Episodes

  • Mastering the Bid: How to Submit Winning Offers on Notes

    Mastering the Bid: How to Submit Winning Offers on Notes
    Nov 26 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.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
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    21 mins
  • Conquering Your Financial Fears with Cindy Lundberg

    Conquering Your Financial Fears with Cindy Lundberg
    Nov 25 2024
    Conquer Your Financial Fears: Insights from Cindy LundbergAre 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!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
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    46 mins
  • Where Are Property Taxes Rising The Most?

    Where Are Property Taxes Rising The Most?
    Nov 22 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 MAPThis 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!Subscribe and hit that notification bell so you don’t miss our next episode!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
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    21 mins
  • Raising Money-Smart Kids: Lessons from Dr. Julia Myers

    Raising Money-Smart Kids: Lessons from Dr. Julia Myers
    Nov 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!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
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    51 mins
  • Previewing a Tape of 278 Nonperforming Notes

    Previewing a Tape of 278 Nonperforming Notes
    Nov 20 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!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
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    1 hr and 22 mins
  • Military FIRE (Financial Independence, Retire Early) with Doug Nordman

    Military FIRE (Financial Independence, Retire Early) with Doug Nordman
    Nov 13 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!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
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    48 mins
  • 7 Secrets to Creating an Unfair Advantage with Damon Remy

    7 Secrets to Creating an Unfair Advantage with Damon Remy
    Nov 8 2024
    Unlock Your Real Estate Investing Potential with Damon Ramey & REI BlackbookJoin 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.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
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    56 mins
  • The United States of Debt - Best & Worst Metros for Nonmortgage Debt

    The United States of Debt - Best & Worst Metros for Nonmortgage Debt
    Nov 7 2024
    The Hidden Debt Draining Americans' Dreams

    If you're feeling overwhelmed by nonmortgage debt and struggling to keep up with your financial goals, then you are not alone! Are you tired of feeling like you're drowning in debt and not making any progress? Maybe you've been trying to cut back on spending or increase your income, but nothing seems to be working. It's frustrating, isn't it? Let's dive into the best and worst cities for nonmortgage debt to understand how regional patterns could be impacting your financial situation based on a recent article by LendingTree.com.


    READ THE ORIGINAL ARTICLE HERE!


    In this episode, you will be able to:

    • Discover the surprising non-mortgage debt trends in US metros.
    • Uncover the impact of consumer debt on the American dream.
    • Explore eye-opening statistics on auto loan debt in cities across the US.
    • Compare the staggering realities of student loans and credit card debt.
    • Evaluate the Top 50 Metros and compare how you rank vs your average neighbor.
    • Find out which cities rank as the best and worst for non-mortgage debt.


    Watch the original VIDEO HERE!


    Book a call with SCOTT HERE!


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

    • Here’s How »


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    • Scott Carson LinkedIn
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    22 mins