Scott Arpan started brokering seller carryback notes in 1994. As he gained experience, his company grew to six people. Scott bought as many notes as he could while brokering; enough to cover expenses. When the subprime lenders disrupted the seller carryback note market, he moved his focus to rehabbing homes and non-performing notes. As the note business roared back from it’s recessionary lows, his focus returned to seller carryback notes which are his passion.
- Scott’s his history of experience in the business of buying and selling real estate notes
- How Scott made his first note purchase and why it led him to find his career path
- How Scott turned a small $10,000 IRA into a seven-figure account
- Scott’s story of the best note he ever bought and how he turned a surprising profit
- What advantages and risks are associated with purchasing notes and why doing your due diligence is crucial
- Why the option to cash out early can be advantageous in note-buying
- Why controlling the terms of the deal can be at least as valuable as getting a discount on the price
- Why creativity and flexibility are the key to making money in real estate notes
Get an Apple ID to subscribe and review the podcasts:
If you don’t have an Apple ID or have never used iTunes before you should first go to:
This will let you create an apple account.
Then download iTunes:
Look on the left hand side about halfway down the page for the Blue Download button