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

Welcome back to Pave The Way! Today I have Scott Carson from We Close Notes on the show to talk to everyone about the fascinating world of note investing. On today’s show, you will learn the following...

-Scotts Background

-What is the Note business exactly?

-Why Scott moved to the “dark side:” of REI and the benefits of the note business

-How can you successfully exit notes to make healthy profits?

-How do you find these notes to have consistent deal flow

-What does Scott do to raise capital for his note deals?

-What is the biggest thing he sees that holds people back from reaching their goals?

Weclosenotes.com

https://noteblueprint.com/freebook

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This week’s guest is Scott Carson, aka “The Note Guy”. Scott enlightens us with the story of how he managed to reduce a borrower’s balance, dropped their interest rate to zero, and decreased their mortgage by years.This was such a success story, their grandchild was even named after him!

If you’ve ever wanted to learn more about the investment strategy and structure behind picking up non-performing mortgage notes and flipping them to profit, Scott is the man to listen to.

In this episode, you will learn how the distressed mortgage industry operates, who are the key players of the team, and most importantly, all the creative ways deals can be structured to lead to profit!

Scott’s Bio:

Scott is the President & CEO of WeCloseNotes.com, an Austin based, defaulted note buying company. They specialize in finding nonperforming notes on residential and commercial properties and purchasing these notes for their own portfolio.

Scott has been in the mortgage, finance, and banking industry since 2001. Being an active real estate investor since 2002, he has been actively buying notes on residential and commercial properties since 2005. Scott also teaches Note Buying For Dummies, a 3 day workshop for investors on buying defaulted notes.

Previously, Scott was a Sr. Real Estate Coach for RealEstateProfitCoach.com and a Mortgage Banker and Vice President with JPMorgan Chase.

 How to Contact Scott:

www.weclosenotes.com

Free E-Book offer: https://noteblueprint.com/freebook

Scott Carson takes us on his journey from his banking and finance background to real estate investing to becoming an entrepreneur who specializes in investing in non-performing mortgages.   He explains how to identify and buy non-performing notes and how he bought over $500 million in distressed debt for his own portfolio. He also explains the risks, how he conducts his due diligence, and his precise strategy for making non-performing notes into  profitable investments. Scott also talks about his entrepreneurial journey as the founder and CEO of WeCloseNotes.com and shares how he built his business, how he developed his information products and coaching programs, and how he scaled his business through networking and content marketing. He also talks about why and how be built his company with a location independent infrastructure so he can run it remotely while traveling the world.  Scott then talks about his leadership style as a CEO, his tips on hiring and managing staff, the importance of training and process building, and explains his concept of the “marketing octagon’. Scott then talks about how and why he started The Note Closers Show podcast, what the business benefits have been, and what tips and lessons he has after publishing nearly 500 episodes.  We then talk about Scott’s lifestyle design, what he loves about world travel, and how he chooses his destinations. Full Show Notes Available at www.TheMaverickShow.com

Here is the direct link to your interview. https://www.themaverickshow.com/podcast/41-buying-500-million-in-distressed-debt-and-mastering-the-note-investment-game-with-scott-carson/?utm_source=tms_guest&utm_medium=guest_promo&utm_content=tms_41_scott_carson&utm_campaign=tms_41_scott_carson

How can you find the very best investment opportunities in real estate? What about buying notes? What are notes and how do you find them? What are the risks and the opportunities involved with buying real estate notes? Jordan Goodman talks with Scott Carson, founder and CEO of We Buy Notes, about the unique investment opportunity that note buying offers in the first half of today’s show. In the second half Goodman talks with Seth Williams, real estate investor and influencer, about his experience with real estate investing and his top tips to help investors be successful. Williams, found of RETipster, talks with Goodman about the adaptability of real estate investing to fit the needs of each unique investor, how to identify and pursue the right things and how to prioritize your goals to find success.

Today’s guest is in a unique industry and he talks about how you can buy non-performing debt on home loans, cars and more and turn that into a profit by essentially becoming the bank, and helping people while you’re at it. He’s closed over a billion dollars doing just that.

Please welcome Scott Carson

Here is the direct link to your interview. https://www.learningfromothers.com/scott-carson/

Scott Carson is a huge baseball fan and real estate entrepreneur who started buying distressed debt in 2005. Listen to Ep51 as Scott describes how the 2008 mortgage crisis and personal circumstances prompted a road trip to visit all MLB parks, which serendipitously helped him become a nationally known speaker and educator in the notes niche. After 3 years on the road, Scott is back in Austin, TX where he is using virtual workshops and podcasting to develop a new generation of note closers.

http://weclosenotes.com/

https://restream.io/

https://www.keynotespeaker.tv/

07:23s The “note” business, buying distressed debt

10:15s Rehabbing the borrower and statistics on defaults

12:36s How notes / foreclosures / properties are valued

15:52s Psychology and working with borrowers to negotiate new terms

19:43s The borrower’s point of view when notes changes hands

20:54s Teaching the closing notes business

23:57s Co-opetition, working together and collaborating within the note industry

25:50s Working in a mortgage company when the mortgage crisis hit

28:20s Visa commercial inspires a national tour of Major League Baseball parks

31:00s Thirty day tour turns into three year roadtrip meeting with bankers and asset managers

32:53s Starting to use videos in the note space

34:30s Moving back to Austin, TX and moving hotel workshops to virtual workshops online

39:50s The power of podcasting to revolutionize your business

41:35s Embracing new technologies and discovering restream.io for video streaming

51:15s Seeking counsel vs seeking advice

“Technology is constantly changing and a lot of people and still trying to do business like it was a few years ago.”

“It’s a lot easier to do it [learn new technologies] than most people expect, it’s just that you have to kind of take that mind block that a lot of people have, that fear, and put it to the side.”

“My biggest goal when I started teaching and doing these workshops and educating people was trying to help avoid the same mistakes that I made early on. Seek counsel, don’t ask advice.” 

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Scott Carson, an old-time friend, entrepreneur, and host of The Note Closers Show podcast, joins us for some fun stories and insights from the note business. Laying it down simple, Scott explains what nonperforming notes are and how you should be on the right side of the payment stream. While some of us find it hard to get started with making deals, Scott assures us that with the right people to talk to and equip you with information, you can close good deals. He also talks about his journey of becoming a note investor while leaving inspiring wisdom about striving to continue to learn and not be the smartest person in the room as well as helping others with their journey as well.

When the market crashed in the late 2000’s, millions of Americans lost their homes—and most investors bailed out of the real estate business. Scott Carson, on the other hand, bought in, buying debt from banks and helping homeowners get back on their feet. He built a successful business on the principle of giving back, finding creative ways to help as many people as possible stay in their homes. So, what is the value proposition for investing with an open heart?

Scott is the founder and CEO of We Close Notes, a real estate investment firm based in Austin, Texas, that focuses on buying pools of distressed assets direct from banks and hedge funds. Scott has 18 years of experience in mortgage, finance and banking, and he has been actively buying notes on residential and commercial properties for 14-plus years. Scott is also a sought-after speaker and educator, working to help others learn the business of note investing and build their own lucrative real estate portfolios.

Today, Scott joins Emerald to explain how his personal experience as a ‘deadbeat borrower’ informed his calling to help homeowners get back on their feet. He shares the value in regularly expanding your comfort zone and discusses how to eliminate negative energy from your atmosphere. Scott also describes how entertaining his inner child feeds his creativity and offers insight around fostering a spirit of ‘coopetition.’ Listen in to understand Scott’s practice of sharing what he wants to accomplish and learn why the most successful people are also the most giving!

What You Will Learn

Scott’s personal experience as a ‘deadbeat borrower’

Scott’s calling to help homeowners get back on their feet

Why the most successful people are also the most giving

The value in regularly expanding your comfort zone

How Scott eliminates negative energy from his atmosphere

How entertaining his inner child feeds Scott’s creativity

Scott’s practice of posting and sharing his goals

How Scott navigates no-hope situations in his business

How Scott trusts his inner compass to make decisions

Scott’s daring shift from live events to online workshops

This podcast was recorded on 25 April 2019, and is dedicated to the birthday of Andrew’s mother, Kathryn Stotz, 81, who was born on that day in 1938. Mrs. Stotz is alive and well and a daily listener of her son’s podcast.

Here is the direct link to your interview. https://podtail.se/podcast/my-worst-investment-ever-podcast/scott-carson-double-check-the-worst-case/

Want to know about investing in Notes? You will after you listen to this…. check out Kristin Gerst and Jer’Leigh Thompson on our new show, Real Estate Divas with today’s guest Scott Carson.

Scott is the host of the Note Closers Show Podcast which has just been picked up by 16 AM/FM radio stations across the country. He focuses on non-performing notes. Pay special attention to the discussion of the modern “sub-prime” mortgage, the “non-prime” mortgage.

Here is the direct link to your interview. https://podcasts.apple.com/na/podcast/investing-in-mortgage-notes-real-estate-divas-w-guest/id1347041091?i=1000436503039