š 50 Deals in 50 Days: High-Yield Reperforming Texas Note Deal (Beaumont, TX)
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, Iām 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, andāmost importantlyāhow 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.
š Deal Breakdown & Asset Overview
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.
Perfect for Self-Directed IRAs
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!)
š ļø Ready to Learn the "Voodoo" of Note Investing?
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 ā 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!
Book a Call With Scott HERE!
Sign up for the next FREE One-Day Note Class HERE!
Sign up for the WCN Membership HERE!
Sign up for the next Note Buying For Dummies Workshop HERE!
Love the show? Subscribe, rate, review, and share!
Join the Note Closers Show community today:
