3 F’s Of Note InvestingScott Carson’s

Who Is In The Room

What Does Your Biz Look Like?

• Real estate investor since 2002• Buying and selling NPN’s since 2007• President of Inverse Investments LLC• Creator of Note Buying For Dummies class• The “Love Connection” of ugly paper by Investor’s Business Daily/Wall Street Journal

• 2014 Note Educator of the Year!

Who Is Scott Carson?

•How to FIND NPN’s from banks/hedge funds•How to FUND these deals with OPM•How to FLIP notes and other Exit Strategies•How We Focus On Rehabbing The Borrower!

•Create Win-Win-Win Situations for you, the banks, and the home owners!!!

What We Will Cover

Investing In Notes…The 411•There Are Over 6 Million Homes Still Underwater Today•90% Below $150,000 Values•3 Million Loan Modifications Starting To Fail•You Step Directly Into Banks Shoes When Buying NPN’s•Pricing Ranges from 25% to 75% Depending On Market•You Have a Variety Of Exit Strategies and Government Programs

•$211 Billion In Commercial Loans Set To Reset in 2017

Why Non Performing Notes• No Headaches – No Toilets Or Tenants Drama

• No Crowds – We See Deals 6-12 Months Ahead of Others

• Systems – Servicers & Vendors Handle Work

• Multiple Exit Strategies – 8 Different Exit Strategies

• Recession Proof? – Low IVT Hedges Against Bubble

• We Don’t Have A Deal Flow Problem

Where To Find These Deals•Banks•Hedge Funds•Servicing Companies•Auction Websites•Mortgage Bankers•Private Sellers

 

What Does Junk Look Like?

9 Different Exit Strategies1.Wholesale The Note2.Reinstate The Loan3.Modify The Loan4.Loan Assumption5.Cash Payoff6.Short Sale7.Deed In Lieu/Cash For Keys8.Foreclosure9.Sell The Note

• $100,000 FMV Condo• 2/2 1050 sq ft, Rent $1200• Fort Lauderdale, FL• $165,000 UPB• 24 months in default• 12 months to foreclose• What would you pay for this note?

Money Finds Good Deals

Small Notes Can Be Found Nationwide As Well

$130K 1st lien, no payments for 18 months!$110K ARV (needed $30K in repairs) $55K FMV

What would you pay for it????

Ugly Notes Need Love Too!

Took deed in lieu from property owner.Listed our REO online.Sold in 30 days for $25,000 to cash buyer!

I never walked property, swung a hammer, collected rent, or showed up to closing!

3 hours of work for us from 1,000 miles away!

$3,750 turns into $17,150

Meet Jamie and Lanny(Taylorsville, NC)

Bought Charlotte Condo NoteUPB was $37.5K, Worth $50KPaid $17,500

Did Loan Mod for ownerSold Asset for $45K

Make Money Holding Note

Modifying The LoanReduce PrincipleReduce Interest RateForgive Past Due PaymentsLoan DefermentSome Down PaymentAdjust Rate

The Law Of Averages• If You Buy 10 Notes

• 3-4 Will Modify• 3-4 Will Deed In Lieu• 4-6 Will Be Foreclosures (REO)

•Strategy Should Be To Modify to DIL To Foreclose To REO

800 Clubhouse Dr, West Palm Beach, FL6 Unit Apartment Complex worth $240KBorrower owes $430K (July 2010)Purchased for $175k.We sold it 8 months later atFC Auction for $310K!

The Bank Called Me!

2 Week Closing!

Chicago Duplex• Borrower Owes $100,000• Paying $1,380 per Month• FMV of $178,000• Purchase Price of $74,800•22% Annualized ROI!•Borrower is working on Refinancing• Investor looking for 10% ROI on $90K

WIN FOR THE PROPERTY OWNER!

•Offer Homeowners Deed In Lieu•No Deficiency Judgments•No New Late Pays on Credit•No Foreclosure on Credit•Cash For Keys•No Promissory Notes

How Do We Create Win-Win’s

WIN FOR THE BANKS• They Get Rid of Bad Debt Killing Their Books

• Settle in a Fraction of Time• Banks HATE REO’s“Pretend and Extend” Mentality on Commercial

How Do We Create Win-Win’s

WIN FOR US AS INVESTORS• Very little competition• Awesome deals!!!!• Very little overhead• Close residential and commercial deals• Nationwide Investing• YOU CAN DO THIS WITH NONE OF YOUR OWN MONEY!!!!!

How Do We Create Win-Win’s

Why I Started Teaching

Investors Don’t Know What They Don’t Know

New Investors Need Someone To CallInvestors Struggle With 3 Things1) Finding Deals2) Marketing3) Raising Money

So What is the Catch???

The Note Buying Blue Print

Part 1: Virtual Workshop

Virtual Note Buying For Dummies

• 3 Days Of LIVE Content And Teaching• February 3-5th

• 1 Day Spent On FINDING Assets• 1 Day Spent On FUNDING Deals• 1 Day Spent On FLIPPING Notes• Delivered LIVE & ONLINE• Recorded For Replay

Note Buying For Dummies• Special Guests

• Servicing Companies• Hedge Fund Managers• Loss Mitigation Experts• Experienced Investors• Whole Cast of Characters!

• Friday – Sunday• 9am -5pm CST

Three 30 Day Programs

Note Buying Blueprint Package

• Virtual Note Buying For Dummies Workshop$599

• Replays Of Workshop/Online Support$1299

• 30 Days Of Note Training$99

• 30 Days Of Marketing $199• 30 Days Of Private Money $599

• Online Home Study $599

• Normal Online Pricing Of$3,394

Today’s Special

$997You and a Guest!

Successful Students

Today’s Special

$997You and a Guest!

•www.WeCloseNotes.com•Scott@WeCloseNotes.com•512-585-3810