Nov 7, 2018
“Everybody’s in the paper game, most are just on the wrong side of the payments,” states Scott Carson. He's been in the mortgage, finance, and banking industry since 2001 and actively buying notes since 2005. Nicknamed, “The Note Guy,” Scott has closed on over half a billion of assets and teaches others how to become lien lords instead of landlords. On this episode he explains why he focuses on buying non-performing notes, where to buy, and key differences with commercial notes.
Key Market Insights
Bull’s Eye Tips:
Winning Your Market: To find distressed notes, go to LinkedIn and Search for “Special Asset Manager” or “Secondary Marketing Manager”
Tracking Market Changes: Constantly checking mortgage periodicals, websites and default rates
Daily Habit: Work Out Daily During Lunch
Ep. 66: "How to Get Started with Note Investing with Bob Berland"
Best Business Books:
Outwitting the Devil by Napoleon Hill and Sharon Lechter
“Become a lien lord, not a landlord”
“When buying 1st position, non-performing notes, you need to actively reach out to the borrower to get them to start paying”
Places to Grab a Bite:
BBQ: Franklin BBQ, Rudy’s, Stubb’s BBQ
Connect with Scott:
Text “Notes” to 72000 for Note Night in America Replay and Powerpoint
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