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 disc...
Jan 25, 2023•29 min•Ep. 738
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 s...
Jan 20, 2023•22 min•Ep. 737
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 jo...
Jan 18, 2023•34 min•Ep. 735
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! Watch the original video HERE! Love the show? Subscribe, rate, review, ...
Jan 17, 2023•16 min•Ep. 732
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 rega...
Jan 16, 2023•42 min•Ep. 734
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...
Jan 14, 2023•17 min•Ep. 733
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 hustl...
Jan 13, 2023•18 min•Ep. 731
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...
Jan 11, 2023•10 min•Ep. 730
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 ...
Jan 10, 2023•21 min•Ep. 729
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...
Jan 06, 2023•19 min•Ep. 728
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 so...
Jan 05, 2023•23 min•Ep. 727
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...
Jan 04, 2023•15 min•Ep. 726
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...
Jan 03, 2023•21 min•Ep. 725
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, a...
Jan 02, 2023•44 min•Ep. 724
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 S...
Dec 14, 2022•46 min•Ep. 722
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 ...
Dec 09, 2022•24 min•Ep. 721
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 ML...
Dec 08, 2022•18 min•Ep. 720
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...
Dec 05, 2022•46 min•Ep. 719
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 hav...
Dec 02, 2022•13 min•Ep. 718
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 orga...
Dec 01, 2022•17 min•Ep. 717
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...
Nov 30, 2022•20 min•Ep. 716
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. Love the show? Subscribe, rate, review, and share! Here’s How » Join ...
Nov 29, 2022•21 min•Ep. 715
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 th...
Nov 22, 2022•40 min•Ep. 712
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 ...
Nov 21, 2022•19 min•Ep. 713
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! Love ...
Nov 11, 2022•26 min•Ep. 714
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. Want to talk to Scott? Book a call with him HERE. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Note Closers Show comm...
Nov 10, 2022•48 min•Ep. 711
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 ...
Nov 09, 2022•19 min
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. ...
Nov 08, 2022•46 min•Ep. 710
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 a...
Nov 04, 2022•21 min
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 l...
Nov 03, 2022•45 min•Ep. 709
