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

In this podcast Scott Carson explains Keith Baker how he invests in the note business.

Great show coming to you today. Scott Carson (aka “the Note Guy) has been an active real estate investor since 2002 and solely focused on the note industry since 2008 where he buys and sells non-performing mortgages directly from banks and hedge funds all across the country. Scott is the CEO of WeCloseNotes.com and the creator of the Note Buying for Dummies workshop that focuses on the 3 F’s of Note Buying… The Find, Fund, and Flip. He has purchased over a half billion dollars in distressed debt for his own portfolio and purchases assets in over 30 states across the United States. He is a highly sought-after speaker on distressed debt and was the 2014 Note Educator of the Year. He has also been featured in numerous newspapers including Investor’s Business Daily, the Wall Street Journal, and Inc.com. He has also helped thousands of other real estate investors come to the dark side of investing by plunging into the world of NPN’s or non-performing notes. An avid sports fan and reader, you can find him home in Austin, Texas when he isn’t buying assets for his own portfolio or sharing his love of the note game. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

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Guest: Scott Carson Topic: Note Buying and Selling Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

AUSTIN, Texas, Sept. 25, 2018 /PRNewswire/ — The world of podcasting has a colorful variety of shows and hosts focused on different subjects, interests, niches, and passion projects. The idea of a podcast dedicated to the real estate investing niche of distressed note investing probably isn’t in your top 10 podcasts to listen to, but it probably should be.

Meet Scott Carson. Ten years ago, Scott left his job as a mortgage broker and started buying distressed mortgages direct from some of the banks and mortgage companies that he was originating for. “I’m not going to say that it was the easiest thing to do back then. It was the wild west with banks going out of business and most of the note buyers stopped buying. The few of us note investors who were buying debt really have scratched out a profitable place for ourselves in the secondary market of mortgage trading. While it’s not as crazy as in ‘The Big Short,’ we’ve found a way to buy the distressed debt at substantial discounts from banks and work out win-win scenarios with the borrowers.” Carson mentioned that they still end up foreclosing around half the time. “Not everyone wants to work with us. Some people just don’t realize that we are here to help. It’s a whole lot easier to work with us instead of our attorneys if they chose to be difficult. We’ve bought a couple thousand notes over the past 10 years and each deal has its own story.”

While many investors understand the fix and flip or rental models, buying distressed debt isn’t as well known among real estate investors. “Many investors like the tangible side of real estate and that they can touch their properties. If I have to pick out paint and carpet on a deal, I’m doing something wrong. Our whole model is to ‘rehab the borrower’ and work to get them back on the right track. We’ll either hold the note for cash flow or look to sell it off as a performing note to investors looking for a decent ROI.”

When asked about how he is spreading the word Carson answered: “I’ve been teaching other investors the nuts and bolts of note investing since 2010 through workshops and social media. I started podcasting when I realized that there was no one out there who was talking and sharing the ins and outs of note investing and the platform has become one of our most popular platforms to attract new clients and investors.” The Note Closers Show Podcast kicked off in August of 2017 and celebrated its one-year anniversary. “We hit our goal of 150,000 downloads in, but by using Facebook, YouTube and other social media, we more than doubled our audience base across the United States and 62 other countries. Who would have thought that people from all across the globe are interested in what’s going on in our housing market?”

Carson’s podcast has a 50/50 format of interviews from investors and industry professionals along with teaching specific lessons. “You can’t teach note investing in 30-60 minutes, but you can definitely share a lot when you’ve done a couple hundred episodes,” he stated. “Our goal is to help make America great again, one distressed borrower at a time. It’s just a matter of time before the market turns again. We’ll keep recording episodes and sharing the good, bad, and ugly part of the business as long as people keep listening.”

When asked where he sees his podcast and business going in the near future, Carson stated that he hopes to have over a million downloads by year three. “We’ve got a growing base of listeners who get pretty upset when we don’t record on a regular basis. I never thought that a podcast would help us grow our note business like it has in the past year. It’s interested to see where it will take us in the future as podcasting and video grows.”

You can catch episodes of the Note Closers Show Podcast on all the major podcasting platforms or check out each episode’s blogpost at www.WeCloseNotes.com along with watching live episodes on Scott Carson’s Facebook page.

Media Contact:

Shannon Steidel

You might have the best thing in the world, but what if nobody can get your eyes on it?

Scott Carson has brought a creative marketing mindset to his real estate business that built the foundation of scalability.

Join us in this episode to hear some of his journey and high level marketing strategies for real estate.

Topics discussed:

Entrepreneurship

Huge Real Estate Investing Event! *[email protected]

Get ready for a whirlwind of insights with Scott Carson of We Close Notes, as he reveals his unique "Back-to-the-Future" investment philosophy! This presentation dives deep into the world of non-performing notes, economic cycles, and how to leverage history to profit in today's real estate market. Find out what shapes you may not have considered.

Topics Covered:

• Economic Trends: Recognizing cycles and parallels to past meltdowns (RTC era, 2008).
• Note Investing Fundamentals: Buying distressed debt, becoming the bank, and exit strategies.
• Mindset: "Kill the Squirrels" - focusing on the important things and removing distractions
• Market Selection: Identifying promising states & cities outside your backyard.
• Due Diligence: Verifying property status & neighborhood analysis.
• Exit Strategies: Loan modifications, short sales, cash for keys, foreclosure, note wholesaling, reselling re-performing notes
• Building a Team: Building vendors and using professionals like title searches & attorneys.
• Strategies for Finding Deals: Banks, Hedge Funds, and Networking.
• Overcoming Mindset: Knowing why, getting help, and asking questions.
• Community and “Coopetition” Working with other investors for a bigger payout.

Key Insights:

• Why this speaker is referred to as the Deal Junkie
• Why he loves to call himself, not an angel, but a Shark
• His belief is in history repeats
• His process for turning bad debts into performing assets.

Resources:

We Close Notes: WeCloseNotes.com Text “Notes” to cell for a link of over 80 hours of videos

Scott Carson debates Donna Bauer on the topic of performing vs non-performing notes…

Today’s REI Classroom Lesson

REI Classroom Summary

Today’s REI Classroom Lesson

REI Classroom Summary

Today’s REI Classroom Lesson

REI Classroom Summary

If you’re not currently investing in Notes, it’s a huge and fascinating opportunity. There are many pros and cons to traditional real estate investing, but perhaps, the pros outweigh the cons. Scott Carson, the “Note Guy”, joins us on this episode of the FlipNerd.com Expert Interview show to tell us more about notes, including how to get started. Don’t miss this one!