FBF #682: Finding Unique Investment Opportunities Through Buying Distressed Mortgage Notes

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 15 December 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's Flash Back Friday episode is from episode #564, which originally aired on 3/13/23.

Jay Tenenbaum, co-founder and President, Capital Development and Loss Mitigation at Scottsdale REI, a private equity real estate investment firm, specializing in acquiring assets nationwide.

In his career, Jay has acquired over 500 distressed mortgage notes and properties in over 40 states & attributes his success and expertise to his ability to effectively integrate his 20 years of experience as a former debt collection professional. Jay’s unique skillset lies in his ability of turning non-performing assets into positive cash flowing assets.

Quote:

It’s all about relationships to gain traction and speed.

Highlights:

05:15: How the distressed note sector has shifted since the great recession

09:45: What due diligence looks like for distressed notes

12:40: What happens when you buy vacant properties

14:15: How Jay sources liens right now

16:45: Learning more about buying distressed notes and properties

19:35: Finding funding for purchasing notes

Guest Website: https://scottsdalerei.com/

Recommended Resources:

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If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Transcript

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0:00.0	Welcome to this week's edition of Flashback Friday. It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. If you like to partner with Kevin and join his team at Sunrise Capital Investors, head to invest with Sunrise.com to learn more. That's
0:22.1	invest with sunrise.com. Enjoy the show. Now, our guests for this week's show is real estate
0:28.0	investment expert, Jay Tenenbaum. Now, Jay is the co-founder and president of capital development
0:33.3	and loss mitigation at Scottsdale, REI, a private equity real estate investment firm specializing and acquiring assets nationwide.
0:40.7	Now, in his career, Jay has acquired over 500 distressed mortgage notes and properties in over 40 states
0:45.5	and attributes his success and expertise to his ability to effectively integrate his 20 years of experience as a former debt collection professional.
0:53.4	Now, Jay's unique skill set lies in his
0:55.1	ability of turning non-performing assets into positive cash flowing assets. And so, guys,
0:59.1	with that, it's my honor to welcome Jay Tenenbaum to the show. Jay, how you doing today?
1:03.8	Terrific, Kevin. Thanks for having you. Yeah, thanks for joining us here. Excited to peel back the
1:08.3	curtain and take a look behind the scenes that your business and what it is
1:11.4	you guys do over there. And so maybe for those, Jay, maybe we'll sort off this way. For those
1:15.5	that are familiar with you and don't know anything about you, maybe take a few moments and tell
1:19.5	some more about yourself, your background, then ultimately how you found your way into the real
1:22.5	estate world. Sure. So real, yeah. So I have been in the, in the mortgage, dispensed mortgage
1:31.6	notes space since 2013. Prior to that, I was a debt collection attorney for over 20 years. I
1:37.1	basically found my way in the debt, in the mortgage side, just from the standpoint of, well,
1:41.2	I've been in debt all my life just not personally um so um you know
1:46.5	in that regard uh you know in doing debt collection and then and turning around and doing uh
1:52.8	you know distressed mortgage notes it's the same debt instrument did a different debt instrument
1:57.2	but the same kind of realm of all that. Generating cash flow is kind of the,
2:01.7	you know, what our mission and our forte truly is. I mean, you know, I grew up in Denver,
	...

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