The Note Closers Show Podcast Case Study: Austin Nonperforming Note Deal
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 exactly what Scott Carson breaks down and shares in this episode of the Note Closers Show.
In this episode, Scott shares:
· How he discovered this nonperforming deal.
· What upfront due diligence he did to help him make an offering in under two hours to the seller.
· What information he found on the borrower by doing a quick skip trace?
· What the potential profit margin and ROI would be on the different strategies?
· Why the lender is selling this note and what information they shared on the borrower that can determine their mindset when it comes to foreclosing.
· Why it’s always important to put eyes on an asset quickly to help you submit your bids.
· What online websites can you use to help you with your due diligence.
Watch the original VIDEO HERE!
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