Uncovering Multifamily Syndication Fraud with Barry Minkow

The Note Closers Show Podcast

Watch the original VIDEO HERE!

46:55

The War and Treaty’s Michael and Tanya Trotter grew up in Cleveland, Ohio, and Washington, DC, respectively, but both have family roots in the South. They also grew up in the musical traditions of their churches – Tanya in the Black Baptist Church and Michael in the Seventh Day Adventist Church – where they learned the power of song to move people. After becoming a father at a very young age, Michael eventually joined the armed forces and served in Iraq and Germany, where he took up songwriting as a way of dealing with his experiences there. Meanwhile Tanya embarked on a singing and acting career after a breakthrough appearance in Sister Act 2 alongside Whoopi Goldberg and Lauryn Hill. Now, after a long and sometimes traumatic journey, Michael and Tanya are married, touring, winning all sorts of awards, and set to release their fifth album together, and their fourth as The War and Treaty. Sid talks to Michael and Tanya about the new record, Plus One , as well as their collaboration with Miranda Lambert, what it was like to record at FAME studios in Muscle Shoals, and how they’re blending country, soul, gospel, and R&B. Learn more about your ad choices. Visit podcastchoices.com/adchoices…

год назад 55:52

MP3•Главная эпизода

Barry Minkow Exposes Multifamily Syndication Fraud: Insights From A Convicted Felon Now Working With the FBI!

The multifamily syndication market is booming, but beneath the glossy marketing materials and promises of high returns lurks a darker side: widespread fraud. Today's podcast features Barry Minkow, a reformed businessman, preacher, and former convict, who brings a unique perspective to the world of distressed debt and real estate investing. He shares his insights into the often-hidden dangers of multifamily syndication schemes.

Barry isn't your typical real estate expert. His experiences, including a stint in federal prison for fraud, give him a firsthand understanding of the deceptive tactics used by some promoters. His perspective is invaluable for investors looking to avoid costly mistakes. He warns against the hype surrounding Reg D offerings, emphasizing the importance of independent verification and due diligence. He says, "Don't rely on glossy marketing materials alone. Dig deeper. Verify everything. Because what looks too good to be true, usually is."

Here are five key takeaways from Barry's insights:

Beware of Overly High Returns: Multifamily syndications often promise unrealistic returns. Barry cautions investors to be wary of deals offering unusually high yields, as these may be indicators of fraudulent schemes. (He humorously calls this kind of promising "the lipstick on a pig" approach.)

Independent Verification is Crucial: Don’t blindly trust the information provided by promoters. Conduct thorough due diligence, including obtaining independent appraisals and reviewing financial statements, before investing. Barry’s own experiences highlight the consequences of neglecting this crucial step. “Trust, but verify,” he says, a lesson he learned the hard way.

Understand the Numbers: Analyze financial statements closely to avoid being misled by inflated numbers. Barry stresses the importance of understanding key metrics like LTV (loan-to-value ratio), occupancy rates, and debt service coverage ratios. “If the numbers don't add up, they’re probably lying,” he warns, with a wink.

Look for Red Flags: Barry points out several red flags to watch out for, including unrealistic projections, lack of transparency, and aggressive marketing tactics. He recommends paying close attention to the details; if something feels off, it probably is.

Don't Be Afraid to Ask Questions: Barry emphasizes the importance of asking tough questions and challenging the information presented by promoters. Don't be afraid to ask follow up questions; if the promoter is trying to obfuscate information, it's a major red flag.

Barry's insights offer a much-needed dose of reality in an otherwise overly hyped market. He urges investors to exercise caution, perform thorough due diligence, and prioritize financial literacy. The consequences of fraud can be devastating – financial ruin, legal battles, and even criminal charges. It’s far more prudent to protect your investment by asking questions, performing due diligence, and making informed decisions.

You can find Barry Minkow on Instagram (@MinkoBarry) and TikTok (@OneMinuteFraud). Remember, in the world of real estate investing, knowledge is power – and due diligence is your best defense.

Book a call with SCOTT HERE!

Love the show? Subscribe, rate, review, and share!

Here’s How »

Join the Note Closers Show community today:

Get Signed Up For the Next Note Buying Workshop HERE!

Get Signed Up For the WCN Membership HERE!

644 эпизодов

#Trading #Careers #Entrepreneur #Business #Scott Carson

Uncovering Multifamily Syndication Fraud with Barry Minkow

The Note Closers Show Podcast

published год назад

MP3•Главная эпизода

Barry Minkow Exposes Multifamily Syndication Fraud: Insights From A Convicted Felon Now Working With the FBI!

Here are five key takeaways from Barry's insights:

Beware of Overly High Returns: Multifamily syndications often promise unrealistic returns. Barry cautions investors to be wary of deals offering unusually high yields, as these may be indicators of fraudulent schemes. (He humorously calls this kind of promising "the lipstick on a pig" approach.)

Independent Verification is Crucial: Don’t blindly trust the information provided by promoters. Conduct thorough due diligence, including obtaining independent appraisals and reviewing financial statements, before investing. Barry’s own experiences highlight the consequences of neglecting this crucial step. “Trust, but verify,” he says, a lesson he learned the hard way.

Understand the Numbers: Analyze financial statements closely to avoid being misled by inflated numbers. Barry stresses the importance of understanding key metrics like LTV (loan-to-value ratio), occupancy rates, and debt service coverage ratios. “If the numbers don't add up, they’re probably lying,” he warns, with a wink.

Look for Red Flags: Barry points out several red flags to watch out for, including unrealistic projections, lack of transparency, and aggressive marketing tactics. He recommends paying close attention to the details; if something feels off, it probably is.

Don't Be Afraid to Ask Questions: Barry emphasizes the importance of asking tough questions and challenging the information presented by promoters. Don't be afraid to ask follow up questions; if the promoter is trying to obfuscate information, it's a major red flag.

You can find Barry Minkow on Instagram (@MinkoBarry) and TikTok (@OneMinuteFraud). Remember, in the world of real estate investing, knowledge is power – and due diligence is your best defense.

Watch the original VIDEO HERE!

Book a call with SCOTT HERE!

Love the show? Subscribe, rate, review, and share!

Here’s How »

Join the Note Closers Show community today:

Get Signed Up For the Next Note Buying Workshop HERE!

Get Signed Up For the WCN Membership HERE!

644 эпизодов

#Trading #Careers #Entrepreneur #Business #Scott Carson

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Breaking Down Commercial Foreclosures In Texas 54:09

20 hours назад54:09

54:09

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8 дней назад1:01:08

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9 дней назад26:41

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How to Crush Your Money Goals with Bernadette Joy 50:44

12 дней назад50:44

50:44

From $300K in Debt to Seven Figures: Bernadette Joy's Inspiring Money Story This week on The Note Closers Show, we were thrilled to have Bernadette Joy, a best-selling author and inspiring finance expert, share her incredible journey from crushing over $300,000 in debt to building a seven-figure net worth. Bernadette's story is a testament to the power of perseverance, strategic planning, and a dash of humor—because who doesn't need a laugh when battling debt? Her path to financial freedom wasn't a straight line. After graduating with three degrees (two in business and one in psychology!), Bernadette found herself drowning in student loan debt and credit card balances. She tried various debt repayment strategies, finding that the "debt snowball" resonated most with her—but not without some humorous bumps along the way. Key Takeaways from Bernadette's Financial Journey: The Power of the Debt Snowball: Bernadette's journey started with the debt snowball method, paying off the smallest debts first to build momentum and stay motivated. However, she later discovered the importance of finding a method that worked best for her . The $1 Rule: This unique approach focuses on making intentional spending decisions. If an item costs $1 or less per use, then you buy it. This helps avoid the endless analysis paralysis that can prevent progress. It's a clever way to reward yourself while maintaining a budget! Financial Literacy: Bernadette emphasizes the importance of financial education. She warns against accepting generic advice and stresses the need to adapt strategies to your unique circumstances and personality. Mental Health Matters: Bernadette highlights the emotional toll of debt and the importance of prioritizing mental and physical well-being. She emphasizes taking breaks, celebrating successes, and not allowing financial struggles to consume your life. Seek Your Own Path: There's no one-size-fits-all approach to financial success. Bernadette encourages everyone to find the strategies that work for them, embracing their unique circumstances and values. Humor and Relatable Moments: Bernadette's interview was filled with candid anecdotes, humor, and relatable stories. She shared her struggles with debt, her initial resistance to embracing the debt snowball method, her frustration with overly simplistic financial advice, and the importance of prioritizing mental health while pursuing financial goals. Her story is honest, vulnerable, and deeply inspiring. Her unique "$1 rule" is particularly clever, offering a simple yet effective way to manage discretionary spending. She emphasizes that while the debt snowball can be a great starting point, it's crucial to find the strategy that resonates best with your personality and circumstances. There's no need for endless spreadsheet analysis! Key Takeaways for Your Financial Journey: Embrace Education: Continuous learning is essential to navigate the complexities of personal finance. Find Your Own Path: There's no one-size-fits-all solution. Experiment, adapt, and find what works best for you. Prioritize Mental Health: Financial success isn't just about numbers; it's about overall well-being. Celebrate your wins, and don't be afraid to ask for help. Build a Support System: Surround yourself with a supportive community that can offer encouragement, guidance, and accountability. Bernadette Joy’s inspiring journey proves that financial freedom is attainable with hard work, a well-defined plan, and a healthy dose of perseverance and humor. Her book, Crush Your Money Goals , offers practical strategies and valuable insights to help you achieve your financial dreams. Connect with Bernadette HERE! Watch the original VIDEO HERE! Book a call with Scott HERE! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Sho Sign up for the next FREE Note Weekend Class HERE! Get Signed Up For the WCN Membership HERE!…

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Modern Day Land Barons: Rick & Crystal Rumer's Note Investing Journey 46:34

20 дней назад46:34

46:34

The recent Note Closers Show episode featured Rick and Crystal Rumer, a dynamic Texas couple who've built a remarkably successful real estate investing business. Their journey, from corporate jobs to full-time real estate investors specializing in land notes, is a testament to hard work, strategic planning, and a healthy dose of Texan grit. Get ready for some serious inspiration – and maybe a chuckle or two! Rick and Crystal's story begins long before they became full-time real estate investors. Rick worked for JPMorgan Chase, while Crystal was in sales. Both had early successes with rental properties, but they initially dabbled in several real estate ventures before finding their niche. Their entrepreneurial journey mirrors many investor journeys, which often includes learning from mistakes, pivoting from one approach to another, and a fair share of trial and error. From Rental Properties to Land Notes: After leaving their corporate jobs, Rick and Crystal initially focused on fix-and-flip properties and wholesaling. They even considered purchasing hotels, a move that would have put them in a much more crowded market. But their most profitable ventures came from focusing on land. They realized that by purchasing larger tracts of land, subdividing them into smaller lots, and owner-financing those lots, they could generate substantial returns and achieve remarkable financial success. Their story reminds us that sometimes the most lucrative opportunities lie outside the typical investor's playbook. Key Takeaways from Rick & Crystal's Success: Rick and Crystal's success in land note investing can be attributed to several key strategies: Strategic Location: They focus on high-growth areas with strong demand for land, such as the Golden Triangle of Texas (San Antonio, Austin, and the surrounding areas), maximizing their returns. Long-Term Vision: They aren't afraid to make long-term investments and build relationships with investors and buyers. In the land note business, time is on the investor’s side! Owner Financing: They utilize owner financing, making the deals more attractive to buyers and generating consistent cash flow. Teamwork: Rick and Crystal emphasize the importance of working together, leveraging their individual skills and strengths. This highlights the power of a strong business partnership. Effective Marketing: They rely on a combination of networking, referrals, and targeted marketing strategies to find new investors and buyers. This includes utilizing direct mail and a strong online presence. Embracing the Challenges: They share some of the common challenges and pitfalls faced by investors, including the importance of using private money, managing risk, and working with other investors and lenders, not just the buyers. Their experience highlights the value of carefully vetting potential partners, especially when dealing with large transactions. They provide several examples of when a deal went off the rails and how they navigated these challenges. Conclusion: Rick and Crystal's story is a compelling example of building wealth through real estate note investing. Their success underscores the importance of specializing in a specific niche, building strong relationships with investors and lenders, and creating a well-structured business model. Remember, even experienced investors like Rick and Crystal made mistakes along the way, highlighting that there's always room for improvement. Their story is filled with inspiration and serves as a reminder that perseverance, adaptation, and teamwork can lead to significant financial success in real estate. Watch the original VIDEO HERE! Connect with Rick & Crystal HERE! Book a call with SCOTT! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo…

1
Conquering the Glass Ceiling: Liz Faircloth's Strategies for Women in Real Estate 44:43

27 дней назад44:43

44:43

From Social Worker to Real Estate Powerhouse: Liz Faircloth's Inspiring Journey The recent Note Closers Show episode featured Liz Faircloth, a remarkable woman who has defied expectations and built a thriving career in real estate. Her journey, from a social work background to becoming a multi-million-dollar real estate investor and the head of a nationwide network for women, is both inspiring and hilarious. Get ready for some serious motivation – with a side of witty anecdotes! Liz's path to real estate success wasn't straightforward. She initially pursued a career in social work. A pivotal moment came when her brother-in-law handed her a copy of Rich Dad Poor Dad . This book sparked a life-altering shift in perspective, igniting her passion for real estate investing. It was a moment of serendipity that changed everything. Overcoming the Odds: Liz's journey is a powerful testament to perseverance and resilience. She openly discusses the challenges women face in the male-dominated real estate world – think "good old boy network" and the pervasive glass ceiling. But instead of being deterred, Liz embraced these obstacles and forged her own path. Her wit and humor, sprinkled throughout her narrative, make the entire interview engaging and relatable. Liz emphasizes the importance of developing a strong support network. This led her to create InvestHer, an organization designed to empower women in real estate. InvestHer provides: Community & Mentorship: A supportive network where women can learn from each other's experiences and share the ups and downs. Educational Resources: InvestHer provides free teaching and coaching, ensuring women have the skills and knowledge to succeed. Empowerment & Confidence: The organization actively works to encourage women to take risks and build confidence, challenging the mindset that often holds them back. Mastermind Events (InvestHerCon): Annual conferences focusing on practical strategies, mindset, and self-care, demonstrating that success is more than just financial returns. It's also about balance. InvestHer Plus: An online platform offering additional resources, including a mentorship program and targeted networking opportunities. Facing Fears and Building Confidence: Liz candidly shares her personal experiences with failure, emphasizing that fear is a natural part of the process. She encourages women (and anyone) to embrace their fears and not let them be paralyzing. Keys to Success: Her story also highlights the importance of these key ingredients for success: A Clear Vision (North Star): Having a long-term plan and a clear vision of what you want to achieve. Strategic Planning: Making conscious decisions that align with your overall goals. Community and Support: Building a network of like-minded individuals who will support and encourage you. Liz's journey is a testament to her resilience, determination, and entrepreneurial spirit. Through her work with InvestHer, she's inspiring countless women to pursue their dreams in real estate. Her unique blend of business acumen, personal experience, and infectious humor makes her a true role model and an inspiring example for any aspiring entrepreneur, regardless of gender! Check out TheRealEstateInvestHER HERE! Watch the original VIDEO HERE! Book a call with SCOTT HERE! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest…

1
How to Make Six Figures as a Note Investor 44:31

29 дней назад44:31

44:31

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1
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5 weeks назад21:32

21:32

This Note Investing Case Study Will Blow Your Mind (and Maybe Your IRA) Hey note-heads! Welcome to another episode of The Note Closer Show, where we dissect deals, dish dirt, and deliver the delicious details of the note investing world. Today's episode is extra special, so grab your coffee (or tequila – we don't judge!), and let's dive in. We're exploding with excitement because one of our Newark coaching students just closed their FIRST EVER DEAL – and it’s a doozy. Not only did they close in under 90 days, but they achieved a staggering 28% ROI (Return on Investment) in the first couple of years! And the cherry on top? They funded the entire thing with their self-directed IRA—making it completely tax-free! Talk about a win-win! Before we spill the beans on this incredible success story, let's make sure we're on the same page about what a Non-Performing Note (NPN) is. Basically, it's a loan where the borrower has fallen behind on payments. Secured Equities buys these notes at a discount, aiming to help the borrower get back on track or finding alternative solutions, and then reaping the rewards. Think of it as real estate's version of a fixer-upper—only way more profitable. This isn't a get-rich-quick scheme. A lot of folks think finding deals is tough, but the truth is, it's about knowing where to look (and having a good teacher!). This student went through a few duds before hitting the jackpot, which just goes to show the importance of persistence. Remember: even the most successful investors experience setbacks! Here are five key takeaways from this amazing case study: Fast ROI: This deal showcases the potential for incredibly quick returns in note investing. 90 days to a deal and a 28% ROI?! Yeah, that's what we're talking about. Tax Advantages of Self-Directed IRAs: Leveraging a self-directed IRA for note investing can significantly reduce taxes and increase your overall profits. Think of your IRA as a high-yield savings account that's also a real estate investment! Borrower Rehabilitation: The focus wasn't just on maximizing profit; the team worked to help the borrower get back on track with a Chapter 13 bankruptcy plan. This is not only ethical but can often lead to a more favorable outcome for everyone involved. It creates a win-win! Risk Mitigation: Through careful due diligence, the student identified a property with a clear path to profitability. They understood that while the home itself wasn't perfect, the numbers made sense and the strategy to help the borrower minimized risk. Power of Persistence: Remember, this success didn't happen overnight. This student went through several offers before hitting the big one. The key takeaway here is that even seasoned professionals face failures, it’s about learning from them and moving on. This deal is a testament to the power of education, a strategic approach, and knowing where to find the deals. Note investing isn't just about finding cheap properties; it's about finding deals with good underlying value and sound financial strategies. Want to learn more about note investing and possibly turn your own IRA into a passive income machine? Check out our upcoming workshop in Austin, Texas! It's jam-packed with note-finding secrets, fundraising strategies, and deal structuring techniques. Get your discounted ticket now (before we change our minds). Visit HTTP://notebuyingfordummies.com to get started! Stay tuned for more exciting case studies, tips, and tricks. Until next time, keep closing those deals, and don't forget to subscribe for more Note Closer goodness! Watch the original VIDEO HERE! Book a call with SCOTT HERE! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest Get signed up for the Next Virtual Note Buying Workshop Now!…

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AI Powered Financing: FHA 203k Loans & Renovation Financing with Skip Schenker 1:02:36

5 weeks назад1:02:36

1:02:36

Unlocking Hidden Real Estate Profits: FHA 203k Loans & Renovation Financing Hey there, Note-heads! Welcome back to The Note Closers Show, your daily dose of real estate wisdom, market insights, and (let's be honest) a healthy serving of real estate humor. Today's episode is all about unlocking hidden real estate profits, particularly by using FHA 203k renovation loans. This is a game-changer, not just for investors but also for buyers who are tired of settling for “as-is” properties. We recently dove deep into 66 vacant reverse mortgages, showing how you can often acquire them for 70-80% of their value. But that's just the tip of the iceberg! Lots of investors think they need piles of cash for real estate. But what if there's a better way? What if you could finance your fixer-upper? That's where Skip Shenker comes in. Skip is a legendary figure in the world of renovation loans. He not only designs his own houses but also has a passion for helping investors and homebuyers access innovative financing options. Today, we're exploring how the FHA 203k loan can revolutionize your real estate strategy! Here's what Skip shared that you NEED to know: The FHA 203k Loan: This isn't your grandpappy's home loan. It's a unique financing option that bundles the purchase price and the cost of renovations into a single loan. That means you can buy a fixer-upper and finance the entire renovation project at once! No more juggling multiple loans—it's one simple solution. Beyond Cash Buyers: With FHA 203k, you tap into a HUGE pool of buyers who aren't limited to cash offers—namely, those looking for a house to make their own! This significantly expands your potential buyer base, increases your chances of a swift sale, and eliminates the time and money usually spent on rehab yourself. AI-Powered Rehab Estimates: We discussed a revolutionary new tool that utilizes AI to estimate the rehab cost for your fixer-upper. This is way faster and more accurate than traditional methods, taking the guesswork out of the entire process. This speeds things up enormously! CHECK IT OUT HERE Flexible Financing: FHA 203k isn't just for first-time homebuyers. It can be used by anyone, regardless of credit score (within reason, of course), giving you flexibility when deciding on financing your rehab. It's also incredibly helpful to buyers who may not qualify for a conventional loan. Strategic Partnerships: We discussed forming partnerships with real estate agents to educate them about the FHA 203k loan's possibilities. This leads to more referrals and unlocks a wealth of potential deals. It’s a win-win-win for everyone involved. Humor Break: Remember those "before and after" home makeover shows? The FHA 203k loan is the real-life equivalent, only without the drama of screaming contractors and surprise budget overruns (mostly!). Skip also shares real-world examples and expert advice, debunking common myths surrounding the FHA 203k. Learn about the role of HUD consultants, ways to mitigate financial risks during the renovation process, and strategic tips for maximizing your returns. Ready to uncover hidden profits in the real estate market? Watch or listen to this episode! Visit www.Ready4Remodel.com to learn more about the FHA 203k loan, how it can help you maximize your investments, and how to access the latest AI-powered tools and resources. Follow us on all socials for daily updates and more real estate insights! Watch the original VIDEO HERE! Book a call with SKIP HERE! Talk with Scott Carson HERE! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest Get signed up for the Next Virtual Note Buying Workshop Now!…

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How to Connect With Bank Asset Managers 32:15

5 weeks назад32:15

32:15

Unlocking the Secrets to Finding Non-Performing Notes: A Note Investor's Guide Happy Monday, fellow note-slingers and deal-makers! Let's face it, the world of note investing can feel like a treasure hunt in a swamp – lots of murky water and questionable treasures. This week's episode delves into how to find those elusive, high-quality non-performing notes – the ones that aren't swamp-things. Forget wading through endless lists of land notes and performing loans, let's get you to the good stuff! The speaker's experience highlights the common frustration of finding quality deals. He describes a LinkedIn post from someone lamenting the lack of good non-performing notes available, stating that the market is flooded with "crap". Sound familiar? The Myth of the "Low-Hanging Fruit": Many new investors rely on their LinkedIn network or Facebook groups for leads. While this can work, it often yields low-quality deals – a mix of firsts and seconds, frequently low-balance loans from less-than-ideal sources. Think of it like fishing in a pond full of minnows: Sure, you can catch some, but are you really going for the big tuna? Where the Real Deals Hide: The fact is, there's a significant number of non-performing notes out there. We're talking millions of loans that are underperforming, and they're not just sitting in plain sight! You won’t find them hanging around on Facebook, that’s for sure! Here’s the real secret: Direct Sourcing: Target direct sources, like banks (think beyond the big guys – regional banks often have more readily available inventory) and asset managers. Forget the big sharks; focus on finding the smaller, more approachable fish in the pond. Marketing is Key: Market your services actively. A 3% default rate on 80 million homes equals millions of opportunities, but you need to get in front of those who control them. LinkedIn Power: Optimize your LinkedIn profile. Don't be a grainy, blurry photo from 1998. Dress to impress, folks! It's your digital storefront! Target Asset Managers with specific job titles using LinkedIn's search functions. Be professional and clear about what you do and who you are. Network, Network, Network: Attend industry events (or at least research the attendee lists) to get direct contact information. This is your chance to network and find hidden gems that the general public never gets a whiff of. Bring business cards, and for goodness' sake, dress nicely! Phone Calls Still Matter: Email campaigns are great, but phone calls are the ultimate closer. A well-structured call blitz can yield amazing results – even if it feels like you're hauling a thousand-pound phone at first. Avoiding Common Pitfalls: The biggest mistake new note investors make is focusing only on seconds. While seconds can be profitable, they're not always easily found at good prices. First liens are more profitable and easier to acquire capital for! Final Thoughts: Finding quality non-performing notes is a process. It’s not a get-rich-quick scheme, but rather a strategic approach requiring focus, consistent marketing, and a dash of resilience. Remember, the treasure is out there; you just need to know where (and how) to look for it. Watch the original VIDEO HERE! Book a call with SCOTT HERE! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest…

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DSCR vs. Hard Money Loans: Your Ultimate Funding Guide with Gary Brown 1:02:21

5 weeks назад1:02:21

1:02:21

Get ready to supercharge your real estate investing game! This episode features Hard Money Gary, a real estate ninja who's mastered the art of securing funding for any project. Forget the endless struggle of finding money—Gary shares his proven strategies, turning years of experience into profit for himself and clients. This isn't your typical dry real estate finance discussion. We kick things off by exploring various funding options, demystifying the often-confusing world of real estate loans. Gary weaves in anecdotes from his personal journey, from wholesaling to building a nationwide hard money network. Prepare for a rollercoaster of humor and wisdom! Key takeaways from this must-listen episode include: Mastering Outreach: Ditch the awkward cold calls and generic emails! Learn the most effective strategies to find lenders, including networking, online platforms, and writing compelling messages. Forget the awkward small talk – we teach you how to close deals effectively! Hard Money & DSCR Loans: Gary breaks down hard money and DSCR loans with humor and clarity. Discover how to choose the right loan type for your unique situation, and understand interest rates like a pro (no more confusing financial jargon). Building Winning Relationships: Learn how to build strong connections with lenders that lead to ongoing success. Tips on maintaining positive relationships and getting repeat business are included – forget those one-off deals! Avoiding Costly Mistakes: Gary reveals common pitfalls many investors fall into and shares how to avoid those costly errors. This is your crash course in how to stay financially fit. DSCR Loan Details: Get to grips with what a DSCR loan is, and when it's the right solution for your project. DSCR loans are your secret weapon to securing the financing you need. Rehab & Repair Financing Strategies: We dive into the nuts and bolts of loan-to-cost, loan-to-value, and loan-to-ARV. Learn how to master these crucial elements of project financing. This podcast isn't just theory; it's real-world advice. Gary's infectious energy will inspire you to take action. But be warned: you might get too fired up listening! So grab a beverage, settle in, and prepare to become a real estate funding master. What you'll also discover: Why understanding various financial strategies is essential for successful real estate ventures. Insights on avoiding common mistakes in securing funding. How to make social media work for you in your search for lenders. Practical strategies for building long-lasting lender relationships. This podcast is your guide to securing the funding you need for your real estate endeavors. Don't miss the chance to learn from one of the best in the business! Like, subscribe, and share this with your fellow real estate investors. Watch the original VIDEO HERE! Connect with GARY BROWN HERE! Book a call with SCOTT HERE! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest Get signed up for the Next Virtual Note Buying Workshop Now!…

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Beyond the Spreadsheet: Analyzing 4 Minnesota Nonperforming Notes 1:04:50

6 weeks назад1:04:50

1:04:50

The Minnesota real estate market is heating up, and savvy investors are always looking for a deal. This week’s podcast features a deep dive into four Minnesota foreclosure notes, offering insights into note investing strategies. Our host and special guest, Dale Brost, break down each deal, revealing the challenges and opportunities in this niche market. (Fair warning: this analysis goes beyond simple spreadsheets!) Minnesota Market Dynamics: The podcast begins with a brief overview of the Minnesota real estate market, emphasizing the current tight inventory and high demand for rental properties. This is setting the stage for our deep dive into the note market. Did you know Minnesota has more shoreline than the East and West Coasts combined? It’s a big state for a reason. Four Minnesota Foreclosure Notes—A Case Study: The heart of this podcast is a detailed analysis of four foreclosure notes. The analysis includes: Property Details: Each property's specifics such as address, size, features, and current condition are reviewed. Photos are also examined to assess the property's condition and estimate potential rehab costs. (One note even involved a car in the garage covered in dust—a great photo op for a “before” shot!) Financial Data: Unpaid balance, legal balance, BPO (Broker Price Opinion) values, and estimated closing costs are analyzed. Equity Analysis: Properties with positive equity are more favorable and offer higher potential returns; the equity position of the notes heavily influence deal strategy. Foreclosure Timeline: Our host discusses the typical timeframe for Minnesota foreclosures, including the crucial redemption period. In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment. Strategic Approaches: Two primary strategies are evaluated for each note: selling at a foreclosure auction versus taking back the property and selling it as an REO (Real Estate Owned). The Importance of Due Diligence: Our host and guest emphasize the importance of due diligence in note investing. This includes: Reviewing the Property: A visit to the property (or reviewing high-quality photos) to assess the condition and evaluate the potential ROI. Locating Key Information: Obtaining detailed information such as property taxes and legal descriptions. Understanding the Foreclosure Process: Familiarizing yourself with the state-specific laws and regulations. Beyond the Spreadsheets: This podcast goes beyond spreadsheets and numbers, offering valuable insights into: Working with Rehab Partners: Our host stresses the value of collaborating with experienced contractors. Market Trends: The current state of the Minnesota real estate market is discussed, including how this impacts the note market. Flexibility in Investment Strategies: Different strategies are suited for different properties, and experience is crucial. Humor to Relate To: “Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.” “In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment.” Call to Action: Ready to learn more about Minnesota note investing? Listen to the full podcast and subscribe for more insights! Leave your comments and questions below! Connect with Dale Brose HERE! Watch the original VIDEO HERE! Book a call with SCOTT HERE! Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Facebook The Note Closers Show Twitter Scott Carson LinkedIn The Note Closers Show YouTube The Note Closers Show Vimeo The Note Closers Show Instagram We Close Notes Pinterest Get signed up for the Next Virtual Note Buying Workshop Now!…

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Streamline Your Rental Property Accounting with Adam Hamilton (REIHUB.net) 38:08

6 weeks назад38:08

38:08

Real estate investing can be incredibly rewarding, but let’s be honest – the accounting side can be a real headache. This week, we talked with Adam Hamilton, co-founder of REI Hub, a software designed to help landlords and investors manage their books effectively. Adam's insights are pure gold, especially if you’re tired of endless spreadsheets and tax season stress. This interview was a game-changer! Why REI Hub? Adam’s journey started with a simple observation: many real estate investors are struggling to manage their finances effectively. This is often due to a lack of time, accounting expertise, and use of general accounting software not designed for the specific needs of the rental property world. Unlike other investors, Adam understands the need for specialized software. He wants to keep things simple! Top 3 Mistakes Investors Make with Their Accounting: Adam shared the three most common mistakes investors make with their rental property accounting: No Strong Foundation: Many investors don’t set up proper accounting systems from the start. This includes failing to separate their personal and business finances, leading to messy books and missed opportunities for deductions. Hint: Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess. Failing to Review: Many investors enter transactions into their accounting systems without regularly reviewing the data or generating reports. This can lead to unexpected surprises at tax time. Think of this as trying to navigate with a torn map. You’ll probably get lost! Ignoring Key Deductions: It’s easy to overlook potential tax deductions such as mileage, depreciation, and loan interest expense. Missing out on deductions is like leaving money on the table – a big no-no in real estate! REI Hub: Your Accounting Solution: REI Hub aims to solve these problems by providing: Intuitive Software: The software is designed specifically for real estate investors, with transaction types and account categories that closely match the language of the industry. Integration with TurboTenant: If you’re already using TurboTenant for property management, REI Hub integrates seamlessly, eliminating the need for double data entry. Dynamic Loan Amortization: REI Hub automatically breaks down your loan payments into their principal, interest, and escrow components, making it easier to track and report these expenses. Automated Tax Review Process: REI Hub walks you through a tax review process, making sure you aren't overlooking key deductions or tax strategies. We’re not CPAs, but we'll provide your CPA with all the ammunition they need. Expert Support: REI Hub's support team is knowledgeable about real estate accounting and is available to answer your questions. This is support that actually understands your struggles! Beyond the Basics: This interview also touched upon: Asset Protection Strategies: Keeping personal and business finances separate protects against potential liability. (Think of it as separating your business's expensive suits from your old college sweatshirts—one protects your investment, while the other keeps you comfortable.) Tax Law Changes: Stay up-to-date on changes to the tax laws that may impact your rental income and expenses. Humor to Relate To: “Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.” “Missing out on deductions is like leaving money on the table – a big no-no in real estate!” Call to Action: Ready to take control of your rental property accounting? Visit REIHub.net to learn more and sign up for a free trial! Share your own accounting horror stories in the comments below! http://snip.ly/REIHub SIGN UP FOR REI HUB HERE! SIGN UP FOR TURBO TENANT HERE! WATCH THE ORIGINAL VIDEO HERE Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show community today: WeCloseNotes.com The Note Closers Show Faceboo Get signed up for the Next Virtual Note Buying Workshop Now!…

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Unlocking Financial Freedom: Smart Money Strategies with Tony Steuer 37:16

6 weeks назад37:16