Manage episode 493237176 series 3039481
In this episode, Scott Carson breaks down a tape of 187 note assets, offering expert insights into geographic distribution, loan performance, and due diligence strategies. This is a must-listen for note investors looking to navigate the current market.
Key Points Covered:
- Geographic Analysis:
- Tape covers 33 states, with a significant concentration in Texas and Florida.
- Strategic state selection based on foreclosure timelines.
- Loan Performance Breakdown:
- Performing, sub-performing, and non-performing notes.
- BK Chapter 13, Chapter 7, and modifications.
- Financial Metrics:
- Interest rates, BPO dates, and unpaid principal balance (UPB).
- Review of last 12 months payment history and payment amounts.
- Identification of non-performing assets.
- Discussion of BPO values and average equity.
- Analytical Techniques:
- How to determine the equity amount in a property.
- Calculating offering price based on equity and payment data.
- How to determine potential ROI based on payment data.
- Key Due Diligence Steps:
- Checking local legal balances.
- Analyzing legal status of foreclosures and bankruptcies.
- Understanding key parameters used to evaluate each loan.
Conclusion:
Scott Carson provides a comprehensive guide to analyzing a note tape, arming investors with the knowledge to identify profitable opportunities and make informed bidding decisions. From geographic considerations to in-depth financial analysis, this episode is a valuable resource for anyone looking to succeed in the note investing space.
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678 episodes