The Note Closers Show Podcast
Podetize Podcasts
The Note Closers Show Podcast covers everything you don’t know about real estate investing today, specifically the world of note investing. Scott Carson, CEO of We Close Notes, interviews experts in the note investing field, including vendors he works with, and students he has trained. Prepare to be educated and entertained on the secrets of how you can control millions of dollars’ worth of property for pennies on the dollar, through investing in distressed real estate notes. Scott and his students have each closed thousands of deals, all over the United States. Listen each week to stay on top of the latest developments in note investing, how to get to the right people, avoid the wrong people, get the inside track on buying from the banks, find the notes you are looking for, negotiate the best price, and make the high returns you deserve. Whether you are focused on performing, nonperforming, owner-financed, first, second, residential or commercial notes, you are in the right spot! Scott will show you how to find the deals where others aren’t looking, how to get the banks to call you with deals, and how to attract the right type of investors who are looking to fund your deals. Scott also brings in experts in marketing, entrepreneurship, business, and mindset to help his audience in the day-to-day grind of being a business owner, investor and entrepreneur. With over a decade of experience as the “Note Guy” Scott has invested in all types of note investments. Ranging from residential assets on an individual or large bulk basis to commercial notes in each asset class, Scott has the connections and knowledge to help his students take down all property types. If you have an appetite to grow your business from single family homes to multifamily, self-storage, mobile home parks, mixed-use, strip malls or other asset classes, Scott brings on the experts in these different fields to help give you guidance and clarity as a note and real estate investor to find success at your own pace. The Note Closers Show also features a variety of different experts and vendors ranging from attorneys, servicing companies, special servicing experts, title experts, and other real estate professionals to help you organize your own note business and have the best possible team of professionals at your disposal. Along with these experts, Scott also spends time identifying market and deal opportunities across the multiple facets of the note and paper industry. Scott also realizes that work isn’t everything to an entrepreneur and that’s why he also mixes in the occasionally mindset expert and guest wild card to keep his shows content fresh and relevant in today’s everchanging investment environment. It’s common for Scott to add an award-winning personality, athlete or podcaster to the stellar lineup of guests who might make a surprise appearance on the podcast. Scott’s willingness to be an open book and share the different facets of his business, life, and journey and his ability to use humor (and his sound effects) will keep you coming back again and again. Some of the previous guests of the Note Closers Show have been professional athletes, Emmy award-winning life coaches, and a variety of best-selling authors and experts in their fields to add value to the businesses and lives of the millions of listeners of the Note Closers Show across the United States and over one hundred different countries. You can also listen to the podcast on a variety of different AM and FM radio stations across the country. You can also watch the episodes on the WeCloseNotes YouTube channel. If you want to tap into the Note Closers Show family and information network, you can by texting Notes to 72000 or by checking out the WeCloseNotes.com website for a full schedule of events and trainings offered. www.WeCloseNotes.com
Location:
United States
Networks:
Podetize Podcasts
Description:
The Note Closers Show Podcast covers everything you don’t know about real estate investing today, specifically the world of note investing. Scott Carson, CEO of We Close Notes, interviews experts in the note investing field, including vendors he works with, and students he has trained. Prepare to be educated and entertained on the secrets of how you can control millions of dollars’ worth of property for pennies on the dollar, through investing in distressed real estate notes. Scott and his students have each closed thousands of deals, all over the United States. Listen each week to stay on top of the latest developments in note investing, how to get to the right people, avoid the wrong people, get the inside track on buying from the banks, find the notes you are looking for, negotiate the best price, and make the high returns you deserve. Whether you are focused on performing, nonperforming, owner-financed, first, second, residential or commercial notes, you are in the right spot! Scott will show you how to find the deals where others aren’t looking, how to get the banks to call you with deals, and how to attract the right type of investors who are looking to fund your deals. Scott also brings in experts in marketing, entrepreneurship, business, and mindset to help his audience in the day-to-day grind of being a business owner, investor and entrepreneur. With over a decade of experience as the “Note Guy” Scott has invested in all types of note investments. Ranging from residential assets on an individual or large bulk basis to commercial notes in each asset class, Scott has the connections and knowledge to help his students take down all property types. If you have an appetite to grow your business from single family homes to multifamily, self-storage, mobile home parks, mixed-use, strip malls or other asset classes, Scott brings on the experts in these different fields to help give you guidance and clarity as a note and real estate investor to find success at your own pace. The Note Closers Show also features a variety of different experts and vendors ranging from attorneys, servicing companies, special servicing experts, title experts, and other real estate professionals to help you organize your own note business and have the best possible team of professionals at your disposal. Along with these experts, Scott also spends time identifying market and deal opportunities across the multiple facets of the note and paper industry. Scott also realizes that work isn’t everything to an entrepreneur and that’s why he also mixes in the occasionally mindset expert and guest wild card to keep his shows content fresh and relevant in today’s everchanging investment environment. It’s common for Scott to add an award-winning personality, athlete or podcaster to the stellar lineup of guests who might make a surprise appearance on the podcast. Scott’s willingness to be an open book and share the different facets of his business, life, and journey and his ability to use humor (and his sound effects) will keep you coming back again and again. Some of the previous guests of the Note Closers Show have been professional athletes, Emmy award-winning life coaches, and a variety of best-selling authors and experts in their fields to add value to the businesses and lives of the millions of listeners of the Note Closers Show across the United States and over one hundred different countries. You can also listen to the podcast on a variety of different AM and FM radio stations across the country. You can also watch the episodes on the WeCloseNotes YouTube channel. If you want to tap into the Note Closers Show family and information network, you can by texting Notes to 72000 or by checking out the WeCloseNotes.com website for a full schedule of events and trainings offered. www.WeCloseNotes.com
Twitter:
@1scottcarson
Language:
English
Contact:
512.585.3810
Website:
http://weclosenotes.com/
Email:
scott@weclosenotes.com
Episodes
Beyond the Spreadsheet: Analyzing 4 Minnesota Nonperforming Notes
1/23/2025
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!
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Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:01:04:14
Streamline Your Rental Property Accounting with Adam Hamilton (REIHUB.net)
1/21/2025
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: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:Think of this as trying to navigate with a torn map. You’ll probably get lost!Ignoring Key Deductions: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:Integration with TurboTenant:Dynamic Loan Amortization:Automated Tax Review Process:We’re not CPAs, but we'll provide your CPA with all the ammunition they need.Expert Support:This is support that actually understands your struggles!
Beyond the Basics:
This interview also touched upon:
Asset Protection Strategies:Tax Law Changes:Humor to Relate To:
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 »
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WeCloseNotes.comThe Note Closers Show Faceboo
Duration:00:37:32
Unlocking Financial Freedom: Smart Money Strategies with Tony Steuer
1/20/2025
Financial Fitness for Real Estate Investors: A Conversation with Tony Steuer
In the fast-paced world of real estate, it's easy to get caught up in the thrill of the deal. But what about your financial fitness? This week, we had the pleasure of speaking with financial expert Tony Steuer, who is changing the way we think about money. Tony's insights are as relevant to your personal finances as they are to your investment strategy. His advice could be exactly what you need to kick-off 2025 on the right foot.
Tony's Journey:
Tony’s journey from life insurance agent to internationally recognized financial preparedness advocate and Forbes Insurance Advisory Board member is nothing short of inspiring. This conversation wasn't just about money; it was about mindset! He started by recognizing a crucial gap in the financial industry—a lack of clear communication around insurance products, which leaves many people confused and vulnerable.
Debunking Insurance Myths:
Tony debunks common misconceptions surrounding insurance, particularly life insurance. He clarifies the following points:
Life insurance isn't an investment:Surrender charges are real:Your insurance needs change:Term vs. Whole Life:The importance of planning:The Get Ready System:
Tony’s “Get Ready System,” detailed in his book, The Get Ready Blueprint, is a game-changer. It provides a structured, step-by-step approach to achieving financial fitness. The system uses a weekly calendar, prompting users to tackle different financial areas each week. This is a practical, easily-implementable strategy that’s perfect for busy entrepreneurs who need to stay organized. (It might even help you finally tackle that overflowing inbox!)
Why a Holistic Approach Matters:
Tony emphasizes the importance of taking a holistic view of your finances, integrating all aspects of your financial life into one comprehensive plan. He discusses issues such as:
The legacy you want to leave:The importance of long-term care planning:The impact of global warming on insurance:Humor to Relate To:
Call to Action:
Ready to take control of your financial future? Check out Tony's work via the links in the show notes!
Connect with Tony 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.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:00:37:18
The Exhausted Landlord Hack: TurboTenant
1/14/2025
Landlord Life Hack: TurboTenant Review & Interview with Krista Ruether
Are you a real estate investor drowning in overflowing toilets and endless tenant communication? Let's be honest, sometimes landlord life feels more like a reality TV show than a lucrative business. This week, we dove deep into the world of streamlined rental management with Krista Ruether, Senior Education Content Manager at TurboTenant. Krista's insights and TurboTenant's features could be the game-changer you've been waiting for.
Krista shared a wealth of information on common landlord pain points, offering solutions that had this podcast host nodding in agreement (and maybe even shedding a single, happy tear – because who doesn't love efficient processes?).
The Three Biggest Landlord Pain Points (and How to Fix Them):
According to Krista, the biggest hurdles for landlords are:
Lack of Education:Piecemeal Systems:Treating Tenants as Adversaries:
TurboTenant: More Than Just Software
TurboTenant isn't just software; it's a comprehensive platform designed to streamline every aspect of your rental business. Key features include:
AI-Powered Lease Audits:Automated Rent Collection:Robust Communication Tools:Multi-Family Property Management:Extensive Lead Generation:Beyond the Basics:
The interview also touched on:
Managing Squatters:Staying Up-to-Date on Legal Changes:The Future of Rental Markets:Humor to Relate to:
Remember that time you had to deal with a tenant who tried to pay rent in gold bars? Yeah, we've all been there. (Though we may not have accepted gold bars, at least not yet.)
In a nutshell, TurboTenant isn't just software; it's a potential game-changer for landlords. If you're ready to streamline your processes, enhance tenant relationships, and boost your bottom line, check out TurboTenant today. You can find the link in the show notes.
Call to Action:
Visit TurboTenant.com to learn more and sign up for a free account. Let Krista and her team help you take control of your rental business! Leave your comments below - and let us know your own landlord war stories!
Watch the original VIDEO HERE!
Book a call
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Duration:00:47:14
Mastering Your Note Buying Buy Box
1/13/2025
Master Your Buy Box: The Note Guy's Guide to Note Investing Success
Happy Money Mondays, everyone! Scott Carson, The Note Guy, is back with another insightful episode, this time focusing on a crucial aspect of successful note investing: defining your buy box. Think of your buy box as your ideal note profile—the criteria that determine whether a note is worth your time and money. No more chasing every shiny object that comes your way!
Scott's approach is all about strategic focus and streamlined efficiency. He’s seen it all: the rookie mistakes, the near misses, the occasional big wins—and he's ready to share his hard-earned wisdom with you. He emphasizes that a clearly defined buy box keeps you focused on profitable deals, saves you time and energy, and boosts your overall success.
Key Elements of a Profitable Buy Box:
Active vs. Passive:ROI Targets:Geographic Focus:Asset Preferences:Legal Considerations:Humor and Relatable Moments:
Scott sprinkles his expertise with plenty of humor and relatable anecdotes, drawing on his extensive experience in the note investing world. He pokes fun at the "joker brokers" who claim to buy "everything," highlighting the importance of clearly defining your criteria for success. He also shares some cautionary tales about the pitfalls of buying vacant properties or chasing after low-yield, short-term deals.
He emphasizes the importance of avoiding "shiny object syndrome," which can lead to making emotional decisions and wasting valuable time and resources. He also cautions against unrealistic expectations and the need to balance active and passive strategies.
Actionable Steps to Creating Your Buy Box:
Self-Assessment:Market Research:Define Your Criteria:Test and Refine:Building a well-defined buy box is the foundation for successful note investing. By sticking to your criteria, you'll save time, minimize risk, and maximize your potential for profitability. Listen to Scott's podcast for more in-depth insights!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Sign up for the next Note Buying Workshop
Love the show? Subscribe, rate, review, and share!
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Join the Note Closers Show community today:
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Duration:00:44:25
How to Become A Note Investor in 2025
1/7/2025
Become a Note Investor in 2025: The Note Guy's Action Plan
Happy New Year, fellow real estate enthusiasts! This year, let's stop dreaming about building our real estate empires and start making it happen. This week on The Note Closure Show, Scott Carson, aka The Note Guy, laid out a no-nonsense roadmap for becoming a successful note investor in 2025. No more wishing, no more waiting—it’s time for action!
Scott emphasizes that note investing isn't a get-rich-quick scheme (sorry, folks, no overnight millionaires here!). It's a marathon, not a sprint, requiring patience, strategy, and a healthy dose of grit. He debunks the common misconception that wholesaling equates to note investing. Wholesaling is flipping deals for a quick profit; note investing is strategically acquiring and managing notes for long-term returns. Think of it like this: wholesaling is dating; note investing is marriage. One's a fling, the other is a commitment—and it yields far greater rewards.
Scott's Key Strategies for Note Investing Success in 2025:
Choose Your Niche:Build Your Buy Box:Master the Marketing Game:Leverage the Power of Referrals:Embrace the Marathon Mindset:
Humor and Relatable Moments:
Scott's talk was peppered with hilarious anecdotes about the challenges and rewards of note investing, including his own mistakes (like the near-decade-long foreclosure process on a badly chosen junior lien). He emphasized that learning from mistakes is part of the process. You'll also find it funny when he calls out investors for making lowball offers on notes, reminding us that aggressive bidding won't always work—sometimes, relationship-building yields better results.
The podcast also highlighted the importance of building a strong online presence. Think of it as your digital storefront. A well-designed website and a robust LinkedIn presence, along with some targeted advertising, can attract promising deals and investors alike. This is a must-have in today’s digital age.
Scott's message is clear: Stop daydreaming and start taking action! 2025 is the year to seize opportunities. Don't wait for the perfect deal or the perfect moment. Start building your note-investing strategy today, and make this your most successful year yet!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
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Join the Note Closers Show community today:
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Duration:00:45:16
Unlock Financial Freedom: Zero-Based Budgeting with Zach Whelchel
12/18/2024
From Paycheck to Paycheck to Property Portfolio: A Budget Coach's Secrets
Let’s face it, real estate investing is a rollercoaster. One minute you're riding high on a successful flip, the next you're grappling with a leaky roof (and a two-year-old who mysteriously clogged the sink, resulting in a ceiling renovation). But amidst the excitement and occasional plumbing nightmares, there's one constant that can make or break your success: your budget. This week, we had Zach Wechel, founder of MyBudgetCoach.com, on the show, and he shared some seriously savvy strategies. Forget the mental math and guesswork; Zach advocates for zero-based budgeting, a game-changer for anyone aiming to build wealth, whether it's in real estate or beyond.
Zach's journey started unexpectedly—two kids and a pandemic created an urgent need for a budget. What followed was not only a transformed family life but a passion project that's helping countless others gain control of their finances. He emphasizes that budgeting isn't just about restricting spending; it's about intentionally allocating every dollar. Think of it as assigning each dollar a job before it even leaves your account. No more mysterious disappearances into the void of "miscellaneous spending"!
Key Takeaways from Zach's Budget Wisdom:
Zero-Based Budgeting:The "Living Document" Budget:The Power of Planning:Embrace the "Buckets":The Accountability Partner (a Coach):
Get Signed Up For MyBudgetCoach.com 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.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:00:49:32
Beyond the Algorithm: Building Your Real Estate Brand on LinkedIn with Anthony Jones
12/16/2024
LinkedIn for Real Estate: Anthony Jones's Secrets to Success
In today's digital age, a strong online presence is crucial for real estate investors. But with so many social media platforms vying for your attention, where should you focus your efforts? Today's podcast features Anthony Jones, a LinkedIn expert with over 20 years of experience, who shares his insights on leveraging LinkedIn for real estate success. He's not just talking about posting random updates; he's sharing strategies for building a powerful personal brand and generating consistent deal flow.
Anthony's journey started unexpectedly in the non-profit world, where he discovered the power of LinkedIn for fundraising. But he quickly realized its potential for business growth, transforming it into a primary lead generation tool. He jokingly refers to his initial LinkedIn experience as "learning by doing," a testament to the power of experimentation and the iterative process of building a successful online presence.
Anthony's advice focuses on using LinkedIn for relationship-building, brand building, and consistent engagement, rather than just for cold outreach or sales pitches.
Here are five key takeaways from his insights:
Professionalism Trumps Gimmicks: Forget the flashy videos and dance moves. On LinkedIn, a professional approach resonates best. Focus on providing valuable content and engaging authentically with your network.Master Short-Form Video: Short videos are hugely effective for gaining visibility on LinkedIn. Using AI tools can streamline the process, making content creation easier and more efficient. This also helps to cut through the noise of the everyday feed.Go Live Regularly: LinkedIn Live streams are a powerful tool for building relationships and generating leads. Use a co-host to keep things flowing smoothly, and don't forget to repurpose the content into shorter video clips for your feed.Leverage LinkedIn Newsletters: Newsletters can significantly expand your reach. Make sure your first newsletter is compelling and well-written, maximizing LinkedIn's automatic promotion to your contacts.Optimize Your Profile: Craft a compelling “About” section that focuses on your ideal client's pain points and includes a clear call to action. Also, make sure your profile picture and header image are up-to-date and visually appealing.
Anthony's expertise extends beyond simply using LinkedIn; he provides coaching and resources for those seeking to build their personal brands, create content, and leverage LinkedIn effectively. He recently launched the Brandwagon Club, an online community dedicated to helping real estate professionals master LinkedIn. Remember, building a strong personal brand takes time and effort, but the rewards are worth it. It's not just about closing deals; it's about building long-term relationships and establishing yourself as a trusted expert in your field.
You can connect with Anthony Jones on LinkedIn and through his Brandwagon Club. Remember, building a successful real estate business involves more than just finding deals. It also requires strategic marketing, consistent engagement, and a commitment to building your personal brand. Until next time, happy investing!
Watch the original VIDEO HERE!
Connect with Anthony 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.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:00:50:12
Unlock Your Millionaire Mindset: Financial Strategies from Derek Kinney
12/11/2024
Today's podcast features Derek Kinney, author of Good Money Revolution, and a financial expert who helps people transition from middle-class comfort to millionaire status. His approach isn't about complicated financial jargon or get-rich-quick schemes; it's about a simple, five-step plan that helps you identify what you want and take actionable steps to achieve it.
Derek's story is a testament to the power of mindset and intentional action. He wasn't born into wealth, but he achieved financial freedom through dedication and a clear vision. He compares the financial world to a vault; most people believe only a select few know the combination, but Derek's mission is to share the "combination" so that anyone can access the secrets to financial success.
Here are five key takeaways from Derek's advice:
Identify Your Goals: Write down three personal and three financial goals, then specify what you’ll lose if you don’t achieve them. Visualizing both positive outcomes and the negative consequences is a powerful motivator. (And yes, this includes having that extra latte every day. Let’s be real, it’s part of the dream!)Earn What You Deserve: Don’t just settle for what you’re currently making. Identify ways to increase your value at your current job by taking on more responsibility, improving efficiency, or providing more value. Remember, the more value you bring, the more you'll earn.Launch a Side Hustle: Leverage your skills and talents to create a side hustle. What are you good at? What do people constantly ask you for help with? Turn that skill or passion into a profitable business.Give Back: Linking your financial goals to a charitable cause provides motivation and adds more meaning to your work. Helping others can lead to stronger relationships and enhance your own sense of fulfillment. (And yes, there is also tax benefits to consider!).Celebrate and Reward Yourself: Celebrate your successes, big or small. This keeps you motivated and helps you build momentum. Don't beat yourself up over setbacks. Learn from your mistakes, adjust your strategy, and move forward.
Derek’s "Millionaire Money Map" provides a simple yet powerful framework for achieving financial freedom. This approach emphasizes the importance of setting clear goals, taking consistent action, and having fun along the way.
You can find Derek Kinney's book, Good Money Revolution, and more information on his website, AnyoneCanBecomeAMillionaire.com. He’s also active on Instagram (@DerekTKinney). Remember, achieving financial success isn't about luck or complicated financial schemes; it's about intentionality, consistency, and the willingness to help others. Good luck, and happy investing!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
About Derrick Kinney:
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Duration:00:50:21
13 Must Ask Questions About Wholesaling Notes
12/9/2024
Wholesaling notes can be a lucrative strategy for real estate investors, offering a path to quick profits and building valuable experience. But, like any business venture, it requires knowledge, strategy, and a dash of good old-fashioned hustle. Today's podcast dives into the thirteen critical questions you should always ask yourself before diving into a note wholesaling deal. Skipping these steps could mean losing time, money and potentially your sanity (which, as any seasoned entrepreneur knows, is a precious resource).
Think of it this way: you wouldn't walk into a high-stakes poker game without knowing the rules, would you? Similarly, approaching note wholesaling without a solid understanding of the deal can lead to costly mistakes. To avoid that, let’s go through the thirteen questions that you should always ask yourself before buying a note:
Know Your Pricing: Before you even consider sending out offers, you should know your pricing strategy and ideal profit margins. A buyer who can’t confidently state a fair market price is setting themselves up for failure. Don't be that guy (or gal).Determine Who's in Control: Who really controls the deal? If the note information comes from a friend-of-a-friend, you likely aren't the one in control. A deal where you are directly involved with the seller gives you the most control and reduces potential headaches.Understand the Deal: Make sure the deal itself is actually profitable. You should confidently understand the asset's value, potential cash flow, and potential profit margins in a range of scenarios (e.g. successful re-performance versus foreclosure). A deal that isn’t profitable for you isn't a deal at all.Determine Who Are The Best Buyers: Knowing your target buyers ensures effective marketing efforts. Understanding their needs will help you find the perfect buyer for your notes. Are you going after passive investors or aggressive flippers? This will define your marketing strategy and timing.Timing is Everything: Negotiating a deal requires understanding timelines. Consider funding deadlines, due diligence periods, and seller motivations when determining whether the deal is right for you.
The remaining eight questions cover equally important aspects: Are you direct to the seller or working with another broker? What is the overall profit margin? What are the pros and cons? Do you have a buyer's list (and are you using it properly)? How are you marketing the deal? Where are your buyers located? And, finally, would you actually buy the deal and what's stopping you? If you can't answer this last question, move on. Your time is precious.
Remember, note wholesaling is a numbers game—but the numbers need to be accurate. By asking these 13 key questions, you'll significantly increase your chances of finding profitable deals and avoiding costly mistakes. It's a process that requires constant education, attention to detail, and the willingness to learn from both your successes and your mistakes. Happy investing!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Sign up for the next Note Buying Workshop HERE!
Love the show? Subscribe, rate, review, and share!
Here’s How »
Join the Note Closers Show community today:
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Duration:00:42:52
Uncovering Multifamily Syndication Fraud with Barry Minkow
12/5/2024
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.
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Duration:00:55:16
From CPA to Real Estate Rockstar: Katherine Langevin's Journey
12/4/2024
From CPA to Real Estate Rockstar: Katherine Langevin's Journey
Today's podcast features Katherine Langevin – a retired CPA who traded spreadsheets for a life of real estate investing. Kat’s story is a refreshing example that even the most buttoned-up professions can successfully transition into entrepreneurship. It proves that anyone can learn, adapt, and achieve financial freedom through real estate.
Kat’s journey isn’t without its bumps and unexpected turns. Think of it as navigating a construction zone blindfolded while juggling flaming torches (okay, maybe not that crazy, but real estate investing has its share of unexpected moments). One particularly memorable challenge: her first foray into new builds, which involved the unexpected soft cost of installing new utility meters. ("Who knew a simple meter could cost so much?" she laughs.)
Kat shares her insights, including the creative financing strategies she employed during her first real estate deal. She acquired three duplexes at once, a move that may sound audacious to many. To help pay for these properties, she utilized creative financing strategies including securing hard money loans, personal loans, and involving her father as a silent partner. The result? She was leveraged, stressed, and ready to move on.
Here are some key takeaways from our discussion with Kat:
Start Small, Start Bold: Kat started by buying three duplexes at once—a risky but rewarding move. While she acknowledges the stress of high leverage, she emphasizes the importance of taking that leap of faith.Embrace Creative Financing: Kat's initial success was fueled by creative financing strategies. Don’t limit yourself; explore all available avenues and use creative solutions to make deals work.Focus on Affordability Markets: Kat focuses on affordable housing markets, specifically targeting Section 8 properties in Georgia. She's carved out a successful niche by understanding the local dynamics.Leverage Relationships: Kat uses her existing network in property management and personal connections to secure lower-cost labor, speeding up her rehab projects and maximizing profits.Give Back and Enjoy the Ride: Kat is building a community called the "FI Tribe," which aims to help other real estate investors, especially women, by sharing their expertise and experiences.
Kat’s story is a reminder that success takes time and planning, but also embraces risk and learning along the way. Don’t let perfectionism paralyze you; instead, focus on taking action and learning from your mistakes. The world of real estate is ever-evolving; stay curious, adapt to the changes, and connect with other investors who can share knowledge and support you in your journey. The right connections can accelerate your learning and enhance your success. For those interested in connecting with Kat or following her journey, find her on Instagram @kat.invest and her blog at beyondjustnumbers.com. We'll make sure those links are also in the show notes.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
About Katherine:
Kat is a retired CPA and full-time real estate investor. She began building her own portfolio in 2019, and after three years, left her corporate accounting job to dedicate herself fully to real estate, now managing her properties and projects alongside her team. Passionate about supporting new investors, Kat shares her knowledge through her blog, social media, and coaching group. In her free time, she enjoys hiking, traveling, and spending quality time with her baby and family.
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Duration:00:46:32
End-of-Year Real Estate Strategy: 10 Must-Do Tasks Before 2025
12/3/2024
The year's winding down faster than a foreclosure auction in Texas! We're knee-deep in holiday cheer (and maybe a few too many pumpkin spice lattes), but let's not let the holiday spirit distract us from setting ourselves up for a wildly successful 2025. This week, I'm sharing my end-of-year checklist to make sure you're not caught napping when the new year rolls around.
Let’s be honest, sometimes planning for the future feels about as fun as filing your taxes (and about as relaxing as a root canal). But if you take a little time now to prepare, you'll thank yourself later when your business is thriving. Think of it as pre-gaming for your next financial victory — you wouldn't show up to a major real estate deal unprepared, would you?
Here’s my action plan – a mix of strategic moves and tactical tweaks to keep your business running smoothly. I’ve broken it down into ten tasks that should be done, no questions asked:
Max Out Your IRA: Think of this as putting some serious money in the bank before January 1st. Yes, I know, taxes. But this helps you hit those investment goals a little sooner.
Network, Network, Network: Yes, it's the same tired advice, but it still works. Connect with asset managers, IRA investors, and fellow real estate peeps before they hit the ground running in the new year. Don’t let holiday cookies and eggnog keep you from closing those deals.
Update Your Online Presence: This means your website, your LinkedIn profile, basically everything that represents you in the digital world. You're basically upgrading your online storefront; let’s make sure it’s optimized and visually appealing to attract potential clients.
Start Planning for OPM (Other People's Money): You have a head-start now to start securing funding for your next ventures. That means mapping out potential funding sources, whether that's through IRA investors or other avenues.
Contact Asset Managers: Start reaching out to asset managers now. They often unload assets at year's end, providing you with incredible opportunities.
The rest of my checklist involves reviewing past year's goals, updating your marketing calendar, refining your pitch decks, reviewing expenses, and, finally, celebrating your wins.
This isn’t just about hitting numbers; it's about building a solid foundation for continued growth. Just like building a strong real estate portfolio requires planning, patience, and the right approach, building a thriving business necessitates consistent review and optimization.
Remember, this isn't some theoretical exercise. We’re talking about real-world strategies. Taking these steps now will save you time, stress, and maybe even a few headaches in the new year.
The new year is just around the corner; take control of your success by putting in the work today. I can't wait to see what you all accomplish in the coming year. Until next time, happy investing!
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Duration:00:39:06
Mastering the Bid: How to Submit Winning Offers on Notes
11/25/2024
The holidays are approaching, but for note investors, the hustle continues! Scott Carson of the Note Closers Show shares essential tips for submitting bids efficiently and effectively. In this episode, Scott emphasizes the importance of clear communication, streamlined processes, and avoiding common pitfalls.
This isn't a deep dive into the math of note investing; it's a practical guide on presenting your offers in a way that ensures they get noticed (and accepted!). Scott focuses on the nuances of crafting compelling bids for different scenarios, from one-off deals with individual sellers to mass submissions to larger entities like hedge funds.
He emphasizes the importance of creating clean, concise spreadsheets. Think of your bids as a well-organized gift — the recipient will appreciate the thoughtfulness and be more inclined to open it (and make an offer!). He jokingly warns against the common mistake of embedding massive spreadsheets into emails, stressing the importance of clear communication and easy-to-read formats. He recommends naming spreadsheets clearly and including relevant details such as the date and the number of assets included.
Five Key Takeaways for Submitting Winning Bids:
Keep it Clean: Create a streamlined spreadsheet; only include the assets you're bidding on and the relevant information (loan number, address, and your bid).Clear Naming Conventions: Name your spreadsheets clearly to avoid confusion—e.g., "WCN Bids, 278 NPNs, 11/25/24."Respect the Recipient's Time: Make it easy for asset managers and others to review your bids. Clear formatting is crucial.Know Your Audience: Tailor your approach based on who you're submitting to — individual investors vs. hedge funds have different expectations.Due Diligence is Key: Always perform thorough due diligence before submitting any bid, especially when dealing with unfamiliar sellers.
Scott illustrates his points with real-life examples, including a hilarious anecdote about a seller who attempted to fraudulently use his company's name to make offers. This cautionary tale highlights the necessity of verifying details and ensuring authenticity, not only for ethical reasons but also to safeguard against potential legal issues.
The episode also tackles the question of providing proof of funds. While not always necessary, Scott explains that it may be advisable when dealing with new sellers or asset managers. It’s a great reminder to always be prepared to present your financial capacity when needed.
He offers crucial guidance on navigating the complexities of submitting bids, emphasizing the need for clear communication, efficient organization, and awareness of different processes. The episode concludes with tips for maximizing your chances of securing winning bids, making it a valuable resource for both novice and experienced note investors.
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Duration:00:20:30
Conquering Your Financial Fears with Cindy Lundberg
11/25/2024
Conquer Your Financial Fears: Insights from Cindy Lundberg
Are you a woman navigating the world of finance? Feeling overwhelmed, underprepared, or just plain scared? You’re not alone! In this empowering interview on the Note Closers Show, Cindy Lundberg, a financial advisor and marketing director at Verde Capital Management, shares her invaluable insights on how to take control of your finances.
Cindy's journey is anything but ordinary. Starting with a mission to help “thousandaires” become millionaires (yes, that's a word now!), she's discovered that true financial success comes from aligning your money with your life's goals – what she calls "life fulfillment."
Cindy doesn't sugarcoat the common financial anxieties faced by women. She candidly discusses the myths surrounding running out of money, geopolitical instability wiping out savings, and the general feeling of being overwhelmed by financial complexities. Her witty and relatable style makes these often-intimidating subjects surprisingly accessible.
One of her most impactful points? The power of asking. Whether it's negotiating a raise, securing a better deal, or simply understanding your financial situation, Cindy emphasizes that you can't get what you don't ask for. This is empowering advice, delivered with the kind of playful confidence that encourages listeners to step outside their comfort zone.
She also debunks the myth that financial expertise is limited to the "pale, male, and stale" stereotype prevalent in the industry. In fact, she highlights the substantial financial power held by women, while pointing out that women are often underserved by traditional financial models. This creates a crucial discussion about the need for tailored financial strategies that address the unique experiences and aspirations of women.
Five Key Takeaways from Cindy's Interview:
Life Fulfillment over Money: Focus on aligning your financial goals with what truly matters to you. Forget chasing an arbitrary number; focus on the life you want to live.Ask for More: Don't underestimate your worth. Negotiate for raises, better deals, and the financial services you need. The worst they can say is no.Embrace Technology: Utilize online tools and technology to make financial management easier and more efficient.Outsource Wisely: Free up time and energy by outsourcing tasks like cleaning, allowing you to focus on high-value activities.Prioritize an Emergency Fund: Building a 3-6 month emergency fund can alleviate significant financial stress.
Beyond individual strategies, Cindy discusses the importance of open communication with partners, recommending monthly financial check-ins and finding a financial advisor who can speak to both parties. The episode also highlights unique options like medical cost sharing and direct primary care, illustrating that there's more to healthcare and financial planning than traditional insurance models.
The interview concludes with a discussion of estate planning and the innovative solutions Verde Capital Management uses to make this process easy and accessible. It’s a conversation brimming with practical advice, empowering stories, and a good dose of humor—the perfect combination to help you navigate the sometimes-scary world of finance.
Connect with Cindy HERE!
Watch the Original Video HERE!
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Duration:00:46:11
Where Are Property Taxes Rising The Most?
11/21/2024
Property Tax Panic! Where Are Taxes Exploding (and Should You Even Care)?
Hey real estate investors! Let's talk about the elephant in the room – property taxes! They're rising across the country, and it's not just a little creep; we're talking full-blown explosions in some areas. In this episode of The NoteCloser Show, we're diving headfirst into the data to uncover where property taxes are skyrocketing (and why you should probably care). Grab your coffee (and maybe a stiff drink – we're talking about taxes, after all!), because this one's a wild ride!
This episode isn't just a dry recitation of facts and figures; it's a deep dive into the reasons behind the surge in property taxes. From the aftermath of natural disasters to the impact of booming populations and soaring inflation, we unpack the complex forces pushing property taxes through the roof in many areas.
Key takeaways from the discussion:
Texas Leads the Taxpocalypse (But Not Alone!): Our deep dive into Redfin’s data reveals some eye-popping numbers. Texas takes the crown for the highest percentage increase in property taxes, but Florida, Indiana, and other states are hot on its heels. Prepare for some serious sticker shock when you look at some of the areas. HERE IS THE FULL ARTICLE AND MAPWhere Are Taxes Rising the Fastest? We explore the top five metro areas with the most significant increases in median monthly housing payments (hint: Indianapolis and Atlanta top the list with increases of over 100% since 2019). Get ready to be amazed and a bit terrified of those increases.The Florida Factor: We delve into the reasons for Florida's explosive tax increases, covering natural disasters, population booms, and the impact of rising home prices and HOA insurance costs. This is not just a Florida problem, as these are all contributing factors to increased taxes elsewhere, especially in states with no state income tax.Digging Deeper Than the Headlines: We go beyond the simple percentage increases, examining the effective tax rates and the relationship between property tax increases and home price appreciation. You'll learn how to separate the hype from the reality.Strategic Planning: The show isn’t just about doom and gloom; we’ll discuss strategic planning tips for dealing with rising property taxes. This includes understanding how your investment goals and strategies might be affected by the ever-changing tax landscape and identifying market trends.
Beyond the Numbers:
This episode is less about fear-mongering and more about informed decision-making. We're arming you with the knowledge you need to navigate the challenges of rising property taxes and make sound investment choices. We tackle everything from effective tax rates to the impact of natural disasters, providing a comprehensive look at the current situation and helping you plan for the future.
Take Action!
Want to see exactly where property taxes are skyrocketing? We share Redfin’s interactive map in the description below. Don't get caught off guard – plan for this now!
CLICK HERE TO CHECK OUT THE TAX MAP
This podcast episode is crucial listening for any real estate investor. The discussion provides actionable insights that can help you make better decisions, stay ahead of the curve, and protect your investment from rising property taxes. What are your biggest concerns regarding property taxes? Let us know in the comments!
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Duration:00:21:11
Raising Money-Smart Kids: Lessons from Dr. Julia Myers
11/21/2024
Are you ready to ditch the money shame and raise kids who are financially savvy and confident? Then grab your coffee (or wine, let’s be honest), because this is a must-read! We had the pleasure of interviewing Dr. Julia Myers, a pharmacist, healthcare executive, and a mom of FIVE, who’s on a mission to empower families with generational wisdom—financial wisdom, that is.
Dr. Myers’ story isn't your typical “I had it all figured out from day one” narrative. She struggled with a lackluster financial education growing up, and a health crisis unexpectedly changed the course of her career. This event became her “aha moment,” the launching pad for her mission to teach kids (and parents!) about money.
Dr. Myers stresses that teaching kids about money isn’t just about handing them allowance. It’s about creating a culture of financial wellness that integrates seamlessly into family life. Her approach is less about strict budgeting and more about building a solid financial foundation through open communication, shared experiences, and playful learning.
She reminds us that the old notions of "the American Dream"—a house, a job, and a pension—no longer apply in the fast-paced world of millennials, Gen Z, and Gen Alpha. Today's world is all about adaptability and embracing the power of multiple income streams. Dr. Myers encourages parents to help their children cultivate the same entrepreneurial spirit that they need to navigate this new financial landscape.
Five Key Takeaways from Dr. Myers' Interview:
Start Early: It's never too early to start teaching your kids about money. Even young children can grasp basic financial concepts.Open Communication: Make money a regular topic of conversation within your family. Break the taboo!Gamify the Learning: Leverage apps and fun activities to make learning about money engaging and less intimidating.Digital First, Then Physical: Introduce kids to digital financial tools early. Yes, the digital world is scary, but it's also unavoidable.Teach Values over Budgeting: Focus on building your family's financial values before delving into strict budgets.
Dr. Myers’ own journey is punctuated with humorous anecdotes—from her kids' hilarious encounters with cash-only laundromats to their surprisingly savvy approach to budgeting for their first car. These stories illustrate the importance of empowering kids to learn from their own experiences, even the mistakes.
She's a strong advocate for teaching kids to pursue their passions, even if that means juggling multiple income streams, side hustles, or even skipping the traditional college route. The emphasis is on return on investment (ROI) of their education—a timely reminder for any parent facing the daunting costs of college.
Dr. Myers also shares valuable resources, including her own website and the DinnerTable.com community, designed to bring families together for supportive discussions on family finances. Whether you are struggling with basic budgeting or navigating complex investment strategies, Dr. Myers encourages you to redefine your own money story and share it with your children.
Watch the original VIDEO HERE!
Connect with Dr. Julia Myers HERE!
Join Dr. Julia's Newsletter HERE!
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Duration:00:51:25
Previewing a Tape of 278 Nonperforming Notes
11/19/2024
Hey note ninjas! Ready to dive headfirst into the wild world of distressed assets? Join us for this Money Monday podcast episode where we dissect a juicy batch of tapes, uncover hidden gems (and a few Florida swamp monsters), and strategize our next moves. Grab your coffee (or maybe a Starbucks, if you're feeling fancy!), because this one's a rollercoaster!
This Money Monday is all about the thrill of the hunt. We’re wading through a treasure trove of notes – 284 to be exact (that’s a LOT of spreadsheets!) – and we’re sharing our secrets to sorting the wheat from the chaff (or, you know, the good notes from the ones headed straight for foreclosure). We've got a special focus on reverse mortgages – those sneaky little deals where the payments are often, shall we say, unconventional. Think dollar payments: Yep, you heard right. One dollar.
Main Points Covered:
Reverse Mortgage Mania: We break down the telltale signs of a reverse mortgage (hint: look at those P&I payments!). Learn how to spot them a mile away, and how to navigate the potential pitfalls and profits. Florida, with its sunshine and…unique reverse mortgage situations, takes center stage.Location, Location, Location (But Seriously, Avoid Chicago!): We're not shy about sharing our opinions on the best (and worst!) states for note investing. Illinois and New York are getting the boot—trust us, you don’t want to tango with Chicago's real estate drama. However, Florida and some other states are good places to focus your attention.Spreadsheet Shenanigans: Get ready to unleash your inner Excel warrior. We walk you through analyzing a spreadsheet with more columns than you can shake a stick at—loan numbers, master IDs, delinquent statuses, bankruptcy filings, and more. Prepare to become a spreadsheet superhero.Equity Exploration: The holy grail of note investing? Equity! We'll show you how to calculate it, spot those hidden gems with positive equity, and formulate a winning offer. Get ready to uncover some seriously sweet deals.The Heirs’ Dilemma and Other Foreclosure Fun: Sometimes, the borrowers in reverse mortgages are…gone. We delve into the sometimes crazy world of dealing with heirs and navigating the complexities of foreclosure – and yes, we’ll even touch on the occasional Ouija board joke.
Beyond the Spreadsheets:
We talk strategy. What are your investing goals? Cash flow? Quick flips? We unpack diverse investor goals and strategies, showing how to tailor your approach to your personal financial ambitions. We even tackle HOA issues and those pesky hurricanes that can really shake things up.
More Than Just Numbers:
This isn't just a dry run-through of data. We sprinkle in plenty of humor, real-life anecdotes, and our tried-and-true investing wisdom. It's a fast-paced, informative, and, dare we say, entertaining episode.
Don't Miss Out!
Want a deeper dive? Join us for Note Night in America, where we'll explore these tapes even further! And don't forget to subscribe and hit that notification bell so you don't miss out on future episodes.
This is one podcast you won't want to miss. It's filled with enough spreadsheet wisdom and investment insights to make your head spin (in a good way, we promise!). Let us know your questions in the comments. Until next time, happy investing!
LISTEN TO THE FULL BREAKDOWN ON NOTE NIGHT IN AMERICA HERE!
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Duration:01:21:57
Military FIRE (Financial Independence, Retire Early) with Doug Nordman
11/12/2024
Ready to Dive into Financial Independence? A Hang 10 with Doug Nordman!
This episode of The NoteClosure Show is totally rad, dudes and dudettes! We're hanging ten with Doug Nordman, a retired Navy submariner who's not only achieved financial independence but also manages to squeeze in daily surf sessions. Seriously, this guy's life is the ultimate blend of discipline, smart investing, and catching some serious waves. Forget the boring old retirement – Doug's showing us how to live the dream!
This isn't your grandpappy's finance podcast. We're deep-diving into practical strategies, sharing actionable tips, and even dropping some military slang (because, why not?). Get ready to become a financial SEAL team and master the art of wealth building!
Here's the lowdown on what we covered:
From Submarines to Surfing (and Financial Freedom): Doug shares his incredible journey from active duty in the U.S. Navy Submarine Force to achieving financial independence at age 41. He's proof that even with the often-chaotic life of a military member, financial freedom is totally attainable! (Hint: High savings rate and not spending a lot of money at sea was key!)
The Power of Planning (and a Healthy Transition Fund): Doug stresses the importance of a strategic exit plan from active duty, similar to a well-executed military operation, including a hefty transition fund. This isn't about waiting until retirement to start thinking about it; it's about having a solid plan from day one! This will keep your finances from ending up sleeping under a highway overpass!
Sweat Equity and Smart Investing: Doug and his wife built wealth not just through high savings but also through smart home improvements and investing during periods of market downturn. They utilized the strategy of finding a property in need of some TLC, putting in sweat equity, and patiently waiting for the market to appreciate their value. Think of it as a home improvement project and a long-term investment, all rolled into one!
The "Millionaire Next Door" Approach: Doug discusses the importance of mindful spending and living a life aligned with your values. He emphasizes building wealth without following the Joneses, a concept explored in the book, Millionaire Next Door, which he highly recommends. (Forget the shiny new pickup truck; consider a slightly used, reliable one to save your cash for surfing!)
Legacy Planning and Family: Doug's discussion about his legacy planning shows how important it is to consider how your wealth will support family and friends. He shares practical guidance on sharing the wealth with loved ones and building a solid foundation for the next generation!
Bonus points: We'll be mentioning some awesome books and resources that Doug has mentioned in the episode. So if you're looking to boost your financial knowledge and live the dream, stay tuned to the end! Plus, we'll drop some links to Doug's website and social media. This way, you can connect with him directly and ask your burning financial questions!
Don't miss out on this action-packed episode. Hit that subscribe button and let's ride the wave to financial freedom!
CONNECT WITH DOUG HERE!
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Duration:00:47:54
7 Secrets to Creating an Unfair Advantage with Damon Remy
11/8/2024
Unlock Your Real Estate Investing Potential with Damon Ramey & REI Blackbook
Join Scott Carson on The NoteCloser Show as he welcomes Damon Ramey, a real estate investment expert and the mastermind behind REI Blackbook. This insightful episode delves deep into the strategies and tools that can transform your real estate investing journey. Damon, a passionate advocate for simplifying financial freedom, shares his extensive experience and wisdom, offering actionable advice for both seasoned investors and those just starting out.
This episode isn't just about software; it's about building a robust, efficient system to support your goals. Damon reveals a treasure map of systems, emphasizing that a well-oiled system is the engine for success. He dismantles the common pitfalls of disjointed tools and manual processes, highlighting the power of integration and automation.
Key Takeaways:
Clarify Your Vision: Define your "why" and let that purpose fuel your real estate endeavors. Damon emphasizes that financial freedom is achieved through clarity and purpose-driven action. He shares a powerful cancellation letter illustrating how his clients achieve this freedom.Automate Lead Tracking and Follow-up: Avoid relying on your cell phone for marketing; utilize a system to manage leads efficiently, track sources, and automate follow-up sequences. This allows you to see where your marketing investments are yielding the best return.Analyze Deals Quickly: Utilize the power of REI Blackbook’s intuitive deal analysis tools to quickly assess the viability of potential investments. This saves valuable time and ensures informed decision-making.Implement a Smart System: Avoid disjointed tools and workflows. REI Blackbook offers an integrated platform to manage leads, contacts, communications, and deal analysis, creating a streamlined and efficient workflow.Embrace the Power of Follow-Up: Consistent follow-up is key to closing deals. Damon shares strategies for effective communication and persistent follow-up, emphasizing that 80% of sales happen after the fifth contact.Leverage the REI Blackbook Platform: REI Blackbook provides the necessary tools for lead generation, lead tracking, deal analysis, and communication management, allowing you to manage your entire real estate investing system within one platform.
This episode concludes with a special offer: For a limited time, you can access REI Blackbook for just $1 and receive a 14-day trial, plus a free vision-building workshop.
SIGN UP FOR REI BLACKBOOK HERE!
Ready to elevate your real estate investing game? Click the link below to learn more and take advantage of this incredible offer! Don't miss out on this opportunity to transform your business and start down the path to achieving financial freedom.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
About Damon Remy:
As the brains and heart behind REI BlackBook, Damon's total focus is on doing it better, dreaming it bigger, building for the future, listening to the REI BlackBook community needs, and ensuring the BlackBook team understands the company mission and purpose so their hearts, as well as their minds, are engaged every day. Damon is an exuberant father to his 4 kids Dallas, Kenna, Mya and Dax (which includes coaching them in basketball in his spare time,) and one heck of a singer (who landed his wife, Jackie, with a karaoke song,) Damon believes that helping others succeed is the best way to spend your time.
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