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Buying Notes for 50% Off with Scott Carson - Part 2
In this conversation, Scott Carson, known as the Note Guy, shares his extensive experience in note investing, particularly in distressed mortgages. He discusses the transition from traditional real estate investing to the note business, explaining the nuances of buying and managing mortgage notes. Scott elaborates on the importance of due diligence, negotiation with lenders, and maintaining relationships with banks. He also shares insights on funding strategies, creative approaches to note investing, and lessons learned from his best and worst deals.
Takeaways
1. Scott Carson is known as the Note Guy and has extensive experience in note investing.
2. He transitioned from traditional real estate to buying distressed mortgages after the 2008 financial crisis.
3. Note investing involves becoming the lender rather than owning the property.
4. Due diligence is crucial in evaluating notes, including assessing the borrower's payment history.
5. Building relationships with banks and asset managers is key to finding good deals.
6. Negotiation with lenders can lead to significant discounts on notes.
7. It's important to have a clear understanding of the risks involved in note investing.
8. Creative strategies can turn non-performing notes into performing assets.
9. Maintaining consistent follow-up with lenders can lead to more opportunities.
10. Understanding the market and being aware of red flags can prevent costly mistakes.
Chapters
Navigating Note Investments: Key Principles
Creative Strategies in Note Investing
Building Relationships with Banks
Funding Strategies for Note Investments
Lessons from Successes and Failures in Note Investing
Scott's Links
Website: WeCloseNotes.com - This is where you can see their classes and book a call with Scott.
Podcast: "The Note Closers Show" - Available on various podcast platforms.
Social Media:
- Instagram: @1ScottCarson
- Facebook: @1ScottCarson
- LinkedIn: https://www.linkedin.com/in/1scottcarson/
- Twitter/X: @1ScottCarson
Special Offer: Scott mentioned a free three-hour course available at NoteWeekend.com.
Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ
Want to learn more about CRE? investbeyondmultifamily.com/course
Use Code for 10% off: tanhtruong
🔋 Support My Channel 🔋
Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5
Sats via Strike: https://strike.me/tanh
Dollars via Paypal: https://www.paypal.com/paypalme/tanht
Dollars via Venmo: https://account.venmo.com/u/tanh-truong
🌍 Website: https://www.wontonwealth.com
✖️ X: http://www.x.com/tanhtruong
📷 IG: http://www.instagram.com/pro_tanh
🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/
❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
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By Tanh Truong
5
88 ratings
In this conversation, Scott Carson, known as the Note Guy, shares his extensive experience in note investing, particularly in distressed mortgages. He discusses the transition from traditional real estate investing to the note business, explaining the nuances of buying and managing mortgage notes. Scott elaborates on the importance of due diligence, negotiation with lenders, and maintaining relationships with banks. He also shares insights on funding strategies, creative approaches to note investing, and lessons learned from his best and worst deals.
Takeaways
1. Scott Carson is known as the Note Guy and has extensive experience in note investing.
2. He transitioned from traditional real estate to buying distressed mortgages after the 2008 financial crisis.
3. Note investing involves becoming the lender rather than owning the property.
4. Due diligence is crucial in evaluating notes, including assessing the borrower's payment history.
5. Building relationships with banks and asset managers is key to finding good deals.
6. Negotiation with lenders can lead to significant discounts on notes.
7. It's important to have a clear understanding of the risks involved in note investing.
8. Creative strategies can turn non-performing notes into performing assets.
9. Maintaining consistent follow-up with lenders can lead to more opportunities.
10. Understanding the market and being aware of red flags can prevent costly mistakes.
Chapters
Navigating Note Investments: Key Principles
Creative Strategies in Note Investing
Building Relationships with Banks
Funding Strategies for Note Investments
Lessons from Successes and Failures in Note Investing
Scott's Links
Website: WeCloseNotes.com - This is where you can see their classes and book a call with Scott.
Podcast: "The Note Closers Show" - Available on various podcast platforms.
Social Media:
- Instagram: @1ScottCarson
- Facebook: @1ScottCarson
- LinkedIn: https://www.linkedin.com/in/1scottcarson/
- Twitter/X: @1ScottCarson
Special Offer: Scott mentioned a free three-hour course available at NoteWeekend.com.
Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ
Want to learn more about CRE? investbeyondmultifamily.com/course
Use Code for 10% off: tanhtruong
🔋 Support My Channel 🔋
Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5
Sats via Strike: https://strike.me/tanh
Dollars via Paypal: https://www.paypal.com/paypalme/tanht
Dollars via Venmo: https://account.venmo.com/u/tanh-truong
🌍 Website: https://www.wontonwealth.com
✖️ X: http://www.x.com/tanhtruong
📷 IG: http://www.instagram.com/pro_tanh
🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/
❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.