The Note Closers Show Podcast cover image

The Note Closers Show Podcast

Latest episodes

undefined
Aug 29, 2024 • 23min

What's the Difference Between a 30 & 40 Year Mortgage?

What's the big deal between these two loan products?We've all heard how expensive it is to buy a home in this crazy market. There is some discussion among policymakers and politicians to make the dream of home ownership more affordable by making the 40-year mortgage a common practice. Banks and government entities like Freddie and Fannie have often used a 40-year mortgage as a way for lenders to avoid borrowers going to foreclosure by stretching out the payments.  What are the differences between a 30 and 40-year mortgage? Is there a big difference in monthly savings? Will more people be able to afford homes? Does it make a huge difference for the average American? Do note buyers like this idea? In this episode, Scott Carson breaks down the numbers on an apples vs apples basis and you'll learn:-When and how the 30-year mortgage became common.-The difference in monthly payment between the two terms.-The difference in mortgage balance in 7 & 10 years between the two.-How much do you need to make annually to afford either loan product on the same home?-How much equity will you build over 7 & 10 years given a constant rate of home appreciation?-How note investors adjust their bids when buying longer-term mortgages. 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
undefined
Aug 27, 2024 • 24min

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!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
undefined
Aug 27, 2024 • 46min

10 Credit Myths You Need to Know with Jessica Tabora

The 10 Biggest Credit Myths Busted: What You Need to KnowIf you're feeling frustrated by the overwhelming flood of misinformation about credit management and you're tired of making costly mistakes, then you are not alone! You may have encountered flashy promises of quick credit fixes or easy business funding, only to end up more confused and disheartened. It's time to cut through the noise and get the real, actionable strategies that will transform your credit game and set you up for lasting success. Let's debunk the myths and chart a clear path to improved credit management and informed credit decisions. It's time to take control and level up your credit game!In this episode, you will be able to:Mastering Strategies to Improve Personal Credit Score: Learn how to take control of your credit score and pave the way for financial opportunities.Understanding the Impact of Business Credit on Fundability: Discover the crucial link between your business's credit and its ability to secure funding.Avoiding Common Credit Card Debt Mistakes: Uncover the pitfalls to steer clear of for a healthier financial future.Embracing the Benefits of Strategic Debt Management: Explore how smart debt management can positively impact your financial well-being.Building Strong Lender Relationships for Business Funding: Unlock the keys to fostering strong connections with lenders for your business's growth and success.Sign up for the two-day workshop HERE!Watch the original VIDEO HERE!Book a call with Scott HERE!The key moments in this episode are:00:00:02 - Introduction to Get Fundable 00:02:50 - Funding Challenges in Real Estate 00:05:31 - Impact of Insurance on Mortgage Lending 00:07:51 - The Fallacy of Paying Cash for Everything 00:11:42 - Understanding Credit Card Ranking 00:14:05 - Goldman Sachs Report and Credit Card Balances 00:15:42 - Debt Payoff Strategies 00:18:18 - Strategic Debt and Investment 00:21:02 - Impact of Credit Card Offers 00:24:23 - Importance of Credit Profile Consistency 00:26:45 - Understanding Business Credit 00:28:30 - Knowing Your Credit Situation 00:31:16 - Beware of Misinformation 00:32:56 - Naming Your Business 00:35:39 - The Business Funding Summit 00:40:00 - The Importance of Live Attendance 00:40:25 - Interactive Experience 00:40:41 - Event Website 00:40:48 - Testimonial and Invitation 00:41:13 - Closing Remarks 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
undefined
Aug 22, 2024 • 25min

The 30 Cities With The Most Illegal Aliens

How Illegal Immigration Affects Property Management and EvictionsDiscover the shocking impact of illegal immigration on housing and communities in the US. One city is facing a crisis with a 99-unit apartment complex taken over by Venezuelan gangs, leading to chaos and distress for both the owners and residents. But this is just the tip of the iceberg. Find out which 30 cities are dealing with the most illegal aliens and the staggering consequences they face. The truth behind these numbers will leave you speechless and wondering about the future of these communities. Stay tuned to unravel the unexpected truth about the far-reaching effects of illegal immigration on real estate and society. It's a story that needs to be told.In this episode, you will be able to:Understand the impact of Venezuelan gangs in Aurora Colorado and how it affects local communities.Explore the significant impact of illegal immigration on housing and communities, and how it influences real estate investment decisions.Learn effective strategies for managing and reducing crimes in apartment complexes, ensuring a safer environment for residents and investors.Gain insight into the policies and implications of sanctuary cities in relation to illegal immigration, and how they impact local housing markets.Discover the risks associated with real estate investment in high-crime areas and how to navigate them effectively.The key moments in this episode are:00:00:02 - Busy Week & What We Are Seeing00:00:47 - Venezuelan Gangs Taking Over Apartment Complex 00:03:04 - Issues with the Apartment Complex 00:05:00 - Impact on Aurora and Crime Waves 00:11:09 - Cities with the Most Illegal Aliens 00:13:08 - Impact of Illegal Aliens on US Cities 00:14:30 - Sanctuary Cities and States 00:17:37 - Major US Cities with High Illegal Alien Population 00:19:49 - Urgent Need for Action 00:21:22 - Conclusion and Call to Action 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
undefined
Aug 21, 2024 • 19min

Who Is Your Cinderella Man?

Who is the Motivational Figure that Helps You Overcome Tough TimesDiscover the unexpected inspiration behind a motivational journey. Dive into a story of resilience, challenges, and an unexpected encounter with a beloved figure. It's a tale of finding strength in the most unexpected places. Stay tuned to uncover the heartwarming twist that will leave you feeling uplifted and ready to conquer any obstacle.In this episode, you will be able to:Discover how overcoming adversity in inspirational movies can inspire resilience in your own life.Uncover the impact of the movie Cinderella Man and how it can motivate you to overcome challenges.Explore Russell Crowe's diverse career and the lessons we can learn from his journey to success.Understand the importance of motivational stories in tough times and how they can provide the strength to persevere.Learn about the influence of meeting idols and how it can spark motivation in your own path to success.Watch the original video HERE!Book a call with Scott HERE!The key moments in this episode are:00:00:02 - Finding Inspiration in Movies and Music 00:02:12 - The Story of JJ Braddock 00:05:44 - Overcoming Adversity 00:08:01 - Meeting Russell Crowe 00:11:32 - Gratitude and Inspiration 00:13:35 - Seven-Year Podcast Anniversary 00:13:59 - Synchronicity and Gratitude 00:14:26 - Impact and Engagement 00:14:46 - Call to Action 00:15:21 - Final Words 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
undefined
Aug 20, 2024 • 35min

Breaking Down a Tape of 15 Notes

Are you looking for your first note deal? Are you looking for performing, nonperforming, or an REO that you can take down for your first real estate investment deal? Then check out this tape of 15 notes.Scott Carson dives into a tape of notes that one of his previous coaching students sent him that he is looking to move this month. Scott reviews each asset and discusses options for these deals.HERE IS THE MAP OF THE ASSETSCHECK OUT THE FULL 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
undefined
Aug 15, 2024 • 26min

Breaking Down Two Illinois Sub Performing Notes

What is a sub-performing note? How do you determine the value and return on these types of deals? Scott Carson breaks down two sub-performing notes from the Land of Lincoln (Thank God they aren't in Chicago). He shares how he found them, the numbers, and the tale of the tape. Scott also discusses the potential returns on the different exit strategies from getting the borrowers back on track, evicting them, modifying the loans for cashflow, or selling off the assets.In this episode you will learn:What a sub-performing note is and how it differs from a performing or nonperforming note. The difference between a contract for deed and a traditional mortgage note. Why it is so important that you set your borrowers up for success when originating loans. What is going on with the CFPB concerning CFD investors? The different exit strategies and estimated returns of each strategy. How to calculate the ROI when modifying a note's interest rate and term.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
undefined
Aug 14, 2024 • 40min

How To Work California Foreclosure Lists

Answering a Listener's Question on Working CA NOD ListsHave you heard these myths about working with California foreclosure lists? Myth 1: You can only work with big banks, not smaller lenders. Myth 2: It's impossible to find out who the lender is from the foreclosure list. Myth 3: Buying mortgage debt is a complicated process. I'll share the truth behind these myths, but first, let's dive into the secrets of navigating California foreclosure lists.In this episode, you will be able to:Discover effective strategies for leveraging foreclosure lists to find lucrative real estate opportunities.Gain a comprehensive understanding of the pre-foreclosure processes specific to California, empowering you to navigate these situations with confidence.Uncover valuable insights into investing in distressed mortgage debt, unlocking potential avenues for profitable real estate ventures.Differentiate between judicial and non-judicial foreclosure states, enabling you to navigate the complexities of each with ease.Learn essential tips for realtors working with foreclosure properties, enhancing your ability to capitalize on these unique real estate opportunities.The key moments in this episode are:00:00:02 - Introduction and Listener Request 00:01:42 - Understanding Pre-Foreclosure Lists 00:06:52 - Analyzing the Foreclosure List 00:09:11 - Evaluating Equity and Loan Balances 00:11:59 - Assessing Purchase Dates and Reasons for Default 00:12:47 - Exploring Equity and Interest Rates 00:13:21 - Analyzing Rent Rates 00:15:07 - Helping Homeowners in Distress 00:17:45 - Reaching Out to Homeowners 00:23:20 - Contacting Trustee for Debt Purchase 00:27:53 - Introduction and Background 00:28:33 - Strategies for Debt Buying 00:30:38 - Contacting BDF Group 00:32:51 - Contacting Trustees 00:36:27 - Final Remarks and Call to Action 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
undefined
Aug 13, 2024 • 50min

The Johnny Appleseed Marketing Method

WHY FIVE MINUTES A DAY TO PLANT SEEDS WILL HELP EXPONENTIALLY GROW YOUR REAL ESTATE INVESTING BUSINESSJohnny Appleseed was a revolutionary figure who changed the landscape of the Midwest by planting apple trees all across the country and helping settlers secure their homesteads. Most people don't know of this historical figure and how his daily activities and can-do attitude helped thousands. What can we learn from Johnny Appleseed that applies to your real estate investing in the 21st century> Scott breaks down how planting your "seeds" daily can dramatically change the outcome of your future.In this episode, you will learn:-Why five minutes a day of marketing your business is all you need to start out doing.-Drafting ideas for content from news, deals, case studies, and your focus will help you attract your niche audience.-How creating a one-minute video on a topic helps you create eight pieces of content.-The demographics on why short from videos on YouTube and TikTok can help you target your perfect investor profile.-What are the best days and times to post to YouTube and TikTok.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
undefined
Aug 9, 2024 • 27min

Five Ways To Buy Your First Investment Property

From Fix-and-Flips to Note Investing: 5 Routes to Real Estate RichesAre you tired of feeling stuck and frustrated, trying to break into real estate investing? You may have been told that you need a lot of money saved up, great credit, or connections to even get started. But let's face it, those barriers can be disheartening and make you feel like real estate investing is out of reach. If you're nodding along, feeling the pain of these limitations, then you're not alone. Many aspiring investors have faced the same roadblocks. But what if I told you there are five different ways, plus a bonus sixth strategy, to buy your first investment property without needing a huge amount of cash or perfect credit? Stay tuned, because I'm about to reveal these game-changing strategies that could finally get you into the real estate game.In this episode, you will be able to:Discover the essential steps for buying your first investment property and kickstart your real estate investment journey.Uncover the potential of hard money lending for real estate and how it can revolutionize your investment opportunities.Master the ins and outs of DSCR loans for property investment and unlock a powerful financing option for your real estate ventures.Explore the advantages of owner-financing real estate deals and how it can open doors to lucrative investment prospects.Delve into the world of note investing in real estate and uncover a lesser-known yet highly profitable investment avenue.Watch the original video HERE!Book a Call 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 Pinterest

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode