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Thinking Like a Bank
Thinking Like a Bank episodes
- Episode 35: How to Invest in Notes Like a Bank? With Scott Carson
Scott Carson, our special guest today, has been an active real estate investor and entrepreneur since 2002, focusing on the niche of distressed mortgage notes. Since 2008 he has purchased over $1 Billion in distressed notes on residential and commercial properties all across the country.
He has helped thousands of real estate investors and entrepreneurs create wealth through his debt buying tactics and classes helping his students close thousands of deals. He also hosts the nationally syndicated radio and podcast Note Closers Show Podcast with millions of listeners each month. An avid sports fan, he spends his free time traveling, gardening, and making memories. He calls Austin, Texas home with his better half, Stephanie and their four-legged kids.
This episode talks about:
- What are distressed mortgage notes?
- How can one buy debt and become the bank?
- How does note investing work?
- Where to find a mortgage note to buy?
- Important details to consider before purchasing notes.
- How to determine a good note vs a bad note?
- The importance of hiring a third party professional on behalf of the investor or lender in the foreclosure process
- Do you need a professional license to get into note investing?
- The distinction between active note investing and passive note investing
- Leverage your Infinite Banking Cash Value while buying notes or investing passively in a fund with those who are actively involved in note investing
- Ways to keep your properties now that the federal foreclosure moratorium has ended (as of Nov 2021).
- Who is “We Close Notes” and what services do they offer?
To connect with Scott Carson, please visit:
Company Website: https://weclosenotes.com/
Podcast: The Note Closers Show Podcast
LinkedIn:https://www.linkedin.com/in/1scottcarson
YouTube: https://www.youtube.com/channel/UC4wtruvVdVPfp35F2CI95nQ
Facebook: https://www.facebook.com/1scottcarson
Twitter: https://twitter.com/1scottcarson
Instagram: https://www.instagram.com/1scottcarson
Pinterest: https://www.pinterest.ph/1weclosenotes
Email: [email protected]
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To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
34 min - Episode 34: Should You Pay Off Your Mortgage with Chris Swartz
Christopher Swartz is one of the Managing Partners with First Choice Mortgage Advisors, LLC. He has spent 15 years in the mortgage industry, serving a wide range of clientele providing them with various residential mortgage loan products. Christopher specializes in Conventional, Jumbo, FHA, VA, and renovation mortgage loans.
Christopher has completed specialized training in renovation mortgage lending. He graduated from Cabrini University with a B.A. in organization, business management.
Christopher was nominated by Mortgage Professional Magazine for their Young Guns Award for mortgage professionals under 40 who are making big waves in the mortgage industry. He was a back-to-back Five Star Mortgage Professional Award winner in 2018 and 2019. He was recently featured in the March 2019 edition of Forbes Magazine as Market Leader. He was 1 of 8 mortgage professionals out of 4,996 in the Philadelphia area to receive this award.
He is the host of Fuel Podcast and Financing The Dream on CNBC.
Christopher lives in Media, Pennsylvania with his wife Lori and, their two daughters. When not working, Christopher likes to travel, fish, and just relax with family and friends.
This episode talks about:
- The true definition of sales.
- What is a “silent partner” in business?
- How to become a silent partner in business?
- Who is First Choice Mortgage Advisors LLC and what services do they provide?
- What is an independent mortgage broker and the advantages of working with them rather than one lender?
- What are some of the mortgage underwriting guidelines?
- Different types of loans that First Choice Mortgage Advisors LLC offers.
- Good Debt versus Bad Debt and why having a mortgage can benefit you.
- Potential tax advantages when paying interest on your mortgage.
To connect with Christopher Swartz, please visit:
Company Website:https://firstchoicemortgageadvisors.com
Podcast: https://fuelthepodcast.com/
LinkedIn: https://www.linkedin.com/in/chrisswartz1/
Email: [email protected]
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
32 min - Episode 33: Money and Confidence with Ben Humble
Ben Humble is the founder of the CashFlow Tribe, author, motivational speaker, and personal development mentor who has coached over 2000 individuals in investment strategy and business development. His mission is to help struggling investors achieve success and impact the public with the willingness to overcome their financial fears.
This episode talks about:
- Difference between running a real estate business and investing in real estate.
- Fundamental strategies that real estate investors should know about
- How to build a real estate business?
- How to become your own bank?
- What is a joint venture and how does it work?
- Who is CashFlow Tribe and how do they help others build wealth?
- How to create sustainable businesses with accelerated results?
- Four elements needed to grow in real estate and other types of business
- Tools you need to achieve your goals
To connect with Ben Humble, please visit:
Website: https://humble.ceo
Community: https://cashflowtribe.com
Facebook: https://www.facebook.com/BenHumbleCEO
LinkedIn: https://www.linkedin.com/in/benhumbleceo
Email: [email protected]
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
37 min - Episode 32: Buy Real Estate with No Money Down with Farrah Ali
Farrah Ali is a successful author, real estate professional, and entrepreneur with more than 18 years of professional experience in the business. After overcoming a difficult divorce, Farrah was forced to start over. Raising two kids, she was a single, working mother in the insurance industry. After beginning her career in 2001, she continued to dedicate every waking moment to her career and her two children.
She experienced massive success in real estate, and in 2019 co-founded WE WIN LLC, an organization that inspires, educates, and motivates women to invest in real estate.
Today, Farrah still remains committed to her career as an underwriting executive, while also keeping an eye on her real estate investing firm. In addition, she maintains an active role with the We Win Foundation, a foundation she helped to co-found in 2019 in order to give back to the community.
This episode talks about:
- The benefits of working with real estate mentors and coaches
- Indicators to determine if a property is a good investment
- What is a private money lender and how can they be helpful?
- Private money lenders as an alternative option for financing real estate, including 100% financing
- The significance of knowing different real estate strategies
- The importance of your support system and network
- Recommended books to learn more about investing in real estate
- How Farrah’s insurance underwriting skills and experience help in analyzing and evaluating properties?
To connect with Farrah Ali, please visit:
Facebook: https://www.facebook.com/farrah.ali.1213
Website: https://www.farrahali.org
LinkedIn: https://www.linkedin.com/in/farrahali
Email: [email protected]
Foundation: https://www.mywewinfoundation.org
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
31 min - Episode 31: Best Funding Options to Grow Your Business with Leo Kanell
Leo Kanell is a serial entrepreneur, author, speaker, and business funding expert. He is the founder of 7 Figures Funding, Funding CEO Academy and the 7 Figures Club Podcast. He’s the author of the Business Funding Formula and has secured funding for thousands of business owners for hundreds of millions. He believes that entrepreneurs will solve the problems of the world, not politicians. Leo and his team are dedicated to empowering entrepreneurs with affordable capital and business finance education tools that create confidence and success for business owners in all industries and business stages.
He resides in Lehi, Utah with his awesome wife and 5 amazing kids where they snowboard in the winter and wakeboard in the summer.
This episode talks about:
- Different types of funding available for your business
- Discover funding options for all types of businesses (regardless of size)
- Personal loans vs business loans and payback structures
- The importance of working with a funding specialist
- Key strategic partners in business funding
- How to generate more leads and other effective marketing strategies?
- Leverage Infinite Banking alongside different funding strategies to maximize liquidity
- The distinction between good debt vs bad debt
Connect with Leo Kanell:
Website - https://7figuresfunding.com
Facebook - https://www.facebook.com/leokanelltranforms
LinkedIn- https://www.linkedin.com/in/leokanell
Instagram- https://www.instagram.com/leokanell
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
24 min - Episode 30: Investing with your partners with Chris Salerno
Chris Salerno attended Wharton Business School and Winthrop University. Chris successfully transacted more than 40mm in real estate volume and helped lead the #1 real estate team in the Carolinas to produce more than 140mm in annual sales prior to creating QC Capital. Named to Charlotte’s 30 under 30, Elite 50, Elite 50 entrepreneurs, 30 under 30 entrepreneurs, and nominated for Forbes 30 under 30, 2018 and 2020. Chris has quickly gained recognition, and notoriety for his hard work, and dedication.
He manages QC Capital LLC, a national multifamily investment company acquiring complexes of 100 units or greater in the major southeast markets. QC Capital, LLC focuses on markets that demonstrate consistent rent growth, population growth, and job growth.
This episode talks about:
- Who can invest in real estate and multifamily syndication?
- How to find real estate investors and build partnerships with them?
- The importance of building strong relationships with the brokers to get more market deals.
- Building wealth and financial freedom through Infinite Banking.
- Leveraging bank financing and proper debt to increase the potential return of an investment.
- Infinite banking as an additional tool for investors that could be leveraged for real estate and other purposes.
- Challenges with running a multifamily real estate business and how to overcome them?
- How to stay motivated and focus at a young age?
Connect with Chris Salerno
- LinkedIn:https://www.linkedin.com/in/salerno2/
- Website: https://www.qccapitalgroup.com/
- Facebook: https://www.facebook.com/chris.salerno
- Facebook Group: Mindful Multi-Family Network
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
16 min - Episode 29: Solutions for Taxable Investors with Brian Adams
Brian Adams, the President and founder of Excelsior Capital, where he spearheads the investor relations and capital markets arms of the firm. He has 10 years of experience in real estate, private equity, advanced knowledge, and best practices for strategic real estate investing. Prior to forming Excelsior Capital, Brian co-founded Priam Properties (an institutional real estate private equity sponsor) in 2010 and provided leadership and direction for the firm in connection with capital markets, investment management, and investor relations.
This episode talks about:
- The difference between the single-family office and multi-family office and what they do.
- Set of solutions that Brian’s offers to investors when it comes to direct deals, cash returns, and tax benefits.
- Two ways of passively investing in private real estate?
- Private Real Estate Funds -vs- Property Syndication?
- What are the pros and cons of private real estate funds and property syndication?
- What is a double-digit cash return?
- What are the tax advantages of investing in property syndications?
- How much capital is typically needed to invest passively in commercial real estate?
- How cash value in a life insurance policy grows tax-deferred while still being accessible for real estate deals?
Connect with Brian Adams:
- LinkedIn: https://www.linkedin.com/in/brian-c-adams/
- Website: https://www.excelsiorgp.com/
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
24 min - Episode 28: Expert Negotiation Skills with J Paul Nadeau
J Paul Nadeau is a former police detective, hostage negotiator, and international peacekeeper. He spent more than 30 years working with victims of crime and perpetrators and learning from top experts in abuse situations, murder investigations, hostage-takings, terrorist attacks, and behavior in general. He is the host of the Inspire Us Podcast and he is also the author of the book “Dammit, Just Ask”, a book on how to ask, negotiate for what you want in life and in business as well as the Take Control Of Your Life Companion Journal
This episode talks about:
- How do we change a negative situation into a positive one using dialogue?
- What skills are required to influence people during negotiations?
- How does hostage negotiation influence people to change their minds?
- How to build trust using body language?
- How to convey trust through your voice?
- What is the most important factor in a hostage negotiation situation?
- Why every business requires the ability to negotiate
Connect withJ Paul Nadeau :
Podcast: Inspire Us podcast
Website: https://www.jpaulnadeau.com/
LinkedIn: https://www.linkedin.com/in/jpaulnadeau/
Facebook: https://www.facebook.com/paul.nadeau
Twitter: https://twitter.com/jpaulnadeau
Instagram: https://www.instagram.com/jpaulnadeau/?hl=en
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
32 min - Episode 27: Strategic Partnerships with Anton Anderson
Anton Anderson, the managing partner of Elite Resource Team began his career in 2003 with Smith Barney while studying business in college and graduated from the University of California, Santa Barbara in the top 3% of his class. In 2008 he co-founded SPL Financial, which grew into a thriving practice, before selling in 2014 to start Elite Resource Team. Recognized as one of the top training companies for Financial Advisors and Accountants, Elite Resource Team which has thousands of clients across North America.
Anton has developed a diverse career as an investor, advisor, and CPA consultant. Anton is a published author and has lived in the United States, Australia, and the United Kingdom. He currently resides in San Diego, CA with his wife and two children. Outside of work, he is a competitive surfer, an avid public speaker, and is involved in numerous charitable organizations.
This episode talks about:
- Why are CPAs the most sought-after professionals and arguably the best referral partners for financial advisors?
- What gives them the edge in making ideal partners for clients?
- Why do some accountants fail to get into the industry?
- How to create strategic partnerships and their benefits.
- Why is forming more strategic partnerships better than just going for referrals?
- What does it mean to be a value-based accountant?
- What is value-based billing?
- Strategies in acquiring new clients.
- Using life insurance as a tool to build tax-free wealth
- What is the Elite Resource Team; What are the training and services they offer?
Connect with Anton Anderson:
Elite Resource Team Website: https://www.elitert.com
Email address: [email protected]
LinkedIn: https://www.linkedin.com/in/antonjanderson/
Facebook: https://www.facebook.com/eliteresourceteam
YouTube Channel: Elite Resource Team
https://www.youtube.com/channel/UCoAg_CnzLSxFIQl8kKoZ7XQ/videos
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
29 min - Episode 26: Money and Mindset with Darrell Evans
Darrell Evans is a serial entrepreneur, investor, and co-founder of Yokel Local Internet Marketing. He and his team have helped entrepreneurs and companies generate over $300M in revenue online since 2011.
He personally started and/or operated 6 businesses since the age of 20. He is also the host of The MindShift Podcast which launched in 2019 and he is the founder of the Mindshift Business Accelerator and the Mindshift Growth Mastermind.
He is passionate about entrepreneurship. When he appears on the podcast he loves sharing lessons and mistakes and breakthrough frameworks that have helped him and hundreds of other businesses market profitably, grow sales predictably, and build superstar teams. His goal is to help your entrepreneurial audience grab at least one mind shift that could launch them to their next level of success.
This episode talks about:
- What is the Mindshift Method?
- What are the benefits of hiring coaches in different areas?
- One of the benefits of cash value life insurance and how you can use it?
- How to access the cash value in the form of a policy loan?
- Why is it important to never rely on banks for funding?
- What does it mean to “Begin with The End In Mind?
- What is his Digital Marketing Framework?
- What is an Empathy Map in digital marketing and how to use them to create better products and solutions?
- Importance of building a system to be run by people consistently without fail.
Connect with Darrell Evans :
Mindshift Podcast: https://www.themindshiftpodcast.com/
Website: https://www.darrellevans.net/
LinkedIn: https://www.linkedin.com/in/mrdarrellevans/
To learn more about Infinite Banking, please reach out to us at
https://finassetprotection.com/
You can also schedule a free call with us here:
https://calendly.com/financialservicesins
41 min
About Thinking Like a Bank
From the publisher's feed
Ever wonder what banks do to get so rich? Well its not just because they're banks.. rather its about the way they think. That's what we uncover here in this podcast.. how to think like a bank. You don't need to be a banker or in the banking industry but you can still copy these strategies to help improve your financial life.
Learn more at https://finassetprotection.com/