How can you make 100K a year with bank notes? In this episode of Note Night in America, Scott Carson breaks down the numbers behind making $100,000 a year in income as a note investor. He discusses how many deals you need to do to first cover your monthly expenses and why performing notes can be a great way to automate your investing process. He also breaks down why investors would fund your deals along with breaking down the averages when it comes to closing on nonperforming notes to turn them into performing cash cows. He also shares the numbers behind buying one note a month for 24 months and how that can turn into an annual six-figure payday on autopilot.

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How To Get to 6 Figures This 2022 Through Bank Notes

I’m glad to have each and every one of you join us here from all across the country. If this is your first time on the show, welcome. We’re glad to have you with us. We’ve got people from all across the United States and all across the world that tune in on a regular basis. It’s the twelfth year in 2022 that we’ve been hosting stuff on show. It was conference calls going back to 2010.

We’ve got a great topic to talk about. We’ve got a ton of great episodes out there for you. A lot of them are. Make sure you subscribe and can also read to these on your favorite platform. All of our videos are on YouTube. Make sure you hit the subscribe button there. If you like a little bit of extra content, we’ve got two amazing other shows. We’ve got the 50,000 megawatts blow torch, The Note Closers Show Podcast, and we also have The Note Camp Live Podcast or note camp conference podcast with the 5th season for that one. There are lots of places for you to learn from.

Big thank you to everybody that was a part of our Virtual Note Buying Workshop. We do these once a quarter. If you go to NoteBuyingForDummies.com, we’ve got that special, extra early bird special at half off right now. Get signed up there. Start watching the replays learning, and taking a little bit more information. We’re doing implementation coaching for those that were a part of the class. Watch the replays and learn into the four weeks. Get signed up for the next virtual workshop.

We are honored to be here, being the number one investor recommended training for note investing. We’re honored that you guys have made us that. We keep delivering the content. You keep asking questions and closing deals and we rock and roll for you. We are here to make some money. Our topic is all about making six figures, making $100,000 as a note investor. In the last several years, we have started a virtual workshop and done this once a year. I’m talking about how to make six figures and do $250,000 in twelve months. I went back and looked. I said, “I need to tweak this up because not every deal’s going to work, and not every deal is going to be perfect for you.

You’re going to like this presentation for you and probably will go back to it. Feel free to use this as your guide, North Star, and compass in helping you move into the no business. We all don’t want to work our asses off and be on that treadmill over and over, the hamster wheel where you’re doing the same thing over and over. A lot of us have felt like that in some cases. Who knows that, especially the test in the last several years.

Making six figures as a note investor is not hard if you will plan it out and put the plan in place. It’s not going to happen overnight. We’ve always said, “Note investing is not a get rich quick.” If you think it’s a get rich quick, you’re in the wrong spot. This is not a get rich quick, but it is you can build great wealth, and I’ve got a simple plan for you. You can accelerate this plan by exponentially or doubling your audience, marketing, or deal flow, but basic stuff. You’re going to love that.

Making A Lot In Lower Value Assets

Let’s talk about getting to the six figures in 2022. We went through this in the workshop. I’ve tweaked the slide since there. I noticed a few things. You may recognize this. If you’re the key to making six figures in 2022, it is not difficult. You need don’t need to go buy a $1 million property and flip it. That’s one way to do it with one deal, but that doesn’t mean it’s the best way. Let’s break it down to basics. Similar basics, there are still a lot of lower-valued assets out there.

If you’re going to be in the no business long term, you’re probably going to be buying in that $100,000 or $50,000 range or less of property value. Let’s assume some numbers. If you say, “Yes, Scott. Assume you make a** out of you and me both, as they say.” What I like to say is like, “If you want to be financially independent, what do you need coming on a monthly basis that will help you get over the hump?” You can go, “I don’t have to work. My bills are covered this month. I can do what I want to.”

You need $5,000 a month in cashflow. That’s $60,000 a year. You’re going to probably be targeting initially to get your feet wet. I’m going to show you some simple ways that this simple path can lead to big figures on an annual basis for you. I like to look at the basics, assets that have a $50,000 value. They’re non-performing, they are occupied, and I can pick them up at $0.50 on the dollar.

You can still buy assets at $0.50 on the dollar. You follow up, and you know where to look and stuff like that. This is what we covered in our three-day class anyway. You’re buying assets at $0.50 on the dollar of value. They will say the unpaid balance is equal to roughly the value of the property, or they owe a little bit more because there are those out there behind.

You’re picking these up at $25,000. You’re looking for assets that are owner-occupied and that are occupied with owners living them. You could look at tenant occupied. It’s fine, but you’re not chasing vacant assets because we want to build cashflow for you long term with the no stuff, where you don’t have to deal with toilets, tenants, and trash house.

Rent rates are going to be a lot higher than the existing mortgage rate. In some cases, in the past, rent rates were lower than what the mortgage payment would be. For most of us, 90% of the country, rental rates on the same property are always going to be higher. Keep that in mind. We want to target existing payments in the $500 range.

I was talking with somebody earlier. If you’re taking down a deal for yourself, or you’re using your own funds and your IRA, especially nonperforming, you want that mortgage payment, that principal, and interest payment to be at least $250 a month to cover at least the servicing cost. If you have a non-performing on your paying $90 a month, you still want to bring in close to $170 to $180. If it gets reperforming, pull in $200 a month.

We’re still going to target that $500 range. You double that, and you’ll understand the reason why. With borrowers, if they’re not performing, you’re going to ask them to bring some money to the table before you rent and allow them to do a trial payment plan or reinstate the loan. They got to bring some back payments. I always like to collect four months of rent.

If you figure $500 a month P&I times, four is $2,000. It’s not difficult to find that out there. We’re going to use OPM, other people’s money, and investor money, not to partner with. We’re going to borrow that money on flat interest rates of 6% because there are millions and a lot more people out there that are used to make they’re making zero or 0.01% in their accounts. There’s no reason to be doing 12% anymore.

 

If somebody is not going out, investing, and finding themselves, don’t give them something that you would work your ass off for. Give them something, “It’s still a good return. 5% to 6% for the men in the long run.” We’ll talk about why that’s important for you. You’re borrowing the $25,000 at 6%, and you’re paying your investor roughly $1,500 per year. That comes down to $125 a month, 6% times $25,000 is $1,500 per year and $125 per month.

If you’re targeting assets to get to that and where you’ve got $5,000 a month coming in, or if you’ve got $500 a month coming in on these assets and you take $125 away, you’re netting $375, but you still need to hit the $5,000, take $375 and divide that into $5,000. That comes out to 13.3 deals. We’re going to round it up because you don’t do 0.3 a deal, so fourteen deals. If you figure this out, $5,000 divided by $375 equals 13.3 deals there for you.

We’ll say you’re paying your investor out of the $500 a month that normally comes in these payments. You’re paying them $125 is paid back to the investor under 6%. If you take $375 a month times thirteen deals times twelve months, that cashflow is going to come out to $58,500 in annual cashflow. That’s the first step to making six figures. You’re making $58,500 or $58,000 and a little bit more with that fourteenth deal, an annual cashflow for you.

You’re also collecting skin in the game. Four payments of $500. It’s $2,000 on average, some more, some less from the borrower that you’re putting that in your hip national bank. If you figure you got fourteen deals, $2,000 times 14 deals equals $28,000 of income. That number is going to bring to $86,500, $58,500 on the cashflow plus $28,000 equals the $86,500. That’s the first part. That’s giving people back on track. It is the first part of the case study. The first part is to help you make six figures.

If you get people on track for twelve months or you’re buying some non-performing notes that you’re going to make a pretty decent return on as well, too, above and beyond, that can also work for you. It doesn’t always have to be non-performing. It can be some performing stuff. Five hundred dollars is a rough number, maybe sums a little bit less, sums a little bit more. It all depends on the statutes. I’m trying to go average.

I had somebody that reached out to me like, “Scott, I have this portfolio. I bought twenty notes, and the average payment wasn’t $500. It was $400.” I said, “What’s the average value?” He said, “It was $40,000.” I’m like, “You’re a little low. Light on that. If you go up a little bit higher, probably be a little bit higher.” I’m giving some specifics to look at generalities here for you guys. If you want to get specific on deals, you can get specific on deals, but I’m not going to. We’re going to go through this and give you a bit of a game plan.

If you are buying $50,000 assets and you’ve bought fourteen of these assets, that means you control a $700,000 loan portfolio. That’s the fair market value if they’re worth $50,000 times 14 at $700,000 in fair market value. You’ve borrowed those at $0.50 in the dollar, $25,000 times 14 means you have raised $350,000 in capital and funding.

Everybody I know on here is capable of doing that. You’re all capable of raising $1 million, but $350,000, yes, you can do that with your first fourteen deals. If you’re doing it not, yes, some of those will be higher, some be less, but you’re all capable of raising $500,000 in the next 30 days. You got to remember the funny part is getting 6% payments made quarterly. I wouldn’t do it monthly. I would do it quarterly. Especially if you’re using a lot of self-directed IRA money, they can’t touch the money anyway. Monthly makes it a little bit difficult. You might as well do it quarterly. Save you the wire for your process transferring free.

Question people always ask, “This sounds great, Scott, but how do I return my investors’ money?” It’s only if they want to get into it. We talk about short-term investments of 12 to 24 months, “Short-term, 12 to 24, not 30 years as a note holder.” Trust me, if you’re paying them 6% regular. They’re going to want to be in there a lot longer than 12 or 24 months.

Let’s talk about how you’re returning your investor’s principle. If you’ve got a note that’s been performing for twelve months, those now equals re-performing notes, and you can sell those notes to roughly 80% of the fair market member. The unpaid balance is at or above what the value of the property is for this analogy here for you.

If you sell on your portfolio $700,000 at 80%, you’re selling those notes for $560,000 in your note sale proceeds. If you’ve got notes at 8%, I guarantee I got people who would buy them at 8% from you all day. Those could be IRA investors or other mortgage funds as well. If they’ve got twelve months of seasoning, you got some people that will buy that.

You pay back your investor or investors who have launched you the money. You’ve paid them back their $350,000, and you’ve been paying them quarterly. They’re getting their $350,000 back, and they’ve gotten their 6%. They’re pretty freaking happy. They got 6% passively without doing any work besides investing with you. It’s a flat loan rate. They’re not getting any split of the back ends. They’re getting their flat 6%. That’s the biggest change in this. We don’t talk about splitting in the back end anymore.

You’ve got $210,000. That’s the difference between $560,000 and $350,000 and what you pocketed in note sale proceeds plus the $58,500 in cashflow, plus the $28,000 game the game to force payments per deal, that number comes to $296,500 if you add those three up. “Scott, I don’t think I can buy fourteen deals in my first month.”

I get it. I don’t know your actions. I know some people have bought fourteen deals in their first month. I know some people are marketing for money. It’s whenever you dive into this, maybe it doesn’t, maybe it’s hard to figure out, “I can’t find deals these days?” That’s a bunch of BS because you can’t. We are helping our students find deals every day that fall into this.

We’re helping them raise capital at 6%, helping them get the word out about what they’re doing. If you put the work in and start marketing, don’t go on thinking you can’t. If you think you can, like Henry Ford says, or you think you can, I think you can’t. You’re correct. You’ve got to approach this like, “I can do this.”

 

Let’s talk a bit more. What is the funding? What does your investor get? They’ve got 6%. That’s all they get. They’re not doing any work. They’re not marketing. They’re not showing up on Monday nights. They’re not educating themselves on the different workshops or things they’re doing. They’re not doing diddly. Don’t give them more than diddly. Give them their 6% or less.

You got to realize money invested into something that’s not paying zero or has a negative percentage is positive with inflation being like it is, or they’re paying fees on the accounts. We talked about filling your cup first. In America, you say the best savings account is 0.55%, which is half of one point, or the best CD is at 0.7%. You get them nine times what they would get in the world’s best savings account right now. BankRate.com. The highest savings is Charles Schwab or Master and stuff like that at 0.7%. Not 7%, it’s 0.7%. If you’re offering something that they’re not doing, it’s going to be a win-win there for you. You are doing short-term 24 to 36 months deals.

If they get it done in twelve months, cash them out, and they’ve been making on autopilot, what do you think they’re going to say to you? “Can I have some more, please? Sir, may I have some more? Would you please keep my money in there because I can’t go do this by myself? Even though I can, I’m lazy like most of America is, and I want something for nothing. I’ll take that 6%, but you’ve got to give me some more, please.

Can we put $100,000 in this time? Can we put $150,000? I know I only gave you $25,000, and I said anything, but I see that you’re serious. I like what you’re doing. Please, I have more money burning in a hole in my pocket that you could put the word. Please, sir. Please save me. Please save my dreams.” You have the option to do it.

They’re making 6% without doing anything. I can’t reiterate that enough. This is one of the been the biggest mind shifts in the last several months that we’ve gone through because here’s the thing. It’s great to surround yourself with investors, but investors were all sharks. I’m tired of paying 12%. The minute I started marketing to other investors out there outside of the real estate clubs and other things like that, money got a whole lot cheaper. You’re doing flat loan agreements at 6% for 24 to 36 months, no prepayment penalty, and no points. It’s a flat return on investment for you.

What you have to realize is that a third of all money sitting in true self-directed eye custodians or trustees is probably making 0%. At least 33% or more from the folks that I’ve talked with at some of the major self-directed irate studies. They’ve got $1.2 million under management and over $400 million of that sitting there waiting for somebody like you and waiting for somebody to come in and say, “I can give you seven times what the bank is getting. You’re getting zero in your account. How about we put in at 6% and get you doing something. Let’s get off your keys and put your lazy assets to work. What do you say?”

Let’s recap. What are you getting? It’s $375 a month to you have the 500 times, 12 months, times 14 deals comes to $58,500. You’re collecting at least $2,000 of payments from the borrower. I think I might have the $58,500 off. I look at this again, $375 times, 12 times 14. Yes. $63,000. It was $63,000.  You’re collecting at least $2,000 of payments for the borrower. $2,000 times 14 is an additional $28,000. You’re paying your investor. They are flat at 6%, which is coming out of that $500 a month payment.

If you want to keep it for cashflow, great. You never got to sell it back if your investors are happy making 6% or if you need to. You sell the reperforming out and cash out your investors, and you keep all the percentage. It’s up to you, or you’ll leverage what you got going on with the assignment of collateral and go out to buy some more notes. There are some great ways to do it.

The Slow And Steady Version

The whole idea of this is to rinse and repeat. Does anybody feel like they can’t do that? Of the folks that are reading, How do you feel about that? Can that be done? We’re talking fourteen deals. I think everybody can do that. If you figured this out over one a month, by the time you got to next year, you would have some deals flowing and cashflow coming in.

I did take those numbers and took it to another level for you. I was like, “What if we were to do the easy thing? What if instead of you going out and trying to do fourteen deals, who are all reading, what if instead of you trying to go do it all at once to get burned out? What if you did the slow and steady? What if you love your job? What if you love your career?” This is a hobby for you.

What does that look like if you did one a month? You scratched your itch and did one a month. It gets pretty big and fast. I did that. If you take one performing note, you buy one performing note for two years. That’s 24 months, and that’s what I did. I did one there a month, and you added another one a month. Each month you’re adding in, you can see the cashflow starting to grow. The first month is $375. The second month is $750, and that monthly cashflow grows quite a bit. Up the point at the 24 months, you’ve got $9,000 a month coming in without having to do anything.

In the first 24 months, you would’ve brought in $112,500 in cash. That’s then the number down at the bottom here. We call that the one-note for 24 months equals $112,000 in profits and cashflow from that in the first 24 months. Plus, come to an end, you’ve now got $9,000 a month on average, $108,000 a year on autopilot on those 24 notes. You keep adding more if you want to or, “My costs are $5,000 a month. I’m good. I got shut up money. I got F you money. Try to take it away and you’re good.”

That’s a simple thing. You can run the math. Twenty-four notes worth $50,000 each. It’s $1.2 million in value. If you funded the same numbers, that’s 600,000 in private capital for you. Janelle’s loving this. Who else is loving? Show me some hands. Show me some thumbs up. It’s pretty much a six-figure year. It takes a little time. Nobody said it happens overnight.

Matrice Walters. You are doing this yourself, buddy. You’re already on the way to doing this. You’re doing this with some of your notes, but also, you’re doing it with some of your local mobile home stuff that you’re buying and turning into rentals. You’re doing it on a door-by-door basis. This is what you’re doing, Matrice. This is your long-term path. I think you’re right. Where are you at? You’ve got 3, 4, 5, like that. Mike is loving this. This is Mike Brie’s favorite thing of the weekend. He’s like, “I have seen the light. I am no longer blind.” Matrice is up to eight already. That’s awesome. I love it when the a-ha moments come in.

Kathy loves the chart. The chart is pretty easy. You can run the numbers yourself. If you have one note, it’s paying you $375 a month. That’s going to bring in roughly $9,000. That’s talking about if you did that on autopilot, 24 notes times $375, it’s $108,000 on those notes coming in for you. The good stuff is there for you. Janelle is already, “Show me the money.”

 

I wish that was always the case. You’re going to be an equal opportunity investor. You like performing and both non-performing notes. I wanted to make this and make sure you throw this in here because if you’re buying non-performing, not every deal is going to go the performing. I wish the note I bought that was non-performing became performing. That’s not the case. It’s about 50/50.

Let’s say your goal is I need to make $10,000 grand a month profit for the next 12 months. What’s it look like? I need to make that over a year before I can leave my job. Let’s look at it this way. Not every deal will perform. Fifty percent will probably reperform, and 50% will probably turn in a deed loss, cash for keys or foreclosures, where you get some big checks. If you foreclose out, you’re getting a lump sum check. Half of your income will probably be off the reperforming side. We’re going to say 50/50 based on your income.

Let’s talk about that. You take $60,000 on the cashflow side. Annually it’s $5,000 per month. We know what that number is. The other $60,000, let’s shrink it down so that you’re getting $10,000. If you’re buying a note, that’s at $20,000. If you’re buying a note at $50,000, you’re buying at $25,000. You’re going to net $10,000 in profits. The worst case is you foreclosed and sold it off like that. It’s not hard to figure out.

Christopher Lingus says, “I’m loving it like McDonald’s.” Taking that $10,000 per deal or $15,000 on the low-end side. That’s somewhere between 4 to 6 deals. That’s the minimum. I would do a deal to take a property back or foreclose it to make $10,000 to $15,000. There are times that we’ve gotten $60,000 checks in one deal. There are times that we’ve gotten $100,000 checks in one deal.

I’m showing you what I would expect to be. If you’re going to play in that smaller market, there is the $50,000. There is nothing wrong with that. $10,000 and $15,000 are nothing to sneeze at. I’ll take $10,000 all day long. If you need fourteen performing notes to get that $5,000 a month cashflow coming in, plus six notes that you end up foreclosing, that’s a total of twenty deals.

How many deals do you get to bid on? How many deals do you have to get there? This is the reversed engineering of breaking down your KPIs, your key performance indicators. This is where most people struggle. People love the idea, but they don’t like doing the work because they don’t. Nobody shows you how to do the work to build long-term stuff like we do.

If you need to close on twenty deals, it’s going to go a little bit different. It’s technically two-thirds turning into performing and one-third non-performing, but cashflow-wise, we get work all day here and divvied up. I’m giving you what it is. Most investors and students that we work with, especially our one-on-one coaching students, have about a 10% closing ratio. That means you make ten offers to get one approved. This is why I always tell you if you’ve been through my virtual workshop or note weekend, make more than one off.

If you’ve got $50,000 in your account, go make $500,000 of offers because they’re not all going to stick. Even if they do get accepted, you’re going to kill some to do due diligence through some values. It’s going to force you to raise some capital and take your business to the next level. The only way you grow is to get outside of your comfort zone. I think we can all agree on that.

To close on twenty deals, if you got a 10% closing ratio, that means you are at twenty times 0.1. It means you need to make 200 offers. That divides down to sixteen and two-thirds offer in a month. We run into that seventeen offers per month or four in a quarter. It’s four offers every week. If you worked in the market, like we talked about, whether going to some of the websites or marketing, other note investors, or dollar for dollars, you could be making four-plus offers a week. Those numbers adjust as the values go up.

Maybe you’re not getting $375 on one num. You’re getting $700. It’s great. If you’re getting $500 on average versus $375, that’s $625 to your investor and $500 to you. I’m giving you specifics so that you can work with, but that’s not too difficult. Seventeen offers per month, that’s four and a quarter a week. Four offers a week to get to that money range. How many of you guys will do that? Yes or no?

Some of you will, some of you won’t. Some of you won’t even raise your hand. Shelly’s raising her hand. I know Shelly will. I know Mike will. I know other people will, but you have to put that work in. I know the folks have gone through the virtual workshop. I’m glad to have you there. Any questions about this before we dive into some other stuff there for you? Any questions about targeting the numbers?

VIP Days With Scott

I wanted to let you know a couple of things here. We have something we have not done in a while. We didn’t do this during the last the several years of COVID, but we’re going to go back to our one-on-one VIP Day with Scott. If you’d like to come to Austin, spend a day with me one on one. There’s a way for you to do it. There’s a bit of a cost, but it’s a great investment for you.

If you want to put this plan in place, you need somebody to sit down with you and show you where to go. If you want to do that, you might check out the VIP Day with Scott. What’s a VIP day with Scott? It’s a day here in Austin with me. One-on-one here in Austin, Texas, you fly in. We spend a day focused on your business. Usually, I do it Tuesday through Saturday. If we need to do it on a Sunday, we’ll make an exception for you in some cases but usually Tuesday through Saturday. Not Mondays, I prefer not Sundays, but if we do good, any day of the week there for you.

It’s a full day focused on you, your business, and your goals. You can bring your spouse, existing business partner, or assistant. If you want to turn this into a great thing, but you don’t like Scott. I’m a good starter. I’m a good rock and roller. I don’t think I need you handholding me for eight weeks. I think in rock and roll. You probably want to check out the VIP date.

It’s great for self-starters. We do ask that you’ve taken our Virtual Note Buying Workshop. If you have not taken that, we’ll throw that in with part of the bonus of this for you. You got to go through the basics. The last thing I want to do is be telling you what a note is on a VIP day because normally, I charge roughly right at $10,000 a day for coaching.

 

If you’re going to come in and spend a day with me by itself and you’re going to take me away from the schedule, it’s not me putting somebody else, not an assistant. This is me pouring myself into your business. It’s normally $9,997. We’re doing special pricing because we’re rolling this back out. We’re knocking $4,000 off this. It’s $5,997. You can split that up into two $3,000 payments, or you can sign up for it once. You can get signed up at NoteVIPDay.com.

If you come for the VIP Day and you love it. You’re like, “I want to take this to the next step. Let’s take our relationship to the next note level, Scott.” We’ll let you apply that $5,997 to our one-on-one coaching. We’ll talk about what’s the next level with our one-on-one coaching here. It’s eight weeks of one-on-one training with me over Zoom live, 5,000 plus asset managers, twelve hedge fund managers, a year in our mastermind membership, and a year in our WCN crew. We’ll help you with raising private capital. You get VIP access to me. We’ll do two days with me in Austin, Texas.

If you come in for the one day in the VIP, you’ll get two additional days later on. We do a 6-month, 1-day follow-up on Zoom. We’ll work with you to help you find your deal and put your business in place for you. We help you start it off. Matrice can dodge for that. We’ve helped them get rocking and rolling on that. Katherine Bell, others out there, Larry Hoffman, I could go on and on of people that we’ve helped take this plan and implement to make things rock and roll for you.

It’s a bit of investment under $20,000 for that full coaching year-long program for you. We can split up over payments and stuff like that. We also have a 24 to 36-month financing plan for you guys that you might be interested in taking a look at. Kathy asked, “How many assets are you having by portfolio?” I got a bunch.

If you want to finance your one-on-one, don’t log off. I may not qualify for this. There are some places for you to take a look at that. These are some questions to ask. Have you made $40,000-plus in the past several years? Are you at the same job for the last several years? Do you have at least a 620 FICO for you?

If your answer is yes to all three of those, you would probably have a good chance of getting approved for our third-party financing. You are going to finance the full one-on-one over 2 to 3 years if you want. Do you want to stretch it out? You can stretch it out over the 2 to 3 years payment plans. Your payments will be less than $500 a month on average. There’s no prepayment penalty. Finance this on a 36-month term and pay it off in 90 days or 120 days. There’s no prepayment penalty for you.

You can qualify for minutes. If you’re interested in that, you can go to this website bit.ly/ScottCoaching. It’s easy. It only takes a few minutes, not even a hard pull on your creates. It’s a soft pull. You’ll see if you get approved in a few minutes or a couple of hours, depending on who’s reviewing it stuff there, but they’re doing some amazing stuff, and our students are rocking and rolling.

Robert asked a question. “Once you get proficient, how long are you spending to get 4 to 10 offers a week?” Not very often, Robert. If you doubt your systems are down and you put your marketing in place in contacting asset managers, 4 to 10 offers a week are not hard. It’s a matter of you taking a little bit of time and going through it.

Offers do not mean full due diligence. Full due diligence will take a little bit longer, but there’s no reason to spend full due diligence on the front end when a big in half or 80% of your bids are going to be accepted. We show you how to get some front-end due diligence done, get some numbers, run some formulas for you, get rock and rolling on that, get those bits submitted, and come back. If they accept, you’re diving into diligence and spend a little bit more time there ordering some BPOs owning.

If you got twenty accepted, you’re probably whitlings down to 10 to 5 and going from there. It’s not difficult, 4 to 10 offers a week. There are websites you can go to look at 4 to 10 offers a week. There are service companies that are sending out tapes 4 to 10 offers a week. If you’re interested in that stuff, check it out. I’m glad to help any one of you guys take your business to the next level because you were all worth making six figures.

I know that’s one of the biggest goals the most people out there, what they’re doing and doing something they enjoy. You all love real estate note investing. I get it. You got to have a plan of action. Too many people are out there wandering around the desert. It’s a Wild Wild West, firing off at things, and they don’t have a game plan, goals, or somebody to help guide them along that path.

If you’re interested in getting guided along that path, check out the VIP Day with Scott, you can get signed up at NoteVIPDay.com. It was the link for that, or shoot me a message or email. We can jump on a call and talk about that. Ladies and gentlemen, you are all capable of closing on 24 deals over the next 24 months.

We’ve seen it happen a lot. Maybe not hundreds of times, but we’ve seen it happen plenty enough for those that are students that are serious about taking this. They follow their KPIs and plan of action. Whether they’re working full-time as a note investor or still working full-time in their job, we’ve seen people close on hundreds of deals in a year, and there’s no reason why each and every one of you can’t do that as well.

Go out, take some action, everybody. I love to talk with you. Thanks, Larry. Keep up the good work, everybody. We’ll see you guys off the top. We have a lot of fun. Trust me, people that come spend a day with me like, “I learned from a fire hydrant all day long, but your business is rock and roll and taking things to the next level. Get signed up, guys. We’re running that 50% special off of the Virtual Note Buying Workshop.

 

Important Links

• YouTube – We Close Notes
• The Note Closers Show Podcast
• The Note Camp Live Podcast
• Virtual Note Buying Workshop
• NoteBuyingForDummies.com
• BankRate.com
• VIP Day with Scott
• NoteVIPDay.com
• bit.ly/ScottCoaching

 

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