The Note Closers Show Podcast Texas Foreclosures: Breaking Down Harris County
Texas Foreclosure Goldmine: Unearthing Distressed Assets with the Roddy List
Howdy, partners! Scott Carson here, ready to dive into the exciting world of Texas foreclosures. Finding distressed assets in the Lone Star State can be a real treasure hunt, but with the right tools, it can be a profitable adventure (and maybe even more fun than wrangling a stubborn longhorn).
Texas is famously lender-friendly; fast foreclosures are common. This is a double-edged sword. While it's great for lenders, it means that the competition for those deals can be fierce! The banks know about fast turnarounds, and that drives up prices for those quick deals.
That's why I often look outside Texas to buy notes—90% of my note investments are from other states. But when I do find a great Texas opportunity, the speed and velocity of capital make it worth the higher cost. Plus, you can often get a deal completed in as little as 21 days—no need to wait six or 12 months.
This means you have to be faster than a speeding bullet. You'll be able to use your funds to complete another deal quickly—which is like winning the lottery, except instead of lottery tickets, you buy notes and close deals.
So how do you compete? You need information that beats the competition. Here are five tips on using the Roddy List, the powerful Texas foreclosure tool that helps you to uncover amazing deals.
- Target Harris County: More foreclosures happen here than anywhere else in Texas. More foreclosures mean more opportunities for you, even if it means spending a lot of time filtering your results.
- Go Beyond Postcards: Forget the postcard campaigns. Use the Roddy List to identify lenders directly, get their whole list, and get right to the source. Direct communication is always the quickest way to complete a deal. It's like cutting out the middleman, and saving you time and effort.
- Commercial Opportunities: This list also unlocks commercial foreclosures— a six-month commitment—but the higher-valued assets can be incredibly lucrative. The six-month commitment ensures quality deals. This is where you'll find those hidden jewels.
- Leverage the Data: The Roddy List gives you so much information: property details, loan info, contact information, and more. The email addresses are worth their weight in gold! Imagine having a 66% email success rate—which is what the presenter explains as being typical.
- Focus on the Mortgagor: Once you've got the list, use it to filter out the big banks and LLCs. Those are generally a lot more difficult to work with and will result in more wasted time.
Using the Roddy list is a shortcut to your success. Instead of randomly sending out postcards, you're going after the lenders directly. SIGN UP FOR THE RODDY LIST HERE!
The Roddy List gives you a head start by giving you access to crucial information and the edge you need to be a successful Texas investor. The list is updated monthly. You can even find out if properties have been previously listed, making it easier to spot those distressed assets ripe for negotiation!
Happy hunting, y'all! Until next time... remember, a little bit of hustle can go a long way.
Watch the original VIDEO HERE!
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