Diving Deep into Distressed Mortgages with Jay Tenenbaum

In a recent episode of the "Founder Wisdom Podcast," Charles hosts Jay Tenenbaum, the co-founder of Scottsdale Real Estate Investment. Jay, a serial entrepreneur, delves into his journey from being a debt collection attorney to venturing into the world of distressed mortgages. He shares insights into the secondary mortgage market, explaining how he buys defaulted mortgages at a significant discount and then either modifies them to turn them into performing assets or forecloses to gain the property. Jay emphasizes the potential profitability of this niche, contrasting it with traditional real estate investments. Throughout the conversation, Jay's entrepreneurial spirit and expertise in the realm of real estate investment shine through.