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

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

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

  • Note Investing in the CRE Space: CRE Spotlight with Andrew Rosenberg featuring Scott Carson

    🔥Tired of traditional CRE? Dive into the lucrative world of note investing with expert Scott Carson on this exclusive CRE Spotlight episode! 🔥 Learn how to profit from distressed mortgages and unlock a path to passive income beyond the ordinary.

    In this insightful interview, you'll discover:

    • 🤔What exactly is note investing and how it differs from seller financing.
    • 💰Carson's strategy for buying debt directly from banks, bypassing the competition.
    • 🤝The key goal: keeping borrowers in their homes by offering flexible solutions.
    • 📉How to capitalize on distressed debt discounts and buy mortgages below market value.
    • 💪The power of working with borrowers, offering modifications, and creating win-win scenarios.
    • 💰Generate passive income streams without the hassles of rehabbing, evictions, or property management.
    • 💰Funding deals: Discover the power of using your self-directed IRA to buy notes.

    Key Takeaways:

    • Navigate fluctuating interest rates with steady, secured returns.
    • Learn due diligence insights!
    • Benefit from potential tax write-offs.

    Bonus: Hear Scott's expert forecast for the multifamily sector in the current economic landscape and why note investing is uniquely positioned for success!

    Ready to take control of your financial future and diversify your CRE portfolio? This episode is a must-watch for both seasoned investors and those just starting out!

    #noteinvesting #cre #realestate #passiveincome #distresseddebt #commercialrealestate #scottcarson #investing #mortgages #property

    22 min
  • Note Investing, a not so known strategy of Real Estate: With Scott Carson - Let's Tok Podcast

    In the conversation, Scott Carson talks about how he got started in the business, what a nonperforming note is, and how investors can use them to make money. He also shares some stories of his own success in the business and offers advice for anyone interested in getting started. Scott Carson is the owner of WeCloseNotes.com, a company that specializes in finding and purchasing nonperforming notes on residential and commercial properties.


    In this special edition of the Let's Tok Podcast, Scott Carson shares his insights about the real estate industry, including working as a mortgage broker and buying notes.


    Key Topics


    The Journey of a Mortgage Broker: From JPMorgan to Notes


    The Real Estate Investor's Journey from Adversity to Success


    The Impact of the Recession on Entrepreneurship


    The Power of Positivity: How to Overcome Obstacles and Achieve Success


    The Importance of Networking at Conferences


    The Power of Consistent Marketing: How to Grow Your Business by Investing Time Every Day


    Key Takeaway


    • In a lot of cases, when you own the note, you're not in the property management space, you're actually the bank.


    Memorable Quotes


    “Connection often doesn't happen at once. But its all about follow-up and updating”

    33 min
  • Mortgage Note Buying With Scott Carson From DealQuest Podcast With Corey Kupfer

    Entrepreneur, podcast host of Note Closers Podcast, and President of WeCloseNotes.com, Scott Carson, is an expert in real estate investing, raising capital, and marketing. He has a heavy focus in guesting on podcasts, speaking at industry conventions, and helping thousands of investors and entrepreneurs each year create wealth through his debt-buying classes, podcasting, and coaching. In 2022, he was named by US News Reporter Magazine as the #4 Entrepreneur to Follow. 

     

    Underneath his expertise, Scott enjoys traveling, sports, and gardening; all things that create lasting memories for him. The specialty of buying mortgage notes wasn’t what the small-town Texan had in mind. His parents had opened a local hardware store, so Scott fully believed his future would be carrying on that business, or going into sports. In his childhood, Scott was the neighborhood “that kid”, wherein he was always busy doing odd jobs for neighbors on the weekends to make some money. Halfway through his college degree in communications and journalism, he switched to majoring in business, allowing his childhood entrepreneurial mindset to later serve him to become one of the most sought-after speakers in the real estate space.



    MORTGAGE NOTES & MORTGAGE NOTE BUYERS

    On the DealQuest Podcast, we’ve not covered buying mortgage notes, so I’m thoroughly excited to introduce the DealQuest audience to this type of deal. To better understand these types of deals, we will first brush-up on what a mortgage note is, and what a mortgage note buyer does.

     

    But what exactly is a mortgage note? They are defined as “a legal document that establishes the terms of a loan for both the borrower and the lender.” In layman’s, a “note” is merely an active debt.

     

    Banks will have owed debt that isn’t performing – the borrower hasn’t paid on the debt for some time – and the banks will sell off the debt to third parties like Scott – a note buyer -- who will purchase that debt for a lump sum price from the bank. The new owner of the debt will now be responsible for collecting the debt from the borrower.



    THE BUSINESS OF BUYING NOTES

    Operating within the secondary mortgage note market, mortgage note buyers like Scott offer the owner of a mortgage note the opportunity to receive an upfront sum of cash rather than a series of small payments from a borrower. Scott primarily focuses on buying:

    • Residential first-lien debt
    • Commercial first-lien debt
    • Primarily non-performing notes, meaning the borrower hasn’t paid in a certain timeframe. (For Scott, that’s anywhere from 90 days to 6 years.)

     

    The process is straightforward: the note buyer purchases the note from the lender for a predetermined lump payment. Despite the fact the transaction between the note buyer and lender is for a fraction of the original debt, the borrower continues to have responsibility all unpaid amounts due under the original note amount; they just do not owe it to the original lender, but instead to the note buyer. This is how note buyers make their profit. 

     

    For Scott, he prefers to open a discussion with the borrower and find out what prevented them from honoring their lending agreement. Financial hardships can come to anyone at any time, and Scott wants to work with the borrower to help get them back on track. Understanding why they became delinquent on their agreement is a part of that process. 

     

    1. Some note buyers will restructure the debt in a way that is more accessible to repay for the borrower to get the note to perform again. This includes but is not limited to: Reducing that debt by a certain amount, adjusting the payment amounts, or adjusting the payment schedule. The profit comes from paying a smaller lump sum to the lender, and then collecting the original owed debt and interest from the borrower even if it is over a longer period of time. 
    50 min
  • Does The Work Others Don’t Want To Do, And Got His Work Ethic From His Dad! With Scott Carson From Better Call Daddy With Reena Friedman Watts

    Scott Carson’s dad was his best friend, a servant community leader, and where he got his work ethic from! His dad taught him to be compassionate with people and to always keep getting up!

    Scott Carson takes a marketing first approach to real estate, podcasting, and business! He’s the host of The Note Closers Show podcast! He has over 700 episodes and has been doing live virtual events for years! He’s a master at repurposing content and understands kickbacks from affiliates! He says, “Deliver equals rich and perfection equals broke!” Better Call Daddy: The Safe Space For Controversy!

    Shout out to Tracy and Tom Hazzard for the introduction.

     

    Connect with Scott Carson

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

    https://weclosenotes.com/

    1 hr 5 min

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

From the publisher's feed

Are you tired of the "Three Ts" of real estate investing: Tenants, Toilets, and Termites?


Welcome to The Best of Scott Carson, the ultimate audio…