Nonperforming Note Case Study: Kyle, TX Mobile Home Foreclosure cover art

Nonperforming Note Case Study: Kyle, TX Mobile Home Foreclosure

Nonperforming Note Case Study: Kyle, TX Mobile Home Foreclosure

Listen for free

View show details
Welcome back to our 50 Deals in 50 Days series! In this episode, note investing expert Scott Carson takes us to one of the fastest-growing regions in the country: Kyle, Texas, located in booming Hays County just south of Austin. If you think note investing requires massive capital, this distressed asset case study will flip the script. Discover how you can leverage a heavily discounted, non-performing note on a high-value acre of land to lock in massive equity protection and exponential returns. Key Topics CoveredThe High-Equity Asset Blueprint: This property features a 3-bedroom, 2-bathroom attached double-wide mobile home sitting on a spacious 1.02-acre lot. While conservatively valued at a tax assessor price of $123,000, the legal payoff balance on the note is a mere $31,000—representing an incredible 25% investment-to-value ratio. Current Loan Status & Foreclosure Timeline: The owner-occupied property was modified in 2022 to a 40-year term with a low monthly P&I payment of $270.82. However, the borrower has fallen a full year behind, and formal foreclosure proceedings were initiated in February, positioning a potential auction within the next 60 days. The Low-Cost Investment Breakdown: Investors can acquire this first-lien note from the hedge fund at 80% of the legal balance ($24,800) plus a $1,000 transaction fee, putting your total out-of-pocket entry cost at just $25,800. Multi-Tranche Exit Strategies: Learn the various ways to win with this deal. If the borrower reinstates with a lump sum, your first-year ROI can skyrocket to 25%. If it goes to auction and sells at the legal balance, you net a quick $5,200 profit—yielding over a 100% annualized ROI due to the rapid 60-day turnaround. Creative Workout Options: If the note doesn't sell at auction, you take back a high-value acre of Texas land as an REO property. From there, you can pursue a deed-in-lieu, offer cash-for-keys, or clear the asset to rent it out for an estimated $1,500 to $1,700 a month. Conclusion & Next StepsDon't let profitable, asset-backed deals pass you by while your money sits idle. Whether you want to purchase this non-performing note outright, come on board as a funding partner, or completely master the note business, now is the time to strike. Reach out to Scott directly at Scott@weclosenotes.com or lock in a strategic call at TalkWithScottCarson.com. To learn the exact mechanics of buying discounted notes safely, reserve your $99 seat for the upcoming virtual workshop on August 29th & 30th at NoteBuyingForDummies.com. Take action today, and we'll see you at the top!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop 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
adbl_web_anon_alc_button_suppression_t1
No reviews yet