Note Night in America
Each Monday night, real estate investors from all across the United States and world are tuning into Note Night in America! For the last three years, Scott Carson, CEO of WeCloseNotes.com, and his tribe of note and real estate investors come together almost every Monday night for coaching and guest interviews. Scott helps his nation of note investors with specific subjects taking place in their real estate businesses like marketing, workouts, raising capital and finding deals. Since 2010, Scott has been helping investors close on thousands of real estate deals and has helped to coach and mentor the Who’s Who in the niche world of notes. Listen each week to his latest Monday night webinars to get the latest tips and tricks on making six figures and beyond in the world of distressed debt.
Buying an asset cheap and getting a higher return is one of the many ways to simply understand buying notes. But there is another process that is involved and slow but with much lower pressure. 11-year real estate investor and 5-year note closer, Bob Malecki is helping newbie note investors understand that a lot of money can be made along the sidelines of this business as long as they do it slow and with integrity.
Paige Panzarello used her time wisely when she lost 20 million dollars by surrounding herself with people who could help her get back up. And instead of painting the experience as a failure, Paige saw it as a blessing because it shaped her as an investor who got a solid foundation to move forward. Learn more of how the Cash Flow Chick makes money while she helps people with distressed mortgages stay in their homes.
The biggest opportunity for any investor right now is building their social media brand. Doing things virtually can eliminate wasted time making phone calls and driving all over the area to close deals. Hiring VAs who can do all the work that can be done using a phone and computer speeds things up. And when this is done, the best step would be to understand the psychology of a buyer. Connor Steinbrook understands why rehabbers pay the least,
For a note investor to get 50 deals and make 50 offers, they need to have an idea of their due diligence right up front. The thing is, due diligence is one of the processes that takes a good chunk of time for a note investor. But JD Bates created the software NoteProz to help them save time doing due diligence with just a click of a button. This speed-up in the process is a
Going out to do what you need to do for your business and being yourself while doing it is one of the keys to stay motivated to achieve your goals. One other key is to step away from work for a while and just absorb the knowledge and experiences you’ve been getting. And even at this point, continual learning will still prove very useful for note investors whether they struggling to close deals or not.
When investors are buying a note in certain states, it is a relief to know that there are licensed service providers on the loans for that note. But most investors don’t have the knowledge to contact borrowers the right and legal way. What Shante Duffy at Madison Management does is ask for instructions and let investors make the decisions for themselves. And with these instructions, they do all the legwork and keeping all the information
Buying notes has an appeal to most people because it gives them a chance to get a touch of the real estate business. Scott Carson understands this very well so his goal for 2018 is to help 10,000 note investors in five years through virtual workshops and live events. One way to do this is through Banking Blitzkrieg where investors will make phone calls and shout outs to asset managers as well as reaching out
A big network means access to more deals that will then translate to more money. Building a network is similar to a banana where investors are divided into those who are going for the pieces of banana and those are going for the tree. The tree is what investors should work on if they are thinking about investment. Note buying doesn’t need a lot of expensive marketing to help profit lines grow, because this is
When real estate entrepreneurs need to understand their opportunity gaps, crowdfunding expert Jillian Sidoti tells them it’s time to take things to the next level by pooling in people. Crowdfunding raises capital because they reach an accredited investor audience as well as get to be surrounded by like-minded people. Learn how to sell successful business models to keep making money instead of just selling deals. Listen to the podcast here: Crowdfunding Raises Capital with Jillian
Houston is a huge town with a lot of investors, but finding the few interested in buying notes is a challenge. Since it has become a niche in that area, Donovan Lucio, a relatively new note investor, focused more on the quality of deals rather than the quantity. By doing joint venture note closing, Donovan closed his first four deals with one property picking up $40,000 in a low value area. He was able to
One of the best deals in real estate is buying a condo because it is practically buying one deal that will then lead to having access to other potential deals. Jamie Harrington has been in mortgage banking for 15 years but is also a big fan of closing notes and her first note was buying a condo. Her best tip is to talk to the property owner first about their intent and attitude so that
Having a rental business have its rewarding aspects with its passive income, but always having turn-over tenants can make it tedious. Pari Thiagasundaram experienced the same thing and wanted to make a rental business exit but still stay in the real estate. As a network engineer, he still needs to put in 40 hours a week in work, so dealing with his landlord duties just didn’t seem productive to him. With the Note Closers crew,