July 28, 2023

EP106: Advanced Note Investing Strategy for Large Payouts

21 minutes

In this captivating episode, we are joined by note investing expert Chris Seveney, who delves into an advanced note investing strategy for large payouts. Chris shares his insights on strategic defaults and explains how getting a judgment against a borrower can lead to unexpected and highly profitable outcomes.

Chris gives us a peek behind the curtains of an advanced note investing strategy as he shares an actual case where a borrower owed about $75,000 yet had just closed on a $1.7 million property free and clear. 👀

He unravels the concept of a charging order and how it allows investors to go beyond a specific property and gain access to other assets the borrower holds. This strategy can be a game-changer, especially in specific scenarios, and Chris advises using it wisely and ethically.

Discover the power of a non-performing judgment as Chris explains how it can lead to a forced sale and how this strategy was used in one of his real-world deals.

Join us as Chris provides real-life examples and case studies where the judgment strategy was pivotal in securing impressive returns. He also offers valuable advice on dealing with various situations and engaging with attorneys to explore the best options. If you're serious about note investing and wish to add another powerful tool to your arsenal, don't miss this episode!

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Chapters:
00:00 Intro and Welcoming Back Chris Seveney
01:59 A Powerful Alternative to Foreclosure - The Judgment Strategy
04:03 Real-Life Example of a Successful Judgment Strategy
4:43 Going Next Level: Using a Judgment to Attach Equity in LLC-Owned Properties
6:07 The Process & Potential Pitfalls of Attaching Judgments to Properties