When you’re in the online marketing space like Kristie and Elijah Whites from Serving Social are, automatically what you get a lot is, “I want to build a web store because this kid on this show that I saw made $100 million in two weeks and I know I could do that because I have a great product.” Kristie and Elijah says you could probably make $1 million dollars in two weeks or even … Read More
EP 312 – Finding Motivation And Overcoming Obstacles with Denise Walsh
We see it all the time, not just in the network marketing business, where we’re working with people who want change. They want to do something different but the how scares them. They slip and fade away and go back to what’s comfortable even if they don’t like it because it’s easy and they know it. But trainer, coach, and author Denise Walsh says it’s not a place of growth. There’s a few things … Read More
EP 314 – Borrower Outreach: To Call or Not to Call?
Dealing with people can be tricky. Most especially when you are calling your borrowers about note deals. Scott breaks down the to-dos and what-not’s when doing your own borrower outreach. In this business, you will most likely be in the dilemma of choosing between “to call” or “not to call.” Either way, there are things you need to keep in mind when faced with these situations—from the legalities and authorization, up to the right … Read More
EP 311 – Motor City Investments with Michael Jordan
One thing that people have to remember is that the job growth and the opportunities got to keep up with the development. Mike Jordan, president of Strategy Investment Group based in Michigan says he’s seeing a lot more Motor City investments as investors pick up properties and revitalize them in the Detroit area. Jordan specializes in real estate investments and property management services. His specific philosophy is to always look at clean, repair, replace. Where … Read More
EP 310 – Ohio And Michigan Foreclosure Laws with Franco Barile
Whether it’s a nonperforming first or a contract for deeds, if you are buying assets in the Ohio and Michigan markets, real estate attorney Franco Barile is your go-to person. Having partnered with Tony Sottile, Franco has taken full advantage of the business side of the real estate legal game. Between them, they have four licenses under their belt for Ohio, Michigan, Indiana, and Kentucky doing title and collateral reviews. They have a full … Read More
EP 309 – The Hurricane Effect
When the floods happened, when the hurricane rolled through Texas, there were somewhere between 45,000 and 75,000 household affected by it. That number is increasing. That’s the hurricane effect. What does that mean? It means there’s an opportunity for us as note investors, if you like Texas notes, to reach out to the banks, reach out to the servicers, reach out to the mortgage companies and mortgage bankers to see if they’ve got anything … Read More
EP 308 – Syndications with Joel Block
Master your craft and master the money. Bringing the money to the deal is where the magic is. You’ve got to master both of those to understand and identify opportunities in the market, not only for yourself but also to understand what your investors are looking forward. However, most people don’t understand how to raise capital to buy real estate. Joel Block from Bullseye Capital, LLC says that’s what they teach people. They’ve put … Read More
EP 307 – Ten Note Commandments
There are a lot of different rules you have to keep in mind when you’re buying notes because there’s a lot of moving parts to the note business and lots of nuts and bolts. There are a lot of them, but these are probably the ten biggest ones you need to keep in mind when you’re looking at buying distressed notes. This is just a start to get more information to understand things a … Read More
EP NNA 17 – Choosing Markets
Choosing markets is one of the scariest things that people do. Let’s face it, if you’ve been in the note business for longer than six months, you find that not every market is created equal and not every market has the same foreclosure time frame. Most don’t even have the same inventory levels. Choosing a market investment is like buying a monopoly. You’re not going to be buying Park Place or the railroad stuff, … Read More
EP NNA 18 – Steps To Building A Blueprint For Success
Nobody is an overnight success. We make a lot of mistakes but the important thing is to learn from our failures. If you love what you do, just keep pushing and pushing to go up, make things happen, and don’t take no for an answer. Find a way to make it work because perseverance does pay off. Scott recounts his life story of how he rose up in the note business out of nothing, … Read More
EP 305 – Adapting Your Business Models with Jay Tenenbaum
The market is constantly changing back and forth with pricing. Prices five years ago are different than what they are today. Scott interviews note and real estate investor, Jay Tenenbaum, about his business models and how he has adapted his note business as the market has changed. Jay has been involved in notes for almost five years now, and keeping borrowers in their homes has been his mantra. His business has evolved multiple times. … Read More
EP 306 – Mistakes, Multifamily And Raising Capital with Tyler Sheff
Trying to come up with a way to reduce taxes, Tyler Sheff started researching how to do that legally. The only thing he came back with was buy real estate and hang onto it. That’s what he started doing. Scott interviews real estate and note investor, Tyler Sheff, about some of the mistakes that he has made over the years, along with the multifamily market and raising capital. Tyler is a successful real estate … Read More