Let’s be honest; doing due diligence can be quite a task. Nonetheless, it has to not only be done but done correctly. What if you could find a tool that will help you do that in seconds? Good thing you are tuning into his episode of Note Night in America because Scott Carson talks with the founder of NoteProz, JD Bates. Together, they discuss how JD’s software has evolved and saved hundreds of hours and due diligence costs with all of the tool’s advancements. They break down how you can use it to track your JV partners’ deals and property valuations, find realtors and provide updates. NoteProz has truly become an amazing CRM tool for all of your real estate due diligence needs. Catch the great benefits it offers and how it could save your real estate investment woes in this great conversation.

While you are here, you can get 20% off of your lifetime access by signing up at http://NoteProz.com and using the code WCN20%.

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Watch the episode here

Listen to the podcast here

How To Systematize Your Real Estate Investment Due Diligence In Seconds With NoteProz.com Founder, JD Bates

We are honored to have you join us here. We’ve got a lot of great stuff to cover with you. You’re going to take some great notes. I guarantee it if you take action or you’re buying real estate deals, whether it’s notes or physical properties, our show is going to have an immediate impact on your bottom line by saving your time. It will also save you a ton of money and help you make a lot more deals.

I’m honored to have you here on Note Night in America. If it’s your first time joining us, kudos to joining us here. I’m glad to have you. I’m glad to have you all join us from all across the country. We have a variety of real estate investors, seasoned, brand new, people new to note investing. We’ve got flavors of all types join us here. You can always catch the replays by going to We Close Notes. That is our YouTube channel. You can catch a ton of videos on there, not only for Note Night in America in the playlist but also our podcast is out there as well. Make sure you hit the subscribe button while you’re there so you’re alerted all the videos that we have available that we upload there.

Note Night in America is a podcast. We do take these episodes and upload them regularly to all of your favorite podcasting platforms. You can always follow Note Night in America on there. You can always follow our 50-megawatt blowtorch of The Note Closures Show as well. I have a big kudos to all of you guys that follow those shows. Thank you so much. We surpassed the 1 million download mark for podcasting in over a few years. Thank you to everybody who helped make that possible, those that followed. It was a big goal I started off for that and thought it would take a long time to get there. I’m surprised that we got there fast. Thank you so much. One million downloads as a podcaster. We’ve got over 30 million-plus followers across our nationwide syndicated radio network.

For those of you guys that went through our virtual note buying workshop, we do have our four-week coaching not quite coming to a close but getting close. Stay tuned. Join in. If you’ve missed it, we’ve shared the replays for those as well. We have our next one day note training. Go to NoteWeekend.com and signed up there for $49 and learn a CliffNotes version of note investing. If you’re brand new to the paper game, it’s a great place for you to dip your toes in the water and see if notes are a feel for you and if it’s something you want to dive in headfirst. A lot of our students call it the CliffNotes version of note investing because we cover a lot there in eight hours. I’m glad to have you there.

We have one more virtual note buying workshop, one more of our three-day virtual workshop. You can find out which banks and borrowers are naughty or nice. It is going to be interesting based on the phone calls that we’re having and the conversations and the LinkedIn connections. I’m getting a lot of conversations with banks on their portfolio. You can get signed up that NoteBuyingForDummies.com. If you want to gift it to somebody, let me know. We also have gift certificates available. If you want to gift the gift of note investment to somebody, we’ve got gift certificates available for you. We’ve got a cool discount we’re doing on that. Reach out to me at Scott@WeCloseNotes.com and we’ll talk to you about what the gift certificates are if you want to give it to some of your friends or families or other investors out there.

Our topic is all about systematizing your due diligence in seconds. Many of us, and I speak from experience, if you’re brand new, it can be overwhelming. You got to tape in. You’re like, “How am I going to be able to do due diligence on this?” You’re hunting and pecking going back and forth from Zillow to Trulia to Eppraisal, jumping on the county records. You’re jumping on NETROnline. You’re jumping all over the place trying to find a realtor pull comps for you. We’re trying to figure out rent rates, what the value is square footage. It can take a ton of time if you don’t know where to look. It can take you hours and hours to break down a spreadsheet if you’re not smart about it. How do I know this? I did that for years.

I had a whole team. I hired two people in my office, “Here you go. Here’s how we do due diligence on the front end and here’s how we got down.” A guy said, “God opened up to heavens. Scott, we’re here to help you.” I’m honored to have this guy. You may have seen him in my previous workshops. We’ve had this guy on a couple of our webinars before. We’ve had him on our virtual workshop before. You’ve seen him at Note Camp or virtual buying workshop in the past. He was on and he has made some amazing updates to his amazing software that is saving people thousands of dollars on due diligence and saving hours.

For those of you guys out there working a full-time job, it’s hard to take away time out of your 40-hour workweek and then your family to spend 2, 3, 4 hours breaking down a tape. I’m excited because our special guest here is going to save you a ton of time and some cool things. He’s updated his software. We’re honored to have the man, the myth, the legend, Mr. JD Bates join us. What’s going on, JD? How are you doing?

Thank you for having me here, Scott. It’s awesome to always be here and be able to share all this work that we have done, which is specifically for you and everybody that is reading and everybody who is in the real estate business. I’m excited to be here.

You approached me a couple of years ago and said, “I’m working on this software with no investors.” I was like, “Great. This works.” I was blown away because you went through some new things and I was like, “I’ve got to have you on The Note Night in America.” I got a big kudos to you, too. I know you’re feeling a little bit under the weather, but you’re like, “I’m going to deliver to The Note family.” Let’s start with the basics, JD, and go from there.

For those of you that don’t know me or don’t know what is NoteProz or how we started, it’s good for those who are new. Our goal is we wanted to build an all-in-one automation platform for note professionals. Let’s talk about me for a second.

Feel free to talk about yourself. It’s quite alright, JD. You should talk about yourself because you do an amazing job.

Let’s indulge the ego for a second. For you guys to get to know me a little bit better, I’m from beautiful Costa Rica. I’m living all the way down south in Argentina. I’m young. I have been working in management positions since I was 23. I have several years of experience doing corporate jobs, management jobs and everything else. I have always been excited about innovation, creating things. I left the last job that I had. I wanted to start off something for myself. I started this company called FiveSigma Technologies. We have people all around the world. We do business-to-business services. We have corporate clients and everything else. What we like to do is business-to-customer products.

We get involved with an industry, with a niche. We start seeing opportunities to create tools to improve the business processes for our clients. This is how NoteProz was born. We started working with note investors a couple of years ago. It’s one of our oldest. We started with this little tool and it has grown to be a big monster. We identify the problem, which was how to help our clients with some of the issues that they had with due diligence. When we started with note investing, we started doing websites. We started doing some general support. We started, like Scott did, hire people to do due diligence. We had dedicated teams of virtual assistants trying to help with due diligence with some of our clients. That’s when it came to the opportunity.

There was an issue with due diligence, asset management or note investment, in real estate investment in general. Our solution was to create a piece of software for that. The idea is for us to be able to provide the speed on that app for half the price and half the time. We have helped dozens of dozens of people achieving these goals. Our approach is to provide due diligence in bulks. It’s not only due diligence on 1 or 2 assets. You have a tape so you usually get 50, 60, 100. What we provide is the speed to do all the due diligence in all of those assets in a matter of minutes. That’s the first approach.

Our second approach is for us to provide accurate property reports on demand. Once you have gone through this first due diligence, you sort through what are some of the assets that you like on that tape. You have to get some more details on those specific addresses of the properties. We created a solution for that. We wanted to create some business intelligence to generate comprehensive data from your investment portfolio. Once you have that asset on the portfolio, how are you managing it? A lot of people are still doing it that old school way, which works. Here, we’re going to present to you some of new school, some cool ways to do it.

The whole idea for this is to create a digital nervous system. The due diligence, from our experience, when you do due diligence, you get a big tape and each point as you should. It usually takes a day and a half to do it. It’s crazy and frantic. That time is going to be reduced by almost 80%, where you can do your due diligence in 10 or 15 minutes. The amount of money that you’re going to save on report for those assets that you want to get more data on, it’s about $5,000 a year. People have asked how do we get these numbers. You have to go to the competition once you see what our platform offers. You then have to go to some other companies that offer the same and compare the pricing plans and everything else and that’s how we got it.

The biggest thing I want to throw out here, JD, is you’re right about the day and a half. If you’re trying to break down a portfolio of 100 assets and hunt and pecking, it takes time to jump back and forth. The same thing if you want to hire a service like we’ve all done in the past, they’re charging $4 to $8 per line item. If you’re looking at 100 assets, that can be $800 easy without breaking down other things as well there and then waiting 24 to 48 to 72 to 96 hours to get stuff back because they’re waiting on their VAs to do it a lot of times as well, too.

It was done before or how it’s usually done, which is manually. The third point here is to improve your ROI once you get the assets on your portfolio. We wanted to help you do all the heavy lifting while you focus on your goals, which is growing your business and make more money while we provide everything on how to perform better. Performance enhancing. Let’s go and check out the first module, which is the speed module, which what I call the due diligence module.

The website is NoteProz.com. Inside NoteProz, we have three modules, the property data scraper, the property reports and the asset manager. The first one that we’re going to check out is the property data scraper. We have a sample tape. You usually get a tape like this. You got a bunch of data here and a bunch of assets that you have to do your homework on. We created something simple, which is to copy and paste. You copy and paste the address, city, and state. Do not use the same codes, because it won’t generate the data. It doesn’t work like that.

 

We’re offering a bunch of columns of data of all the assets that we entered. We’re going to see property data like bedrooms, bathrooms, finished square footage, high value, and low value, when it was last sold, the last sold price, tax assessment, tax assessment year, the type of house, and the year built, lot square footage and the rental value. We then created some Google Maps integrations where you can see where the property is. This is always important. These are things that you guys always look into. Where’s the property located? This is the idea. If you’re in luck, you can check out the property on this street. We did Google integration there. Also, we created a Realtor integration. If you have no idea how to get realtors in the area, this is the way to do it.

This is the new data that we’re adding into the scraper. Our latest column on the live server or on the live site is Realtors. After Realtors, we’re adding more city-data. We’re adding which county this is in. What is the population of this county? Poverty statistics. Housing, the occupancy status, vacancy status, and tenure. The employment, business organizations in the area. Job creation. Job creation rate. Job destruction. Job destruction rate.

The first part is for you to get that on the property. The second part is for you to be able to get data on the market. Where is this property located? Is it in a small town or a big town? Is it high poverty or not, which is the house occupancy status and everything else? The latest additions that we’re adding into scraper is going to give you a better idea of what is this. Where is it located? It’s hard for you guys to get anywhere online. We did this. It’s not easy to get all this data even if you go manually to search it. We were able to pull this off. You might be able to get a full view of what are the assets in not only the property details but also their location, their town, the population, and everything else.

This is what we’re almost about to finish. Also, we’re going to be adding some actual realtors that handle investors. We’re going to be adding a list of realtors that deal only with investors because not all realtors know how to match investors. We’re adding a bunch of new things on the scraper. Speed is most important than most people think, why? First come, first serve usually. If you’re able to put in a bid before anybody else and that other investor is taking the usual time, 2 or 3 days, to put in their bid, they might miss that opportunity. You put your bid in first on a property with a much better and thought out offer and then you’re going to be able to get that deal on top of your competition.

One thing I want to throw in there, JD, somebody asked a question, “Why Zillow?” The reason for that, this is meant to be your upfront due diligence. You’re still going to want to reach out to a realtor after your bid is approved. The whole idea here is to get a lot of upfront due diligence on the front end so you can make quick bids out. You could sit there and go look at other websites you want, but this is all in one site. We all know if the seller provides their BPO, that’s a harder fat number than an online valuation. This is meant to be online upfront due diligence and helping you speed up and being able to separate things out. You’re still going to put eyeballs on every asset here before you close and you may want to fade your bid. This is taking a look at it there because it’s going to be the easiest to scrape and pulling everything else to make it all in one spot.

Let me add to that. I know that I need to add another column for value. That’s another feature that we will add in the future, at least 1 or 2 more value comparisons for the properties.

That sounds good. Kenneth Wiley, I don’t have a clue on what you’re asking, “What is the sum of all deals by market location relative to each deal situation?” You can reach out to me afterward and clarify. Keep your questions relevant to what JD is going through so we stay on track.

The idea of the scraper is to be able to hit the sweet spot between people that were taking 72 hours to get back on some data from their virtual assistants. Compared to some other companies that are way too expensive. Some companies are going to charge you $4 or $5 per line. You have to get in bed with them for a year or a couple of years for a couple of thousand dollars like $5,000 or $6,000 a year plus each report or each asset that you want to do your due diligence on. Our opportunity was that. There are some companies that will use some data for the due diligence and some other ones that are expensive. We want to hit that sweet spot and we believe we have achieved that.

This is the first step of due diligence. For example, this asset does meet your investment criteria. You do want to get some more info on this property because it seems that this is a good asset for you to be on. We added some more property reports for you to get detailed data on the assets that you’re interested in. We added ten reports here. We added property detail data, detailed reports, total view reports, transaction history, lien reports, title chain and liens, sales comparables, tax status, foreclosures and document images.

Let’s go through the samples for each report. Property detail reports will give you some detailed information. That’s what it’s called, the report. You will get location information, APN numbers, is it occupied or not, the occupancy status, the last transfer and conveyance, the last market sale, prior sales information, property characteristics, site information and tax information? This is a quick overview of the property. The most interesting report is the total view report. The total view report gives you an overview of all the other ones. It gives you a transaction history. It gives you an open lien. It gives you the title and chain lien report, sales comparable, taxes and everything else.

The total view report will give you a value range. It will give you a property description, last market sale, if there are any active foreclosures or not, if it is listed or not, association information, open liens, involuntary liens, prior loan history, transfer, and conveyances, ownership history, assessment details, and listing history. There are some sales comparables in here. This report is a comprehensive report of all these ones. They go a little bit deeper.

If you want to get some detailed transaction history of the report, you can generate the transaction history report and you can see the prior owner, the history, the liens and conveyances, and everything else. This one is way more detailed for the transaction history. There are open liens and positions, last market transfers, tax information, and then prior years taxes and assessment details. Title chain and lien, this one is important not only note investors but real estate investors in general. It will give you all the detailed transactions from who to who with a document image and document numbers and all the statuses of the transfers.

Sales comparable is the same. It will give you more comparables than the total view report. Tax status is also a good one. We updated this one because this one is updated by cycles. We got, by the provider, some updated tax status reports that are updated more frequently. That one is also something that we’ll be adding soon. There are foreclosure reports, you can pull those here. Last but not least, the document images where you can pull the latest transfers and the latest finance reports. This is the due diligence module, that’s what I call it.

We got a question for you, JD. David asked, “Will I still need a title report if I order a total view report?”

Not necessarily. It will show you the title. The total view report is a crunched-in report of all of the other ones. You can come here. That’s why we added the samples. If there’s something that you’re looking for specifically, you can go report our report and see what is the data on each report. You can go in there and check out how the reports look. If you see that the title report is the one that you need, other than the total view, then you can go ahead and generate that. You’re able to see what you get before you get it.

That’s the due diligence module so now we’re going to go to the Asset Manager Module, which I call the Digital Nervous System because you’re going to get a lot of more data on your assets. I like this quote from Bill Gates because I read the book and this inspired me to create what we’re doing here. It says, “Winners will be the ones that will develop the world-class digital nervous system so information can easily grow to their companies for maximum constant learning.” Let’s go ahead and check that out. Also, you don’t have to pull a scraper or scrape for you to get the reports. You can go here to the reports page. You can go ahead and get any reports that you guys want.

Go to the Asset Manager. The Asset Manager is an independent module so you can create accounts for different LLC or entities. It’s totally independent from the scraper and everything else. If you want to sign up for the Due Diligence module, you can, and if you only want to sign up for the Asset Manager, you can. What is the Asset Manager? The Asset Manager is going to help you get an overview and better data of your investment portfolio. It’s easy to input all the information about your investment portfolio here. You enter investor information, JV’s information, and asset information. After you enter all this information in the admin or once you create it and you input all this information on the financial section, it’s going to start generating a bunch of reports here.

Also, it’s going to populate this dashboard here. It’s going to show you the investor investment, the total invested, the profits, the ROI, the total ROI, annualized ROI, and how many active and close notes you have. It’s also going to show you here on the map where your assets are and a good history chart of the history of your account. What is the value of your accounts, the investment, the interest, income, etc.? Let’s go quickly through this. You can give access to your team. If you have somebody like a portfolio manager or a virtual assistant that is helping you manage your portfolio, you can create an account for them and give them access to the platform. You’re the manager admin.

Manage Investors is where you create your investment profiles and the good thing about not only creating the investor profiles to get investor information in the platform is you can create a user and password for them. On the same page that we logged in, they can log into and they will be able to see all the data related to your portfolio but only the ones related to them.

I wanted to show you guys something here. All the general information is here and you add a password. You can also save their bank information, how they’re going to get paid, and everything else so you don’t have to be scrambling where the investor information is at. Everything can be processed and centralized in the Asset Manager. You can also upload lender documents and closing statements. Does the investor want to get paid by check or not? If there are any notes, you can save that here. We also added a qualified section if the investor comes from an IRA or 401(k) account, we can put those here.

 

If you go to Manage Investors, you will see a list of all the investors, how much money they have given to you for investing and everything else. Here in Manage JVs. It’s where you create JVs. On this page, you’re going to see how many active notes are in each JV if it is active, deleted, closed JV, or does not exist anymore, the total amount of loans, the date, how much profit and ROI has that JV generated. You can edit and delete the JV here at any time that you guys want.

Here in Manage Assets is where you input all your asset information. For you guys that have already an inexistent assets list, we created a bulk upload template. It still takes a little bit of time to upload, but it’s faster than doing it one by one. You will be able to add asset documents or any documents related to that asset. You can upload them and they will be on the platform. That’s where you can get them. You don’t have to be scrambling around to get information from other places. For the purchase amounts, the expenses, revenue, profit, and ROI, you will be able to get a quick view here on the Manage Assets.

Let’s go to the financial section here. After you have created an Investor JVs, the assets in the financial section is where you input financial information into each one of those. With the investor cash accounts, in this section, you’re going to see a list of your investments. Here is where you create the financial movements. You can choose a date, select an investor, because the first investor has to be added to the platform in order to do this, the amount, and you can select the transaction type. Is a principal withdrawal, deposit, interest on payment? Enter a demo and enter the transaction and that is going to be reflected immediately on the investor reports, JV reports, assets, cashflow and everything else.

On the Assets in Connect Expense, this is where all the assets and financial movements will be recorded. You will see a list of the assets or of the assets. If you click here on create, you select the notes, the JV ID will automatically load. You have a transaction type. Is it an income, expense, an asset, or reserve, date, name, amount, general ledger, we added some default one, but you can add your own, and insert a section and it’s going to be reflected on all of the reports on here?

On the general ledger, we added the bulk ones, but you can go ahead and add your own. Give it a name and off you go. Let’s go to the quarter section of the platform here, which will be the reports. The investor reports, you will see here I list of investors, how many JV groups there are in, the assets amount on the profit, the ROI, but if you click on statements, this is the dashboard that the investors will see when they log in. You will give them a password and you will use their email.

You can tell them, “Whenever you want to check out your account with me, log into NoteProz and you will be able to see the status of your reports, of your investments with me.” A lot of people still do or only do monthly or quarterly reports to the investors with an Excel file and everything else, which is fine. If you’re able to give them that extra amount of confidence, the technology and automation of how you handle your portfolio and your business it’s going to give you a ton of more credibility. I don’t normally. It’s going to give a lot of credibility as an investor. That was the idea with this one. We wanted to create access for investors to see their numbers with you. When you’re creating an investor, you can upload closing statements and investor documents that can be found here. Let’s go to the JV reports.

I’ve got a couple of questions for you before you move on to that, JD. David asked, “Will AVR be cheaper than NoteProz Reports?” I’m not sure. It depends on what you’re paying for an AVR Automated Valuation Model. It’s what your AVM you mean versus R.

It depends. A lot of people, for example, an AVR, they can get it on a sales comparable. It’s different because I don’t offer AVRs. A lot of people and users have asked me if they can use the service comparable as an AVR. It’s up to you. You can go into the platform and see what each report offers. You can also see the pricing here for each of these reports, which we’ll touch later on to know how much each report is. It depends on how much you are paying for those.

We’ve got a question here. Wayne asked, “How is this connected to service provider data? Do I manually add each month?” You’re still going to need to upload your service data but usually, you get a download and upload and map the fields across, right, JD?

That’s right. You can bulk upload CSV. This is still a manual base and this is not the first time that I hear this. I’m going to create an online form or something easier to connect the service data to NoteProz. I have to figure that out. This is not the first time I hear it so this is something that is going through my head as an added service. Maybe we can add like a done for you service where you send us the information, we populate it and manage the asset manager for you. It is something good.

On the JV reports, you can see your reports here as a little list. Amount loans and percentage loans because you can also upload your investment in here. There’s a little trick here to do that. For example, here, I did some tests. I own these deals. I’m not doing a JV with anybody else so there’s a way for you to do that on the platform. Revenue, profit, ROI, etc. and a nice little graphic in here so you can get a visual of your JV distributions. On the asset reports here, it’s the list of your reports, the address the documents associated with that asset, the amount loan, the percentage owned, the revenue, the expenses, the profit and ROI. If it was sold, when did you sell it, representative of commissions and fees, if any? You can put all of those in here.

Last but not least, the cashflow reports, this is probably the most important report for a lot of you, where you can create a cashflow report per investor, per asset between dates or by income expense, asset or reserve. You can go ahead and export this on a CSV, but also you can go ahead and export this on a QuickBooks export. A lot of people use QuickBooks for their financials so this QuickBooks export is friendly with QuickBooks. We did that so all you have to do is download this, upload it to your QuickBooks and you’re good to go. That’s basically it on the platform. That’s what we do.

I forgot to mention that this is a white label-ish solution. Once you get into the asset manager, you get into the paid version, you can go ahead and upload your own logo so it’s only going to say NoteProz here under the main URL. You can upload your company logo here so it’s a pretty white label solution in there. There’s going to be a little bit more credibility with investors and everything else. That is it for the platform. We created this platform with our experience in dealing with note investors.

We started doing some services and now we have an asset manager that gets super detailed due diligence tools and everything else. We’re still doing what we did at the beginning. What we did in the beginning was web presence, websites, all of these things for you, social media postings, and everything else. We still offer those things to you so you can go ahead and check out NoteProz.com/packages for some of the bundles that we offer.

We offer bundles where you can get access to NoteProz Premium. We’ll do your website, your social media postings, do some advanced analytics in your websites and stuff and try to help you with your conversion rate. You go to a network meeting, a conference, or something else, we’ll give out your card when people check their site. We were going to help you to convert those visitors and try to capture that information somehow or at least give you good career credibility once they started checking out your website, your social media profiles, business accounts and everything else.

All of these things, guys are things that are essential. If you don’t have a good social media or a professional web presence that says a lot about you. A lot of people still don’t care much about that but it is important. That’s how we started helping you guys. We’re still doing that and now you guys can check that on NoteProz.com/packages. What does all of this mean to you guys? It means the price is what you pay about what you get like Warren Buffett says here. Let’s go over that.

How much is it? The NoteProz Basic you can get it for $1 for a trial. The NoteProz Basic is the Due Diligence Module, which is the scraper that we did, and the reports. The reports have some added value. Those are on-demand reports because we don’t have all this information on our database. We have to go through vendors and some other companies to get them so there’s an extra cost for that, but it’s not too much. It’s $1 to get in and three days later, $27 a month. If you don’t like it, you can use it for 1 or 2 days. If you don’t like it, you can cancel it. It’s only going to cost you $1.

The asset manager that we went over, we have a premium version. If you have five assets or less, you can use it for free forever. The premium version is five assets and you won’t be able to give access to your investors or anything else. If you have more than five assets and want to get access to your investors and put your logo there and everything, it’s $27 a month as well. If you want to get both at the same time, the basic and the asset manager, you can get NoteProz Premium, which is $49 a month. We have the bundles, which is your website and social media stuff for $150 or$ 299 a month.

Let’s go over the property and reporting costs. The reports are $5. The total view is $5 or $12. Transaction History is $12. An open lien is $15. The title chain or lien is a little bit more costly. That one is $40. Sales Comparables is $10. The tax status is $10. Foreclosure Reports is $10 and document images is $10. The whole idea for this is to improve your investor experience, communication, expedite your due diligence, improve your online presence, and cost efficiency so you can focus on driving growth on your business.

We believe the cost of the value that we’re offering is going to help anybody who’s starting up into the real estate or note business to be able to automate the processes and be able to see more growth more quickly as if you were doing it by hand than starting out and you have a day job and everything else. We’re going to make your life a lot easier, and help you grow a lot faster. That’s basically it. The pricing was $27 a month and $49 for the premium and everything else, but I wanted to give you guys a nice promo code, which is 20% discount. If you use the code, WE CLOSE NOTES 20% or WCM 20% you will get 20% off on everything. Not only the subscriptions to the NoteProz Basic and the asset manager but also the reports so you get 20% off everything.

Drum roll on how long that discount on everything is?

 

This is going to be forever so I don’t know. Promo codes are not forever so we’ll leave it up there, but once you sign up, you’ll get it forever.

I know it’s a lot of information, but this little baby started with a little scraper and became this little monster here, which we’re pretty proud of.

That’s a big reason why I want to have you here. From David, “Is the scraper data in real-time?” It’s on whatever website that they’re pulling from David is updated too. You’re still going to have to pull numbers at the end. You’re still going to have a realtor pull accounts for you before you close. This is on the front end to help you speed up your offering versus a lot of people that have overanalyze paralysis. It’s taking that away and helping you identify some things. Choosing the reports that you want to if you want to pull the reports to take a look at seeing what’s out there for you to save you some time.

The idea of this is to reduce if not eliminate a lot of your front-end due diligence costs so you can make a lot more offers a whole lot faster in closing a whole lot more deals. This works with all real estate. If you got a property, it doesn’t have to be a note portfolio. It’s also all types of real estate, rental portfolio, and REOs. If you’re looking at buying a portfolio for somebody else, a one-off as well there to run some due diligence for you. It’s not on the notes and a lot of people forget about that. It’s something to think about.

If you’re coming out from regular real estate investing, this is still useful and that’s one of the things that we’re trying to make the leap to. We want to be able to make the leap from the note space because it does have some usability outside the note space like real estate. If you’re into real estate, this is still useful for you.

 It’s NoteProz.com. If you use a discount code, WCN 20%, it’ll end up knocking 20% off for you. Somebody asked a question about the websites. If they’ve got a previous website with SixSigma, is there an additional charge to go and update that from their previous website?

No, maybe not. It depends on the previous website. If it was one of the old websites that we did for notes and you wanted an upgrade, it will be a lot cheaper than if we started from fresh.

It’ll be a price for upgrading depending on what it is. Here’s a question, “Will the website redesign apply to previously prepared designs by FiveSigma?” Deb, reach out to JD. We all know that there are different platforms for stuff like that so there’ll be a cost. If you get most of your stuff over there it might be an easy upgrade, but it’s all going to be dependent on the website and how old it is, right, JD?

Yeah. Contact me at JD@NoteProz.com because it depends on each specific case. Shoot me an email at JD@NoteProz.com and we can chat a little bit or we can do a call. Not only a website or anything else so if you have a question about the platform or anything or how’s the weather or something, let me know.

Tony asks a question, “Does NoteProz have VA training modules?” They want to train your VA to be able to do due diligence.

We’ll do it. We’ll go ahead and train your VAs and everything else. If you’re a user of the platform, I don’t care if it is you or your VA. I will help you learn how to use that.

I’m going to throw in my opinion on that, Tony, is you’re getting a lot of information here. You should still go through a couple of tapes and record how you want to view the due diligence more than anything else. What are the states you’re looking at? You have to train your VAs to see exactly what you’re looking for. That’s the one thing. JD will make videos on how to use NoteProz, but you’re ultimately still going to make those decisions and clarifications of their VA, “Here’s what we get rid of. Here are the states we don’t buy in. Here are the red flags we want to look for.”

Those are important things to keep in mind that you have to share yourself. No module, no system is going to work as good as until you sit down and go through a little bit and if you’re going to train a VA, I only speak from the voice of experience here. You still have to share with the VA the red flags, the good, the pros and cons of what you’re looking at. It all depends on the spreadsheet too because we know they all can change and vary depending on what’s coming out.

It depends on your investment criteria too because for some people it might be good for one thing and for other people, they don’t care about some of the data. We present you the data available and you are the one that chooses how to interpret that data or how to strategize with that data.

JD, thank you so much for coming on Note Night in America here and sharing stuff. I get excited about big Reese Meyer is a big fan. He says, “Great customer service. You guys always answer questions.” I’m always glad to help out there. Laura Blanca has mentioned that as well too. Is she on here? Yes, Laura used NoteProz quite a bit too in the past. I’m a big fan. I love what you’re doing. You’re always editing, always updating the software, and kudos to all the things you’re adding on there to be a one-stop-shop for everybody.

Thank you, guys. Let me know if you have any questions and I’ll be glad to get in touch with any of you.

JD, take care.

Have a good one, Scott.

That’s going to wrap it up for Note Night in American night. Go to NoteProz.com. Use the code WCN 20% to knock off your lifetime 20% off the service. It’s saving your money off on your due diligence on the front end. Saving some time and saving money. You’ve got to go out, make more offers, and find the deals. Go take action and we’ll see you all at the top, everybody.

 

Important Links

• We Close Notes – YouTube
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• Scott@WeCloseNotes.com
• Zillow
• Trulia
• Eppraisal
• NETROnline
• NoteProz
• FiveSigma
• NoteProz.com/packages

 

 

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