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

In this episode of the ‪@RealPropPro‬ podcast, host Ian Dietler interviews Scott Carson ‪@WeCloseNotes‬ a nationally recognized note investor. They discuss Scott's journey into note investing, the importance of mindset, and the impact of the 2008 financial crisis on his career. Scott shares insights on how to get started in note investing, the significance of understanding notes and tapes, and the challenges of navigating the market. The conversation also touches on innovative uses of AI in real estate and Scott's exciting new AI cloning technology that aims to enhance the learning experience for investors.

Watch the original VIDEO HERE!

Takeaways

Mindset is crucial for success in real estate investing.

Early work experiences can shape entrepreneurial spirit.

The 2008 financial crisis taught valuable lessons in resilience.

Note investing allows for unique opportunities in real estate.

Understanding the difference between notes and properties is essential.

Patience and coachability are key traits for successful investors.

AI can significantly enhance marketing and operational efficiency.

Networking and building relationships are vital in the note investing space.

The concept of joker brokers can complicate transactions.

Investors should focus on acquiring notes at a discount to maximize profits.

Chapters

00:00 - Introduction to Real Estate Investing and Note Investing

02:57 - Scott Carson's Early Life and Work Ethic

05:34 - The Importance of Mindset in Real Estate

10:12 - Transitioning from College to the Workforce

14:07 - The Impact of the 2008 Financial Crisis

19:20 - Understanding Note Investing

24:20 - Getting Started in Note Investing

26:57 - Understanding Tapes and Asset Management

29:29 - Understanding the Role of Brokers in Note Investing

33:19 - The Process of Purchasing Notes

35:42 - Strategies for Acquiring Properties through Notes

40:15 - Navigating Deeds and Foreclosure Processes

43:12 - Mindset for Successful Note Investing

48:09 - Leveraging AI in Note Investing

52:09 - Innovative AI Applications in Real Estate

57:25 - Outro

Mentions

RealPropPro Website: Visit www.realproppro.com for free tools and access to upcoming virtual events.

Scott Carson's Podcast: Check out the "Notes Closer Show" podcast hosted by Scott Carson. https://weclosenotes.com/note-closers...

Note Weekend: Sign up for a free class at http://noteweekend.com to learn the basics of note investing.

Scott Carson's Membership Program: Offers a monthly membership for $97, which includes weekly coaching calls, access to lists, and a three-day workshop.

Books Mentioned:

"Rich Dad Poor Dad"

AI Tools: Scott Carson mentions using AI tools like ChatGPT for creating content and TurboScribe for transcription.

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!

Sign up for the next FREE Note Weekend Class HERE!

In this episode from the Stay Ready Real Estate Podcast, Emeka sits down with Scott Carson, known nationally as "The Note Guy," to break down the world of distressed mortgage note investing. Scott shares how he transitioned from a traditional real estate investor and banker into buying non-performing notes directly from banks at major discounts. He explains how anyone, regardless of background, can get started in note investing using self-directed IRAs, networking, and education. We also talk about the risks, tax implications, and how this strategy can be more passive than owning rentals. If you’re looking for a less hands-on path to building wealth through real estate, this is a must-listen.

Scott Carson has been a real estate investor for over 20 years, primarily in the note investing space. He is known across the country as "the Note Guy" and has closed on thousands of nonperforming note deals from banks and lenders. He also assists other investors dive into the sexy side of real estate by becoming note investors as well. He calls Austin, TX home.

Connect With Scott Carson:

https://www.linkedin.com/in/1scottcarson/

http://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!

Sign up for the next FREE Note Weekend Class HERE!

In this episode, we sit down with Scott Carson, one of the leading experts in note investing, to break down how he’s turned distressed debt into serious cash flow—all from the heart of Austin, Texas. Learn how Scott finds, evaluates, and profits from non-performing notes, why this strategy works in any market, and how Austin’s real estate climate shapes his approach.

Check out the ORIGINAL VIDEO HERE!

If you loved what you heard, then check out the Note Closers Show Podcast!

This article summarizes a Mobile Mailbox Money podcast episode featuring Scott Carson, note investing extraordinaire. Carson shares his journey, insights, and advice on profiting in the note space.

Scott Carson's Journey: Carson started in mortgages in 2001, learning owner financing and note investing. Post-2008, he focused on buying distressed debt from banks. Now, he's a leading expert with a top note investing podcast and YouTube channel.

Key Insights:

• What is Note Investing?: Buying debt (mortgages) at a discount makes you the lender, secured by real estate.
• Finding Deals: Contact banks' special asset/secondary marketing departments.
• Due Diligence: Thoroughly vet deals, focusing on insurance, liens, and professional guidance. Avoid properties you don't want to own.
• Raising Capital: Target self-directed IRA investors. Highlight passive income potential.
• The Niche: Buy notes cheaper than most REO purchases.

Top 5 Due Diligence Items for Performing Notes:

1. Never buy a note on something you don't want to end up owning.
2. Make sure you're in a secure position by buying a first lien.
3. Always make sure there is insurance on the property.
4. Always check the collateral file.
5. Retain professionals who have experience in the space.

Carson's Advice:

• Get educated and seek counsel from experienced note investors.
• Attend conferences like FinCon and local real estate club meetings.
• Don't seek opinions!

Conclusion: Note investing offers unique opportunities, especially in today's market. Learn the basics, take action, and connect with experts like Scott Carson.

Alden Guajardo is a seasoned real estate investor, fund manager, and entrepreneur with a deep specialization in affordable housing and manufactured home finance. As Vice President of Win Mobile Homes, one of Arizona’s leading licensed mobile home dealerships, Alden has facilitated hundreds of successful transactions using innovative seller-financed structures. His expertise in structuring performing notes has helped create affordable pathways to homeownership for families who don’t qualify for traditional real estate financing—often turning $5,000 down payments into life-changing housing solutions.

In addition to leading Win Mobile Homes, Alden is the President of Silvercrest Opportunity Fund, a 506(c) accredited investor fund that offers double-digit returns through secured investments in first-lien performing notes backed by manufactured housing. He is also the founder of Mobile Mailbox Money, a media and education platform that demystifies note investing and alternative asset strategies for both new and seasoned investors. His fund and note strategies are modeled after institutional-level principles, creating stable, inflation-hedged passive income opportunities in a market with rising demand and limited supply.

A frequent speaker at national investor conferences like the Diversified Mortgage Expo, AZREIA, and the Southern Charm Real Estate Conference, Alden is known for his boots-on-the-ground insights, high-yield investment strategies, and commitment to financial education. Through his podcast, live events, and digital content, he empowers investors to tap into overlooked markets with institutional discipline—proving that manufactured housing isn’t just affordable, it’s bank-quality.

Connect with him at Mobilemailboxmoney.com

🔥 What if you could buy the mortgage instead of the house and make double-digit returns doing it? In this episode of Networking with Nathaniel, I sit down with note investing expert Scott Carson, who shares how he’s made millions by buying non-performing debt from banks and turning it into profit.

Scott doesn’t flip houses. He flips paper. And in this conversation, we dive into:

Why non-performing notes can offer higher ROI than rentals or flips

How Scott buys mortgage debt at 50 cents on the dollar

The exact strategies he uses to keep borrowers in their homes while making a profit

How YOU can become the bank—even with a small investment

Whether you’re tired of tenants or just curious about the note game, this episode breaks it all down in plain language.

🎯 Are YOU ready to make money like a bank?

Watch the original VIDEO HERE!

00:00 Introduction to Networking with Nathaniel

01:41 Meet the Guest: Scott Carson

03:00 The Importance of Time Management for Entrepreneurs

05:58 Personal Stories and Life Lessons

08:12 Understanding Non-Performing Notes

09:31 Strategies for Note Investing

25:37 Challenges and Risks in Note Investing

31:35 Impact of Foreclosures on Neighborhoods

32:06 Real Estate Investing Strategies

32:30 Helping Homeowners Avoid Foreclosure

33:50 Opportunities in Note Investing

35:28 The Note Closer Show and Education

36:27 Scott Carson's Journey into Note Investing

38:31 Current Market Trends and Opportunities

39:54 Investor Engagement and Returns

43:32 Daily Habits for Success

46:52 Networking and Building Relationships

55:11 Reflecting on Success and Future Goals

58:13 Final Thoughts and Contact Information

📌 Connect with Nathaniel

🌎 Website & Resources: https://www.nathanielhovsepian.com

📢 Follow on Instagram:   / nathaniel.hovsepian  

📢 Follow on Facebook:   / natehovsepian  

📢 Connect on LinkedIn:   / nathaniel-hovsepian  

📢 Join Fit Fatherhood Facebook Group:   / 900251002167663  

📌 Connect with Scott Carson

📢 Follow on Instagram:   / 1scottcarson  

📢 Subscribe on YouTube:    / @weclosenotes  

📢 Talk with Scott: https://talkwithscottcarson.com

📢 Visit Website: https://www.weclosenotes.com

🔥 Resources

📢 Best CRM for Real Estate Investors: https://www.unapologeticresultsrei.co...

📢 Join Subto – The Greatest Real Estate Community on the Planet: https://join.nre.ai/mQAe7cx

📢 Join the Gator Community: https://smartweek.clickfunnels.com/af...

📚 Networking with Nathaniel Guest Approved Books (Amazon Affiliate Link – Coming Soon)

🚀 Don’t Miss Out!

✅ Subscribe to the channel for more real estate success stories & strategies!

👍 Like this video if it inspired you!

🔔 Turn on notifications so you never miss an episode!

🎯 Are YOU ready to take action and change your future with real estate? Let’s talk in the comments! 👇🔥

#RealEstateInvesting #NoteInvesting #ScottCarson #NetworkingWithNathaniel #PassiveIncome #RentalProperties #FinancialFreedom #InvestingForBeginners #DebtBuying #EntrepreneurMindset #WealthBuilding #REISecrets #RealEstatePodcast #MortgageNotes #DistressedAssets

Since 2008, Scott has purchased more than $1 billion in distressed notes tied to residential and commercial properties nationwide. His proven strategies have empowered thousands of real estate investors and entrepreneurs to close successful deals and grow their portfolios with confidence.

As the host of the popular Note Closers Show Podcast, Scott shares expert insights, interviews industry leaders, and provides actionable advice for anyone interested in real estate investing—especially in the note-buying space.

Beyond business, Scott is an avid sports fan who enjoys traveling, gardening, and creating meaningful memories in his downtime. He proudly calls Austin, Texas home.

Whether you’re new to real estate or looking to scale your note investing strategy, Scott Carson brings the expertise, results, and passion to guide your journey.

On the latest episode of The Get Ready Money Podcast, I spoke with Scott Carson, President of We Close Notes and Host of The Note Closers Podcast about changing the way we think about money and investing in debt.

Key Takeaways:

• Always get qualified expertise.
• Tips and resources if you’re struggling with debt.
• How buying a note works.
• The importance of compound interest, the rule of 72 and how it can work for you or against you.
• Failing to plan is planning to fail.
• Why taking care of your health is part of financial success. 

Connect with Scott Carson: 

Website: https://weclosenotes.com

LinkedIn: https://www.linkedin.com/in/1scottcarson/

Resource:

Free One Day Class: Http://NoteWeekend.com

Podcasts: 

• The Note Closers Show Podcast: https://weclosenotes.com/note-closers-show-podcast/
• Note Night In America: https://weclosenotes.com/note-night-in-america-podcast/

Mentioned in this episode:

• The Power of Compound Interest - The Get Ready Money Podcast (here) https://www.tonysteuer.com/blog/the-get-ready-money-podcast-financial-five-episode-with-chris-mouzon-derrick-wesley-mac-gardner-and-thomas-kopelman-the-power-of-compound-interest
• DIMS SCORE® Calculator (from Giftingsense.org): https://giftingsense.org/gift-survey/
• Stacking Benjamins Podcast - Joe Saul-Sehy: Stacking Benjamins
• FinCon: The Business Event For Money Creators: https://finconexpo.com 

Bio: 

Scott Carson (aka “the Note Guy”) 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, raising capital and marketing.  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.  An avid sports fan, he spends his free time traveling, gardening, and making memories.  He calls Austin, Texas home.

Support the show

The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.

4012025

Do your emotions control your real estate decisions? Learn how top investors use psychology to avoid costly mistakes, stay ahead of market trends, and build lasting wealth.

Success in real estate isn’t just about numbers—it’s about mindset. This episode dives deep into the psychological factors that shape investment decisions, from overcoming fear and bias to mastering the emotional side of real estate. Whether you’re a new investor or a seasoned pro, you’ll learn how to think strategically, avoid costly mistakes, and build long-term wealth.

🚀 Key Takeaways:

✔️ The biggest mental traps that sabotage real estate investors.

✔️ How to stay disciplined and avoid emotional investing.

✔️ Proven strategies to develop a winning investor mindset.

🔗 Connect with Scott Carson:

🌎 Website: https://weclosenotes.com/

💼 LinkedIn: linkedin.com/in/1scottcarson

📷 Instagram: https://www.instagram.com/1scottcarson

#InvestorMindset #RealEstatePsychology #WealthBuilding #BehavioralFinance #FinancialFreedom #InvestmentStrategy #SmartInvesting #RealEstateSuccess

What if you could invest in real estate with less risk and more control than traditional property ownership? In this episode of the Vital Strategies Podcast, we dive into the world of buying non-performing mortgage notes—a unique investment strategy that allows you to purchase distressed debt and turn it into a profitable asset. Scott Carson, a seasoned real estate investor, shares how he buys and manages mortgage debt nationwide, turning non-performing loans into income-generating investments. This episode offers a fresh perspective on how to build wealth without owning physical property. 

Scott explains the ins and outs of note investing, from understanding important financial metrics like the DSCR (Debt Service Coverage Ratio) to knowing when foreclosing on the borrow is a last resort. He walks us through how to find deals using LinkedIn and social media, the role of licensing and doing your homework, and what it means to be the owner of a note versus the owner of the property. If you’re looking for a way to diversify your portfolio and tap into a less competitive investment space, this episode will give you the tools and knowledge to get started. 

Key Takeaways: 

• How to invest in non-performing notes and generate passive income 
• The importance of the DSCR acronym and how it affects profitability 
• The difference between owning notes and owning real estate. 
• How to find deals using LinkedIn and social media platforms 
• Licensing and insurance considerations when investing in notes 
• How to structure profitable note deals for long-term returns 

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

Credits:    

In this episode of The Money Exchange, host Patrina Dixon welcomes Scott Carson, known as the "Note Closer," to discuss an alternative path to wealth-building through real estate investing: buying and selling mortgage notes. 

Scott breaks down the basics of note investing, demystifying common misconceptions and sharing practical strategies on how to get started in this potentially lucrative venture—even with a small investment.

We get into: 

• What Note Investing Is
• Wholesaling vs. Note Investing
• Leveraging Other People’s Money To Secure Notes
• Myths About Note Investing
• How to Get Started With Note Investing

Connect with the host, Patrina Dixon