For companies going for a more efficient scaling route, they go into joint ventures. This allows them to combine assets and operations as they share the risks as well gaining access to the skills and capabilities of each JV partner. Walter Wofford explains why it is harder to go bankrupt in joint venture IRA investing because of the opportunities each one brings to other. He shares that as a real estate investor, you are both … Read More
EP NC 03 – Protecting Yourself Using a Corporate Veil with Aaron Young from Laughlin & Associates
You could get in trouble and even go to prison for something that you “should have known.” Aaron Scott Young went to prison for this and that made him realize the importance of what he does at Laughlin & Associates to make sure you know what the rules are and follow them strictly so you don’t find yourself in a law suit, or worse, prison cell. Once you know the rules, you know the risks … Read More
EP NC 02 – Bulletproof Your Due Diligence with Alex Goldovsky
Running your numbers at the front end is critical for note investors, because the industry is all about numbers that will let you learn how to better scale and grow your business. For a better scaleability, Alex Goldovsky of ProTitleUSA helps you bulletproof your due diligence and help you spend time on buying one good loan and move on to the next deal. He has the ability to analyze and present data that tells note … Read More
EP NC 01 – What Is Note CAMP?
Many people may wonder what Note CAMP is. The best way to describe it is what it isn’t. First of all, it isn’t a pitch fest. Also, it isn’t solely focused on Scott Carson or We Close Notes. Note CAMP is focused on forming principles, content, actions, marketing, and profit-generating nuggets for those that attend the camp. A great line up is coming up as keynote speakers who are subject matter experts in their own … Read More
EP NNA 11 – Building Your Note Business Plan
We’re all real estate investors of some sort, whether you’ve done a thousand deals or are looking to get started. Note investors are a big percentage of who we deal with, and building your note business plan is one of the most important things you can do. We all start somewhere and a lot of people don’t have any type of business background, and that’s why it’s even more important to have a business plan. … Read More
EP 271 – Re-Performing Notes: The Good, The Bad, And The Ugly
Jennifer Dagenhart, VP of portfolio management at We Close Notes, discusses some fun and exciting case studies they did on re-performing notes and their due diligence. Jennifer manages a huge chunk of the portfolio, especially on the stuff they bought in the last year, and they usually get about 70% of them re-performing with the borrowers. If you’re not an investor and don’t understand what it is you’re selling, you’re really just a joker broker … Read More
EP 270 – Notes On Fire with Neil Clasen
Portland firefighter, Neil Clasen, has been real estate investor selling off rentals for the last fifteen years. However, he wanted to look for cash flow rather than long-term deals so he sold off his business and got into notes. He said he likes helping people and the note business cash flow gives him the opportunity to make some money and also to help people who are willing to work with him. He talks about that … Read More
EP NNA 10 – Loan Servicing And Asset Management with Shante Duffy of Madison Management
No portfolio is too big or too small. That’s Madison Management’s company statement. Office Manager Shante Duffy talks about the services their company offers. They primarily handle loan servicing and asset management. They understand that as a note investor, you have to start with one note, test the waters, see how it goes, and move up from there. What separates them from other servicers is that they want to sit and take the time to … Read More
EP 269 – Social Media Survey: The Numbers Tell Your Story
If you have been in the note closing industry, you know that it is a number’s game. In the last 30 days, how many individual posts have you done on Facebook, Instagram, LinkedIn and Pinterest? How many videos have you published in YouTube, Vimeo and Facebook? All the numbers that you get from these questions will immediately tell you how well are you doing with your business. Long-term success is built with daily increments that … Read More
EP 268 – Note Camp Recap
Note Camp Provides education for people about the note closing industry. It also helps a lot with planning how we can help investors for the next six months. We want to see attendees doing more marketing, not just during the event, but going forward for their own businesses. Note Camp teaches note closers to step out of their comfort zone and share their strengths and weaknesses, how they find their deals and how many can … Read More
EP 267 – Do You Send Emails To Your Database?
Even with social media dictating the pace of how people are messaging each other these days, people still read their emails because it is still the best way to communicate to people from a business standpoint. Your database is your number one tool for marketing if you’re a real estate investor or entrepreneur and sending out emails consistently to your database is the key to success of closing deals and winning. You don’t have to … Read More
EP 266 – Using The Marketing Tools of Starbucks Coffee
Starbucks Coffee has 8,000 branches all over the world, making it an interesting case study for marketing. Having nine people run their social media generates $22M of company revenue for 300,000 plus employees and they are using the same Instagram and Facebook app that you use to attain this huge amount of marketing. It doesn’t matter if you are a solopreneur or a startup investor, you are going to start the same way they did, … Read More