CTW 094: Scott Carson - Turning Non-Performing Notes into a Solid Investment
Scott Carson has been an active real estate investor since 2002 and has focused on the distressed mortgage and note industry since 2008.Scott is the CEO of WeCloseNotes.com and has purchased over a 1,000 plus deals worth over a Billion dollars in distressed debt. He’s been featured in Investor’s Business Daily, The Wall Street Journal and Inc.com. He is based out of Austin, TX.
Topics Covered:
- Explaining non-performing notes
- Knowing your financial thresholds
- Finding special asset managers and secondary marketing managers
- How to target bigger banks
- Resources: DistressPro and FDIC.gov for banks' quarterly reports
- How to build relationships with banks
- Always have a 3rd party servicer involved
- Always get eyes on an asset first
Nuggets of Wealth
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What is a good tool, source, or platform that you use almost daily that can also help others? Whitepages.com CRM tool, Mailchimp, Infusionsoft
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What advice would you give to new investors looking to get into the note biz? Get educated
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What book are you currently reading? Evergreen Profits
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Where do you see yourself and your company in the next 5 years? Living somewhere tropical 100%, sitting on a beach
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At the end of your life, how do you want to be remembered? Someone who helped create millionaires.
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Scott, where can Commit to Wealth nation go to find out more about note buying and reach out to you? www.weclosenotes.com