Creative Capital Podcast 202: Distressed Note Investing with “The Note Guy” Scott Carson

Creative Capital

Josh Ferrari

Investing, Business

5 • 1.1K Ratings

🗓️ 7 October 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott is the owner and managing member of WeCloseNotes.com, an Austin based, defaulted note buying company. He specializes in finding nonperforming notes on residential and commercial properties and purchasing these notes for his own portfolio. He is also a nationally syndicated radio host of the popular podcast, The Note Closers Show which has millions of listeners across 17 AM and FM radio stations and downloads across 130 countries.

Scott was the previous Sr. Real Estate Coach for RealEstateProfitCoach.com and a Mortgage Banker and Vice President with JPMorgan Chase. He was also responsible for the successful launch of Ariel Capital Mortgage Lending that helped provide investors with bank financing on their residential properties in over 30 states.

Bringing in Scott with us today, we not only learned note investing and how to have a good laugh, but also some secrets to raising tens of millions of dollars in no time!

Scott gives us stories, examples, and solid data on why note investing is one of the most lucrative strategies to utilize in real estate investing.

This is an episode that every real estate investor should listen to as you never know when a distressed note opportunity, a need to raise lots of capital quickly, or even a need to enhance your current skillset with market data.

If you aren't already, follow Scott and myself on social media and don't miss out on future episodes!

Transcript

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0:00.0	You're listening to the Creative Capital Podcast.
0:08.1	You're dying to learn about how you can create wealth and real estate investing, then you
0:11.6	come to the right place.
0:13.7	Join in every week as we go over the ins and outs of real estate investing and learn
0:18.2	how you too can become financially free.
0:21.2	I started getting these lists sent to me, these tapes we call them, which is not a tape.
0:26.9	It's an Excel spreadsheet with hundreds of assets that they were selling for pennies
0:30.9	on a dollar.
0:31.9	This is back in 2007, 2009.
0:34.8	I just started making offers and started buying some stuff.
0:38.7	My first asset I bought was a piece of crap, a piece of shot in Detroit.
0:46.2	I paid 500 bucks with a debit card over the phone from Wells Fargo Financial and I flipped
0:50.5	it for scrap metal for $1,500 the next day.
0:53.6	What's going on, everybody?
0:54.6	This is Josh Ferrari, host of the Creative Capital Podcast.
0:59.4	My goodness.
1:00.4	This is another really, honestly, hilarious, but also extremely educational episode.
1:06.1	We have with us today Scott Carson, also known as the Note Guy.
1:10.6	It's not something we've talked about very thoroughly on the show is the concept of
1:15.5	note investing, distress, note investing specifically.
1:19.6	It's not necessarily the same thing as owner financing or seller financing.
1:23.0	It's a little different.
	...

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