone can access the secrets to financial success.Here are five key takeaways from Derek's advice:Identify Your Goals: Write down three personal and three financial goals, then specify what you'll lose if you don't achieve them. Visualizing both positive outcomes and the negative consequences is a powerful motivator. (And yes, this includes having that extra latte every day. Let's be real, it's part of the dream!)Earn What You Deserve: Don't just settle for what you're currently making. Identify ways to increase your value at your current job by taking on more responsibility, improving efficiency, or providing more value. Remember, the more value you bring, the more you'll earn.Launch a Side Hustle: Leverage your skills and talents to create a side hustle. What are you good at? What do people constantly ask you for help with? Turn that skill or passion into a profitable business.Give Back: Linking your financial goals to a charitable cause provides motivation and adds more meaning to your work. Helping others can lead to stronger relationships and enhance your own sense of fulfillment. (And yes, there is also tax benefits to consider!).Celebrate and Reward Yourself: Celebrate your successes, big or small. This keeps you motivated and helps you build momentum. Don't beat yourself up over setbacks. Learn from your mistakes, adjust your strategy, and move forward.Derek's "Millionaire Money Map" provides a simple yet powerful framework for achieving financial freedom. This approach emphasizes the importance of setting clear goals, taking consistent action, and having fun along the way.You can find Derek Kinney's book, Good Money Revolution, and more information on his website, AnyoneCanBecomeAMillionaire.com. He's also active on Instagram (@DerekTKinney). Remember, achieving financial success isn't about luck or complicated financial schemes; it's about intentionality, consistency, and the willingness to help others. Good luck, and happy investing!Watch the original VIDEO HERE!Book a call with SCOTT HERE!About Derrick Kinney: Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Wholesaling notes can be a lucrative strategy for real estate investors, offering a path to quick profits and building valuable experience. But, like any business venture, it requires knowledge, strategy, and a dash of good old-fashioned hustle. Today's podcast dives into the thirteen critical questions you should always ask yourself before diving into a note wholesaling deal. Skipping these steps could mean losing time, money and potentially your sanity (which, as any seasoned entrepreneur knows, is a precious resource).Think of it this way: you wouldn't walk into a high-stakes poker game without knowing the rules, would you? Similarly, approaching note wholesaling without a solid understanding of the deal can lead to costly mistakes. To avoid that, let's go through the thirteen questions that you should always ask yourself before buying a note:Know Your Pricing: Before you even consider sending out offers, you should know your pricing strategy and ideal profit margins. A buyer who can't confidently state a fair market price is setting themselves up for failure. Don't be that guy (or gal).Determine Who's in Control: Who really controls the deal? If the note information comes from a friend-of-a-friend, you likely aren't the one in control. A deal where you are directly involved with the seller gives you the most control and reduces potential headaches.Understand the Deal: Make sure the deal itself is actually profitable. You should confidently understand the asset's value, potential cash flow, and potential profit margins in a range of scenarios (e.g. successful re-performance versus foreclosure). A deal that isn't profitable for you isn't a deal at all.Determine Who Are The Best Buyers: Knowing your target buyers ensures effective marketing efforts. Understanding their needs will help you find the perfect buyer for your notes. Are you going after passive investors or aggressive flippers? This will define your marketing strategy and timing.Timing is Everything: Negotiating a deal requires understanding timelines. Consider funding deadlines, due diligence periods, and seller motivations when determining whether the deal is right for you.The remaining eight questions cover equally important aspects: Are you direct to the seller or working with another broker? What is the overall profit margin? What are the pros and cons? Do you have a buyer's list (and are you using it properly)? How are you marketing the deal? Where are your buyers located? And, finally, would you actually buy the deal and what's stopping you? If you can't answer this last question, move on. Your time is precious.Remember, note wholesaling is a numbers game—but the numbers need to be accurate. By asking these 13 key questions, you'll significantly increase your chances of finding profitable deals and avoiding costly mistakes. It's a process that requires constant education, attention to detail, and the willingness to learn from both your successes and your mistakes. Happy investing!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Sign up for the next Note Buying Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Barry Minkow Exposes Multifamily Syndication Fraud: Insights From A Convicted Felon Now Working With the FBI!The multifamily syndication market is booming, but beneath the glossy marketing materials and promises of high returns lurks a darker side: widespread fraud. Today's podcast features Barry Minkow, a reformed businessman, preacher, and former convict, who brings a unique perspective to the world of distressed debt and real estate investing. He shares his insights into the often-hidden dangers of multifamily syndication schemes.Barry isn't your typical real estate expert. His experiences, including a stint in federal prison for fraud, give him a firsthand understanding of the deceptive tactics used by some promoters. His perspective is invaluable for investors looking to avoid costly mistakes. He warns against the hype surrounding Reg D offerings, emphasizing the importance of independent verification and due diligence. He says, "Don't rely on glossy marketing materials alone. Dig deeper. Verify everything. Because what looks too good to be true, usually is."Here are five key takeaways from Barry's insights:Beware of Overly High Returns: Multifamily syndications often promise unrealistic returns. Barry cautions investors to be wary of deals offering unusually high yields, as these may be indicators of fraudulent schemes. (He humorously calls this kind of promising "the lipstick on a pig" approach.)Independent Verification is Crucial: Don't blindly trust the information provided by promoters. Conduct thorough due diligence, including obtaining independent appraisals and reviewing financial statements, before investing. Barry's own experiences highlight the consequences of neglecting this crucial step. “Trust, but verify,” he says, a lesson he learned the hard way.Understand the Numbers: Analyze financial statements closely to avoid being misled by inflated numbers. Barry stresses the importance of understanding key metrics like LTV (loan-to-value ratio), occupancy rates, and debt service coverage ratios. “If the numbers don't add up, they're probably lying,” he warns, with a wink.Look for Red Flags: Barry points out several red flags to watch out for, including unrealistic projections, lack of transparency, and aggressive marketing tactics. He recommends paying close attention to the details; if something feels off, it probably is.Don't Be Afraid to Ask Questions: Barry emphasizes the importance of asking tough questions and challenging the information presented by promoters. Don't be afraid to ask follow up questions; if the promoter is trying to obfuscate information, it's a major red flag.Barry's insights offer a much-needed dose of reality in an otherwise overly hyped market. He urges investors to exercise caution, perform thorough due diligence, and prioritize financial literacy. The consequences of fraud can be devastating – financial ruin, legal battles, and even criminal charges. It's far more prudent to protect your investment by asking questions, performing due diligence, and making informed decisions.You can find Barry Minkow on Instagram (@MinkoBarry) and TikTok (@OneMinuteFraud). Remember, in the world of real estate investing, knowledge is power – and due diligence is your best defense.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest