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Great Returns Passively Through Non-Performing Notes with Scott Carson

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Manage episode 503962993 series 3408667
Content provided by Jonathan Hayek. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan Hayek or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Click to text the show!

Shake Off the Market Jitters: How to Get Great Returns Passively Through Non-Performing Notes!

Feeling uneasy about the market? Want a truly passive real estate strategy? This episode is for you! Jonathan Hayek interviews Scott Carson, founder of We Close Notes, to unlock the secrets of non-performing note investing in today's uncertain market. Learn
how to generate amazing returns by rehabbing borrowers, not properties!

In this episode, you’ll discover:

  • Why Market Uncertainty Creates Opportunity: Why a distressed market is a note investor's playground.
  • What are Non-Performing Notes? A breakdown of what they are, how they are sourced, and how to get the biggest discounts.
  • Scott Carson's Background: How Scott built his real estate investment business and made connections with banks and asset managers.
  • The Note Investing Strategy: Buying mortgage debt direct from banks on both residential and commercial properties.
  • Preferred Note Types: Why Scott focuses on first position liens.
  • Avoiding States With Lengthy Foreclosure Time Frames: New York, New Jersey, and Chicago.
  • How to buy notes: What types of lenders and locations to consider for opportunities.
  • Community Banking: Why community banks are the perfect partners for deals under $10 million.
  • Scott's Process For Sourcing Deals:
    • Using electronic files and PDF's to gather information
    • Cash Flow Potential, Occupancy Rate, and Location
  • The Importance of Due Diligence: The steps to protect your investment.
  • Scott’s Three PayDay Systems:
    • Getting Cash flow
    • Selling the Note or Refinancing
    • Foreclosing
  • Building Relationships: with vendors, brokers, investors and lenders.
  • Common Mistakes for Newbies: How to double-check taxes and insurance in the correct way.
  • The Mindset of a Successful Note Investor: Why you need to understand the market and be the banker.
  • Getting Started on a Small Scale: Pro tips for beginners.
  • The Power of a LinkedIn Profile: Why a complete LinkedIn profile passes the "smell test" with lenders.
  • Building a Team: How to partner with servicers and other professionals.
  • How to contact banks What is the contact information for banks in charge of real estate
  • Getting High Returns: Why investors should be expecting a return of 14% to 15%.

Stop being shaken by market volatility! Tune in now to discover the power of non-performing note investing and create a truly passive income stream.

Connect with Scott:

https://weclosenotes.com/

https://www.linkedin.com/in/1scottcarson/

Email Jonathan with comments or suggestions:
[email protected]

Or visit the webpage:
www.thesourcecre.com
*Some or all of the show notes may have been generated using AI tools.

  continue reading

214 episodes

Artwork
iconShare
 
Manage episode 503962993 series 3408667
Content provided by Jonathan Hayek. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan Hayek or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Click to text the show!

Shake Off the Market Jitters: How to Get Great Returns Passively Through Non-Performing Notes!

Feeling uneasy about the market? Want a truly passive real estate strategy? This episode is for you! Jonathan Hayek interviews Scott Carson, founder of We Close Notes, to unlock the secrets of non-performing note investing in today's uncertain market. Learn
how to generate amazing returns by rehabbing borrowers, not properties!

In this episode, you’ll discover:

  • Why Market Uncertainty Creates Opportunity: Why a distressed market is a note investor's playground.
  • What are Non-Performing Notes? A breakdown of what they are, how they are sourced, and how to get the biggest discounts.
  • Scott Carson's Background: How Scott built his real estate investment business and made connections with banks and asset managers.
  • The Note Investing Strategy: Buying mortgage debt direct from banks on both residential and commercial properties.
  • Preferred Note Types: Why Scott focuses on first position liens.
  • Avoiding States With Lengthy Foreclosure Time Frames: New York, New Jersey, and Chicago.
  • How to buy notes: What types of lenders and locations to consider for opportunities.
  • Community Banking: Why community banks are the perfect partners for deals under $10 million.
  • Scott's Process For Sourcing Deals:
    • Using electronic files and PDF's to gather information
    • Cash Flow Potential, Occupancy Rate, and Location
  • The Importance of Due Diligence: The steps to protect your investment.
  • Scott’s Three PayDay Systems:
    • Getting Cash flow
    • Selling the Note or Refinancing
    • Foreclosing
  • Building Relationships: with vendors, brokers, investors and lenders.
  • Common Mistakes for Newbies: How to double-check taxes and insurance in the correct way.
  • The Mindset of a Successful Note Investor: Why you need to understand the market and be the banker.
  • Getting Started on a Small Scale: Pro tips for beginners.
  • The Power of a LinkedIn Profile: Why a complete LinkedIn profile passes the "smell test" with lenders.
  • Building a Team: How to partner with servicers and other professionals.
  • How to contact banks What is the contact information for banks in charge of real estate
  • Getting High Returns: Why investors should be expecting a return of 14% to 15%.

Stop being shaken by market volatility! Tune in now to discover the power of non-performing note investing and create a truly passive income stream.

Connect with Scott:

https://weclosenotes.com/

https://www.linkedin.com/in/1scottcarson/

Email Jonathan with comments or suggestions:
[email protected]

Or visit the webpage:
www.thesourcecre.com
*Some or all of the show notes may have been generated using AI tools.

  continue reading

214 episodes

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