What's the big deal between these two loan products? We've all heard how expensive it is to buy a home in this crazy market. There is some discussion among policymakers and politicians to make the dream of home ownership more affordable by making the 40-year mortgage a common practice. Banks and government entities like Freddie and Fannie have often used a 40-year mortgage as a way for lenders to avoid borrowers going to foreclosure by stretching out the payments. What are the differences betwee...
Aug 29, 2024•24 min•Ep. 893
It’s not every day that a nonperforming note pops up in Austin, TX that can be purchased as a one-off deal. So, when one does, you have to jump fast to do your quick up-front due diligence and get an offering into the seller as soon as possible! But how do you tell if this nonperforming note is a deal or a dud? How do you determine if the value is accurate or which exit strategy is more likely to happen depending on what the borrower has done in the past and the condition of the property? That’s...
Aug 27, 2024•27 min•Ep. 892
The 10 Biggest Credit Myths Busted: What You Need to Know If you're feeling frustrated by the overwhelming flood of misinformation about credit management and you're tired of making costly mistakes, then you are not alone! You may have encountered flashy promises of quick credit fixes or easy business funding, only to end up more confused and disheartened. It's time to cut through the noise and get the real, actionable strategies that will transform your credit game and set you up for lasting su...
Aug 27, 2024•49 min•Ep. 891
How Illegal Immigration Affects Property Management and Evictions Discover the shocking impact of illegal immigration on housing and communities in the US. One city is facing a crisis with a 99-unit apartment complex taken over by Venezuelan gangs, leading to chaos and distress for both the owners and residents. But this is just the tip of the iceberg. Find out which 30 cities are dealing with the most illegal aliens and the staggering consequences they face. The truth behind these numbers will ...
Aug 22, 2024•26 min•Ep. 890
Beyond the Clickbait: A Data-Driven Look at Banking Troubles Unexpectedly, a recent report by FAU on deposit ratios of uninsured bank deposits revealed some shocking insights that could lead to major market opportunities. But here's the twist - the real trouble doesn't lie with all 94 banks as sensationalized. In fact, after a deep dive analysis, it turns out that only 23 banks are in serious jeopardy. These banks are facing a perfect storm of issues, from high exposure to commercial real estate...
Aug 22, 2024•21 min•Ep. 889
Who is the Motivational Figure that Helps You Overcome Tough Times Discover the unexpected inspiration behind a motivational journey. Dive into a story of resilience, challenges, and an unexpected encounter with a beloved figure. It's a tale of finding strength in the most unexpected places. Stay tuned to uncover the heartwarming twist that will leave you feeling uplifted and ready to conquer any obstacle. In this episode, you will be able to: Discover how overcoming adversity in inspirational m...
Aug 21, 2024•19 min•Ep. 888
Are you looking for your first note deal? Are you looking for performing, nonperforming, or an REO that you can take down for your first real estate investment deal? Then check out this tape of 15 notes. Scott Carson dives into a tape of notes that one of his previous coaching students sent him that he is looking to move this month. Scott reviews each asset and discusses options for these deals. HERE IS THE MAP OF THE ASSETS CHECK OUT THE FULL VIDEO HERE! BOOK A CALL WITH SCOTT HERE! Love the sh...
Aug 20, 2024•35 min•Ep. 887
What is a sub-performing note? How do you determine the value and return on these types of deals? Scott Carson breaks down two sub-performing notes from the Land of Lincoln (Thank God they aren't in Chicago). He shares how he found them, the numbers, and the tale of the tape. Scott also discusses the potential returns on the different exit strategies from getting the borrowers back on track, evicting them, modifying the loans for cashflow, or selling off the assets. In this episode you will lear...
Aug 15, 2024•27 min•Ep. 886
Answering a Listener's Question on Working CA NOD Lists Have you heard these myths about working with California foreclosure lists? Myth 1: You can only work with big banks, not smaller lenders. Myth 2: It's impossible to find out who the lender is from the foreclosure list. Myth 3: Buying mortgage debt is a complicated process. I'll share the truth behind these myths, but first, let's dive into the secrets of navigating California foreclosure lists. In this episode, you will be able to: Discove...
Aug 14, 2024•41 min•Ep. 885
WHY FIVE MINUTES A DAY TO PLANT SEEDS WILL HELP EXPONENTIALLY GROW YOUR REAL ESTATE INVESTING BUSINESS Johnny Appleseed was a revolutionary figure who changed the landscape of the Midwest by planting apple trees all across the country and helping settlers secure their homesteads. Most people don't know of this historical figure and how his daily activities and can-do attitude helped thousands. What can we learn from Johnny Appleseed that applies to your real estate investing in the 21st century&...
Aug 13, 2024•51 min•Ep. 884
From Fix-and-Flips to Note Investing: 5 Routes to Real Estate Riches Are you tired of feeling stuck and frustrated, trying to break into real estate investing? You may have been told that you need a lot of money saved up, great credit, or connections to even get started. But let's face it, those barriers can be disheartening and make you feel like real estate investing is out of reach. If you're nodding along, feeling the pain of these limitations, then you're not alone. Many aspiring investors ...
Aug 09, 2024•28 min•Ep. 883
When The Bank Takes Back The Building: Navigating Foreclosures What if I told you that after a foreclosure, there's a surprising twist that could affect tenants, vendors, and even note investors? You won't believe the unexpected implications that come into play after the gavel falls. Stay tuned to find out how this foreclosure aftermath could turn the tables for everyone involved! In this episode, you will be able to: Understand the Legal Process of Foreclosure in Real Estate Investing: Learn th...
Aug 07, 2024•21 min•Ep. 881
With the stock market in free-fall and Wall Street locking the doors or shutting down trading to Main Street investors, note investing should look much more inviting to you and me! However, some people would say that finding above-average returns is difficult to find in performing notes. That's not the case in this Detroit, MI CFD that could yield an 18% ROI to a note buyer (if everything checks out). That's why Scott Carson took his time in this episode to go through the deal to discuss what to...
Aug 06, 2024•24 min•Ep. 880
LinkedIn Hacks to Find More Deals and Funding Sources If you're feeling frustrated because you're not finding any deals or making enough money as a real estate investor, then you are not alone! Many investors struggle to generate leads and close deals, but the key to success may lie in a simple five-minute daily routine. Imagine turning those frustrating days into a steady stream of deals and profits. It's time to take action and see real results in your real estate investing journey. In this ep...
Jul 30, 2024•50 min•Ep. 879
Equity deals can often be difficult to make happen with market pricing being often at 80% of the legal balance and in states with longer foreclosure time frames. But that's not the case for nonperforming notes in Texas, where foreclosure is the fastest in the United States. In this specific Round Rock, Texas nonperforming note case study, Scott Carson breaks down and walks you through the possible exit strategies and potential profit margins on this deal. Scott shares how to leverage the fast fo...
Jul 23, 2024•40 min•Ep. 878
Note Investing: Separating AI Fiction from Expert Facts Artificial Intelligence might be a hot topic, but even Big Brother gets wrong a large chunk of the time when it comes to researching the niche of note investing. We recently asked Google's AI about the Top 20 Questions Asked About Note Investing and what it returned with was some watered-down answers to the biggest questions. So I took the time to review each question and answer it correctly so that new note investors don't make the mistake...
Jul 19, 2024•40 min•Ep. 877
Does this sound familiar? You've been told to handle every aspect of your real estate business yourself, thinking you can do it better. But let's face it, things are falling through the cracks, and you're feeling overwhelmed and limited in your growth. It's time to admit that trying to do it all alone is not getting you the results you want. In this episode, you will be able to: Streamline your real estate business with virtual assistants to maximize efficiency and deal flow. Boost your note inv...
Jul 16, 2024•29 min•Ep. 876
Only You Can Save Owner Financing in Texas It's a sad day when a regulatory body in Texas is working against property and business owners to make it extremely difficult to get an owner-financing transaction done. That's what it going on right now with the Texas Savings & Mortgage Lending Department (which handles licensing issues for mortgage companies and loan officers) which is proposing rule changes that would adversely affect your ability to sell your property, land, or business on selle...
Jul 09, 2024•11 min•Ep. 875
Connecting the Dots: How to Track Down Hard-to-Find Borrowers Do you want to make informed investment decisions and find profitable note solutions? I'll be sharing the solution for achieving that result. Get ready to learn thorough due diligence techniques that will help you make profitable note investments. In this episode, you will be able to: Mastering Due Diligence: Discover proven techniques for making informed and profitable note investment decisions. Strategic Hurricane-Prone Investing: L...
Jul 09, 2024•31 min•Ep. 874
Being a successful real estate investor is NEVER just about looking at property and making offers. There are many more moving parts if you want to have a long and fruitful career as a note or real estate investor. Unfortunately, the mass the majority of wanna-be investors are doing the bare minimum when it comes to marketing their businesses which leads to minimal success. It's 2024 and you have to embrace the marketing side of the business so that you are working smarter than harder to get the ...
Jul 02, 2024•40 min•Ep. 873
Entrepreneurship is a Leap of Faith: My 20-Year Journey from Employee to Business Owner If you're feeling the weight of constant setbacks and struggles in your entrepreneurial journey, then you are not alone! The hustle and grind may not be yielding the success you envisioned, leaving you questioning your decisions and wondering if you should have taken a different path. The pressure to meet financial obligations and the fear of failure can be overwhelming, especially when you're bombarded with ...
Jun 28, 2024•26 min•Ep. 872
Which states do you want to buy in over the next five years? More importantly, which states should you avoid like the plague if you are looking to buy (or sell) real estate between now and 2030? Most of these states won't be surprised as BankRate.com released an article listing the seven worst states to buy property according to realtors in those states. READ THE ARTICLE HERE! We even took it a step further and focused on the Top 10 worst states to buy or invest in. It goes beyond the foreclosur...
Jun 26, 2024•17 min•Ep. 871
Earn Above Average Returns With Under $25K I know that many new investors struggle to do their first deal. They overthink the process and will often struggle with "overanalysis paralysis" when it comes to pulling the trigger. But you will learn more about investing in a niche by doing your first deal than you would if you took every class on the subject. The same is for note investing, but we have a solution for you! This episode is designed to help you pull the trigger! We've got a list of 12, ...
Jun 25, 2024•33 min•Ep. 870
Protect Your Investment: Why Due Diligence is Critical When Buying Notes If you're feeling the frustration of not knowing where to go for comprehensive due diligence services in real estate investing, and you're tired of making costly mistakes, then you are not alone! In this episode, you will be able to: Uncover the hidden risks and opportunities with comprehensive real estate due diligence services. Gain valuable insights and make informed decisions with broker price opinions. Safeguard your i...
Jun 24, 2024•1 hr 23 min•Ep. 869
Join Our Elite Team of Hungry Note Buyers on a Summer Calling Spree Have you heard the myths about taking part in the 2024 Banking Blitzkrieg? Myth 1: You need to be an expert in the note business to participate. Myth 2: It's too time-consuming and requires a huge investment. Myth 3: You won't get any real value out of it. Want to know the truth? Stay tuned for the surprising reality behind the 2024 Banking Blitzkrieg strategy. RSVP YOUR SPOT NOW HERE! In this episode, you will be able to: Uncov...
Jun 19, 2024•27 min•Ep. 868
Surviving the Housing Crisis: Expert Advice You Need Hey, do you ever feel like you're putting in all the effort but not seeing the results you want? Maybe you've been told to take certain actions to get ahead, but they just don't seem to be working. It can be frustrating, right? You're not alone. Many real estate and mortgage professionals have been in your shoes, feeling the pain of working hard with little payoff. If this sounds familiar, you're not alone. Let's dive into what's really going ...
Jun 14, 2024•53 min•Ep. 867
If you are looking for performing or nonperforming notes in Texas, you will love this episode! Scott Carson shares how to get a list of licensed mortgage brokers and servicing companies doing business in Texas directly from the state Savings & Mortgage Lending department. This list includes company names, contact person, email, and phone numbers for the person in charge of licensing which gives you a warm lead into talking with the companies about who handles their distressed note sales. Sco...
Jun 11, 2024•26 min•Ep. 866
I just got back from spending some time in Minnesota with my Mom to attend a celebration of the life of my aunt and uncle who recently passed. The minister shared a poem called "The Dash" about how we celebrate the lives of people (or the dash) between their births and deaths. It's been over 30 years since I visited the state where I was born and the amount of memories created and shared amongst my extended family of uncles, aunts, cousins, and family friends had me thinking a lot about the poem...
Jun 07, 2024•25 min•Ep. 865
Why is note investing a lot like baseball and that national pastime? You don't have to be a fan of the diamond to understand that winning as a note investor is a team game and not a one-man band. Scott shares why you need a team to help you succeed and why it takes practice, patience, and striking out to become an expert note investor. He discusses why so many investors fail: they don't invest in themselves or give themselves the grace of understanding that anything great takes time and commitme...
May 24, 2024•35 min•Ep. 864
Is Graceland really facing a May foreclosure auction or is it a case of mortgage fraud? USA Today released an article talking about how a private Memphis lender is trying to foreclose on Elvis home by presenting a deed of trust for $3.8 Million that was supposedly lent to Lisa Marie back in 2018. With her death last year, the company is claiming that the loan was not paid back and filed a foreclosure action in Shelby County (Memphis), TN to take back the iconic landmark. READ THE FULL STORY AT h...
May 22, 2024•13 min•Ep. 863
