The Note Closers Show - The #1 Podcast for Note Investing Common Sense Underwriting: Avoid Note Investing Disasters!
Mar 27, 2025
32:34
Hey Note Closers! Scott Carson here, diving into the essential topic of common sense underwriting. This episode is all about avoiding the pitfalls that can turn a seemingly great deal into a costly mistake. We're going beyond the spreadsheets and ROI calculators to focus on practical, real-world due diligence.
Key Takeaways:
- The Importance of Loan-Level Bids: Don't fall for the "percentage across the board" approach. Insist on loan-level bids to accurately assess the value of each asset.
- Don't Be an A-Hole: Treat sellers with respect and professionalism. Submitting unrealistic offers or failing to follow instructions will damage your reputation.
- Know Your Market: Don't bid on assets in areas you don't understand or wouldn't want to own. Focus on markets with a decent population and available resources.
- Don't Fall in Love with the Property: Take the emotion out of the equation. Focus on the numbers and the potential for profit, not the aesthetics of the property.
- Look Beyond the Numbers: Don't rely solely on spreadsheets. Consider factors like the condition of the property, the borrower's history, and potential legal issues.
Actionable Advice:
This episode is packed with actionable advice to help you make smarter investment decisions. We'll discuss:
- How to assess the value of a note beyond the numbers
- How to identify potential red flags
- How to build a strong team of professionals to support your due diligence efforts
Resources:
- Order your O&E Due Diligence HERE: https://snip.ly/NewTitleSearch
- Order your BPO Orders HERE: https://snip.ly/NewBPOForm
Don't let a lack of common sense derail your note investing success! Listen now to learn how to avoid costly mistakes and maximize your returns.
Watch the original VIDEO HERE!
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