Common Sense Underwriting: Avoid Note Investing Disasters! The Note Closers Show podcast

Common Sense Underwriting: Avoid Note Investing Disasters!

6M ago 32:34

Megosztás

A tartalmat a Scott Carson biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Scott Carson vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Hey Note Closers! Scott Carson here, diving into the essential topic of common sense underwriting. This episode is all about avoiding the pitfalls that can turn a seemingly great deal into a costly mistake. We're going beyond the spreadsheets and ROI calculators to focus on practical, real-world due diligence.

Key Takeaways:

The Importance of Loan-Level Bids: Don't fall for the "percentage across the board" approach. Insist on loan-level bids to accurately assess the value of each asset.
Don't Be an A-Hole: Treat sellers with respect and professionalism. Submitting unrealistic offers or failing to follow instructions will damage your reputation.
Know Your Market: Don't bid on assets in areas you don't understand or wouldn't want to own. Focus on markets with a decent population and available resources.
Don't Fall in Love with the Property: Take the emotion out of the equation. Focus on the numbers and the potential for profit, not the aesthetics of the property.
Look Beyond the Numbers: Don't rely solely on spreadsheets. Consider factors like the condition of the property, the borrower's history, and potential legal issues.

Actionable Advice:

This episode is packed with actionable advice to help you make smarter investment decisions. We'll discuss:

How to assess the value of a note beyond the numbers
How to identify potential red flags
How to build a strong team of professionals to support your due diligence efforts

Resources:

Order your O&E Due Diligence HERE: https://snip.ly/NewTitleSearch
Order your BPO Orders HERE: https://snip.ly/NewBPOForm

Don't let a lack of common sense derail your note investing success! Listen now to learn how to avoid costly mistakes and maximize your returns.

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 WCN Membership HERE!

705 epizódok