Ready to escape the hassles of toilets and tenants? In this episode of the FlipNerd podcast, Mike Hambright interviews Scott Carson, The Note Guy, about the ins and outs of note investing. Discover how to become the bank, generate consistent cash flow, and unlock opportunities in the distressed debt market.Here's what you'll discover:
- Introduction to Note Investing: What notes are and why they're becoming more mainstream.
- Note Investing vs. Traditional Real Estate: The advantages of buying notes compared to fix and flips.
- Historical Perspective: The resurgence of note buying after the 2008 financial crisis.
- Becoming the Bank: Shifting from REO buyer to note holder for long-term cash flow.
- The Note Investor's Role: Creating your own economy as a note investor.
- Scott Carson's Journey: Learn how Scott transitioned from the mortgage industry to full-time note investing.
- The Basics of a Mortgage Note: How mortgages are created, packaged, and sold on the secondary market.
- Distressed Debt Market: How economic events create opportunities in distressed mortgages.
- Underwater Homeowners: Learn how underwater homes in 2008 became an opportunity to invest in discounted mortgages.
- What Makes A Note Go into Default? The common issues, that will lead a homeowner into a note.
- Profitability in Notes: Learn how even a default can become a profit for an investor.
- Hedge Fund Dynamics: Why hedge funds are key players in the note market.
- Special Asset Departments: Understanding the roles of "special asset" or "secondary market" departments in banks.
- Targeting Smaller Banks: Focus on mid-sized and regional banks for accessible deals.
- Phone Call Strategy: How To stand out when calling and securing note deals.
- First Lien vs. Second Lien Notes: Discussing the difference between first and second lean positions.
- Raising Capital: How the lien position effects your ability to raise capital.
- Build a Portfolio: How to start small, avoid rookie mistakes, and expand your note portfolio.
Conclusion:
Ready to get started in the world of note investing? Tune in and learn the strategies you need to become the bank and generate consistent cash flow. Check the links below for resources and information on note investing!
