In this new "What I Learned..." episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Chris Seveney, the CEO & Founder of 7e Investments. With over 25 years of experience in the real estate industry, Chris is a wealth of knowledge in the field of note buying and distressed debt.
As always, Jake dives deep into their conversation to uncover the key takeaways and insights shared by Chris in his interview.
He highlights Chris's expertise in acquiring distressed debt at discounted prices and restructuring them into performing assets. Despite challenges in the industry, note buying can still be lucrative when approached strategically.
He also talks about the three P's of underwriting: property, person, and predicament. Evaluating the property's condition, understanding the borrower's circumstances, and assessing the underlying predicament are crucial for successful note investments.
You will find out that note buying offers passive investment advantages, as investors are not responsible for property management or tenant issues. Jake explains how vacant properties can increase their value and shares tips on due diligence to avoid scams and identify reliable borrowers.
Throughout the episode, Jake also talks about loan types, workout systems, and the role of asset managers in note buying.
Join Jake in this enlightening episode of the Passive Wealth Principles Podcast to uncover valuable insights into note buying and passive wealth-building strategies from Chris Seveney's interview.
Listen now to find out more!
What You’ll Learn in this Show:
- Distressed debt and note buying can offer opportunities during times of bank failures and high-interest rates
- Buying notes allows investors to avoid the responsibilities of property management and tenant-related issues
- Due diligence is essential to identify scammers and ensure a successful note investment
- Learning about different types of loans and how they work is important for successful note investing
- And so much more…