All Forum Posts by: Christopher Winkler

I thought i would give the update of over $1.5 million dollars stole by Scott Carson from his students & JV partners. This is the tip of the iceberg as so many i have talked to have not filed a lawsuit. This is disgusting. Go to weclosenotesanddreams . com to read more.

W/o being political, combine this with putting in low cost, high density housing in the suburbs, why would anyone vote for this???

Stockholm syndrome...

I posted this in the Guru forum earlier; I am so sick of hearing this broken record: http://weclosenotesanddreams.c...

If ANYONE has been ripped off by Scott Carson & We Close Notes, now you have relief, here is the name of an attorney that my other friend, also an ex-student, used to get a judgment against Carson.

Nathan White
Clark, Malouf & White LLP
Dallas, TX

http://cmwattorneys.com

Then he used this law firm to collect on the judgment!

Matt Garcia
Barnett & Garcia, PLLC

https://www.barnettgarcia.com

Good luck!!!!!!

Yet another Scott Carson student, who I personally know, is looking for help in getting her money back from a 3 year JV that has resulted in nothing. She has been asking for her money back, and she has heard nothing but excuses why he can't wire the funds.

I am so sick of hearing this broken record: http://weclosenotesanddreams.c...

So for all of you who have been ripped off by Scott Carson & We Close Notes, here is the name of an attorney that my other friend, also an ex-student, used to get a judgment against Carson. 

Nathan White
Clark, Malouf & White LLP
Dallas, TX

http://cmwattorneys.com

Then he used this law firm to collect on the judgment!

Matt Garcia
Barnett & Garcia, PLLC

https://www.barnettgarcia.com

Good luck!!!!!!

I usually like to use my crystal ball, because just like Mike Tyson says, "Everybody has a plan until they get punched in the mouth."

Matt, here are our results. Of the 80 or so we have purchased, we have exited 36, there are more, though I have not updated in a few months. They were a mix of crappy low dollar 1st liens & nice 2nd liens

• 36 Notes Exited
  UPB: $1,720,215.38
  Purchase Price: $550,349.21
  % UPB: 31.99%
  Gross Sales: $1,234,826.88
  Less Purchase: $550,349.21
  Gross Profit: $684,477.67
  Less Expenses: $306,463.70
  Net Profit: $378,013.97
  ROI: 44.12%
  Average ROI: 39.03%
  Annualized ROI: 128.66%
  Average Days: 481

The problem is now those 2nd are hitting high 60% & 70% of UPB, as well as nicer 1st liens. So like buying a skinny flip, I think the days of returns like that are over for a few years. The ones we did not make a lot of money on were the purchases in the 60% of UPB range. FYI...

Good grief, Dan has a training program, who doesn't??? There are 30-40 note guru's now in a completely saturated space with too many investors willing to overpay way to much for too few notes. 

Looking to purchase a small Mobile Home Park in the SW. Paved street, city water & sewer, no park owned homes or empty lots! It needs nothing else at this time.

Purchase is $325,000.00. Looking for a first lien lender up to 70-75% LTV or $227,500.00-243,750.00. Rates & terms negoitable.

Then I need an equity partner for the rest, 25-30% or $81,250.00 to $97,500. Offering interest and split of profits.

Here are the numbers:

• Gross Income: $43,200.00
• Expenses: $12,097.00
• NOI: $31,103.00
• CAP Rate: 9.57%

I will raise lot rents by $50, and bill back water/sewer to homeowners as current owner is eating it & eventually sub-meter.

Pro Forma Numbers;

• Gross Income: $52,800.00
• Expenses: $9,097.00
• NOI: $43,703.00
• CAP Rate: 13.45%

Please let me know if you are interested in talking further…
Sincerely,

Looking to purchase a small Mobile Home Park in the SW. Paved street, city water & sewer, no park owned homes or empty lots! It needs nothing else at this time.

Purchase is $325,000.00. Looking for a first lien lender up to 70-75% LTV or $227,500.00-243,750.00. Rates & terms negoitable.

Then I need an equity partner for the rest, 25-30% or $81,250.00 to $97,500. Offering interest and split of profits.

Here are the numbers:

• Gross Income: $43,200.00
• Expenses: $12,097.00
• NOI: $31,103.00
• CAP Rate: 9.57%

I will raise lot rents by $50, and bill back water/sewer to homeowners as current owner is eating it & eventually sub-meter. 

Pro Forma Numbers;

• Gross Income: $52,800.00
• Expenses: $9,097.00
• NOI: $43,703.00
• CAP Rate: 13.45%

Please PM me for more info!