$100K Profit - From Note to REO: Cal Ewing's Six-Figure Success Story

Jun 19, 2025

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Welcome to the newest episode of The Note Closers Show! This week, Scott Carson welcomes back Cal Ewing to discuss his first six-figure deal - a non-performing note in Round Rock, Texas that transformed into a REO success story. Cal shares invaluable insights on note investing, working with private lenders, and turning lemons into lemonade.

Key Discussion Points:

Deal Overview: Learn about the property, the borrower's situation, and the initial note purchase from a hedge fund at 63 cents on the dollar.
Exit Strategy: Discover how Cal used a deed in lieu of foreclosure, providing the borrower with $75,000 to relocate to an assisted living facility.
Private Lending: Understand how Cal leveraged a private lender in Utah to fund both the note purchase and subsequent rehab.
Rehab Process: Gain insights into the $53,000 rehab, including a new roof, and Scott's hands-on assistance to keep costs down.
Legal Considerations: Learn how Cal navigated IRS liens and judgments on the property.
Insurance Claim: Understand how the team worked on the forced place insurance on the property.
ROI: Discover the impressive 72% annualized ROI Cal achieved in just eight months!
Mentorship: Learn about the importance of mentorship in note investing and getting coaching from someone that is doing what you're trying to do.
Actionable Advice: Learn how taking action daily can allow you to reach your financial goals.

This episode is packed with actionable advice for note investors of all levels. Cal's story highlights the power of mentorship, creative problem-solving, and a commitment to helping borrowers. Tune in to learn how to turn non-performing notes into win-win situations.

Watch the Original VIDEO HERE!

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