EP NNA 72 - Make Money On Banknotes: How To Target Banks With Distressed Notes

37:19
 
Share
 

Manage episode 275350290 series 2136417
By The "Note Guy" Scott Carson. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

As they say, you can find gold in the least likely of places. That has never been more true than now. In this episode of Note Night in America, Scott Carson discusses the lowest-ranked banks according to the Bauer Financial list and why you should be targeting them to find distressed notes to make money with banknotes. He discusses using note exchange websites and cross-referencing the county records to find the banks holding the distressed notes and then using LinkedIn to contact the asset managers. He also breaks down the amount of current 90 day plus defaults across the worst 99 ranked banks and how much of that is residential versus commercial debt.

Love the show? Subscribe, rate, review, and share!

Join Note Night in America community today:

143 episodes