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.

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In 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!

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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.

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59 Non-Performing Notes: Portfolio Analysis & Deal-Finding Strategies

Hey 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 note
• Identify potential red flags
• Develop a targeted investment strategy
• Take 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.

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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!

Watch the full VIDEO HERE!

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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!

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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 numbers
• How to identify potential red flags
• How to build a strong team of professionals to support your due diligence efforts

Resources:

• Order your O&E Due Diligence HERE: https://snip.ly/NewTitleSearch
• Order your BPO Orders HERE: https://snip.ly/NewBPOForm

Don'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!

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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!

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