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<description>&lt;p&gt;Hey Note Closers! Scott Carson here, diving into the essential topic of common sense underwriting. This episode is all about avoiding the pitfalls that can turn a seemingly great deal into a costly mistake. We're going beyond the spreadsheets and ROI calculators to focus on practical, real-world due diligence.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="color: inherit;"&gt;Key Takeaways:&lt;/span&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;The Importance of Loan-Level Bids:&lt;/span&gt; Don't fall for the "percentage across the board" approach. Insist on loan-level bids to accurately assess the value of each asset.&lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;Don't Be an A-Hole:&lt;/span&gt; Treat sellers with respect and professionalism. Submitting unrealistic offers or failing to follow instructions will damage your reputation.&lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;Know Your Market:&lt;/span&gt; Don't bid on assets in areas you don't understand or wouldn't want to own. Focus on markets with a decent population and available resources.&lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;Don't Fall in Love with the Property:&lt;/span&gt; Take the emotion out of the equation. Focus on the numbers and the potential for profit, not the aesthetics of the property.&lt;/li&gt;&lt;li&gt;&lt;span style="color: inherit;"&gt;Look Beyond the Numbers:&lt;/span&gt; Don't rely solely on spreadsheets. Consider factors like the condition of the property, the borrower's history, and potential legal issues.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="color: inherit;"&gt;Actionable Advice:&lt;/span&gt;&lt;/p&gt;&lt;p&gt;This episode is packed with actionable advice to help you make smarter investment decisions. We'll discuss:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;How to assess the value of a note beyond the numbers&lt;/li&gt;&lt;li&gt;How to identify potential red flags&lt;/li&gt;&lt;li&gt;How to build a strong team of professionals to support your due diligence efforts&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;span style="color: inherit;"&gt;Resources:&lt;/span&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;Order your O&amp;amp;E Due Diligence HERE: &lt;a href="https://snip.ly/NewTitleSearch" rel="noopener noreferrer" target="_blank"&gt;https://snip.ly/NewTitleSearch&lt;/a&gt;&lt;/li&gt;&lt;li&gt;Order your BPO Orders HERE: &lt;a href="https://snip.ly/NewBPOForm" rel="noopener noreferrer" target="_blank"&gt;https://snip.ly/NewBPOForm&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;span style="color: inherit;"&gt;Don't let a lack of common sense derail your note investing success!&lt;/span&gt; Listen now to learn how to avoid costly mistakes and maximize your returns.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://youtube.com/live/bJrkOMHlkP4" rel="noopener noreferrer" target="_blank"&gt;Watch the original VIDEO HERE!&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank"&gt;Book a call with SCOTT HERE!&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Love the show?&lt;/strong&gt;&amp;nbsp;Subscribe, rate, review, and share!&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;Here’s How »&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Join the Note Closers Show community today:&lt;/strong&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;WeCloseNotes.com&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Facebook&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Twitter&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;Scott Carson LinkedIn&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show YouTube&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Vimeo&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Instagram&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;We Close Notes Pinterest&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://snip.ly/WCNCrewAd" rel="noopener noreferrer" target="_blank"&gt;Get Signed Up For the WCN Membership HERE!&lt;/a&gt;&lt;/p&gt;</description>

The Note Closers Show Podcast

Scott Carson

Common Sense Underwriting: Avoid Note Investing Disasters!

MAR 27, 202532 MIN
The Note Closers Show Podcast

Common Sense Underwriting: Avoid Note Investing Disasters!

MAR 27, 202532 MIN

Description

<p>Hey Note Closers! Scott Carson here, diving into the essential topic of common sense underwriting. This episode is all about avoiding the pitfalls that can turn a seemingly great deal into a costly mistake. We're going beyond the spreadsheets and ROI calculators to focus on practical, real-world due diligence.</p><p><br></p><p><span style="color: inherit;">Key Takeaways:</span></p><ul><li><span style="color: inherit;">The Importance of Loan-Level Bids:</span> Don't fall for the "percentage across the board" approach. Insist on loan-level bids to accurately assess the value of each asset.</li><li><span style="color: inherit;">Don't Be an A-Hole:</span> Treat sellers with respect and professionalism. Submitting unrealistic offers or failing to follow instructions will damage your reputation.</li><li><span style="color: inherit;">Know Your Market:</span> Don't bid on assets in areas you don't understand or wouldn't want to own. Focus on markets with a decent population and available resources.</li><li><span style="color: inherit;">Don't Fall in Love with the Property:</span> Take the emotion out of the equation. Focus on the numbers and the potential for profit, not the aesthetics of the property.</li><li><span style="color: inherit;">Look Beyond the Numbers:</span> Don't rely solely on spreadsheets. Consider factors like the condition of the property, the borrower's history, and potential legal issues.</li></ul><p><br></p><p><span style="color: inherit;">Actionable Advice:</span></p><p>This episode is packed with actionable advice to help you make smarter investment decisions. We'll discuss:</p><ul><li>How to assess the value of a note beyond the numbers</li><li>How to identify potential red flags</li><li>How to build a strong team of professionals to support your due diligence efforts</li></ul><p><span style="color: inherit;">Resources:</span></p><ul><li>Order your O&amp;E Due Diligence HERE: <a href="https://snip.ly/NewTitleSearch" rel="noopener noreferrer" target="_blank">https://snip.ly/NewTitleSearch</a></li><li>Order your BPO Orders HERE: <a href="https://snip.ly/NewBPOForm" rel="noopener noreferrer" target="_blank">https://snip.ly/NewBPOForm</a></li></ul><p><br></p><p><span style="color: inherit;">Don't let a lack of common sense derail your note investing success!</span> Listen now to learn how to avoid costly mistakes and maximize your returns.</p><p><br></p><p><a href="https://youtube.com/live/bJrkOMHlkP4" rel="noopener noreferrer" target="_blank">Watch the original VIDEO HERE!</a></p><p><br></p><p><a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank">Book a call with SCOTT HERE!</a></p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul><br><p><a href="https://snip.ly/WCNCrewAd" rel="noopener noreferrer" target="_blank">Get Signed Up For the WCN Membership HERE!</a></p>