🚀 Vacant and Vulnerable: Deep Dive Into a 13-Year Non-Performing Note in Killeen, TX

Are you ready to see what a real institutional distressed debt deal looks like from the inside out? Welcome back to our 50 Note Deals in 50 Days series, where we peel back the layers on active, off-market mortgage tapes. Today, we are analyzing Deal #6—a non-performing residential note sitting right in our own backyard in Killeen, Texas.

In this episode, Scott Carson ("The Note Guy") takes you on a literal drive-by and deep-dive due diligence trip an hour north of Austin. This property has been sitting completely vacant with 13 years of non-payment! Scott breaks down the raw numbers, the heavy interior rehab realities, the chain of custody through multiple investment funds, and a unique joint-venture partnership opportunity directly with the asset managers. Whether you are a note investor or a local fix-and-flipper, this case study is packed with actionable due diligence frameworks.

• The Property & Market Background: An inside look at Killeen, Texas (home to Fort Cavazos/Fort Hood), its military-driven economic cycles, and why sub-$250k entry-level housing is highly demanded compared to Austin's $425k average.
• The Shocking Deal Anatomy: How an initial 15-year mortgage originated in 1998 resulted in a 13-year streak of absolute delinquency after the original borrowers passed away without heirs.
• Scrubbing the Financial Numbers: A detailed breakdown of the $71,000 payoff legal balance, which includes over $21,000 in advanced back taxes and municipal weed liens against an estimated $148,000 AVM.
• The ROI Math (Reperforming vs. Foreclosure): Why trying to modify this note yields an uninspiring 7.7% ROI, whereas pushing the active foreclosure to the upcoming auction block presents a potential $13,000 profit and an 88% annualized ROI.
• The Visual Due Diligence Reality Check: Why Scott physically drives assets or orders Broker Price Opinions (BPOs). Get the realistic scope of a $70,000+ structural rehab requiring a new roof, total stud-down sheetrock replacement, and wood rot remediation.
• Front-End Bidding Secrets: How to properly structure indicative offers using online data before spending money to pull full collateral files, assignment chains, or title reports.
• The Fund Partnership Opportunity: How you can joint-venture directly with the hedge fund on this asset (and others) where they provide the note financing while you manage the physical rehab and split profits.

Don't sit on the sidelines while institutional tapes are trading! If you are a rehabber or a fix-and-flipper ready to partner with the fund on this Killeen asset, email Scott directly at scott@weclosenotes.com or book a strategy session at TalkWithScottCarson.com.

Ready to learn how to analyze these non-performing asset tapes yourself? Secure your seat for our upcoming two-day virtual masterclass on August 29th and 30th. Head over to NoteBuyingForDummies.com to register for just $99, get instant access to previous session replays, and start building your fast track to real estate profitability.

Watch the Original VIDEO HERE!

Watch the Property Inspection Here!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!

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.

• The 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.

Don'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!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!

Are you looking for a real estate investment strategy that lets you step in as the bank, bypass the heavy competition, and capture massive equity for pennies on the dollar? Welcome back to our 50 Deals in 50 Days series! Host Scott Carson dives deep into a unique, low-balance nonperforming note opportunity sitting right in the heart of Fort Worth, Texas.

Unlike typical cash-flowing performing notes, this distressed asset features a jaw-dropping dynamic: a rock-bottom legal balance on a property that is absolutely bursting with equity. If you want to maximize your returns using your IRA, savings, or investment capital, this episode reveals exactly how a $23,000 entry point could yield anywhere from a fast 21% ROI to a massive six-figure profit.

• The Anatomy of the Deal: A look into the 3-bedroom, 1-bath property in Tarrant County built in 1953, featuring an incredibly low legal balance of just $28,000 against a fair market value of $195,000–$205,000.
• The "Rehab the Borrower" Strategy: How a simple loan reinstatement or double-payment structure could instantly skyrocket your ROI to 23% or even 46%.
• Navigating Texas Foreclosure Laws: Capitalizing on the fastest foreclosure timelines in the country to secure a quick cash return or take the property back as an REO.
• The Power of Cash for Keys & Deeds in Lieu: Creative exit strategies to avoid court, obtain the deed directly from the borrowers, and take total control of the real estate.
• Turnkey Rental & Owner Financing Options: Analyzing market rents ($1,700/mo) and leaseback structures to create long-term cash flow.
• Partnering and Scaling up: How to utilize small-balance IRAs or partner directly with Scott to fund and flip these high-margin deals.

The true beauty of note investing is that you aren't locked into a single path. With this Fort Worth asset, you can play the role of the benevolent bank or the savvy real estate liquidator. If the vacant property heads to auction, a third-party bidder might pay off the debt, handing you a quick $5,000 profit in roughly 60 days (an annualized return of over 120%).

If no one outbids you, the property becomes a real estate owned (REO) asset. Suddenly, you are in control of a ~$200,000 home for just your initial note acquisition and light renovation costs. Whether you choose to fix and flip, rent it out for $1,700 a month, or offer owner financing back to the marketplace, the safety net of a 14% loan-to-value ratio ensures your capital is incredibly well-protected.

Whether you are an experienced investor or completely new to the space, small-balance nonperforming notes offer an unparalleled way to outmaneuver traditional foreclosure buyers. You get to skip the crowded courthouse steps and control the asset months before it ever hits the public market.

Watch the Original Video of this Episode HERE!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!

Welcome back, real estate investors! Ready for a steady base hit to add to your portfolio? In today’s episode of our 50 Note Deals in 50 Days series, host Scott Carson breaks down an incredible performing note deal located just 45 miles south of San Antonio in Charlotte, Texas. If you think you need millions of dollars to start buying notes, think again. This episode reveals how a small-balance investment can yield massive equity protection and double-digit returns.

• The Power of Asset Equity: This updated 1970 single-family home sits on nearly an acre of land and is valued at over $220,000, but has a tiny loan payoff balance of just $34,000—giving the borrower a massive 85% equity stake.
• Strong Performance History: Though it was once a non-performing loan, the owner-occupied borrower has been back on track and paying consistently on time for over 12 months.
• The Investment Breakdown: Learn how purchasing this note at an 80% discount (around $28,000 including fees) generates a strong 14%+ annual cash-on-cash return via passive monthly cash flow.
• First-Lien Security in Texas: Discover why the legal protections of a first-lien position in Texas make this a safe, high-upside play if the borrower ever defaults or opts for a cash-out refinance.
• Perfect for Self-Directed IRAs: Why small-balance notes under $50,000 are the ultimate hands-off, turnkey starter strategy for Roth IRAs, traditional IRAs, or Solo 401(k)s.

Don't let your investment capital sit idle this summer. Whether you want to purchase a performing asset or fully master the note buying industry, taking action is your next step. Ready to submit an offer or learn more?

To learn the ins and outs of the business, grab your $99 seat for the upcoming two-day workshop on August 29th & 30th at NoteBuyingForDummies.com. Go out, take action, and we’ll see you at the top!

Watch the Original VIDEO HERE!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!

Are you a real estate investor with a small self-directed IRA or limited savings, wondering how to get started in note investing? Stop chasing overpriced second liens! In this episode, Scott Carson breaks down Deal #2 of our "50 Note Deals in 50 Days" series, showcasing a phenomenal-performing small-balance first lien right in the heart of San Antonio, Texas.

Discover why low-balance first liens offer incredible security, massive equity protection, and sky-high ROIs (we’re talking 28%!) without the extreme risk of second positions. If you want to learn how to make your small money work like a powerhouse, this case study is exactly what you need.

• The Second Lien Trap: Why chasing second liens is a mistake for small IRAs and how small-balance first liens give you better security.
• Asset Breakdown: Deep dive into a 2-bed, 1-bath owner-occupied property in San Antonio with strong pride of ownership (and a 20-year resident history!).
• The Numbers & 28% ROI: How an $8,740 total investment yields $233.51/month in P&I, netting a massive return on investment.
• The Ultimate Collateral: Why a $10,300 payoff on a $157,000 property means you are investing at under 10% of the fair market value.
• Texas Foreclosure Laws: How Texas's investor-friendly, fast foreclosure timeline protects your capital if a borrower stops paying ("No Pay, No Stay").
• Borrower Motivation: Spotting the signs of a great performing note, including lump-sum prepayments and high equity motivation.

• Property Value: ~$157,000
• Note Payoff Balance: $10,300 (Only 6.6% of Fair Market Value!)
• Purchase Price (80% of Payoff + Fee): $8,740
• Monthly P&I Payment: $233.51 (4.76% Interest Rate)
• Remaining Term: 58 Months
• Estimated ROI: ~28% (After servicing fees!)

Don't just watch from the sidelines—get skin in the game! Whether you want to buy your first note or scale a massive portfolio, we are here to help you succeed.

• 📧 Email Scott Directly: scott@weclosenotes.com
• 📅 Book a 1-on-1 Strategy Call: TalkWithScottCarson.com (Schedule a free 30-minute Zoom/Phone call)
• 🏫 Attend the Next 2-Day Virtual Workshop: NoteBuyingForDummies.com (August 29th & 30th – Grab your 2-day ticket + replays for just $99!)

Small balance notes are the ultimate gateway for everyday investors to generate true passive wealth. By focusing on asset security, strong borrower equity, and investor-friendly states like Texas, you can easily outpace Wall Street returns. Make sure to like, comment, and subscribe to follow the rest of our 50 Note Deals in 50 Days series. Go out there, take some action, and we’ll see you at the top!

Watch the Original VIDEO HERE!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!

Welcome back to another high-value episode of The Note Closers Show Podcast! I am your host, Scott Carson from We Close Notes, and I am incredibly excited to kick off a brand-new, massive series for you guys.

We are officially launching our 50 Deals in 50 Days marathon! Over the next few weeks, I’m going to be breaking down fifty actual, real-world note deals to show you exactly how the note investing business works, how to spot incredible opportunities, and—most importantly—how to put your money to work for double-digit returns.

We are starting things off with a bang in the great state of Texas! In this episode, we take a deep dive into a fantastic reperforming first-lien loan located in Beaumont, Texas. If you are looking to secure a massive double-digit return using a small cash balance or a small self-directed IRA, this might just be the textbook deal you have been waiting for. This note is part of a larger tape from a hedge fund looking to move assets, and the numbers on this one are absolutely beautiful.

Here are the specific property details and financials for this Beaumont, Texas note:

• The Property: A charming, owner-occupied single-family home featuring 3 bedrooms, 2 bathrooms, and 1,470 square feet of living space sitting on a spacious quarter-acre lot.
• Pride of Ownership: Current Google Maps photos from the last two years show a highly maintained property with clean landscaping, potted plants, and a beautifully mowed lawn.
• Fair Market Value (FMV): Conservatively estimated around $110,000 based on recent Zillow estimates.
• The Payoff Balance: Only $20,400. This means the remaining loan balance represents a whopping 18% Loan-to-Value (LTV), leaving a massive amount of equity protection for you as the investor.
• The Origination: The mortgage was originally written back in 2008 with a current interest rate of 4.99%.
• Monthly Cash Flow: The monthly Principal & Interest (P&I) payment is $234.72, handled securely via a professional third-party servicing company. Taxes and insurance are fully escrowed and up to date.

This small-balance note is the perfect vehicle to supercharge a smaller retirement account. While traditional custodians like Charles Schwab or AG Edwards won't allow this, you can easily partner with self-directed IRA custodians like Equity Trust, Pensco, or Mid Atlantic. (We also partner with Safeguard Advisors to help you get this set up seamlessly!)

If you want to move past the sidelines and learn exactly how to find, fund, flip, and create cash flow from performing and nonperforming notes just like this one, you need to get educated.

Join us for our upcoming Virtual Note Buying Workshop happening August 29th – 30th! This is a jam-packed, two-day event spanning all day Saturday and Sunday where we pull back the curtain on our entire real estate note business system.

Watch the Original VIDEO HERE!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!

Welcome back to another powerful episode! In this session, host Scott Carson breaks down the massive wave of distressed real estate note inventory hitting the market right now—especially across the Lone Star State. If you've been feeling stuck, chasing over-hyped multifamily deals, or getting burned by short-term rental market shifts, it's time to get razor-focused on what actually drives true cash flow. From upcoming Texas shadow inventory roadshows to breaking past the mental blocks of raising capital, Scott shares the exact steps you need to take action, leverage your network, and dominate the note space this summer.

• Texas Distressed Asset Updates: Scott discusses managing a pool of 54 notes in Texas, including a mix of performing assets, nonperforming assets, reverse mortgages going to foreclosure, and REOs spanning DFW, Houston, San Antonio, and the Valley.

• The Condensed 2-Day Note Class: Learn about the recent experiment of condensing the traditional 3-day virtual note buying workshop into a packed 2-day Saturday and Sunday schedule running from 9 AM to 7 PM, yielding highly positive feedback.

• Behind-the-Scenes Rehab Insights: Get a status update on a Georgetown, Texas deal entering its final phases, highlighting rising labor costs compared to last year and how handling minor cosmetic fixes yourself can protect your profit margins.

• The Power of Student Success: Celebrating coaching student Andy Espinero, who is closing his first deal from the Oklahoma roadshow with a projected minimum profit margin of $40,000 to $50,000.

• Upcoming Shadow Inventory Roadshows: Details on a planned physical roadshow through key Texas markets (Houston, San Antonio, DFW, Austin, and the Valley) to drive by, walk, and analyze 6 to 15 assets per market, spanning performing, nonperforming, REOs, and owner-financed notes.

• The Critical Importance of Niche Focus: Why Scott strictly targets institutional first liens instead of diversifying into risky multifamily syndications or volatile Airbnb short-term rentals.

• Overcoming the Fear of Raising Capital: A direct wake-up call to stop acting like a "secret agent," step out of your comfort zone, get away from relying solely on AI websites or social media "dumpster fires," and start networking live at local REIA clubs.

• First Liens vs. Second Liens & Proper Servicing: Clarifying misconceptions around legal risks in bankruptcy courts, emphasizing that using licensed servicing companies and attorneys keeps investors safe.

Stop sitting on the sidelines letting fear—False Evidence Appearing Real—hold you back from taking action. The market is constantly moving, and you need to be learning from someone actively closing deals in today's environment. Whether you want to participate passively with your IRA or step up as an active investor to build long-term cash flow, reach out to Scott directly. Book a strategy call at talkwithscottcarson.com, shoot an email to scott@weclosenotes.com, or text his direct cell phone at (512) 585-3810 to get rocking and rolling today!

Watch the Original VIDEO HERE!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!

🚀 Welcome to Note Night in America! Are you looking to unlock high-yield real estate opportunities in the Lone Star State? In this jam-packed episode, we are diving headfirst into a brand-new note tape straight from our top hedge fund and bank connections! As the mid-year summer wave hits the market, motivated sellers are ready to move inventory. We are breaking down 54 premium first-lien mortgage assets across Texas —ranging from high-equity performing notes to vacant REOs and creative foreclosure plays.

Whether you are seeking reliable monthly cash flow or massive back-end foreclosure profits , this episode gives you the exact formula to filter spreadsheet data, pull accurate due diligence, and spot massive equity spreads. Plus, we reveal how the seller is willing to creatively partner or carry paper with just 20% down! Grab a pen and paper—it’s time to learn how to make money like the bank.

📌 What We Cover in This Episode:

• The June Market Surge: Why May is notoriously slow for real estate notes, and how the mid-year shift creates a wave of motivated bank inventory.
• Texas-Sized Assets: Why the Lone Star State remains the premier destination for note investors due to fast foreclosures and strong property values.
• Breaking Down the 54 First-Lien Tape: A state-wide geographic breakdown including Dallas-Fort Worth, Houston, San Antonio, Austin, West Texas, and the Valley.
• Performing vs. REO vs. HECM Scenarios: How to analyze owner-occupied reperforming loans, active bankruptcies, and reverse mortgages where the borrower has passed away.
• Creative Seller Financing & Partnerships: How to leverage the fund's willingness to partner on rehab costs or offer short-term carry finance.
• Left Brain vs. Right Brain Excel Filtering: A live look at how to strip down borrower data, calculate equity margins, and run formulas for 80% legal balance offers.
• Spotting Land Plays and Diamonds in the Rough: Sorting through rural properties, "ugly" assets, and massive 10-acre tracts in Wills Point, TX.

🔥 Take Action & Level Up Your Investing Game! Ready to master the mechanics of real estate note buying? Don't miss out on our upcoming Two-Day Note Buying for Dummies Workshop this Saturday and Sunday! We dive deep into asset evaluation, case studies, and live market strategies. Claim your seat for a special rate right now at NoteBuyingForDummies.com!

Want to raise millions for your deals? Join our exclusive, 6-week Marketing for Money Training Series starting next Wednesday to learn the step-by-step capital-raising system used by our top coaching students.

🎯 Conclusion:

Don't sit on the sidelines while Wall Street clears out inventory. Review your tapes, run your numbers, and send your bids directly to Scott! Make sure to like, subscribe, and leave a review. Go out, take massive action, and we’ll see you on the next Note Night in America!

#NoteBuying #RealEstateInvesting #TexasRealEstate #MortgageNotes #REO #CashFlow #SellerFinancing

Watch the Original Video of this Episode HERE!

Got Questions? Book a Call With Scott HERE!

Connect with Scott on LinkedIn here!

Use Scott's AI Clone HERE!