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://www.linkedin.com/in/1scottcarson/
Email Jonathan with comments or suggestions:
podcast@thesourcecre.com
Or visit the webpage:
www.thesourcecre.com
*Some or all of the show notes may have been generated using AI tools.
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