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Creating Wealth Simplified
Creating Wealth Simplified episodes
- Three Signs To Spot A Joker Broker
There has been an influx of what the real estate industry calls joker brokers. Joker brokers are basically people that receive big tapes from all the usual sellers but then turn around and send it out to their list pretending that they are direct to the seller. The sad thing is that you usually only find out that’s not the case when you start asking for collateral files and more information. In this episode, Chris and Gail talk about the proper way to broker a note, how you put tapes out when you do have loans to broker, and the three signs to know if somebody is a joker broker trying to sell you assets.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
41 min - A Killer Of A Deal
Chris does a case study of a deal in this episode which he calls A Killer of a Deal, the reason being that the borrower was convicted and in prison for the murder of his wife. The property was a performing note, a nice little home that was acquired in June of 2017 that had an unpaid balance of $45,000 with a payoff of about $48,000 and was worth about $70,000. Chris discusses the background of the property and its modifications, as well as the lessons he learned about balloon payments. He also answers some questions about selling at auctions, putting forced-placed insurance, lowering bids, Contract for Deeds, and a lot more.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
48 min - Setting Up An “If I Die” Folder
At some point in our lives, our concerns slowly start to shift. We do different things at different phases as we begin to become more future-minded, anticipating what will happen next and asking whether or not we are prepared for them. For those of us who are handling our own businesses, we may have thought about what would happen in the future if we are to suddenly go away. Who would take care of the things we leave behind? Will somebody be able to find the master key to our “If I Die” folder? Gail and Chris explore this conversation as they talk about securing your notes and making sure you have a plan where everything is in a certain spot.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
37 min - Understanding Your Investments Better To Avoid Risks
Making investments and all the risk around it can sound intimidating with all its complexities. That’s why finding people whom we can get advise from and walk us through the basics to make us aware of the precautions we can take can be such a great help. On this episode, Chris and Gail continue to feed us with a great amount of knowledge as they talk about questions they have been getting over the past months from investors. Some of the questions they shed light on are about property locations, hiring realtors, legal descriptions, neighbors around the property, deficiency judgment, forced place insurance, title insurance claim and some important details around these.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
49 min - Open Mic Night: Keeping An Open Mind On Investment Risks And Precautions
Risks can be part of every investment that we make but this can be avoided or kept to a minimum if we take extra precaution. Chris and Gail talk about possible risks and possible ways on how we can take precaution when getting into deals. They share their knowledge on what we should be looking at when getting into deals. Some topics they touched on are possessions in IRA, matured loans, “non-JV” deals, transferring services, foreclosed properties, state taxes, toxic assets and many more.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
1 hr 2 min - Creative Uses Of IRAs And How To Get A Property Out Of It
Everyone tends to think they can never really do anything with IRAs. Gail and Chris set out to give us the creative uses of IRAs, going deep into the rules and how you can get a property out of it. Gail shares about a property that has her whole IRA at risk and discusses how she got out of it, showing what rules apply when you have contradictory rules between the township where it is happening and your own contract. They then talk about how Cash for Keys could be used while reflecting on the moments in the note business that gives great satisfaction.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
49 min - A Cheat Sheet To Doing Your Due Diligence
We all know that before we take a property or sign an agreement, the most reasonable thing to do is do our due diligence. Whether you are new or not, it helps to clear yourself with the necessary steps when it comes to performing your due diligence before a deal. Gail and Chris sit us down as they give a little cheat sheet on the things that you need to focus on in the process. They present the go/no situation for you to evaluate better – from checking the status of the occupied property and the taxes to the borrower and loan information.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
50 min - Deal Or No Deal: What To Watch Out For When Making A Deal
We are all after building wealth which is why we enter into deals and bid on properties and other investments. At some point, we may end up losing money instead. Gail and Chris give some helpful insights when making a deal. They talk about taxes, attorney charges, biggest mistakes people do, JV partnership, bidding on properties, and the Three-Touch Rule which can serve as the ultimate guide if someone you don’t really know wants to do a deal with you.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
41 min - Open Mic Night: Contract For Deeds, Performing Notes, And Bidding Strategies
Have you ever purchased nonperforming notes that are in bankruptcy? What documents you need for due diligence? The Ohio Legislature Bill 489 was recently passed. What’s your take on that? What are clawbacks and are they enforceable? What is the Stair Step Method and how does it work? How does one benefit from inflation in the selling process? Chris and Gail answer some of these questions and more in their Open Mic Night as well as provide insights and advice coming from their own personal experiences. They also share the origin story of how they became partners in note investing and this podcast.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
1 hr 12 min - When To Call A Lawyer On A Property
Sometimes, a property is not as simple as it looks. We may have come to a point in our note investing career where we stumble upon a very complex purchase. At this point, we wonder when we can call a lawyer. This decision can be hard for some, that is why Chris and Gail discuss a particular experience that lays out a scenario for when to call a lawyer on a property. They take us into a property in Flint, Michigan that begs to cover a number of legal aspects – from identifying an heir to unraveling a probate and more. Giving us more possibilities, Gail and Chris share a couple more examples on when you may have to bring in a lawyer and even have a home vacated.
Love the show? Subscribe, rate, review, and share!
- Here’s How »
Join the Good Deeds Note Investing movement today:
- GoodDeedsNoteInvesting.com
- Chris Seveney Facebook
- Chris Seveney Twitter
- Chris Seveney Instagram
- 7EInvestments.com
- 7E Investments Facebook
- 7E Investments YouTube
- Labrador Lending
- Jamie Bateman LinkedIn
- Labrador Lending LinkedIn
- Labrador Lending YouTube
- Notes and Bolts Facebook Group
40 min
About Creating Wealth Simplified
From the publisher's feed
Welcome to Creating Wealth Simplified, a podcast that guides you on becoming a passive real estate investor through strategies like mortgage note investing. This show provides you with the right…
tools and resources to make money beyond your paycheck. Discover how many side-hustling opportunities are available in the world of real estate.
If you want to break the corporate chains that hold you back from earning the money you desire, you are in the right place. Each episode, learn the ins and outs of passive investing that reveal why you should not rely on your W2 or 401k alone when building wealth. Find out various investment strategies that prove why the 40/40/40 rule is untrue. Instead of working 40 hours a week for 40 years just to keep 40% of your income, explore brand-new avenues in the form of mortgage notes, real estate funds, rental properties, and more!
Experienced investors reveal how they reach and go beyond their financial objectives by starting a side hustle in real estate. See how to emulate their biggest wins and gather the lessons from their most serious challenges. Listen to these real-life stories that open your eyes to the possibilities of achieving a thriving passive income at any age. Whether you are an energetic individual in your 20s or a retired worker in your 60s, you can never go wrong with this kind of investment.
Hosts of the podcast are Lauren Wells and Christopher Seveney.
Lauren has a passion for real estate and has been investing since 2010. During this time, she has helped grow and manage a portfolio of over 100 assets which include both residential real estate and mortgage notes which is now a multimillion-dollar portfolio. When she is not shaking things up professionally, you can find her spending time with my family at the beach or planning her next backpacking adventure in the beautiful backdrop of Santa Barbara where she calls home.
Chris has been a real estate professional for more than 25 years. Known for his honesty, tenacity, and professionalism, Chris managed over $1B in real estate and has built his Note Investing portfolio to over 500 deals valued at around $75M. Additionally, Chris founded 7E Investments that presents investment alternatives through mortgage note investing. They specialize in custom active and passive investment options for accredited, non-accredited, and self-directed IRA investors.
Lauren and Chris are here to remind you that Wall Street doesn't have to be the biggest financial goal. Open your eyes to the many opportunities up for grabs in the realm of real estate. If you have doubts or questions about starting a side hustle through passive investing, this show has everything you need to begin.