Shake Off the Market Jitters: How to Get Great Returns Passively Through Non-Performing Notes! 💰
Feeling uneasy about the market? Want a truly passive real estate strategy? This episode is for you! Jonathan Hayek interviews Scott Carson, founder of We Close Notes, to unlock the secrets of non-performing note investing in today's uncertain market. Learn how to generate amazing returns by rehabbing borrowers, not properties!
In this episode, you’ll discover:

• Why Market Uncertainty Creates Opportunity: Why a distressed market is a note investor's playground.
• What are Non-Performing Notes? A breakdown of what they are, how they are sourced, and how to get the biggest discounts.
• Scott Carson's Background: How Scott built his real estate investment business and made connections with banks and asset managers.
• The Note Investing Strategy: Buying mortgage debt direct from banks on both residential and commercial properties.
• Preferred Note Types: Why Scott focuses on first position liens.
• Avoiding States With Lengthy Foreclosure Time Frames: New York, New Jersey, and Chicago.
• How to buy notes: What types of lenders and locations to consider for opportunities.
• Community Banking: Why community banks are the perfect partners for deals under $10 million.
• Scott's Process For Sourcing Deals:
• Using electronic files and PDF's to gather information
• Cash Flow Potential, Occupancy Rate, and Location
• The Importance of Due Diligence: The steps to protect your investment.
• Scott’s Three PayDay Systems:
• Getting Cash flow
• Selling the Note or Refinancing
• Foreclosing
• Building Relationships: with vendors, brokers, investors and lenders.
• Common Mistakes for Newbies: How to double-check taxes and insurance in the correct way.
• The Mindset of a Successful Note Investor: Why you need to understand the market and be the banker.
• Getting Started on a Small Scale: Pro tips for beginners.
• The Power of a LinkedIn Profile: Why a complete LinkedIn profile passes the "smell test" with lenders.
• Building a Team: How to partner with servicers and other professionals.
• How to contact banks What is the contact information for banks in charge of real estate
• Getting High Returns: Why investors should be expecting a return of 14% to 15%.

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