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Hey Note Closers! Scott Carson here, ready to share some hard-earned wisdom to help you avoid the pitfalls many note investors fall into. Based on two decades of experience, I've identified the 11 most common mistakes, and I'm here to show you how to sidestep them and unlock true note investing success.
The 11 Biggest Mistakes:
This episode isn't about bashing anyone; it's about empowering you with the knowledge to avoid costly errors and maximize your returns. Here are the 11 mistakes to avoid:
-Only Bidding Based on Bank Balance: Don't let your available funds limit your bidding. Explore multiple funding options and bid aggressively.
-Not Marketing for Private Money: Actively seek private money lenders. Don't wait for the "perfect" deal; start marketing before you have a deal secured.
-Not Building an Email Database: Develop an email list of contacts and investors to stay top-of-mind and consistently promote deals.
-Only Bidding on One Asset: Bid on multiple properties to increase your chances of acceptance.
-Making Ridiculously Low Ball Bids: Don't undervalue assets; find a balance between aggressive and reasonable offers.
-Only Targeting Your Local Market: Expand beyond geographical limitations and explore deals across a wider region.
-Focusing Only on "Fast" Foreclosures: Diversify your portfolio to include a range of note types, including performing notes with strong cash flow.
-Using Only One Exit Strategy: Develop multiple exit strategies (foreclosure, modification, etc.) to handle unexpected situations.
-Marketing to Bad Leads: Don't waste time or money on leads that are unlikely to yield success. Target banks, lenders and build your own qualified list.
-Starting as a Wholesaler: Don't jump into wholesaling without a strong marketing strategy and funding in place.
-Relying on a Single Lead Source: Diversify your lead sources to avoid being limited by a single vendor.
Avoid These Mistakes and Unlock Your Potential:
By learning from these mistakes, you can position yourself for greater success in the note investing world. Join our upcoming workshop to learn strategies for locating assets, raising capital, and executing deals profitably!
Learn More:
Attend our workshop on April 25-27th by signing up at HTTP://NoteBuyingForDummies.com!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Get signed up for the Next Virtual Note Buying Workshop Now!
Howdy, partners! Scott Carson here, ready to dive into the exciting world of Texas foreclosures. Finding distressed assets in the Lone Star State can be a real treasure hunt, but with the right tools, it can be a profitable adventure (and maybe even more fun than wrangling a stubborn longhorn).
Texas is famously lender-friendly; fast foreclosures are common. This is a double-edged sword. While it's great for lenders, it means that the competition for those deals can be fierce! The banks know about fast turnarounds, and that drives up prices for those quick deals.
That's why I often look outside Texas to buy notes—90% of my note investments are from other states. But when I do find a great Texas opportunity, the speed and velocity of capital make it worth the higher cost. Plus, you can often get a deal completed in as little as 21 days—no need to wait six or 12 months.
This means you have to be faster than a speeding bullet. You'll be able to use your funds to complete another deal quickly—which is like winning the lottery, except instead of lottery tickets, you buy notes and close deals.
So how do you compete? You need information that beats the competition. Here are five tips on using the Roddy List, the powerful Texas foreclosure tool that helps you to uncover amazing deals.
Using the Roddy list is a shortcut to your success. Instead of randomly sending out postcards, you're going after the lenders directly. SIGN UP FOR THE RODDY LIST HERE!
The Roddy List gives you a head start by giving you access to crucial information and the edge you need to be a successful Texas investor. The list is updated monthly. You can even find out if properties have been previously listed, making it easier to spot those distressed assets ripe for negotiation!
Happy hunting, y'all! Until next time... remember, a little bit of hustle can go a long way.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Book a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!
Sign up for the Note Buying Workshop HERE!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Get signed up for the Next Virtual Note Buying Workshop Now!
Find Non-Performing Notes (NPNs) in 2025: The Note Guy's Insider Secrets
Happy New Year, deal-seekers! Scott Carson, aka The Note Guy, started 2025 with an explosive Note Night in America episode, revealing his top strategies for finding lucrative non-performing notes (NPNs). Forget the spoon-fed deals; Scott's strategies empower you to proactively hunt for hidden gems and build a thriving note investing business. He's been doing it for over two decades and has the proof!
This isn't your grandma's note investing approach. Scott's not just sharing theories; he's divulging the precise methods he uses to find and secure high-yield NPNs. He stresses the importance of choosing a niche (residential vs. commercial, performing vs. non-performing), defining your "buy box" (criteria for ideal notes), and mastering the art of marketing.
Scott's Top Strategies for Unearthing NPNs:
Humor and Practical Advice:
Scott's insights are practical and sprinkled with humor—especially when he shares tales of his own successes, mistakes, and some of his unique strategies, emphasizing the value of persistence and the importance of working smart rather than just working hard.
His humorous take on lowball offers serves as a reminder that respectful relationship-building can lead to more lucrative results than aggressive tactics. He warns against the pitfalls of relying on generic online platforms and stresses the need to define your target market and focus on specific niches.
Scott’s message is clear: Finding the best NPNs isn't about luck; it's about strategy, persistence, and leveraging the right tools and techniques. Don't waste your time chasing every deal that comes along. Use his tips to narrow your search, focus your efforts, and start building the lucrative note investing business you’ve always dreamed of.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Get signed up for the Next Virtual Note Buying Workshop Now!
In today's digital age, a strong online presence is crucial for real estate investors. But with so many social media platforms vying for your attention, where should you focus your efforts? Today's podcast features Anthony Jones, a LinkedIn expert with over 20 years of experience, who shares his insights on leveraging LinkedIn for real estate success. He's not just talking about posting random updates; he's sharing strategies for building a powerful personal brand and generating consistent deal flow.
Anthony's journey started unexpectedly in the non-profit world, where he discovered the power of LinkedIn for fundraising. But he quickly realized its potential for business growth, transforming it into a primary lead generation tool. He jokingly refers to his initial LinkedIn experience as "learning by doing," a testament to the power of experimentation and the iterative process of building a successful online presence.
Anthony's advice focuses on using LinkedIn for relationship-building, brand building, and consistent engagement, rather than just for cold outreach or sales pitches.
Here are five key takeaways from his insights:
Anthony's expertise extends beyond simply using LinkedIn; he provides coaching and resources for those seeking to build their personal brands, create content, and leverage LinkedIn effectively. He recently launched the Brandwagon Club, an online community dedicated to helping real estate professionals master LinkedIn. Remember, building a strong personal brand takes time and effort, but the rewards are worth it. It's not just about closing deals; it's about building long-term relationships and establishing yourself as a trusted expert in your field.
You can connect with Anthony Jones on LinkedIn and through his Brandwagon Club. Remember, building a successful real estate business involves more than just finding deals. It also requires strategic marketing, consistent engagement, and a commitment to building your personal brand. Until next time, happy investing!
Watch the original VIDEO HERE!
Connect with Anthony HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Book a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!
Wholesaling notes can be a lucrative strategy for real estate investors, offering a path to quick profits and building valuable experience. But, like any business venture, it requires knowledge, strategy, and a dash of good old-fashioned hustle. Today's podcast dives into the thirteen critical questions you should always ask yourself before diving into a note wholesaling deal. Skipping these steps could mean losing time, money and potentially your sanity (which, as any seasoned entrepreneur knows, is a precious resource).
Think of it this way: you wouldn't walk into a high-stakes poker game without knowing the rules, would you? Similarly, approaching note wholesaling without a solid understanding of the deal can lead to costly mistakes. To avoid that, let’s go through the thirteen questions that you should always ask yourself before buying a note:
The remaining eight questions cover equally important aspects: Are you direct to the seller or working with another broker? What is the overall profit margin? What are the pros and cons? Do you have a buyer's list (and are you using it properly)? How are you marketing the deal? Where are your buyers located? And, finally, would you actually buy the deal and what's stopping you? If you can't answer this last question, move on. Your time is precious.
Remember, note wholesaling is a numbers game—but the numbers need to be accurate. By asking these 13 key questions, you'll significantly increase your chances of finding profitable deals and avoiding costly mistakes. It's a process that requires constant education, attention to detail, and the willingness to learn from both your successes and your mistakes. Happy investing!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Sign up for the next Note Buying Workshop HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Get signed up for the Next Virtual Note Buying Workshop Now!
The year's winding down faster than a foreclosure auction in Texas! We're knee-deep in holiday cheer (and maybe a few too many pumpkin spice lattes), but let's not let the holiday spirit distract us from setting ourselves up for a wildly successful 2025. This week, I'm sharing my end-of-year checklist to make sure you're not caught napping when the new year rolls around.
Let’s be honest, sometimes planning for the future feels about as fun as filing your taxes (and about as relaxing as a root canal). But if you take a little time now to prepare, you'll thank yourself later when your business is thriving. Think of it as pre-gaming for your next financial victory — you wouldn't show up to a major real estate deal unprepared, would you?
Here’s my action plan – a mix of strategic moves and tactical tweaks to keep your business running smoothly. I’ve broken it down into ten tasks that should be done, no questions asked:
The rest of my checklist involves reviewing past year's goals, updating your marketing calendar, refining your pitch decks, reviewing expenses, and, finally, celebrating your wins.
This isn’t just about hitting numbers; it's about building a solid foundation for continued growth. Just like building a strong real estate portfolio requires planning, patience, and the right approach, building a thriving business necessitates consistent review and optimization.
Remember, this isn't some theoretical exercise. We’re talking about real-world strategies. Taking these steps now will save you time, stress, and maybe even a few headaches in the new year.
The new year is just around the corner; take control of your success by putting in the work today. I can't wait to see what you all accomplish in the coming year. Until next time, happy investing!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Hey note-heads! Get ready for a wild ride through the world of distressed assets! In this LIVE recording of Note Night in America, we're tackling a massive list – a whopping 278 notes! Get your coffee brewed and your spreadsheets ready, because this isn't your grandma's note investing tutorial.
This isn’t just another podcast; it's a masterclass in uncovering hidden gems (and avoiding potential money pits). We're diving headfirst into a mountain of data, sharing our secret sauce for sorting the good notes from the not-so-good (and why you should avoid Chicago real estate at all costs).
Key takeaways from this episode:
Florida Fun and Foreclosure Frenzy: We're focusing heavily on Florida's note market, which is as vibrant and diverse as its landscape (and potentially just as unpredictable!). We'll decode the nuances of reverse mortgages – think dollar payments, crazy equity situations, and the sometimes-bizarre world of dealing with heirs (no Ouija boards required, we promise!).
Spreadsheet Savvy: Prepare for a spreadsheet showdown! We're pulling back the curtain on our analysis process, revealing the formulas and techniques we use to identify the most promising deals. We discuss how to interpret key data points like LTV, DTI, and other crucial metrics, which will help you make more informed investment decisions.
Location, Location, Location (and maybe, avoiding Illinois!): We’re not afraid to share our opinions on the best (and worst!) states for note investing. Some states are high-yield goldmines, while others are complete wastelands. Learn where to focus your energies and which ones to avoid at all costs. (Seriously, avoid Chicago).
Reverse Mortgage Mysteries: We unveil the secrets of reverse mortgages. We break down how to identify these complex deals, assess the risks, and determine if they're the right fit for your investment strategy.
Live Q&A and Community Connection: This was a live podcast, so we're answering questions from our community of note investors in real-time. Tune in to hear our insights and advice on various real-estate investing topics, plus hear some funny stories and off-the-cuff humor.
Beyond the Numbers:
It’s more than just data. This podcast episode is as much about strategy and building an effective investment plan as it is about spreadsheets. We delve into the importance of setting realistic investment goals, understanding the diverse motivations and strategies of fellow investors, and choosing notes that best align with your personal financial objectives.
More to Explore:
Want a deeper dive into our analysis? This episode also includes access to the 278-note spreadsheet that we analyze in the podcast. Join our WCN Membership community for exclusive access to resources, tools, and ongoing support! HTTP://NoteUmbrella.com
This podcast is packed with real-world experiences, practical advice, and enough humor to keep you engaged from start to finish. It’s a must-listen for any note investor looking to sharpen their skills and uncover more profitable opportunities. Let us know your thoughts in the comments!
Don't forget to subscribe and hit that notification bell for more Note Money mayhem!
Watch the Original VIDEO HERE!
Book a Call With SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Get Signed Up For the Next Note Buying Workshop HERE!
Get Signed Up For the WCN Membership HERE!
Unlock Your Real Estate Investing Potential with Damon Ramey & REI Blackbook
http://snip.ly/REIBLACKBOOK
Join Scott Carson on The NoteCloser Show as he welcomes Damon Ramey, a real estate investment expert and the mastermind behind REI Blackbook. This insightful episode delves deep into the strategies and tools that can transform your real estate investing journey. Damon, a passionate advocate for simplifying financial freedom, shares his extensive experience and wisdom, offering actionable advice for both seasoned investors and those just starting out.
This episode isn't just about software; it's about building a robust, efficient system to support your goals. Damon reveals a treasure map of systems, emphasizing that a well-oiled system is the engine for success. He dismantles the common pitfalls of disjointed tools and manual processes, highlighting the power of integration and automation.
Key Takeaways:
-Clarify Your Vision: Define your "why" and let that purpose fuel your real estate endeavors. Damon emphasizes that financial freedom is achieved through clarity and purpose-driven action. He shares a powerful cancellation letter illustrating how his clients achieve this freedom.
-Automate Lead Tracking and Follow-up: Avoid relying on your cell phone for marketing; utilize a system to manage leads efficiently, track sources, and automate follow-up sequences. This allows you to see where your marketing investments are yielding the best return.
-Analyze Deals Quickly: Utilize the power of REI Blackbook’s intuitive deal analysis tools to quickly assess the viability of potential investments. This saves valuable time and ensures informed decision-making.
-Implement a Smart System: Avoid disjointed tools and workflows. REI Blackbook offers an integrated platform to manage leads, contacts, communications, and deal analysis, creating a streamlined and efficient workflow.
-Embrace the Power of Follow-Up: Consistent follow-up is key to closing deals. Damon shares strategies for effective communication and persistent follow-up, emphasizing that 80% of sales happen after the fifth contact.
-Leverage the REI Blackbook Platform: REI Blackbook provides the necessary tools for lead generation, lead tracking, deal analysis, and communication management, allowing you to manage your entire real estate investing system within one platform.
This episode concludes with a special offer: For a limited time, you can access REI Blackbook for just $1 and receive a 14-day trial, plus a free vision-building workshop.
SIGN UP FOR REI BLACKBOOK at http://snip.ly/REIBLACKBOOK
Ready to elevate your real estate investing game? Click the link below to learn more and take advantage of this incredible offer! Don't miss out on this opportunity to transform your business and start down the path to achieving financial freedom.
Watch the original VIDEO HERE!
Book a call with SCOTT at HTTP://TalkWithScottCarson.com
About Damon Remy:
As the brains and heart behind REI BlackBook, Damon's total focus is on doing it better, dreaming it bigger, building for the future, listening to the REI BlackBook community needs, and ensuring the BlackBook team understands the company mission and purpose so their hearts, as well as their minds, are engaged every day. Damon is an exuberant father to his 4 kids Dallas, Kenna, Mya and Dax (which includes coaching them in basketball in his spare time,) and one heck of a singer (who landed his wife, Jackie, with a karaoke song,) Damon believes that helping others succeed is the best way to spend your time.
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Get Signed Up For the WCN Membership HERE!
Unlock the 3 Payday System: Creative Real Estate Financing Secrets
Are you ready to discover the secret behind closing real estate deals without relying on traditional banks? What if I told you there's a proven system that lets you secure deals and maximize profits, even in today's unpredictable market? It's not what you think, and it's definitely not what the media is telling you. This system has helped investors achieve jaw-dropping financial gains, and it's something you wouldn't expect. Want to find out more? Stay tuned for the unexpected reveal.
In this episode, you will be able to:
-Uncover the hidden potential of foreclosure investments for real estate success.
-Learn how to utilize subject-to-deals to create multiple paydays and win-win scenarios.
-Harness the benefits of owner financing to revolutionize your real estate game.
-Master the art of real estate success without relying on traditional banks.
-Learn the strategies for creating three paydays in your real estate investing journey.
-Overcome the challenges that come with real estate investment and emerge victorious.
Sign up for Chris's next BootCamp at http://snip.ly/WICKEDSMART
Watch the original VIDEO HERE!
Book a call with Scott HERE!
Love the show? Subscribe, rate, review, and share!
Join Note Night in America community today:
Sign up for the next FREE Note Weekend Class HERE!
From the publisher's feed
Unlock Six Figures & Beyond in Distressed Debt Investing.
Welcome to "Note Night in America," the essential weekly podcast for savvy real estate…
Since 2010, Scott has mentored the "Who's Who" in the note industry, helping investors close on thousands of deals and providing the specific coaching needed to build a successful real estate business.
What We Cover (Topics & Keywords):
Meet Your Host: Scott Carson
A 20-plus year veteran as a real estate investor and entrepreneur, Scott is a multiple award winning educator and podcaster, and a media favorite, featured in The Wall Street Journal, Inc.com, Investors Business Daily, and hundreds of conferences, podcasts, and real estate clubs across the country. He brings honest, no-bull experience to help you reduce your learning curve and maximize the learning process.
Join the Tribe:
Subscribe now and start your journey to financial freedom through debt investing!