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Episode 74

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Published on:

16th May 2023

Chris Seveney | Exploring the World of Note Buying

On today's episode of the Passive Wealth Principles Podcast, Jake Harris interviews Chris Seveney, the CEO & Founder of 7e Investments. Chris is a real estate professional with over 25 years of experience. He has a successful track record in building multimillion-dollar portfolios through property construction and rehabilitation. 

Since 2016, Chris has focused on investing in mortgage notes, acquiring over 500 notes valued at over $25 million across forty states. He holds a bachelor's degree in Civil Engineering from Worcester Polytechnic Institute and a Masters in Real Estate Finance from Georgetown University. Chris is known for his honesty, integrity, and professionalism in the industry. He hosts the podcast Creating Wealth Simplified and is a top-ranked contributor on the site Bigger Pockets.

During the episode, Jake and Chris delve into the intriguing world of note buying. They discuss the advantages of note investing, particularly its passive nature and the potential for generating steady income. 


Chris shares stories of both successful ventures and challenges he has faced in the note-buying space. They explore instances of scams related to the foreclosure process and note buying, including a case involving a former professional athlete. 


The conversation concludes with a focus on the nitty-gritty details of Chris's approach to working with distressed notes, turning them into performing assets and adding value for investors.


Enjoy!



What You’ll Learn in this Show:

  • How note-buying aligns with a more passive investing lifestyle compared to other real estate ventures
  • The challenges of owning properties
  • The potential for both active and passive involvement in note buying
  • Building a strong team is crucial in the note-buying business
  • Investing in systems and software is important for scalability and efficiency.
  • A crazy note-buying story involving scammers and attorneys.
  • And so much more...


Resources:

7einvestments.com 

Biggerpockets.com/users/7einvestments 

Podcast: Creating Wealth Simplified

Youtube Channel

Chris’ LinkedIn

Twitter: @ChrisSeveney

Email: chris@7einvestments.com  


Books

The 6 Types of Working Genius: A Better Way to Understand Your Gifts, Your Frustrations, and Your Team



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About the Podcast

Passive Wealth Principles
Contrarian Investing for Cash Flow and Freedom
You are listening to the Passive Wealth Principles Podcast. Your host; Jake Harris is the founder of an award-winning real estate investment firm and actively investing in commercial real estate all over the country. This show allows you to tune into interviews, dive deeper and deconstruction many passive wealth principles not just from investing but tactics, strategies, and many fascinating ways in which people have achieved levels of passive wealth.

Through my nearly 20 year career as a professional investor, I have built an amazing network of people and come across some super-savvy investors that not only have a unique stance on the marketplace but look at the same problems we all face and many times have come up with a simple but unconventional approach to solving them.

So come be a fly on the wall. Enjoy the conversations and these amazing passive wealth principle lessons.

Learn more: https://www.catchknives.com/

About your host

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Jake Harris

A sought-after expert and gifted story teller with contagious energy, he inspires everyone around him with encyclopedic research. He can take complicated ideas and convey them simply and clearly for everyone to understand. As a founder and managing partner of an award-winning commercial real estate firm, he has authored a #1 bestselling book (CatchingKnives). He has been featured in many publications including The NY Times & Yahoo Finance, he is a frequent speaker, podcast guest, and a highly valued coach. He uses those superpowers to pioneer cutting-edge bold design into an exciting hotel, infill, and adaptive reuse projects across the country. To date has purchased and sold1200+ properties in23 states and amassed a commercial real estate portfolio of iconic properties. He earned a master's degree in International Real Estate, sits on the FIU real estate board, is an accreditedCongress of New Urbanism city builder, a member of CCIM, Urban Land Institute (ULI) and holds a CA real estate brokers license.