Buying Distressed Notes To Make Millions with Scott Carson Episode 157
We’re veering off the topics of wholesaling and flipping to explore a new topic: note investing.
In this episode, Mike is joined by Scott Carson, a note investor and host of The Note Closer Show Podcast. He found his creative niche in this long lost part of real estate, buying over a billion dollars worth of debt in the last 15 years and helping borrowers keep their homes.
Scott has a ton of expertise on note investing to share, including why it’s a fruitful business, his strategy for finding deals, what kind of returns you can expect from distressed notes, and more.
To learn more about making money off debt and helping owners in need, tune in now!
Topics discussed in this episode:
- The ins and outs of note investing
- How his business, We Close Notes, find and evaluate assets
- Areas Scott avoids buying notes
- Legalities of raising money tied to debt
- A typical exit strategy on a foreclosed property
- The Dodd-Frank Act compliance
- Average returns from performing/non-performing notes
- Scott’s advice to start investing
- Unbelievable real estate stories
Join Scott Carson for Note Weekend, a special 1-day event that teaches you everything you need to know about note investing!