Episode 75

Published on:

19th May 2023

What I Learned (Chris Seveney)

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…

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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.