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The Note Closers Show Podcast

Latest episodes

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Jun 26, 2024 • 15min

The 7 Worst States To Buy Real Estate In The Next Five Years

Which states do you want to buy in over the next five years? More importantly, which states should you avoid like the plague if you are looking to buy (or sell) real estate between now and 2030? Most of these states won't be surprised as BankRate.com released an article listing the seven worst states to buy property according to realtors in those states.READ THE ARTICLE HERE! We even took it a step further and focused on the Top 10 worst states to buy or invest in. It goes beyond the foreclosure timeframe, cost of living, and property taxes on this list. Property insurance, job growth, homelessness, and crime rates also played a big part in our picks for the worst. Of course, there are parts and places to each state that we love, but we just don't love the idea of owning property there!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
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Jun 25, 2024 • 33min

12 Small Balance Performing First Liens You Can Buy For Under $25K

Earn Above Average Returns With Under $25KI know that many new investors struggle to do their first deal. They overthink the process and will often struggle with "overanalysis paralysis" when it comes to pulling the trigger. But you will learn more about investing in a niche by doing your first deal than you would if you took every class on the subject. The same is for note investing, but we have a solution for you! This episode is designed to help you pull the trigger!We've got a list of 12, small-balance, performing, first liens available for sale from a client of ours. All of these notes are well seasoned, performing, and are backed by property values way above the payoff balances. The best thing about this is that you can step into some cash flow and earn a decent return without breaking the bank. With balances ranging from $3K to $37K, you can cherry-pick this list with most selling for under $25K! This is a great opportunity to help you put your small balance SDIRA, ESA, or HSA to work today!DOWNLOAD THE LIST OF NOTES HEREAll of these loans are serviced with Madison Management and have clean collateral files! There are ZERO broker fees as we are just helping our friend move these notes so that they can raise some capital for another deal (If you wanted to pick up the whole tape, you could do so for $175K). WATCH ME GO THROUGH THE TAPE 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
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Jun 24, 2024 • 1h 22min

Baldwin Advisory Group: Your One-Stop Due Diligence Spot

Protect Your Investment: Why Due Diligence is Critical When Buying NotesIf you're feeling the frustration of not knowing where to go for comprehensive due diligence services in real estate investing, and you're tired of making costly mistakes, then you are not alone!In this episode, you will be able to:Uncover the hidden risks and opportunities with comprehensive real estate due diligence services.Gain valuable insights and make informed decisions with broker price opinions.Safeguard your investments by understanding the importance of thorough title searches in real estate.Protect your assets and minimize surprises with property condition reports.Enhance your real estate evaluation with the advantages of utilizing drone footage.My special guest is Dickie BaldwinDickie Baldwin, a seasoned industry veteran with over 40 years of experience, stands as a beacon of wisdom in the real estate arena. His journey, spanning from realtor to loan originator and correspondent lending, culminated in the establishment of the Baldwin Advisory Group. With a deep understanding of the nuances of real estate investing, Dickie's mission is to empower investors through comprehensive due diligence services. His personable approach and relatable insights make him a trusted advisor for those navigating the complexities of real estate investments. Dickie's wealth of knowledge and genuine desire to see investors succeed solidify his position as a go-to expert for all things due diligence in the real estate realm.Book your Due Diligence with BAG HERE!Watch the original Video HERE!Book a call with Scott HERE!The key moments in this episode are:00:00:02 - Introduction to Dickie Baldwin 00:06:00 - Importance of Due Diligence 00:10:55 - BPO and Property Condition Report 00:16:37 - Rural Property Challenges 00:19:28 - Importance of PCR in Property Assessment 00:19:53 - Property Inspection and Valuation 00:20:52 - Importance of Property Condition 00:22:33 - Self Directed IRA and Property Valuation 00:23:29 - Drone Flyovers for Property Assessment 00:30:47 - Commercial Property Valuation 00:37:30 - Importance of Multiple Owner Search 00:38:19 - Cost of Title Searches 00:40:26 - Purpose of Title Search 00:43:14 - Importance of Recorded Assignments 00:53:24 - Importance of Due Diligence 00:56:37 - Importance of Tax Sale Reports 00:57:57 - Ordering Process and Forms 01:02:40 - Real Estate Network and Services 01:06:51 - Property Visits and Documentation 01:09:34 - Skip Tracing and Title Curative 01:15:59 - Importance of Due Diligence 01:16:17 - Payment Process 01:17:35 - Continuous Learning 01:18:21 - Protecting Assets 01:18:55 - Future Plans 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
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Jun 19, 2024 • 27min

How You Can Take Part in the 2024 Banking Blitzkrieg

Join Our Elite Team of Hungry Note Buyers on a Summer Calling SpreeHave you heard the myths about taking part in the 2024 Banking Blitzkrieg? Myth 1: You need to be an expert in the note business to participate. Myth 2: It's too time-consuming and requires a huge investment. Myth 3: You won't get any real value out of it. Want to know the truth? Stay tuned for the surprising reality behind the 2024 Banking Blitzkrieg strategy.RSVP YOUR SPOT NOW HERE!In this episode, you will be able to:Uncover the untapped potential in the Texas mortgage bankers list to supercharge your note buying strategy.Master the proven strategies for note business success and unlock a world of lucrative opportunities in real estate.Launch a banking blitzkrieg to reap the exclusive benefits that can propel your real estate investments to new heights.Harness the power of LinkedIn for real estate networking and open the door to a wealth of lucrative connections and deals.Implement drip marketing campaigns to establish a strong network of asset manager contacts and become a sought-after player in the note buying market.Watch the original episode 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
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Jun 14, 2024 • 52min

Cracks in the Housing & Mortgage Markets with Mike Mills

Surviving the Housing Crisis: Expert Advice You NeedHey, do you ever feel like you're putting in all the effort but not seeing the results you want? Maybe you've been told to take certain actions to get ahead, but they just don't seem to be working. It can be frustrating, right? You're not alone. Many real estate and mortgage professionals have been in your shoes, feeling the pain of working hard with little payoff. If this sounds familiar, you're not alone. Let's dive into what's really going on in the Texas real estate and mortgage markets to understand how you can adapt and thrive.In this episode, you will be able to:Understand the latest Texas real estate market trends and gain a competitive edge in your business.Master mortgage strategies for difficult loans and close more deals with confidence.Learn how interest rates impact home buying decisions and adapt your approach to client needs.Harness the advantages of podcasting to elevate your real estate professional status and reach a wider audience.Explore creative home financing options in Texas and expand your toolkit for client solutions.My special guest is Mike Mills. Mike is the host of the Texas Real Estate and Finance podcast, whose expertise as a mortgage expert and branch manager specializing in DFW and Texas real estate is unmatched. With a passion for empowering others through knowledge and a deep understanding of the market dynamics, Mike brings a unique perspective to the table. His insights into the cracks in the Texas real estate and mortgage markets offer a valuable opportunity for real estate and mortgage professionals to understand their clients' needs better and confidently navigate the ever-changing landscape.Watch the original video HERE!Connect with Mike HERE!Talk with Scott Carson HERE!The key moments in this episode are:00:00:02 - Introduction and Special Guest Introduction 00:03:45 - Real Estate Market in Texas 00:04:18 - Difficulty of Getting Deals Done 00:07:04 - Tightening of Lending and Credit Market 00:10:38 - Recency Bias and Consumer Behavior 00:11:10 - Impact of High Credit Card Rates 00:13:44 - Challenges in Commercial Real Estate 00:14:25 - Economic Outlook and Market Trends 00:16:30 - Concerns about Federal Debt 00:20:00 - Affordability of Real Estate 00:22:20 - The Pitfalls of Overpaying for a First Home 00:23:27 - Impact of Lack of Financial Education 00:24:39 - Learning from Financial Mistakes 00:27:47 - Changing Perspectives on Living Arrangements 00:29:10 - Financing Challenges for Tiny Homes 00:33:27 - Real Estate Market Trends in Texas 00:34:44 - Seller Concessions and Buy Downs 00:36:18 - Geographic Limitations for Mortgage Loans 00:37:55 - Challenges and Rewards of Podcasting 00:41:06 - Importance of Hands-On Experience 00:44:10 - Consistency is Key 00:44:42 - Connecting with Mills Team Mortgage 00:45:27 - Specializing in Non-traditional Loans 00:46:09 - Providing Pathways to Success 00:47:08 - Embracing Diverse Dialogue 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
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Jun 11, 2024 • 25min

How To Find & Contact Texas Bankers For Note Deals

If you are looking for performing or nonperforming notes in Texas, you will love this episode! Scott Carson shares how to get a list of licensed mortgage brokers and servicing companies doing business in Texas directly from the state Savings & Mortgage Lending department. This list includes company names, contact person, email, and phone numbers for the person in charge of licensing which gives you a warm lead into talking with the companies about who handles their distressed note sales. Scott discusses his three-step approach to contacting these leads through email, phone, and LinkedIn and why drip marketing to this list monthly is worth your time to find note deals for your own portfolio.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
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Jun 7, 2024 • 24min

What Will Your Dash Mean?

I just got back from spending some time in Minnesota with my Mom to attend a celebration of the life of my aunt and uncle who recently passed. The minister shared a poem called "The Dash" about how we celebrate the lives of people (or the dash) between their births and deaths. It's been over 30 years since I visited the state where I was born and the amount of memories created and shared amongst my extended family of uncles, aunts, cousins, and family friends had me thinking a lot about the poem and what it represents for us as entrepreneurs and real estate investors. Check out The Dash at: https://snip.ly/TheDashWatch the original video 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
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May 24, 2024 • 34min

Why Note Investing Is A Lot Like Baseball

Why is note investing a lot like baseball and that national pastime? You don't have to be a fan of the diamond to understand that winning as a note investor is a team game and not a one-man band. Scott shares why you need a team to help you succeed and why it takes practice, patience, and striking out to become an expert note investor. He discusses why so many investors fail: they don't invest in themselves or give themselves the grace of understanding that anything great takes time and commitment.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
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May 22, 2024 • 12min

Is Graceland Facing Foreclosure or Fraud?

Is Graceland really facing a May foreclosure auction or is it a case of mortgage fraud?  USA Today released an article talking about how a private Memphis lender is trying to foreclose on Elvis home by presenting a deed of trust for $3.8 Million that was supposedly lent to Lisa Marie back in 2018. With her death last year, the company is claiming that the loan was not paid back and filed a foreclosure action in Shelby County (Memphis), TN to take back the iconic landmark.READ THE FULL STORY AT https://snip.ly/gracelandElvis granddaughter and heir of Graceland, Riley Keogh, is fighting the sale claiming that the deed of trust is fraud and that the money was never borrowed.  What screams fraud (and the same would be said of any private lender) is that there is no lien or deed filed on the Shelby County Recorder office. This would be the first thing that any private lender would do to protect their position.  Naussany Investments and Private Lending in Missouri is the company filing the foreclosure action that was delayed by Keogh's legal team.We dive deeper into the story and share how we researched this story in the full episode.Watch 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
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May 21, 2024 • 14min

The Commercial Distress Report - Multifamily Doubled!

You've heard that many distressed commercial properties are facing problems in the market, but how do the numbers compare when broken down by property type and their level of distress or maturity levels? That's where the CREDiQ monthly report on payment status comes into effect!Multifamily distress nearly DOUBLED in a month!!! from 3.7% to 7.2% READ THE FULL REPORT HERE!Most of it was due to a large $1.75 billion loan ($561,000/unit) backed by Parkmerced, a 3,221-unit multifamily- which has been underperforming below break-even @ 0.47x DSCR and 83.5% occupancy.Retail’s third consecutive distress rate increase earned them the number two slot while relinquishing their leadership position from the March report. The retail segment distress rate increased from 9.5% in March to 11.9%, achieving a record level for the segment. The hotel segment notched the third-highest month-over-month increase – gaining a full percentage point from 7.7% to 8.7%. Meanwhile, the office segment logged its fifth consecutive monthly increase by a modest 3 basis points, landing just behind retail at 11.7%. Meanwhile, the industrial and self-storage segments continued their virtually non-existent, sub-1% distress ratesNearly one-third of the distressed loans are current or within the grace period. The largest category was non-performing, matured at 36.8%. The closely watched performing matured category represents 9.2% of the loans.WATCH THE ORIGINAL VIDEO 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

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