This week, Scott reviews another tape of assets from a new provider. Buckle up your boot straps and hold on tight for this thrill ride of reverse mortgage notes. Scott dives into the map and spreadsheet, outlining the positives and negatives of the assets, giving tips along the way!
- Illinois Foreclosure This state takes longer to foreclose on!
- Manufactured Homes with far comps: How accurate are BPOs with far comps?
- REO and foreclosure When do you fix up and when do you flip?
- Days on Market How can you get a good price for an asset in a slower market?
- Max Claim What exactly is the max claim?
- Redemption Period and Foreclosure in the same sentence! This one is for the pros that are the most patient of note investors that are prepared for some possible litigation with estate holders!
- Manufactured Homes at high BPO's These assets are out in the middle of nowhere with comps from 20 miles away.
- Elderly Owners: Reverse Mortgages require owners that are 65 years or older, you are potentially foreclosing on grandma!
- HUD Claims: What is the HUD Max Claim?
- The Seller. This is not Scott's usual seller, so expect surprises when working with a new provider.
Whether you're a seasoned investor or new to real estate note investing, it can be a challenge so grab your education to get the right start.
Watch the Original Video Here!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
- WeCloseNotes.com
- Scott Carson Facebook
- Scott Carson Twitter
- Scott Carson LinkedIn
- Note Night in America YouTube
- Note Night in America Vimeo
- Scott Carson Instagram
- We Close Notes Pinterest
Get signed up for the Next Virtual Note Buying Workshop Now!
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.