The Note Closers Show - The #1 Podcast for Note Investing
Scott Carson
Explore the world of real estate note investing and gain insights into controlling real estate at huge discounts!Are you a real estate investor or entrepreneur looking to expand your knowledge in the market? Welcome to "The Note Closers Show Podcast," a podcast dedicated to real estate investing, with a focus on note investing.Join your host, Scott Carson, a seasoned investor with experience in real estate and note investing. This podcast aims to provide a comprehensive look at buying, selling, and managing mortgage notes and paper assets.What You'll Learn & Who You'll Meet:Distressed Asset Insights: Learn about buying non-performing and performing notes from various sources and how this relates to controlling properties.Expert Interviews: Scott features discussions with industry experts, including attorneys, loan servicers, title experts, vendors, and successful individuals in the field.Actionable Strategies: Gain insights into finding deals, performing due diligence, negotiating, creative financing techniques, and potentially maximizing returns.Beyond the Notes: The show also delves into entrepreneurial skills such as marketing, raising capital, business systems, and the mindset needed for success in various market conditions.Inspiration & Entertainment: Listen to engaging conversations with diverse guests who share their journeys.Why Tune In?Whether you're new to real estate investing or have experience, Scott aims to provide knowledge and clarity to help you in your endeavors. The content is presented with a focus on finding opportunities.Join the Community:Listen to new episodes weekly across major podcast platforms and watch on YouTube.Find free resources and a schedule of events and training at www.WeCloseNotes.com.Learn more about potential coaching opportunities by booking a call at www.TalkWithScottCarson.com.Subscribe now to explore real estate note investing!
Scott also brings in experts in marketing, entrepreneurship, business, and mindset to help his audience in the day-to-day grind of being a business owner, investor and entrepreneur. With over a decade of experience as the “Note Guy” Scott has invested in all types of note investments. Ranging from residential assets on an individual or large bulk basis to commercial notes in each asset class, Scott has the connections and knowledge to help his students take down all property types. If you have an appetite to grow your business from single family homes to multifamily, self-storage, mobile home parks, mixed-use, strip malls or other asset classes, Scott brings on the experts in these different fields to help give you guidance and clarity as a note and real estate investor to find success at your own pace.
The Note Closers Show also features a variety of different experts and vendors, ranging from attorneys, servicing companies, special servicing experts, title experts, and other real estate professionals to help you organize your own note business and have the best possible team of professionals at your disposal. Along with these experts, Scott also spends time identifying market and deal opportunities across the multiple facets of the note and paper industry.
Scott also realizes that work isn’t everything to an entrepreneur, and that’s why he also mixes in the occasionally mindset expert and guest wild card to keep his shows content fresh and relevant in today’s everchanging investment environment. It’s common for Scott to add an award-winning personality, athlete or podcaster to the stellar lineup of guests who might make a surprise appearance on the podcast. Scott’s willingness to be an open book and share the different facets of his business, life, and journey and his ability to use humor (and his sound effects) will keep you coming back again and again.
Scott also brings in experts in marketing, entrepreneurship, business, and mindset to help his audience in the day-to-day grind of being a business owner, investor and entrepreneur. With over a decade of experience as the “Note Guy” Scott has invested in all types of note investments. Ranging from residential assets on an individual or large bulk basis to commercial notes in each asset class, Scott has the connections and knowledge to help his students take down all property types. If you have an appetite to grow your business from single family homes to multifamily, self-storage, mobile home parks, mixed-use, strip malls or other asset classes, Scott brings on the experts in these different fields to help give you guidance and clarity as a note and real estate investor to find success at your own pace.
The Note Closers Show also features a variety of different experts and vendors, ranging from attorneys, servicing companies, special servicing experts, title experts, and other real estate professionals to help you organize your own note business and have the best possible team of professionals at your disposal. Along with these experts, Scott also spends time identifying market and deal opportunities across the multiple facets of the note and paper industry.
Scott also realizes that work isn’t everything to an entrepreneur, and that’s why he also mixes in the occasionally mindset expert and guest wild card to keep his shows content fresh and relevant in today’s everchanging investment environment. It’s common for Scott to add an award-winning personality, athlete or podcaster to the stellar lineup of guests who might make a surprise appearance on the podcast. Scott’s willingness to be an open book and share the different facets of his business, life, and journey and his ability to use humor (and his sound effects) will keep you coming back again and again.
Episodes
Mentioned books
Sep 4, 2024 • 21min
Million Dollar Note Deal - Beverly Hills
Does it make sense to purchase a million dollar note secured by a Beverly Hills mansion at 32% of the current market value? What are the opportunities and potential returns or pitfalls on this type of deal that doesn’t often come across a note investors desk? Are these types of deals something we should look for or avoid? Which way will the borrower go? Will they refinance, payoff, reinstate, file bankruptcy or will you find yourselves at the foreclosure auction with a big, six-figure payday? There are a lot of questions on nonperforming note deals with huge amounts of equity behind them. Scott Carson breaks down what he found doing due diligence on this asset and the “story behind the story” on this Beverly Hills mansion note deal.In this episode you will learn:· Why million-dollar borrowers can still have problems paying their mortgage like normal folks.· What are the different exit strategies and expected ROI on a deal of this magnitude?· The background on what might be causing this borrower to fall behind and what to watch out for if you are buying the note.· Why it makes sense to diversify your note portfolio instead of having such a large amount wrapped up in one deal.· The different possible strategies that a borrower might take to avoid losing their home to foreclosure and how it affects the note holder.Watch the original video HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!
Aug 29, 2024 • 24min
What's the Difference Between a 30 & 40 Year Mortgage?
What's the big deal between these two loan products?We've all heard how expensive it is to buy a home in this crazy market. There is some discussion among policymakers and politicians to make the dream of home ownership more affordable by making the 40-year mortgage a common practice. Banks and government entities like Freddie and Fannie have often used a 40-year mortgage as a way for lenders to avoid borrowers going to foreclosure by stretching out the payments. What are the differences between a 30 and 40-year mortgage? Is there a big difference in monthly savings? Will more people be able to afford homes? Does it make a huge difference for the average American? Do note buyers like this idea? In this episode, Scott Carson breaks down the numbers on an apples vs apples basis and you'll learn:-When and how the 30-year mortgage became common.-The difference in monthly payment between the two terms.-The difference in mortgage balance in 7 & 10 years between the two.-How much do you need to make annually to afford either loan product on the same home?-How much equity will you build over 7 & 10 years given a constant rate of home appreciation?-How note investors adjust their bids when buying longer-term mortgages. Watch the original video HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!
Aug 27, 2024 • 27min
Case Study: Austin Nonperforming Note Deal
It’s not every day that a nonperforming note pops up in Austin, TX that can be purchased as a one-off deal. So, when one does, you have to jump fast to do your quick up-front due diligence and get an offering into the seller as soon as possible! But how do you tell if this nonperforming note is a deal or a dud? How do you determine if the value is accurate or which exit strategy is more likely to happen depending on what the borrower has done in the past and the condition of the property? That’s exactly what Scott Carson breaks down and shares in this episode of the Note Closers Show. In this episode, Scott shares:· How he discovered this nonperforming deal.· What upfront due diligence he did to help him make an offering in under two hours to the seller.· What information he found on the borrower by doing a quick skip trace?· What the potential profit margin and ROI would be on the different strategies?· Why the lender is selling this note and what information they shared on the borrower that can determine their mindset when it comes to foreclosing.· Why it’s always important to put eyes on an asset quickly to help you submit your bids.· What online websites can you use to help you with your due diligence.Watch the original VIDEO HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestBook a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!
Aug 27, 2024 • 49min
10 Credit Myths You Need to Know with Jessica Tabora
The 10 Biggest Credit Myths Busted: What You Need to KnowIf you're feeling frustrated by the overwhelming flood of misinformation about credit management and you're tired of making costly mistakes, then you are not alone! You may have encountered flashy promises of quick credit fixes or easy business funding, only to end up more confused and disheartened. It's time to cut through the noise and get the real, actionable strategies that will transform your credit game and set you up for lasting success. Let's debunk the myths and chart a clear path to improved credit management and informed credit decisions. It's time to take control and level up your credit game!In this episode, you will be able to:Mastering Strategies to Improve Personal Credit Score: Learn how to take control of your credit score and pave the way for financial opportunities.Understanding the Impact of Business Credit on Fundability: Discover the crucial link between your business's credit and its ability to secure funding.Avoiding Common Credit Card Debt Mistakes: Uncover the pitfalls to steer clear of for a healthier financial future.Embracing the Benefits of Strategic Debt Management: Explore how smart debt management can positively impact your financial well-being.Building Strong Lender Relationships for Business Funding: Unlock the keys to fostering strong connections with lenders for your business's growth and success.Sign up for the two-day workshop HERE!Watch the original VIDEO HERE!Book a call with Scott HERE!The key moments in this episode are:00:00:02 - Introduction to Get Fundable 00:02:50 - Funding Challenges in Real Estate 00:05:31 - Impact of Insurance on Mortgage Lending 00:07:51 - The Fallacy of Paying Cash for Everything 00:11:42 - Understanding Credit Card Ranking 00:14:05 - Goldman Sachs Report and Credit Card Balances 00:15:42 - Debt Payoff Strategies 00:18:18 - Strategic Debt and Investment 00:21:02 - Impact of Credit Card Offers 00:24:23 - Importance of Credit Profile Consistency 00:26:45 - Understanding Business Credit 00:28:30 - Knowing Your Credit Situation 00:31:16 - Beware of Misinformation 00:32:56 - Naming Your Business 00:35:39 - The Business Funding Summit 00:40:00 - The Importance of Live Attendance 00:40:25 - Interactive Experience 00:40:41 - Event Website 00:40:48 - Testimonial and Invitation 00:41:13 - Closing Remarks Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestBook a call with Scott today at HTTP://TalkWithScottCarson.com to see if 1:1 Note Coaching is right for you!
Aug 22, 2024 • 26min
The 30 Cities With The Most Illegal Aliens
How Illegal Immigration Affects Property Management and EvictionsDiscover the shocking impact of illegal immigration on housing and communities in the US. One city is facing a crisis with a 99-unit apartment complex taken over by Venezuelan gangs, leading to chaos and distress for both the owners and residents. But this is just the tip of the iceberg. Find out which 30 cities are dealing with the most illegal aliens and the staggering consequences they face. The truth behind these numbers will leave you speechless and wondering about the future of these communities. Stay tuned to unravel the unexpected truth about the far-reaching effects of illegal immigration on real estate and society. It's a story that needs to be told.In this episode, you will be able to:Understand the impact of Venezuelan gangs in Aurora Colorado and how it affects local communities.Explore the significant impact of illegal immigration on housing and communities, and how it influences real estate investment decisions.Learn effective strategies for managing and reducing crimes in apartment complexes, ensuring a safer environment for residents and investors.Gain insight into the policies and implications of sanctuary cities in relation to illegal immigration, and how they impact local housing markets.Discover the risks associated with real estate investment in high-crime areas and how to navigate them effectively.The key moments in this episode are:00:00:02 - Busy Week & What We Are Seeing00:00:47 - Venezuelan Gangs Taking Over Apartment Complex 00:03:04 - Issues with the Apartment Complex 00:05:00 - Impact on Aurora and Crime Waves 00:11:09 - Cities with the Most Illegal Aliens 00:13:08 - Impact of Illegal Aliens on US Cities 00:14:30 - Sanctuary Cities and States 00:17:37 - Major US Cities with High Illegal Alien Population 00:19:49 - Urgent Need for Action 00:21:22 - Conclusion and Call to Action Watch the original video HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!
Aug 22, 2024 • 21min
Which 23 Banks Are Really In Trouble?
Beyond the Clickbait: A Data-Driven Look at Banking TroublesUnexpectedly, a recent report by FAU on deposit ratios of uninsured bank deposits revealed some shocking insights that could lead to major market opportunities. But here's the twist - the real trouble doesn't lie with all 94 banks as sensationalized. In fact, after a deep dive analysis, it turns out that only 23 banks are in serious jeopardy. These banks are facing a perfect storm of issues, from high exposure to commercial real estate to unrealized investment losses. The potential impact on these banks could create opportunities for investors looking to capitalize on distressed assets. Find out how this unexpected turn of events could open the door to lucrative investment prospects. Stay tuned for the surprising truth about troubled banks and the untapped potential it holds.In this episode, you will be able to:Uncover potential investment opportunities in troubled commercial banks.Understand the impact of uninsured deposits on bank stability and investment strategies.Gain insights into the analysis of commercial real estate exposure in banks and its relevance for investors.Develop strategies for investing in troubled banks and maximizing market opportunities.Evaluate bank health through the FAU banking study to make informed investment decisions.Read the original report HERE!Watch the original video HERE!Book a call with Scott HERE!The key moments in this episode are:00:00:02 - Introduction and Overview 00:02:58 - Analysis of Uninsured Deposits 00:06:34 - Risk Assessment and Ranking 00:08:24 - Identifying At-Risk Banks 00:13:12 - Top At-Risk Banks 00:13:49 - Troubled Banks and Commercial Real Estate Exposure 00:14:49 - Targeting Banks with High Commercial Real Estate Exposure 00:16:26 - Evaluating Banks for Investment Opportunities 00:17:09 - Taking Action and Investment Opportunities Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet Signed Up For the WCN Membership HERE!
Aug 21, 2024 • 19min
Who Is Your Cinderella Man?
Who is the Motivational Figure that Helps You Overcome Tough TimesDiscover the unexpected inspiration behind a motivational journey. Dive into a story of resilience, challenges, and an unexpected encounter with a beloved figure. It's a tale of finding strength in the most unexpected places. Stay tuned to uncover the heartwarming twist that will leave you feeling uplifted and ready to conquer any obstacle.In this episode, you will be able to:Discover how overcoming adversity in inspirational movies can inspire resilience in your own life.Uncover the impact of the movie Cinderella Man and how it can motivate you to overcome challenges.Explore Russell Crowe's diverse career and the lessons we can learn from his journey to success.Understand the importance of motivational stories in tough times and how they can provide the strength to persevere.Learn about the influence of meeting idols and how it can spark motivation in your own path to success.Watch the original video HERE!Book a call with Scott HERE!The key moments in this episode are:00:00:02 - Finding Inspiration in Movies and Music 00:02:12 - The Story of JJ Braddock 00:05:44 - Overcoming Adversity 00:08:01 - Meeting Russell Crowe 00:11:32 - Gratitude and Inspiration 00:13:35 - Seven-Year Podcast Anniversary 00:13:59 - Synchronicity and Gratitude 00:14:26 - Impact and Engagement 00:14:46 - Call to Action 00:15:21 - Final Words Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet Signed Up For the WCN Membership HERE!
Aug 20, 2024 • 35min
Breaking Down a Tape of 15 Notes
Are you looking for your first note deal? Are you looking for performing, nonperforming, or an REO that you can take down for your first real estate investment deal? Then check out this tape of 15 notes.Scott Carson dives into a tape of notes that one of his previous coaching students sent him that he is looking to move this month. Scott reviews each asset and discusses options for these deals.HERE IS THE MAP OF THE ASSETSCHECK OUT THE FULL VIDEO HERE!BOOK A CALL WITH SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet Signed Up For the WCN Membership HERE!
Aug 15, 2024 • 27min
Breaking Down Two Illinois Sub Performing Notes
What is a sub-performing note? How do you determine the value and return on these types of deals? Scott Carson breaks down two sub-performing notes from the Land of Lincoln (Thank God they aren't in Chicago). He shares how he found them, the numbers, and the tale of the tape. Scott also discusses the potential returns on the different exit strategies from getting the borrowers back on track, evicting them, modifying the loans for cashflow, or selling off the assets.In this episode you will learn:What a sub-performing note is and how it differs from a performing or nonperforming note. The difference between a contract for deed and a traditional mortgage note. Why it is so important that you set your borrowers up for success when originating loans. What is going on with the CFPB concerning CFD investors? The different exit strategies and estimated returns of each strategy. How to calculate the ROI when modifying a note's interest rate and term.Watch the original video HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!
Aug 14, 2024 • 41min
How To Work California Foreclosure Lists
Answering a Listener's Question on Working CA NOD ListsHave you heard these myths about working with California foreclosure lists? Myth 1: You can only work with big banks, not smaller lenders. Myth 2: It's impossible to find out who the lender is from the foreclosure list. Myth 3: Buying mortgage debt is a complicated process. I'll share the truth behind these myths, but first, let's dive into the secrets of navigating California foreclosure lists.In this episode, you will be able to:Discover effective strategies for leveraging foreclosure lists to find lucrative real estate opportunities.Gain a comprehensive understanding of the pre-foreclosure processes specific to California, empowering you to navigate these situations with confidence.Uncover valuable insights into investing in distressed mortgage debt, unlocking potential avenues for profitable real estate ventures.Differentiate between judicial and non-judicial foreclosure states, enabling you to navigate the complexities of each with ease.Learn essential tips for realtors working with foreclosure properties, enhancing your ability to capitalize on these unique real estate opportunities.The key moments in this episode are:00:00:02 - Introduction and Listener Request 00:01:42 - Understanding Pre-Foreclosure Lists 00:06:52 - Analyzing the Foreclosure List 00:09:11 - Evaluating Equity and Loan Balances 00:11:59 - Assessing Purchase Dates and Reasons for Default 00:12:47 - Exploring Equity and Interest Rates 00:13:21 - Analyzing Rent Rates 00:15:07 - Helping Homeowners in Distress 00:17:45 - Reaching Out to Homeowners 00:23:20 - Contacting Trustee for Debt Purchase 00:27:53 - Introduction and Background 00:28:33 - Strategies for Debt Buying 00:30:38 - Contacting BDF Group 00:32:51 - Contacting Trustees 00:36:27 - Final Remarks and Call to Action Watch the original video HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestSign up for the next FREE Note Weekend Class HERE!
