The Note Closers Show Podcast Deal or Dud: When is a 13% ROI Performing Note a Dud?
Alright, Note Closers! Scott Carson's back with a cautionary tale of epic proportions. And for this episode, it's all about the duds.
In this cautionary (and terrifying) case study, Scott dissects a Kentucky note "performing" deal so bad, it's practically a masterclass in what not to do.
Here's what you'll discover:
- Kentucky Note Red Flags: Why Rural Areas Can Be a Disaster Scott explains why he generally avoids Kentucky altogether. It's typically too rural and requires bonds.
- Listing Inaccuracies That Will Make You Scream! Inaccurate listings are already frustrating enough. Learn to watch out for this kind of listings that are shot full of holes like Swiss cheese!
- A Town in Decline! We'll see how Scott avoided this dud by checking the history, the property, etc.
- Scott's Golden Rule of Note Investing (and Why It Matters) Scott will show you his one rule of not wanting to buy something you are not okay owning.
- The Aftermath Find out the final verdict on this Kentucky disaster and how you can apply these lessons to your own due diligence.
- BAD Actors Scott discusses why you have to watch out for greedy sellers who take the common sense out of buying or selling. Don't trust someone who wants to sell you a NPN in NY!
In Conclusion:
So, the next time you're tempted by a note that seems "performing" but smells fishy, remember this episode, channel your inner Note Guy, and avoid the duds! Don't end up with a Kentucky note nightmare on your hands. If it sounds too good to be true, then it probably is!
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