The Note Closers Show Podcast

This Note Investing Case Study Will Blow Your Mind (and Maybe Your IRA)Hey note-heads! Welcome to another episode of The Note Closer Show, where we dissect deals, dish dirt, and deliver the delicious details of the note investing world. Today's episode is extra special, so grab your coffee (or tequila – we don't judge!), and let's dive in.We're exploding with excitement because one of our Newark coaching students just closed their FIRST EVER DEAL – and it’s a doozy. Not only did they close in under 90 days, but they achieved a staggering 28% ROI (Return on Investment) in the first couple of years! And the cherry on top? They funded the entire thing with their self-directed IRA—making it completely tax-free! Talk about a win-win!Before we spill the beans on this incredible success story, let's make sure we're on the same page about what a Non-Performing Note (NPN) is. Basically, it's a loan where the borrower has fallen behind on payments. Secured Equities buys these notes at a discount, aiming to help the borrower get back on track or finding alternative solutions, and then reaping the rewards. Think of it as real estate's version of a fixer-upper—only way more profitable.This isn't a get-rich-quick scheme. A lot of folks think finding deals is tough, but the truth is, it's about knowing where to look (and having a good teacher!). This student went through a few duds before hitting the jackpot, which just goes to show the importance of persistence. Remember: even the most successful investors experience setbacks!Here are five key takeaways from this amazing case study:Fast ROI: This deal showcases the potential for incredibly quick returns in note investing. 90 days to a deal and a 28% ROI?! Yeah, that's what we're talking about.Tax Advantages of Self-Directed IRAs: Leveraging a self-directed IRA for note investing can significantly reduce taxes and increase your overall profits. Think of your IRA as a high-yield savings account that's also a real estate investment!Borrower Rehabilitation: The focus wasn't just on maximizing profit; the team worked to help the borrower get back on track with a Chapter 13 bankruptcy plan. This is not only ethical but can often lead to a more favorable outcome for everyone involved. It creates a win-win!Risk Mitigation: Through careful due diligence, the student identified a property with a clear path to profitability. They understood that while the home itself wasn't perfect, the numbers made sense and the strategy to help the borrower minimized risk.Power of Persistence: Remember, this success didn't happen overnight. This student went through several offers before hitting the big one. The key takeaway here is that even seasoned professionals face failures, it’s about learning from them and moving on.This deal is a testament to the power of education, a strategic approach, and knowing where to find the deals. Note investing isn't just about finding cheap properties; it's about finding deals with good underlying value and sound financial strategies.Want to learn more about note investing and possibly turn your own IRA into a passive income machine?Check out our upcoming workshop in Austin, Texas! It's jam-packed with note-finding secrets, fundraising strategies, and deal structuring techniques. Get your discounted ticket now (before we change our minds). Visit HTTP://notebuyingfordummies.com to get started!Stay tuned for more exciting case studies, tips, and tricks. Until next time, keep closing those deals, and don't forget to subscribe for more Note Closer goodness!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!

Unlocking Hidden Real Estate Profits: FHA 203k Loans & Renovation FinancingHey there, Note-heads! Welcome back to The Note Closers Show, your daily dose of real estate wisdom, market insights, and (let's be honest) a healthy serving of real estate humor. Today's episode is all about unlocking hidden real estate profits, particularly by using FHA 203k renovation loans. This is a game-changer, not just for investors but also for buyers who are tired of settling for “as-is” properties.We recently dove deep into 66 vacant reverse mortgages, showing how you can often acquire them for 70-80% of their value. But that's just the tip of the iceberg! Lots of investors think they need piles of cash for real estate. But what if there's a better way? What if you could finance your fixer-upper? That's where Skip Shenker comes in.Skip is a legendary figure in the world of renovation loans. He not only designs his own houses but also has a passion for helping investors and homebuyers access innovative financing options. Today, we're exploring how the FHA 203k loan can revolutionize your real estate strategy!Here's what Skip shared that you NEED to know:The FHA 203k Loan: This isn't your grandpappy's home loan. It's a unique financing option that bundles the purchase price and the cost of renovations into a single loan. That means you can buy a fixer-upper and finance the entire renovation project at once! No more juggling multiple loans—it's one simple solution.Beyond Cash Buyers: With FHA 203k, you tap into a HUGE pool of buyers who aren't limited to cash offers—namely, those looking for a house to make their own! This significantly expands your potential buyer base, increases your chances of a swift sale, and eliminates the time and money usually spent on rehab yourself. AI-Powered Rehab Estimates: We discussed a revolutionary new tool that utilizes AI to estimate the rehab cost for your fixer-upper. This is way faster and more accurate than traditional methods, taking the guesswork out of the entire process. This speeds things up enormously! CHECK IT OUT HEREFlexible Financing: FHA 203k isn't just for first-time homebuyers. It can be used by anyone, regardless of credit score (within reason, of course), giving you flexibility when deciding on financing your rehab. It's also incredibly helpful to buyers who may not qualify for a conventional loan.Strategic Partnerships: We discussed forming partnerships with real estate agents to educate them about the FHA 203k loan's possibilities. This leads to more referrals and unlocks a wealth of potential deals. It’s a win-win-win for everyone involved.Humor Break: Remember those "before and after" home makeover shows? The FHA 203k loan is the real-life equivalent, only without the drama of screaming contractors and surprise budget overruns (mostly!).Skip also shares real-world examples and expert advice, debunking common myths surrounding the FHA 203k. Learn about the role of HUD consultants, ways to mitigate financial risks during the renovation process, and strategic tips for maximizing your returns.Ready to uncover hidden profits in the real estate market?Watch or listen to this episode! Visit www.Ready4Remodel.com to learn more about the FHA 203k loan, how it can help you maximize your investments, and how to access the latest AI-powered tools and resources. Follow us on all socials for daily updates and more real estate insights!Watch the original VIDEO HERE!Book a call with SKIP HERE!Talk with Scott Carson HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!

Unlocking the Secrets to Finding Non-Performing Notes: A Note Investor's GuideHappy Monday, fellow note-slingers and deal-makers! Let's face it, the world of note investing can feel like a treasure hunt in a swamp – lots of murky water and questionable treasures. This week's episode delves into how to find those elusive, high-quality non-performing notes – the ones that aren't swamp-things. Forget wading through endless lists of land notes and performing loans, let's get you to the good stuff!The speaker's experience highlights the common frustration of finding quality deals. He describes a LinkedIn post from someone lamenting the lack of good non-performing notes available, stating that the market is flooded with "crap". Sound familiar?The Myth of the "Low-Hanging Fruit":Many new investors rely on their LinkedIn network or Facebook groups for leads. While this can work, it often yields low-quality deals – a mix of firsts and seconds, frequently low-balance loans from less-than-ideal sources. Think of it like fishing in a pond full of minnows: Sure, you can catch some, but are you really going for the big tuna?Where the Real Deals Hide:The fact is, there's a significant number of non-performing notes out there. We're talking millions of loans that are underperforming, and they're not just sitting in plain sight! You won’t find them hanging around on Facebook, that’s for sure! Here’s the real secret:Direct Sourcing: Target direct sources, like banks (think beyond the big guys – regional banks often have more readily available inventory) and asset managers. Forget the big sharks; focus on finding the smaller, more approachable fish in the pond.Marketing is Key: Market your services actively. A 3% default rate on 80 million homes equals millions of opportunities, but you need to get in front of those who control them.LinkedIn Power: Optimize your LinkedIn profile. Don't be a grainy, blurry photo from 1998. Dress to impress, folks! It's your digital storefront! Target Asset Managers with specific job titles using LinkedIn's search functions. Be professional and clear about what you do and who you are.Network, Network, Network: Attend industry events (or at least research the attendee lists) to get direct contact information. This is your chance to network and find hidden gems that the general public never gets a whiff of. Bring business cards, and for goodness' sake, dress nicely!Phone Calls Still Matter: Email campaigns are great, but phone calls are the ultimate closer. A well-structured call blitz can yield amazing results – even if it feels like you're hauling a thousand-pound phone at first.Avoiding Common Pitfalls:The biggest mistake new note investors make is focusing only on seconds. While seconds can be profitable, they're not always easily found at good prices. First liens are more profitable and easier to acquire capital for!Final Thoughts:Finding quality non-performing notes is a process. It’s not a get-rich-quick scheme, but rather a strategic approach requiring focus, consistent marketing, and a dash of resilience. Remember, the treasure is out there; you just need to know where (and how) to look for it.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestBook a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!

Get ready to supercharge your real estate investing game! This episode features Hard Money Gary, a real estate ninja who's mastered the art of securing funding for any project. Forget the endless struggle of finding money—Gary shares his proven strategies, turning years of experience into profit for himself and clients.This isn't your typical dry real estate finance discussion. We kick things off by exploring various funding options, demystifying the often-confusing world of real estate loans. Gary weaves in anecdotes from his personal journey, from wholesaling to building a nationwide hard money network. Prepare for a rollercoaster of humor and wisdom!Key takeaways from this must-listen episode include:Mastering Outreach: Ditch the awkward cold calls and generic emails! Learn the most effective strategies to find lenders, including networking, online platforms, and writing compelling messages. Forget the awkward small talk – we teach you how to close deals effectively!Hard Money & DSCR Loans: Gary breaks down hard money and DSCR loans with humor and clarity. Discover how to choose the right loan type for your unique situation, and understand interest rates like a pro (no more confusing financial jargon).Building Winning Relationships: Learn how to build strong connections with lenders that lead to ongoing success. Tips on maintaining positive relationships and getting repeat business are included – forget those one-off deals!Avoiding Costly Mistakes: Gary reveals common pitfalls many investors fall into and shares how to avoid those costly errors. This is your crash course in how to stay financially fit.DSCR Loan Details: Get to grips with what a DSCR loan is, and when it's the right solution for your project. DSCR loans are your secret weapon to securing the financing you need.Rehab & Repair Financing Strategies: We dive into the nuts and bolts of loan-to-cost, loan-to-value, and loan-to-ARV. Learn how to master these crucial elements of project financing.This podcast isn't just theory; it's real-world advice. Gary's infectious energy will inspire you to take action. But be warned: you might get too fired up listening! So grab a beverage, settle in, and prepare to become a real estate funding master.What you'll also discover:Why understanding various financial strategies is essential for successful real estate ventures.Insights on avoiding common mistakes in securing funding.How to make social media work for you in your search for lenders.Practical strategies for building long-lasting lender relationships.This podcast is your guide to securing the funding you need for your real estate endeavors. Don't miss the chance to learn from one of the best in the business! Like, subscribe, and share this with your fellow real estate investors.Watch the original VIDEO HERE!Connect with GARY BROWN HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign Up For Your Texas Foreclosure List HERE! Use code WECLOSENOTES to save $20!

The Minnesota real estate market is heating up, and savvy investors are always looking for a deal. This week’s podcast features a deep dive into four Minnesota foreclosure notes, offering insights into note investing strategies. Our host and special guest, Dale Brost, break down each deal, revealing the challenges and opportunities in this niche market. (Fair warning: this analysis goes beyond simple spreadsheets!)Minnesota Market Dynamics:The podcast begins with a brief overview of the Minnesota real estate market, emphasizing the current tight inventory and high demand for rental properties. This is setting the stage for our deep dive into the note market. Did you know Minnesota has more shoreline than the East and West Coasts combined? It’s a big state for a reason.Four Minnesota Foreclosure Notes—A Case Study:The heart of this podcast is a detailed analysis of four foreclosure notes. The analysis includes:Property Details: Each property's specifics such as address, size, features, and current condition are reviewed. Photos are also examined to assess the property's condition and estimate potential rehab costs. (One note even involved a car in the garage covered in dust—a great photo op for a “before” shot!)Financial Data: Unpaid balance, legal balance, BPO (Broker Price Opinion) values, and estimated closing costs are analyzed.Equity Analysis: Properties with positive equity are more favorable and offer higher potential returns; the equity position of the notes heavily influence deal strategy.Foreclosure Timeline: Our host discusses the typical timeframe for Minnesota foreclosures, including the crucial redemption period. In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment.Strategic Approaches: Two primary strategies are evaluated for each note: selling at a foreclosure auction versus taking back the property and selling it as an REO (Real Estate Owned).The Importance of Due Diligence:Our host and guest emphasize the importance of due diligence in note investing. This includes:Reviewing the Property: A visit to the property (or reviewing high-quality photos) to assess the condition and evaluate the potential ROI.Locating Key Information: Obtaining detailed information such as property taxes and legal descriptions.Understanding the Foreclosure Process: Familiarizing yourself with the state-specific laws and regulations.Beyond the Spreadsheets:This podcast goes beyond spreadsheets and numbers, offering valuable insights into:Working with Rehab Partners: Our host stresses the value of collaborating with experienced contractors.Market Trends: The current state of the Minnesota real estate market is discussed, including how this impacts the note market.Flexibility in Investment Strategies: Different strategies are suited for different properties, and experience is crucial.Humor to Relate To:“Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.”“In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment.”Call to Action:Ready to learn more about Minnesota note investing? Listen to the full podcast and subscribe for more insights! Leave your comments and questions below!Connect with Dale Brose HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestTake Your Asset Protection to a Whole New Level with Laughlin and Associates!

Real estate investing can be incredibly rewarding, but let’s be honest – the accounting side can be a real headache. This week, we talked with Adam Hamilton, co-founder of REI Hub, a software designed to help landlords and investors manage their books effectively. Adam's insights are pure gold, especially if you’re tired of endless spreadsheets and tax season stress. This interview was a game-changer!Why REI Hub?Adam’s journey started with a simple observation: many real estate investors are struggling to manage their finances effectively. This is often due to a lack of time, accounting expertise, and use of general accounting software not designed for the specific needs of the rental property world. Unlike other investors, Adam understands the need for specialized software. He wants to keep things simple!Top 3 Mistakes Investors Make with Their Accounting:Adam shared the three most common mistakes investors make with their rental property accounting:No Strong Foundation: Many investors don’t set up proper accounting systems from the start. This includes failing to separate their personal and business finances, leading to messy books and missed opportunities for deductions. Hint: Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.Failing to Review: Many investors enter transactions into their accounting systems without regularly reviewing the data or generating reports. This can lead to unexpected surprises at tax time. Think of this as trying to navigate with a torn map. You’ll probably get lost!Ignoring Key Deductions: It’s easy to overlook potential tax deductions such as mileage, depreciation, and loan interest expense. Missing out on deductions is like leaving money on the table – a big no-no in real estate!REI Hub: Your Accounting Solution:REI Hub aims to solve these problems by providing:Intuitive Software: The software is designed specifically for real estate investors, with transaction types and account categories that closely match the language of the industry.Integration with TurboTenant: If you’re already using TurboTenant for property management, REI Hub integrates seamlessly, eliminating the need for double data entry.Dynamic Loan Amortization: REI Hub automatically breaks down your loan payments into their principal, interest, and escrow components, making it easier to track and report these expenses.Automated Tax Review Process: REI Hub walks you through a tax review process, making sure you aren't overlooking key deductions or tax strategies. We’re not CPAs, but we'll provide your CPA with all the ammunition they need.Expert Support: REI Hub's support team is knowledgeable about real estate accounting and is available to answer your questions. This is support that actually understands your struggles!Beyond the Basics:This interview also touched upon:Asset Protection Strategies: Keeping personal and business finances separate protects against potential liability. (Think of it as separating your business's expensive suits from your old college sweatshirts—one protects your investment, while the other keeps you comfortable.)Tax Law Changes: Stay up-to-date on changes to the tax laws that may impact your rental income and expenses.Humor to Relate To:“Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.”“Missing out on deductions is like leaving money on the table – a big no-no in real estate!”Call to Action:Ready to take control of your rental property accounting? Visit REIHub.net to learn more and sign up for a free trial! Share your own accounting horror stories in the comments below! http://snip.ly/REIHubSIGN UP FOR REI HUB HERE!SIGN UP FOR TURBO TENANT HERE!WATCH THE ORIGINAL VIDEO HERELove the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebooGet signed up for the Next Virtual Note Buying Workshop Now!

Financial Fitness for Real Estate Investors: A Conversation with Tony SteuerIn the fast-paced world of real estate, it's easy to get caught up in the thrill of the deal. But what about your financial fitness? This week, we had the pleasure of speaking with financial expert Tony Steuer, who is changing the way we think about money. Tony's insights are as relevant to your personal finances as they are to your investment strategy. His advice could be exactly what you need to kick-off 2025 on the right foot.Tony's Journey:Tony’s journey from life insurance agent to internationally recognized financial preparedness advocate and Forbes Insurance Advisory Board member is nothing short of inspiring. This conversation wasn't just about money; it was about mindset! He started by recognizing a crucial gap in the financial industry—a lack of clear communication around insurance products, which leaves many people confused and vulnerable.Debunking Insurance Myths:Tony debunks common misconceptions surrounding insurance, particularly life insurance. He clarifies the following points:Life insurance isn't an investment: While some life insurance policies have an investment component, they are primarily designed to provide risk protection, not wealth generation. (Think of it as a safety net, not a get-rich-quick scheme!)Surrender charges are real: Be aware of hefty fees charged if you withdraw your money before a specific period. These can dramatically impact your returns, especially in the early years of the policy.Your insurance needs change: What made sense at 30 might not make sense at 60. Regularly review and adjust your coverage to reflect your evolving financial situation and risk tolerance.Term vs. Whole Life: Understand the differences to better decide which is right for you!The importance of planning: Tony stresses that a comprehensive financial plan should encompass all aspects of your financial life – including insurance, investments, debt, and estate planning.The Get Ready System:Tony’s “Get Ready System,” detailed in his book, The Get Ready Blueprint, is a game-changer. It provides a structured, step-by-step approach to achieving financial fitness. The system uses a weekly calendar, prompting users to tackle different financial areas each week. This is a practical, easily-implementable strategy that’s perfect for busy entrepreneurs who need to stay organized. (It might even help you finally tackle that overflowing inbox!)Why a Holistic Approach Matters:Tony emphasizes the importance of taking a holistic view of your finances, integrating all aspects of your financial life into one comprehensive plan. He discusses issues such as:The legacy you want to leave: Most people want to leave something for their children, but don't communicate their wishes to their families.The importance of long-term care planning: As we age, the need for long-term care increases. Planning ahead can significantly reduce financial burdens and emotional stress for both you and your loved ones.The impact of global warming on insurance: Insurance companies are already reacting to the impact of climate change, resulting in increased premiums and reduced coverage in high-risk areas.Humor to Relate To:“Sometimes, landlord life feels more like a reality TV show than a lucrative business.”“You may never need your insurance... but what if you do?”Call to Action:Ready to take control of your financial future? Check out Tony's work via the links in the show notes!Connect with Tony HERE!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Landlord Life Hack: TurboTenant Review & Interview with Krista RuetherAre you a real estate investor drowning in overflowing toilets and endless tenant communication? Let's be honest, sometimes landlord life feels more like a reality TV show than a lucrative business. This week, we dove deep into the world of streamlined rental management with Krista Ruether, Senior Education Content Manager at TurboTenant. Krista's insights and TurboTenant's features could be the game-changer you've been waiting for.Krista shared a wealth of information on common landlord pain points, offering solutions that had this podcast host nodding in agreement (and maybe even shedding a single, happy tear – because who doesn't love efficient processes?).The Three Biggest Landlord Pain Points (and How to Fix Them):According to Krista, the biggest hurdles for landlords are:Lack of Education: Don't know your landlord rights? You're setting yourself up for trouble. Krista emphasizes the importance of understanding local and state laws to protect your investment – and your sanity.Piecemeal Systems: Juggling spreadsheets, multiple apps, and endless manual tasks is a recipe for disaster. TurboTenant provides an all-in-one solution to manage applications, lease agreements, maintenance requests, and more.Treating Tenants as Adversaries: Krista suggests viewing tenants as business partners. A positive relationship fosters respect, reduces turnover, and maximizes your ROI. Think "win-win," not "landlord vs. tenant!"TurboTenant: More Than Just SoftwareTurboTenant isn't just software; it's a comprehensive platform designed to streamline every aspect of your rental business. Key features include:AI-Powered Lease Audits: Avoid legal nightmares with automated lease reviews that identify outdated clauses and missing disclosures. This one is a real time-saver!Automated Rent Collection: Say goodbye to late payments and awkward conversations. TurboTenant simplifies rent collection with automated reminders and secure online payment processing.Robust Communication Tools: Manage tenant communication effectively with integrated messaging features, maintenance requests, and more. No more chasing down tenants for repairs!Multi-Family Property Management: Scaling up? TurboTenant makes managing multiple units a breeze.Extensive Lead Generation: Reach a wider audience and fill vacancies quickly by syndicating your listings to dozens of popular rental websites.Beyond the Basics:The interview also touched on:Managing Squatters: Krista shared some helpful tips on dealing with this common landlord headache (without resorting to dramatic legal battles).Staying Up-to-Date on Legal Changes: Laws and regulations are constantly evolving. TurboTenant helps landlords stay informed and compliant.The Future of Rental Markets: Krista offered valuable insights into current market trends and future predictions, including the rising popularity of ADUs (Accessory Dwelling Units).Humor to Relate to:Remember that time you had to deal with a tenant who tried to pay rent in gold bars? Yeah, we've all been there. (Though we may not have accepted gold bars, at least not yet.)In a nutshell, TurboTenant isn't just software; it's a potential game-changer for landlords. If you're ready to streamline your processes, enhance tenant relationships, and boost your bottom line, check out TurboTenant today. You can find the link in the show notes.Call to Action:Visit TurboTenant.com to learn more and sign up for a free account. Let Krista and her team help you take control of your rental business! Leave your comments below - and let us know your own landlord war stories!Watch the original VIDEO HERE!Book a call Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoGet Signed Up For the WCN Membership HERE!

Master Your Buy Box: The Note Guy's Guide to Note Investing SuccessHappy Money Mondays, everyone! Scott Carson, The Note Guy, is back with another insightful episode, this time focusing on a crucial aspect of successful note investing: defining your buy box. Think of your buy box as your ideal note profile—the criteria that determine whether a note is worth your time and money. No more chasing every shiny object that comes your way!Scott's approach is all about strategic focus and streamlined efficiency. He’s seen it all: the rookie mistakes, the near misses, the occasional big wins—and he's ready to share his hard-earned wisdom with you. He emphasizes that a clearly defined buy box keeps you focused on profitable deals, saves you time and energy, and boosts your overall success.Key Elements of a Profitable Buy Box:Active vs. Passive: Are you an active investor who enjoys hands-on deal-making, or are you a passive investor who prefers low-maintenance, high-yield investments? Your buy box must align with your chosen level of involvement.ROI Targets: What's your desired rate of return? This depends on factors such as whether you're using your own funds or OPM (other people's money), the risk tolerance for your investment, and the timeframe for your investment. Scott suggests higher ROI targets for active strategies and lower targets for passive ones.Geographic Focus: Will you focus on local deals or cast a wider net? Consider factors such as your familiarity with different markets, transportation costs, and the local laws and regulations governing foreclosures. Scott cautions against getting "spread too thin," emphasizing the importance of mastering your local market before expanding.Asset Preferences: Do you prefer residential or commercial properties? What's your preferred price point? Scott suggests prioritizing occupied properties (to minimize rehab costs and potential headaches) and avoiding unique or overly complex assets.Legal Considerations: Are you comfortable navigating judicial or non-judicial foreclosure processes? Judicial foreclosures can be lengthier and more complex, so consider your tolerance for this.Humor and Relatable Moments:Scott sprinkles his expertise with plenty of humor and relatable anecdotes, drawing on his extensive experience in the note investing world. He pokes fun at the "joker brokers" who claim to buy "everything," highlighting the importance of clearly defining your criteria for success. He also shares some cautionary tales about the pitfalls of buying vacant properties or chasing after low-yield, short-term deals.He emphasizes the importance of avoiding "shiny object syndrome," which can lead to making emotional decisions and wasting valuable time and resources. He also cautions against unrealistic expectations and the need to balance active and passive strategies.Actionable Steps to Creating Your Buy Box:Self-Assessment: Analyze your investing style, experience level, financial resources, and risk tolerance.Market Research: Gather information on local market conditions, property values, and foreclosure laws.Define Your Criteria: Based on the previous two steps, create a detailed profile of your ideal note.Test and Refine: Implement your buy box and track your results. Make adjustments as needed, focusing on what works and discarding what doesn't.Building a well-defined buy box is the foundation for successful note investing. By sticking to your criteria, you'll save time, minimize risk, and maximize your potential for profitability. Listen to Scott's podcast for more in-depth insights!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Sign up for the next Note Buying WorkshopLove the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoBook a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!

Unlock Your Retirement Riches: Self-Directed IRAs for Real Estate InvestorsLet's be honest: burying your cash under the mattress or hiding it in a can of tomatoes isn't a winning long-term investment strategy. But what if there was a way to secure your financial future, minimize taxes, and build wealth through real estate investments? This week on The Note Closure Show, we had Kyle Moody, Business Development Manager at American IRA, sharing his expertise on self-directed IRAs (SDIRAs). Get ready to ditch the piggy bank and embrace the power of smart investing!Kyle's insights come from years of experience working with real estate investors, just like you. He understands the unique challenges of our industry and the need for investment vehicles that deliver both flexibility and tax advantages. SDIRAs fit the bill perfectly.Why Self-Directed IRAs are Game-Changers for Real Estate Investors:Control Your Investments: Unlike traditional IRAs, SDIRAs give you complete control over your investments. You decide where your money goes, not some faceless financial institution. You can invest in a wide range of assets, including real estate, notes, private placements, and more.Tax Advantages: SDIRAs offer significant tax advantages. Contributions may be tax-deductible, and your investments grow tax-deferred, meaning you only pay taxes when you withdraw the funds in retirement.Flexibility: SDIRAs give you the freedom to invest as you see fit. Unlike 401(k)s, there are no restrictions on investment choices, nor any limits on the amount you can contribute each year. Protection: SDIRAs provide asset protection that traditional IRAs often lack. Your assets are shielded from creditors and lawsuits, offering valuable peace of mind. Leveraging Other People's Money (OPM): An SDIRA allows you to leverage OPM (other people's money) through joint ventures and syndications, exponentially expanding your investment potential.Humor and Relatable Moments:Kyle’s story was filled with relatable anecdotes about the frustrations and triumphs of building a successful real estate business. He shared stories about dealing with bureaucratic hurdles (like the infamous "medallion stamp") and the importance of choosing a provider that offers top-notch customer service. American IRA’s commitment to personal service makes them stand out from the crowd, according to Kyle and Scott.The discussion also touched on the various types of SDIRAs available (solo 401(k)s, traditional and Roth IRAs, etc.), the different contribution limits for each, and the importance of working with a qualified CPA and attorney to optimize your tax strategy. Kyle emphasized that while SDIRAs are not for everyone, they can be incredibly powerful tools for building wealth through real estate and other strategic investments.Actionable Steps for Real Estate Investors:Research and Choose a Provider: Do your homework and find a reputable SDIRA provider with exceptional customer service.Set Your Investment Goals: Determine your investment strategy and asset allocation.Establish Your SDIRA: Once you've chosen a provider, open your SDIRA account.Fund Your Account: Begin contributing to your SDIRA as soon as possible. Remember, time is money in the world of investing.Scott and Kyle make a powerful team, bringing their insights and expertise to the topic of investing for the future. Their podcast offers practical advice, relatable anecdotes, and a few laughs along the way. It’s a must-listen for any real estate investor looking to build a secure financial future!Book a call with KYLE HERE!Watch the original VIDEO HERE!Book a call with Scott Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!