The Note Closers Show Podcast
Podetize Podcasts
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
Location:
United States
Networks:
Podetize Podcasts
Description:
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
Twitter:
@1scottcarson
Language:
English
Contact:
512.585.3810
Website:
http://weclosenotes.com/
Email:
scott@weclosenotes.com
Episodes
Breaking Down Commercial Foreclosures In Texas
3/3/2025
This month, we're diving headfirst into the exciting—and often chaotic!—world of Texas commercial foreclosures. Texas is a lender-friendly state, which means foreclosures happen fast (we're talking 21 days fast!), and that creates a lot of opportunity for savvy investors. Buckle up, because we're about to go on a wild ride!
Texas foreclosures change rapidly, making it a bit of a treasure hunt. It's not a stable market. One thing remains consistent: If you know where to look, you can find some incredible deals. This is why you need access to up-to-date information.
Using the Roddy List (with the code WECLOSENOTES for a discount!), you'll gain a competitive edge over those who rely on slower methods. This isn't your grandma's foreclosure list; it's a dynamic tool that keeps you ahead of the curve.
Here's what you need to know to effectively navigate the Texas commercial foreclosure scene:
The Regional Breakdown:Master the Data:Beyond the Basics:The Speed Factor:Direct Outreach:
Don't get lost in the weeds of outdated data. Utilize the right tools and strategies, and you can uncover some real gems.
The Texas market is fast-paced, so act quickly, utilize the information you have available, and go for it! Don't miss out on these opportunities.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
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Here’s How »
Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Sign Up For Your Texas Foreclosure List HERE!
Use code WECLOSENOTES to save $20!
Sign up for the next FREE Note Weekend Class HERE!
Duration:00:54:09
Protecting Your Real Estate Empire with Aaron Young
2/26/2025
Today's episode is a must-watch, especially if you're in the real estate investment game (or plan to be). We're joined by my good buddy Aaron Young, CEO of Laughlin and Associates, to discuss something vital: protecting your assets.
Let’s face it, the real estate world is a wild west—sometimes literally! While you're trying to build your real estate empire, you could encounter lawsuits from disgruntled employees, investors, or even other cowboys who aren't playing fair. You don't want to encounter any of those situations that could result in a lawsuit. That's why asset protection is crucial.
The biggest mistake many investors make is not planning for the "SHIT fan"—the sudden, unexpected catastrophe that can derail your business. It's not if you'll face a problem; it's when. Thinking ahead will prevent the biggest headaches.
Here are some key takeaways from our conversation with Aaron:
The Big Picture:LLCs: Your Shield:Regularity Is Key:The Tax Benefits:Don't Skimp on the "Saddle":
Aaron's expertise in forming LLCs and offering asset protection is invaluable. Laughlin and Associates has been doing this for over 50 years—they've seen it all! They offer a "Corporate Veil Protection Service" to help businesses stay compliant and protected. Their services also help ensure you are taking advantage of all the tax benefits available to you.
Remember, protecting your assets isn't a luxury; it's a necessity. It's not a single event; it's a continuous process. Don't wait until the "SHIT fan" hits; prepare for it now!
Get Your Asset Protection Started HERE!
Sign up for the next Magnify Your Wealth Here!
Watch the original VIDEO HERE!
Love the show? Subscribe, rate, review, and share!
Here’s How »
Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Sign Up For Your Texas Foreclosure List HERE!
Use code WECLOSENOTES to save $20!
Get Signed Up For the Next Note Buying Workshop HERE!
Duration:01:00:14
Texas Foreclosures: Breaking Down Harris County
2/24/2025
Texas Foreclosure Goldmine: Unearthing Distressed Assets with the Roddy List
Howdy, partners! Scott Carson here, ready to dive into the exciting world of Texas foreclosures. Finding distressed assets in the Lone Star State can be a real treasure hunt, but with the right tools, it can be a profitable adventure (and maybe even more fun than wrangling a stubborn longhorn).
Texas is famously lender-friendly; fast foreclosures are common. This is a double-edged sword. While it's great for lenders, it means that the competition for those deals can be fierce! The banks know about fast turnarounds, and that drives up prices for those quick deals.
That's why I often look outside Texas to buy notes—90% of my note investments are from other states. But when I do find a great Texas opportunity, the speed and velocity of capital make it worth the higher cost. Plus, you can often get a deal completed in as little as 21 days—no need to wait six or 12 months.
This means you have to be faster than a speeding bullet. You'll be able to use your funds to complete another deal quickly—which is like winning the lottery, except instead of lottery tickets, you buy notes and close deals.
So how do you compete? You need information that beats the competition. Here are five tips on using the Roddy List, the powerful Texas foreclosure tool that helps you to uncover amazing deals.
Target Harris County: More foreclosures happen here than anywhere else in Texas. More foreclosures mean more opportunities for you, even if it means spending a lot of time filtering your results.Go Beyond Postcards: Forget the postcard campaigns. Use the Roddy List to identify lenders directly, get their whole list, and get right to the source. Direct communication is always the quickest way to complete a deal. It's like cutting out the middleman, and saving you time and effort.Commercial Opportunities: This list also unlocks commercial foreclosures— a six-month commitment—but the higher-valued assets can be incredibly lucrative. The six-month commitment ensures quality deals. This is where you'll find those hidden jewels.Leverage the Data: The Roddy List gives you so much information: property details, loan info, contact information, and more. The email addresses are worth their weight in gold! Imagine having a 66% email success rate—which is what the presenter explains as being typical.Focus on the Mortgagor: Once you've got the list, use it to filter out the big banks and LLCs. Those are generally a lot more difficult to work with and will result in more wasted time.
Using the Roddy list is a shortcut to your success. Instead of randomly sending out postcards, you're going after the lenders directly. SIGN UP FOR THE RODDY LIST HERE!
The Roddy List gives you a head start by giving you access to crucial information and the edge you need to be a successful Texas investor. The list is updated monthly. You can even find out if properties have been previously listed, making it easier to spot those distressed assets ripe for negotiation!
Happy hunting, y'all! Until next time... remember, a little bit of hustle can go a long way.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Here’s How »
Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:01:00:31
Conquering the Capital Raising Beast
2/24/2025
Capital Raising Fears: Conquering the Note Investing Beast (and Maybe a Roach Motel or Two)
Hey everyone, Scott Carson here with another episode of the Note Closers Show! Last week was a little slower—thanks, Texas ice storm!—but I'm back with some juicy lessons from our recent Austin note-buying workshop. I know many of you feel that overwhelming fear of raising capital, so let’s dive in.
First, a huge shoutout to Stephanie Goodman, my workshop ninja! She handles all the small stuff (so I can focus on the big stuff, like preventing my students from accidentally buying roach motels). We pampered our attendees with coffee, tacos, brisket—basically, a culinary journey through Texas.
Now, the workshop was smaller than planned (thanks, flu season!), but intimate. That allowed me to connect with people on a personal level and see those "fear" eyes. You know the ones—wide, slightly panicked, and radiating the silent scream of, "I'm in over my head!"
What did I learn from observing these expressions of real-estate fear? People are scared to ask for money. They’ve flipped houses, done hard money loans, but raising outside capital terrifies them. Why? The unknown. The fear of rejection. The possibility that they might get that one deal or property, but it smells like wet dog.
Here are some key takeaways from the workshop.
Small wins build BIG confidence:Networking is key:Embrace the discomfort:Due diligence is crucial:It's not about luck, it's about effort:
Remember the deal that almost got away? 29 units, worth about $1.1 million, and they were looking for $550,000. I lowballed them. The owners were shady and the property was a disaster (roaches, dead rats...the works). I learned a valuable lesson—due diligence and having confidence in your deals.
But hey, even failures teach you. I connected with four investors who were ready to back me on my next deal. They understood the business of risk. It’s a wild ride!
So, go out there, take some action, and remember that the only person limiting you is yourself. Until next time!
Sign up for the next Note Buying Workshop HERE!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Here’s How »
Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:00:26:41
How to Crush Your Money Goals with Bernadette Joy
2/20/2025
From $300K in Debt to Seven Figures: Bernadette Joy's Inspiring Money Story
This week on The Note Closers Show, we were thrilled to have Bernadette Joy, a best-selling author and inspiring finance expert, share her incredible journey from crushing over $300,000 in debt to building a seven-figure net worth. Bernadette's story is a testament to the power of perseverance, strategic planning, and a dash of humor—because who doesn't need a laugh when battling debt?
Her path to financial freedom wasn't a straight line. After graduating with three degrees (two in business and one in psychology!), Bernadette found herself drowning in student loan debt and credit card balances. She tried various debt repayment strategies, finding that the "debt snowball" resonated most with her—but not without some humorous bumps along the way.
Key Takeaways from Bernadette's Financial Journey:
The Power of the Debt Snowball:for herThe $1 Rule:Financial Literacy:Mental Health Matters:Seek Your Own Path:
Humor and Relatable Moments:
Bernadette's interview was filled with candid anecdotes, humor, and relatable stories. She shared her struggles with debt, her initial resistance to embracing the debt snowball method, her frustration with overly simplistic financial advice, and the importance of prioritizing mental health while pursuing financial goals. Her story is honest, vulnerable, and deeply inspiring.
Her unique "$1 rule" is particularly clever, offering a simple yet effective way to manage discretionary spending. She emphasizes that while the debt snowball can be a great starting point, it's crucial to find the strategy that resonates best with your personality and circumstances. There's no need for endless spreadsheet analysis!
Key Takeaways for Your Financial Journey:
Embrace Education:Find Your Own Path:Prioritize Mental Health:Build a Support System:
Bernadette Joy’s inspiring journey proves that financial freedom is attainable with hard work, a well-defined plan, and a healthy dose of perseverance and humor. Her book, Crush Your Money Goals, offers practical strategies and valuable insights to help you achieve your financial dreams.
Connect with Bernadette HERE!
Watch the original VIDEO HERE!
Book a call with Scott HERE!
Love the show? Subscribe, rate, review, and share!
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Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Sho
Duration:00:49:39
Modern Day Land Barons: Rick & Crystal Rumer's Note Investing Journey
2/12/2025
The recent Note Closers Show episode featured Rick and Crystal Rumer, a dynamic Texas couple who've built a remarkably successful real estate investing business. Their journey, from corporate jobs to full-time real estate investors specializing in land notes, is a testament to hard work, strategic planning, and a healthy dose of Texan grit. Get ready for some serious inspiration – and maybe a chuckle or two!
Rick and Crystal's story begins long before they became full-time real estate investors. Rick worked for JPMorgan Chase, while Crystal was in sales. Both had early successes with rental properties, but they initially dabbled in several real estate ventures before finding their niche. Their entrepreneurial journey mirrors many investor journeys, which often includes learning from mistakes, pivoting from one approach to another, and a fair share of trial and error.
From Rental Properties to Land Notes:
After leaving their corporate jobs, Rick and Crystal initially focused on fix-and-flip properties and wholesaling. They even considered purchasing hotels, a move that would have put them in a much more crowded market. But their most profitable ventures came from focusing on land. They realized that by purchasing larger tracts of land, subdividing them into smaller lots, and owner-financing those lots, they could generate substantial returns and achieve remarkable financial success. Their story reminds us that sometimes the most lucrative opportunities lie outside the typical investor's playbook.
Key Takeaways from Rick & Crystal's Success:
Rick and Crystal's success in land note investing can be attributed to several key strategies:
Strategic Location:Long-Term Vision:Owner Financing:Teamwork:Effective Marketing:
Embracing the Challenges:
They share some of the common challenges and pitfalls faced by investors, including the importance of using private money, managing risk, and working with other investors and lenders, not just the buyers. Their experience highlights the value of carefully vetting potential partners, especially when dealing with large transactions. They provide several examples of when a deal went off the rails and how they navigated these challenges.
Conclusion:
Rick and Crystal's story is a compelling example of building wealth through real estate note investing. Their success underscores the importance of specializing in a specific niche, building strong relationships with investors and lenders, and creating a well-structured business model. Remember, even experienced investors like Rick and Crystal made mistakes along the way, highlighting that there's always room for improvement. Their story is filled with inspiration and serves as a reminder that perseverance, adaptation, and teamwork can lead to significant financial success in real estate.
Watch the original VIDEO HERE!
Connect with Rick & Crystal HERE!
Book a call with SCOTT!
Love the show? Subscribe, rate, review, and share!
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Duration:00:46:34
Conquering the Glass Ceiling: Liz Faircloth's Strategies for Women in Real Estate
2/6/2025
From Social Worker to Real Estate Powerhouse: Liz Faircloth's Inspiring Journey
The recent Note Closers Show episode featured Liz Faircloth, a remarkable woman who has defied expectations and built a thriving career in real estate. Her journey, from a social work background to becoming a multi-million-dollar real estate investor and the head of a nationwide network for women, is both inspiring and hilarious. Get ready for some serious motivation – with a side of witty anecdotes!
Liz's path to real estate success wasn't straightforward. She initially pursued a career in social work. A pivotal moment came when her brother-in-law handed her a copy of Rich Dad Poor Dad. This book sparked a life-altering shift in perspective, igniting her passion for real estate investing. It was a moment of serendipity that changed everything.
Overcoming the Odds:
Liz's journey is a powerful testament to perseverance and resilience. She openly discusses the challenges women face in the male-dominated real estate world – think "good old boy network" and the pervasive glass ceiling. But instead of being deterred, Liz embraced these obstacles and forged her own path. Her wit and humor, sprinkled throughout her narrative, make the entire interview engaging and relatable.
Liz emphasizes the importance of developing a strong support network. This led her to create InvestHer, an organization designed to empower women in real estate. InvestHer provides:
Community & Mentorship:Educational Resources:Empowerment & Confidence:Mastermind Events (InvestHerCon):InvestHer Plus:
Facing Fears and Building Confidence:
Liz candidly shares her personal experiences with failure, emphasizing that fear is a natural part of the process. She encourages women (and anyone) to embrace their fears and not let them be paralyzing.
Keys to Success:
Her story also highlights the importance of these key ingredients for success:
A Clear Vision (North Star):Strategic Planning:Community and Support:
Liz's journey is a testament to her resilience, determination, and entrepreneurial spirit. Through her work with InvestHer, she's inspiring countless women to pursue their dreams in real estate. Her unique blend of business acumen, personal experience, and infectious humor makes her a true role model and an inspiring example for any aspiring entrepreneur, regardless of gender!
Check out TheRealEstateInvestHER HERE!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Here’s How »
Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:00:44:43
How to Make Six Figures as a Note Investor
2/3/2025
Six-Figure Note Investing in 2025: Scott Carson's Proven Strategy
Scott Carson recently released a webinar revealing a proven strategy for making six figures in real estate note investing. He addresses the common investor frustration of being stuck in a 9-to-5 job, while dreaming of financial freedom. This webinar isn't just about theory; it's a practical guide packed with real-world examples and actionable strategies. Get ready to ditch the cubicle and embrace the life of a savvy note investor!
Carson begins by emphasizing that this isn't a get-rich-quick scheme (sorry, no magic money trees here!). Instead, he presents a wealth-building strategy that, while demanding some effort, offers incredible potential for passive income and financial independence. He uses the analogy of building wealth through note investing as a strategic move to becoming a successful real estate mogul. It's about building wealth, not just making a quick buck!
Carson's 5 Key Strategies for Note Investing Success:
Here are the five key takeaways from the webinar to get you started on your path to making serious money:
Understand the Power of OPM: Carson stresses the importance of using other people's money (OPM). This can be funding from family, friends, IRA investors, or private lenders. Remember: "OPM" doesn't stand for "Oh, Poor Me," it stands for "Other People's Money"!Target High-Value Assets: Focus on assets with a fair market value of at least $50,000. This provides a buffer for potential issues and allows for greater profit margins.The Art of Negotiation: Don't be afraid to negotiate! Carson advises that investors often don't ask for what they're worth.Re-performing vs. Non-performing: Carson covers both strategies, highlighting the higher returns of non-performing notes (with the caveat that they require more effort to resolve). He reminds listeners to always weigh risks and rewards.Marketing is King: Aggressive marketing and consistent networking are crucial for locating deals. If you aren't out there consistently marketing, it's like fishing without a rod!
Going Beyond Six Figures:
Carson shared a real-life example of his strategies to generate over $300,000 in annual income. This included a sizeable income from note sales, asking from the borrowers, and a substantial amount in monthly cash flow. This is not a theoretical exercise; this is real-world success!
The Importance of Patience and Consistency:
Carson emphasizes the importance of patience and persistence. Building wealth takes time; it’s a marathon, not a sprint. He highlights the importance of consistent effort in marketing, finding deals, and nurturing relationships with investors.
Conclusion:
Carson’s webinar offers a realistic and actionable blueprint for note investing success. By implementing his strategies and embracing a mindset of consistent action, aspiring investors can position themselves for significant financial gains and ultimately achieve financial freedom. Remember, it’s not about the size of the fish; it’s about having the right bait and knowing where to cast your line.
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Here’s How »
Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:00:43:54
Note Case Study: 28% ROI in a Roth SDIRA
1/30/2025
This Note Investing Case Study Will Blow Your Mind (and Maybe Your IRA)
Hey note-heads! Welcome to another episode of The Note Closer Show, where we dissect deals, dish dirt, and deliver the delicious details of the note investing world. Today's episode is extra special, so grab your coffee (or tequila – we don't judge!), and let's dive in.
We're exploding with excitement because one of our Newark coaching students just closed their FIRST EVER DEAL – and it’s a doozy. Not only did they close in under 90 days, but they achieved a staggering 28% ROI (Return on Investment) in the first couple of years! And the cherry on top? They funded the entire thing with their self-directed IRA—making it completely tax-free! Talk about a win-win!
Before we spill the beans on this incredible success story, let's make sure we're on the same page about what a Non-Performing Note (NPN) is. Basically, it's a loan where the borrower has fallen behind on payments. Secured Equities buys these notes at a discount, aiming to help the borrower get back on track or finding alternative solutions, and then reaping the rewards. Think of it as real estate's version of a fixer-upper—only way more profitable.
This isn't a get-rich-quick scheme. A lot of folks think finding deals is tough, but the truth is, it's about knowing where to look (and having a good teacher!). This student went through a few duds before hitting the jackpot, which just goes to show the importance of persistence. Remember: even the most successful investors experience setbacks!
Here are five key takeaways from this amazing case study:
Fast ROI:Tax Advantages of Self-Directed IRAs:Borrower Rehabilitation:Risk Mitigation:Power of Persistence:
This deal is a testament to the power of education, a strategic approach, and knowing where to find the deals. Note investing isn't just about finding cheap properties; it's about finding deals with good underlying value and sound financial strategies.
Want to learn more about note investing and possibly turn your own IRA into a passive income machine?
Check out our upcoming workshop in Austin, Texas! It's jam-packed with note-finding secrets, fundraising strategies, and deal structuring techniques. Get your discounted ticket now (before we change our minds). Visit HTTP://notebuyingfordummies.com to get started!
Stay tuned for more exciting case studies, tips, and tricks. Until next time, keep closing those deals, and don't forget to subscribe for more Note Closer goodness!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Love the show? Subscribe, rate, review, and share!
Here’s How »
Join the Note Closers Show community today:
WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Duration:00:20:55
AI Powered Financing: FHA 203k Loans & Renovation Financing with Skip Schenker
1/29/2025
Unlocking Hidden Real Estate Profits: FHA 203k Loans & Renovation Financing
Hey there, Note-heads! Welcome back to The Note Closers Show, your daily dose of real estate wisdom, market insights, and (let's be honest) a healthy serving of real estate humor. Today's episode is all about unlocking hidden real estate profits, particularly by using FHA 203k renovation loans. This is a game-changer, not just for investors but also for buyers who are tired of settling for “as-is” properties.
We recently dove deep into 66 vacant reverse mortgages, showing how you can often acquire them for 70-80% of their value. But that's just the tip of the iceberg! Lots of investors think they need piles of cash for real estate. But what if there's a better way? What if you could finance your fixer-upper? That's where Skip Shenker comes in.
Skip is a legendary figure in the world of renovation loans. He not only designs his own houses but also has a passion for helping investors and homebuyers access innovative financing options. Today, we're exploring how the FHA 203k loan can revolutionize your real estate strategy!
Here's what Skip shared that you NEED to know:
The FHA 203k Loan:Beyond Cash Buyers:AI-Powered Rehab Estimates: CHECK IT OUT HEREFlexible Financing:Strategic Partnerships:Humor Break: Remember those "before and after" home makeover shows? The FHA 203k loan is the real-life equivalent, only without the drama of screaming contractors and surprise budget overruns (mostly!).
Skip also shares real-world examples and expert advice, debunking common myths surrounding the FHA 203k. Learn about the role of HUD consultants, ways to mitigate financial risks during the renovation process, and strategic tips for maximizing your returns.
Ready to uncover hidden profits in the real estate market?
Watch or listen to this episode! Visit www.Ready4Remodel.com
to learn more about the FHA 203k loan, how it can help you maximize your investments, and how to access the latest AI-powered tools and resources. Follow us on all socials for daily updates and more real estate insights!
Watch the original VIDEO HERE!
Book a call with SKIP HERE!
Talk with Scott Carson HERE!
Love the show? Subscribe, rate, review, and share!
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Duration:01:01:58
How to Connect With Bank Asset Managers
1/28/2025
Unlocking the Secrets to Finding Non-Performing Notes: A Note Investor's Guide
Happy Monday, fellow note-slingers and deal-makers! Let's face it, the world of note investing can feel like a treasure hunt in a swamp – lots of murky water and questionable treasures. This week's episode delves into how to find those elusive, high-quality non-performing notes – the ones that aren't swamp-things. Forget wading through endless lists of land notes and performing loans, let's get you to the good stuff!
The speaker's experience highlights the common frustration of finding quality deals. He describes a LinkedIn post from someone lamenting the lack of good non-performing notes available, stating that the market is flooded with "crap". Sound familiar?
The Myth of the "Low-Hanging Fruit":
Many new investors rely on their LinkedIn network or Facebook groups for leads. While this can work, it often yields low-quality deals – a mix of firsts and seconds, frequently low-balance loans from less-than-ideal sources. Think of it like fishing in a pond full of minnows: Sure, you can catch some, but are you really going for the big tuna?
Where the Real Deals Hide:
The fact is, there's a significant number of non-performing notes out there. We're talking millions of loans that are underperforming, and they're not just sitting in plain sight! You won’t find them hanging around on Facebook, that’s for sure! Here’s the real secret:
Direct Sourcing:Marketing is Key:LinkedIn Power:Network, Network, Network:Phone Calls Still Matter:
Avoiding Common Pitfalls:
The biggest mistake new note investors make is focusing only on seconds. While seconds can be profitable, they're not always easily found at good prices. First liens are more profitable and easier to acquire capital for!
Final Thoughts:
Finding quality non-performing notes is a process. It’s not a get-rich-quick scheme, but rather a strategic approach requiring focus, consistent marketing, and a dash of resilience. Remember, the treasure is out there; you just need to know where (and how) to look for it.
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Duration:00:32:15
DSCR vs. Hard Money Loans: Your Ultimate Funding Guide with Gary Brown
1/27/2025
Get ready to supercharge your real estate investing game! This episode features Hard Money Gary, a real estate ninja who's mastered the art of securing funding for any project. Forget the endless struggle of finding money—Gary shares his proven strategies, turning years of experience into profit for himself and clients.
This isn't your typical dry real estate finance discussion. We kick things off by exploring various funding options, demystifying the often-confusing world of real estate loans. Gary weaves in anecdotes from his personal journey, from wholesaling to building a nationwide hard money network. Prepare for a rollercoaster of humor and wisdom!
Key takeaways from this must-listen episode include:
Mastering Outreach: Ditch the awkward cold calls and generic emails! Learn the most effective strategies to find lenders, including networking, online platforms, and writing compelling messages. Forget the awkward small talk – we teach you how to close deals effectively!Hard Money & DSCR Loans: Gary breaks down hard money and DSCR loans with humor and clarity. Discover how to choose the right loan type for your unique situation, and understand interest rates like a pro (no more confusing financial jargon).Building Winning Relationships: Learn how to build strong connections with lenders that lead to ongoing success. Tips on maintaining positive relationships and getting repeat business are included – forget those one-off deals!Avoiding Costly Mistakes: Gary reveals common pitfalls many investors fall into and shares how to avoid those costly errors. This is your crash course in how to stay financially fit.DSCR Loan Details: Get to grips with what a DSCR loan is, and when it's the right solution for your project. DSCR loans are your secret weapon to securing the financing you need.Rehab & Repair Financing Strategies: We dive into the nuts and bolts of loan-to-cost, loan-to-value, and loan-to-ARV. Learn how to master these crucial elements of project financing.
This podcast isn't just theory; it's real-world advice. Gary's infectious energy will inspire you to take action. But be warned: you might get too fired up listening! So grab a beverage, settle in, and prepare to become a real estate funding master.
What you'll also discover:
Why understanding various financial strategies is essential for successful real estate ventures.Insights on avoiding common mistakes in securing funding.How to make social media work for you in your search for lenders.Practical strategies for building long-lasting lender relationships.This podcast is your guide to securing the funding you need for your real estate endeavors. Don't miss the chance to learn from one of the best in the business! Like, subscribe, and share this with your fellow real estate investors.
Watch the original VIDEO HERE!
Connect with GARY BROWN HERE!
Book a call with SCOTT HERE!
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Duration:01:01:43
Beyond the Spreadsheet: Analyzing 4 Minnesota Nonperforming Notes
1/23/2025
The Minnesota real estate market is heating up, and savvy investors are always looking for a deal. This week’s podcast features a deep dive into four Minnesota foreclosure notes, offering insights into note investing strategies. Our host and special guest, Dale Brost, break down each deal, revealing the challenges and opportunities in this niche market. (Fair warning: this analysis goes beyond simple spreadsheets!)
Minnesota Market Dynamics:
The podcast begins with a brief overview of the Minnesota real estate market, emphasizing the current tight inventory and high demand for rental properties. This is setting the stage for our deep dive into the note market. Did you know Minnesota has more shoreline than the East and West Coasts combined? It’s a big state for a reason.
Four Minnesota Foreclosure Notes—A Case Study:
The heart of this podcast is a detailed analysis of four foreclosure notes. The analysis includes:
Property Details: Each property's specifics such as address, size, features, and current condition are reviewed. Photos are also examined to assess the property's condition and estimate potential rehab costs. (One note even involved a car in the garage covered in dust—a great photo op for a “before” shot!)Financial Data: Unpaid balance, legal balance, BPO (Broker Price Opinion) values, and estimated closing costs are analyzed.Equity Analysis: Properties with positive equity are more favorable and offer higher potential returns; the equity position of the notes heavily influence deal strategy.Foreclosure Timeline: Our host discusses the typical timeframe for Minnesota foreclosures, including the crucial redemption period. In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment.Strategic Approaches: Two primary strategies are evaluated for each note: selling at a foreclosure auction versus taking back the property and selling it as an REO (Real Estate Owned).The Importance of Due Diligence:
Our host and guest emphasize the importance of due diligence in note investing. This includes:
Reviewing the Property: A visit to the property (or reviewing high-quality photos) to assess the condition and evaluate the potential ROI.Locating Key Information: Obtaining detailed information such as property taxes and legal descriptions.Understanding the Foreclosure Process: Familiarizing yourself with the state-specific laws and regulations.Beyond the Spreadsheets:
This podcast goes beyond spreadsheets and numbers, offering valuable insights into:
Working with Rehab Partners: Our host stresses the value of collaborating with experienced contractors.Market Trends: The current state of the Minnesota real estate market is discussed, including how this impacts the note market.Flexibility in Investment Strategies: Different strategies are suited for different properties, and experience is crucial.Humor to Relate To:
“Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.”“In Minnesota, the redemption period is like the extra inning in a baseball game: it can significantly impact the ultimate outcome of your investment.”Call to Action:
Ready to learn more about Minnesota note investing? Listen to the full podcast and subscribe for more insights! Leave your comments and questions below!
Connect with Dale Brose HERE!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
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Duration:01:04:14
Streamline Your Rental Property Accounting with Adam Hamilton (REIHUB.net)
1/21/2025
Real estate investing can be incredibly rewarding, but let’s be honest – the accounting side can be a real headache. This week, we talked with Adam Hamilton, co-founder of REI Hub, a software designed to help landlords and investors manage their books effectively. Adam's insights are pure gold, especially if you’re tired of endless spreadsheets and tax season stress. This interview was a game-changer!
Why REI Hub?
Adam’s journey started with a simple observation: many real estate investors are struggling to manage their finances effectively. This is often due to a lack of time, accounting expertise, and use of general accounting software not designed for the specific needs of the rental property world. Unlike other investors, Adam understands the need for specialized software. He wants to keep things simple!
Top 3 Mistakes Investors Make with Their Accounting:
Adam shared the three most common mistakes investors make with their rental property accounting:
No Strong Foundation:Hint: Mixing personal and business finances is like trying to find a specific sock in a giant laundry pile—a complete mess.Failing to Review:Think of this as trying to navigate with a torn map. You’ll probably get lost!Ignoring Key Deductions:Missing out on deductions is like leaving money on the table – a big no-no in real estate!REI Hub: Your Accounting Solution:
REI Hub aims to solve these problems by providing:
Intuitive Software:Integration with TurboTenant:Dynamic Loan Amortization:Automated Tax Review Process:We’re not CPAs, but we'll provide your CPA with all the ammunition they need.Expert Support:This is support that actually understands your struggles!
Beyond the Basics:
This interview also touched upon:
Asset Protection Strategies:Tax Law Changes:Humor to Relate To:
Call to Action:
Ready to take control of your rental property accounting? Visit REIHub.net to learn more and sign up for a free trial! Share your own accounting horror stories in the comments below! http://snip.ly/REIHub
SIGN UP FOR REI HUB HERE!
SIGN UP FOR TURBO TENANT HERE!
WATCH THE ORIGINAL VIDEO HERE
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Duration:00:37:32
Unlocking Financial Freedom: Smart Money Strategies with Tony Steuer
1/20/2025
Financial Fitness for Real Estate Investors: A Conversation with Tony Steuer
In the fast-paced world of real estate, it's easy to get caught up in the thrill of the deal. But what about your financial fitness? This week, we had the pleasure of speaking with financial expert Tony Steuer, who is changing the way we think about money. Tony's insights are as relevant to your personal finances as they are to your investment strategy. His advice could be exactly what you need to kick-off 2025 on the right foot.
Tony's Journey:
Tony’s journey from life insurance agent to internationally recognized financial preparedness advocate and Forbes Insurance Advisory Board member is nothing short of inspiring. This conversation wasn't just about money; it was about mindset! He started by recognizing a crucial gap in the financial industry—a lack of clear communication around insurance products, which leaves many people confused and vulnerable.
Debunking Insurance Myths:
Tony debunks common misconceptions surrounding insurance, particularly life insurance. He clarifies the following points:
Life insurance isn't an investment:Surrender charges are real:Your insurance needs change:Term vs. Whole Life:The importance of planning:The Get Ready System:
Tony’s “Get Ready System,” detailed in his book, The Get Ready Blueprint, is a game-changer. It provides a structured, step-by-step approach to achieving financial fitness. The system uses a weekly calendar, prompting users to tackle different financial areas each week. This is a practical, easily-implementable strategy that’s perfect for busy entrepreneurs who need to stay organized. (It might even help you finally tackle that overflowing inbox!)
Why a Holistic Approach Matters:
Tony emphasizes the importance of taking a holistic view of your finances, integrating all aspects of your financial life into one comprehensive plan. He discusses issues such as:
The legacy you want to leave:The importance of long-term care planning:The impact of global warming on insurance:Humor to Relate To:
Call to Action:
Ready to take control of your financial future? Check out Tony's work via the links in the show notes!
Connect with Tony HERE!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
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Duration:00:37:18
The Exhausted Landlord Hack: TurboTenant
1/14/2025
Landlord Life Hack: TurboTenant Review & Interview with Krista Ruether
Are you a real estate investor drowning in overflowing toilets and endless tenant communication? Let's be honest, sometimes landlord life feels more like a reality TV show than a lucrative business. This week, we dove deep into the world of streamlined rental management with Krista Ruether, Senior Education Content Manager at TurboTenant. Krista's insights and TurboTenant's features could be the game-changer you've been waiting for.
Krista shared a wealth of information on common landlord pain points, offering solutions that had this podcast host nodding in agreement (and maybe even shedding a single, happy tear – because who doesn't love efficient processes?).
The Three Biggest Landlord Pain Points (and How to Fix Them):
According to Krista, the biggest hurdles for landlords are:
Lack of Education:Piecemeal Systems:Treating Tenants as Adversaries:
TurboTenant: More Than Just Software
TurboTenant isn't just software; it's a comprehensive platform designed to streamline every aspect of your rental business. Key features include:
AI-Powered Lease Audits:Automated Rent Collection:Robust Communication Tools:Multi-Family Property Management:Extensive Lead Generation:Beyond the Basics:
The interview also touched on:
Managing Squatters:Staying Up-to-Date on Legal Changes:The Future of Rental Markets:Humor to Relate to:
Remember that time you had to deal with a tenant who tried to pay rent in gold bars? Yeah, we've all been there. (Though we may not have accepted gold bars, at least not yet.)
In a nutshell, TurboTenant isn't just software; it's a potential game-changer for landlords. If you're ready to streamline your processes, enhance tenant relationships, and boost your bottom line, check out TurboTenant today. You can find the link in the show notes.
Call to Action:
Visit TurboTenant.com to learn more and sign up for a free account. Let Krista and her team help you take control of your rental business! Leave your comments below - and let us know your own landlord war stories!
Watch the original VIDEO HERE!
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Duration:00:47:14
Mastering Your Note Buying Buy Box
1/13/2025
Master Your Buy Box: The Note Guy's Guide to Note Investing Success
Happy Money Mondays, everyone! Scott Carson, The Note Guy, is back with another insightful episode, this time focusing on a crucial aspect of successful note investing: defining your buy box. Think of your buy box as your ideal note profile—the criteria that determine whether a note is worth your time and money. No more chasing every shiny object that comes your way!
Scott's approach is all about strategic focus and streamlined efficiency. He’s seen it all: the rookie mistakes, the near misses, the occasional big wins—and he's ready to share his hard-earned wisdom with you. He emphasizes that a clearly defined buy box keeps you focused on profitable deals, saves you time and energy, and boosts your overall success.
Key Elements of a Profitable Buy Box:
Active vs. Passive:ROI Targets:Geographic Focus:Asset Preferences:Legal Considerations:Humor and Relatable Moments:
Scott sprinkles his expertise with plenty of humor and relatable anecdotes, drawing on his extensive experience in the note investing world. He pokes fun at the "joker brokers" who claim to buy "everything," highlighting the importance of clearly defining your criteria for success. He also shares some cautionary tales about the pitfalls of buying vacant properties or chasing after low-yield, short-term deals.
He emphasizes the importance of avoiding "shiny object syndrome," which can lead to making emotional decisions and wasting valuable time and resources. He also cautions against unrealistic expectations and the need to balance active and passive strategies.
Actionable Steps to Creating Your Buy Box:
Self-Assessment:Market Research:Define Your Criteria:Test and Refine:Building a well-defined buy box is the foundation for successful note investing. By sticking to your criteria, you'll save time, minimize risk, and maximize your potential for profitability. Listen to Scott's podcast for more in-depth insights!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
Sign up for the next Note Buying Workshop
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Duration:00:44:25
The Power of the Self-Directed IRA with Kyle Moody from American IRA
1/9/2025
Unlock Your Retirement Riches: Self-Directed IRAs for Real Estate Investors
Let's be honest: burying your cash under the mattress or hiding it in a can of tomatoes isn't a winning long-term investment strategy. But what if there was a way to secure your financial future, minimize taxes, and build wealth through real estate investments? This week on The Note Closure Show, we had Kyle Moody, Business Development Manager at American IRA, sharing his expertise on self-directed IRAs (SDIRAs). Get ready to ditch the piggy bank and embrace the power of smart investing!
Kyle's insights come from years of experience working with real estate investors, just like you. He understands the unique challenges of our industry and the need for investment vehicles that deliver both flexibility and tax advantages. SDIRAs fit the bill perfectly.
Why Self-Directed IRAs are Game-Changers for Real Estate Investors:
Control Your Investments:Tax Advantages:Flexibility:Protection:Leveraging Other People's Money (OPM):
Humor and Relatable Moments:
Kyle’s story was filled with relatable anecdotes about the frustrations and triumphs of building a successful real estate business. He shared stories about dealing with bureaucratic hurdles (like the infamous "medallion stamp") and the importance of choosing a provider that offers top-notch customer service. American IRA’s commitment to personal service makes them stand out from the crowd, according to Kyle and Scott.
The discussion also touched on the various types of SDIRAs available (solo 401(k)s, traditional and Roth IRAs, etc.), the different contribution limits for each, and the importance of working with a qualified CPA and attorney to optimize your tax strategy. Kyle emphasized that while SDIRAs are not for everyone, they can be incredibly powerful tools for building wealth through real estate and other strategic investments.
Actionable Steps for Real Estate Investors:
Research and Choose a Provider:Set Your Investment Goals:Establish Your SDIRA:Fund Your Account:
Scott and Kyle make a powerful team, bringing their insights and expertise to the topic of investing for the future. Their podcast offers practical advice, relatable anecdotes, and a few laughs along the way. It’s a must-listen for any real estate investor looking to build a secure financial future!
Book a call with KYLE HERE!
Watch the original VIDEO HERE!
Book a call with Scott
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Duration:00:59:23
How to Become A Note Investor in 2025
1/7/2025
Become a Note Investor in 2025: The Note Guy's Action Plan
Happy New Year, fellow real estate enthusiasts! This year, let's stop dreaming about building our real estate empires and start making it happen. This week on The Note Closure Show, Scott Carson, aka The Note Guy, laid out a no-nonsense roadmap for becoming a successful note investor in 2025. No more wishing, no more waiting—it’s time for action!
Scott emphasizes that note investing isn't a get-rich-quick scheme (sorry, folks, no overnight millionaires here!). It's a marathon, not a sprint, requiring patience, strategy, and a healthy dose of grit. He debunks the common misconception that wholesaling equates to note investing. Wholesaling is flipping deals for a quick profit; note investing is strategically acquiring and managing notes for long-term returns. Think of it like this: wholesaling is dating; note investing is marriage. One's a fling, the other is a commitment—and it yields far greater rewards.
Scott's Key Strategies for Note Investing Success in 2025:
Choose Your Niche:Build Your Buy Box:Master the Marketing Game:Leverage the Power of Referrals:Embrace the Marathon Mindset:
Humor and Relatable Moments:
Scott's talk was peppered with hilarious anecdotes about the challenges and rewards of note investing, including his own mistakes (like the near-decade-long foreclosure process on a badly chosen junior lien). He emphasized that learning from mistakes is part of the process. You'll also find it funny when he calls out investors for making lowball offers on notes, reminding us that aggressive bidding won't always work—sometimes, relationship-building yields better results.
The podcast also highlighted the importance of building a strong online presence. Think of it as your digital storefront. A well-designed website and a robust LinkedIn presence, along with some targeted advertising, can attract promising deals and investors alike. This is a must-have in today’s digital age.
Scott's message is clear: Stop daydreaming and start taking action! 2025 is the year to seize opportunities. Don't wait for the perfect deal or the perfect moment. Start building your note-investing strategy today, and make this your most successful year yet!
Watch the original VIDEO HERE!
Book a call with SCOTT HERE!
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Duration:00:45:16
Unlock Financial Freedom: Zero-Based Budgeting with Zach Whelchel
12/18/2024
From Paycheck to Paycheck to Property Portfolio: A Budget Coach's Secrets
Let’s face it, real estate investing is a rollercoaster. One minute you're riding high on a successful flip, the next you're grappling with a leaky roof (and a two-year-old who mysteriously clogged the sink, resulting in a ceiling renovation). But amidst the excitement and occasional plumbing nightmares, there's one constant that can make or break your success: your budget. This week, we had Zach Wechel, founder of MyBudgetCoach.com, on the show, and he shared some seriously savvy strategies. Forget the mental math and guesswork; Zach advocates for zero-based budgeting, a game-changer for anyone aiming to build wealth, whether it's in real estate or beyond.
Zach's journey started unexpectedly—two kids and a pandemic created an urgent need for a budget. What followed was not only a transformed family life but a passion project that's helping countless others gain control of their finances. He emphasizes that budgeting isn't just about restricting spending; it's about intentionally allocating every dollar. Think of it as assigning each dollar a job before it even leaves your account. No more mysterious disappearances into the void of "miscellaneous spending"!
Key Takeaways from Zach's Budget Wisdom:
Zero-Based Budgeting:The "Living Document" Budget:The Power of Planning:Embrace the "Buckets":The Accountability Partner (a Coach):
Get Signed Up For MyBudgetCoach.com HERE!
Watch the original VIDEO HERE!
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Duration:00:49:32