The Best Of Scott Carson - Mastering the Art of Note Investing

Investing in real estate notes can be a great way to build wealth and generate income. But with many different types of mortgage notes, funding strategies, and risks to consider, where do you start? Join JD and Melissa with their guest Scott Carson to discuss the essential need-to-know basics to get you started on your note investing journey! Stay tuned!

Here’s what to expect on the podcast:

• How do you get started in the note investing business?
• How does a note investment work?
• Why should you consider purchasing non-performing notes?
• How do real estate notes make money?
• How do you acquire the capital needed to buy these discounted notes in the bank?
• And much more!

About Scott:

Scott is the owner and managing member of WeCloseNotes.com, an Austin-based, defaulted note buying company. I specialize in finding nonperforming notes on residential and commercial properties and purchasing these notes for our portfolio. 

Scott has a variety of classes and educational products to help other real estate investors looking to learn more about notes and distressed debt investing. He teaches a 3-day workshop for investors on buying defaulted notes called the Virtual Note Buying Workshop that focuses on how to Find, Fund, and Flip nonperforming notes directly from banks.

Note investing is much easier than you think. In this Action Items episode, Scott Carson gives the basics on how you can get started in the business. Consistency is key in finding and closing deals and there’s always value in following up.

Scott Carson is a highly sought-after guest and host of the popular podcast, the Note Closers Show. An active entrepreneur, he is an expert in real estate investing, marketing, and podcasting. He speaks regularly at different events and industry conventions focused on real estate, marketing, and podcasting. He also helps thousands of investors and entrepreneurs each year create wealth through his debt buying classes, podcasts and coaching. A regular podcast guest, he was recently named the #4 Entrepreneur to Follow in 2002 by US News Reporter Magazine. An avid sports fan, he spends his free time traveling, gardening, and making memories. He calls Austin, Texas home.

[00:01 – 10:44] Jumping into Note Investing

• You don’t need to have a lot of money in the bank
• Invest time to connect with asset managers
• Follow up, follow up, and follow up
• Utilizing VAs to make calls
• Where can you find your first note?
• Research online for note websites
• Go to the county clerk and look for the assignments of mortgages
• Dealing with BPOs

[10:45 – 17:16] How to Be a Successful Note Investor

• Avoid analysis paralysis
• Focus on one thing first before diversifying
• Talk to people in the industry and get insights
• For multifamily investors, consider looking into smaller markets

[17:17 – 19:57] Closing Segment

• Why you should own a debt now
• Connect with Scott!

Tweetable Quotes:

“That's part of what's made us successful over this timeframe is that we just literally follow up and follow up. We don't expect an email to be a yes right now. But at some point, you're either going to hit that unsubscribe button or you’re going to say huh, let me call this guy or gal. They're consistent. Let's talk to him.” - Scott Carson

“If you suffer from analysis paralysis, you're not going to be good at notes or really, anything.”  - Scott Carson

“Note investing is not 'get rich quick'. It’s 'get wealthy over time'.” - Scott Carson

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Socials and Links

Connect with Scott on the We Close Notes website.

Listen to their podcasts, Note Night In America and The Note Closers Show. Join Scott’s one-day class for FREE using the code Taylor at noteweekend.com!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.

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Scott is the owner and managing member of WeCloseNotes.com, an Austin-based, defaulted note buying company. He specializes in finding non-performing notes on residential and commercial properties and purchasing these notes for his portfolio. He is also a nationally syndicated radio host of the popular podcast, The Note Closers Show which has millions of listeners across 17 AM and FM radio stations and downloads across 130 countries.

Scott has a variety of classes and educational products to help other real estate investors looking to learn more about notes and distressed debt investing. He teaches a 3-day workshop for investors on buying defaulted notes called the Virtual Note Buying Workshop that focuses on how to Find, Fund, and Flip non-performing notes directly from banks.

Also, once to twice a year, Scott hosts the popular online summit and conference, Note Camp, which features twenty to thirty speakers and experts in the note space. Note Camp is the longest-running online conference of its type and regularly features 500 plus attendees. Topics include residential and commercial notes, servicing, workout, due diligence, marketing, raising private capital, and other topics. Note Camp is a great starting point for new note investors to get a broad bit of knowledge on different topics in the note space.

Scott was the previous Sr. Real Estate Coach for RealEstateProfitCoach.com and a Mortgage Banker and Vice President with JPMorgan Chase. He was also responsible for the successful launch of Ariel Capital Mortgage Lending that helped provide investors with bank financing on their residential properties in over 30 states.

The Note Closers Show Podcast is focused on the niche of distressed note and debt investing with the content split between educational aspects of the industry along with interviewing industry experts, investors, and other entrepreneurial-based subjects that investors face daily.

Specialties: Non-Performing Notes, Raising Private Money, Short Sales, Defaulted Paper, Residential and Commercial Investing along with marketing and podcasting.

What you will learn in this episode:

• What you can expect to learn from Scott during the Wicked Smart Summit
• Why investors in the note business are less likely to be afraid of bankruptcies than other real estate investors
• How the note business can create win-win-win scenarios for the banks, homeowners, and investors
• How to structure deals that can allow homeowners to stay in their homes when they’re approaching foreclosure
• Why rising interest rates will cause the note business to increase

Resources:

• Podcast: https://weclosenotes.com/note-closers-show-podcast/
• Website: https://weclosenotes.com/
• YouTube: https://www.youtube.com/c/WeCloseNotes
• Facebook: https://www.facebook.com/1scottcarson/?fref=ts
• Twitter: https://twitter.com/1scottcarson
• Instagram: https://www.instagram.com/1scottcarson/
• Note Weekend: https://noteweekend.com
• LinkedIn: https://www.linkedin.com/in/1scottcarson

Scott Carson is a great example of a financial services company that has truly gained its success from grass roots, thought leadership marketing.

On this episode we discuss why every company is a media company, and how to take a marketing first approach, no matter what your firm does.

Scott is the owner and managing member of WeCloseNotes.com, an Austin-based, defaulted note buying company and a nationally syndicated radio host of the popular podcast, The Note Closers Show which has millions of listeners.

Note investing is a great starting point for future real estate investors thanks to the many ways you can do it without actually touching a property, but it's hard to figure out the best specific option for yourself when you're just getting started.

That's why we're bringing Scott Carson, a 14 year veteran with over 1,000 podcast episodes about note investing, to guide YOU through the nuances of this asset class!

We'll discuss:

- How note investing works, and how to get started

- The biggest mistakes most people make (Scott included!) when they first start investing in notes, and how to avoid them

- Who should invest in performing notes vs non-performing notes

- And much more!

Scott has taught thousands of investors how to best approach note investing and we're bringing him on the NYAIS to talk to YOU! Don't miss the chance to understand an asset class that so many people overlook!

In this episode of The Real Estate Investing Club I interview Scott from We Close Notes, Previous Banker and Mortgage Broker. Dived into Note Investing in 2007 and has been known as the Note Guy over the past 14 years. Purchased over $1B in distressed debt. Host of the Note Closers Show Podcast with over 1M downloads. Austin, TX is home and have a large REI Podcast Host community on FB.. Scott from We Close Notes is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Scott from We Close Notes? Reach out at www.weclosenotes.com.

If you love what you are listening to, then make sure to check out the #1 podcast for note investors by listening to The Note Closers Show!

LISTEN HERE!

CHECK OUT OUR #1 YOUTUBE CHANNEL HERE!

Scott is the owner and managing member of WeCloseNotes.com, an Austin-based, defaulted note buying company. He specializes in finding nonperforming notes on residential and commercial properties and purchasing these notes for our own portfolio. He is also a nationally syndicated radio host of the popular podcast, The Note Closers Show which has millions of listeners across 17 AM and FM radio stations and downloads across 130 countries.

Scott has a variety of classes and educational products to help other real estate investors looking to learn more about notes and distressed debt investing. He teaches a 3-day workshop for investors on buying defaulted notes called the Virtual Note Buying Workshop that focuses on how to Find, Fund and Flip nonperforming notes directly from banks

Scott Carson, our special guest today, has been an active real estate investor and entrepreneur since 2002, focusing on the niche of distressed mortgage notes. Since 2008 he has purchased over $1 Billion in distressed notes on residential and commercial properties all across the country.

He has helped thousands of real estate investors and entrepreneurs create wealth through his debt buying tactics and classes helping his students close thousands of deals. He also hosts the nationally syndicated radio and podcast Note Closers Show Podcast with millions of listeners each month. An avid sports fan, he spends his free time traveling, gardening, and making memories. He calls Austin, Texas home with his better half, Stephanie and their four-legged kids.

This episode talks about:

• What are distressed mortgage notes?
• How can one buy debt and become the bank?
• How does note investing work?
• Where to find a mortgage note to buy?
• Important details to consider before purchasing notes.
• How to determine a good note vs a bad note?
• The importance of hiring a third party professional on behalf of the investor or lender in the foreclosure process
• Do you need a professional license to get into note investing?
• The distinction between active note investing and passive note investing
• Leverage your Infinite Banking Cash Value while buying notes or investing passively in a fund with those who are actively involved in note investing
• Ways to keep your properties now that the federal foreclosure moratorium has ended (as of Nov 2021).
• Who is “We Close Notes” and what services do they offer?

Here is the link:

https://podcasts.apple.com/us/podcast/taking-real-estate-notes-to-another-level-with-scott-carson/id1535252232?i=1000546304010

Join me in this weeks episode of Eight Billion podcast with Scott Carson. Also known as The Note Guy, Scott is a real estate investor, podcast and radio host of Note Closers and trains others to expand their investing opportunities by purchasing distressed notes from financial institutions from all across the nation.

We sit down to discuss how he got into the industry, the process of purchasing distressed notes from the bank, how he teaches others to create the same investment opportunities. The best part of his work is his capacity to help distressed homeowners save their homes. If you'd like to learn what Scott does or to hear how he helped a family pay off their mortgage this is an episode you won't want to miss. Scott is truly a stand-out human being creating wealth for himself and helping others in the process.

To learn more about Scott Carson: https://weclosenotes.com/

Watch Episodes of We Close Notes: https://www.youtube.com/channel/UC4wtruvVdVPfp35F2CI95nQ

To hear more about the Eight Billion Project podcast, please go to https://eightbillionproject.com/. You can also subscribe and listen to Eight Billion Project on YouTube and Apple Podcast.

If this episode has moved you in any way, please review and share your thoughts at [email protected]

Scott Carson is an expert in buying distressed loans and engineering value improvements to these loans. Scott and Victor discuss the current market, the foreclosure and eviction moratorium and what the future holds for debt investors in 2022.

You can connect with Scott at WeCloseNotes.com. Or you can sign up for a complimentary seat at their weekend note closing workshop at noteweekend.com where you can attend the workshop for free with the promo code "victor".

Here’s the link to the full interview: https://podcasts.apple.com/us/podcast/scott-carson/id1340482613?i=1000544628685