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Join us as we speak with Chris Seveney about his note investing business. Chris is founder of 7E Investments, a firm that specializes in investing in first lien performing and non-performing notes backed by real estate. He has grown his note portfolio to over $5 million and his overall real estate portfolio to $7 million. He is also a director of construction at a Washington, D.C. based development firm where he has developed over $750 million in real estate.

Chris is also co-host of the Good Deeds Note Investing Podcast.

Episode Highlights:

• What makes this business scalable? Once you source the deal and get payments set up you can move onto the next one. You can also scale by progressively buying larger notes, eventually growing to notes on commercial properties such as multi-family.
  
  
• A great way to get started is using an online platform called paperstac.com
  
  
• Build a relationship with an attorney in the state you plan to buy notes in. Each state has its own foreclosure rules and procedures so you need to find an expert to help you with that process.
  
  
• Evictions and foreclosures across Chris’s entire portfolio is less than 10% so if that’s a fear, don’t let that hold you back.
  
  
• Another interesting thing mentioned is that the note is worth more when the borrower stays in the home and it doesn’t go to foreclosure.
  
  

Helpful Links:
https://paperstac.com/


Best Ways to Contact Chris:
https://www.7einvestments.com
https://gooddeedsnoteinvesting.com/
chris@7einvestments.com
https://www.linkedin.com/in/christopherseveney/
Notes and Bolts Facebook group: https://www.facebook.com/groups/101028197428726/

Best way to contact your host, Mason Klement:

mason@masonklement.com

https://www.masonklement.com/

Be sure not to miss any future episodes by subscribing to the Scalable Real Estate Investing Podcast using the links below.

YouTube channel: https://www.youtube.com/channel/UCgDaSaSQP0KLoVCgydDd9Hw

Buzzsprout: https://www.buzzsprout.com/1131344