The Note Closers Show Podcast covers everything you don’t know about real estate investing today, specifically the world of note investing. Scott Carson, CEO of We Close Notes, interviews experts in the note investing field, including vendors he works with, and students he has trained. Prepare to be educated and entertained on the secrets of how you can control millions of dollars’ worth of property for pennies on the dollar, through investing in distressed real estate notes. Scott and his students have each closed thousands of deals, all over the United States. Listen each week to stay on top of the latest developments in note investing, how to get to the right people, avoid the wrong people, get the inside track on buying from the banks, find the notes you are looking for, negotiate the best price, and make the high returns you deserve. Whether you are focused on performing, nonperforming, owner-financed, first, second, residential or commercial notes, you are in the right spot! Scott will show you how to find the deals where others aren’t looking, how to get the banks to call you with deals, and how to attract the right type of investors who are looking to fund your deals.
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.
Some of the previous guests of the Note Closers Show have been professional athletes, Emmy award-winning life coaches, and a variety of best-selling authors and experts in their fields to add value to the businesses and lives of the millions of listeners of the Note Closers Show across the United States and over one hundred different countries. You can also listen to the podcast on a variety of different AM and FM radio stations across the country. You can also watch the episodes on the WeCloseNotes YouTube channel. If you want to tap into the Note Closers Show family and information network, you can by texting Notes to 72000 or by checking out the WeCloseNotes.com website for a full schedule of events and trainings offered. www.WeCloseNotes.com
How to Tap Into a Goldmine of Distressed Assets in TexasUncover the untold truth about finding distressed commercial notes in Texas. You won't believe the unconventional yet wildly successful approach one real estate expert used to expand their deal pipeline and make big bucks. Curious to find out how they cracked the code to lucrative opportunities in distressed commercial real estate? Stay tuned to discover the unexpected strategy that's shaking up the industry and opening doors to massive wealth. You won't want to miss this eye-opening revelation that's set to change the game for real estate professionals and investors in Texas.
In this episode, you will be able to:
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Book a call with Scott HERE!
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Low-balance notes aren't always a hit among note investors. But every once in a while, you'll find one that is listed for sale where you can cash in on a quick profit by buying the note and then getting paid off quickly. But how do you find these types of deals? How do you calculate the return on investment? What happens if the buyer doesn't close on the purchase and you are left with the nonperforming note? These are all valuable questions that we will answer in this episode.
In this episode, you will learn:
-Why driving by properties in your local area helps you identify hidden opportunities.
-Why calling a listing agent on a property can give you valuable information about your buyer.
-How to calculate your 30, 90, and annual ROI for quick close note deals.
-Other strategies for working with distressed borrowers on low balance, high equity notes.
-How to create win-win-win scenarios for you, your borrowers, and your investors.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
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Expand Your Influence: Marketing Tips for Real Estate InvestorsUncover the unexpected link between Charles Dickens and investing success in this captivating transcript. Discover how a famous author's secret holds the key to overcoming fear and achieving your investment dreams. You won't believe how this timeless story of practice and perseverance can transform your mindset and networking skills. Dive into the surprising connection between literature and real estate in this unique episode. But what exactly did Charles Dickens do, and how does it relate to your investing journey? Find out the powerful lesson that can change everything for you. Don't miss the chance to unlock your potential and create your own investing success story. Get ready to be amazed by this unexpected twist that can revolutionize your approach to investing.
In this episode, you will be able to:
Watch the full VIDEO HERE!
Book a call with SCOTT HERE!
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Very few conferences are dedicated to helping you market your business in the finance space. The Fincon Expo is one of the few exceptions that stands out as the "must-attend" event if you are in the finance, investing, or money education space. I've become a huge fan of this conference that is taking place this year in Atlanta on October 23-26th and I take time to share why it's helped me grow my business and community more each year.
In this episode, I share:
- Why FinCon stands out from other conferences I've attended.
- How I've leveraged the event before, during, and after to get the most out of it.
- Who attends FinCon and why learning from other niches in the finance space is critical for growth.
- What nuggets that I've taken away and applied to my business and marketing that have helped me grow exponentially in the past three years.
- How to get signed up for the upcoming event and save 30%. SIGN UP HERE!
Book a call with Scott HERE!
Watch the original Video HERE!
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Unlock the 3 Payday System: Creative Real Estate Financing Secrets
Are you ready to discover the secret behind closing real estate deals without relying on traditional banks? What if I told you there's a proven system that lets you secure deals and maximize profits, even in today's unpredictable market? It's not what you think, and it's definitely not what the media is telling you. This system has helped investors achieve jaw-dropping financial gains, and it's something you wouldn't expect. Want to find out more? Stay tuned for the unexpected reveal.
In this episode, you will be able to:
-Uncover the hidden potential of foreclosure investments for real estate success.
-Learn how to utilize subject-to-deals to create multiple paydays and win-win scenarios.
-Harness the benefits of owner financing to revolutionize your real estate game.
-Master the art of real estate success without relying on traditional banks.
-Learn the strategies for creating three paydays in your real estate investing journey.
-Overcome the challenges that come with real estate investment and emerge victorious.
Sign up for Chris's next BootCamp at http://snip.ly/WICKEDSMART
Watch the original VIDEO HERE!
Book a call with Scott HERE!
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Predicting Real Estate Trends: What the Next 3 Years Hold
If you're feeling overwhelmed by the chaos in the real estate market and unsure of where to invest, then you are not alone! We've got a lot of chaos taking place in the commercial and residential markets. What does the future hold? Who the hell knows? Scott Carson gives his predictions on what he believes will happen in the commercial and residential markets along with what positions in and markets will face the biggest issues. Oh and it's the 900th episode of the podcast as well!
In this episode, you will be able to:
-Understand the emerging trends shaping real estate investing in 2023 and stay ahead of the game.
-Explore the impact of commercial defaults on the real estate market and uncover potential opportunities.
-Discover the potential for investing in distressed assets in sanctuary cities and how to navigate this unique market.
-Understand what's going on in the Florida condo market and what it holds for note and real estate investors who own in "God's Waiting Room."
-Embrace the role of AI in real estate transactions to streamline processes and gain a competitive edge.
-Unlock the benefits of note investing in real estate and diversify your investment portfolio.
The key moments in this episode are:
00:00:02 - The Future of Real Estate
00:03:19 - Condo Apocalypse in South Florida
00:05:41 - Commercial Real Estate Distress
00:08:32 - Land Prices and Mortgage Options
00:10:27 - Impact of Immigration Policies
00:12:29 - Impact of AI on Mortgage Industry
00:13:37 - Affordable Housing Challenges
00:15:31 - Distressed Commercial Debt and Banking Industry
00:16:40 - Importance of Marketing in Real Estate
00:18:00 - Regional Real Estate Market Outlook
Watch the original VIDEO HERE!
Book a call with Scott HERE!
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Self-Directed IRAs: Maximize Returns and Take ControlHave you heard these myths about self-directed IRAs in real estate investing? Myth 1: Self-directed IRAs are only for the wealthy. Myth 2: Self-directed IRAs are too complicated and risky. Myth 3: You can only invest in stocks and bonds with an IRA. I will reveal the truth behind these myths, but first, let's dive into the real advantages of using self-directed IRAs in real estate. We'll spend time talking with Jaime Raskulinecz, CEO and Founder of Next Generation Trust Company, about the different advantages of using a SDIRA in your investing and diversification.
In this episode, you will be able to:
Open an account with Next Generation Trust Company HERE!
About Jaime Raskulinecz: Jaime strives to empower clients with the knowledge needed to shape their financial future proactively and is a frequent speaker on non-traditional investments within retirement plans.
Ms. Raskulinecz has more than a decade of experience within the real estate industry. She has served on the executive board of the Institute of Real Estate Management, Chapter 1 in New Jersey. Ms. Raskulinecz has been frequently interviewed and asked to contribute to articles about self-directed investing which have appeared in The Wall Street Journal, BusinessWeek, InvestmentNews, Financial Advisor Magazine, Investment Advisor Magazine, FoxBusiness.com, NJBIZ, The Record, RIS Media and Real Estate Weekly. She has recently been recognized by Real Estate New Jersey as one of their “50 Women of Influence” (2207 & 2008) and by the New Jersey Association of Women Business Owners (NJAWBO) as one of the “30 Most Successful New Jersey Women Business Owners.” Entrust Northeast was also selected as a “Best Practices In Marketing” finalist by The New York Enterprise Report for the firm’s education outreach to the public regarding real estate investing in self-directed accounts.
Watch the original VIDEO HERE!
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Building A Portfolio As a New Note Investor: A Mentorship Session With Veteran Investor Scott CarsonHave you ever heard these myths about note investing? Myth #1: Note investing is only for experienced investors. Myth #2: You need a lot of capital to start note investing. Myth #3: Note investing is too complicated for beginners. The truth about note investing strategies for beginners will surprise you. I'll share the secrets to implementing profitable note-investing strategies. Are you ready to uncover the truth?
I'm honored to sit down with two, new note investors: Kayla Penny and Thea Velinor. Both ladies are real estate investors from Toronto, Canada, looking to dive into the world of note investing in the United States. They had a list of questions about getting started as new note investors that they wanted answers to. So I took the time to answer each one to point them in the right direction towards success. Listen in on this 1:1 coaching call with Kayla and Thea.
In this episode, you will be able to:
Watch the original VIDEO HERE!
Book a call with Scott HERE!
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Strategies to Target Regional Banks with Distressed Commercial DebtIf you're feeling overwhelmed by the sheer volume of distressed commercial real estate notes and unsure where to start, then you are not alone! With so many banks holding underwater assets and a tsunami of commercial debt on the horizon, it's easy to feel lost in the sea of potential opportunities. But what if I told you there's a strategic approach to identifying and accessing these high-potential investment opportunities? Let's dive into the proven methods for finding distressed commercial real estate notes and unlocking your path to lucrative deals.
Here is the link to the report: https://snip.ly/BanksCRE
In this episode, you will be able to:
Watch the original video HERE!
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Got Burned By a Bad Real Estate Fund? Here's What Experts Say You Should Do NextHave you ever heard the myths about picking a smart real estate investment fund? Myth 1: All real estate funds are the same. Myth 2: The higher the projected return, the better the fund. Myth 3: Investing in a fund means guaranteed profits. But here's the truth... I'll share the strategy to debunk these myths and help you make smarter investment decisions with higher potential returns.
In this episode, you will be able to:
Connect with Mike HERE!
Watch the original video HERE!
Book a call with Scott HERE!
About Mike Zlotnik:
Mike Zlotnik is CEO of TF Management Group LLC, has been a real estate fund manager since 2009, with experience in real estate investing since 2000. A retired software executive, Mike is known as “Big Mike” for his stature and reputation for integrity and financial expertise in real estate. Originally a political refugee from the USSR, he is now an American citizen living in Brooklyn, NY, with his wife and four children. Mike holds a Bachelor’s degree in Mathematics from Binghamton University and is active in several real estate and investor mastermind groups. He is also the author of “How to Choose a Smart Real Estate Investment Fund” and hosts the "Big Mike Fund" podcast.
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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!
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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!
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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!
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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:
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
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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:
The key moments in this episode are:
00:00:02 - Busy Week & What We Are Seeing
00:00:47 - 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!
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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:
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
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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 ASSETS
CHECK OUT THE FULL VIDEO HERE!
BOOK A CALL WITH SCOTT HERE!
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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:
Watch the original video HERE!
Book a call with Scott HERE!
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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:
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!
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WHY FIVE MINUTES A DAY TO PLANT SEEDS WILL HELP EXPONENTIALLY GROW YOUR REAL ESTATE INVESTING BUSINESS
Johnny Appleseed was a revolutionary figure who changed the landscape of the Midwest by planting apple trees all across the country and helping settlers secure their homesteads. Most people don't know of this historical figure and how his daily activities and can-do attitude helped thousands. What can we learn from Johnny Appleseed that applies to your real estate investing in the 21st century> Scott breaks down how planting your "seeds" daily can dramatically change the outcome of your future.
In this episode, you will learn:
-Why five minutes a day of marketing your business is all you need to start out doing.
-Drafting ideas for content from news, deals, case studies, and your focus will help you attract your niche audience.
-How creating a one-minute video on a topic helps you create eight pieces of content.
-The demographics on why short from videos on YouTube and TikTok can help you target your perfect investor profile.
-What are the best days and times to post to YouTube and TikTok.
Watch the original video HERE!
Book a call with Scott HERE!
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From Fix-and-Flips to Note Investing: 5 Routes to Real Estate RichesAre you tired of feeling stuck and frustrated, trying to break into real estate investing? You may have been told that you need a lot of money saved up, great credit, or connections to even get started. But let's face it, those barriers can be disheartening and make you feel like real estate investing is out of reach. If you're nodding along, feeling the pain of these limitations, then you're not alone. Many aspiring investors have faced the same roadblocks. But what if I told you there are five different ways, plus a bonus sixth strategy, to buy your first investment property without needing a huge amount of cash or perfect credit? Stay tuned, because I'm about to reveal these game-changing strategies that could finally get you into the real estate game.
In this episode, you will be able to:
Watch the original video HERE!
Book a Call With Scott Carson HERE!
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When The Bank Takes Back The Building: Navigating ForeclosuresWhat if I told you that after a foreclosure, there's a surprising twist that could affect tenants, vendors, and even note investors? You won't believe the unexpected implications that come into play after the gavel falls. Stay tuned to find out how this foreclosure aftermath could turn the tables for everyone involved!
In this episode, you will be able to:
Watch the original video HERE!
Book a call with Scott HERE!
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With the stock market in free-fall and Wall Street locking the doors or shutting down trading to Main Street investors, note investing should look much more inviting to you and me! However, some people would say that finding above-average returns is difficult to find in performing notes.
That's not the case in this Detroit, MI CFD that could yield an 18% ROI to a note buyer (if everything checks out). That's why Scott Carson took his time in this episode to go through the deal to discuss what to look for in red flags on newly created notes.
In this episode, Scott shares:
-Why it's important to check the sales history of a property.
-How do you determine what a note seller will make in profits?
-How to make money by flipping a high-yield note.
-What pitfalls and red flags to watch out for.
-Why the property value of a property isn't always what a property sells for.
-How you can use this deal to structure your note-flipping deals.
Watch the original video HERE!
Book a call with Scott HERE!
Sign up for Scott's Class HERE!
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LinkedIn Hacks to Find More Deals and Funding SourcesIf you're feeling frustrated because you're not finding any deals or making enough money as a real estate investor, then you are not alone! Many investors struggle to generate leads and close deals, but the key to success may lie in a simple five-minute daily routine. Imagine turning those frustrating days into a steady stream of deals and profits. It's time to take action and see real results in your real estate investing journey.
In this episode, you will be able to:
Watch the original video HERE!
Book a call with Scott HERE!
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Equity deals can often be difficult to make happen with market pricing being often at 80% of the legal balance and in states with longer foreclosure time frames. But that's not the case for nonperforming notes in Texas, where foreclosure is the fastest in the United States.
In this specific Round Rock, Texas nonperforming note case study, Scott Carson breaks down and walks you through the possible exit strategies and potential profit margins on this deal. Scott shares how to leverage the fast foreclosure timeframe and process to help create win-win solutions for you and the borrower.
In this episode Scott shares:
- Why it's not always about owning the property in equity deals.
- How to calculate the different exit strategies to identify the best path to profits.
-How working with an elderly borrower on a reverse mortgage can be a win-win.
-How to work with a borrower on a cash-for-keys deal can help you take the property back without the risk of foreclosure or bankruptcy.
-Time frame and pricing for a distressed borrower to list their house for sale in this market.
-Why sharing daily case study videos like this one will help you grow your following, find more deals, and raise more capital.
Watch the original video HERE!
Book a call with Scott HERE!
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Note Investing: Separating AI Fiction from Expert Facts
Artificial Intelligence might be a hot topic, but even Big Brother gets wrong a large chunk of the time when it comes to researching the niche of note investing. We recently asked Google's AI about the Top 20 Questions Asked About Note Investing and what it returned with was some watered-down answers to the biggest questions.
So I took the time to review each question and answer it correctly so that new note investors don't make the mistake of just believing everything written on the internet. I'm sure you will find this episode interesting and chuckle at where Google gets it wrong and the Note Guy gets it right!
Here is the list of the 20 questions that AI stated were the most asked:
Watch the original video HERE!
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Does this sound familiar? You've been told to handle every aspect of your real estate business yourself, thinking you can do it better. But let's face it, things are falling through the cracks, and you're feeling overwhelmed and limited in your growth. It's time to admit that trying to do it all alone is not getting you the results you want.
In this episode, you will be able to:
Watch the original video HERE!
Watch the Virtual Assistant Masterclass HERE!
Book a call with Scott HERE!
The key moments in this episode are:
00:00:02 - The Power of Delegating Tasks
00:04:22 - Knowing Your Worth and Delegating Accordingly
00:07:32 - Leveraging Email Newsletters as a Valuable Asset
00:10:46 - Efficiently Researching and Reaching Out to Note Sellers
00:12:20 - Streamlining Email Campaigns and Lead Generation
00:12:38 - Foreclosure List Strategy
00:13:12 - Delegating Tasks
00:14:17 - Utilizing Virtual Assistants for Research
00:15:35 - The Power of Follow-Up
00:18:32 - Overcoming Perfectionism and Delegating
00:24:08 - Upcoming Note Weekend Class
00:24:34 - Revamping Training
00:24:57 - Farewell and Well Wishes
00:24:08 - Q&A and Interaction
00:24:57 - Call to Action
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Only You Can Save Owner Financing in TexasIt's a sad day when a regulatory body in Texas is working against property and business owners to make it extremely difficult to get an owner-financing transaction done. That's what it going on right now with the Texas Savings & Mortgage Lending Department (which handles licensing issues for mortgage companies and loan officers) which is proposing rule changes that would adversely affect your ability to sell your property, land, or business on seller financing.
Link to the Seller Financing Coalition & Letter Campaign
Watch the original video HERE!
Currently, numerous proposed rule changes would harm future Texas home buyers, particularly those who are currently not well served by the financial services industry due to demographic and economic factors. These proposed rule changes will also hurt numerous small business owners and private home sellers. Two examples of harmful rule changes are:
A. The Department’s new regulation requiring that all RMLO (Registered Mortgage Loan Originator) agents work for a bank or mortgage company harms Texas citizens in multiple ways.
RMLOs can no longer be self-employed despite their own efforts to become licensed professionals.
All prospective buyers must now seek to fit within the narrowing loan requirements imposed by banks and mortgage companies, etc. This denies access to credit to many hard-working people who are a) self-employed, b) buying vacant land, c) have lower incomes, and d) using multi-generational resources to qualify for homeownership loans.
It means private individuals or small businesses that already own homes or properties cannot hire an RMLO to qualify potential buyers as part of a seller-financing transaction. This prevents such sellers from complying with Dodd-Frank.
B. To legally meet the growing demand for non-bank financing on homes and vacant land numerous individuals rely upon seller financing. Private individuals or small businesses in Texas who offer seller-financing for homes or land to other Texans, frequently use independent RMLOs. Using these independent RMLOs protects both the Buyer and the Seller.
Given these facts, the following proposed language in “§56.100 Licensing Requirements” is rather harmful.
“However, if the lender owns the residential real estate securing the loan and has exceeded the limit for exempt transactions as provided by Finance Code §156.202(a-1) (3), the lender must be licensed under Finance Code Chapter 156, regardless of whether the lender has secured the services of an originator as provided by this subsection.”
This proposed verbiage goes beyond the SAFE Act and Dodd-Frank requirements and imposes a harsh “scarcity penalty” on disadvantaged buyers by severely restricting the number of properties that a non-lender seller can sell using seller finance. This harsh and unnecessary restriction on what private citizens in Texas can do (sell) with their own houses and land is unwarranted. In a time of shrinking inventory and rising demand removing assets and liquidity from the market place is harmful to all Texans.
Here are some reasons an individual or small business will hire an RMLO as part of a seller-financed transaction
A. The RMLO ensures that all Dodd-Frank regulations are followed for both the lender and the borrower (homeowner).
B. The RMLO agent makes sure the borrower (homeowner) is economically qualified to buy (has the ability to pay) and understands the specifics of the loan.
C. Not using an RMLO allows unsavory lenders to take advantage of naïve borrowers.
D. Not using an RMLO may cause individuals or small Texas businesses to unknowingly violate Dodd-Frank and face federal charges and/or penalties that could cause financial duress, or unintentionally destroy and close small Texas businesses.
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Connecting the Dots: How to Track Down Hard-to-Find BorrowersDo you want to make informed investment decisions and find profitable note solutions? I'll be sharing the solution for achieving that result. Get ready to learn thorough due diligence techniques that will help you make profitable note investments.
In this episode, you will be able to:
Watch the original video HERE!
Book a call with Scott HERE!
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Being a successful real estate investor is NEVER just about looking at property and making offers. There are many more moving parts if you want to have a long and fruitful career as a note or real estate investor. Unfortunately, the mass the majority of wanna-be investors are doing the bare minimum when it comes to marketing their businesses which leads to minimal success.
It's 2024 and you have to embrace the marketing side of the business so that you are working smarter than harder to get the word out on what you are doing! These are the five most important tools that you need to embrace and add to your marketing tool belt to help you find more deals, raise more capital, and make more money in today's digital investing world.
Watch the original video HERE!
Book a call with Scott HERE!
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I've been bombarded with "Congratulations" from people about my 15th anniversary with WeCloseNotes.com. But this week also marks my 20th anniversary as an entrepreneur. That got me thinking about the past ups and downs, and what I've gone through to get where I'm today and it all comes down to one thing: My Faith.
I know we don't talk about our faith a lot but I find it important to have faith and a vision for where you want to go and what you want to accomplish. Faith in a higher power is just as important as faith in your abilities. In this episode, I share why my faith is what it is and what I've learned in my two decades as an entrepreneur.
Watch the original video HERE!
Book a call with Scott HERE!
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Which states do you want to buy in over the next five years? More importantly, which states should you avoid like the plague if you are looking to buy (or sell) real estate between now and 2030? Most of these states won't be surprised as BankRate.com released an article listing the seven worst states to buy property according to realtors in those states.
READ THE ARTICLE HERE!
We even took it a step further and focused on the Top 10 worst states to buy or invest in. It goes beyond the foreclosure timeframe, cost of living, and property taxes on this list. Property insurance, job growth, homelessness, and crime rates also played a big part in our picks for the worst. Of course, there are parts and places to each state that we love, but we just don't love the idea of owning property there!
Watch the original video HERE!
Book a call with Scott HERE!
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Earn Above Average Returns With Under $25KI know that many new investors struggle to do their first deal. They overthink the process and will often struggle with "overanalysis paralysis" when it comes to pulling the trigger. But you will learn more about investing in a niche by doing your first deal than you would if you took every class on the subject. The same is for note investing, but we have a solution for you! This episode is designed to help you pull the trigger!
We've got a list of 12, small-balance, performing, first liens available for sale from a client of ours. All of these notes are well seasoned, performing, and are backed by property values way above the payoff balances. The best thing about this is that you can step into some cash flow and earn a decent return without breaking the bank. With balances ranging from $3K to $37K, you can cherry-pick this list with most selling for under $25K! This is a great opportunity to help you put your small balance SDIRA, ESA, or HSA to work today!
DOWNLOAD THE LIST OF NOTES HEREAll of these loans are serviced with Madison Management and have clean collateral files! There are ZERO broker fees as we are just helping our friend move these notes so that they can raise some capital for another deal (If you wanted to pick up the whole tape, you could do so for $175K).
WATCH ME GO THROUGH THE TAPE HERE!
BOOK A CALL WITH SCOTT HERE!
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Protect Your Investment: Why Due Diligence is Critical When Buying NotesIf you're feeling the frustration of not knowing where to go for comprehensive due diligence services in real estate investing, and you're tired of making costly mistakes, then you are not alone!
In this episode, you will be able to:
My special guest is Dickie Baldwin
Dickie Baldwin, a seasoned industry veteran with over 40 years of experience, stands as a beacon of wisdom in the real estate arena. His journey, spanning from realtor to loan originator and correspondent lending, culminated in the establishment of the Baldwin Advisory Group. With a deep understanding of the nuances of real estate investing, Dickie's mission is to empower investors through comprehensive due diligence services. His personable approach and relatable insights make him a trusted advisor for those navigating the complexities of real estate investments. Dickie's wealth of knowledge and genuine desire to see investors succeed solidify his position as a go-to expert for all things due diligence in the real estate realm.
Book your Due Diligence with BAG HERE!
Watch the original Video HERE!
Book a call with Scott HERE!
The key moments in this episode are:
00:00:02 - Introduction to Dickie Baldwin
00:06:00 - Importance of Due Diligence
00:10:55 - BPO and Property Condition Report
00:16:37 - Rural Property Challenges
00:19:28 - Importance of PCR in Property Assessment
00:19:53 - Property Inspection and Valuation
00:20:52 - Importance of Property Condition
00:22:33 - Self Directed IRA and Property Valuation
00:23:29 - Drone Flyovers for Property Assessment
00:30:47 - Commercial Property Valuation
00:37:30 - Importance of Multiple Owner Search
00:38:19 - Cost of Title Searches
00:40:26 - Purpose of Title Search
00:43:14 - Importance of Recorded Assignments
00:53:24 - Importance of Due Diligence
00:56:37 - Importance of Tax Sale Reports
00:57:57 - Ordering Process and Forms
01:02:40 - Real Estate Network and Services
01:06:51 - Property Visits and Documentation
01:09:34 - Skip Tracing and Title Curative
01:15:59 - Importance of Due Diligence
01:16:17 - Payment Process
01:17:35 - Continuous Learning
01:18:21 - Protecting Assets
01:18:55 - Future Plans
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Join Our Elite Team of Hungry Note Buyers on a Summer Calling SpreeHave you heard the myths about taking part in the 2024 Banking Blitzkrieg? Myth 1: You need to be an expert in the note business to participate. Myth 2: It's too time-consuming and requires a huge investment. Myth 3: You won't get any real value out of it. Want to know the truth? Stay tuned for the surprising reality behind the 2024 Banking Blitzkrieg strategy.
RSVP YOUR SPOT NOW HERE!
In this episode, you will be able to:
Watch the original episode HERE!
Book a call with Scott HERE!
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Surviving the Housing Crisis: Expert Advice You NeedHey, do you ever feel like you're putting in all the effort but not seeing the results you want? Maybe you've been told to take certain actions to get ahead, but they just don't seem to be working. It can be frustrating, right? You're not alone. Many real estate and mortgage professionals have been in your shoes, feeling the pain of working hard with little payoff. If this sounds familiar, you're not alone. Let's dive into what's really going on in the Texas real estate and mortgage markets to understand how you can adapt and thrive.
In this episode, you will be able to:
My special guest is Mike Mills. Mike is the host of the Texas Real Estate and Finance podcast, whose expertise as a mortgage expert and branch manager specializing in DFW and Texas real estate is unmatched. With a passion for empowering others through knowledge and a deep understanding of the market dynamics, Mike brings a unique perspective to the table. His insights into the cracks in the Texas real estate and mortgage markets offer a valuable opportunity for real estate and mortgage professionals to understand their clients' needs better and confidently navigate the ever-changing landscape.
Watch the original video HERE!
Connect with Mike HERE!
Talk with Scott Carson HERE!
The key moments in this episode are:
00:00:02 - Introduction and Special Guest Introduction
00:03:45 - Real Estate Market in Texas
00:04:18 - Difficulty of Getting Deals Done
00:07:04 - Tightening of Lending and Credit Market
00:10:38 - Recency Bias and Consumer Behavior
00:11:10 - Impact of High Credit Card Rates
00:13:44 - Challenges in Commercial Real Estate
00:14:25 - Economic Outlook and Market Trends
00:16:30 - Concerns about Federal Debt
00:20:00 - Affordability of Real Estate
00:22:20 - The Pitfalls of Overpaying for a First Home
00:23:27 - Impact of Lack of Financial Education
00:24:39 - Learning from Financial Mistakes
00:27:47 - Changing Perspectives on Living Arrangements
00:29:10 - Financing Challenges for Tiny Homes
00:33:27 - Real Estate Market Trends in Texas
00:34:44 - Seller Concessions and Buy Downs
00:36:18 - Geographic Limitations for Mortgage Loans
00:37:55 - Challenges and Rewards of Podcasting
00:41:06 - Importance of Hands-On Experience
00:44:10 - Consistency is Key
00:44:42 - Connecting with Mills Team Mortgage
00:45:27 - Specializing in Non-traditional Loans
00:46:09 - Providing Pathways to Success
00:47:08 - Embracing Diverse Dialogue
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If you are looking for performing or nonperforming notes in Texas, you will love this episode! Scott Carson shares how to get a list of licensed mortgage brokers and servicing companies doing business in Texas directly from the state Savings & Mortgage Lending department. This list includes company names, contact person, email, and phone numbers for the person in charge of licensing which gives you a warm lead into talking with the companies about who handles their distressed note sales.
Scott discusses his three-step approach to contacting these leads through email, phone, and LinkedIn and why drip marketing to this list monthly is worth your time to find note deals for your own portfolio.
Watch the original video HERE!
Book a call with Scott HERE!
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I just got back from spending some time in Minnesota with my Mom to attend a celebration of the life of my aunt and uncle who recently passed. The minister shared a poem called "The Dash" about how we celebrate the lives of people (or the dash) between their births and deaths.
It's been over 30 years since I visited the state where I was born and the amount of memories created and shared amongst my extended family of uncles, aunts, cousins, and family friends had me thinking a lot about the poem and what it represents for us as entrepreneurs and real estate investors.
Check out The Dash at:https://snip.ly/TheDash
Watch the original video HERE!
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Is Graceland really facing a May foreclosure auction or is it a case of mortgage fraud?
USA Today released an article talking about how a private Memphis lender is trying to foreclose on Elvis home by presenting a deed of trust for $3.8 Million that was supposedly lent to Lisa Marie back in 2018. With her death last year, the company is claiming that the loan was not paid back and filed a foreclosure action in Shelby County (Memphis), TN to take back the iconic landmark.
READ THE FULL STORY AT https://snip.ly/graceland
Elvis granddaughter and heir of Graceland, Riley Keogh, is fighting the sale claiming that the deed of trust is fraud and that the money was never borrowed.
What screams fraud (and the same would be said of any private lender) is that there is no lien or deed filed on the Shelby County Recorder office. This would be the first thing that any private lender would do to protect their position.
Naussany Investments and Private Lending in Missouri is the company filing the foreclosure action that was delayed by Keogh's legal team.
We dive deeper into the story and share how we researched this story in the full episode.
Watch the full video HERE!
Book a call with Scott HERE!
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You've heard that many distressed commercial properties are facing problems in the market, but how do the numbers compare when broken down by property type and their level of distress or maturity levels? That's where the CREDiQ monthly report on payment status comes into effect!
Multifamily distress nearly DOUBLED in a month!!! from 3.7% to 7.2%
READ THE FULL REPORT HERE!
Most of it was due to a large $1.75 billion loan ($561,000/unit) backed by Parkmerced, a 3,221-unit multifamily- which has been underperforming below break-even @ 0.47x DSCR and 83.5% occupancy.
Retail’s third consecutive distress rate increase earned them the number two slot while relinquishing their leadership position from the March report. The retail segment distress rate increased from 9.5% in March to 11.9%, achieving a record level for the segment.
The hotel segment notched the third-highest month-over-month increase – gaining a full percentage point from 7.7% to 8.7%. Meanwhile, the office segment logged its fifth consecutive monthly increase by a modest 3 basis points, landing just behind retail at 11.7%.
Meanwhile, the industrial and self-storage segments continued their virtually non-existent, sub-1% distress rates
Nearly one-third of the distressed loans are current or within the grace period. The largest category was non-performing, matured at 36.8%. The closely watched performing matured category represents 9.2% of the loans.
WATCH THE ORIGINAL VIDEO HERE!
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Are you a real estate investor looking for distressed assets for you to buy to either flip or add to your rental portfolio? Then nonperforming notes might interest you. Scott breaks down a list of 188 nonperforming notes that combine vacant reverse mortgages and nonperforming first mortgages that are available for sale.
Scott shares how he came across this list of deals, what type of bidding instructions are involved, estimated offering percentages, and how you can take place in bidding for your own portfolio.
Get signed up for his monthly WCN Membership at HTTP://noteumbrella.com for just $97 per month.
Watch the tape breakdown video HERE!
Book a call with Scott HERE!
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Uncover the unexpected truth about the top cities with the highest real estate growth in 2024. You won't believe which city took the number one spot with a staggering 25.5% growth. It's not what you'd typically expect, and it's definitely going to leave you intrigued.
But that's not all – there are surprising cities on this list that are poised for remarkable growth, and you need to know about them. You won't want to miss out on this eye-opening revelation, so stay tuned to find out which cities are setting the real estate market on fire. Get ready to rethink your perceptions about real estate growth as we dive into these unexpected findings. The insights might just lead you to an opportunity you never considered. Watch out for the full scoop, coming your way soon!
READ THE FULL REPORT HERE
WATCH THE ORIGINAL VIDEO HERE
In this episode, you will be able to:
The key moments in this episode are:
00:00:02 - Introduction and Top Ten Cities with Most Growth in 2024
00:01:18 - National Average Home Price and Market Trends
00:02:37 - Top Ten Cities with Highest Growth Rates
00:04:49 - Cities with Slowest Median Home Price Doubling
00:06:30 - Single Family Home Price Doubling
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Most investors and entrepreneurs never find success due to the fact that they fail to realize that they are the face of the organization. You must promote yourself on a regular basis to attract clients, investors, and deal flow. How else will your potential funding partners and clients know that you exist?
In this episode, Scott breaks down why YOU are your greatest asset or biggest weakness when it comes to achieving the type of success that you want. In this episode Scott Carson shares:
Watch the original video HERE!
Book a call with Scott HERE!
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Are you confused about Reverse Mortgages vs. Traditional Notes? This episode and video equips you to evaluate and bid on reverse mortgage deals involving deceased borrowers who leave behind vacant properties.
In this episode, Scott Carson dives deep into:
Bonus: Discover how to obtain Seller Reserve Bids, Property Access & Due Diligence (Free with WCN Crew Membership: Link to Note Umbrella: [HTTP://noteumbrella.com])
Watch the original VIDEO HERE!
Book a call with Scott HERE!
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Struggling to find deals and raise capital as a note investor? The key to success may be simpler than you think. Discover the one powerful tool top note investors use to crush their competition: Consistency!
Join veteran note investor Scott Carson (16+ years of experience) as he unveils the secret sauce behind his success and that of his thriving coaching students.
In this episode, you'll learn:
Real estate investing isn't rocket science, but it's a science of consistency. Learn from the best and unlock your full potential as a note investor!
Watch the original video HERE!
Book a call with Scott HERE!
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When you look at buying performing notes, it's not only important to look at the potential cash flow of the deal but also to understand the amortization calendar and how long you can hold on to that note when using investors' funds. The later the term of the mortgage often means the sooner you need to be out of the deal.
Scott breaks down how investors can get in trouble if they don't run the numbers to identify when they need to get out of a performing note when the principal balance gets closer to the funding amount of the deal. He'll show you why it's much better to be buying that note on the front half of the mortgage term instead of the last half and why paying 80% for performing paper is not always a good idea.
Watch the original video breakdown HERE!
Book a call with Scott HERE!
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Many parents struggle to discuss money and wealth-building strategies with their children because they often have a difficult time understanding the concepts themselves. What if there were a way to bring a treasure trove of financial experts together to help you understand and communicate generational wealth-building strategies for you and your family in one spot?
We are excited to announce the special Raising Generational Wealth Virtual Summit hosted by our good friend and financial expert Clifton Corbin. This special event is scheduled for May 2-4 and is 100% online! And the best part is that his 20+ speakers are sharing their time, knowledge, and expertise for FREE!
RSVP your spot now at https://snip.ly/RaisingGenWealth
Watch the original video HERE!
Book a call with Scott HERE!
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The latest foreclosure report by Attom Data Solutions is out for Q1 of 2024. Scott shares the results from the latest findings that the "market is in transition" and discusses how this can affect buyers, sellers, and investors.
He shares the number of foreclosure filings, foreclosures completed, new REOs, and which states are seeing the most amount of distressed borrowers out there. Scott also shares which states are experiencing the longest and shortest foreclosure timeframes and the five biggest cities seeing trouble.
The results also share how Q1 numbers compared to Q4 of 2023 and the year-over-year numbers for everything involved.
You can read the full report at https://snip.ly/Q124Foreclosures
Watch the original video HERE!
Book a call with Scott HERE!
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How do you create a portfolio of performing notes that will return you a 21% ROI as a new note investor? You work with Scott Carson! Scott shares how new coaching students purchased 18 performing notes in four months at 67% of the UPB to yield a net 21% ROI.
Scott breaks down the numbers, shares the geography of the deals, and the different exit strategies that his 1:1 Coaching Students have on how to return their capital, refinance with OPM, or flip the portfolio for a quick profit. Scott also discusses why his students didn't wait for a note trading platform to upload new deals and how they went out and marketed for deals directly from sellers. You too can go from zero to 20% if you are coachable and follow what Scott teaches.
Watch the original video HERE!
Book a call with Scott HERE!
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Do you own a home, but still struggle financially? You're not alone. A recent report by Lending Tree reveals surprising statistics on homeownership rates among low-income Americans.
In this episode, we'll break down the key findings of the Lending Tree study and explore:
Whether you're a homeowner, considering buying a home, or simply interested in housing trends, this episode provides valuable insights. Scott Carson discusses this report and the reasons why homeownership isn't always a dream. For one in eleven people, it's become a nightmare that needs help!
Read the Lending Tree article HERE!
Watch the original video HERE!
Book a call with Scott HERE!
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From Fix & Flips to Flipping Notes: How One Investor Found Financial FreedomHave you heard these three myths about transitioning from flipping to note investing? The truth will surprise you, but I won't give it away just yet. Get ready to uncover the reality behind these myths and discover the key to achieving financial stability and freedom through diversified investments. Are you ready?
In this episode, you will be able to:
Travis Oglesby has been in real estate for 7 years. He is a cash flow guy with 90 notes in his portfolio and 2 RV parks. He and his team focus on creative finance and owner financing. He has a simple process and he is happy to show it to you.
Connect with Travis HERE!
Watch the full interview HERE!
Book a call with Scott HERE!
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Retire Comfortably With Just 15-30 Strategic Cash Flowing DealsA recent USA Today shared that most people believe they need over $1.5 Million to retire but are way behind on that number. How are people expected to achieve their retirement goals if that number seems like you are climbing Mount Everest? Scott Carson shares his inner "Journey" on why you shouldn't "stop believing." But first, we've got some myths that we need to overcome.
Have you heard these common myths about achieving retirement goals through real estate? Myth 1: You need a crazy high amount like 4 million or 10 million to retire comfortably. Myth 2: Real estate investments require working yourself to death. Myth 3: You need a lot of your own money to get started. But here's the truth about hitting your retirement goals with real estate investments. It's not that hard if you have a game plan and patience. Curious to know the strategy? Stay tuned for the surprising solution.
Read the original USA Today article HERE!
In this episode, you will be able to:
The key moments in this episode are:
00:00:01 - The Retirement Number Myth
00:02:07 - The Rising Cost of Retirement
00:07:47 - Investing in Cash Flowing Assets
00:10:13 - Types of Investment Deals
00:11:45 - Importance of Cash Flow in Real Estate Investment
00:12:23 - Using Other People's Money for Investment
00:13:15 - Building Wealth through Real Estate Investment
00:14:16 - Tailoring Investment Strategies to Different Age Groups
00:17:11 - Using Self-Directed IRA and Networking for Investment
Watch the original video HERE!
Book a call with Scott HERE!
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If you're feeling overwhelmed by the evolving real estate landscape and unsure about how to navigate the changes, then you are not alone! Imagine the frustration of trying to understand new commission structures and feeling left in the dark about the impact of NAR lawsuits. It's time to gain clarity and take control of your real estate journey. Let's explore how to thrive in this changing environment together.
In this episode, you will be able to:
My special guest is John Marion. John IS an experienced realtor and investor based in Atlanta, has weathered the ups and downs of the real estate market for over a decade. His journey began during the market crash of 2007-2008, where he transitioned from the nonprofit sector to real estate investing. With a strong foothold in fix-and-flips, distressed properties, and representing investors as a licensed realtor, John offers a wealth of knowledge on the industry's nuances. His dual role as an investor and realtor provides a unique vantage point for understanding the evolving landscape of real estate commissions, making him a valuable asset in navigating the impact of NAR lawsuits. John's insights bring a seasoned perspective to the discussion, shedding light on the changing dynamics of real estate.
Connect with John at Alpha Dog Capital.
Watch the original video HERE!
Book a call with Scott HERE!
The key moments in this episode are:
00:00:02 - Introduction and Lawsuit Overview
00:01:00 - John's Real Estate Journey
00:07:27 - Lawsuit Details
00:10:58 - Impact on Buyers' Agents
00:12:24 - Realtors' Response
00:12:51 - Real Estate Commission Changes
00:13:45 - Impact on Buyers
00:17:07 - Labor Intensity in Real Estate
00:21:12 - Open Houses and Lead Generation
00:24:56 - Disadvantages of Unrepresented Parties
00:25:47 - Misconceptions about realtors and investors
00:26:25 - The value of realtors in real estate transactions
00:27:40 - Importance of investor-friendly realtors
00:29:29 - The impact of market shifts on buyer representation
00:31:12 - The role of MLS and realtor dues
00:38:52 - The Impact of Property Condition
00:39:28 - The Role of Realtors
00:41:59 - Squatter Legislation
00:45:23 - Future of Real Estate Services
00:48:54 - Human Connection in Real Estate
00:51:18 - Connecting with John Marion
00:51:31 - Conclusion and Thank You
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Discover the shocking truth about the importance of checking escrow balances when buying notes. You won't believe what happened to one unsuspecting student who found themselves in a financial mess because of someone else's oversight or greed!
Learn how this simple step could save you from costly mistakes and ensure a smooth note investment journey. You won't want to miss out on this eye-opening insight that could make all the difference in your investment strategy. Stay tuned to find out how to protect yourself and your investments. The answer may surprise you!
Watch the original episode HERE!
Book a call with Scott HERE!
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Surprise Locations Ranked As Best Markets for Single Family Rentals This YearIf you're feeling overwhelmed by the countless options for rental investments and unsure which counties to target, then you are not alone! With so much information out there, it can be frustrating trying to figure out the best places to invest in rental properties, especially when the market is constantly changing. You might be feeling lost in the sea of data, not knowing which counties will actually yield the best returns for your investment. It's time to cut through the noise and focus on the top rental markets for 2024 based on Attom's recent article. Let's find the most promising opportunities together!
In this episode, you will be able to:
The key moments in this episode are:
00:00:13 - Top Counties for Single Family Rentals
00:01:37 - Rental Market Analysis
00:04:25 - Rental Yield Increases
00:06:32 - Rents Rising Faster than Wages
00:09:13 - Top Rental Markets Revealed
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Got Wanderlust? How This Investor Funds His Family's Globe-Trotting LifestyleDoes this sound familiar? Have you been told that the key to successful real estate investing is to go it alone and figure it all out yourself? The pain of trying to navigate the complex world of real estate investing on your own can be overwhelming. But what if I told you there's a better way to invest in real estate without the stress and hassle? Let's discover the benefits of fractional real estate investing together and how it can transform your investment journey.
In this episode, you will be able to:
My special guest is Brian Davis
Brian Davis, the creator and founder of Spark Rental, possesses over twenty years of experience in real estate investing. His extensive portfolio includes fractional ownership in over 2000 units, establishing him as a leading authority in passive real estate investments. Notably, Brian's contributions as a regular expert for BiggerPockets underscore his authority in the field. His practical insights and global approach have provided invaluable guidance to individuals navigating the intricacies of fractional real estate investing.
Sign up for the next Wealth Hacking Event by Spark Rental HERE!
Watch the original video HERE!
Book a call with Scott HERE!
The key moments in this episode are:
00:00:02 - Introduction and Overcoming Fear of Investing
00:08:26 - Transition from Active to Passive Investing
00:11:23 - Creating an Investment Club
00:12:35 - Risk Analysis and Financing
00:12:59 - Interest Rate Risk and Long-Term Investing
00:14:31 - Cash Flow Risk and Geographic Diversification
00:17:35 - Managing Cash Flow Risk
00:22:09 - Property-Specific Considerations
00:25:43 - Investing in Cash Flow Markets
00:27:15 - Choosing a Sponsor in Real Estate Investing
00:32:35 - Transition to the Middle East
00:34:48 - International Real Estate Investing
00:37:19 - Free Workshop on Private Equity Real Estate Investing
00:40:27 - Traveling Adventures and Hobbies
00:41:16 - Exploring Local Cuisine and Culture
00:42:04 - Travel Blogging and Side Hustles
00:42:31 - Balancing Work and Passion Projects
00:42:56 - Syndications and Real Estate Education
00:43:29 - Closing Remarks and Actionable Steps
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From Door-to-Door Sales Rep to 7-Figure Entrepreneur in 8 Years
Do you want to achieve long-term financial stability and build wealth in a nontraditional way? Join me as I share the solution to achieving this result and transforming your financial future. Let's dive in and take control of our financial destinies!
In this episode, you will be able to:
About Carly DeFelice: Carly’s a Finance grad, entrepreneur, and money coach. She went from owing $35k to becoming debt-free with a nest egg over $100k by age 26 (earning only average pay). She then created, Best Money Class Ever, a live 4-week personal finance class. Her class teaches how to pay off debt, invest, and stress less about money. She was recently featured on CNBC, MSN, and Business Insider. You can find her on Instagram and TikTok @bestmoneyclassever. In her spare time she's learning how to use power tools and renovating her RV.
Watch the MSNBC VIDEO HERE!
Grab Carly's Checklist HERE!
Watch the original video HERE!
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Ready to unlock the potential of mortgage note investing, but feeling overwhelmed by hidden fees? This episode/video equips you with the knowledge to navigate the fee landscape and make informed investment decisions. We'll delve deep into the 6 essential fees you'll encounter in the world of mortgage note investing, helping you avoid surprises and maximize your returns.
Understanding Fees: The Key to Success
The intricate world of mortgage note investing offers a compelling alternative to traditional investments. However, navigating the path to success requires a clear understanding of the associated fees. These fees can significantly impact your overall returns, so being prepared is crucial.
1. Due Diligence Fees: Your Investment Insurance
Before diving headfirst into a note purchase, thorough due diligence is essential. Due diligence fees cover the costs of investigating the quality and performance of the mortgage note. This includes verifying the borrower's financial health, analyzing the property's value, and assessing the overall risk profile of the investment. Think of due diligence fees as an insurance policy, protecting you from potential pitfalls down the road.
2. Closing Costs: Securing Your Ownership
Once you've decided to move forward with a note purchase, closing costs come into play. These fees ensure a seamless transfer of ownership and protect both buyers and sellers. Closing costs may include:
3. Servicing Fees: Keeping the Investment Engine Running
Servicing fees are ongoing expenses associated with managing your mortgage note investment. Loan servicers handle the day-to-day operations, ensuring smooth functionality. Their services typically include:
4. Brokerage Fees: Partnering with Expertise
Brokerage fees come into play if you decide to utilize the services of a broker to find and purchase mortgage notes. Mortgage note brokers are experts in the market, leveraging their knowledge and connections to source investment opportunities. Their expertise can save you time and effort, but their services come with a fee.
5. Legal Fees: Safeguarding Your Investment
Legal expertise is crucial in the world of note investing. Legal fees can cover a range of services, including:
Having a lawyer on your side provides peace of mind and protects your investment.
6. Marketing Fees: Reaching Your Investment Goals
While not always considered a traditional fee, marketing can play a significant role in note investing. Marketing can help you with:
Investing in Your Knowledge: The Ultimate Fee
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Want Top Dollar For Your Note? Dodge These 8 Deadly Mistakes!
Does it sound familiar to make mistakes in owner financing? Have you been told that owner financing is a great strategy without knowing the potential pitfalls? If you're feeling the pain of taking a big discount on a note sale due to improper structuring, it's time to avoid these costly mistakes. Let's dive into the 8 HUGE Owner Financing Mistakes to AVOID and enhance your profitability while minimizing risks.
In this episode, you will be able to:
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I'm a huge fan of watching sports documentaries or miniseries that follow and feature different big names in their specialized sports. Whether it's golf, baseball, football, or even racing, I love the behind-the-scenes sessions where you get to see how these amazing athletes deal with stress and the mind games that they play with themselves. One thing that I notice consistently is that the most successful have one thing in common: a strong mind game.
We all play mind games but it's those individuals who overcome our self-doubt or stinking thinking and internal mind games who achieve the type of long-term success that everyone dreams of. It's especially true where the playing field is level. If you want to grow as an investor or entrepreneur, you've got to grow mentally into the mindset first or you'll never overcome the hurdles and self-doubt that stops the majority from finding success.
In this episode, Scott Carson breaks down some of these Money Mind Games that we play with ourselves and why it's important to find a coach to help you overcome the doubts and fears that everyone faces. Entrepreneurship is full of ups and downs, but it's how you overcome the troubling times and the stressful situations in that determine if you become a winner or stay a loser wishing for a different outcome.
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Becoming a real estate investor can be a daunting task to most when you realize that you have to start marketing yourself and your business to achieve success. And while many investors put this off until they have to, it doesn't have to be difficult if you start off doing some simple things to help you grow your database daily.
That's why Scott shares his five favorite ways to grow an investor database for new real estate investors in 2024. Scott discusses how to leverage each way to maximize your growth and how to work around your busy schedule if you are still working full-time.
Scott also shares why your email database is one of your most valuable assets as a real estate investor and why it is an organic organism and how it will help you grow your business, find and close more deals, and raise more money if you'll embrace growing your database on a daily and weekly basis.
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We all know that Americans have been through a lot of financial difficulties in recent years, between periods of high unemployment, high inflation, and a pandemic, Although conditions have significantly improved, many people still are in financial distress, which WalletHub defines as having a credit account that is in forbearance or has its payments deferred, meaning the account holder is temporarily allowed to not make payments due to financial difficulties.
In this episode, Scott discusses the Top 25 Cities in Financial Distress based on the current article by Wallet Hub. He shares which cities are on the list and which cities he was surprised to see make the top 25. Scott also breaks down how to use such a list to identify opportunities as a real estate and note investor and how to use this information when it comes to researching and investing in notes or real estate.
Watch the original video HERE1
Check out the full article HERE!
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One of the #1 questions I get from real estate investors is how do you find distressed apartments that I can buy? Well, the answer is "Find the Distressed Mortgage Notes on Apartments" and go from there!
In this episode, Scott shares several resources that he and his team use to locate distressed apartment notes, how buying the note is different from buying the actual apartment, how financing a note deal is different, and who are some of the team members you need when diving into this space.
Scott shares some resources that cost money and others that are free for you to start using to locate distressed apartment notes in today's chaotic rate and commercial markets.
Scott shares why using LinkedIn, Cred-iq, Crexi, Bauer Financial, and the quarterly MBA servicing report are some of the best ways to find deals while other investors are just left searching for opportunities.
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Rural Low Balance Assets: Realistic Expectations on Pricing
If you're feeling frustrated with unrealistic pricing expectations and struggling to find good deals, then you are not alone! It's time to cut through the smoke and mirrors and get realistic about what makes a good note investment. Let's dive into the tail end of the tape and uncover the truth about pricing strategies and why it seems that some note sellers are smoking crack when it comes to the pricing (and valuation) of the tail end of the tape or leftovers of assets.
In this episode, you will be able to:
Master the art of negotiating realistic pricing for distressed assets to maximize returns.
Learn effective strategies for dealing with low-balance notes to optimize your note investing portfolio.
Gain insights into thorough due diligence in real estate investing for making informed investment decisions.
Discover how to evaluate rural property investments wisely, unlocking potential opportunities in the real estate market.
Uncover industry insights and strategies for note investing to enhance your investment approach.
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Book a call with Scott HERE!
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Scott Carson sits down with Crystal Hammond from the Stacking Deeds Podcast to share her investing journey. She describes how she transforms empty lots on the south side of Chicago by building fourplexes and creating affordable housing. Crystal also talks about her first piece of property, how she deals with complicated tax regulations, and her long-term strategies to turn the game around in favor of homeowners instead of big-time investors.
Watch the original video HERE!
Adapting Your Strategy for Changing Real Estate Invest Markets: Pivoting Your ApproachHave you ever heard these myths about real estate investing success? Myth 1: Success comes easily without putting in the work. Myth 2: You can achieve success without consistent effort. Myth 3: It's possible to find success quickly without making any offers. I'll share the truth behind these myths, but let's unravel the real strategy together. Stay tuned!
In this episode, you will be able to:
· Understand what it takes to Master investing strategies for long-term success.
· Build wealth through consistent and strategic efforts in real estate investing.
· Manage your time effectively to maximize business growth in real estate.
· Cultivate self-awareness to make informed decisions and thrive in real estate investing.
· Dedicate yourself to mastering the fundamental principles of real estate investment for sustainable success.
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Book a call with Scott HERE!
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Are you tired of trying to squeeze more hours out of your day? Do you feel like there is always stuff that needs to get done in your business or side hustle but you can't do it all yourself? Then you need to look at hiring a virtual assistant who can help you get out of the weeds and into profitability as an entrepreneur.
That's why we are excited to have this special Real Estate Virtual Assistant Masterclass with the founder of REVA Global, Bob Lachance, and Preston Strada. For years, Bob and his team of VA's have been helping investors and entrepreneurs get more things done exponentially without the high overhead of hiring local or full-time staff. Bob and Preston (with the help of Scott Carson) share exactly how their VA's help their businesses from start to finish. They share over 100 different activities that you can have VA's perform to help you get ahead of the crowd, close more deals, and make more money!
Download the free REVA report at http://REVAGlobal.com/notes
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Does this sound familiar? You've been told to just invest in real estate and sit back to watch the money roll in, right? But instead, you're feeling the pain of not getting the results you were promised. Let's change that and get you on the path to informed decision-making.
My special guest on today's episode is Whitney Elkins-Hutton. Whitney is a seasoned real estate investor with a diverse portfolio, having ventured into single-family, multifamily, car washes, and assisted-living properties. With a background in public health, her accidental entry into real estate in 2002 led her to become a highly successful investor. As the director of investor education at passiveinvesting.com, she focuses on multifamily, self-storage, and express car wash private equity, helping everyday investors achieve cash flow, equity growth, and capital preservation. With over two decades of experience, her journey from individual flips to multifamily real estate has provided her with valuable insights into the industry, making her an invaluable resource for those looking to diversify their portfolios and make informed investment decisions.
Order Whitney's Book HERE!
Watch the original video HERE!
Connect with Whitney HERE!
Book a call with Scott HERE!
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Each of us has our own mountain to climb, but it's the journey, the setbacks, and the community we build along the way that truly defines our success. For today’s episode, Scott Carson sits down with the co-host of the #1 finance podcast, Stacking Benjamins, Joe Saul-Sehy. They talk about Joe’s journey, the financial mistakes he has had to overcome, what drives him, and how we all have our mountains to climb. From the importance of surrounding yourself with good people to the power of setting clear goals, Joe discusses how these principles have shaped his journey and contributed to his success. Learn about the importance of finding your "who" – the right people and resources to support you on your journey. Tune in now!
Want to talk to Scott? Book a call with himHERE.
Watch the original episode video HERE!
About Joe Saul-Sehy: Joe is the creator and co-host of the Stacking Benjamins podcast and co-author of STACKED: Your Super-Serious Guide To Modern Money Management. Current board member at large of The Plutus Foundation. Former board president and Board Member of Partnership For The Pathway. While Joe’s “money expert story” includes being a former financial advisor (16 years) and representing American Express and Ameriprise in the media, his real story is how he was a money disaster in his early life, pulled his financial house into order, and left his business at age 40 to pursue an entirely different path. Joe was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. His advice has appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers. He’s also appeared online in more than 200 different places, including CNBC.com and WSJ.com. The Stacking Benjamins Show was called the “Best Personal Finance Podcast” by Kiplinger. Lifehacker listed the show as one of the top 10 of 2021. Joe and the SB team have won five Plutus Awards and the Academy of Podcasters “Best Business Podcast” award (beating well-known shows like The Tim Ferriss Show, How I Built This, and Gimlet’s StartUp). The Stacking Benjamins Show is created in Joe’s mom’s basement in Texarkana, Texas, where Joe lives with his spouse Cheryl and their cat Cooper.
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Most note investors don't start out investing in notes. Most of the time they start out trying different types of real estate investing until they get frustrated or tied and look for something that gives them the benefit of cash flow without having to be in charge of toilets, tenants, or trashouts. This is even true for Canadian real estate investors looking to invest in the United States and take advantage of our favorable investing and banking laws. Cal Ewing is one of those Candadian investors who is looking to build long term wealth and a better life for himself and his family.
Scott Carson sits down with Cal to discuss how he got started as a real estate investor his journey to becoming a note investor and why he likes notes when compared to other real estate investing strategies.
Watch the original video HERE!
Connect with Cal at http://CalEwing.com
Cal Ewing was born and raised on a cattle ranch situated on the foothills of the Rocky Mountains in Alberta, Canada but his real estate journey has taken him far beyond his roots. Since his days as a university student in 2009, he has been passionately investing in U.S. real estate, with his first deal taking place in Las Vegas, Nevada amidst the real estate market crash and wave of foreclosures that hit Las Vegas especially hard.
Over the years, Cal's investment strategy has undergone a significant evolution, leading him to explore the realm of performing and non-performing mortgage notes on residential properties across the United States. During our podcast, Cal will delve into the reasons behind his affinity for note investing, choosing it over conventional approaches like owning rental properties, wholesaling, or flipping houses.
Cal's extensive experience encompasses various aspects of real estate, including tax deed investing, foreclosure excess proceeds recovery, fix and flips, long-term rentals, wholesaling, "wholetailing," buying subject-to, and owner financing. This wealth of knowledge and experience has shaped him into a well-rounded and informed real estate investor.
As a Canadian investing in U.S. real estate from his home country for the past 14 years, Cal offers a unique perspective on cross-border real estate investment and the associated challenges. He has firsthand experience navigating the complexities of investing in a different country. Moreover, Cal has weathered the storms—both metaphorical and literal—as a real estate investor. When Hurricane Harvey struck, two of his Houston properties fell victim to flooding, leading to devastating losses. Instead of succumbing to defeat, Cal transformed adversity into resilience, emerging as a stronger investor and discovering valuable lessons about perseverance.
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How do you evaluate a tape of nonperforming notes to find the deals? How do you calculate the potential profits on a nonperforming note deal and decide which one to move forward with? Scott Carson will show you the way.
In this episode taken from a current Money Monday Coaching Call, Scott Carson breaks down three nonperforming notes (one in TX, IN, and FL) by evaluating the tape, equity, and potential exit strategy (and potential profit margins) by going through the upfront due diligence. Scott looks at values, occupancy, taxes owed, and shares what he finds by doing a little social sleuthing on the borrowers to identify which of these three deals is worth pursuing.
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If you are struggling to keep your home and stay out of foreclosure then there is one book that you want to read immediately that shares the 12 steps to avoid losing your home to foreclosure, how to beat the bank, and turn your home into an asset! That book is the Foreclosure Fix by DJ Olojo!
DJ shares his journey into real estate and note investing and why he has a passion for working with distressed homeowners to help them turn their life around and keep the dream of home ownership. DJ also discusses why he likes investing in both real estate and notes and how he was able to create financial independence for himself and his family.
Pick up your copy of the Foreclosure Fix today at http://theforeclosurefix.com!
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We all start out the same as note investors....wet behind the ears and trying to figure out this niche of note investing. We are all going to mistakes in making our first few bids, performing upfront due diligence, and working to find funding. It's okay to make mistakes as note investors are made and not born. There is nothing more frustrating as a new note investor than to get blasted by an angry and abusive note trader or seller. The idea is to brush it off and keep making offers.
In this episode, Scott Carson discusses why note sellers and note traders who have an attitude toward new note buyers need to check their ego and work to nurture new note investors instead of being an asshole. Scott shares why its important as a new note investor to not be afraid and be open that you made a mistake and that no one is perfect. He also shares why note sellers and traders need note investors and buyers more than we need them because there are other sources. People don't need to take the abuse to find deals. Just correct your mistakes on the next offering and move on to the next deal.
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Your books and accounting have a rhythm to it that dramatically affects the taxes you pay. There are things you can and shouldn't do to change the beat of the drum when it comes to what you claim or write off on your taxes. In this episode, Scott Carson talks with CPA and tax strategist, Ronnie Goode, about how he helps business owners and entrepreneurs with the "rhythm" of their numbers.
Ronnie Goode is a Certified Public Accountant (CPA) and Tax Strategist who serves clients virtually all across the world. Through his company, Rhythm Accounting, he helps business owners, real estate investors, and high-income individuals use the tax code to build wealth! He received his B.S. in Accounting from Shaw University and his MBA from Southern Illinois University Carbondale. Ronnie’s training and experience came from working for one of the largest accounting firms in the world, a Fortune 500 corporation, and the Federal government. He’s able to utilize this diverse experience to better serve entrepreneurs, business owners and real estate investors. Ronnie’s ultimate goal is to help people become financially independent by saving money on taxes while building wealth.
Connect with Ronnie HERE!
Watch the original episode HERE!
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Is note investing the right strategy for you in 2024? What have you done in the past? What are your long-term goals? How much time and money do you have to put to this niche strategy? These are just some of the questions that you need to ask yourself when you start considering the niche of note investing as your preferred real estate strategy for 2024!
Scott Carson shares the different answers to these common questions that he asks potential new note investors when they reach out to pick his brain on diving into the "sexy side of real estate" and why your answers will determine if notes are the right or wrong niche for you.
Watch the original video HERE!
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Sign up for the next Note Buying Workshop HERE!
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The most important thing you can do as a new note investor is to start making offers. You've learned how to find note deals. You've learned how to fund them and you've learned what should be in your buy box. So now it's time to pull the trigger and start making offers! Don't be an educated idiot and not take action. The only way you will learn more is by applying what you've learned. In week four of the Implementation Coaching, Scott shares why this is the most important thing to do to find success. Make offers and keep making offers.
Book a call with Scott HERE!
Watch the original video HERE!
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Once you've gotten through the finding of deals and raising capital coaching calls that we cover in Week 1 and Week 2, then you need to know what you are looking to buy. Knowing the type of assets that fit into your buy box, along with understanding what assets or notes to remove from the spreadsheets so that you aren't wasting your time or money.
Scott shares why you want to focus just on the deals instead of the duds that make sense for your markets or long-term goals. He also breaks down and defines what deals are worth making offers on and diving deeper into the due diligence of note investing. If you've ever looked at a tape of notes and thought "what the heck am I looking at" or "where do I start" then this is the episode for you!
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One of the best ways to get started as a real estate and note investor for small investors is to check out tax liens. Tax liens can be an awesome way to get your feet wet as a real estate investor where you end up making a great return or end up with the property depending on the state and situation. In this episode, Scott Carson talks with tax lien expert Cynthia Spirlin about her career and passion for tax lien investing.
Watch the original video HERE!
Connect with Cynthia HERE!
Cynthia Spirlin has worked in the real estate industry for 20 years, gaining experience in drafting contracts, negotiating short sales, and buying pre-foreclosure properties. As a seasoned investor, she is passionate about helping women create wealth through real estate. As a single parent, she understands the need to provide for today and the desire to leave a legacy. After the real estate tsunami of 2009, she helped hundreds of homeowners save their homes from foreclosure and settled over $1 million in debt. She has a unique perception as an investor with a keen eye for loss mitigation, which led her to pursue tax liens and deeds. Cynthia is a sought-after guest for podcasts and investment clubs. She wants everyone to know about property tax sales investing because it is very accessible to everyone, regardless of credit or cash reserves. So she started Tax Lien Mastermind. Outside of investing and teaching, Cynthia enjoys golf, pilates, and meditation.
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What do credit cards, the MLS, the NYSE, and QR codes have in common? Ron Klein! Ron is an investor and innovator who has had his hand in solving problems for some of the largest industries out there. In this episode, Scott Carson interviews Ron about his journey as an entrepreneur, how he finds solutions for business owners and entrepreneurs, and the secret to his decades of success.
Connect with Ron at https://thegrandfatherofpossibilities.com/
Call Ron at (941)374-5739
Watch the original video HERE!
Ron Klein is an ordinary man who accomplishes extraordinary things. He is a PROBLEM SOLVER. Every solution has resulted in monumental change, either in a new invention or a simple solution. His innovative ideas have changed the world. He is the inventor of the Magnetic Strip on the Credit Card, Credit Card Validity Checking System, and the developer of computerized systems for Real Estate (MLS) Multiple Listing Services, Voice Response for the Banking Industry, and BOND Quotation and Trade Information for the New York Stock Exchange.
Ron‘s latest patent is for a device that enables a visually impaired person the ability to identify an item when in physical range of that item. It utilizes a smartphone and specially coded adhesive labels. Visit www.EnvisionEli.com for additional information and to download the free app.
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Scott Carson talks with Chris Prefontaine from Smart Real Estate Coach about how real estate investors can capitalize on the current market conditions by leveraging subject-to-deals, lease options, owner financing, and other creative financing strategies. Chris and Scott share how you can target expired listings, FSBOs', withdrawn listings, preforeclosures, and lists of nonperforming notes to find amazing deals.
Take advantage of the FREE in=person class offered by Chris and his team at http://smartrealestatecoach.com/free-summit-ticket
Sign up for the ultimate Quick Leap System Training at http://SmartRealEstateCoach.com/qls-elite with code carson2 to get the special offering price of $297.
Watch the original video HERE!
Connect with Chris and his team HERE!
Book a call with Scott HERE!
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Are you looking to take your note business to a new level but don't know where to begin? Then you'll want to join Scott Carson during his 4-Week Note Coaching Implementation Training Calls in January to help you Find, Fund, and Flip more deals.
In Week 2, Scott shares what you need to put into place to attract and retain private investors. Scott shares why you need to create some digital assets and implement some marketing tools to stand out from the crowd. He shares why having an executive summary, pitch deck, and updated website are some of the key assets that help share your story while educating investors about your business. Scott also shares why you want to start using a CRM like Keap.com, text message marketing, and other tools to help you systematize and automate your investor communication. He breaks down several effective websites of his students and goes through the step-by-step approach to talking with investors once they've reached out to you to find out more information.
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Most real estate investors plan for the day that they can devote 100% of their time to real estate as a full-time investor. Most people will take time to plan out their exit from the workforce and plan to leave once they've replaced their salary. Few quit cold turkey to chase their dreams. But our guest on this episode, Dear Ngo, did just that in six months from the time that she read Rich Dad Poor Dad. Dear shares her journey as a newbie real estate investor and what drove her to dive into the deep end.
Dear is the Founder of Remray Equity, and is a syndicator out of Southern California, investing out of state. She primarily has focused on multifamily but is placing a large focus on her strategy to MHP and RV parks for 2024. She quit her job at the end of 2022 to pursue real estate investing full-time and has since been involved as a passive and active investor with 1000+ doors in multifamily. Before becoming a full-time investor, she worked two decades in tech as a software engineer and managing cross-functional teams and has a degree in computer science. When not discussing real estate, she loves to adventure travel and travel hack (a.k.a travel for free!).
Connect with Dear HERE!
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Are you looking to take your note business to a new level but don't know where to begin? Then you'll want to join Scott Carson during his 4-Week Note Coaching Implementation Training Calls in January to help you Find, Fund, and Flip more deals.
In Week 1, Scott shares how to use and leverage LinkedIn to find the right contacts at banks and lending institutions. He also shares how to find loan servicing companies and why you want to contact business development officers for loan tapes. Scott also shares how to leverage loan trading platforms to find note sellers and how by contacting the note sellers individually can lead to amazing deal flow that 95% of people won't find.
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Is the great migration boom over? Some people would say yes while others will say no. It all depends on where you are living and what's going on in your life. But the number of people changing location is down to the lowest in 18 months.
We decided to dive a little deeper into the article written by Redfin's Dana Anderson that shares the Top 10 Markets of where people are moving to and where they are leaving. Some of the markets might surprise you while others make sense. Scott shares why it's important to monitor these trends especially if you own real estate or investment properties in these different locations.
Check out the full article at https://snip.ly/eagmcc
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Did you know that your money, or the accounting behind your money, tells a story? On today's episode, Scott Carson sits down with accounting and money expert, Katherine Pomerantz, about how she helps entrepreneurs and investors organize their finances and bookkeeping to help them tell and achieve their desired money stories.
Katherine, the actress turned accountant, has capitalized on her artistic background to create the Money Storyteller MethodTM - a mindset and accounting framework that helps business owners scale businesses without mess or overwork. She firmly believes every creative idea can change the world if given the right financial support and opportunity. She leads an accounting firm & financial education company, and her expertise has been featured by VICE Media, Discover Card, The Penny Hoarder, and the Stacking Benjamins Podcast. She loves yoga, walking dogs, and throwing rad birthday parties.
Connect with Katherine HERE!
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Talking with a potential private investor to fund your deal can be one of the most intimidating tasks as a new real estate investor. You've done all of the work to have a potential investor reach out to you to show their interest in your deal, but you are too scared to pick up the phone and give them a call. Sound familiar?
In this episode, Scott shares how to overcome the fear and self-doubt that we all face when it comes to calling investors for the first time. He shares some of the things to keep in mind to overcome those mental blocks and why this is the most important (and often avoided) task that we investors need to keep high on our list of priorities. The good thing is that this gets easier the more often you do it, but overcoming your limited beliefs (and lack of experience) can keep you from leaping to the next level of investing.
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We are all in search of finding our happy place in life along with finding our true calling. And once you find happiness, we often want to help others around us (and less fortunate) find their way to their zone of genius or awesomeness.
David Delisle, founder of The Awesome Stuff™, is an Amazon bestselling author, entrepreneur, real estate investor, speaker, and most importantly, Dad. He is a contributor to Entrepreneur, Yahoo! News, GoBankingRates, Money Club and more. David teaches kids (and adults) how to live a richer life and create the freedom for what is most important to them… the Awesome Stuff™.
His book, a graphic novel called The Golden Quest, offers us a new way to think about money by noticing the weight of our words, choices, actions, and the world around us.
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Are you finding that you are struggling to get everything done in a day? Do you find yourself overwhelmed as an entrepreneur and don't know where to turn or what to delegate? Then you'll love this episode where Scott sits down with Mike Abramowitz from the Better Than Rich show to share his tactics for finding success and growing your business.
Mike Abramowitz has 20 years of direct sales experience training 5000+ sales reps for $17M sold, has 9 books in the self-help space, and founded PB&J for Tampa Bay. He has scaled his several-figure businesses and nonprofits to be run without him so he can experience the freedom that he desires.
He’s a busy father and husband who helps other busy entrepreneurs implement systems in their businesses by leveraging automation and delegation to help business operators become business owners and truly experience the financial and time freedom that drew them to entrepreneurship in the first place.
He has a podcast called The Better Than Rich Show and a community called Automate, Delegate, Systemize.
Connect with Mike HERE!
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Are you looking to take your business to the next level? Are you struggling to find the right roadmap to success? Then this is the episode for you! Scott talks with Dr. Amanda Barrientez who is known as the "Mindset Healer" about some of the obstacles that face entrepreneurs and what actions do we need to start taking to find that hidden road to the success that we all deserve.
Dr. Amanda Barrientez, known as "The Mindset Healer" and Manifestation Ninja for Entrepreneurs, is the founder of Inner Power Daily™, an international best-selling author, and the host of the top 2% globally rated podcast called, Inner Power Entrepreneur. After going from food stamps to building a 6-figure business fast, it’s become her superpower to teach entrepreneurs science-based Law of Attraction strategies to reprogram their energy, mindset, and business growth habits, so they can get what they want in life and business!
Check out Dr. Amanda's 7-Day Free Trial - Law of Attractions Morning Routine!
Or her Rapid Biz Growth Roadmap HERE!
Watch the original video HERE!
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We all want to create more wealth without having to pay Uncle Sam a lion's share in taxes. That's why Scott Carson brought on Patrick Thomas Lonergan for this episode to share some of his strategies for doing both.
Patrick Lonergan owns Vital Strategies, and they work with entrepreneurs who make over $1,000,000 that have a tax problem. Patrick has been an entrepreneur and real estate investor for over 20 years. Currently with ownership in projects worth over $120 Million. He has built Vital Strategies to deliver tremendous value to entrepreneurs by creating tax and financial strategies to help them pay less tax, build more wealth and have a focus on living a great life.
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Real estate investors are always looking for funding sources, especially if you are a brand new investor. There are multiple ways for you to find and market for private investors to fund your different deals if you are willing to put a little bit of elbow grease behind your real estate investing business.
In this episode, Scott Carson shares the Top 20 Ways to Find Funds that he has used to raise millions in private capital over his 20 years as a real estate investor. No matter your experience level, you'll find a strategy or marketing tool to help you raise more capital at cheaper prices below hard money lenders. Scott shares how he uses different social media platforms and what digital tools he uses to spread his message on deals and funding opportunities. Tune in and take notes to find out how to take the guesswork out of raising private capital for your deals.
You can also grab a discounted ticket to the upcoming Note Buying for Dummies workshop by using the code NNA at http://notebuyingfordummies.com to get 50% off!
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Short-term Rentals (STRs) are all the rage right now but they do come with their share of hurdles if you aren't careful. In this episode, Scott Carson talks with real estate investor and STR expert Lauren Keen Aumond about her strategies for success in this popular niche of real estate.
Lauren Keen Aumond is a short-term rental host and landlord on the West Coast of Florida. She used real estate to leave her 9-5 at age 33 and teaches others how to do the same at House Money Media podcast. She has acquired a variety of rentals using several strategies and shares why she is a bigger fan of STRs versus normal rental properties.
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Watch the original Video HERE!
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You must introduce your kids to finance books at an early age. But it is quite a struggle to find the right book that won’t leave you and your kids baffled. Today, paving the gateway to simplifying investing for your child is Maya Corbic, the author of From Piggy Banks to Stock: The Ultimate Guide for a Young Investor. Maya brings her insights into how she financially educates children and the mistakes most people make when starting to invest. She also shares some tips for people to start doing today to make their New Year’s resolution come to fruition. See how Maya simplifies financial education that a ten-year-old could understand, and learn how to lead your kids toward financial independence. Tune in to this episode today!
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Buying or selling a business requires an entirely new game. You are not just dealing with one thing; you are dealing with an entire entity—processes, systems, warts, and all. That is why you need a pro who can help you through the process, making sure that you know what to expect and how to take those transactions to your desired goal. Scott Carson sits down with business broker and advisor, David Barnett. With over 20 years of experience, David shares his insights into the world of buying and selling businesses. He discusses some of the mistakes that new business buyers make, hurdles to avoid, financing options, and other items important to long-term success. Tune in now to gain invaluable insights into the intricate world of buying and selling businesses.
Want to talk to Scott? Book a call with himHERE.
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So many of us are looking for passive income. That's the thing that really unites us all. We're looking for passive income to leave our jobs, have a better life, or retire as early as we want to. But that’s not something that can be achieved by having a job. No matter how high your salary is, you will never be paid your full value and chances are you’ll be stuck working for other people. And that’s if your job isn’t taken away by someone (or something) else. This is something that today’s guest has hacked for himself. Dustin Heiner is an expert and investor who quit his job at 37 years old after having achieved financial freedom by building passive income through real estate investing. Tune in and learn why an outcome like his is not an impossible dream but an opportunity within arm’s reach.
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The thought of retirement can be a scary subject for those who haven't taken the time to plan appropriately. Most people think that the idea of retirement might be out of the picture. But with some careful foresight and planning, you may be closer to retirement than you might think. That's what Dave Zaegel is all about. Dave is a retirement planner focused on minimizing taxes and maximizing income in retirement. He is a CPA and CFP certificate holder and he has a passion for working with individuals to help them to the retirement finish line. Scott and Dave discuss some of the most overlooked mistakes and things that people make when it comes to planning for retirement and how you can avoid those pitfalls with some guidance and planning ahead of time.
Connect with Dave HERE!
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I only wish that more real estate agents understood the power of note investing. That's why when I find one who understands the power of paper, I'm excited to get them on the show. Today's episode is one of those examples. Matt Teifke has been a Texas real estate agent and investor for years with a focus in Austin and Corpus Christi (Scott's home area). They discuss Matt's new-found love of notes, where the market is headed, and what makes Matt's mindset and approach different from other agents.
Connect with Matt HERE!
Matt Teifke, with his partner Alex Coffman, are the dynamic duo behind TRE, an innovative and enTREpreneurial brokerage that took root in 2020. Fueled by their passion for real estate, Matt and Alex have embarked on a remarkable journey, becoming formidable players in the Central Texas area.
Pooling their expertise and vision, Matt and Alex have amassed an impressive portfolio, with over 100 units encompassing an eclectic mix of single-family properties, small multifamily dwellings, mobile home parks, and various other asset types. Their dedication to creating lasting financial freedom through real estate has been the driving force behind their success.
In addition to their brokerage, these visionary entrepreneurs established The enTREpreneur™ Community, an exclusive community for real estate enthusiasts and enTREpreneurs seeking to secure their financial future. This elite group shares a common mission: to unlock the boundless potential of real estate and pave the way to true independence.
With a focus on empowerment, Matt and Alex aspire to spread the liberating essence of being a real enTREpreneur™. Their commitment to the community is evident through the wealth of valuable content they curate across various social media platforms. They tirelessly disseminate knowledge, making real estate opportunities accessible to anyone with the desire to learn and grow.
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Where Do You Find Notes?
I was looking back at our catalog of content and realized that I haven't shared the top ways that we find note deals in some time. So I pulled out my presentation from the 20 Day Note Challenge we hosted two years ago and updated it for 2023!
That's right! I'm sharing the Top 20 Ways To Find Notes ! Some sources will sound familiar and some will definitely be new for a lot of people (especially if you don't market on a regular basis). We'll share a few platforms, some outside-the-box ways, and our tried and true proven ways we've harvested note deals for over 16 years, come rain or shine!
There are other ways to find notes, but I wanted to make sure and share the best ways that we and our students have been harvesting performing, reperforming, and nonperforming notes since I started back in 2007 (and no, we don't spend time on costly and low-converting direct mail leads).
Watch the original video HERE!
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Are you looking to buy your first performing or nonperforming note? You'll want to keep these things in mind as a new note buyer when buying your first note to avoid making mistakes as a new investor.
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Can you buy your own mortgage from your lender? This is one of the #1 questions asked by new note investors. And while the answer all depends on who your lender is and if you are current or behind, Scott Carson shares when this option might actually be an option for you.
While it might be rare, there are some situations where the Note Guy has been able to help his students purchase their mortgage at a discount on their own residential or commercial mortgage without the bank catching wind of the borrower or borrower's family being behind the transaction. Scott shares what you need to look for or what situations work if this is something that interests you.
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LinkedIn isn't just a network; it's a launchpad for building meaningful connections that fuel business growth. In this episode, Scott Carson joins Clifton Corbin, Wendie Veloz, Flint Jamison, and David Barnett to discuss how each person is using LinkedIn in their businesses. Together, they discuss how to build your network and nurture genuine connections on this platform, where quality is the name of the game. They touch on several critical points of LinkedIn, such as maximizing your LinkedIn presence without falling into the trap of automation. Throughout the episode, these LinkedIn aficionados share their favorite tools, strategies, and proven pro tips to harness the full potential of this dynamic platform. Tune in and learn how to leverage LinkedIn as your trusted companion.
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It's hard to believe that we've reached the 800th episode of the Note Closers Show. We've learned a ton over the six-plus years of producing the #1 podcast for note investors. This episode is dedicated to our fans, sponsors, staff, Stephanie, past guests, hosts who have had Scott on their shows, and the amazing individuals, events, and people along the way!
Thank you for listening and we'll keep cranking out episodes as long as you keep listening!
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Why is it that we struggle to get things done by ourselves when if we expanded our outreach and collaborated with others we would find success (and greater profits) faster? In this episode of the Note Closers Show, Scott Carson shares why we need to learn to collaborate more as real estate entrepreneurs to help us solve the problems that we face in our lives and business owners. He also discusses why he attends different marketing and content creation events like FinCon to help him find partners and other experts to help him expand his horizon and expertise. It's often now about the who (you) and more about the how (who or what tool can I use) to get more done!
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As someone who values financial growth and success, I wanted to personally extend an exclusive offer to you - a free ticket to the Magnify Your Wealth Summit!
I've been collaborating closely with Aaron Young, the CEO of Laughlin Associates and the visionary behind the Magnify Your Wealth Summit, for several years now. This event has consistently delivered exceptional value to entrepreneurs, business owners, and investors alike.
Here's what you can expect at this year's summit:
The summit is scheduled for November 4-6th in the vibrant city of Orlando, Florida, hosted at the prestigious Rosen Centre.
To sweeten the deal, I've secured 15 complimentary tickets exclusively for our community. Simply use the code NOTES at checkout. But act fast, as this code expires this Sunday.
Secure your ticket now at the Magnify Your Wealth Website. Don't miss out on this golden opportunity to supercharge your financial journey.
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What are surplus funds when it comes to tax sales and foreclosures? How does this happen and why is it important to know when you are investing in notes and real estate?
In this episode, Scott Carson shares how to leverage foreclosures on both sides of the ball to maximize profits. Scott also shares why it is important to follow up with the county tax association to see if there is any tax or foreclosure overage sitting out there that you can claim if you hold the first lien.
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It seems that everyone is asking "When is the sky going to fall? Where is the wave of foreclosures that we were promised at?"
Well, I'm here to tell you that there isn't going to be a wave of foreclosures! The markets are different this time around and instead of a huge number of people being foreclosed on, you are going to see most of those distressed borrowers and property owners having their lenders sell off their loans to note buyers and note funds at a discount and time frame that will make your head spin. And if you aren't prepared for this debt sell-off or buying rush, then you are behind the eight ball!
Scott Carson shares how this market is different and why you won't see huge amounts of foreclosures and why it will pay to be the bank.
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Have you seen the current movie Dumb Money which shares the story about how regular Main street investors took it to the big Wall Street hedge fund managers over the Game Stop stock a few years ago?
Well, ordinary investors like you and me have been getting the short stick from institutional investors for years, but if you are a note investor, you can tell Wall Street to go F themselves as you can accomplish double-digit returns if you focus on your own real estate and note investor portfolio. You hold the power in your own hands in today's world! Scott Carson shares why he believes that everyone has the right to make above-average returns as real estate investors in today's chaotic real estate and investing market.
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Do you need a lot of money or investment funds to get started as a note investor? The answer is no! You can often find quite a few profitable note deals for amounts under $25K if you know where to look. Scott shares one such deal that two of his coaching students have under contract for just $7,500. Scott shares the strategies and potential profits depending on which way the deal flows and how you too can get started investing in notes with small amounts.
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Does this sound familiar? You've been told that climbing the corporate ladder is the only path to success, but deep down, you yearn for something more. However, despite your hard work and dedication, you're still feeling unfulfilled and stuck in a never-ending cycle. The pain of tirelessly chasing promotions and raises, only to find yourself longing for something different, is all too real. It's time to break free from this ineffective action and discover the liberating world of creative real estate, where you can finally find true fulfillment and financial freedom.
In this episode, you will be able to:
My special guest is Brian O'Neill
Meet Brian O'Neill, a once corporate sales professional who took an unexpected journey into creative real estate. Past the age of 40, Brian realized that the corporate ladder was not for him and decided to take control and write his own narrative. With a steadfast dedication to change the trajectory of his life, Brian left his W2 job and plunged headfirst into real estate. Now, three years later, Brian is not only the owner of a thriving real estate business but also a beloved host of the W2 Prison Break Show.
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Most new real estate investors find it difficult when it comes to raising capital from prospective investors. But if you have a process and can follow up (unlike most people), you're very likely to raise capital for your real estate deals.What do I say or ask them so I don't look like an idiot? The answer to that question is pretty easy if are coachable and understand that it's more about following a proven process and asking questions along the way.That's why on this episode we'll be sharing our 4-Step Approach to Raising Capital. We'll share our timeline, follow-up process, and what you need to focus on to keep moving the proverbial funding ball down the field to funding success.Book a call with Scott HERE!
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Most new real estate investors find it intimidating to talk with prospective investors to raise capital for their note or other real estate deals. What do I say or ask them so I don't look like an idiot? The answer to that question is pretty easy if are coachable and understand that it's more about asking questions an listening to the answers than looking like you know everything.
But unfortunately, if you are new to this side of business it can feel very uncomfortable the first couple of times you end up talking to a funding partner. So that's why we decided to share our version of 20 Questions For Prospective Investors to help you take the guesswork out of your prospecting.
20 questions to ask a prospective investor in the 1st and 2nd calls as you build trust and relationship.
1. Have you invested in (insert what it is your proposing / real estate, oil/gas, etc.) before?
a. How did that turn out for you?
2. When you invest, what are you looking for? Appreciation, income, tax benefits?
3. What's your time horizon? Are you comfortable with an investment of 3 to 5 years?
4. What has made the biggest difference amongst your most successful investments?
5. Tell me about some of your most successful investments?
6. What is your top concern?
7. If you could own this in your IRA/ qualified plan, would you invest?
8. Who are you connected to that we should meet? (Typically asked after they invest - get referrals)
· 9. What is the typical size/ amount of the investments you make?
10. How diversified do you think your investment portfolio is?
11. Are you looking for less volatility in your investments? Would you want something that has more predictability to it?
12. Can we do anything to improve our presentation/ pitch deck? (Inquire after they invest - get feedback)
13. How does this fit within your other investments?
14. What other investments do you have?
15. How important is liquidity to you?
16. What value might you add to my business other than an investment? (Can they contribute expertise in any way)
17. How important are the "tax benefits" of an investment? Would you be interested in an investment that can reduce your taxes?
18. Do you rely on anyone else in analyzing and/or reviewing investments? (CPA, financial planner, attorney, or other) Volunteer to send materials to that other person as well.
19. Are you looking for income at this stage in life? (Ask this if your proposed investment will generate income for someone)
20. What is your tolerance to risk in the investments you make?
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One of the top questions that I get from real estate investors is "How do you find distressed apartment loans?" The answer is pretty easy if you know where to look but you have to understand that just because you are buying the debt doesn't mean you are going to end up with the property and the cashflow.
Finding the distressed deals is the first part and we use a couple of sources to find a list of banks or servicers with distressed debt. Bauer Financial, Cred-iq, and the MBA's bi-annual report on the Commercial/Multifamily Servicer Rankings. Check out the link for those resources below:
Bauer Financial
Cred-iq
MBA Servicer Ranking
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There are plenty of nuances to note investing that make it a completely different asset class from traditional fix and flipping or land-lording. The only way to truly learn these differences is by taking the time to take a class and learn from someone more experienced. Trying to piece together a plan and all of the steps on note investing from YouTube or podcasts are great, but can dramatically extend your learning curve.
That's why in this episode Scott highlights the need to invest in yourself and future investors by taking the time to learn the art of note investing. He shares why classes are important to help you avoid shooting yourself in the foot by making costly mistakes that could have been avoided if you took the time to learn.
Scott also discusses the Lazy Assets Investing option and his drive to help 100 new note investors close on their first deal before 2024 arrives!
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So you've had your bid on a note accepted! Congratulations! Now you start performing due diligence and find out the deal is more of a dud. What do you do to cancel your bid without ending up with egg on your face and saving the relationship? In this episode, Scott Carson breaks down the best ways to cancel your bids without getting black-listed.
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One of the most stressful situations to be in is when you find it difficult to pay your mortgage on time. Financial hiccups happen to everyone at some point and with the current economic situation, more and more homeowners are struggling to pay their mortgage payments on time. What options do you have as a borrower? What should you do and not do when you find yourself unable to make your monthly payment?
Scott Carson shares the different options that are available to you as a borrower and discusses what actions you need to take immediately to ensure that you achieve the best possible outcome depending on your situation. Communication is key and knowing what all options are available to you is important.
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You never know who is listening or watching your content. Everyone is a buyer, seller, or funding source and video has played a HUGE roll in all three phases of our note business. Scott Carson shares how one video of a property walk-through led to a friendship and a million-dollar source of notes and deals over the past decade. Scott shares why sharing your videos of your property and deals is the #1 thing you can do to grow your network, sources, and funding partners.
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Are you a real estate investor who is using the power of paper and notes to achieve amazing returns? Are you a new investor who has closed on their first note deal and want to share your story? If so, we want to hear from you!
The Note Closers Show is celebrating our six-year anniversary and we want to feature some movers & shakers in the note industry with our amazing audience. If you are a new or seasoned investor who has purchased, flipped, or financed your first note deal (performing, nonperforming, subject to deal, wrap, etc) then we would love to feature you on an episode of the Note Closers Show. We'll have you break down the deal, how you found it, and how the deal turned out!
If you are interested, shoot me an email or book a time on my calendar at https://talkwithscottcarson.com and let's share your story and how you are Lien Lord!
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Is your lack of activity causing your business to fail? What are you doing on a daily, weekly, and monthly basis to move the needle in your deal flow and capital raising? In this episode taken from the WCN Membership Money Monday Coaching Calls, Scott Carson breaks down how he grades his and his student's activity with his Social Media Survey. If you'll listen to what Scott shares, you will find out if you failing at business or making straight A's as a note and real estate investor.
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So your borrower calls your servicing company and wants to see about modifying their loan to a lower payment, interest rate, or balance. Do you have to do it? Or can you flat-out say no? Or is there a possible alternative?
We discuss these different questions on this episode of the Note Closers Show. Scott Carson shares this recent question from a student and gives his insight into what you should or shouldn't do when it comes to modifying your borrower depending on the situation.
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What do you do when you get a list of notes in from a potential seller? Make sure that they are truly the seller of the notes and that you aren't part of a daisy chain! Scott Carson discusses what it means to be in a daisy chain and why you want to avoid these types of transactions. He shares how he finds the true seller of the notes and why it is important to reach out to the seller to identify if the notes are actually for sale so that you aren't wasting your time.
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How do you find large tapes of notes? This is the dream of every note investor out there but only a small percentage will find this NPN pot of gold. Why is it so hard to find? But why is it so worth it? Scott Carson shares his success in receiving two large tapes of nonperforming notes from direct sellers. He shares why follow-up and marketing for note tapes is so much more affordable and valuable versus traditional direct mail marketing and lead generation for other types of real estate investing.
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How do note investors make money buying or investing in performing or nonperforming notes? Scott Carson breaks down the different ways that note investors make money based on the different strategies and asset classes. How are the two different and are there other ways to cash in on the world of note investing?
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There are nine essential skills that note investors must master to achieve success in their endeavors. These skills include:
By mastering these skills, note investors can make informed investment decisions, manage risks effectively, and grow their note investing businesses.
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Real estate investing has long been considered a lucrative avenue for building wealth, but it's not the only game in town. In recent years, note investing has emerged as a viable and advantageous alternative. Notes, also known as mortgage or real estate-backed loans, offer a unique investment opportunity with several distinct advantages over traditional real estate investing. In this article, we'll explore the top 10 advantages of note investing and why it's worth considering as a part of your investment strategy especially given the current market conditions.
In conclusion, note investing offers a compelling alternative to traditional real estate investing, providing numerous advantages such as diversification, passive income, reduced risk, and greater flexibility. With lower capital requirements, enhanced cash flow, and the potential for higher returns, note investing has gained traction as a viable investment strategy. As you consider your investment options, it's worth exploring the world of note investing and tapping into its unique benefits.
For more information check out WeCloseNotes.com or book a call with Scott Carson at http://TalkWithScottCarson.com.
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How much private money is in your network? How and what do you have to do to access the potential private money that your friends, families, and contacts have? In this episode, Scott Carson shares his Private Money Formula and how you can calculate the minimum amount of private money that you can tap into IF (and that's a BIG IF) you understand that it will take repeat marketing and that each platform (email vs social media) has a different success rate. Scott breaks down why everyone is capable of raising millions of dollars in private capital in the next 90 days if they follow his success formula.
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Scott Carson breaks down what he will be covering during the Note Buying Workshop taking place July 21-23rd in Austin, TX. Get your discounted tickets (75% off) at https://NoteBuyingForDummies.com
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Performing notes that have a ton of equity are often a pretty easy slam-dunk investment for investors looking for regular cash flow and a decent return for the SDIRA. But there are still a few things that you need to watch out for. On this episode, Scott Carson shares a performing note case study in Harrisburg, PA. He shares the numbers, why this might be a deal or a dud, and his thoughts on making an offer that makes sense for the note buyer and not just for the note seller.
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Georgia is one of those states that note investors are often looking to buy notes or deals in due to the fast foreclosure process. But in this episode, Scott Carson breaks down a current note deal that he is working on in Rossville, GA. It's a performing note with a ton of equity but with only a couple of years of payments left. Scott shares the numbers on this deal and why he is only offering 50% of the UPB on this performing note and why it's either a deal or a dud!
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When buying nonperforming notes with equity you have to take a lot of things into consideration before closing. Scott Carson shares one such case study on a nonperforming note is Opa Locka, Florida which has $90K in equity but is just starting on the legal path to foreclosure. Scott shares his insight, numbers, expected exit strategies, and other things to consider if this note is a deal or a dud.
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Texas is a great state to invest in especially with notes if you can find something that makes sense number-wise. Scott Carson discusses this nonperforming note deal in Weatherford Texas with a decent amount of equity and at a price that might make sense for a note investor to buy and then foreclose out the borrower on. Scott breaks down the numbers and insight into his thinking on whether this is a deal or a dud!
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Are you looking for nonperforming notes in Texas? Then this is one case study that you might want to look at. Scott Carson breaks down a 1st lien, nonperforming note deal located in Sugar Land, TX. Scott discusses the numbers and the back story of the borrower along with his potential strategy for making money on this deal.
To learn more about how to invest in notes, check out http://NoteBuyingForDummies.com.
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Who doesn't want to own real estate or notes in Texas, let alone on beautiful Lake Travis? In this episode, Scott Carson breaks down a current note deal that he is working on that just came across his desk located just a few miles from his home. Scott shares the numbers on this deal, information from the current lender, the numbers, and expected exit strategy or workout solution, and why this may be a deal or a dud!
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How do you find vendors and reliable sources for due diligence in markets outside of your own backyard? You learn how to leverage real estate investing clubs and networking groups in other markets! In this episode, Scott Carson shares how he has been leveraging REI Clubs and real estate investing Meetup Groups all across the country to help him find trusted vendors, buyers, and investors!
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We've all heard the latest buzz in the world of marketing about using Artificial Intelligence to help you market your business. But how can a real estate and note investor use this tool effectively to help them find deals, market their business, or raise capital effectively?
We've had those same questions. So in this episode taken from a previous Note Night in America, I'm bringing on a special guest to help us walk through using the newest AI tool, ChatGPT. Our special guest, Larry Roberts, is a long-time content creator who has been using AI and ChatGPT to help other entrepreneurs and content creators market and grow their influence with the help of these amazing tools. We'll spend time talking about how to use this tool effectively in your business, the cost and time savings that it brings, and what items you'll NOT want to use with it. We'll even dive into the software and run some experiments with it to show you how effective (and scary) it can be!
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Scott Carson talks with friend, realtor, and fellow investor Mike Swenson about his journey from accidental landlord to seasoned real estate investor. Mike shares some of the lessons learned along the way, why he became a realtor to help him with investing, and why he is striving to help other realtors become investors as well.
Connect with Mike at http://AgentInvestorMastermind.com
Mike has been in the real estate industry in various forms since he became an accidental landlord back in 2010. Currently he serves as Founder & CEO of Elite Advantage Team, an investor-focused real estate team serving Minnesota. In addition to that, Mike is the host of the REL Freedom Podcast, with a mission to help listeners build Real Estate Leveraged Freedom of their time and finances through opportunities in real estate. He also leads the REL Freedom Investor Agent Tribe, a membership community and mastermind group designed to help real estate agents build and grow their own investment portfolios.
Outside of real estate, Mike is a sports enthusiast (for better or worse following his beloved Minnesota sports teams), and loves spending time with his wife and 3 sons.
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We all start out as new investors confused of where to begin and what to do to make sure we start off on the right path. And that is exactly what this episode is all about as Scott recaps a recent call with a newbie investor who was looking for some advice on where to begin as a new investor.
You can learn a lot from this new investor checklist that Scott goes through to identify opportunities, funding, and how to find an investing niche that you love (and that works in your market). He also discusses who you need to have on your team and how to find a local network of investing professionals to help you along your path to investing success.
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On this episode of the Note Closers Show, Scott Carson discusses investing in second liens and why the market for junior lien investing is not what it was like ten years ago. He discusses some of the most common questions and comments that he gets from students and why you have to be careful about who is giving you advice when it comes to buying second liens. Scott also shares why they are not as popular or nearly as profitable as they once were due to the market conditions changing and why many past second-lien investors have left the space.
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In this episode of the Note Closers Show, Scott Carson shares what you need to do as a note investor when your borrower stops paying on time. He shares why you want to stay on top of your borrowers and your servicing company to make sure that you get your borrower back on time or that you start the foreclosure or eviction process.
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In this episode of the Note Closers Show, Scott Carson breaks down the ten commandments of being a note investor. He discusses why these ten are important to keep in mind to find success.
Never Buy A Note on a Property You Don't Want To end Up Owning
Stay Away From Woke States/Cities
Never Buy For Just One Exit Strategy
Follow Up Follow Up Follow Up - MoreTime = Motivation
Know Your Buy Box
You Direct Your Servicers
Speed Up Your Velocity of Capital
Dollar Cost Average Your Portfolio
Make Multiple Offers - Quit Trying To Find the PERFECT Deal
Education is Key But You'll Learn More by Doing!
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In this episode of the Note Closers Show podcast, Scott Carson shares his FIVE RULES For New Real Estate Investors in 2023. Scott discusses why it is now more important than ever to:
1). Know Your Strategy and Asset Inside & Out
2). Understand that Real Estate is Only Going to Get More Expensive
3). Stop Listening to Idiots Who Haven't Done Anything
4). Learn How to Raise Private Capital
5). Embrace 21st Century Marketing
And let's not forget about #6 and Go Bigger!
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In this episode of the Note Closers Show, Scott Carson interviews real estate investor Cory Mortenson about his journey from residential realtor to commercial real estate investor. Cory shares his journey and what you need to be looking for when investing in commercial real estate in today's chaotic mark. Cory also shares his focus on creating syndications for investors with a focus on finding home-run deals.
Connect with Cory at http://www.one-9holdings.com
Watch the original video HERE!
Cory Mortensen took the commercial real estate business degree he earned from Texas Tech and immediately got to work following graduation to learn as much about real estate as possible before launching his own investment platform, One-9 Holdings. Cory spent years learning appraisal, investment sales, transaction management, and sales in order to confidently handle the complicated industry of commercial real estate and investments. In just the last couple of years, Cory has personally sold over $13 million dollars in real estate, consulted on the placement of over $3 million dollars of private-client investments, partnered with developers, and raised $1.5 million dollars, netting his investors 100's of thousands of dollars in profit.
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In this episode of the Note Closers Show, Scott Carson shares a session from his recent Virtual Note Buying Workshop with special guest, Merrill Chandler from CreditSense.com. Merrill shares the best ways to build a business and personal credit profile to tap into the cheapest funding available. Merrill also discusses the difference between a real credit score versus a Fako score. He also makes an amazing offering to listeners of the Note Closers Show to help them become more fundable.
Check out the offering at http://GetFundableWCN.com!
Check out Merrill and his team HERE!
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In this episode of the Note Closers Show, Aaron Young from Laughlin and Associates joins Scott Carson during his April Virtual Note Buying Workshop to discuss why entrepreneurs (and especially real estate investors) need to worry about protecting their business and personal assets by establishing the corporate veil. Aaron also discusses all of the things that we need to do as business owners to protect and strengthen our entities and LLC's so that when we are sued, our corporate veil is not pierced. Aaron also shares a very special offering for listeners of the Note Closers Show (on how you can get your 2023 corporate minutes done for FREE)!
Check it out at http://corpveil.com or at http://LaughlinUSA.com.
Email Aaron at AaronYoung@LaughlinUSA.com to claim your special gift!
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In this episode of the Note Closers Show, Scott Carson answers a few questions from his previous episode on how to find information on vacant properties. Scott shares what websites he uses to find the information on the borrower, heirs, the underlying loan, and any other valuable info that he will need when it comes to getting in touch with the right party. Some of the websites that he discusses are Netronline.com, Spokeo.com, Whitepages.com, obituaries, social media, and county records.
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On this episode of the Note Closers Show, Scott Carson answers one of the most common questions that he gets from new investors. Can I buy the note on the ugly house on my street? Scott explains why the answer to this is "it depends", how you go about finding the correct answer, and what to do once you do find out.
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In this episode of the Note Closers Show, Scott Carson discusses a current article from DS News about a new LendingTree.com study showing that over eight million adults 18 or over (or 13.17%) are living in homes or households where they are behind or not paying the rent. HERE IS THE ARTICLE
Scott discusses what states have the biggest amount of renters behind on their rent, the states that have the lowest rates, and the states where people are living rent-free. He also discusses why this has a snowball effect on mortgage defaults and why landlords are no more tired than ever of dealing with toilets, tenants, evictions, and trash outs.
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On this episode of the Note Closers Show, Scott Carson breaks down the differences between closing on a traditional piece of property vs the process for closing on a note deal. Scott shares why a property purchase is usually more intense and uses title companies while a note purchase is more remote and has fewer closing costs.
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In this episode of the Note Closers Show, Scott Carson explains what's going on in the news with the commercial banks that are struggling with their portfolios of commercial real estate. Scott explains why banks are having a hard time and why this time around we'll see more distressed commercial debt verses residential debt. He also explains what the Texas Ratio is and why it's important for bankers, investors, and depositors to know about the bank that you work with.
Scott also describes why increased interest rates are affecting banks and commercial real estate investors who are looking to refinance into a fixed-rate or long-term loan. It's definitely getting interesting out there for banks that are holding these nonperforming assets.
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Are you a California investor looking for distressed note deals in your backyard? Good luck with that! In this episode of the Note Closers Show Podcast, Scott Carson shares why most note investors are avoiding note deals in California when they can get a bigger bang for their investing buck by investing in other states that provide better returns, and leverage, and are friendlier to investors. Scott also discusses why distressed notes just aren't going at huge discounts and why you would be better off investing out of state than in California.
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In this episode of the Note Closers Show, Scott Carson discusses the six different risks that you need to watch out for when buying nonperforming notes. He shares why interest rates, market values, disgruntled borrowers, taxes, legal, and acts of God can all affect what happens with your note deal and why you have to watch out and plan for them all.
But don't worry! Scott shares how to plan and protect your deal (and investment) with each risk and how to come out profitable on the back end of each one.
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On this episode of the Note Closers Show, Scott Carson shares why you must start contacting banks and asset managers now if you want to be around when they start moving nonperforming assets. Scott shares his strategies for contacting asset managers online, via LinkedIn, and via email.
He also discusses why he is doubling down on marketing to his banking contacts as asset managers everywhere are looking at their books. Scott also shares why and how he is looking to raise as much private capital as possible from SDIRA investors.
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Will the closing of Silicon Valley Bank and Signature Bank be the first dominos to fall? Will we see another large amount of other banks start to fail? There are a lot of different things to look at when determining if a bank is on the verge of failing or has a large portfolio of distressed assets that are bringing down it's values. On this episode, Scott Carson discusses some of the obvious things to look for and some other cracks in the system that have been visible for a while in the financial markets. He discusses why it is important for note investors to double down on their marketing to banks and to be patient as banks are facing troubled waters.
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On this episode of the Note Closers Show, Scott Carson talks with seasoned real estate investor Rebeccas Maulonis about her love for land investing. Rebecca shares how she got started after her extensive background in commercial real estate and development. She also shares how she finds, buys, and sells land deals all across the country and how she is creating a nice passive income stream for her future. She also shares how she has been able to streamline the buying and selling side with systems and virtual assistants.
To connect with Rebecca you can email her at rebeccamatulonis@gmail.com or connect with her on social media.
About Rebecca: Rebecca began her real estate career a decade ago. After spending time working on ground-up development and commercial leasing she started branching out into land investing. She is also the host of the Born For Greatness podcast.
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On this episode of the Note Closers Show Podcast, Scott Carson discusses how each of us as note investors are like one of the contestants from the popular Korean reality show, the Physical 100. Scott shares why each of have our own strengths and resources that work in our favor just like the contestants dow with their muscles, physique, strength, and agility. Scott also stresses the need for us to identify our different resources and strengths that we can use to our advantage as an investor and to use those strengths to our advantage when buying and investing in notes or real estate.
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On this episode, Scott shares the important lessons that new note investors learn when they take the time to break down different types of notes. Scott discusses some of the lessons taught to his students who attended the different live tape breakdowns in the past week that can be watched again at http://WeCloseNotes.com. He also provides you with some of the most important lessons and assumptions that you can make when a note tape has a huge list of NPNs with a wide variety of values, delinquencies, occupancy, property type, states, cities, and balances, and how to eliminate the bad from the good.
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Watch the original video HERE!
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On this episode of the Note Closers Show, Scott Carson interviews Thomas Geib from Physician Wealth Systems on the best ways to raise private capital when targeting wealthy individuals and medical experts. Thomas shares his team's strategy for helping build trust and why it's all about building relationships when it comes to working with wealthy individuals.
Thomas Geib is the author of How To Get Rich As A Doctor, Co-Founder of Physician Wealth Systems, Co-Host of the Real Estate Mogul, M.D. Podcast, and Founder of RE Lead Convert.
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On this episode of the Note Closers Show, Scott Carson shares some of the things that you have to watch out for when you are a new note investor bidding on low-balance or low-UPB loans. Scott discusses why it is important to look at more things than just the low price of the note and why there are several different hurdles and traps that you have to watch out for.
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On this episode of the Note Closers Show, Scott Carson shares why most note investors get a bad rap when it comes to finding sources from most educators. He breaks down why there are plenty of deal sources for note investors and why most "gurus" won't share their sourcing. Scott also discusses why you are minutes away from being direct to over 5,000 different bank asset managers and why marketing is the secret sauce to getting plenty of note deals sent to you without having to overpay. Quit being a bird dog and start buying for your own portfolio!
Watch the original video HERE!
Sign up for the next Virtual Note Buying Workshop HERE!
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On this episode of the Note Closers Show, Scott Carson discusses the different exit strategies that you need to know as a performing and nonperforming note investor. He discusses how investors start at one end and work their way to the other end of the list depending on what they find out from the borrower. He also discusses the importance of dictating terms to the borrower but working to achieve a win-win scenario.
If you would like to find out more information about note investing, make sure to check out Scott's Virtual Note Buying workshop at http://NoteBuyingForDummies.com.
Watch the original video HERE!
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On this episode of the Note Closers Show, Scott Carson breaks down his seven favorite ways to raise private money. He discusses the value of each strategy and why you need to start marketing for capital now instead of waiting until it is too late. He shares the importance of raising capital from friends & family, using lines of credit, networking, finding sdira investors, buying investor lists, using social media, and collateralizing property and other notes to raise capital.
Scott also discusses the need to develop several digital assets to help you when raising capital by using your executive summary, case studies, and a pitch deck to get the word out on your deals.
Watch the original video HERE!
Sign up for the Virtual Note Buying Workshop HERE!
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On this episode of the Note Closers Show, Scott Carson shares 13 different ways for new and experienced note investors to find note deals. Scott shares a variety of different strategies from note-listing websites to contacting banks to tracking AOM's.
He outlines each strategy and shares what is also covered in the first day of his quarterly Virtual Note Buying Workshop. To learn more about how to invest in notes and FIND more deals, you can get signed up at http://NoteBuyingForDummies.com and start learning today!
Watch the original video HERE!
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In this episode of the Note Closers Show, Scott Carson shares how and why it is important to get as many No's as you can when you get started and why they ultimately lead to Yes and profits. Scott shares why each No that you receive is worth something in the long run unless you end up giving up. He also discusses why better deals and more profits come from getting more asset managers to reject you. He also shares why it is important to be buying for your own portfolio instead of acting like a joker-broker and burning bridges before you ever get started.
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Would a 44% ROI in 45 days get you excited? That's exactly what happened to one of our newer note coaching students who recently purchased a nonperforming note in December and had it turn into a performing note when the borrower brought $25K to the table days before the foreclosure auction. Scott Carson breaks down how this deal happened on this win-win note deal that was a win for the borrower and a homerun for our student!
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Getting media exposure can be costly at times, but it does help you grow your business. But how can you earn media coverage without spending any money on ads? Media expert Christina Nicholson sits down with Scott Carson to discuss how businesses and entrepreneurs can achieve media exposure without wasting a ton of money on ineffective ads. Christina is the owner of Media Maven and the host of the Become A Media Maven podcast. She shares why press releases are dead and her biggest pet peeves regarding public relations and media companies' selling spots. Plus, they also dig deep into fake news and how you can stop spreading it. Join Christina and Scott in this conversation and learn more about how you can get free media coverage to promote your business!
Want to talk to Scott? Book a call with him HERE.
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Did you know that as the note holder (or bank) you actually have the right to request information from the utility departments on a note you are looking at buying? It's important to know if the power, gas, or water are on inside of a property to help you determine if it's occupied. It will also help you determine your next course of action on whether you need to winterize and secure the property once you close or start negotiations with the borrower or tenant.
On this episode of the Note Closers Show, Scott Carson shares with you what to say when contacting the utility departments and why it's important to call before you close on a note deal.
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New real estate investors often struggle with what they can be doing to market and grow their business in their part-time while juggling a full-time job. On this episode of the Note Closers Show, Scott Carson shares six different activities that new investors can do at any time during their side hustle hours to stay productive, expand their network, find and evaluate deals, along with building private money connections.
Scott shares that you don't have to put full-time hours into your side hustle to find success and grow. He also discusses why it is important to leverage the time and money coming in from your job to help you build a runway if becoming a full-time real estate investor is your long-term goal. A little bit of action each day and week goes a long way toward long-term success!
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On this episode of the Note Closers Show Scott Carson shares his love for the #1 tool for public records research for all the counties across the country in Netronline.com. Scott discusses how he and his team use this website for all types of online due diligence and how it makes it super easy for investors to track down information when you are investing in different cities, counties, and states.
Scott discusses why this online tool is important but not a replacement for still pulling title and valuation and why it should be the first or second website you go to when evaluating notes and other real estate deals.
Check out NETRONLINE.com HERE!
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On this episode of the Note Closers Show Scott Carson shares the three different ways that he organizes notes or deals on his note tapes so that he can identify the three classes of potential deals: performing notes, non-performing with a chance of reperforming, and the serious delinquent with little chance of reperforming. Scott shares what to look for depending on your deal focus and long-term goals.
He also shares the importance of knowing what you are looking at and why running the same ROI formula or exit strategy for every asset doesn't make sense and can often get you in trouble or cause you to overlook real deals.
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In this episode of the Note Closers Show, Scott Carson shares why the saying "the Riches are in the Niches" is true for real estate investors (both old and new) and why trying to be a jack-of-all-trades often leads to being broke and frustrated.
Scott shares why it's important to focus on one or two strategies that align with your goals, time, market, and strengths and why you must give a niche or strategy your focus and energy for 6 months to determine if it's working before changing your focus. He discusses the importance of knowing if the strategy is right for your market and why not having another "tool in the toolbelt" is okay as a real estate investor.
Watch the original video Here!
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In this episode of the Note Closers Show, Scott Carson shares what you need to look for in the collateral file of a note deal. Scott shares what items are necessary for you and what other items are a bonus when you get them. He also discusses the need for you to look through the servicing notes, hardship letters, original financials, loan application, and other documents that might shed some light on the borrower's mindset and what direction your exit strategy might take. Scott also discusses some of the interesting things that he has found in collateral files and why it's more important than any other facet of due diligence for note deals.
Watch the original video HERE!
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In this episode of the Note Closers Show, Scott Carson breaks down the different ways for you to calculate the legal balance of a note when that information is not provided on the tape or spreadsheet. Scott shares how to calculate the number of months behind and how to figure the amount past due plus late fees and what else you can add to the unpaid principal balance when comparing that to market value. Scott also discusses the importance of knowing the statute of limitations on debt collections in each state and how that affects the amount and number of years that you can collect on.
Scott also discusses the upcoming live webinar where he will be breaking down a tape of over 400 nonperforming notes and how you can join in LIVE at http://noteinvesting101.com.
Watch the original video HERE!
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In this episode of the Note Closers Show, Scott Carson shares his favorite ways to network in the new year. Scott shares how he leverages real estate clubs, Meetup groups, BNI.com and online groups in Facebook and LinkedIn to help him network with like-minded individuals. He also discusses why January and February are always the busiest and most productive months to attend networking events as everyone is working towards their new year's resolutions. Scott also discusses the importance of having a game plan and going into a networking event prepared and why following up with your new connections is just as important as showing up. Remember that your net worth is determined by your network so get out and start networking!
Watch the original video HERE!
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On this episode of the Note Closers Show, Scott Carson talks with stock market investor and entrepreneur Brian Feroldi about his book and theories on why the stock market always goes up over time. Brian shares his strategies, wins, and losses and what it takes to be a stock investor in today's up and down markets.
Watch the original video HERE!
Check out Brian's book HERE!
Brian Feroldi is a financial educator, YouTuber, and author. He has been intensely interested in money, personal finance, and investing ever since he graduated from college.
Brian started investing in 2004. In the beginning, he had no idea what he was doing and got his teeth kicked in. His returns improved dramatically over time as his experience and knowledge about the stock market grew.
Brian’s career mission statement is “to spread financial wellness.” He loves to help other people do better with their money, especially their investments. He has written more than 3,000 articles on stocks, investing, and personal finance for the Motley Fool.
In 2022, Brian’s book Why Does The Stock Market Go Up? was published. The mission of the book is “to demystify the stock market.” It was written to explain how the stock market works in plain English.
Brian lives in New England with his wife and three kids.
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In this episode of the Note Closers Show, Scott Carson shares a recent coaching call with real estate investor and student, Calvin Ewing. Cal recently had a bid on a performing note in Port Arthur, TX approved at a decent discount below UPB on a performing note. Scott and Cal break down the numbers behind the deal, what red flags Cal needs to look for, and expected returns depending on if the borrower continues to pay or if the deal goes south.
Looking for help on a note deal? Book a call with Scott HERE!
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In this episode of the Note Closers Show Podcast, Scott Carson shares why it is so important for real estate professionals to share their experiences and case studies to find buyers, sellers, and funding sources.
Scott discusses the power of sharing case studies and previous deal flow for existing professionals and why new investors need to start sharing deals that they are reviewing or working on with their audience to attract investors as well. Scott also shares his simple plan for creating a case study and then sharing it across multiple platforms and why that is necessary especially when you don't have an existing database.
Watch the original video HERE!
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In this episode of the Note Closers Show Podcast, Scott Carson shares several ways that licensed realtors can leverage their license, experience, and access to the MLS (Multiple Listing Service) to find deals ahead of traditional real estate investors.
Scott shares how realtors can use the MLS to research upcoming foreclosures for potential note deals, expired listings for subject-to-deals, and low-value listings for rehabs, rentals, or wholesale deals. He also shares how realtors can use the MLS to find private investors, past buyers, and investors on new deals, and using NARPRP.com to pull values across the country.
Watch the video HERE!
Book a Call with Scott HERE!
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On this episode of the Note Closers Show, Scott Carson interviews Reena Friedman Watts from Mega Watts Production. Reena shares her background and her entrepreneurial journey from production assistant on the Jerry Springer show to where she is today. She shares the valuable lessons that she has learned along the way and why it's important for people to identify opportunities in their current career path that can help propel them to their future goals.
There’s not much Reena Friedman Watts hasn’t done in her professional life. She’s scoured the NPR newswire for stories. She’s combed through hundreds of small claims cases. She’s worked on reality TV shows such as The Jerry Springer Show, Court TV, and Nanny 911. She’s worked in Radio. She’s planned mega-events for the telecom and finance industries. She’s secured sponsors and emceed. She’s booked sensational and hard-to-get guests such as Howard Schultz, Barbara Corcoran, Ken Coleman, and Derek Sivers on Cathy Heller’s Don’t Keep Your Day Job Podcast and boosted the downloads from 4M to nearly 15M.
Reena has a God-given talent for connecting people and building communities, and she bestows her magic on people in the most selfless and genuine way. Ideas for how people can achieve the fantastic flow out of her head as effortlessly as breath flows into her lungs. Her diverse background and skill set allow her to seamlessly weave in and out of multiple markets and find her way through doors that don’t open for others. She coaches entrepreneurs on how to get unstuck and find their first clients, she gets blurbs from influencers for their best-selling books, and she even helps them grow communities of their own.
Reena is a questioner and a story junkie, and she’s scratching that itch on her highly anticipated podcast, Better Call Daddy. She’s telling the stories that haven’t been told and sprinkling them with wisdom from one of her most trusted advisors, her Dad.
Reena is a hustler, a change-maker, and a consummate connector. Imagine what she can do for you.
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On this episode of the Note Closers Show, Scott Carson shares a recent note deal that a student approached him with on the best way to work with a distressed borrower who was also elderly. Scott discusses the different strategies that note investors face and how this borrower might be the perfect fit for a reverse mortgage that pays off the underlying debt and gives the borrower some cash or monthly payments and allows them to stay in their home based on a large amount of equity without ever having to make a mortgage payment again.
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On this episode of the Note Closers Show Podcast Scott Carson discusses how to overcome frustration and inconsistency as a note and real estate investor. Scott discusses how many investors struggle with staying consistent with their marketing and lack the patience to stick things out to find success. He also shares why it is important to limit what you are focused on and give yourself time and patience for leads, money, and deals to appear from your work and energy.
Scott shares the need to organize your day and week schedule via the 30x30 marketing matrix to help you find success. You CAN Do It!
Watch the 30x30 Matrix video HERE!
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On this episode of the Note Closers Show, Scott Carson discusses the difference between the three different types of financing options for investors when they purchase property or notes. Scott shares the difference between conventional bank financing, hard money loans, and private money lenders and when each is appropriate for your investment deal. Scott also discusses when and where you can or can't use each financing option and the costs associated with each one. He also shares why you need to know your money costs on the front end of doing your deal and how your monthly costs affect your profit margin in the short and long-term time lines of your deal.
Watch the Video at http://WeCloseNotes.tv
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On this episode of the Note Closers Show, Scott Carson shares the answer to the biggest question that new investors have! Do deals or money raising come first? Scott discusses the thoughts and philosophy behind both camps and shares why you should focus on one strategy over the other. He also discusses why you need to start taking action now to market yourself as an investor to your warm database and work to expand your tribe.
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What is there to know about mortgages in real estate? You need to know a couple of important about mortgage markets before you plunge deep into them! In this episode, Scott Carson talks with Rebecca Richardson (aka the Mortgage Mentor) about the current mortgage markets and what she sees as a residential lender across 30 states. She shares how social media helped expand her market across the states. Rebecca wants everyone to have the information they need to make smart decisions that work for them and feel empowered and educated. Tune in to this episode with Rebecca as she brings more insights.
Want to talk to Scott? Book a call with him HERE.
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On this episode of the Note Closers Show, Scott Carson asks the question, Are You An Investor or Waiter? Are you working to serve your own dreams or just taking orders from others and getting paid scraps? He discusses the need for investors to make offers and work to find deals for their own portfolios instead of just being a realtor, brokers, or wholesalers.
Scott also discusses why there are more opportunities now than there have been in the past five years and why those who don't know how to market and find deals will be out of work or struggling to survive. He shares why it's important to make the lion's share of profits on deals instead of just settling for a realtor's commission or wholesaling fee.
Book a call with Scott at http://TalkWithScottCarson.com
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On this episode of the Note Closers Show Scott Carson discusses how note investors are ideally set up to target and market for potential subject-to-deals on the notes that they don't end up buying. Scott breaks down the three profit margins of subject-to-deals, why a borrower would agree to one, and why the current market conditions make subject-to-deals an ideal investing strategy to control lots of real estate without having to qualify at higher interest rates.
Watch the full video HERE!
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Scott Carson talks with author and money mentor, Clifton Corbin, about his book Your Kids, Their Money! Clifton shares his journey from leaving the corporate world to being a stay-at-home dad and money educator. Clifton shares some of his lessons for success and his family's journey to where they are today and how other families can do the same thing.
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How do you get the word out on what you and your business are focused on? How do you share your message in a professional way that stands out from the crowd when you are just getting started? You create your pitch deck!
On this episode of the Note Closers Show, Scott Carson shares how he and his students create customized pitch decks for investors, asset managers, and any other crowd you want to target to attract funds, deals, and your ideal audience. Scott discusses what goes into a pitch deck and why you want to keep it short and sweet. He also shares how and where to share your pitch deck and why it is important to make it easy for prospective investors and note sellers to contact you depending on the platform.
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The economy is rough today, but it is not as bad as it could be. But how will inflation affect us? In today's episode, Scott Carson talks with financial advisor and investor Kirk Chisholm from the Innovative Advisory Group about the current markets, inflation, and how it is affecting the United States market. Kirk also shares his insights on investing using self-directed IRA's and how he is working to hedge his bets from the chaos of the market.
Want to talk to Scott? Book a call with him HERE.
http://talkwithscottcarson.com/
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On this episode of the Note Closers Show, Scott Carson shares his best practices for securing your first private investor or funding partner as a new note or real estate investor. Scott shares why it is important to share potential deals or case studies that hit the "hot" buttons or interest of your audience and why good deals find private money.
Scott also shares how two of his students used deals that they were working on to attract funding partners from their new network of investors. Scott also shares why you have to share what you are doing on a regular basis to attract funding and why you want to share the finished product of sausage and not how the sausage is made. Scott also shares why raising capital is an art form of having conversations and why finding good deals is more difficult than raising capital.
Book a Call With Scott at http://TalkWithScottCarson.com
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The real estate industry can be highly rewarding or extraordinarily humbling. Sometimes, those lessons of humility come in the form of bad deals. On this episode of the Note Closers Show, Scott Carson talks with international real estate investor Gavin Gallagher about some of his losses as a real estate investor. Gavin shares his story of how he almost lost everything during the last economic crash and how his mindset during an up-market led to his mistakes. He also shares how he overcame that loss to find success today in commercial properties and as a podcaster.
Want to talk to Scott? Book a call with him HERE.
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On this episode of the Note Closers Show, Scott Carson shares why note investors might find some great deals with reverse mortgages. Scott shares what a reverse mortgage is and why they are more a real estate play than a note play. He also shares what you need to look out for with your due diligence and why you need to be picky about where you buy them at.
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When raising capital, you do not always need a long list or a huge variety of self-directed IRA investors. Sometimes, you can reach out even to a limited database and make them get in touch with you instead. On this episode of the Note Closers Show Podcast, Scott Carson shares an episode of his Money Monday coaching call from his WCN Crew members, where he and Larry Hoffman outline their step-by-step process for finding, contacting, and converting self-directed IRA investors found on the county records into private investors to fund their deals.
Want to talk to Scott? Book a call with him HERE.
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These past few years, the number of young people who are still financially dependent on their parents has been steadily rising. Even though they are off to college or doing side jobs, they continue to be on the payroll of their mothers and fathers. Scott Carson interviews financial expert, journalist, anchor, and CFP Bobbi Rebell about her newest book, Launching Financial Grownups. She presents practical advice for parents on guiding their children to be more confident handling cash. Bobbi explains how letting them make mistakes with money and being transparent with debt are effective motivators in encouraging kids to pursue financial freedom even with their young age.
Want to talk to Scott? Book a call with him HERE.
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On this episode of the Note Closers Show, Scott Carson shares with his listeners about a special 2-day, a private money-raising event hosted by Mike Fritz and Kris Haskins called the Private Money Mastery.
Are you struggling to raise private capital for your deals? Are you having a tough time talking with potential funding sources about your deal and the benefits of being a private lender? Are you looking for tools, tips, and tactics from the best capital-raising investors in the business?
Then you will want to join me at the Private Money Mastery event this Friday & Saturday hosted by my friends, Mike Fritz and Kris Haskins!
Join Mike & Kris along with their guest experts who will be sharing their best practices for raising private capital all for the cost less than a pumpkin-spiced latte from Starbucks! Tuition for the event is just $5 bucks with all proceeds going to Operation Underground Railroad to help stop human trafficking.
The class runs from 10 am - 3 pm EST on Friday & Saturday and you'll receive 10 hours of amazing and business-changing tools and tactics to help you transform your real estate investing today!
Get signed up today at https://bit.ly/privatemoneyclass and get ready to make the 4th quarter of 2022 and beyond your investing oyster!
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On this episode of the Note Closers Show, Scott Carson discusses why wholesaling real estate is not a long-term investment strategy that builds wealth. Scott shares why investors often want to start out wholesaling but shoot themselves in the foot by not marketing for capital instead of wholesale buyers. He also shares why wholesalers make the least amount on a deal and pay the most in taxes when compared to your buy-and-hold buyers who are actually buying the note or property and are into the deal on a long-term basis.
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We fall prey to the false things we hear in the credit markets today, especially new note investors. But what can you do to improve your market and get business credit? On this episode of the Note Closers Show (taken from the July Virtual Note Buying Workshop), Scott Carson talks with Merrill Chandler from GetFundable.com about the different ways to leverage your personal and business credit to maximize returns. Merrill shares different myths about credit and why you need to know the new rules of growing, building, and sustaining your credit profile to create a fundable profile. Merrill also gives a very special offering to students of WeCloseNotes.com and listeners of the Note Closers Show Podcast. To know what that is, tune in to this conversation!
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There are a lot of different perspectives on investing, and it matters how you do it, what you do, and why. In this episode, Scott Carson interviews the founder of Vyzer, Litan Yahav, about what inspired the company's founding, his passion for passive and active real estate investing, disrupting the world diamond exchange, and what makes for a good passive investment to invest in. Litan excels in his field because he finds solutions for real problems that he, as an investor, goes through. Learn how to elevate and diversify your investments through tools like Vyzer and get more financial tips and insights from Litan by tuning in.
Want to talk to Scott? Book a call with him HERE (link "HERE" to http://TalkWithScottCarson.com).
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On this episode of the Note Closers Show Scott shares his strategy for finding owner-financed notes to buy from sellers. He also shares his dislike of how the note industry basically only teaches note buyers to target note holders via direct mail instead of marketing like it is in the 21st century. Scott shares the easy marketing strategy that he and his students use to find deals without the overhead of direct mail and why marketing to the masses results in more deals than the low results of direct mail.
Scott also breaks down what questions you need to ask and what information you need to request from note sellers to make sure you aren't wasting your time and energy. Scott also shares the best way to structure your deal and why he believes using owner-financing to sell your property is not an effective and profitable strategy for most investors.
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We see so many changes in the mortgage markets that it can be tough to keep up. Fortunately, Scott Carson has not only one but two guests who can provide us with a great view of the residential and commercial lending markets. On this episode, Scott interviews Krystle Moore and Kenny Simpson from the Get In the Cashflow Game podcast. They are both lending experts with more than nineteen years of lending experience. Krystle and Kenny share their insights into the current mortgage markets, where they think the market is heading, and where opportunities lie for investors in and outside of the southern California markets. With this crazy market we're currently in, you better tune in to this conversation and gain insights to navigate and thrive through the changes!
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In this episode of the Note Closers Show, Scott Carson breaks down what to do when you find out a note is advertised as a performing note but turns out to be sub-performing or nonperforming. Scott outlines what to look for as payment history, taxes owed, insurance being paid, servicing, and collateral doesn't turn out to be what you expected during your due diligence period prior to closing.
Scott also shares why it is important to push back from the table or to reduce your bid based on the increased costs or expenses that have to be covered by you when and if you buy. And why you need to have red flags start popping up when the seller starts to drag their feet when providing due diligence documents and servicing records.
Got Questions? Book a call with Scott at http://TalkWithScottCarson.com
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Mistakes are possible, especially when you are a first-time note investor—many don't want to take risks for fear of making mistakes and losing a sum of money. But you don't have to let fear stand between you and success. In this episode of the Note Closers Show Podcast, Scott Carson shares the five common mistakes new note investors make when diving into nonperforming notes. In this industry where buyers and sellers change, you have to constantly buy and keep track of what's going on in the industry, so tune in to this conversation and hear more from Scott Carson.
He discusses the mistakes that investors make with:
1) The Property vs. the Note
2) Note Time Frames
3) Note Pricing
4) Note Strategy
5) Money & Marketing
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In this episode of the Note Closers Show, Scott Carson breaks down some of the easier ways to slice up the different lists of notes you get in to find the assets that you want to spend your time on. He shares why every asset isn't a deal and how to eliminate the "dud deals" like a Jim Belushi samurai warrior.
To book a call with Scott to discuss slicing and dicing a tape that you have in, book a spot at http://TalkWithScottCarson.com.
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In this episode, Scott Carson discusses the importance of why you need to share your message across your different social media profiles so that your audience knows what your focus is. Scott shares why it is important to do this on a regular basis as our network and tribe grow. If you want potential clients and lead sources to know what you do and to think of you when a deal comes across their desk, then you have to share your story. When was the last time that you shared? Scott shares an example of how to share a short and sweet message that informs and educated your audience on what you do and why they need to think of you. Scott also challenges his listeners to take action and share their posts by tagging him and sharing the hashtag #funfriday.
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Are you looking to start investing in notes? In this episode, Scott Carson shares what he would focus on first if he had to start as a new note investor in 2022. He discusses the need to approach note investing with a fresh mind and realize it's a different niche of real estate investing compared to being a landlord, fix and flipper, realtor, or mortgage broker. Finding and funding are the two most significant steps to your financial independence. Buckle down on the education side, learning as much as possible through workshops and classes because it is an essential path new note investors should take. Start your journey by learning from this conversation!
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In this episode, Scott discusses how many investors and entrepreneurs, both new and experienced, struggle with the fear associated with imposter syndrome. Scott shares why it is normal to feel "not good enough" to find success and some of the ways and tools that he and his successful peers have used to break through the mental blocks to find success.
It's important to know when you are dealing with feeling this way and why the only cure is to take action. Embrace your inner Stuart Smalley and say to yourself, "I'm good enough. I'm smart enough. And doggone it, people like me!" If you need help, feel free to book a call with Scott at http://TalkWithScottCarson.com.
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If you are a mortgage professional (loan officer, broker, servicer, or processor) who finds yourself on the wrong side of the employment line, this might be the most important video you will watch this year!
In this episode of the Note Closers Show, Scott Carson discusses why mortgage professionals are a perfect fit for note investors. Scott shares his past experience as a mortgage banker and what he experienced in 2008 when he left the mortgage origination side of banking and lending and pivoted to the note investing niche of real estate. He also shares his advice, counsel, and what he would do if he were one of the many thousands of loan officers who have been laid off or lost their job in the past few months as lenders and banks continue to downsize and reduce their number of loan offices as interest rates rise and the mortgage lending business slows down.
If you are one of these experts, you might want to check out the upcoming Virtual Note Buying Workshop or the Note Weekend training that Scott offers.
http://NoteBuyingForDummies.com
http://NoteWeekend.com
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On this episode, Scott Carson shares some of the new and upcoming attractions to the Note Closers Show Podcast.
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Scott Carson shares how he plans his week's worth of marketing for deals by automating 90% of the process.
He uses OctopusCRM.io to connect with 20-100 new LinkedIn contacts Monday- Friday that only takes him 5 minutes each morning to start.
Monday is other Note Investors.
Tuesday is Special Asset Managers.
Wednesday is Whole Loan Traders.
Thursday is Secondary Marketing Managers.
Friday is SDIRA Investors or Real Estate Podcast Hosts to get help him get his word out by speaking.
He also shares that his weekly emails to his larger database for Note Night in America is written by Sunday night. He makes sure his Thursday LinkedIn Newsletter is done by Wednesday night (with replays and other articles so he doesn't have to create new content) and Friday he spends following up with new leads and prospects via email that he gets from using Retention.com.
Feel free to book a call with Scott to discuss at http://TalkWithScottCarson.com
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If somebody has bought one note, very rarely are they only going to buy one. This is why finding past and present note buyers and sellers can really help you land more deals. In this episode of the Note Closers Show, Scott Carson shares three different ways to find past and present note buyers and sellers. He also shares how he and his coaching students are leveraging county records, past note lists, LinkedIn, and note platforms to find individual deals that lead to larger lists of note deals. Join in and learn lead sourcing taken to the next level!
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As anyone in the real estate industry will tell you, due diligence is critical when making investments. In this episode, Scott Carson talks with Dickie Baldwin from Baldwin Advisory Group (BAG) about the different services that they offer real estate investors when it comes to performing due diligence on their real estate investments. Dickie shares the different vendors, products, pricing, and timelines for ordering services and products from BAG. This episode is taken from the recent Due Diligence Masterclass that Scott Carson taught.
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Many people think of stocks and bonds when investing, but some options can be just as lucrative. One such option is investing in notes. In the Note Closers Show Podcast episode, Scott Carson sits down with note investor Scott Slackter. Slackter shares his journey as a note investor and how he started by finding and brokering owner-financed notes. He also shares his passion for finding performing notes and arbitraging those deals with his investors.
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Establishing relationships is good for business growth because it allows you to build trust, show your commitment, and prove your credibility. In this episode of the Note Closers Show, Scott talks with Pablo Gonzalez about the power of building revenue through creating relationships with your clients and community. Pablo is the inventor of the Relationship Flywheel™️, host of the B2B Community Builder and Not Your Average Investor Shows, and Co-Founder of Be The Stage. While creating and nurturing a community can be daunting, how do you establish these relationships? Find out in this episode.
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What does hotel investing look like? One of the big differences between multi-family and hotels is hotels is a business and no longer real estate. It sits on real estate, but you're buying a business. On this episode of the Note Closers Show Podcast, Scott Carson interviews real estate investor Michael Stohler about his love of investing in hotel deals. He then shares the difference between the multifamily and hotel spaces. Hotels are one of the most distressed asset classes out there, but there’s a great chance to succeed in that space if you know how to look at the P&Ls and identify opportunities. Join in and learn if this is something you want to lay your hands on!
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What does it mean to be a beacon of leadership in today's world? On this episode of the Note Closers Show, Scott Carson sits down with fellow podcaster and author Chris Voss. Chris talks about his new book, Beacons of Leadership. Chris shares why he wrote the book and why the principles he wrote about are something everybody needs to know and implement. Tune in and learn how you can be a beacon of leadership in your industry!
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Loan servicing transfers can take longer than expected. For this reason, it is in your best interest to send out your own Hello Letters to speed up contact instead of waiting for the seller's servicing company to send out their Goodbye Letters. On this episode of the Note Closers Show Podcast Scott shares his strategy for speeding up right party contact with new nonperforming borrowers on new note purchases. He shares why this process has helped convert 65% of distressed borrowers to a performing note, a trial payment plan, or a deed in lieu of foreclosure. He also shares why it's important to reach out and give the borrowers a fresh start and a real point of contact where they can talk with someone to set up payment arrangements.
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Larry Hoffman is a software developer who is looking to break into note investing. He recently took a one-on-one coaching program at WCN. Now, he's more confident as a note investor and was able to raise a couple hundred thousand dollars in private funds. Now, Larry is the owner of LJH Investments LLC, a real estate investment firm that specializes in buying and selling distressed assets. Join Scott Carson as he talks with his student, Larry about his journey as a real estate and note investor. Larry shares his past investing experience and what attracted him to notes. He also shares his success formula for finding deals and raising private capital.
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If you want to build your brand, you have to be communicating the right people. You need to be able to find your niche. If you're all about the notes industry, talk about notes. Only then will people understand where you're coming from because they are your niche. It's important to be with them along their customer journey so that you can add some value. Join Scott Carson as he talks with marketing leader and co-founder of Scalta, Alejandra Slatapolsky about the correct and incorrect ways to build your brand. Learn how you can build you brand when it comes to marketing and why being niched down equates to a faster rate of success. Find your niche today!
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If you look at the news today, it's clear that you are having your hard-earned dollar pulled away. The banks are literally robbing you and you're just sitting there smiling as they do it. But that's not the end of the world. You can still go out there and do something about it. In this episode of the Note Closers Show, Scott Carson breaks down how banks and Wall Street are robbing Americans of their savings and hard-earned money. He discusses the arbitrage between banks offering low yield, "high savings accounts" and how your everyday American is losing thousands of dollars in investment opportunities. Scott shares the different opportunities and why it is important for educated investors to share the power of becoming your own private bank. These things can help Americans truly earn an above-average return on their investments and savings.
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What should you be doing to boost your real estate investing this 2022? Scott Carson has the answers for you. In this episode, Scott lists down the top three things all real estate investors need to be focusing on to find and fund more deals this year. He discusses the need to Market More, Follow-Up, and Embrace Video to set you apart from other investors. It’s never too late to start upping your game. Don’t miss out on practical advice to help you grow your business, and tune in for more tips to guide your next deal!
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Scott Carson talks with Sarah Sullivan from Sugo Capital about her passion for helping investors along with her two-week Confident Investor Summit that you can grab a FREE ticket to at http://theconfidentinvestorsummit.com/sc.
Sarah Sullivan is the founder and owner of SuGo Capital, an investment company that connects investors to strong passive income via real estate. SuGo Capital consistently offers hands off investment opportunities available for both accredited and non-accredited investors. Sarah's passion in life is sharing her knowledge around real estate, investing and helping people advance on their path to building wealth. Sarah is the host of the Confident Investor Conference. SuGo Capital currently has over $240MM worth of assets under management with a track record of over 35% ARR for investors at exit.
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Starting low in real estate is a great way to establish your focus and gather excellent deals you can give a lot of time into. Scott Carson sits down with Gabriel Petersen from the Real Estate Investing Club podcast to share his journey as a commercial investor and how he went from wanting to be a lawyer to discovering real estate. Gabe shares his winding path from residential fix and flipper to commercial real estate investing with RV parks and self-storage facilities across the country. He also explains how he utilizes his podcast not only to share valuable real estate advice with his audience but also to expand his network virtually, especially in the middle of the restrictive pandemic.
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You might have heard a lot of success stories in the real estate industry and wondered if you’re capable of succeeding too. You won’t know until you try. In this episode, Scott talks with long-time investor and Realtor Jennifer Murtland about working with Realtors and the dos and don'ts when asking them to help you as a new investor. Jennifer shares her knowledge from being in the real estate business for 12 years, and she is a licensed agent in both Ohio and Kentucky and does business in Portugal. Listening to this episode will be good for you, especially if you are trying to invest in real estate!
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A strong real estate investing business needs to have a strong personal brand, especially when you’re just starting out. The act of just being on LinkedIn and networking can go a long way for your REI brand. Join your host Scott Carson as he talks with the host of the R.E.I. Branded Podcast, Paul Copcutt, about building your personal REI brand. Discover what it takes and some of the mistakes that real estate investors make when becoming full-time entrepreneurs or investors.
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Are credit myths ruining your chance at becoming fundable? Then it’s time to get educated and take a step towards fundability. In this episode, Scott Carson talks credit education and myth-busting with credit expert and the founder of Get Fundable, Merrill Chandler. Merrill and Scott discuss Merrill’s new initiative to educate people on how to get fundable and why busting credit myths go a long way toward this goal. Learn more about fundability and credit by tuning in.
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Relationships are key in making syndication investing work. In this episode of the Note Closers Show, Scott talks with real estate investor Jim Pfeifer about finding quality investments through syndications. Jim also shares his biggest failures and why he chose to be a passive investor instead of an active investor. Jim Pfeifer is one of the founders of Left Field Investors, a group dedicated to educating and assisting like-minded investors negotiate the nuances of the passive investing landscape and world of syndications. Jim believes the most important factor in a successful syndication is finding a sponsor that he knows, likes and trusts. Join in and learn how to make syndication investing work with Jim and Scott!
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Dealing with legalities is taxing, but it’s vital for the legitimacy of your business and the safety of your assets. That’s how Landlord Law School was born! Its founder Bonnie Galam is also the Founding Attorney of the Galam Firm. As a real estate investor herself, Bonnie helps other investors tackle different aspects of being a landlord, particularly the legal side, bridging the gap between lawyers and landlords. Bonnie tells host Scott Carson that the legal stuff could be much cheaper if only people were just more proactive in investing time, money, and focus. Listen in on this informative and eye-opening episode to learn more!
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Las Vegas is known for its glamorous casinos and nightlife. The city is also known for its thriving yet volatile real estate market. In this episode about the Las Vegas real estate market, Scott Carson gets to speak with Josh Galindo, founder and owner of the Galindo Group. Scott and Josh talk about the current market state in Vegas and what opportunities and challenges lay in wait for investors and home owners alike. Tune in for more real estate news and insights from Scott and his guests in The Note Closers Show.
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If the real estate market has gone to a terrible state, you must remember to go back to the basics of marketing and remember, you must always do where your passion is and what makes you happy. Tune into this episode as your host Scott Carson talks with Orange County Realtor and real estate investor Liza Florida about southern California's distressed real estate markets. Liza discusses her background in short sales and foreclosures and being a second-generation real estate investor. She wanted to help people, especially homeowners, by listening, educating, and serving them. She emphasizes that having a good relationship with them can eventually lead to sales considering she already has a big network of people in the real estate business accumulated through her 20 years.
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How do you maximize profits and reduce tax liabilities? By tax planning ahead. Scott Carson’s guest in this episode is CPA and fractional CFP Ron Fossum, the founder of Tax Plan Wealth. Ron talks with Scott about how tax planning is where all the savings happen. There are different ways for investors like yourself to plan ahead with taxes. The key is to play by the rules and understand the tax game you’re playing. But Ron also advises you to hire attorneys to help you figure out your tax plan. Running a business is complicated enough. You can’t handle all the responsibilities by yourself! So if you want to learn about the different tax planning strategies you can use, this episode’s for you. Tune in!
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How do you create a recession-proof REI business? In this episode, host Scott Carson’s guest is Chris Prefontaine, the founder & CEO of Smart Real Estate Coach. Chris shares with Scott about his past and present real estate investments. One strategy he used to screw-up-proof his business was to stop signing personal loans with banks. Unless it’s for a personal residence and you can justify a low loan to value. Do you want to know more strategies for safeguarding your business against market fluctuations? You wouldn’t want to miss this episode. Tune in!
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An impactful podcasting career goes more than just outstanding production, in-depth discussions, and prominent guests. Above all, a podcast show is highlighted by the host's skill to build rapport with the audience. Scott Carson talks with DJ Doug Sandler from the Nice Guys on Business Podcast about how he teaches other entrepreneurs to grow their network and influence through podcasting. He shares his five strategies for monetizing a podcast and providing valuable content no matter where you are. He explains why you have to focus on spreading your experience and knowledge across the popular platform. Doug also is offering a free class to help you launch and start your podcast. Sign up for it at http://turnkeypodcast.com/ncs.
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Social media platforms are very important in marketing and LinkedIn is way up there on top of the list. In this episode, Scott Carson talks with Anthony Jones from Ducks Unlimited about how he is using the power of LinkedIn to market the message and conservation issues for his business. Anthony Jones is the Director of Digital Media & Marketing for Ducks Unlimited, the world’s leader in wetland and waterfowl conservation. He also shares his best practices and the biggest opportunities for business owners and entrepreneurs to help grow their market and influence the social media platform with regular (and simple) content. He provides basic dos and don'ts, especially for someone who wanted to start building his brand. Tune in to help scale your business to the next level!
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How do you make better owner-financed notes? The key is to be reasonable with your offers. You’ll do better in the long run. In this episode, Scott Carson’s guest is Will Henning, the Vice President of Loan Acquisitions from the First National Bank of America. Scott talks with Will about creating, structuring, selling, and buying owner-financed notes. They discuss the pros and cons, what First National is buying currently, and how investors can broker their note deals for profits to FNACUSA.com. Want to learn more? Sit back and enjoy this episode!
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Join in as Scott Carson shares the ways to start your side hustle and transform that into your full-time success. Learn how to create a plan of action and runway to help you find success as a note or real estate investor. Listen to this episode as Scott shares his best practices and why it's important to start with the end in mind. Learn how to identify KPIs to help you map your way and keep you on track on your journey to success.
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Thinking that you can't buy notes from banks is a very misconception. It is entirely possible to buy notes from banks as long as you know where to look, who to contact, and how to contact them. In this episode of the Note Closers Show, Scott Carson discusses how to get banks to sell you notes and which banks will and won't sell one-offs to you. He also lists the different ways to find note deals along with the name of the department that handles debt sales. Tune in for more tips and tricks for the note space here.
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Never be embarrassed to learn from someone, a mentor or coach, that can guide you through the first part of your journey. Join your host Scott Carson as he talks with real estate investor and realtor Dan Rochon about the three keys to driving results in your business, team, and life. Dan Rochon is the Head Coach and Visionary at the Greetings Virginia Sales Network. He is also the author of Real Estate Evolution: The Ten Step Guide to CPI for Real Estate Agents. In this episode, he shares how focus and game planning one thing at a time is the key to consistent, predictable income.
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These days, there is an overwhelming amount of media and information that may confuse a lot of new investors just getting started. In this episode, Scott Carson makes it easy for you as he breaks down just three key things you should be doing as a real estate investor just starting out. It's all about how you market. Get the tips and tools you need to grow your network and your portfolio by tuning in!
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Are you marketing wrong? You’ll know you’re marketing wrong when you’re selling to earn the buck, rather than selling to give customers solutions. In this episode, Scott Carson’s guest is Randy Dickinson, a Marketing Automation Expert and the Founder of Dickinson Marketing Services. Randy talks with Scott about how being successful is not about you. It’s about getting to the point where you can help others. When you do marketing from this position, your customers will respond 10x better to your offer because they’ll sense that you genuinely care about helping them solve their problems, rather than looking at them as mere cash sources. If you want more nuggets of marketing wisdom, you’ve come to the right place. Tune in!
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Being the best version of yourself can be quite a selfish thing. But sometimes, in order to be the captain, you have to look after your own personal growth. If you are growing, then your business will follow suit. On this episode of the Note Closers Show Podcast, Scott Carson interviews real estate investor and realtor Jason Martin. Jason goes in-depth on his new best-selling book, This is Your Captain Speaking. Discover his journey to finding awareness and the life lessons he learned along the way. Be the captain of your ship and be the best version of yourself today.
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Despite being an industry focused on properties and paperwork, success in real estate favors those with a creative mind and a passionate heart. Having both of these characteristics, Dwan Bent-Twyford made it big in rehabbing and now transitions to subject to and short sales deals. Scott Carson sits down with America's Most Sought-After Investor and the host of The Most Dwanderful Real Estate Podcast Ever to discuss these kinds of deals (past and present) and why she loves them so much. Dwan also shares about her real estate classes and programs, as well as the inspiring story of what it's like to rehab an entire downtown in Iowa.
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Nothing is impossible if you want to grow and succeed. You can take action now. Join your host Scott Carson as he talks with commercial real estate investor Sam Wilson from the Bricken Investment Group on how Sam went from residential to commercial real estate investing, systematized, and scaled his business. Sam is an active investor in self-storage, parking, multi-family apartments, RV parks, and single-family homes. Tune in to learn the different aspects you need to know to scale in this industry!
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While mobile home parks often get a bad reputation, the truth is, they can be very profitable real estate investments. Although there are many challenges, with the right mindset and dedication, a mobile home park can be a prime source of cash flow. In this episode, Scott Carson sits down to talk with the co-founder, Investor Relations at Titan Impact Group LLC, and a mobile home park investor, Steve Wahl. Steve discusses how he got his start investing in trailer parks and analyzes the different challenges and opportunities present in the space. Learn more about this unique real estate space and what it takes to invest in it.
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Community is critical to human nature. Most of us don't even interact with our neighbors anymore because of all our riches. What more the homeless population. Not all panhandlers are pillagers and plunderers. Most of them just want a community, and that is what Alan Graham did. Alan is the founder of Mobile Loaves & Fishes, an organization that supports and is of service to the homeless. Scott Carson brings Alan to discuss what his company is all about. Learn what the Community First Village is about and how easy it is to be a part of. Find out how Alan is planning on building his community for the future.
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Marketing may seem so simple to think about, but that is not the case in the real world where people are bombarded with so many products anywhere. In this episode, Scott Carson interviews the CEO of MountainTop Data and host of The “If You Market” Podcast, Sky Cassidy. Together, they discuss marketing trends, the need to be creative, and why you have to continue marketing to attract clients. Sky shares how it doesn’t matter how cool or life-changing your product is; if you can’t market it, no one’s buying it. That’s why Sky despises Kevin Costner’s philosophy, “if you build it, they will come,” in the movie “Field Of Dreams” because it’s completely out of touch with reality. If you want to understand how sales and marketing work in the real world, then this episode is for you. Dive in!
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What most people think of credit repair is simply writing a bunch of letters and sending them to credit bureaus. They get overwhelmed with letters, and since they can’t keep up with the law, they delete them. Scott Carson’s guest today is credit repair, investor, and funding expert, Rondi Lambeth. In this episode, Rondi gives you a heads-up about the falsehoods of credit repair you should know. He also gives you a run-down of how they repair your credit. Oh, and did you know he offers his clients FREE credit repair? Listen to this episode for better credit standing. Dive in!
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If you’re looking to buy foreclosure homes in Texas, Jack Zagunis from 4Closure.info joins Scott Carson to explain about foreclosure auction and what buyers need to understand about these listings. Jack has 11 years of sales and marketing experience that will help when making a decision in selling houses. He tells Scott about the effect of the pandemic in the industry, what the future looks like, and how his company can help those who are interested in foreclosure auctions and listings in Texas.
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Special servicing is a tricky part of the note business, especially because you’re always dealing with distressed owners. Scott Carson’s guest today is a member of his very own We Close Notes team, Hazel Rivera. Hazel is a special servicing and management specialist. This episode touches on the best practices when it comes to negotiating with distressed homeowners on their loans. Hazel shares with Scott some of her favorite and least favorite case studies and what you can and cannot do as a note investor when it comes to borrower outreach. If this is something that interests you, then this episode is for you.
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If you’re looking for a hot real estate market to invest in, then Tampa, Florida should be right up your alley. With the low prices and resilience from the pandemic, the Tampa real estate is a great place to gain some profit. Scott Carson is joined by real estate investor and the founder of Torcana, Colin Murphy. Colin talks about his journey into investing in real estate, how he came to invest in Tampa, Florida, and the pros and cons of the market. He then discusses his investment strategies and fixing and flipping properties. What is more, Colin and Scott also talk about the need to borrow money to help scale your business and how you can effectively do that. Navigate your way into the Tampa real estate market in this episode!
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Facebook, Twitter, Instagram, TikTok, Linkedin, and now, Clubhouse. The list keeps on growing. As long as people are online, social media will continue to rule over the internet. However, if you're connecting for business-related things, which one should you focus on? Your guest today, Lyndsay Phillips, knows exactly where to focus on. Lyndsay is the President of Smooth Sailing Business Growth and the host of Smooth Business Podcasting. Join your host, Scott Carson, as he speaks to Lyndsay Phillips about the importance of building your brand online. Furthermore, they talk about online-content marketing, finding your clients, podcasting, and many more. Learn how to boost your credibility and authority online so that you can gain some exposure.
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There's no one coming with a magic wand to pay off your debt or put a check in your bank account every month. You have to help yourself in creating your own success. This episode’s guest is the real estate and self-help legend Dean Graziosi. Dean engages with Scott Carson in an animated conversation about how he overcame obstacles and setbacks to get where he is today. The best part? He shares what he would do in real estate if he had to start all over again so YOU will know what to do and what to avoid. Your journey to success starts right here. Dive in!
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The biggest misconception people think is that because you're on TV, you're making millions. Scott Carson’s guest on this episode is none other than the host of Wrestling With Real Estate podcast Barri Griffiths. Barri shares how he needed to find a tenant for his newly-bought expensive house when his contract with WWE was terminated unexpectedly. Down the rabbit hole Barri went, and he came out of it fully afire with passion for real estate. Case in point? No job is guaranteed. You need a Plan B and real estate is perfect for that. Want to know how and why? Click on this podcast episode. You’ll need the information!
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Are you looking for ways to leverage the power of YouTube videos in marketing? Want to learn how to create content that drive audiences and connections that take your real estate investing efforts to the next level? You’ve have stumbled upon just the episode for you. Scott Carson hosts Rob Balasabas, the Partnership Growth Manager of TubeBuddy, in this conversation that teaches you how to use video content to drive customer engagement. They discuss some of the easiest things to correct in your video marketing, best practices, and the power of TubeBuddy to help you maximize your reach and video engagement. Learn the best way to get people to watch and engage and how you can use that attention to your own advantage.
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While they share some things in common, the commercial side of real estate can be a wholly different animal than residential real estate. What do you need to know about commercial real estate before you jump in? Join Scott Carson as he discusses this with the President and CEO of 5T Commercial Real Estate and the host of the 5 Talents Podcast, Abel Pacheco. In addition to tackling the basics of commercial real estate investing, Abel also shares how he got into investing, how he transitioned from part-time to full-time investor, the sacrifices he made along the way, and how he transitioned from residential to commercial real estate. Learn the importance of networking in the business and learn how to know, like, and trust in order to raise capital.
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Scott Carson sits down with the wizard of getting things done and the author of Bluefishing, Steve Sims. In this episode, they discuss the difficulties of entrepreneurship, failing forward, and why failing is not a permanent situation unless you let it be. He said that to him, not taking action is scarier than taking action, and it’s something people should be more open to because by doing so, they are giving themselves the chance to fail and eventually succeed and make things happen. Join in on this conversation as you learn this very important lesson every entrepreneur must take.
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There are a lot of things that can go wrong with owner financing if you don’t know what you’re looking at. In this episode, Scott Carson breaks down why he is not a fan of using owner financing to sell real estate. He explains how it can cost you big in the long run if you don’t know your market, your asset, or your long-term strategy as an investor. If you want to avoid falling into the many traps of owner financing, listen in!
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Getting into the real estate business can be difficult. Not only can it be difficult, but it can also be overly serious and unfun when you think of all the numbers involved! But for Shaunn Jones and Will Rodriguez, the real estate business is their playground. Shaunn and Will are managing partners of Quoterage Inc. and the creators of their own YouTube channel and podcast called Cash Flow Generation. Join your host, Scott Carson, as he talks to business partners and rockstar investors, Shaunn and Will, about their path as note investors and how they are making a change for themselves, their families, and their communities through note investing. Find out how they use their social media expertise, especially in LinkedIn, to teach others how to create generational wealth through real estate investing.
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Have you ever been stuck in your career and wondered if you could just jump ship to another one? Especially if that career is all about real estate and notes investing. Well, you can! But the road won’t be an easy one. It takes a lot of discipline and passion for making it through. To go with you on your journey is Patrick Franz. Patrick is an entrepreneur and note investor. He turned all his unparalleled attention-raising capital, doing amazing things to the note business. He did not earn right away, but with enough passion and dedication, Patrick fell in love with the note business. Join your host, Scott Carson and listen to Patrick’s story as he talks about his discovery and passion for notes and how he dove into the deep end of notes.
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With the ongoing COVID pandemic situation, New York real estate investors are sizing up the current real estate market in the Big Apple and surrounding areas. Today’s guest is James Prendamano, CEO of Casandra Properties, Inc., Staten Island’s premier real estate firm. James discusses with Scott Carson how challenging it is to assess where the New York Real Estate market is headed because of difficult legislative processes. There's been a consistent shift of rights away from the property owner to the tenant on both the residential and commercial side. The question remains: where are the future opportunities for investors in the commercial and residential space? Tune in to find out!
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It is no doubt that the real estate sector got hit badly by this pandemic. With it comes a lot of distressed assets. If you are looking to pivot or tap into this space, then now is the time to do it. In this episode, Scott Carson talks with Juan Robayo from Stabilis Capital about future opportunities in the commercial real estate and debt space. Juan shares the different asset classes they like in terms of how they operate or originate loans and reveals effective strategies for financing and raising money. Taking us to what they do, he then discusses their note financing program and how they are helping investors take on the opportunities that come their way.
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A new administration means having to face big changes that are bound to happen in the real estate industry. In this episode, Scott Carson talks with Brett Swarts from the Capital Gains Tax Solutions to talk about the proposed tax plan and changes that Joe Biden is looking to implement. They also discuss the potential death of the 1031 exchange, long-term capital gains, and other potential changes that will affect real estate investors. Preparing for these, Scott and Brett then break down some tips and alternatives to tackle the shifts head-on while welcoming new opportunity zones to breakthrough.
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Despite the COVID-19 pandemic, a lot of wholesaling and investing has been taking place in South Florida, and it hasn’t slowed down. Scott Carson’s guests are Sharon Restrepo and Juan Restrepo from West Palm Beach. Sharon and Juan discuss how they've built a buyers and sellers list to help them find deals in their local markets. Join in the conversation and discover how Sharon and Juan are expanding to invest in an outside market. Leveraging time and establishing relationships with other real estate professionals are essential for your expansion, as this powerhouse investing couple learned right off the bat. If you want to learn more, don’t miss out on this episode!
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Investing can be fun until it’s not. But that is when you treat it so much as work that you lose yourself in the process. Scott Carson talks with Merrill Chandler from GetFundable.com about the importance of putting the fun back into your daily life and finding a balance between the hustle and bustle of investing or work. At the heart of it, Merrill reminds us not to lose sight of building a quality life as we are building our standard of living. He talks about the importance of nurturing our relationship with money, with bankers, and with our fundability. Join along to this conversation as Merrill shows you how you can make yourself more able and have more fun in life.
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Most people get the real estate bug and become addicted to its concept but don't actually make a move for it because of its seemingly overwhelming nature. But with the right strategies and planning, you can turn this into a passive income source, giving you a chance to hustle away. Scott Carson talks with Savannah Arroyo, dubbed as the Networth Nurse, about her journey as a new real estate investor and what she had done to find success in her first year, hitting a nice multi-family deal in Oregon. Savannah explains how she leveraged the power of the internet to bring her real estate venture across other states and even build her own brand through YouTube and podcasting. She also shares how she balances her life as a full-time real estate investor with her role as a mom, wife, and registered nurse.
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Everyone likes to think of their own city as the best place to invest, but there must be objectively better markets out there when you take a closer look at existing data. Scott Carson sits down with the CEO of Reventure Consulting Group, Nicholas Gerli, to talk about the top three factors that he looks into in choosing emerging markets for his real estate investing clients to target. He also shares information about his top growing markets and how he uses Census and Labor Statistics to pick emerging markets. Moving on into 2021 and beyond, the best-informed investors are going to be the winners in the coming years. Join in and learn where you can potentially make the most bang out of your buck in today’s real estate markets.
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Getting the right type of insurance has become synonymous with personal protection, and that's pretty reasonable. Still, many insurance pitfalls lurk around that may devastate your assets when you are caught off guard. Helping out in detecting and addressing such problems is Stephanie Saunders from United Claims Specialists. Sitting down with Scott Carson, she also talks about her professional experience in note investing, detailing the most important things to take into consideration when buying occupied or vacant commercial properties. Most importantly, she shares her philanthropy endeavors as the Founder of Suskind Foundation, which helps various communities respond and recover from all kinds of disasters, both natural and economic.
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It’s the holiday season, and on top of that, we’re in a pandemic. These two combinations make you vulnerable to distressing your credit without you knowing it. So what is the solution? How can we keep our holidays merry and bright without falling into this trap? Scott Carson talks with Merrill Chandler from Get Fundable to discuss the different ways to avoid distressing your credit profiles during the pandemic and holiday season. He taps into FICO, tier four lenders, zero low-interest rates, and more. Plus, Merrill then shares some advice for investors as they navigate the changing landscape of the country.
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The new year is right around the corner, and what better way to greet it than to make plans for your business and make 2021 your best year yet? Scott Carson sits down with business and entrepreneur coach, Marcia Riner, from the Profit With A Plan podcast and Trajectory Consulting. Marcia shares her five-step plan to profits and why a business plan needs to be updated on a regular basis with small adjustments as you progress. You don’t need to do all these things alone and struggle in silence. Join Marcia as she teaches you the basics of planning. After all, failing to plan is planning to fail.
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Note side hustle is a common thing nowadays. Nevertheless, not everyone knows how to balance it properly with a day job. Scott Carson sits down with side hustler expert, Kris McPeak, to talk about some of the best ways to manage your schedule when juggling a full-time career and trying to launch your note business. Kris shares some of her best practices and systems to help you achieve results by sharing her own experiences of working two jobs alongside each other without falling out on either one. And as the pandemic continues, she shares her thoughts on how those dealing with online schooling can still take advantage of the note business on the side.
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In this episode of the Note Closers Show podcast, Scott Carson discusses a current article from WalletHub discussing the top 100 cities in the United States that are seeing the most amount of distress and trouble in 2020. We discuss the cities that have the largest number of distressed borrowers, bankruptcy filings in the past year, distressed accounts, reduction in credit scores, along with online searches for debt and short term loans. The top 10 includes five cities in Texas which is what surprised us the most about this article. Here is the original article - https://wallethub.com/edu/cities-financial-distress/79863
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Calling banking companies aimlessly is one of the most tedious tasks any investor face, but what if you can actually make this endeavor way easier? In this episode of the Note Closers Show, Scott Carson breaks down the easiest way to build a bank asset manager list by downloading the list of mortgage bankers, mortgage companies, and loan servicing companies doing business in Texas by checking out the Texas Savings and Mortgage Lending website. He discusses how to use this list effectively to find deals from mortgage bankers all across the country and target business development reps at servicing companies.
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Most of the time, aspiring investors only look at the endgame, where they start to earn big and save big. However, the difficult part of building your network, understanding how the game is played, and learning the industry's ups and downs is totally neglected, which hinders them from hitting their home runs. In this episode of the Note Closers Show Podcast, Scott Carson discusses the need to build your experience and knowledge set before trying to hit a Grand Slam Deal. He discusses the importance of building foundational skills to start on the right foot and avoid looking like a fool in front of potential future deal flow.
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Let’s be honest. Due diligence takes time. Yet, it is something that we must all do. How do you make the process efficient? Scott Carson talks with the founder of NoteProz.com, JD Bates, about his amazing product and how it helps all real estate investors with their up-front due diligence. They discuss what and how it pulls data in seconds in what used to take hours, the asset management and reporting options, along with the website and marketing assistance that JD's team also offers. If you are an investor looking for an affordable tool to help you with your due diligence while saving time and money, then you'll want to look at http://NoteProz.com. Use code WCN20% to get a lifetime discount.
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Real estate investing truly opens up opportunities that allow you to leave a legacy. Many in the industry have, one way or another, walked a similar path as our guest—previously working an hourly job and eventually shifting into investing. Now, he has built a great life not only for himself but also for his family. Scott Carson talks with former truck driver turned real estate investor, Tyrone Sutton. Here, Tyrone shares his story of determination to turn his and his family's life around and how one blog and video helped give him the confidence to succeed. He then shares his journey and how he has changed three generations of his family's well-being by becoming a real estate investor. Follow along Tyrone’s career journey and gain some insightful wisdom on how you can also work your way towards real estate success.
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Real estate can be a challenging industry to explore and understand at first, but once you have a good grasp of it, it can be the most rewarding. In this episode of the Note Closers Show, Scott Carson talks with the President and CEO of Century 21 Realty, Mike Miedler. Mike shares his rules for success and why his 121% rule is key to finding success in today's market. He also explains how Century 21 has evolved over the years and dealt with helping his realtors and client pivot in the 2020 real estate market, particularly amid the devastating pandemic.
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What's the best entrepreneur mindset? Of course, it will always include achieving success and gaining better investments, but your passion must never be set aside. After all, reaching contentment is possible only if you are doing something you love. In this episode, Scott Carson interviews investment advisor Jesse Todisco from 46 & 2 Wealth Partners about finding the balance in investing, business, and mindset through self-care. He shares how he works with clients, his motivation, and his search for bettering oneself. They also talk about Jesse's masculinity movement and exchange some thoughts about the use of plant medicines.
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If you didn’t know yet, Scott Carson does a live stream of himself once a month at CallingBanks.com, where he spends four to five hours calling bank asset managers. On this episode of the Note Closers Show, Scott discusses some of the lessons learned from the different sessions that he has held over the past couple of months. He also shares some of the a-ha moments that students have shared with him when it comes to calling banks to find note deals. Haven’t been a part of these live streams yet? Check out CallingBanks.com and sign up for the next one.
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Ten years since its inception in 2010, the Hardest Hit Fund is finally going to end in December. What is the Hardest Hit Fund and why does it matter to note investors? In this episode of the Note Closers Show, Scott Carson discusses how the program works and which states are still offering this program for distressed borrowers. He also makes the case for why you don't want to focus on this program as a priority exit strategy for your distressed note business and portfolio. There is a way, however, to make the most of it while it lasts. Stick around for this extra strategy.
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Many entrepreneurs get stuck with the question, “What do I need to do next?” Most especially in this uncertain environment of COVID-19, it has become harder and harder to foresee the next steps to growth. Good thing that in this episode, Scott Carson interviews someone who is known as America’s Business Alchemist, Bill Prater. A business coach and consultant, Bill talks about the biggest things holding back growth with business owners and why replacing yourself is the fastest path to success. Sometimes, all we need is to let go and make our businesses learn to stand on its own. Follow Scott and Bill as they tackle how you can create a boss-dependent business so you can weather tough times and continue pushing for growth.
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Everything stays on the Internet. In a world where everyone is on social media, there are so many unknown dangers that we need to be cautious of. Scott Carson sits down with social media marketing expert Stefanie LaHart from Boomtown Marketing to discuss the social sleuth happening. With her new book, The Winning Number, they talk about the dangers along with the advantages of using social media to stalk your borrowers, investors, and other contacts. Plus, they discuss the need to adjust your settings when sending cash via Venmo and other ways to protect your identity and actions.
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Virtual summits are amazing opportunities to learn and have fun. On today’s podcast, Scott Carson interviews the Founder of Virtual Summits Software, Dr. Mark T Wade, about his Summit Talks Summit and how he is helping real estate and other entrepreneurs expand their reach and influence through virtual summits. Mark shares some of the things that he has learned from interviewing over 120 virtual summit experts who are sharing their strategies and secrets at his online summit.
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Not all note exit strategies are created equal. While each of them may have their own merits, they can have different net effects on your fundability. In their monthly episode together, Scott Carson talks with Merrill Chandler from GetFundable.com about how the ten different exit strategies with notes affect the borrower's credit and FICO scores. They discuss everything from mortgage lates to modifications, forbearance agreements, short sales, payoffs, loan assumptions, bankruptcies, and foreclosures and how you can use this knowledge to work with your distressed borrowers. Listen in for this extremely valuable and timely conversation.
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Can you imagine the things you could do if you owned your own bank? It may not be that impossible now that we have an opportunity to bank on yourself sitting right under your nose. Joining Scott Carson to explain this to us is Mark Willis, a Certified Financial Planner at Lake Growth Financial Services and co-host of the Not Your Average Financial Podcast. In this conversation, you will learn how to create and self-fund your own bank and retirement account that you can tap into for investments. You can stop being a slave to banks now and get your own source of tax-free funding! Listen in and see the amazing benefits this opportunity has in store for you.
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Making the shift from being an employee to becoming a business owner requires not only a drastic change in the way you work, but more importantly in the way you think. All entrepreneurs have to undergo this process of building an entrepreneurial mindset and it is those who nail it who have the greater chance of success. Scott Carson talks about this with Hungarian entrepreneur and mindset coach, Tibor Nagy. An architect by training, Tibor finds his true calling in coaching, catering to English-, German- and Hungarian-speaking audiences. Tibor is also the host of the Mindset Horizon podcast. As an added bonus to cap the episode, Scott and Tibor discuss the importance of content marketing and social media networking and where podcasting plays into all of this.
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Do you want to become a 10x10 pro, earning $10,000 a month in passive income? Then this episode is perfect for you. Scott Carson talks with long time real estate investor and speaker, Bill Barnett, about this 10x10 model to create massive income, massive contribution, and massive fulfillment with your real estate investing. They also discuss the current market, the power of having Uncle Sam as your client and tenant, and why coachable investors find success. More than making a profit and achieving success, Scott and Bill also share how you can give back to your community, making a great living not just for yourself but helping others in the process as well.
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The year 2020 has not been the easiest for the most part. The real estate industry is not immune to all the negative energy going on with the politics, the pandemic, the unemployment, and all the other challenges. We can't help but think, is there a silver lining for the second half of the year? A lot of the craziness and chaos actually means opportunities. In this episode of the Note Closers Show, Scott Carson discusses the current state of affairs in the note and real estate markets and what he believes is on task for the second half of 2020 and beyond.
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With all the crazy things happening right now, it is not anymore a surprise to find ourselves in a massive financial institution pivot. Yet, not many people are catching on. In this episode, Scott Carson is joined by our regular credit Messiah, Merrill Chandler from Get Fundable, to talk about how to leverage bank lines of credit for higher returns. Merrill shares how banks are working to offset their bad loans by adding new lines of credit and approving business loans for clients who are responsible lenders. They also discuss why FHA loans have higher default rates and why the banks get upset when commercial loans go above 70% LTV.
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Nothing beats good customer experience in promoting your business. When customers feel that they are being taken care of by a company, they tend to generate repeat business and referrals. However, customer experience isn’t just a buzzword. It is a whole system in itself with a number of moving parts. In this episode, Scott Carson interviews customer experience and service expert and bestselling author, Adrian Brady-Cesana, who discusses the four pillars of customer experience and how you can optimize each to create what could be the greatest revenue-driver for your business.
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There’s an inside joke in professional football that NFL stands for “not for long” because when the time comes for you to become an indefinite free agent, you definitely have to start thinking about how to pay your bills and feed your family. For offensive tackle Willie Smith, the solution was in professional real estate investing. Starting in residential properties, Willie shifted to commercial real estate and eventually founded his own company, Onyx Capital Investments, in 2019. Sitting down with Scott Carson on the show, he talks about diving into investing and becoming a real estate broker in North Carolina after a career in the National Football League. Real estate is a whole new ballgame for Willie, but it didn’t take him too long to get a hold of his ropes and become successful. Listen in for some tips as well as some market updates from North Carolina and other states.
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One of the most powerful things that you will develop as an entrepreneur is your personal brand and what you're focused on. Scott Carson’s special guest today, Chris Hines, is the host of the Personal Branding Playbook and the creator of The Milestone System. He's been podcasting and developing brands for over six plus. Today, they discuss The Milestone System and how you should not only build your personal brand or business, but also set your goals properly and create the life that you desire.
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Louisiana is one of the states that are most badly affected by the COVID-19 pandemic, and the real estate market has really felt the brunt of the crisis. With the current rate of foreclosures – among the highest in the nation – short sale deals are starting to increase, but many investors are backing out because of market uncertainty and high rates of delinquency and forbearances. Scott Carson gets into the details of these significant developments with Cecil Rose, a real estate agent and investor who has specialized in short sales and other creative financing strategies for the last nine years. Focusing on the New Orleans and Baton Rouge markets, Scott and Cecil discuss the current state of the Louisiana market, what investors are looking for and what the future holds. It will be a rough ride for the Bayou State, but there might still be opportunities if you know where to look for them.
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If you’re looking for a real estate market that is doing quite well despite the pandemic, Austin, Texas is way up there on the list. With relatively low unemployment and default rates compared to other major cities, and a skyrocketing demand for real estate, Austin is a good place to invest. Scott Carson treats us with a peek of the hard money lending and market statistics of this real estate hotbed with local hard-money lender and investor-focused realtor, Aaron Trevino. In this episode, Aaron tells us why he is optimistic about a healthy market for fix/flip deals and new construction in the city. He also walks us through some of the due diligence you have to perform if you’re in new construction. If you’re anywhere near Austin, or if even if you’re from another state and want to get a piece of the Austin boom, this episode is a good place to start.
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One of the great struggles among investors and entrepreneurs is getting to the good side of banks so they can be funded. It’s time to remove that barrier and get the lines of credit you need now. In this interesting discussion, Scott Carson interviews Merrill Chandler from Get Fundable about how he and his team are helping real estate investors and entrepreneurs secure business lines of credit from banks without having to build a long relationship. Sometimes, we just don’t have all the time in the world to get chummy with these institutions. Listen to Scott and Merrill in this episode to know more about how you can become more fundable, get qualified lines of credit that you can use for your deals and a whole variety of things.
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The COVID-19 pandemic has forced us to leave behind our old ways and adapt to the new environment. Those who fail at doing this may find themselves getting drowned out of the market. It is time to pivot your business. In this episode, Scott Carson talks with Aaron Young from Laughlin Associates about some of the items that business owners and entrepreneurs have to start doing to take advantage and win at the new game with the pandemic. So don't miss the opportunity train. Join Scott and Aaron as they remind you that you have the power to thrive even in this uncertain time.
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World-famous for its delicious cheesesteaks, Philadelphia has reopened after its momentary pause due to the COVID-19 pandemic. Philadelphia, colloquially known as Philly, is the largest city in the US state of Pennsylvania. On today’s podcast, Scott Carson talks with realtors Matt Tallent and Jesse Johnston about the Philadelphia real estate investor market. Matt and Jesse are the co-hosts of the How Real Estate Works podcast. Want to know if it’s the market you should invest in? Then stay tuned.
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With the COVID-19 pandemic pushing us inside our homes, going virtual has become the way to-go to continue working. Still, many are hesitant to take this route, not being familiar with it all. Taking away your worries and concerns, Scott Carson talks to Michele Chochrek-Ransons from Vantage Point Title, Inc. about their nationwide service of title and closings to investors all across the country. Michele shares with us the work they have been doing, especially when it comes to providing virtual closing concierge services to people. She breaks down some of the misconceived notions about working with a virtual company and gives us a view of the processes and procedures of integrating technology into your business. Follow Scott and Michele in this episode to find the courage to take a leap into the virtual world before you get left behind.
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In this time of uncertainty, the only thing that we can really hold on to is the future—looking out for the things that will push us to get through this pandemic. One of the areas that we can look forward to is the commercial mortgage investment market. In this episode, Scott Carson interviews Michael Jimenez, the CXO, founder, and loan sale blackbelt of Xchange.Loans, about the current commercial note market and where he sees the future of distressed notes heading. How does somebody get into buying loans from sellers? Where would you invest your dollar in right now to seek safe returns? Michael answers these questions and more, sharing more details about the real estate market and how you can grab the opportunities before they pass you by.
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The Atlanta market is the hotbed of real estate deals. Although many investors love to invest in the area, there can be a couple of tricky little things that show up and will need careful attention. Scott Carson invites someone who is killing it in what she does to impart with us some helpful tips and tricks on navigating this market. He interviews long-time real estate investor, broker, and coach, Amy Ransdell from the Powerhouse Real Estate team, to talk about the Atlanta, GA real estate market and where she sees the opportunities lie. She also discusses the current trends, how the COVID-19 is affecting the market, and where she sees investors struggling the most. Diving into the systems and strategies to overcome what investing curveballs could come your way, Amy then shares the Four Steps to Efficiency, the follow-up process, and the kind of mindset you have to get into to succeed.
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Considering the current circumstances we’re dealing with the pandemic, it would be natural to think how short term rentals are probably one of the worst affected areas in real estate. With travels put on hold, people are opting to stay in their homes, which leaves many investors who are managing short term rental properties quite stunned. In this episode, Scott Carson invites Avery Carl, a real estate investor, realtor, short term rental expert, and CEO and founder of The Short Term Shop, a real estate team that helps investors acquire short term rental properties in the most recession-resistant markets—which is just what you need in today’s world. Avery talks about how they are able to do that, laying down what makes up an ideal market for short term vacation, VRBO, and Airbnb rentals. She further discusses the biggest mistakes investors make when getting into this space, the characteristics of the best market to invest in, the automation tools to help with property management, and more. Listen in to Avery and Scott as they detail more about short term rentals and achieving that Airbnb success.
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Real estate tends to be a very male-dominated industry that it can be very difficult for many women investors to break in and make a name for themselves. It is time to change that, especially as more and more women are taking over the investing space. In this episode, Scott Carson talks with real estate investor and the host of The Real Estate InvestHER show and community, Elizabeth Faircloth, about what it is like for women to get into real estate investing. Liz shares her start, struggles, and passion for helping other women succeed in the real estate investment space, shedding light on the ways she overcame obstacles common to women investors. What is more, Liz then talks about the current COVID-19 pandemic we are all facing, giving insights on how it has changed the space and what investors can do to see it through.
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With too much competition around, it can be so easy to fall into the trap of going too fast before we ultimately spin out of control. Then again, it helps to be reminded that slow and steady always wins the race. In this episode, Scott Carson brings over someone who has championed this approach to real estate. He interviews real estate investor and host of the Real Estate Investing for Women podcast, Moneeka Sawyer, about how she built a multi-million dollar real estate portfolio from $10,000 against all tides. She talks about remaining blissful even when her properties went completely upside down and how she managed by building a long-term wealth strategy and not the get-rich-quick. Tune into this conversation as Moneeka shares her focus, niche, and best practices that she has instilled in executive housing and overcoming market swings.
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Content marketing can be a tough but rewarding exercise, and it’s something that you might want to consider as a real estate investor. How do you go on about it? Is there a formula you can follow? Where do you even start? Scott Carson takes on this topic as he interviews Lyndsay Phillips from Smooth Sailing Business Growth and Real Estate Investor Marketing. In an insightful conversation, they discuss some strategies real estate investors can use in marketing and creating content to expand their reach and client base. Lyndsay is the go-to content marketing expert who helps her clients attract and convert customers faster through a unique strategy that relies on a comprehensive vision of the ideal client and marketing yourself as the business owner. At the end of the day, people deal with people. Let Lyndsay show you how to build your marketing strategy from that fact to the benefit of your REI business.
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Property management may not be the most profitable space in the real estate industry, but someone’s got to do it, right? Luckily, real estate investor and property management expert Dan Butler figured out a way to bring profitability back to property management – by building a virtual team with teammates working remotely. Through this virtual team strategy, Dan went from being a solopreneur trying to do it all to building his own business, CrestCore Realty LLC, which relies on virtual assistants and systems. As a business owner, you are often the most productive person on your team. With the virtual option, you can delegate most of the back office work to your remote team while you focus on the things that you need to worry about the most. Learn how Dan does just that in this interview with host, Scott Carson.
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When you look closely at the demographics, it is a safe bet that multifamily real estate will continue to be a lucrative property class for years to come. Exactly where and how do you find the best deals in this space? What should you look for in an investment deal? Chris Larsen, the Founder and Managing Partner of Next-Level Income, gives us some of his ideas on these questions. With over twenty years of experience in investing in and managing real estate, Chris knows his way around the industry. As you listen to him talk with Scott Carson on the show, don’t miss out on the very important nuggets he imparts and learn how you can take a slice on the lucrative multifamily space in the next decade.
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If you’re a veteran, you’re probably familiar with the VA loan. What you may not know, however, is that you can use the VA loan not only to buy a single-family home but a four-unit property and do some house-hacking. In this episode of the Note Closers Show, Scott Carson interviews Kevin Brenner from the Active Duty Passive Income Podcast about the VA loan and the power it offers military families and investors. Tune in to learn how you can buy up to a four-unit property where you can live in one and rent out the rest of the three and cashflow.
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Niche markets in real estate can have widely differing rates of returns depending on the state or county you are investing in. For real estate investor, international speaker, trainer and philanthropist, Mike Wolf, Harris County, Texas is the best place to do tax lien investing, owing to a beautiful combination of high property taxes and a unique auction process that favors bold investors who are willing to do more due diligence. Mike has been investing in real estate for over three decades, completing thousands of transactions with his teams in both the US and Canada. In all these years, he has learned the things that really matter in what he does: a good team, a good grasp of the property and the willingness to do due diligence. He is an expert in finding the most profitable deals in auctions – a skill which he now shares with his students in his Tax Lien and Deed trainings. He now joins Scott Carson to talk about investing in Texas tax liens, specifically in Harris County.
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The numbers we have out there right now can be scary, and it is tempting for many people to have knee-jerk reactions which can ultimately hurt them in the long term. In this episode, Scott Carson sits down with the Credit Messiah, Merrill Chandler, to make sense of the numbers in unemployment, business defaults, and mortgage defaults and what these mean for the future. Merrill is a high-performance personal and business fundability coach at Get Fundable.com and the Get Fundable podcast host. Scott and Merrill trade insights and explain how you can hack your fundability and maintain healthy relationships with your lenders during this crisis. They see a lot of opportunities amid this crisis, but only if you know when and how to act. Right now, too many people make decisions that will sully their credit lines and hurt their relationships with their lenders. Listen and learn how to avoid these pitfalls.
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Many of us have dreams that are left unshared, that we tend to hide away, and that we only keep to ourselves. Unfortunately, these are the very dreams that don’t get realized. If you want to fulfill what it is that you truly wish, then perhaps letting it out and asking about it could be the answer for you. Taking us further down into the reasons sharing your dreams matter, Scott Carson talks with not one but two very special guests, authors Crystal Dwyer Hansen and Mark Victor Hansen. Together, they share with us their new book, Ask! The Bridge from Your Dreams to Your Destiny, which highlights the act of asking as the only language by which the Universe can deliver a solution, understanding, illumination, or plan so we can reach our dreams and fulfill our destinies. Join in on this episode to learn the three channels that are important to understand in the asking journey—asking yourself, asking others, and asking God—and to find the courage and inspiration to close the gap between your dreams and your destiny.
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With the real estate market, there is definitely no one-size-fits-all. The strategies that could work in one may not work in another. That is why you need to be apt about what goes on in the market that you choose to be in; otherwise, you’ll find yourself treading in troubled waters. In this episode, we zone in on the San Antonio real estate market in Texas. Scott Carson talks with San Antonio, Texas real estate investor and realtor, Josh Boggs of eXposed Homes, to expose the San Antonio real estate market. Where do the opportunities lie? What trends are coming up? How can San Antonio be a great investment for investors? Josh answers all of these questions and more while providing some great tips that can help you rise against the tide of this hot market, most especially in this current COVID-19 pandemic environment.
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Not all wholesale deals are home runs, especially when you’re dealing with distressed properties. Sometimes, however, an investor can get excellent returns by getting creative. Scott Carson shares the story about one of his first wholesale deals that started as a distressed note where he got creative and made $40,000 from a $100 option fee. Scott’s experience is an eye-opener for all beginner investors to start educating themselves about the different options they can take to win in a deal. Listen to the story and take away some lessons that you can apply as we enter a whole new market in the second half of the year.
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While watching some hit TV shows like Hoarders and Hoarding: Buried Alive are enjoyable, very few people would actually consider purchasing a hoarder home. Who would want a property filled with mountains of junk, infestations, and other issues? In this episode of the Note Closers Show, Scott Carson discusses his first ever distressed homeowner appointment that turned out to be a hoarder house. One thing he learned from his friend is that the smell of poop and piss is the smell of money. Tune in to discover if you agree.
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In real estate, there’s always a lot of upheaval going on. We can learn a lot about what’s happening right now by going back years behind us to take a look at what happened in the past. In this episode, Scott Carson breaks down some of the lessons learned from his first rehab deal when he was starting out. He also shares what he would do differently now and why you don’t need a partner.
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If you’re a real estate investor in distressed assets or something you’re looking at, there will be many deals. You just got to put the work in to make things happen. That includes dialing for dollars – making phone calls to asset managers over and over again and working through lists of banks and asset managers off a couple of different sources. Today, Scott Carson breaks down some of the simple tools and tactics that he has used for over a decade when calling banks to find distressed and performing note deals. He also shares how he systematizes his calls and follow-up to maximize his schedule.
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Everybody likes a good deal, but often in the excitement of seeing what seems to be a great opportunity on paper, we forget to comb through the finer details. Eventually, when it’s too late, all the red flags suddenly start popping up, and it turns out your note deal was actually a dud. Scott Carson breaks down how to identify a genuine note deal from a dud. He goes through the laundry list of things to look for when reviewing different lists or tapes of notes from lenders. Remember: Not every asset on a list is a deal depending on the whole situation and due diligence of the note, so it’s imperative that you stay vigilant.
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There is no denying how Star Wars changed the world. Be it in film, business, or other parts of our lives, its lessons continue to penetrate and become that guiding star. In celebration of May fourth, Scott Carson takes Star Wars to note investing, talking about the note force and everything great that comes from this space. He discusses the different ways that investing in notes beats REO and fix and flipping investing while addressing how real estate has been affected in these tough times. He further breaks down how, in notes, pricing is better, there are more deals, less marketing costs, more strategies, and higher returns on investment and time. If you are looking to get into this space, then this episode is a treat for you. So go and use the note force that is ready for the taking, and May fourth be with you!
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Things are going to change a lot once we come out of this chaos, opening up a lot of opportunities for those willing to seize them. Better things are sure to come. We need to be able to set our goals when things get back to some semblance of normality. Using an arsenal of baseball analogies, Scott Carson discusses what we can expect in the second half of 2020, as far as solid and profitable deals are concerned. The world is full of opportunities, even in times of crisis, and there is no reason to despair or accept defeat. Scott encourages you to make a list of the things you want to accomplish so you can be ready when life throws that curveball at you.
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Working in real estate is not exactly a walk in the park. Just as with any other career, little stressors can easily set us off and rob us of our internal peace. This is especially true now, as we go through stressful times. How can we find peace in this chaotic world? Joining Scott Carson on the show, Regena Ozeryansky gives us a few tips on how you can achieve this with relative ease. Regena is a real estate investor, active realtor, certified yoga instructor, Reiki master, and Soul Language practitioner. She considers herself an internal peace revolutionist, helping individuals and families live with more purpose, passion, and inner peace. Listen to her incredible insights and be on your way to a blissful life.
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In the face of the overwhelming COVID-19 pandemic that we are all facing now, the best thing we can do is remove ourselves from fear and panic and look into what we can do to come out of it safe. In this very necessary episode, Scott Carson talks with Merrill Chandler from Get Fundable to shed light on the ways we can thrive, survive, and prosper in chaotic credit times. He shares the three fundamental principles you need to keep in mind to not only get out of the mess that is coming but also pivot to become profitable. Merrill then shares what you should and should not do with your credit profiles to protect your assets. Prepare yourself for a soft landing in these treacherous times with this great conversation.
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If you’re a real estate investor, odds are, you’re at home trying to figure out what to do during your staycation instead of just sitting around and waiting for things to run their course. Now is the perfect time to focus on taking further steps to market your real estate business and be one step ahead of everyone else when the market opens up. In this episode, Scott Carson breaks down the five things that every real estate investor should be doing now in their real estate business and marketing. Each of these things will greatly increase your chances to thrive and stay on top of the post-crisis market. Make sure to take some time to listen and take notes!
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Nobody knows what the marketplace will look like as we emerge from this chaos we are experiencing. However, one thing is for certain: the market will be populated by entrepreneurs who found their profitable pivot and used it to stay relevant. To be one of these people, you need to start thinking about how to turn your business around and stay on top of things. Aaron Scott Young of Laughlin Associates talks about these things as he joins Scott Carson in the podcast. Aaron sees a profitable pivot as something every entrepreneur should understand and put to practice, whether there is a market crash or not. Listen and learn about what sets the most successful entrepreneurs apart and how you can apply these principles to your business.
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Is there a secret formula to finding success? How does it work, and does it work for you? Scott Carson talks with American filmmaker, motivational keynote speaker, and best-selling author, Dr. Greg Reid, who spills his secret knock to overcoming obstacles, discovering opportunities, and finding success. With decades of success in business, filmmaking, and authoring books, Greg sees the world as a place of unlimited opportunity, even during times of apparent hopelessness. His positive energy is something people need today as they take blows from the current crisis. Listen in and discover what it takes to be a champion in life and your business.
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Are you wondering how the recent SBA legislation affects you? Many might not understand what it means for them in the long run, but all this new legislation may just be the windfall your business needs in these trying times. Scott Carson talks with Jason Byrd from the Byrd Law Firm and the Byrd Chronicles Podcast about the recent SBA legislation and what it means for small businesses. Make sure you don’t miss out on this chance to take the first step towards keeping your business thriving post-pandemic.
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When someone goes into real estate investing, mobile home parks and parking lots aren’t exactly the first things that come to mind. A mere decade ago, the industry was composed of a few small, scattered players. Today, however, we see bigger companies starting to see the investment value of these properties and the decent returns they provide. Scott Carson talks with real estate investor Kevin Bupp of Sunrise Capital Investors about this type of real estate investing. Kevin has been working in this misunderstood niche for sixteen years and has seen nothing but good years during that time. Listen and learn why investing in mobile home parks and parking lots is so underrated.
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Are you stuck with an unprecedented amount of time in your hands in this chaotic time? Now could be the perfect opportunity to reassess yourself and discover your inner superpower! Life coach Michelle Pierson Young shows us some of the different ways we can do this as she joins Scott Carson on the show. With her 30 years of experience in helping people, Michelle’s perspective on the subject is extraordinary. We may not get an opportunity such as this again. We might as well use it to fix ourselves, discover what is good in us, and use it to help others. Listen in for more.
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Marketing for real estate investors has never been easy in the first place, and now marketers are faced with the challenge of staying on top of the dense new media landscape. Video content marketing can seem intimidating, but it doesn’t need to be so. What you need is for results to drive your content, and the rest really matters less than you think. Scott Carson interviews Josh Culler from Culler Media about some of the effective ways for real estate investors to market using video. Josh sees video content as a great way to widen your reach, increase your leads, and convert those leads into deals that will make money for your business.
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Bookkeeping and accounting your business and even personal expenses can be challenging tasks, especially when you are not adept with the process. With the help of bookkeepers and accountants, you can ease your burden, file your taxes ahead of time, and move on with your business. Here to talk with Scott Carson about getting financial matters in order is bookkeeper and podcaster, Emma Dawn. Emma is a licensed financial professional and is the woman behind EDJ Consulting. Listen to her as she puts QuickBooks in the spotlight as one of the best ways to put your books in order. She also talks about how to hire a virtual bookkeeper to help you in your small business or note and real estate business.
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There is a lot of anxiety in the market right now, especially when it comes to putting your cash in the right box. Pandemic investing is a necessary skill that entrepreneurs and real estate investors need to prioritize today. In this episode, Scott Carson talks with real estate investor Jason Hartman about the future of their industry, highlighting the repercussions of the coronavirus. Jason is the Founder of Platinum Properties Investor Network and the host of the Creating Wealth Show. With his business scope, he gives his prediction on what segments will be popular and which areas you should invest in. He also talks about some good things that developed for the domestic economy, such as bringing more jobs back to America.
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Believe it or not, you can travel the world at super discounted airline ticket rates using your credit card points. With an Amex or Citi card in your wallet, you can start your quest for increasing points and enjoying freebies thereafter. Today, Scott Carson talks with his long-time friend and note investor, Jack Krupey. Jack is a Principal at JK Asset Management and the Founder of Gemini Capital Managers. He talks about how he has utilized his travel and credit card points to gamify his travel with his note and real estate business. He explains how he leverages the value in what the major credit cards offer in multipliers. Learn more from Jack as he reveals some of his tricks to winning in the credit card point game.
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If you are interested in the Dallas market, it pays to talk to the right person, someone who knows the market in and out. Today, Scott Carson talks with Dallas-Fort Worth area real estate investor and realtor, and owner of Texcel Real Estate, Jer’Leigh Thompson, about the current state of the Dallas real estate market and what’s working for investors. Everybody can make money in an upmarket, but Jer’Leigh has been around since the last downturn in 2008, 2009, 2010, and 2011. She discusses the importance of getting deals that pay off and worthwhile buyers, and introduces us to ITIN buyers – including how they can benefit your business. Learn more about Dallas and how it is currently performing in the midst of the Corona pandemic.
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Want to gain marketing tips as well as clarity and direction on how to showcase your business? On today’s show, Scott Carson sits down with realtor and productivity coach Krista Mashore to discuss the 8 C’s of conversion and how everyone has the ability to connect and convert on a higher level by utilizing social media and video to create content that is direct and purposeful towards your ideal client. Krista is the author of several books, including Sell 100+ Homes A Year and F.I.R.E. Financially Independent Retire Early. She is also the owner of Krista Mashore Coaching and the host of the F.I.R.E.D. UP podcast.
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Because the real estate industry is so people-oriented, establishing relationships with others in the same community is as much a part of the job as any other part. The Realty411 Expo was founded on this same principle – for bridging people as well as any knowledge gaps about specific skillsets or subject matters that are best imparted by experts. Scott Carson chats with Linda Pliagas, the Founder of Realty411 Magazine, who hosts the Realty411 Expo. Together, they talk about the impetus for an event of this magnitude for the real estate community, and what potential attendees could pick up from attending. Whether you’re looking to build relationships in the real estate community or you just want to expand upon your knowledge base, the Realty411 Expo is the place to be!
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The ability and opportunity to enter joint venture opportunities is a surefire sign that your business is steadily on the climb, but you may not realize how much homework goes into making these opportunities into something concrete. Partnerships will not always flow so easily, so you need to make sure you’re equipped to handle everything that’s coming your way. Scott Carson speaks with Jay Fiset from Mastermind to Millions and JVology.com. Together, they discuss finding joint venture opportunities for your business. They run through the gamut of affiliate opportunities, referral marketing, and the importance of having upstream and downstream relationships to drive business and multiple levels of income. They also speak about the 10 x 10 model of having referral partners for your clients and students.
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Phoenix real estate never runs out of properties up for grabs. In getting the best deals, talking to the right people can bring you the real deal. Today, Scott talks with Mark Andersen, George Aplicano, and Alberto Ceja from Cash Now Homes and the Money Making Money Podcast to talk about the real estate investment market in Phoenix, Arizona. They discuss market trends, timing, foreclosures, price points, and what’s working for this team. They also share best tips and practices for their community of real estate investors investing in the Phoenix market. Eyeing for a property in Phoenix? Cash Now Homes can surely help you get that dream deal!
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An integral part of being able to push forward a product or a message is expanding your reach to include more people on more platforms. There are, now than ever, more platforms out there that give you even more opportunities to expand your audience in different ways. Today, Scott Carson speaks with Dr. Mark T. Wade of VirtualSummit.com. Dr. Wade shares his experience and expertise in the online summit field about why it’s easier than ever to expand your audience reach and monetize your message with virtual summits.
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Nowadays, there are times when people would be able to get away from the consequences of the things they did because we don’t hold them to a high enough standard to make sure they understand the gravity of what they’ve done. However, creating a culture of accountability is not only for the people around you, but also for yourself – you hold yourself responsible for your mindset, and thus, your success. Mike “C-Roc” Ciorrocco is a motivator, facilitator, dynamic public speaker, and the host of his own podcast. He speaks to Scott Carson about overcoming obstacles and creating a culture of accountability. Together, they talk about how Mike overcame early hardships to become successful, and how a positive mindset and success can be created in little actions everyday.
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Miami real estate is a much more different ball game than one might expect. The Magic City – and former home of LeBron James in his time with Miami Heat – is a little bit quirky in terms of real estate, so there are quite a few things you’re going to have to get used to. Sarah Elles Boggs is a real estate agent and investor who started out in Austin, Texas and made her way to Miami, Florida. With Scott Carson, Sarah shares some of her insights and experience in the Miami Beach and Brickell areas of south Florida, along with where the market is at currently. She talks about her experience in the condo, fix and flip, short sales, and REO markets along with discussing foreign investors investing in the area. She also discusses short-term and Airbnb rentals and why she sees opportunities in Broward and Miami-Dade Counties.
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There is no downplaying the effects of Coronavirus all over the world. It is disrupting so many lives and straining almost all business sectors. Situating this current event to this episode, Scott Carson discusses how the Coronavirus pandemic has affected the note and real estate industry. He breaks down some of the things to watch and look for in your note and real estate investing business, and why, amidst all the chaos and panic it has caused, it is important to stay calm and work with your borrowers and tenants.
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In most cases, retirement money is squirreled away, untouched until its owner comes of a certain age, but the thing with that is that money could be used a whole lot more productively. The primary case of this is with real estate, where retirement money can be put in and invested, even if you’re not quite ready to dip too much into your retirement fund. Dan Kryzanowski is an active real estate investor who also work at Rocket Dollar. Joining Scott Carson, Dan talks about self-directing your investments, the podcast, his interest in self-storage investments and how you can invest in some large projects using the Rocket Dollar self-directed IRA or solo 401(k) if you are self-employed and some specials for opening a new account.
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Failure is an inevitability in life, and no, that’s not a bad thing because these failures can – and should – be taken as goalposts that tell you it’s time to make a change. Overcoming failure is such a vital skill in becoming successful, and while it may not be instinctual to everyone, it is a skill that can be learned and developed over time. Scott Carson speaks to Christopher Wirth, an entrepreneur, financial advisor, and motivational speaker. Christopher is also the host of his own podcast, No Quit Living, about overcoming obstacles and finding the motivation to continue on in your journey. Learn how to channel that resistance that will stop you from ever quitting on your way to the top.
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While there are many good people in this industry, there are still some out there who are willing to take advantage of us. Especially in the credit world, there are so many schemes that go undetected. That is why you have to know what you’re getting yourselves into before jumpstarting on anything. Scott Carson has Merrill Chandler from Get Fundable in this episode to discuss some credit myths. He breaks down even those unthought-of and unbeknownst falsehoods in the industry, including credit lines, debt consolidation loans, and other credit misconceptions. Learn about some tips and tricks to overcome these myths. Let Merrill’s guidance help up your fundability game.
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Seniors selling their homes is a part of normal life stages in this modern world. It is when they must move to spaces that are well suited for the demands of their age and capacities for their activities of daily living. In this episode, real estate investor and CEO at Mom’s House, Phillip Vincent, joins Scott Carson to discuss how he and his team are working with seniors and families of seniors to help liquidate and sell their unwanted or lived in homes. Phillip discusses the mindset, some interesting case studies, and how this niche of real estate investing can be a true win-win for you and the homeowners who need to liquidate their property to pay for senior care facilities and new living arrangements.
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What is a deferred sales trust and how can help you avoid more taxes? Today, Scott Carson and Brett Swarts from Capital Gains Tax Solutions talk about the Deferred Sales Trust and why it might be an ideal tool to replace 1031 Exchanges. Brett discusses the mechanics of the transaction, who it might be the ideal tool for, and those who aren’t a fit for it. Don’t miss this episode to learn how to avoid capital gains taxes while still having control over your investments.
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Hiring virtual assistants can be a daunting process especially when it comes to screening someone who can be with your team long term. In this episode, Scott Carson sits down and talks with Bob Lachance, the owner of REVA Global LLC, to discuss their method for hiring virtual assistants for their real estate investing business. Bob is a nationally recognized speaker, mentor, and trainer who specializes in helping customers build their businesses through automation and outsourcing. He shares the four R’s (Roles, Responsibility, Requirements, and Results) when it comes to finding and using a VA. Discover how you, too, can have a champion VA by tuning in to today’s show.
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One of the reasons many of us work hard as entrepreneurs is to have the means to soon travel the world to our heart’s content. But have you ever considered the possibility of being a traveling entrepreneur? In this episode of the podcast, Scott Carson interviews digital nomad, location independent entrepreneur, and host of The Business Method podcast, Christopher Reynolds, about being a traveling entrepreneur and how to achieve that. Chris helps entrepreneurs and business owners grow and expand their businesses by implementing high-performance business methods in their professional and personal lives. He shares those methods with us, along with the story of how he overcame the financial crash of 2008. He lets us in on his journey from there to being an international traveler non-dependent of location while growing his business and entrepreneurial mastermind. Pick up some great lessons and insights from Chris in this great conversation.
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Doing what you love most will always take you to the level of success you desire most. Today, Scott Carson interviews former Wall Street mortgage bond trader and current actress and comedian Madison Malloy to discuss the past mortgage meltdown and what we see going on in the market today. She shares some of her insights into the past along with why she made the pivot from bond trader to stand-up comedy. She also talks about how you can get comfortable in your own skin and pivot with confidence to do something that you love.
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Carving out a path for your own success means being able to knock through things that get in the way of you ultimately attaining success. Overcoming obstacles, no matter how big they are, is essential to growth and victory. Adam Lewis Walker is a podcaster, TEDx speaker and bestselling author. Scott Carson talks with Adam about defying the odds that obstacles have a created, especially as an entrepreneur. Let Adam’s story help you find a way to awaken your inner alpha.
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Being one of the biggest states in the United States, Texas has become an extremely diverse market to penetrate that has a lot of interesting opportunities built in. This has made Texas real estate something of a challenge, but the deals there are just fantastic. Scott Carson discusses the note market in Texas and the opportunities that lie in the Lone Star State. He shares his experience and where he sees deal flow in the major cities of Austin, San Antonio, Dallas, Fort Worth, Houston, El Paso, Corpus Christi, and Waco. He also shares the difficulties that investors face when looking for deals and several ways for you to uncover distressed notes or owner-financed note opportunities.
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Collective power can, without doubt, generate better results. In this episode, Scott Carson is joined by real estate investor and agent, Gary Hibbert, who shares how he has grown his real estate investment podcast by building a community of investors that work to help hold each other accountable and successful with his Smart Home Choice network. Narrating the growth of his network, he offers some tips on relationship building and finding the right people to work with. He also shares some ways to handle conflicts along with some exit strategies.
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With strong job growth, population increase, health care access, education opportunities, and so much more, the Tar Heel State has become a haven for some of the best real estate deals. Today, Scott Carson interviews realtor, real estate investor, the owner of Blue Chariot Realty, and the podcast host of ….and Landlord, Jonathan Taylor Smith, on the North Carolina real estate market and how he is leveraging his knowledge and resources to succeed. Johnathan shares what makes him different from other realtors, how he started as a note investor, and why he loves the Raleigh-Durham market. If you want to know your chances of becoming successful in the area, listen to Jonathan as he highlights some great real estate experiences.
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Success comes when you are in true alignment with your goals, your passions, and your surrounding elements. Scott Carson shares his love for baseball with life coach and former Major League Baseball Scout, Shirley Baldwin Owens. Today, Shirley who is also a bestselling author, relationship expert, and the host of her own podcast Get What You Want With Shirley, talks about what it takes to develop a major league mindset and how to get what you want out of every relationship that you have. She shares some tips for success including how to commit and have patience while reaching for the stars.
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How can you be more productive and efficient in life and in business? Scott Carson talks with The Millionaire Woman Show’s host, Debra Kasowski, about the effective ways to set and stick with your goals no matter what the obstacles are. Debra discusses time blocking, short-term productivity bursts, and how to make the most of your time. She also highlights the power of asking questions and how it can help figure out what you can do to alleviate the fear of not doing the right thing. Gather more insights from Debra about valuing time, using the right tools for systemizing tasks, and making plans happen in this episode.
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Scott Carson breaks down the five most important factors that you must have in place when you grow your note business from one-deals to a larger portfolio of distressed mortgage notes. He discusses the need for a good servicer and other vendors, along with having your systems in place, communication and other necessary items when growing. He also shares the need to have an assistant or staff already trained and ready to handle the activities after you buy notes. He also talks about the need to focus your portfolio and streamline deal flow on your notes, REOs, rentals, or performing notes depending on what your focus and long- term goals are. And finally, he reveals the need to have your marketing rocking and rolling.
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An entrepreneurial endeavor, of course, is built on the work you do, but the big catch is that you have to be channeling your energy into the tasks that will allow your business to flourish. Focusing your tasks and energies on only the right activities is possible, but you’re definitely going to need some help. Joining Scott Carson is Aaron Young from the Unshackled Owner Podcast, who shares some of the best ways to defer, delegate, and delete tasks to make room for what’s most important, what’s most pressing. Learn to identify which of these three D’s to employ so that you can put your energies towards the most productive activities for you as an entrepreneur and business owner. Let Aaron and Scott show you the way to a more productive you!
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Getting back to work after the holidays always feels like one long slog, endless and difficult to get through. But overcoming that case of the Mondays isn’t as impossible a task as it may seem. Scott Carson talks about how to overcome your energy drag from the Christmas and New Year holidays, and how to rebound with activity. He shares some of the ways that he stays productive when your mind is starving for that extra cup of coffee or Red Bull energy drink. Time to get back to work!
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The last recession devastated the American economy in more ways than one, so if another one comes along, you’ll need to make sure your business is able to make it out alive despite the obstacles. Surviving the recession is all about keeping yourself on your toes, and making sure you’re prepared for any given eventuality, and fortunately, there are plenty of ways you can make this happen for you. Jonathan Slain is an acclaimed recession expert and author of the bestselling book, Rock the Recession: How Successful Leaders Prepare For, Thrive During, and Create Wealth After Downturns. Ensuring your business is recession-proof is a long, detailed process. It’s about time you got in on the secret to ensured long-lasting prosperity with Jonathan and Scott Carson.
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On the surface, achieving goals may seem like it’s not something you should be giving thought to: it’s a mechanical, automatic response to something you’ve already conditioned yourself to attain. But the truth is, goal-setting and achieving those goals require a lot more than just sitting down and envisioning them – even if that is a crucial part of the process. Patrick Precourt is an industry leader in personal development coaching, marketing, business development, speaking and influencing. Patrick joins Scott Carson to discuss how you can overcome your internal wiring to dominate your new goals. It’s time for you to start playing at your peak performance.
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When it comes to business, growth is something that you should always allow yourself to be open to when you have the opportunity. Growing your business is a crucial part of making sure your business doesn’t stagnate and fall by the wayside, so you’ve got to keep it moving. Aaron Young is from Laughlin Associates and the Unshackled Owner Podcast. He converses with Scott Carson about the different ways that a business can grow. Make sure you keep growing, and you don’t fall behind!
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Every year is a new experience. This much can be said about the Note Closers Show journey across the years. While it helps to look forward to what is to come, it is never a bad idea to continue on with the things we learned from the past. In this special episode, Scott Carson breaks down the top ten most listened to episodes of 2019 and how that compares to 2018. He reflects back on the things we have accomplished and the wisdom we earned from them. Dive into this nostalgic and eye-opening episode.
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Video marketing is often overlooked, as far as marketing tools go. Many people and companies think of it as excessive and expensive, and while that may be true in certain specific situations, that’s not the only way to go about things. Molly Mahoney is the host of The Prepared Performer Podcast who regularly uses her electric presence on video to drum up attention for herself and the things she does. Together with Scott Carson, Molly teaches you to do the same using one simple tool – Facebook Live. You may not know it yet, but the future of your marketing may be right in front of you now!
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There are so many different types of properties that you can invest on in the market these days, but the one kind you may not be looking at are storage facilities. Investing in storage facilities has so many upsides that it’s almost shocking that not too many people are getting in on it. Stacy Rossetti of the South Atlanta Real Estate Investors Association joins Scott Carson to chat about why storage facilities can be a big deal for you. Too often, storage facilities are left out of the equation when people consider investing in properties, but that shouldn’t be the case. Let Stacy show you why it is you should be looking at these kinds of properties, too.
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In the world of business, nobody’s going to do things for you. Taking action for yourself is the number one principle of running a successful business. You can’t always be relying on prayer and waiting for miracles to happen. On today’s show, Scott Carson talks about self-reliance and self-determination. If you’re waiting for a miracle to come to you, you’re doing it wrong. Start taking action today!
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Oftentimes, people are confused about how many factors actually go into being able to buy a new home. Taking that first step to get financing for your home might seem simple at first, but truthfully, there’s so much to consider when figuring out if you can get the loan for your home. Scott Carson is joined by mortgage and finance professional, Debbie Bloyd. Together, they talk about a few strategies and necessary steps you should be taking to secure the financing you need. Scott and Debbie break down these strategies so you can understand it better, and help yourself in the long run.
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Asset protection is a notoriously murky field because people don’t necessarily get the knowledge needed to do it properly, in a way that truly protects them. Estate planning is one of these lesser-known solutions that grant you high levels of security for your assets, especially if you’ve been able to acquire multiple throughout the years. Brian Price and Jennifer Gligoric of Leafy Legal Services come on to run the gamut of estate planning as a form of asset protection with host, Scott Carson. Despite not everyone seeing estate planning as a form of asset protection, Brian and Jennifer prove otherwise, backing up their knowledge with years of stories. You never know what’s going to happen to you, so you may as well make sure your assets—and family—are set and secure.
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Are you dealing with a mental block of some sort or are you looking to do big things in the new year but don’t know where to start or afraid to? In this episode, learn about fearless living with a world-class keynote speaker, television personality, and a master life coach. Rhonda Britten talks about gunning for a huge New Year’s resolution while keeping your feet on the ground to actually achieve it. With host, Scott Carson, they dive into energy fields and the importance of matching these fields with your commitment to embody the success that you’re working hard to achieve. Each person has fears in their lives, and we think that to overcome these fears is to confront them. Get to know why you should not only confront but love your fears instead, for you to grow by identifying, facing, and seeing your fear for what it is. Rhonda talks about the different kinds of people you’ll encounter and the difference between fear junkies and fear busters in your life.
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Getting your credit score up to a desirable figure is arduous work, then you put in more effort to keep it that way. To save you from all these troubles, the Founder, CEO, and Chief Strategist of Get Fundable, Merrill Chandler, shares his knowledge on the things you need to do in order to avoid taking hits on your credit. He doesn’t only list some vague tips and strategies but discuss in great detail the why, how, and what of each strategy he personally uses and teaches his clients. Learn how your credit behaves and reacts to your actions, and you’ll never be in fear of having bad credit again.
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LinkedIn is becoming one of the fastest growing social media platforms that caters to professionals. If you are good at creating relevant content, it paves the way to starting conversations with people and building powerful connections. This is what Marcus Murphy teaches as an Instructor and as part of the Customer Advisory Board on LinkedIn. Prior to this, Marcus was the Director of Sales and Monetization of Digital Marketer from 2016 to 2019. His job description included accelerating revenue growth and sales productivity for DigitalMarketer’s flagship product, DigitalMarketerHQ, as well as sales for individual certifications and Certified Partner program. In this episode, Marcus shares why he prefers using LinkedIn when connecting with people and how it can be utilized to your advantage. He talks about how the platform is changing and the three biggest areas where he sees opportunities for entrepreneurs, marketers and salespeople to improve in their connections and conversations.
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A lot of us find ourselves doing multiple things at the same time and not having success in any of them. This is the point where we need to silence the monkey mind in order to focus and accomplish our goals. Kim Chiarello is a Spiritual Teacher and Intuitive Energy Healing Facilitator who utilizes her advanced intuitive abilities of to communicate with a client’s soul, in addition to incorporating advanced energy healing modalities. She has been providing Spiritual & Energy Healing Workshops, and private sessions for over 15 years. Today, Kim joins Scott Carson on the podcast as they discuss some of the ways for people to help themselves in manifesting success and their goals for a new year in business and in life.
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A lot has changed in the note business over the past decade. In this episode, Scott Carson gives a bit of an overview of the how the note business thrived in the past few years. He goes on to explain what has changed in recent times. Scott also lists down ten sources for a note business in time for the upcoming year. If you are new to the note business and have no idea where to start or a long time player in the game but have stalled, this episode is for you.
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In this episode of the Note Closers Show, Scott Carson talks about how to fix your deal flow. Have you ever thought about dropping what you’re doing and going all out to become a successful investor? Scott believes this is highly achievable within 12 to 24 months if you only get up and get that faucet flowing. From the marketing flow to deal flow, get to know the different flows in the note investing scene and how to leverage these to your advantage.
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Running a business will not always be a smooth-sailing ride. There will be failures and struggles, but there is also a way to stay positive and productive amidst those setbacks. That is what Kim Sutton shares in this episode. Kim is the host of the Positive Productivity Podcast. She started (and failed) out as an interior designer before encountering the Law of Attraction. After going through more trials, she found her calling in helping entrepreneurs achieve success without the burnout. Today, Scott Carson talks with Kim about the simplicity of creating funnels to help you serve your network.
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The way we speak to ourselves and the words that we use program not only ourselves but our clients. In this episode, Scott Carson talks with entrepreneur and NLP expert, Matt Brauning, about being mindful of choosing the right words when speaking with clients—be it for a deal or just a normal day-to-day interaction. They talk about the difference between possibility language and necessity language and how to use them in succession. Scott and Matt then highlights the importance of having values and the right attitude to get you to the next level and make the best decision for your business and life in general.
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Are you selling or thinking of selling notes? In this episode, Scott Carson runs down fifteen items to keep in mind if you’re looking to sell. This list is also applicable to those who are interested in buying notes. The important thing to remember is to always have a list of questions and to make sure those questions are answered. Knowing all of this will save you a lot of trouble and pain in the future. Being fully prepared is key whenever you’re considering diving into the world of notes.
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FICO World is the ultimate convention when it comes to learning the best business solutions from the best authorities. Today, Scott Carson talks with Merrill Chandler, the CEO of CreditSense, about his current trip to the FICO World Convention. Merrill shares the upcoming credit releases and things coming down the pipeline. He also talks about what the future will look like when it comes to your personal and business credit. Listen more from Scott and Merrill as they bring a lot of good things, including borrower education, to the table.
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You may not realize this but you can actually launch your business by using what is already present in your own market. Today, Scott Carson talks with mortgage expert and real estate investor Jen Du Plessis about some of the creative ways that investors and mortgage experts can capitalize on the markets for their own pockets. Jen is the Founder of Kinetic Spark Consulting, Black Fox Investments and Valor Home Solutions. Tune in to this episode to discover her strategies for earning top dollar as well as some great takeaways about compartmentalizing work and learning from your mistakes.
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When planning out what you want to do in the near and distant future, it’s easy to fixate on things that don’t really matter as much as you think they might. Identifying your goals is such an important part of the process of business growth, and it’d be a shame to waste such a vital step. Scott Carson speaks to Aaron Young from Laughlin Associates about the right kind of goal-setting for your business – because there is a right kind, whether or not you know it. Achieving success begins at the planning stage, and if you try to hit the wrong marks, you’re going to be in trouble. Listen to this episode and make sure that your goal-setting is as strong and well-structured as it can be!
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Being a note investor is not for everyone who simply wants to earn. Scott Carson reminds us that whether we like it or not, some of us will not succeed in investments especially when we enter the industry without a full gear. Today, he talks about what makes a good note investor and highlights some characteristics of someone who’s cut out for the profession. Still, anyone who does not pass these still have hopes of becoming successful so long as they are coachable.
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Good people are hard to find. In the real estate investing world, that task has increasingly become harder. Host, Scott Carson, asks in this episode, “Where’s the work ethic these days?” He taps into the increasing problem of entrepreneurs and people in the real estate space signing up for things but never taking action. Investing in something takes the work ethic to really see it through. With that, Scott shares to you two important words needed to succeed in this industry: work and more. Find out about these two things that will separate you from the crowd and take you to new heights in the long run.
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How can you lure more people into patronizing your cause and your brand? In this episode, host, Scott Carson, and guest, Elyse Archer, pave the way through simple but efficient answers to this typical branding query. Elyse, who is a visibility coach, keynote speaker, and host of Instant Impact podcast, dives into the topic of building a reputation online and shares her reputation formula. She talks about the best social media platforms to promote your brand or name and shares some key aspects, such as Sheehan’s Wall. Elyse advises you to do what you need to do until you don’t have to do it anymore. Tune in to find more brand-building strategies your way.
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Joining groups or networks is a good method for helping your business flourish and become more relevant in your industry. In this episode, Scott Carson talks about how he was invited to the BNI networking event and how he was influenced to join the group. BNI or Business Network International is a global organization where members regularly meet to support each other. Listen to Scott as he shares the benefits of joining BNI and why you too can benefit from being in it.
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One of the best ways to wire your brain with more knowledge on credit and fundability is by joining events and simply listening to specific podcasts. Today, Scott Carson interviews Merrill Chandler—the Founder, CEO, and Chief Strategist of CreditSense, now Get Fundable, and host of the podcast, Are Your F*able? In here, Merrill takes us into the event called FICO World that has been helping many optimize their fundability numbers. With CreditSense being the only consumer facing organization at FICO, he shares to us how he can serve his clients better through constant learning. Merrill then introduces some of the exciting things he is looking at right now, the FICO Boost and the FICO Falcon.
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Scaling your business will be much easier and quicker when you make use of some readily accessible tools. Today, Scott Carson helps scale your business more conveniently by breaking down ten tools to help market and grow your note business. These tools allow you to dominate in your niche and market your services the right way. Your marketing success depends on your strategies and with these tools you will learn how to respect your own schedule, earn the right audience, and build business integrity.
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Brand message is always critical to any product or service, thereby, delivering it the right way is necessary for optimal business growth. Today, Scott Carson talks to Aaron Young, The Unshackled Owner podcast host and the big head honcho at Laughlin Associates. Aaron explains how personal relations and connections matter when building a business. From the simplest of handshakes to one-on-one interviews, he shows us how building relationships brings the biggest impact to your name. Join Scott and Aaron as they dive deeper into the importance of consistency in communication and delivering your message in a clear and influential manner.
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In the recently concluded mastermind, lots of marketing questions surfaced from students across the country. One of the hot topics discussed was on capitalizing on existing sources and looking for new ones. In this episode, Scott Carson shares some of the newest ways to market for assets that will drive more deals to your note and real estate business. He highlights the importance of using new sources, new listings for finding the right deals. There are many tools and apps that are commonly used for marketing businesses. Scott breaks down the sources he uses one by one and talks about how they are adding value to him and his investments.
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How can you deliver an impactful message to your clients? Corey Poirier, the founder of The Speaking Program, is a multiple-time TEDx, MoMondays, bLU Talks, and PMx speaker. In this episode, Scott Carson talks with Corey about some of the ways to help business owners and entrepreneurs become and grow as better speakers through the art of communication. As a seasoned speaker, podcaster, and standup comedian himself, he shares the vital elements you need to assess when executing your piece. Know more about delivering the right speech to the right audience at the right setting with Corey.
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How can you protect your investment and your investors? In this episode, Scott Carson breaks down the three most important aspects of due diligence and protecting your investment by knowing your values, checking taxes, and pulling title. These are the most basic things that you need to look at when you are in any real estate deal. Scott believes that by internalizing these three aspects, you can protect everyone involved in your deal.
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Reaching 500 and more podcast episodes is a milestone worth celebrating. In this dual episode, Scott Carson talks with fellow podcaster and public speaker, Thom Singer from the podcast Cool Things Entrepreneurs Do. Thom is an advisor to executives, a speaker, and content creator. He happily chats with Scott about both hitting the 500-episode mark and what they’ve learned from their journey to the top .01% of podcasters. Learn from Scott and Thom as they share some of their secrets that helped them make this far in the podcast and note investment industry.
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Would you believe that your outfit and attitude impact how others judge you, especially in the business world? In this episode, Scott Carson sits down with dating and image expert and psychologist, Kimberly Seltzer to discuss some of the biggest mistakes entrepreneurs and people make when starting a new business or making a good first impression. By absorbing what Kimberly has to say, you will be able to raise your style intelligence and master her Charisma Quotient. Learn how to make memorable and striking first impressions as she gives you some tips on what to look or wear to impact people the right way.
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It’s Halloween, time for those scary stories to resurface. In this episode, Scott Carson shares some of the scariest and grossest notes and real estate deals that he has experienced in his fifteen years as a note and real estate investor. Some of these deals will send shivers down your spine and even make you think twice about being involved in real estate. Learning lessons from each experience, Scott proves that often, the most complex or grossest deals are the most productive money-wise and experience-wise.
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What are hijackals and how can you deal with them? In this episode, Scott Carson talks with Dr. Rhoberta Shaler from TransformingRelationship.com about overcoming toxic relationships and how to work with or avoid these hijackals that can sabotage things. Dr. Shaler’s main goal is about empowering partners, executives, and adult children from the relentlessly difficult, toxic people she calls hijackals so they can recognize them, stop the crazy-making, and end the emotional abuse.
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In order to become successful, you must learn to embrace screw-ups and learn to enjoy all the mess-ups. In this episode, host Scott Carson talks with Donnie Boivin from Success Champions about some tips for entrepreneurs when overcoming their fear of sales and how Donnie overcame his fears and is now helping other business owners succeed. Join Scott and Donnie on today’s show and learn to become the champion of your success.
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When we stop planning, we leave ourselves vulnerable to the winds of change that are happening. How do you push yourself to think ahead while going through the day-to-day requirements of your business? Let’s hear it again from lifelong entrepreneur and trusted advisor to CEOs, Laughlin Associates‘Aaron Scott Young as he talks about the advantages of planning for your business and looking and working like a corporation in your one-man-business. Aaron dives deep into the mindset of some of the most successful entrepreneurs to find out what it takes to build a business that makes money even when you don’t show up. Aaron also touches on the danger of drifting and how planning can prepare you for the changes ahead.
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Many entrepreneurs and real estate investors actively use works of Merrill Chandler to easily get the funding they need, to do more deals and build their business empire. In this episode, Scott Carson talks with CEO and Chief Strategist at CreditSense.com Merrill Chandler about knowing how to spot lender limitations when it comes to applying for lines of credit to fund your deals. Join Merrill Chandler as he teaches you ways on how to spot lender limitations and take your business strategies to the next level.
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How do you find prospects without wasting time and effort? In this episode, Scott Carson interviews Juliet Dillon Clark who is the founder of Super Brand Publishing. With a mission to help coaches, speakers, and small businesses build connective sales with Q2Q, Juliet is leading the path to getting the clients we deserve. Building relationships is always important in every aspect of life. In real estate, she is helping clients achieve that connection with their audience to ensure a win-win for everyone. Discover more strategies in knowing your prospects, qualifying leads, and more from Juliet today.
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In this episode, Scott Carson takes on the top 50 markets that are facing trouble and showing the most amount of stress. He breaks them down based on days on market, price reductions, foreclosure ratios, and homeowners who are underwater. While these may be considered ugly markets, they can be profitable and there are actually opportunities on them, like being able to buy stuff at significant discounts.
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Property prices can be so unpredictable, even in areas that are considered great. This is why when searching for the right deal, you have to look at listings and be regularly updated about prices. In this episode, Scott Carson breaks down the bottom half of the top 50 markets that are starting to turn ugly based on days on the market, price drops, foreclosure ratios and homeowners that are underwater. He presents number 50th to 26th and presents some of their price ranges. Learn more from Scott as he talks about each of these cities and towns and tells us why they are turning ugly.
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Being in the real estate business, you need BPOs, title searches, help with finding assets, and a variety of other services. Don’t you just wish there is a one-stop-shop that can do all of this? In today’s episode, Scott Carson talks with Dickie Baldwin about the services offered by Baldwin Advisory Group (BAG). Dickie has over 35 years of Real Estate experience as a realtor, loan originator, mortgage wholesaler, and mortgage correspondent. He goes through their comprehensive website and details costs and options, making real estate look as easy as 1-2-3!
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Are you stuck in your 9 to 5 job and wondering when is it all going to end? In this episode, Scott Carson discusses and breaks down some of the numbers behind building financial independence through performing notes providing regular cash flow. Learn what small steps you can make right now to expand your network and knowledge so you can take action on your financial goals.
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Winning in the real estate market means being able to reach the people you ought to close deals with and educate others about being better in the industry. Scott Carson is definitely winning it using the top ten marketing tools that have helped him dominate in the industry. Scott talks about these inexpensive tools that bring quality and great benefits. By allowing most of these apps or tools to work together, you can save so much time and become more productive. Learn more about these tools and how to set them up as Scott takes us further into each of them.
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Are you tired of being disorganized with your social media accounts for marketing your product of service? If you are fed up with wasting too much time, you need to watch this episode for the answer. Today, Scott Carson talks with Hailley Griffis who is the Head of Public Relations for Buffer.com. Being in charge of public relations and marketing, Hailley shares some of the systems that marketers can use with their social media to help simplify and preschedule their marketing. Running a growing business like Buffer requires good people. Hailley explains how she handpicks their remote staff carefully and shares the marketing strategies they are using that you can also adapt.
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One of the common mistakes many investors make when looking for a place to invest in is going to the hot markets. Unfortunately, these are where everybody’s at. That means more competition and fewer deals for you. In this episode, Scott Carson lets you in on the markets that you can actually invest in – the fastest-growing American counties. Discussing a recent USA Today article on the top counties in each state with the highest growth rates, he reveals why you should be looking at some of these unknown counties to invest in versus some of the larger and well-known areas in the state.
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Hurricane Dorian is one of the recent calamities that devastated the northwestern Bahamas and caused significant damage to the Southeastern United States and Atlantic Canada over the past weeks. Scott Carson discusses Hurricane Dorian and some of the things property owners and investors will see over the next six to twelve months. Taking note of what Harvey has done, he also gives some heads-up on the things you need to keep in mind if you find yourself in these affected areas.
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Marketing your business online is one of biggest factor for business success these days. In this episode, Scott Carson talks with online marketer and podcaster Marc Guberti about the best ways to hack YouTube and his new book, Decoding YouTube. Marc is the host of the Breakthrough Success podcast and a rock star in video creating. Besides making videos, he also engages in real estate investments as one of his growing passions in life. With this, he offers YouTube marketing strategies to help investors create marketing videos that are captivating enough to promote growth to their businesses.
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Growing your investment means growing your network. In this episode, Scott Carson breaks down some of the easier ways to build and grow an investor database when you are starting from scratch. Putting forward the importance of going to networking events and meeting many significant individuals, he shares some systems that you can use in managing your lists and connections. Seize those opportunities and keep the people you meet because everyone is of value to you in one way or another.
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Note investment can be a headache, especially when you have undesirable borrowers. Host Scott Carson breaks down a recent case study where the borrower paid off their loan after being modified along with the numbers behind the deal. Sharing some exit strategies for note investing, he then rounds up on cash payoffs and discusses ways you can get it in a more promising way. Learn more about how you can increase or at least get necessary cash payoffs from various assets in this episode.
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In the note business, there are two types of note investors: the newbie and the experienced who is trying to get into the note business. When comparing who will succeed more, the usual guess leans on the latter. However, that is not always the case. Scott Carson discusses the outlook and questions from two different note investors and which one he believes will be successful in the long run and why. Offering pointers that will lead you towards the successful path, he breaks down some marketing techniques and approaches to find deals that you need to implement now more than ever. He also shares some great advice that will motivate you to keep going in this industry in the long-run.
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Obstacles are part and parcel of growth. As such, getting past them offers great insights on building long-term success. In this episode, Scott Carson sits down with Aaron Young from Laughlin & Associates to discuss some of the business obstacles that entrepreneurs face and the best ways to overcome them and avoid problems in the future. In a world where there are more complaints than praises, Aaron gives some tips on how to counter negativities people typically have about your business. If you’re a budding business owner, tune in to this episode and learn how you can thrive in this daunting business environment.
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Financial independence can be a daunting goal, but with proper guidance, knowledge, and discipline, you can definitely achieve it. Host Scott Carson interviews Merrill Chandler from CreditSense about the ways to hack the credit system matrix to help you achieve financial independence through lines of credit from banks. In his book, Are You F’able or Just F’ed?, Merrill talks about fundability and gaming the system underneath it with cheat codes. He talks about how you can take control over your approvals as well as the types of unconscious borrower behaviors to avoid. Take the opportunity to break free from what the conventional says and reach for the kind of financial freedom you want in this episode.
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Any podcast reaching 500 episodes is the real deal. Scott Carson brings on Stephanie Goodman, the Vice President of Operations for WeCloseNotes.com, to discuss the 500th episode. Scott and Stephanie reminisce their wonderful experiences on the different podcasts that led to this 500th episode. Leadership and management are some of the most common topics, as well starting a note business and how to grow in the notes industry. As they enumerate the top ten most downloaded episode and give a short description of each, they also highlight the KISS Method as the most popular episode ever. This celebratory episode is definitely worth it because there are many more surprises along the way.
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Scott Carson talks with Haley Gant, an IRA specialist from the Quest Trust Company, about the upcoming Quest Expo. Haley teaches investors how to use their IRA or 401(k) to invest into real estate and private assets such as real estate, notes, apartments, and lots of different options. In this episode, she outlines the different events at the expo, as well the keynote speakers and the topics that they are going to be speaking on. You will surely fill your hearts and brains with all the investment opportunities you can scoop up from this grand event.
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For many of us, being a leader is being able to lead people and reach a goal. It may sound so simple, but in reality, filling the gap between leading and reaching the goal is the most challenging part. In this episode, Scott Carson interviews Trey Downes from the Your Superior Self Podcast about the five pillars of leadership and how to be an effective leader. With these pillars, you can be guided on your path to learning how to lead others as well as yourself. Trey also emphasizes the importance of delegation, understanding information flow, transparency, and mentorship in developing better managers.
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Anyone can tell an event is successful when participants deviate from their routine and comfort zones just to listen to others speak. The Note Camp Commercial Bootcamp was a definite success based on the number of participants and the fruits they reaped from the intellectual note investing speakers. In this episode, we relive the event as Scott Carson breaks down some of the updates and surprises from it. Aside from the great topics, Scott also shares the results of a particular survey that the online attendees filled up, revealing some valuable things about the people in the industry and more.
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Transitioning from your full time 9 to 5 job to a full-time note investing gig is not as easy as it seems. In this episode, Scott Carson talks to Note Mastermind member and note investor, Logan Hassinger, about his early success as a note investor and how he is working towards his path to financial freedom. Logan shares his flow of activities that lead him to make deals, which includes honing in on finding asset managers and consistently emailing, posting articles, and increasing social media presence to raise capital and attract new investors. Providing that sense of familiarity to those who have gone through the same, he talks about the goals he set when he decided to leave his full-time gig and focus more on note investment.
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Being a first-timer in the world of real estate can be daunting, most especially when you’re being confronted by its many different niches. Guiding you into finding your own place, Note Mastermind member Gail Villanueva lends us great tips from her new book, Real Estate – What’s Your Best Fit? She outlines the five different categories through a quiz that will help you identify what is your best fit in this industry. While sharing her story and background, Gail also discusses what makes a good note investor and a good realtor and how you can achieve financial freedom in real estate. Don’t miss out on loads of great wisdom about fitting into a niche and getting in touch with where you are meant to be in this episode.
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The old saying “Find a good deal and the money will find you” proves to be the opposite for real estate entrepreneur Dave Dubeau. After losing a great deal due to a lack of investors and capital, Dave discovered a clever way to get investors to chase him instead of the other way around. Counter to what we have learned over and over again about raising capital, Dave breaks down the formula to attract investors and partners so you can turn things around and stop desperately chasing after people. You will surely find a number of great nuggets in this episode with Scott Carson and Dave and they discuss marketing, networking, doing presentations, and putting out content.
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Have you ever encountered someone who eagerly asks for your advice but never acts on them? Someone who gets into every consultation and training for free but never follows through? If this person sounds familiar, then Scott Carson has a name for them – askholes. It could be other people, or it could be you. In this episode, Scott breaks down the ten ways that you could be an askhole and some things that you need to do to get yourself on the path to success. There is no shame admitting if you are one. The only thing that matters is how you move yourself out of it.
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Many realtors get excited about the note business because it is a great way to find leads, future REOs, and short sales. However, that is only touching the surface because, in order to succeed at it, there is a lot that goes into that most notably with the actions you repeatedly take, tiny or not. Scott Carson talks with real estate investor and record-setting realtor Karen Briscoe of the Huckaby Briscoe Conroy Group about some of the ways to find success five minutes a day. She breaks down this top secret of the successful in business and shares how you can get the momentum rolling yourself. Karen also discusses the importance of mentors and attending masterminds. Don’t miss out on this episode as this could be that little extra step that will take you a long way.
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With so many information being shared out there, it has become harder not to get lost. Dispelling myths in the world of funding is the funding-hacking Merrill Chandler from Credit Sense. Merrill is back to talk about the eight biggest myths when it comes to getting business lines of credit. Scott Carson sat with him again to lead you to become F’able – fundable – that any lender would look at you. Along with the myths, Merrill points the right way to fully optimize and up your credit game. Get into this fun episode and learn how to avoid the most fatal funding mistakes almost every real estate investor makes.
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Cracking the REI vault in real estate can be fun and challenging because you can meet new people and learn from them at the same time. Scott Carson talks with Gary Boomershine from REIvault about what is working and not working with successful real estate investors across the country. Gathering from his own experiences along his entrepreneurial journey, Gary shares a tremendous amount of tools and books for all real estate and note investors to use in their businesses. Marketing works if you know how to maneuver your tools. In this episode, learn how to do old school cold calling and direct mails that could turn at least 20 to 45 leads into a deal.
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Insurance is very useful in life, but for some people, it can be daunting in certain unfortunate circumstances. Scott Carson talks with his longest known friend and attorney, Jason Byrd, from the Byrd Law Firm about some insurance pitfalls that investors need to look at, along with discussing his entrepreneurial journey. It is a fact that insurance companies are your friends before you got a plan from them, but once there are claims, they can become your worst nightmare. With these kinds of scenarios, Jason has developed some solutions for you to start a battle with your insurance company. Be equipped with the right knowledge and understanding to prepare for these situations.
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Squeezing every scenario into a spreadsheet before knowing the value is not a healthy thing to do in the notes business because this gives birth to analysis paralysis. Host Scott Carson teaches us some tips on how to not overanalyze everything with notes and lose money. Reminding us to take only what we can, he tackles the importance of narrowing your list and quitting the habit of trying to make every asset a deal. Keep on moving forward without the burden by learning the ways to overcome analysis paralysis in this content-filled episode.
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Note investing is attracting new investors every day with it becoming a more established niche in the real estate industry. In this episode, Scott Carson talks with Aaron Young from Laughlin Associates about some of the biggest mistakes that entrepreneurs when launching their business and how to overcome those mistakes. Some new investors get interested in the note space and consider leaving their high-paying job, but they treat it as a hobby, not a business. While others are constantly going to events but are not taking what they’ve learned to work. In this episode, Aaron shares the right mindset to succeed in the note business where he highlights the importance of passion, the right planning, and working hard for every new note investor to dodge the newbie mistakes and be on a brighter path in note investing.
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Fixing and flipping properties may be very different from note investing, but you can always do both without making major mistakes. In this episode, Scott Carson breaks down the seven biggest mistakes that fix and flippers make when jumping into the defaulted note game as they transition from fix and flipping properties. Fixing and flipping should not be your primary strategies in the note space because time is too valuable to waste greatly on these things. Modifications and doing loan modifications for a payment plan should be the top two strategies. As Scott breaks down these mistakes, he also shares some ideas on how to avoid them with education being a priority.
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Investing is always risky, which is why you must be equipped with the right knowledge before making any investment in any financial market. In this episode, Scott Carson talks with real estate investor and TV personality Chris Naugle from Risky Builders about the current market, fixing and flipping, and raising private capital. He also shares his method to maximizing profits and avoiding mistakes as an investor. Take Chris’ advice so you can make your investments matter in this risky world.
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“Invest wisely” should be a mantra you must remind yourself of because it will greatly influence you towards achieving financial security. In this eye-opening episode, Scott Carson talks with Keaton Munster from Quest Trust Company about the top ten tips for achieving financial security in retirement. Keaton strongly advises that you pick someone who is going to help benefit your moral ground of investing so you can sit back and tell them your financial goals. He also shares about the importance of knowing what is going on in the world and internalizing how everything affects the global market. Knowing how expenses are going to change over time, he emphasizes the importance of diversification, having a rainy-day fund, and knowing your risk tolerance. He also touches on the Quest Expo and what their company can offer to their clients with regards to responsible investing.
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So much has been said about credits and fundability that it has become quite confusing to tell which ones are actually true. Cutting away the fat and getting to the truth of the matter, host Scott Carson sits down with fundability expert Merrill Chandler from Credit Sense to break down the ten biggest myths when it comes to your credit. Let Merrill give you the insights that will take you from being not fundable to fundable and move you towards having great credit and get those lenders on your side.
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Balancing your family life and your real estate business is the real deal for many investors. For Note Mastermind member Paul Cooper, this can be done with a little ease when you know where you are heading and when you are clear on your goals. As he talks about his note business, his focus, and his long term goals, he also shares his opinion on investing in performing and nonperforming notes and shows us which states he is investing in and which ones are the most promising. He also advises hiring an assistant to help you reach that full-time success, especially in the organization part of your job.
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Building your lifestyle takes discipline and adherence to your goals. Host Scott Carson interviews real estate investor and lifestyle entrepreneur Tom Sylvester of Lifestyle Builders on how to build a lifestyle for you and your family. Tom shares the story on why he and his wife evolved into a lifestyle business, noting how it takes time and intentionality with where you’re spending your resources. He also emphasizes the need for having a realistic time frame and building a roadmap on how to get there. Learn all these lifestyle building tips and more in this episode.
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Getting yourself involved in the note business can be daunting because, to put it simply, there is no shortcut to success. For this reason, Scott Carson discusses the importance of setting goals and realistic expectations in your note and real estate business. He breaks down some things you can do to drive results as a full-time or part-time real estate investor. He also identifies some of the challenges that you may encounter in the note business, and shows some ways to get out of them.
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Starting out in the real estate business can be nerve-wracking, but with the right guidance, you can move forward with ease and be on your way to success. Real estate CPA, Thomas Castelli, talks about accounting in your real estate and note business along with some common mistakes that investors make when starting out. You can set your foundation as a new investor and you can veer away from typical slip-ups, but the biggest thing in every business is the accounting side. Thomas strongly recommends you document everything and stay organized. He also points out the importance of bringing an accountant or hiring somebody who is proactive to help you in your short-term and long-term cause.
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Without doubt, books surely supply you the knowledge you need for surviving life. In this episode, Scott Carson breaks down the most impactful books that have had an influence on his life as an entrepreneur. Starting from famous books by Robert Kiyosaki and Napoleon Hill down to other books from other businesses, Scott leads us into a world of insights that we would never have otherwise. Do yourself a favor and read on and find one that could have an impact on your life.
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We can all benefit from success stories of real estate investors who have strove to reach their goals in the industry. In this episode, Scott Carson talks with long-time note investor, friend, and student Desi Arnaz about his note business. Desi is a professional investor and Co-Founder of the ACI Legacy Group with over 40 years of experience in the real estate world. He shares his focus on performing and non-performing notes and how video has helped him to market for deals and private investors. He also shares his biggest advice to people who are thinking of getting into real estate.
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We know that you can benefit from identifying your goals and writing them down. In this episode, Scott Carson shares the importance of not only setting your goals, but also sharing your goals to your network. Sharing your goals not only to the people closest to you but also to the people outside of your circle helps you accomplish those goals faster. Scott also shares the importance of making a pivot in your life when we’re faced with struggles. Sometimes changing things up will help us accomplish a goal which will snowball into a bigger goal. We just have to believe that we can accomplish these goals that we are bravely sharing to the world.
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Our parents are our best teachers in life. In this episode, Scott Carson breaks down some of the most important lessons he learned from his father that have impacted him as a man and as an entrepreneur. His father has taught several lessons along the way that have molded him and shaped his business ideas, tactics, and helped him become the person that he is today. Learn what these lessons and so much more as Scott goes down his memory lane.
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Getting started in notes and Immersing yourself in the note investing space can be tricky because you have to figure out a lot of terminologies and other details. Get your education on as host Scott Carson breaks down some of the things that you can do on a part-time basis as a new note investor with ten to fifteen hours per week. Books, magazines and the like can help you with your notes investment, and Scott presents some titles and even videos that you can read and watch. Further highlighting some of the things that a new note investor should seriously consider, he also tackles the hows of raising capital, building your network, creating an entity, and relying on local experts. Finally, Scott advises that if you want to have a goal set for yourself, you’ve got make it achievable, measurable, and specific.
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At any one point in our business, we sometimes have the need to look into commercial lending to help fund major capital expenditures or cover operational costs. Commercial real estate and financing expert John Matheson joins host Scott Carson to talk about the best ways to get approved for bank financing on commercial projects. John has a lot of investment experience and has helped finance over $50 million in projects. He has a loan-analyzing software called Commercial Loan Success system and a book of the same name which offers a step-by-step guide to predictably secure favorable lender financing when you need it.
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Burnout has become a problem for everyone, especially for entrepreneurs and business owners who travel a lot. It is the last stop after a prolonged state of excessive stress that drains our energy until we are left with no capacity to cope. In this episode, host Scott Carson talks with Aaron Young from Laughlin and Associates about the need to recharge your batteries as an entrepreneur to make sure that you avoid burnout.
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Anyone who is dealing with self-directed employer plans needs the help of an IRA specialist to make transactions smoother and faster. Certified IRA Specialist Rebecca Miller from Quest Trust Company explains the different self-directed plans available to employers. Noting the importance of having someone do the custodial work and bookkeeping of your 401(k), she shares about her company’s role in helping you set up your 401(k) plan. Rebecca also discusses the pros and cons of SEP and simple IRAs and how to set these up along with the qualified retirement plan and solo 401(k) versus SEP. Gain additional knowledge about these concepts with Rebecca’s discussion on how to make processing them so much easier.
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Heading straight to your doors to help you grow your credit are Founder and CEO of Credit Sense, Merrill Chandler, and his right hand, Jessica Guisinger. Stopping here at the Note Closers Show, Merrill and Jessica talk with host Scott Carson about their current road trip and boot camps that aim to help people optimize their credit profiles. They take us back from the beginning down to the different spots and events they hit – from Quest, to Mr. Texas Real Estate and Robert Orfino, and more. Also giving away some of the biggest nuggets from the Fundability Bootcamp, Merrill and Jessica discuss the importance of building relationships with banks and how the online world helps.
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When life gets good and we start earning a lot of money, it can become easy for things to fall apart when you do not have the proper knowledge and systems in place to protect them. In this insightful episode, we dip ourselves into the knowledge of two amazing people who are dropping some nuggets of information for us. Host Scott Carson talks with Rachel Marshall and Bruce Wehner from The Money Advantage Podcast about some of the mistakes business owners make when it comes to planning for the long-term endgame. Discover the distinction between business owners and entrepreneurs and what their stressors are, the wrong places to put money in, and the mindset to use when thinking about starting a business.
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In this male-dominated industry, it is often very difficult for women to be heard and acknowledged despite being successful. Doing just that, real estate and note investor Nancy Wallace-Laabs shares her new book, Winning Deals in Heels, that puts to light the stories of the top women real estate investors who have overcome obstacles and achieved success. Letting us in on the writing process, Nancy reveals some of the surprising things she learned from the powerful ladies featured in each chapter. As she showcases the strong women who were willing to take chances, calculated risks, and were consistent in what they do, Nancy drops some golden nuggets that could help all investors regardless of their gender.
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The common age for investors to show up in the investing scene is usually at their middle age or later. From there, they would have to still wait before their efforts come to fruition. Instant gratification in investing does not happen. If it takes a lot longer before you reap anything, then why not start younger? Scott Carson talks with Derreck Long from Quest Trust Company about how the next generation can build long-term wealth by using a self-directed IRA. As Derreck takes us into his journey and experiences of realizing the value of investing young, he also shows the way he is getting everyone else involved and taking care of everybody while building a network and wealth for the family.
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Host Scott Carson talks with friend and real estate entrepreneur, Jason Bible, also known as Mr. Texas Real Estate, about making a 90-degree turn in his real estate business and career and where the end game lies for most investors. Jason shares how he and his business partner cracked the code on Airbnb and are starting to get into it some more. Bringing to light what he is calling as the Harvey 2.0, Jason then talks about the Houston market change and the impact of Hurricane Harvey on the higher end market. As he also gets into the rebuilding of the harbor bridge in Corpus Christi and the oil and gas industry, he puts in some great advice for entrepreneurs who are thinking of trying new opportunities.
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The real estate note business is so tempting these days for so many promising reasons. Wylea Griggs, note buyer, and owner of Eleesee Solutions, LLC, talks about her note business, her goals, and her passion for helping people. She shares how she got into the note business and what lured her to enter it. Setting goals is essential in any business or in life generally. For Wylea, becoming a full-time note investor meant focusing on your note investing goals as you start off with a few notes and then branching out to more after seeing it go well. She shares how she acquires potential investors and how she does her marketing. Learn more about investing in notes from Wylea and realize how flexible the real estate note business is.
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Transitioning from one job to a totally different profession is not easy, especially when you shift from being a mechanical design engineer in the aerospace industry to a real estate investor. Note mastermind member and full-time note investor Dan Deppen tells us about his journey as a note investor and how he was able to leave his full-time career to explore note investing. Initially working deals at home with the help of an assistant, Dan eventually developed his very own ROI calculator and strengthened his marketing through emails and newsletters. He also talks about the different applications he uses to quicken his transactions. Dan advices anyone who wants to be in the note business to get some training, do your homework, and talk to people before buying anything on the market.
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We all come to note investing for different reasons. For Liza Banaag, also known as the Note MD, it was a life-threatening curveball that made her realize how she was one event away from bankruptcy. From there, she started her journey of creating passive income out of real estate – from doing fix and flips to buying and selling. In this episode, Scott Carson talks to this note mastermind member and a former medical doctor about her journey as a note investor, going deeper into what attracted her to the notes industry and sharing about a deal that got a pretty good bid.
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In this day and age, you got to be wiser because change is inevitable, and so is the market. Sometimes what you were ignorant about before can be the only path to success that you can take. Scott Carson interviews Note Mastermind member Eric Ham about his note business and why he’s going full-time so soon. After leaving his job in the IT industry, Eric transitioned to closing performing and non-performing notes. As big a leap as it is, Eric gives us his take on why it was definitely worth the risk. Learn from the deals he’s closed and the most significant things that have helped him in his learning curve.
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Notes in real estate have become very lucrative these days and some entrepreneurs are making their mark with it. Scott Carson interviews Phil and Melanie Jacob about their note business and what advice they would give to new note investors. Phil and Melanie are the owners of the Phil Jacob and Associates, LLC. They talk about how they started their note business, what services they offer to clients, and what their long-term goals are. Non-performing notes are their bread and butter, but they also cater to performing ones. As they discuss the surprises and the challenges they encountered along the way, they also share their process for getting done as well as organizing and creating content.
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If you want to go fast, go alone, but if you want to go far, go together. Scott Van Kampen and Dennis Doherty from Second Chance Property Investments touch on the advantages of working in teams in the real estate and note industry. Find out how to make your marketing help raise capital and mitigate the risks in buying deals outside of your market. Moreover, discover the most significant factors that people need to look at when closing deals in Michigan or Detroit and the secret sauce to making a team work.
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There are massive opportunities to thrive in the real estate arena. One of the best ways would be investing in notes. Scott interviews Note Mastermind member Michael Slawin of Notes Connect, LLC, about his real estate background and why he is focused solely on note investing. Find out how Michael gained mastery in the field and the kinds of real estate investments he’s focused on. Also, learn what attracted him to venture in note investing and why it is challenging yet rewarding. On top of that, Michael will reveal the hack to looking for assets and some of his a-ha moments.
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Buying and selling real estate can be quite fun when done correctly and when profits start pouring in. Land investing can also be a tricky trade but understanding its ins and outs can make it less complicated. Scott talks with Jill DeWit and Steven Butala from Land Academy about finding, buying, marketing, and flipping land deals. The couple talks about some other ways in making great land investments, including how to get an asset manager’s list. They emphasize that their business is the one that is creating equity, however, adjusting and believing in yourself are the key factors in sealing any deal.
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One entrepreneur’s success can be everybody’s success. Buddies Scott and George Antone from Fynanc spends time catching up and discussing about what drives them as entrepreneurs and their biggest fears in life. Antone talks about a software he is creating that will revolutionize investing in a whole different way. He also shares the biggest lessons he has learned from his students, including his failures and missteps from his successes. In the end, learning exactly what you are talking about is vital before starting any business.
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Anyone in real estate must understand the great benefits the IRC Section 1031 has to offer which allows investors to sell a property and to reinvest proceeds to a new property while deferring all capital gain. Scott talks with 1031 Exchange expert, Dave Foster, on some of the ways you can use this process to help you invest in real estate and notes. Dave says anybody can do a 1031 just as long as the process and principles to using it are intricately understood.
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Many homeowners are experiencing hardships with their properties with divorce and excessive debt being top causes. Oftentimes, short sale is a promising solution in these situations. Scott talks with seasoned realtor and short sale specialist Nicole Espinosa about her short sale business and the existing market. Even when the market is performing great, there is still a short sale going on and there is no stopping her company at taking care of their clients. Nicole shares some of the ups and downs and tricks and tools used to help get short sales approved. She says using adept VAs along with the right technology help sales become more successful.
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Successful businesses always start with interesting stories about how they emerged. Scott talks to long-time friend and real estate investor, Tim Herriage, about how he quit the Marine Corps and made his way through real estate. Tim shares his struggles in the industry and how he survived a roller coaster of emotions when shutting down his own business. He also gets into real estate, his favorite barbecue in Texas, and evolving as an entrepreneur.
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For years, Detroit, Michigan has been hot on the market primarily because of its inventory to price points and not having an SDIRA or self-directed IRA. With its numerous economic developments, there are issues that are lagging around such as the city being on the verge of bankruptcy. If you are planning to invest here, reaching out to others such as a CPA or an attorney who is not on the mock arena is a recommendable. Working with a company that is an expert at pulling data minimizes the risk of losing an entire SDIRA. In this episode, Scott discusses a recent hiccup in the city for SDIRA investors who are looking to fund the deal in their IRA account name and how to fix it.
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Every entrepreneur’s primary goal is to grow their business. This will only be possible if you can own and attract more clients as much as you aim for. Scott talks with Darin Adams from Infusionsoft about how entrepreneurs and marketers can attract, sell, and wow their current and future clients by using their software. Darin reveals why building a database is the most critical step for your marketing campaign’s success. Sharing the transition of Infusionsoft to its new brand, Keap, Darin goes into detail how it is the perfect tool for note investors in finding deals. On top of that, find out what lead magnets are and which ones will work wonders for you.
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Short sales have been a widely held topic in the real estate arena. Why? It’s because it’s a win-win deal for both the seller and the buyer – a short sale can get a property holder out from bad debt while buyers see the price of a short-sale home worth the hassle. Scott discusses how note investors can target short sales as warm leads for potential opportunities for deals and larger lists of non-performing notes. As he outlines the things you can do with short sales, learn the three reasons why investing in short sale deals is like hitting the home run and the things to keep in mind before you jump right in.
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The Note Mastermind is a three-time annual event for note investors as part of Scott’s mentoring program. Once again, people come over to spend time with other note enthusiasts and have the opportunity to hang out and working on each other’s business, making them rejuvenated in rowing towards the same direction. Scott shares some of the fantastic things that took place during the 22nd Note Mastermind meeting in Austin, TX.
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The chicken or the egg is a dilemma that has also penetrated the world of real estate. In the note business, it often equates to the property or the bank. Scott helps us understand this predicament by providing some details on which entity must be dealt with first. Proving the order of importance between the property and the egg, Scott says that if you are chasing eggs, it is advisable to go upstream and identify the source – chase the chicken and find out who is laying those eggs.
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Setting up a note business means that you have to create and work on an effective business plan. It can be a long and analytical process, but once it is properly executed, success can be endless. Scott talks about how to make a business plan that works. He says keeping your eye towards the goal and talking to the right people is necessary to ensure that you are in the right path, and identifying your ideal asset along with the right communication method will make any business plan materialize in a much more promising manner.
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Market value always changes, and as it evolves, you as an investor have to evolve too. It is ideal for anyone to understand the zigzag occurrence in investing. Knowing how to handle such scenario is essential for any business to thrive. The market may turn on you, or it may be in your favor but identifying the changes that need to be done once the market turns is necessary. Scott shows us how to handle the zigs and zags on the road to successful investing. Choosing the right models or educators, evolving your business model, exploring property areas, and social media marketing are some of the ways being suggested to cope with these situations.
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Real estate events are often costly and may require you to travel and spend more money registration and accommodation. For this reason, events such as the Note Camp Convention has been conceptualized. Scott Carson will soon be launching the event which shall focus on commercial note investing. Participants will no longer have to spend huge sums for a very attainable knowledge pool. Not so many people talk about commercial notes, but through this convention, learners will be able to understand the concept deeply. Some renowned speakers including Cory Peterson of Kahuna Investments and Mobile Home University co-owner, Frank Rolfe, will talk about due diligence and investing in multiple mobile homes respectively. Discover more what you could expect in this new Note Camp Convention and how it could provide wisdom on commercial note investing.
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Starting an LLC or limited liability corporation can be easier to maneuver once you know how to handle the right documents and deal with the right people. Aaron Young from Laughlin Associates talks more about the unveiling of a new LLC and what steps you need to take when creating an entity to ensure that it is alive. He also talks about being self-employed as a businessman and the importance of doing something else or following a formula rather than sticking to something that does not work. Aaron also talks about why you should seek counsel from the right people, acknowledging that not knowing some aspects in LLC must not be taken negatively but as a necessity for you to generate more success.
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Commercial notes are meant for immediate needs, which means there has to be an immediate action done before values change. Scott talks about the opportunities in smaller commercial notes and what to look for when performing due diligence on them – from looking up photos online to investigating the area and its neighboring properties. Maximize opportunities with small commercial notes and discover the story behind them and the promise they hold in this episode.
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There are numerous discussions about how to be successful in life. Hypnosis is probably one unique way of accomplishing success. World-renowned hypnotist and transformation expert, Mark Yuzuik suggests hypnotizing as a process of changing the mindset to help people grow and improve. By discovering personal patterns and behaviors, one can get to the desired destination and being surrounded by successful people generates positive transformation. Mark further shares how anyone can have good and bad days and overcoming those bad ones can be done by not living in the past that affects the future.
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How do we maximize note investing? How do we have debt strategies to reduce the amount we’re paying out to other people so we can keep more of it and build wealth without Wall Street? Scott interviews Joey Mure and Russ Morgan from Wealth Without Wall Street about being self-insured and creating investing opportunities. Learn about their five pillars, infinite banking, and the brilliant process they have in helping out their clients. As they touch on some ways to earn passive income, check out the community they built for infinite banking people and their internal coaching program. On top of that, catch on the biggest mistakes of their clients before they hopped in on some misconceptions about infinite banking.
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Becoming a funding guru involves numerous steps. Scott talks with Merrill Chandler from Credit Sense about how to become a funding guru. Merrill is the CEO and Chief Strategist at Credit Sense, a credit funding optimization firm. He outlines the steps which include improving fundability, creating a clean personal and business profile, and when necessary, getting rid of negative information wherein sometimes a clean sweep is necessary. Basically, it is not about the client’s past but the present and the perseverance in gearing towards investment success.
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What is self-directed IRA and what can you do with it? Scott interviews Quest Trust Company’s CEO, Nathan Long, about some of the exciting things that you can do with your self-directed IRA. Certified IRA Services Professional from the Institute of Certified Bankers, Nathan reveals why building wealth in a healthcare savings account builds financial freedom and how he structured a deal out of it. A firm believer of the value of having proper education, he recounts the creative deals that he has done inside his IRAs and the biggest thing that drives him brainsick. As he uncovers where he sees Quest in the next five years, learn more about the upcoming Quest Expo and how you can access their live stream to get educated.
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If there’s one group to avoid in the real estate and note space, that would be the joker brokers. Now and again, we are getting these great deals from credible people, but perchance they are getting them from the joker brokers, and they are merely furthering trusting they are real when they are not. Scott breaks down some of the signs of a joker broker that you should be fully aware of. On the side, we dive into what you need to avoid doing to prevent from getting blacklisted by sellers and buyers. On top of that, find out how to be more coachable in the note and real estate business.
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When you’re a new real estate investor, it is natural to find it stressful to pull the trigger on something that’s 100 or more miles away. Performing distance due diligence on assets can be challenging, but Scott makes the impossible possible with online resources. Scott breaks down some of the tools and websites needed when performing due diligence on assets that are outside of your own backyard. Find out how you can find realtors, active real estate clubs, and more as he goes over how to navigate each site and maximize it.
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In today’s time, the rise of startups continues to motivate young entrepreneurs to finally hit the gas. On the flip side, generating brilliant ideas and executing it are some of the common roadblocks. Jim Beach, serial entrepreneur, author of School for Startups, award-winning radio host of School for Startups Radio, shares how his show inspires young entrepreneurs as he recounts the stories of the guests that come in and blew him away. The Simon Cowell of small business, he gives away practical tools that make you more efficient at work and unravels the beauty of outsourcing. As he reveals why he loves SBA, learn how you can be consistent in your marketing and how podcasting can be a great source of building awareness.
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Having a website is vital for entrepreneurs to showcase their business. However, if you want to build sales, a website is not going to do it by itself. You have to lead them into a path where they eventually purchase from you. This is called your sales funnel. Niajae Wallace, a funnel hacking expert and an entrepreneurial rockstar, talks about her passion for helping entrepreneurs find their voice and funnels. She dives into what a sales funnel is, guides us through the process of setting it up, and identifies the biggest thing that people struggle with when they’re mapping out their funnel.
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People with an unhealthy lifestyle are undeniably prone to severe health problems. However, in reality, many of us are inconsistent when it comes to taking care of our body. Adam Schaeuble, a former PHD (Previously Heavy Dude) and host of The Million Pound Podcast and Casting the Pod, talks about The Million Pound Mission project to help people in their weight loss journey. Adam shares his amazing results formula using four components based on a 28-day cycle. Discover Adam’s tools, tricks, and habits that you can also apply to help you reach your goals without losing out on your health.
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A lot of us get so caught up living one day at a time that we forget to think about the future. We keep our sights so much on the present that we fail to look forward. Scott snaps us out of this set-up and asks us about the future – what we are working towards and what our ultimate endgame is. Move out of being a Joe Don’t Know and put a plan in place. Living is not merely just surviving, so go out there and take action.
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It is one of the greatest things in the world to witness people coming together and working toward reaching the same goal. This is exactly the power that a note mastermind has. It brings people who come from different experiences to talk about the ways they overcame a problem or found success in the note investing world. A mastermind leads to a lot of great things not only for us but also our friends and the community. Scott shares this powerful way of helping people in the note industry while giving us a look into what goes on inside it and where and when we can expect it to happen next.
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From finding your assets to funding them, we now head on to complete the third F of note investing – flipping assets. Scott breaks down the different flipping and exit strategies involved with note investing – from wholesaling, reinstating and modifying a loan, to short sale, cash for keys, and more. He gives out a detailed view of each of the ten strategies while laying out some real-life scenarios where they are put to work. Equip yourself with the knowledge because the more you know, the better prepared you’re going to be.
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Once you find your assets, it’s time to get those note deals funded. Pitching can be tough at the outset, but once you mastered the art of funding and gain credibility, then it will be smooth in the long run. Scott tells you everything you need to know about funding – where to get sources, how to approach investors, writing your pitch, and securing your financing. When all is said and done, we get to what happens at the time of funding.
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Capitalizing on the market of note investors can be really stressful especially if you do not have a solid blueprint on hand to execute your plans. Note investing all starts with deals. To be able to make an investment, you should be strategizing on finding assets. In the first part of this three-part series, Scott breaks down the different ways to locate assets and talks about online sources, trackers, and the tools for getting in touch with your list.
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Facebook has become such a household name that probably no person in present-day civilization hasn’t heard of it. Admit it, we are so used to getting on Facebook that a lot of people actually can’t spend a day without getting on the popular social media platform. But what do we do in the face of Facebook Armageddon? Scott discusses the recent Facebook shutdown and the impact that it had on investors and how to make sure you are not just focused on marketing on one social media channel.
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Scott talks with Merrill Chandler – founder, CEO, and Chief Strategist at CreditSense.com – about some of the specific ways to hack funding. Merrill shares how his team is helping people get educated out there, breaking down how they do it step by step. Merrill then gives funding hacks for those who have multiple names and addresses. He talks about how you don’t want to be going above 40% with credit cards while giving you advice on how often you should call your companies to see about getting credit increases. Merrill shares a couple of events you can participate in to get educated on all of this.
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There is so much great stuff in the note space that not many get to see and explore. Bringing them into the light, Scott breaks down some of the different note investing segments and assets that note investors dive into. He gets into the different little niches, from attractive to affordable to a combination of the two, where you can find a great place to park some money in the long run. Educate yourself and look into this great introduction as Scott lays bare the pros and cons of first and second liens, residential and commercial notes, partials, owner finance notes, and performing and non-performing assets.
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Scott talks with Michael Silvers about entrepreneurship, viral marketing, building a tribe, and podcasting along with his Viral Marketing Bootcamp. Michael is a lead trainer and director of coaching for an international personal development company. He shares his great insights about being out there and sharing your message. Almost everyone in the world connects to a number of things, and you should take advantage of that fact by sharing your story because there will always be people who listen no matter what industry you are in. Michael also touches on bringing a shared economy to podcasting which gives you a family and a team to support your message.
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As much as we would like to live in a world of amazingness that comes with buying distressed debt and notes, it helps to remind ourselves to look to the other side and consider the opposite as well. Scott discusses what would happen if the market suddenly dried up and what he would do to invest if the note market came to an end and the world of distress debts are no more.
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It is great when you figure out how to build something that can work and make money for you while you’re not there so you can go out and have a great time. It is also important that your main flagship has got to be good and you can be proud of putting your name on it. Aaron Young, the Chairman/CEO of Laughlin Associates, a 44-year-old company that has helped over 100,000 entrepreneurs start, grow and profit from their business, says it’s essential to know what people want and get it for them for you to become wealthy. Scott talks with Aaron about some of the entrepreneurial lessons learned while traveling to Europe and some surprising things you’ll identify in the Red Light District of Amsterdam.
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Wrapping up the nation’s largest online and digital marketing convention, the Traffic and Conversion Summit 2019, Scott shares the wisdom he took and learned. Proving the value of surrounding yourself with people who can help you grow, he highlights how your network is your net worth. As the world continues to change, you have to be able to reach out in order to adapt. Going out there and attending events are ways for you to expand and build the momentum going forward.
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Merrill Chandler, Founder and Chief Strategist of CreditSense, shows us how to be smarter in the industry as he goes about the scenarios that could give you the fundamentals to tackle the note business. Learn whether you are fundable or not as he talks about the 40 different point factors that banks look at to measure your credit profile. Merrill also talks about how you can make yourself recession-proof. Looking at your credit cards, find out how you can evaluate whether or not they have high value. Furthermore, protect your or your business’ fundability from getting the worse deals by knowing how not to be part of the susceptible borrowers list.
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Coming into the note business may not as easy as it sounds. Far from what people think, it takes a lot of marketing and time. Keeping your realistic expectations in check, Scott talks about the reality of the note business. At the heart of it, what the industry requires is patience paired with consistency. Scott gives some great wisdom to think about when coming into the real estate space and imparts some advice about marketing techniques.
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Starting a fund is not as simple to do as you may think. It is not something that you should do immediately if you have only done a couple of deals or no deals. Before jumping in head first, there are a couple of very important things that you have to consider – from looking for an attorney to getting in touch with what you really intend to do with it. Scott shares some of the important points you need to cover and lays down some necessary questions that you have to think of ahead.
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When you’re in the note business, there are some effective activities you can do during the weekend, especially when you’re bored. This episode is tailored more towards those who have a full-time job and they’re not 100% in the note business. Scott outlines some of the things you can do to make your weekend worthwhile, starting with pre-writing your email and pre-writing your asset manager blast to spending time on LinkedIn and pre-planning your week. You can also spend a little time to recharge your batteries. It’s definitely okay to have some fun on the weekend and spend it with your family.
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Being entrepreneurs, we tend to get lost in between the business of day to day that we forget to touch on other aspects that make doing what we do more fulfilling. That is why when downtimes happen, it is easy to let it get to us. Joseph Warren, host of the Broken Catholic and FIRST $100K podcasts, speaks about an important part that not most of us touch upon – entrepreneurial faith. It is believing in yourself as an entrepreneur together with believing in God to help support us and receive His grace. He talks about how we get caught in this idea of success that we distract ourselves from being honest with what we do. Joseph brings faith into the business, reminding us to show up in the world from a place of authenticity.
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A micro influencer is someone who has an audience in social media networks, usually comprised of a focused passion, topic, or niche market. They are the people who have the authority and provide content that sparks interest to audiences. Rockstar marketer Elijah Whites from Serving Social joins us to dive deeper into the subject of micro influencers. Elijah explains that collaboration with fellow micro influencers is one way of engaging and growing your followers. Being a micro influencer is a great way to build brand trust through consistency with your branding, and being a narrative by telling people about your stories. After all, everything you do online is all about engagement.
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Many entrepreneurs have so many things on their plate that they forget to set that distinction between themselves and their companies. Brent Buscay, the VP of Operations for Laughlin Associates, says whether you’re one person or many, you need to show that separation because that separation between you and the business is what provides you with that protection. Brent has been with Laughlin Associates for 29 years, sitting down with clients to help them map out effective strategies in forming a business, managing their entities, and keeping their assets protected. We get to hear more of what Laughlin Associates do that makes them one of a kind and discover the common mistakes entrepreneurs, LLCs, and corporations make.
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Most of us here are in the industry because we have come to love real estate or note investing in one way or another. As we continue with this deep relation, it helps to remind ourselves of where the market is at to make sure we don’t fall out of love of it really fast. Just as notes can be jaded, something sudden could happen that might stab us in the back. Keeping these realities in check, Scott shares what he loves about note investing and what we need to keep in mind.
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In this Money Mondays, Nate Hare of Quest Trust Company shares what they are up to this month, revealing some great deals for the love month while giving the rundown of some of their other events this year – be that online or offline events. He covers the March Madness, Masters of Tax Avoidance online boot camp, the Dallas Expo, and more. Nate also shares some housekeeping when it comes to retirement accounts as well as the steps IRA specialists have to go through to become certified.
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Fresh from the Super Bowl, Scott tackles one of the popular questions that keep coming up among note investors out there. How do you cancel a bid? For those who do not want to burn a bridge or get blacklisted from the fund, cancelling your bids right could save you from them. Scott shares the proper ways to do that, showing how it does not have to be necessarily stressful. All you have to do is pick up the phone and communicate.
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One of the most awaited sports events in the country is the Super Bowl. Everybody gets excited and cannot wait to have a really good time. If you take a look at it from a different view, many of us have our own kinds of Super Bowl events. It could be a wedding, a long-awaited trip, or even a child’s graduation. What is your super bowl? What are the events that excite you and get you rocking and rolling? Scott looks back on his own Super Bowl events as he reflects what it means within the industry, reassuring us that there will be victories after the tough times; all we have to do is keep moving.
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In this business, it helps to have your assets secure and protected. Scott Smith, attorney and owner of Royal Legal Solutions, is your all-in-one legal solution as he helps investors of all types and sizes with asset protection and more. Scott takes us into what he and his firm do, what they offer, and how it benefits you. He discusses some of the biggest mistakes that real estate entrepreneurs and investors are making these days, and shows the things they do at his firm to solve these. Scott also talks about his podcast, Real Estate Nerds, and the biggest surprise he got from interviewing other people.
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Scott brings the wisdom he got from attending Mark Yuzuik’s Total Transformation event about breaking bad beliefs. As entrepreneurs and note investors, we often limit ourselves with our own capabilities. We are not fans of ourselves. However, the only way we can truly reach our goals is by transforming. This total transformation not only takes place mentally. We have to go outside of our own heads and dive deep into our subconscious level to sort the limiting beliefs we have. Scott lays this down as he shares his own experiences and reflections on what it takes to actually get things done.
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If you have been on social media recently, you may have encountered the ten-year challenges that people have been posting as they look back on the changes and differences that happened between the past and the present. We take a spin into that as we look at the ten-year marketing challenge. Scott looks back at his journey and sees the value with the changes he has now. He asks you to do the same as you gather up the courage to start taking action, and maybe in ten years’ time, you will be where you want to be.
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In Napoleon Hill’s book, Outwitting the Devil, he talks about how a devil distracts us as entrepreneurs and people. In the note business, we can see this in how there are days where we get frustrated with the lack of activity and success with our deals. What ends up happening is that the market becomes too noisy with our own worries and what’s going on around that it distracts us from our goals and from following the right direction. Scott guides us how to cut out the noise as he talks about social media and the everyday distractions we face. He talks about the noise we find in our note business and how you can value your time and find your focus.
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Our uniqueness, as well as the different adversaries we face, have their own significance in this world. We can use them to inspire and make a difference and impact. Diving deep into that is Aaron Young of Laughlin Associates. He talks about making an impact and what it means to help others leave their own legacies. We all want great significance in our lives, that is why we sometimes feel the weight of the world on our shoulders. Aaron gets us out of the hole we dig ourselves as he shows us how close and capable we are of making a difference to others by allowing them to benefit from our own experiences.
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For many years, CreditSense has been helping individuals, real estate investors, and savvy borrowers to optimize their fundability, which is your ability to get funding, whether it’s a mortgage you’re after or your business lines of credit, commercial loans, or whatever it is. On this episode, Scott talks with Merrill Chandler from CreditSense about their online classes to help investors boost their credit scores to help them become more fundable.
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Scott interviews Scott Bower from the #INVESTTHIS Podcast and discusses his transition and growth as an investor and some of the obstacles that he has overcome along the way. Scott is closing over $20 million in transactions and does an amazing job not only as an investor of investors but also as a show host for his podcast.
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We all get overwhelmed. Whether we’re working on paperwork, the tax season, the holidays, or getting a deal closed, it’s easy to feel overwhelmed and have the fear factors start to kick in. Fear is nothing but false evidence appearing real. That’s what it stands for. There are a lot of learning curves in the note industry. It doesn’t mean you shouldn’t be fearful, but instead of sitting there and letting fear paralyze you, Scott says you need to do a couple of things. On this episode, Scott breaks down some of the biggest fear factors in the note industry.
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Self-directed IRAs differ from other IRAs in that it permits the owner to have more control and flexibility to choose from a broad spectrum of investments. If you do your homework and buy at the right value at a good time, these investments can potentially have compelling returns over time. There are very few limits on what a self-directed IRA can invest in. Scott Carson is joined by Ingrid Chavez and Keaton Munster from Quest Trust Company to discuss some of the biggest goals and new opportunities in 2019 with Quest Trust and your self-directed IRA.
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For the 400th episode of The Note Closers Show, Scott breaks down some of the lessons learned along the way to 400 episodes. He recounts how they got started doing Facebook Lives and their most watched episodes as far as downloads. He also breaks down their four biggest wins and four biggest losses over the last twelve years, as well as the four biggest things over the last decade that have helped to shape him.
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We cannot deny the fact that the world is becoming even more social, all thanks to the internet. From the way we go with our personal lives and even with our businesses, we find ourselves slowly adapting to this new normal. Exploring what we have come to know as social media is Stefanie LaHart from BoomTown Marketing. Stefanie talks about marketing and effectively using Instagram in your real estate business. As a social media marketer, she shows off her expertise by laying down how Instagram is the go-to platform, while weighing down the rest – from Facebook and Twitter to LinkedIn. Stefanie also clarifies what social engineering is all about and provides great tips and tools that will help people get their marketing boom.
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As 2019 kicks off, people are talking about what’s up with the market and the note industry. Scott discusses how you can change things up this year. This is a little bit different than previous episodes talking about what you should focus on the next year and where your business is going, as this is focused solely for note investors and people that are into the non-performing and the performing side of business. Scott talks about your 2019 focus on this episode of the Note Closers Show. He shares the places that you should be looking for deals and funding. Hint: It’s not where most others are looking!
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Tweaking your focus is definitely a great plan for the new year. The market has changed, and establishing a new plan of attack to go by these changes is what you might want to focus on. On this episode of the Note Closers Show, Scott talks about what you should be focusing on in order to reach your goals. He also shares effective techniques to organize your game plan for the new year.
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Another New Year means another great year left behind. Nothing makes you reflect more and be more excited of the future than nostalgia. As 2018 has come and gone, it is time for you to up your game and remember what you have learned from the past to claim 2019 as your year. For a 2018 year-end review, Scott Carson breaks down some of the highlights and the top ten episodes of 2018 for the podcast. Hitting over 155,000 downloads, he shares the episodes that made a huge impact to the majority of listeners. He gives out the things he has planned for the New Year for the company and the show, as well as some of the goals he personally set for himself.
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The New Year does not feel like new when you just keep yourself stuck on your old ways. 2019 just kicked off and it’s time to finally make a change and jumpstart your business. Aaron Young talks about how to really facilitate change in the New Year by surrounding yourself with new people, and why a mastermind may be the right thing for you to dramatically expand your business in the new year. Find out the value of opening yourself up to different voices, new perspectives, and experiences as Aaron shows how to break away from the limits you put on yourself. As he says, if you want to have a different experience, you have to become a slightly different person.
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On this episode of the Note Closers Show podcast, we’ve got my friend, Henry Kaminski, Jr. on to talk about branding mistakes business owners make. He is a best-selling author, podcast host, and the founder of Unique Designz by the HMK Group. Henry shares his expertise as “The Brand Doctor” by discussing why it is important to be yourself while giving value to people. Touching on social proof, mastering your niche, and sharing your story, he explains why authenticity is a word that never goes out of style in the branding space. Learn how to understand your audience as well as working with optimal confidence to triple down on everything else.
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Scott interviews Thom Singer from the Cool Things Entrepreneurs Do Podcast about stand-up comedy, public speaking, and some of the cool things that entrepreneurs get to do in their day-to-day activities. Merging comedy and public speaking, Thom shares how he makes use of the two in business and in life. He talks about his podcast, sharing the biggest a-ha moments he had encountered, and explores networking and why it is beneficial for the business as well as how to reclaim its badly tainted reputation. Learn some great advice and tips on how you can connect with people through networking and speaking.
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The end of the year is something that makes anyone feel either anxious or excited. Partly the reason is the fact that so little time is left to meet your goals and finish up some pending tasks. Scott talks with Ingrid Chavez from Quest Trust to discuss some of the deadlines that self-directed IRA investors have to keep in mind as the year comes to an end. Learn more about evaluation and asset evaluation forms to submit as well as the fair market value of the assets. Also, take a peek into the new tool offered by Quest Trust and their upcoming events that will help you as investors even for the years to come.
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One thing is true of life, which is it constantly moves us through change. Whether in business or in our personal lives, we are wired to go through transitions and reinvent ourselves hopefully for the better. Scott interviews entrepreneur, the master of reinvention and podcaster of Reinvention Radio, Steve Olsher to talk about ups and downs, the New Media Summit, and overcoming obstacles. As the poster child of reinvention, Steve provides great insights and advice on how you can effectively reinvent and pivot in your industry—from pursuing a passion, to even using real estate investing to help that. He talks about the mindset of getting eight figures and beyond in business, moving left when everyone else goes right, the resilience of the human spirit, partnerships, podcasting, and more!
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Scott interviews Chris Krimitsos who is the founder of Podfest Expo. They take us into what happens in that event, what to expect, and when to expect the next. They also got down to it and talk about podcasting and its growth over the past couple of years. Chris shares his own background of doing events to phasing into podcasting, giving some insights on the biggest things people struggle with when starting something and providing some suggestions to overcome them. Seeing the growth of his event, he talks about some of the things that still surprise him until now. Finally, Chris shares some great advice to those who want to jump in with podcasting on how to find their message and their voice. Love the show? Subscribe, rate, review, and share! * Here’s How »
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When we look back into the past couple of years of our lives, we will see how much we have grown. For some, it will be a long and remarkable trail. For others, the past could have been just a couple of steps. Nevertheless, no matter where you are in business and in life, there will always be a number of years that we can all look forward to and make a difference. Scott spends time discussing the last two decades and offers some insights on what you can do with the next twenty years.
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Scott talks with Dan Handford from Multifamily Investor Nation about the apartment market deal opportunities and his upcoming online apartment event. Dan shares some great nuggets about where to find your deals, especially for those that are looking at multifamily. He gives out the places where everybody else have been missing while laying down the big ten countries you could look for deals. Dan also talks about some of the tax advantages as well as the biggest mistakes investors are getting into when it comes to the multifamily game. Rounding it all up, he talks about his online community at Multifamily Investor Nation and his upcoming event.
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So much in the world has changed that the playing field has become totally different from the past. This poses a struggle among many entrepreneurs who feel left behind. Long-time entrepreneur, TV online personality, and founder of the Breakthrough Mastermind, Scott Duffy, discusses entrepreneurial breakthroughs and overcoming hurdles. Scott shares how his mindset has changed in the last few years and how he completely re-engineered and recreated Scott Duffy for the world. Taking us to his journey long before that, he shares how he eventually found his entrepreneurial tank out of gas one day, which led him to learn the four things that changed his life with the help of David Meltzer. Scott breaks down these things and gives some lessons about being able to hold yourself accountable and more.
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People are becoming more reliant to the internet, especially when it comes to searching for certain places within their area. We’ve all been there. In fact, we have probably used the phrase “near me” on Google. Talking about the impact of that, we’ve got Elijah Whites from Serving Social. Elijah talks about how to market to your local no matter if you are at home or on the road, as well as how it helps to tell your narrative. Learn how to creatively engage with people on social media. Find out how to do localized marketing and make the most of events in your area.
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Many business people think we are not as creative as we would like to be. We sometimes fail to give ourselves credit that we end up getting stuck doing the same things over and over again. Phoebe Mroczek from the Unbecoming Podcast discusses some of the struggles to overcoming the hurdles and the mind games that we play ourselves. She gives the five A’s of finding your message – audit, align, affirm, act, and amplified. Phoebe also touches on being adventurous in life and in business, and getting over that fear of failure. Take a dive into traveling, doing shows and asking the right questions; and learn what good thing you need to give up in order to be your own thing.
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Joe Fier and Matt Wolfe from the Hustle and Flowchart Podcast talk about marketing hacks for entrepreneurs along with the release of their newest book, The Evergreen Traffic Playbook. They get down to business and share some of the best content that helps drive engagement, covering videos, blogs, and more. They also give out the easiest things that entrepreneurs can put together to get into the digital age that can help drive traffic to their website. Taking it closer, Joe and Matt also touch on being an entrepreneur – what mistakes they often commit as well as finding their a-ha moments.
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You got to be able to pivot a little bit with your business, whether it’s being a little more focused on the real estate side, the distressed side, or the owner finance side of terms. Longtime note and real estate investor Kevin Shortle from ProSpeak Productions says we still have a lot of untapped opportunities out there, but you have to have that depth of knowledge to continue on. Scott talks with Kevin about what’s going on in the current note market.
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In the note business these days, it is not enough to just stand in a corner and wait for people to come to you. Now more than ever, you have to be creative. Scott talks with Larry Goins from the Goins Group about some of the creative financing strategies that Larry is doing with his deals in the Carolina market. They give out valuable advice to those that are looking to get into owner financing, filling the conversation with testimonials on attracting buyers and selling their house. Larry shares how he finds his buyers as well as how to reach out to them, whether through email or direct mail. He also gives his thoughts on where he sees the market going in the near future.
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Affordable housing across the country is getting tighter and tighter, and that’s where the opportunities lie the most, especially in the commercial space. Commercial real estate investor Hunter Thompson looks for recession-resistant assets of which self-storage and mobile home investing are on top of the list. Hunter talks about how he got to the world of commercial and shares what’s compelling about it – the scalability, the recession-resistant component, and other major advantages.
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As investors, we always crave for inside information as much as we can get them. Scott brings on Merrill Chandler, CEO and Chief Strategist at CreditSense.com, to talk about some of the funding secrets that Merrill shares with his clients. On top of that, Merrill also shares the newest event that he has planned. They break down what Credit Sense and Z Funding is all about while also going deeper into some of the biggest unknowns that affect people from weaponizing that credit – from last names to use, to disputing, and more.
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Scott interviews Tracy Z Rewey from Notes Direct about her 30 plus years of experience as a note investor along with what investors can look for at Notes Direct. Tracy Z shares how leveraging BiggerPockets has helped her out with a number of things, giving some of the key points to those looking to buy or sell an owner-financed note. Bringing up her product, she talks about the importance of an independent third-party servicer to the notes business, especially in the market nowadays. Tracy Z also points out some of the biggest mistakes investors tend to do out there when marketing deals and gives her take on where she sees the market going.
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What entrepreneurs fail to get is that sometimes, businesses cannot be sustained only by the technicalities. It also feeds on various aspects of our lives, most especially our spirituality or the things that we believe in. Scott interviews the host of the Spiritual Entrepreneur Podcast, Devi Adea, about the balance between an entrepreneur’s business and their spirituality. As a “soul-full” speaker, author, coach, and conscious business strategist, Devi shares how she found what was missing which was the part of her voice that she had stifled for so long. She breaks down some tips for those that are struggling with fear, whether that is of starting out or taking an opportunity. Devi offers some great advice and puts forward how we should take care of ourselves as much as we do with others.
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Humans as we are, we are bound to make mistakes. The great thing is that, every now and then, we can learn from each other’s downfalls and improve. Aaron Young from Laughlin and Associates talks about some of the biggest mistakes that entrepreneurs make. He is an entrepreneur, trusted advisor to CEOs and business owners, and creator of the program, The Unshackled Owner. He takes up his experiences to give us nuggets about things entrepreneurs can do to avoid messing up, as well as the best ways and practices for them to make sure and protect their assets. Aaron highlights the importance to plan for the end game in mind.
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One of the familiar struggles we have in the note business is actually reaching out to realtors and getting them to go out and look at property and go through the rest of the process. This can be a frustrating dilemma that makes you want to peek into the mind of a realtor and know what is up. On this Note Closers Show, Scott talks with Chicago area realtor (and new Mastermind member) Catherine Brennan about the Chicago market and what investors should keep in mind when looking to work with a realtor in a new market. They discuss how to deal with realtors and reach out to them. Catherine also shares some of her experiences – from how she started in the note investing space to talking with assets managers – filling all of us with great insights and advice along the way.
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There are a variety of people working with their money in multiple forms. IRAs and 401(k)s are no exception when it comes to that. It may even be a challenge to look for them. How then do you tap into IRA investors amidst all of this? Now that we’re at the end of the year, more people are going to be looking at their statements and would want to get back into shape for the next year. It’s time to grab this opportunity as Scott breaks down some of the ways to find and attract IRA investors to your deals. Learn where to look for lists and utilize them while arming yourself with a couple of tools that will help you put yourself out there in the most reachable way.
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Buying a note is not only a single transaction and then everything is done. It has to go through some before and after preparations, most especially when it comes to paying. Many people tend to forget this and fail to put in some important calculations. Scott breaks down some of the costs associated with your upfront due diligence, along with back-end costs to your note deal once you’ve purchased it. He talks about the things you need to consider when you sell as well as the note costs along the way – from ROI calculations to foreclosures, and more.
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Everybody makes mistakes. Those who are smart learn from others. Scott breaks down the ten biggest marketing mistakes that he and other real estate investors are making with their marketing. He gives out some great advice along the way that will also help you overcome them. Covering marketing mishaps from emails and video thumbnails to plagiarism, you’ll find how much you can actually improve how you’re doing marketing. Learn the ways while gathering some great information about business.
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It might seem counterintuitive to have a note nap time within your day. Yet as much as we doubt it, we have been experiencing this since our kindergarten years. Scott discusses the value it brings even up to now in your business by way of scheduling. He breaks down the importance of organizing your schedule and owning it. Not only will it make you feel better, it will also bring about more productivity. Learn some great tips as well as personal examples that will convince you to take the time to actually get things done by giving yourself the control of time.
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Society tends to tell us that we can’t always get what we want. This has been so embedded that we close ourselves off from pursuing a greater and bigger life. Showing us that we can actually do that, Scott interviews Kelly Resendez of BigVoicesRise.com about entrepreneurship and how entrepreneurs (both male and female) can give themselves a bigger voice in the market. Kelly gives us some wisdom from her books, Foundation to Sustainable Success and Big Voices, highlighting the mode of scarcity we live in as well as sabotaging management plans. Empowering entrepreneurs to reach for success, she talks about the importance of putting yourself first, to retreat and find that inner peace. She rounds it off by talking about helping women awaken their feminine warrior.
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It’s the second to the last month of the year. This does not only mean that the year is almost ending, it is also about the final stretches we are about to take to prepare for the next. Scott breaks down some of the things that you should be doing in the fourth quarter of the year to help you capitalize on the New Year. Learn as you equip yourself the knowledge of reaching out to investors, creating your own identity, and avoiding joker brokers. Finishing strong is what we would like to do when it comes to actualizing both the goals we have set up from the start of the year and on to the next one.
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A lot of people are looking to invest at something. However, the California, Oregon, Washington state, Arizona, or Nevada markets are overpriced for the most part. That’s not saying you can’t find something that makes sense, but for the normal note investor, those markets are a little overpriced and just don’t seem to make sense. You could actually buy a load of assets across the country and totally leverage your risk and go from there. On this episode, Scott breaks down some of the things and markets to look for when picking a note market to invest in for notes.
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We’re in a very unique period of time right now, but there are still markets out there that you should be looking at that you should be investing in. As we’re starting to see even inventory back into the sheriff sales, Tom Olson thinks it’s better to be more centrally located and building the communities is going to be way more important in the next 10 years than it was in the previous 50 years. Scott talks with the founder of Good Success, Tom Olson, about the Gary, Indiana market, entrepreneurship and growing your business like a tree. Tom has been an investor for over twenty years, starting with first purchase when he was nineteen years old. He owns several businesses, investing across many different spaces. His unique ability to project vision enables him to lead this company to greater heights every day.
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Don’t be stuck on one-deal source. Don’t get stuck on just one person, one bank, or one hedge fund providing deals. Go out and develop other relationships and other lead sources, because it may not pay immediately, but the moment one faucet shuts off, you will be able to reach over and turn another faucet on to help you feed your business. Scott discusses how we are all one source away from expanding or imploding our business if we don’t leverage our business carefully.
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Where do you see yourself in the next three years? Where are you growing? How are you? More so, what’s guiding you down the line? Think about this now. Take a look at where you want to be in the next three years and start to visualize it. What would you do if money was not an issue? Describe it. Many of us don’t do this enough on a regular basis. We all get bogged down with paying bills, running from one event to another, raising kids, work, and other things we’re working on. However, we have to take time to reflect on where we’re at and where we ultimately want to be. Scott breaks down what he thinks that the future holds for note investors over the next three years.
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When you’re speaking at a conference or an event, you want to make it worth the audience’s time and make sure you walk out with some great students. The biggest thing you can do is just do the right things – show up early, play full tilt, and be respectful. You will often find that you’ll turn any event into something amazing that a lot of other speakers or attendees won’t get because they don’t play by those rules. Learn more about those rules as Scott discusses the three biggest things to consider when you are speaking in front of audiences that will help in maximizing your speaking opportunities.
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Back in 2012, the JOBS Act was passed. What we have seen happen is that more people are now advertising for investors because there’s a couple of different rules that allow you to advertise for investors. One of those rules is 506c which allows you to raise money from accredited investors only. You can do general solicitation, but you have to verify that those investors that are coming in your deals are indeed accredited. On this episode, Scott talks with attorney Jillian Sidoti about some common crowdfunding mistakes and ways to legally raise private capital.
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With the world getting smaller and smaller, it has become inescapable to feel overwhelmed. Especially for entrepreneurs, we tend to get bombarded with so many emails and events to go over and attend to. Adding to that pressure is the closing of the year where things seem to pile up more and more, and even attaining goals become desperate. On this Note Closers Show, Scott breaks down your calendar and how to maximize your year by best picking the event that you’ll attend for your note business. Sometimes, you just have to think what best serves you in the end and not try to spread yourself too thin by attending every event possible. Know your calendar, reconsider your choices, and identify the must-attend events that can serve to the success of your business.
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A lot of people going from working a job and chasing the entrepreneurial dream are starting to become leaders in their industry, whether they’re just starting off or they’ve been in it for a while. However, there are also those who face big hurdles in identifying who they are and getting their message out. They don’t take action because they struggle with making everything perfect before they take a step. They have fear of judgment, of being seen as an impostor, or of not being taken seriously. Scott talks with entrepreneur and coach Ruby Fremon about being honest with oneself to accomplish big things in today’s business world. Ruby hosts a podcast called LovePunch and specializes in working with the new generation of thought leaders who have a message and a purpose but are struggling with putting themselves out there to make their voices heard.
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Oftentimes, people are asking the sellers what they’re looking for. However, a lot of sellers don’t want to give a price point because they don’t want to price against themselves or they want to get the highest and best. If they don’t give you a true price, then check out the Stair-Step model which is a guide for pricing non-performing notes. On this episode, Scott breaks down some of the pricing guidelines to consider when pricing your note and CFDs.
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The internet has made it very easy to connect to people. Through social media, we now get to share stories with one another. This is very vital for entrepreneurs out there. It helps to know that it’s not as simple as posting a picture or a status. It all has to do with your ability to create a content that will speak to your audience. Scott talks with Elijah Whites from Serving Social about some of the best ways for content creation in your business. He identifies the things you should be talking about to your audience from email and Facebook, to YouTube videos and more! He shares some ways to curate content that will ultimately make your stories speak no matter what platform.
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It’s almost the end of the year. Not only does that mean the holidays is coming, but it also means looking back and seeing the things we have accomplished. This can be quite daunting to do – to look back and find how we still have so much things to race forward to and achieve. More than that, the end of the year could mean a new beginning and into bigger and better goals. Scott discusses some of the things that WeCloseNotes.com is doing to plan for 2019 and beyond. Scott also gives some great things to ponder about to help you realize the things that you most need to achieve your goals.
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Scott brings on Kristin Adam Gerst from Capricorn Mortgage Investments to discuss some of the things about buying, selling, and creating your owner-financed notes. They cover topics from interest rates to finding the right places to sell. Kristin shares some personal accounts while giving insights into how to handle buying and selling notes. She tackles credit scores as well as the structures about down payments, notes, and acquisitions. Kristin also touches on debts and how it can affect you as an investor looking for clients.
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Sometimes people want to do all the heavy lifting on their business credit profile that they are creating behind notes on credit card using their personal instruments. As a result, anytime they have to carry a balance, it hurts their personal credit profile. If you are one of these people, what this implies to your business is that you diminish your funding stability. Scott talks with Credit Sense and Z Funding CEO, Merrill Chandler, about how to weaponize your credit to qualify for lines of credit from banks along with talking about some of the errors on people’s personal and business credit. They explore the million-dollar funding formula for investors and entrepreneurs out there. Learn the things you need to know about funding and credit as they tackle topics from qualified funding entity and optimized personal profile to business lending and credit.
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Earning money can be quite challenging, so much so that we become anxious just thinking about it. As a result, we freeze and hesitate to take the next action. We find ourselves in this loop of procrastination. Finding the alignment of our feelings to money can be a good solution to move forward. Scott talks with master karma and anxiety healer, Abby Rohrer, on how entrepreneurs can increase their money karma. Diving deeper into the role of nervous system, Abby talks about the kind of healing that will cure us from having money problems. She shows some ways to clear out the negativity and anxiety that will help people overcome their obstacles to gaining money.
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Most investors still find it hard to raise private capital. What they don’t know is there are actually a lot of ways you can do it, even in simple steps. Scott breaks down some of the easiest ways to find and connect with other real estate investors and private funding sources. He shares some tools and websites you can go to to begin such as Bigger Pockets, and shows how doing presentations to connect with more people and potential investors is a great help.
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On this topic of Money Mondays with Quest IRA, Scott talks with CEO Nathan Long about how to stay out of trouble with your self-directed IRA LLC and some things to do keep it clean. Proposing two major options, they delve deep into the trust and getting a 401(k). They also talk about a big announcement concerning Nathan’s company and the values they are about to bring to more people. Nathan shares some of the bad stories that he experienced with clients, while showing some great insights that he learned from his mistakes.
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Reaching your goals is all about setting numbers and hitting them. The same way we do every New Year, we create these visions and goals to reach and hit the mark. Taking it to the business aspect, Scott discusses the best way of planning your numbers in your note business. He talks all about the numbers you need to keep in mind to be guided on your future goals and moves. Scott gives the major points that you have to consider – how many offers do you have to make, how many emails you have to send, how many notes to look through, and more – and helps answer them one by one to help you accomplish your goals.
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The podcast scene has been gaining its popularity among entrepreneurs and business owners who want to become experts in their own fields. It has been a great tool to create connection with people while imparting knowledge at the same time. Giving newfound insights, Scott talks about some of the nuggets that he took away from the Austin New Media Summit podcasting event. He shares how one becomes an icon of influence, and talks about the importance of knowing where you’re going, who you’re talking to, and honing your pitch. He shares the three main nuggets of wisdom he learned that will hopefully aid you to improve in your podcasting.
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Scott talks with Fuquan Bilal from the NNG about the second lien market and other real estate opportunities. Fuquan is the company’s CEO, which stands with the principal mission of capitalizing on the growing supply of mortgage notes in the interbank marketplace. Showing his expertise, he talks about how there are so many ways you can earn money, delving more into trading, foreclosures, and more. He dives deep into the second lien space by sharing the market change while offering some advises on where best and how to do it. Noticing how people sit on the sidelines waiting, he shows the importance of figuring out how to play in that space.
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Scott talks with Rebecca Miller about the different self-directed employer retirement plans offered by Quest IRA. If there is someone who has this topic down, it is she. As one of the longest tenured employees at Quest IRA who joined the company in 2009, Rebecca currently serves as the Special Accounts Director, specializing in employer plans such as the complex Solo 401(k). Rebecca shares her journey with Quest IRA and talks about what goes under the consultation processes of 401(k) and IRA. She also answers some questions about how to convert one from the other, and presents some of the coming events they’re holding for you to get that education.
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For those who are out there looking to get to know businesses and wanting to start wholesale but lack their own capital, you are in the right place. Justin Bogard from Bright Path Notes talks about wholesaling notes to other investors and gives generous insights about the industry. Justin also touches on the importance of marketing and networking as a wholesaler and learning how to qualify your contacts by having an honest conversation with buyers. Sharing more his experiences, he discusses the biggest learning curve he has as a wholesaler – sales. Justin lets us in on how he started Bright Patent Notes while talking about closing and mortgages. Finally, for those who are new to this, he gives great nuggets that will help you tackle that next move.
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Scott talks with Bob Repass from Colonial Funding about the upcoming Note Expo and the Seller Finance Coalition. Seller finance has become a very interesting product and serves a great need for those who want to be homeowners but typically can’t get traditional bank financing or maybe the property is not traditionally finance-able. Bob goes deep into that and provides great insights on how you can take advantage of this opportunity, while introducing the paper aspect of investing. Bob has been an advocate of bringing the community together, and he gives a peek into what you can expect from the Note Expo.
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If you have a crystal ball to look at mortgage defaults, what would you do? Scott talks with the man who knows what, Brecht Palombo from Distressedpro.com. They discuss about the residential and commercial note markets and what opportunities you should be tracking. Brecht is a licensed auctioneer and real estate broker in a number of states. He imparts his knowledge on commercial deals, highlighting how cash flow and the cap rate plays into that. Bringing up the usual problems of note investors who love to do the bare minimum, he encourages them to stick to the deals and do the due diligence on them. He also talks about how banks rebuild returns up for the end of the year and shares what he is working on over the next twelve months.
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Scott interviews note investor and mastermind member, Laura Blunk, about some of the mind blocks that affected her early on and how she overcame them to close on thirty plus deals in the past year. She is the portfolio manager for Silver Hammer Investments, a Texas-based, family-owned real estate investment firm specializing in buying distressed debt. Laura discusses assets, closing notes, making offers, and her goals in the business. Providing great insights on what you need to do and expect when making deals, she highlights the lessons she learned along the way and how to come off as authentic and more trustworthy to investors.
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Many people are interested with real estate investing. However, not many get to fully enter the industry because they don’t have someone who can guide them with the right knowledge. To help with that, Roger Blankenship from the Flipping America podcast talks about the current real estate market and working with new real estate investors. He covers topics like disasters and how it would affect properties and fixing and flipping houses. Teaching people how to buy outside of their home market, he talks about the important role of relationships with real estate agents. Going further into his own work, he shares about his podcast, meeting and helping people, sharing information, and the online courses he is offering.
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Bob Zachmeier talks about his take on owner financing and working with private investors to fund his deals and help them buy more groceries. As a real estate broker, he gives great insights and advises for those people that are looking for their IRAs and even those still exploring this industry. He offers a great analogy using buying groceries to impart that knowledge better. Sharing the hiccups he experienced along the way, he inspires people of his creative ideas that continue to create opportunity. Lastly, he highlights how helping people help themselves is what truly makes the job all the better.
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The commercial market is where you most want to be at the moment and we’ve got the break down of all the important insights and information about it. Scott talks with commercial note investor and co-founder of Dandrew Partners, LLC, CEO of TheCommercialInvestor.com, and co-founder of ACPARE, Sal Buscemi, about the commercial market and where opportunities lie. He discusses the usual mistakes investors and buyers tend to make in investing in commercial loans and offers some tips on how to do better, from investing in single-family units to multi-family and more. He also gives inputs on how to raise a capital by highlighting the importance of gaining confidence in talking to investors and other experienced people while giving out his pitch book.
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On this episode, Scott talks with Elijah Whites from Serving Social about the proper mindset when it comes to being an effective marketer. Elijah is the CTO and an executive of Google Partners program at Serving Social, LLC where he has had the opportunity to work with highly influential companies across numerous industries, increasing brand awareness through technology, which he lays down one by one with us – from uploading and optimizing photos on Google Maps and Bing, to putting up your content on social media. He further details the ways we can upload video content right from the set up behind the camera to the way it is published on the feed. Ultimately, he has discovered new and creative ways to place in the midst of all these marketing strategies that helps you plan on how people perceive your business.
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How do you buy a house without the money? This question is quite left unanswered and often pushes people away from pursuing real estate. Fortunately, you have an existing financing in place with Subject to Deals. Scott talks about owner-financed notes with owner financing expert, Grant Kemp. Exploring more on that, they distinguish the differences you must take note of and the things you must be wary about before diving in. Grant gives tips on how you can find these deals while exploring the due diligence, paperwork, and the RMLO. He rounds it up by sharing his thoughts on some of the biggest mistakes people investors make with owner financing, putting to mind the role played by social media.
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Scott interviews Keith Baker from the Private Lender Podcast about private lending and some of the things to consider when becoming or working with a private lender. He shares some things people might not know about the business—how being a lender to real estate investors is a business loan between two individuals and what they can do with their 401(k) to self-directed IRA. They gush about Ron LeGrand while giving some insights on how to do private lending. He shares what he likes about private lending and its difference with bank loans. Learn as he gives the risks to stay away from and tips on taking care of your investors. Finally, he pushed forth the importance of saying no as he provides some insights on what makes a deal attractive.
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At some point in our business careers, we will face a number of clusters that prevent us from just moving forward. And sometimes, we become oblivious to them that we can’t find our way out. As note investors, it helps to look back at ourselves and figure out whether we ourselves are holding the business down. So Scott discusses the importance of untangling the “Christmas lights” that we all face and how to eliminate the confusion that we all face from time to time as note investors. He talks about the basic things you can do to avoid the cluster when you’re just trying to get rock and rolling, asking us to ponder into ourselves as well as giving great tips on building your lists in this business.
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It’s so easy to get drowned with other people’s opinions that you find yourself building your success around what they think. You forget about your own set of goals and reasons why you’re here in the first place. But listening to everyone won’t do you any good. Nobody is walking in your shoes but you. You alone can determine your own success and how to achieve it. Here, Scott discusses the importance of judging your success on where you are at and not where others are at in their business. Learn how to be honest with yourself and take action, overcome your struggles, and find success in your own lane.
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Investor with a background of structural engineering, and managing director of Equigrowth Capital Mortgage, Chad Urbshott talks about note investing in Canada and how the mortgage markets differ from the US. He discusses about how they deal with the limited banks around while giving us a look into the deals he closed as well as ongoing ones. Talking about how he conducts business from the North to the US, he shares about finding his team members. He also talks about his bread and butter in the note business, whether it’s cash flows or flips and fix, plus how he goes about funding transactions and marketing. Lastly, he answers some questions from the audience and provides great advices for those budding investors out there.
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The last third of the year tends to make people lose sight of their goals and slow down. By September, school starts; October is for Halloween; Thanksgiving happens on November; then December is for Christmas. With all of these things happening each month, it becomes easier to get distracted and this undoubtedly harms your business. Scott discusses the importance of finishing the final few months of 2018 strong and moving into 2019 on a roll. Think about your GSD (Get stuff done). Revisit your schedule and recommit to it. Finally, grab the many networking opportunities the next couple months offer and connect with as many people as you can so you can finish 2018 strong.
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The advancement of technology has made it possible to connect to more people than you could every before. In the business side of things, it provides you an outlet to create more deals and reach out to your clients. Technology in notes is the new media outlet and that your smartphone is the tool that can be very handy for when you need marketing. Scott shares some of the cool technology features that WCN is working on to help you get more deals closed. He goes and discuss about how technology has changed the way we deal with business while creating more opportunities to be smarter with communication. Technology and smartphones are the future and we have to embrace it in order to move forward.
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Life is a series of making failures and learning from them. Sometimes, we have the best people that can help guide us through all of these ups and downs. They are our coaches who continually inspire and push us to become better and to reach our goals. So Scott shares how the coaches of his past have helped to shape and mold him for today. Calling on to people who have created an impact on his life, he shows how we are the product of our coaches and imparts as well the things he has learned from them. He shares to us the importance of being coachable and to not fear failures, especially in the note business where things can become unpredictable.
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A common misconception by people about short sales is that it happens fast, that they can close a deal by tomorrow. As a result, many jump in without thinking of the processes it entails and end up getting scammed. Scott talks with realtor and short sale expert, Melody Medley, about short sales in today’s real estate market. Giving the 411 about it, she covers the market value according to the condition of the property, processes of selling, equator, timeframe of the negotiation aspects, listings, and fees and financials.
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A mastermind is a great venue to see people get together and share information. Scott breaks down some of the highlights from the Dallas Note Mastermind and the Quest Expo. Highlighting the key aspects, he talks about social media as a place to meet and connect with people and also about podcast as a great tool to propel your business forward while giving you some statistics to prove. Finally, he gives some great insights about dealing with assets. Discover the beauty of attending mastermind events.
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A mastermind is having a group of people coming together working towards common goals. Scott discusses what is in store for the upcoming Dallas Note Mastermind in Texas that marks the 20th Note Mastermind meeting. Scott talks about getting people together who are closing deals and helping them through the event to take that next step in their business. He also dishes out on what separates this mastermind from others, giving us insights on what and who to expect. At the end of the day, this mastermind is a venue for people who have similar interests with one another to close on deals while learning at the same time.
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Scott Carson discusses the one-year anniversary of the Note Closers Show Podcast by bringing in Tom Hazzard from Podetize. Together, they break down the value of podcasting to reach business goals. Recalling the small beginnings up to the growth of the show, both put in their inputs on how it not only brought in an audience to market to but valuable information as well that helps both parties. They also talk about blogging your show as a resource for the audience and its impact on Google, providing you some tips and advice that could bring your business and show to last for years.
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Kristie Whites of Serving Social comes down to talk about their company, from where they started to their successes. As a full service marketing company, she lets us in on some marketing aspects to use in different social media accounts like putting content out there and creating them, as well as going through the marketing octagon. She also talks about the value of telling stories when it comes to marketing and how it helps people connect to the product. Touching on the different features of social media such as Facebook Live to Instagram stories and highlights, she offers valuable insights and information on going about your social media marketing.
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When doing deals, there is no assurance that they will all be winners. There will always be failures and mistakes. That is inevitable. Many people forget this fact that they fear creating mistakes and end up not doing anything at all. This is especially true for new investors. Scott talks about what actions to take when good deals go bad. He breaks down the three biggest things you have to value, some acts of God when the bad becomes good, and some scenarios that you may face when doing deals.
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The internet has given us a bigger space to expand our businesses. Yet many people still find it difficult to make better offers online. They are making a lot of errors, most especially when making offers on assets. They’re just putting stuff in there however they want, looking to raise capital to have enough funds from private investors only to find again and again that they failed to make something happen. Scott breaks down some do’s and dont’s to posting deals online when looking for funding partners. He advises people to take a little time and work through the deal and the numbers before posting deals online.
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One of the issues people have whenever they go to an event is that they don’t prepare their messages. By this, we mean knowing what you want for your business and embodying it. Part of who you are is representing the message that you want to get across, and it’s very necessary that you look the part. Scott discusses the importance of knowing you and your message to your audience and tribe. Part of what you need in an event is bringing business cards, dressing up properly, networking, and more. At the end of the day, it’s all about connection whether you’re new or not.
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A lot of people fail to realize how at the end of the day, it is not about the “me” but instead it’s about your tribe, your people, or your audience. Having this ingrained is so important to keep your authenticity and sincerity to reach out and help. This is very vital if you are trying to build a community to not only share ideas with but to network as well. Scott talks with Ryan Harper from Propelio investor tools about building online communities and networking with other real estate investors. They outline some great info that will help you engage better with people and provide you with the right mentality to propel your business forward,
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Hitting three birds with one stone, Scott talks about his travels across the country – from coaching and meeting a lot of people, to gaining assets. Scott discusses the Midwest Note Summit, along with the Ohio Note Roadshow. He raves about the many great people and great connections he met along the way, knowing how so many people are out there to express their interest and appreciation on what the show has been doing. Calling out to everyone for some future events, he gives a preview on what to expect when it comes to deals and investing and buying and selling notes.
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If you’re a real estate investor looking for notes in the Ohio area, you might want to check out the special interest group, COREE, or the Central Ohio Real Estate Entrepreneurs run by Vena Jones Cox. Bill Griesmer heads the group of about 200 people over in Ohio with more and more people expressing interest. He runs the group to help him with his note business as well as to help other people along the way to put their money to work. Scott talks with Bill about the Midwest Note Summit, COREE, and several of his case studies. Bill also dives into a couple of deals that he recently closed, stressing on the importance of making sure you do your due diligence.
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Most note investors dabble in a few different things here or there, whether it’s performing or non-performing, owner-financed, institutional paper, residential, or commercial. Once everybody understands the basics behind the paper, they realize the power in it. Donna Bauer, nationally known as The Original Note Buyer, is one of the country’s most recognized authorities on discounted notes, seller financing, and foreclosures. For over two decades, she has shared her exclusive wealth-building strategies and helped thousands of individuals to create, build, and maintain financial freedom. Donna started out as a typical soccer mom, babysitting five kids for $1 an hour each. Determined to find financial independence for her family while being a stay-at-home mom, she soon found the perfect vehicle – investing in discounted mortgages. Donna shares some strategies on how to make knockout returns with discounted mortgages.
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Scott talks with Haley Gant from Quest IRA about the upcoming Quest Expo and the schedule of speakers and sessions. Nathan Long, CEO at Quest, will talk about self-directed IRA basics on day one, joined by Eddie Gant, Steve Liang, Gene Guarino, Jim Ingersoll, and Jeff Watson on the first weekend. There will be plenty of opportunities for networking and getting your answers questioned. Scott will be on the 11:15 AM panel which will also feature Brant Phillips, Jason Bible, Keith Baker, Steven Liang, and Greg Owens. Scott will be talking about things that we use, especially with social media, to find money and deals and stuff like that. Haley is a Marketing Department/IRA specialist, Dallas office manager, and events coordinator for Quest IRA, Inc.
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Two of the biggest things that separate successful people from most others out there wanting to find success are consistency and doing the extra 5%. That extra 5% may not seem like a lot, but if you add that up throughout the day when you’re doing one more little productive thing, one more share, and one more little post, it adds up. In our world today, it has gotten easier to do extra. It used to be harder when we didn’t have social media and you had to write letters. Sometimes we are such in a spoiled state that we just sit here sit here and expect people to show up. You can’t expect people to show up. You got to go out and carve it. Seize the opportunity and do a little bit more and share a little bit more about what you do. Scott discusses how the extra 5% of activities can help you find success exponentially faster.
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Learning by doing accelerates things. For note investor Dan Deppen, the journey to note independence started off when he read about note investing online and found Note Camp. It was the first real note training that he did. After six months or so of studying and trying to figure things out, he joint ventured with a more experienced note investor and right around the same time bought his first note. Dan says it’s great to go through all the theory and put together a model and figure out your game plan, but then when things actually start happening and you encounter different situations, that’s when you learn all the details and the mechanics of how the sales work. Dan talks about his first day as a full-time note investor, his path to quitting his job, and his goals of financial freedom.
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The great thing about coming to an event like the Podcast Movement is that you learn different tricks and different tools from other experts and peers. You meet people who collaborate and work together and share their passion and hobbies through their podcasts. For some, it’s a hobby that they can monetize. For others, it’s an avenue to talk about their ideas and passions. Whatever it may be, it is not such a huge competition because everybody is doing something different and there are so many different kinds out there. Everybody has their own niche and their own lane that they stay onto. Scott discusses some of the biggest nuggets from attending Podcast Movement 2018, including his three eureka moments.
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Money is an accelerator of who you are. The problem if you don’t know your financial why and it’s just all about the money, it’s never enough. Bestselling author and Transformation Nation podcast host Damion Lupo lost $20 million in assets during the economic slump of 2008. Like a lot of other people, he thought he was invincible and bulletproof. He didn’t have the foundation and didn’t have smart people around him to keep him informed and grounded. His ego took over until ultimately, the universe ran him over with a freight train and forced him to figure out what he was doing and why. Scott brings on financial expert Damion Lupo who shares his journey back from losing $20 million in profits during the downturn and how he worked hard to make it back and help educate other investors along the way.
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Ron Klein is not called The Grandfather of Possibilities for nothing. Ron classifies himself as a strategic adviser, a mentor, an innovator and inventor, a speaker, but mostly as a problem solver. Not many people may know it, but he’s been solving all sorts of problems. He invented the magnetic strip on the credit card that changed a few billion people. He developed the MLS system for real estate and the voice response for the banking industry where the key with your phone and get your account information back in voice. He had spent a lot of time on Wall Street and automated the New York Stock Exchange. He developed the bond quotation, the trading system, and the treasury system. Ron talks more about what he’s done and shares how he’s been able to fail retirement three times.
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Adding her own touches as a rapper, actor, and overall performer, Alli Blotter shares with us her fresh takes about the content marketing industry as well as how to go about it. Alli is a marketing strategist and content creator. She focuses on the importance of telling a story through your profile, which tugs the emotions and attracts audience. Particularly, she gives advices and tips on LinkedIn marketing strategy and utilizing the visual storytelling aspects of marketing, and talks about the common misconception about going wide instead of being more specific with a niche. Alli shows the usual mistakes people should avoid when it comes to getting their content out there.
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When you’re in the online marketing space like Kristie and Elijah Whites from Serving Social are, automatically what you get a lot is, “I want to build a web store because this kid on this show that I saw made $100 million in two weeks and I know I could do that because I have a great product.” Kristie and Elijah says you could probably make $1 million dollars in two weeks or even $100 million if you wanted to, but it takes a lot to build up to that certain point and it’s something you have to consistently do. They say when you do something like a podcast, you have to be ready to be authentic. You have to have your own original concepts, your own original story. You have to put yourself out there and you have to be somebody that some people can relate with. In other words, you have to be you. You have to maintain saying, “This is who I am. This is who I’m going to be and I’m going to consistently deliver you this exact same content on a regular basis.”
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Dealing with people can be tricky. Most especially when you are calling your borrowers about note deals. Scott breaks down the to-dos and what-not’s when doing your own borrower outreach. In this business, you will most likely be in the dilemma of choosing between “to call” or “not to call.” Either way, there are things you need to keep in mind when faced with these situations—from the legalities and authorization, up to the right kind of attitude when dealing with people. There is also the question of when not to waste your time with borrowers and why, at the end of it all, the best thing to do is not to call.
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We see it all the time, not just in the network marketing business, where we’re working with people who want change. They want to do something different but the how scares them. They slip and fade away and go back to what’s comfortable even if they don’t like it because it’s easy and they know it. But trainer, coach, and author Denise Walsh says it’s not a place of growth. There’s a few things that Denise has learned over the past decade when she’s working with people who are eager to change but don’t know how. Denise says overcoming obstacles involves getting in depth and connecting emotionally with your why because when the why is strong, the how seems to show up. Don’t allow the emotional ups and downs of business to derail you because experiencing all of these road bumps is just a part of the process.
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One thing that people have to remember is that the job growth and the opportunities got to keep up with the development. Mike Jordan, president of Strategy Investment Group based in Michigan says he’s seeing a lot more Motor City investments as investors pick up properties and revitalize them in the Detroit area. Jordan specializes in real estate investments and property management services. His specific philosophy is to always look at clean, repair, replace. Where a lot of people in the note business take over poppies, Jordan says he takes over property. He says one thing where you could never go wrong is taking care of the client. Always be honest and communicate with the client even if it’s something they don’t want to hear, and that’s where success is. He shares what his clean, repair, replace philosophy is all about and talks about the Detroit Home Mortgage program.
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Whether it’s a nonperforming first or a contract for deeds, if you are buying assets in the Ohio and Michigan markets, real estate attorney Franco Barile is your go-to person. Having partnered with Tony Sottile, Franco has taken full advantage of the business side of the real estate legal game. Between them, they have four licenses under their belt for Ohio, Michigan, Indiana, and Kentucky doing title and collateral reviews. They have a full creditor’s side bankruptcy department, foreclosure department, collections department, and anything you can think of in the real estate world. Franco talks the Ohio and Michigan foreclosure laws and about the different markets, the markets to avoid, and some things that you probably didn’t know about the real estate business.
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When the floods happened, when the hurricane rolled through Texas, there were somewhere between 45,000 and 75,000 household affected by it. That number is increasing. That’s the hurricane effect. What does that mean? It means there’s an opportunity for us as note investors, if you like Texas notes, to reach out to the banks, reach out to the servicers, reach out to the mortgage companies and mortgage bankers to see if they’ve got anything on their books they want to get rid of. Scott talks about the opportunities you have as note investors during the aftermath of the recent hurricanes.
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