In this episode of the Peak Profits podcast, Scott Carson, president and CEO of We Close Notes, shares his extensive knowledge on note investing. He discusses his journey from a real estate investor to a leading educator in the debt buying and note investing space. Scott explains the intricacies of non-performing notes, the process of buying notes from banks, and the risks involved in note investing. He also highlights current market trends and opportunities, emphasizing the potential for investors to leverage self-directed IRAs for note investments. Scott's insights provide valuable guidance for both novice and experienced investors looking to navigate the world of note investing.

Chapters

00:00
Introduction to Note Investing
01:02
Scott Carson's Journey into Note Investing
04:00
Understanding Non-Performing Notes
10:49
The Process of Buying Notes from Banks
15:17
Targeting the Right Banks for Note Purchases
20:01
Getting Started in Note Investing
24:05
Managing Risks in Note Investing
28:06
Understanding Property Management and Due Diligence
29:40
Real Estate Investment Lessons from Distressed Properties
31:37
Market Trends and Economic Forecasts
36:40
Leveraging Self-Directed IRAs for Investment
42:44
Future of We Close Notes and Investor Engagement

Takeaways

Scott Carson has been in the mortgage and finance industry since 2001.
Note investing involves buying distressed mortgage debt from banks and hedge funds.
Non-performing notes are mortgages that have not been paid for a significant time.
Investors can buy notes at discounts, creating potential for high returns.
The process of buying notes includes due diligence and working with banks.
Managing risks in note investing involves understanding property conditions and market dynamics.
Self-directed IRAs can be used to invest in notes, providing tax advantages.
The current market presents opportunities for distressed debt due to rising default rates.
Investors should focus on understanding their local markets when buying notes.
Networking with banks and lenders is crucial for finding good deals in note investing.

Connect with Scott Carson

🔍 LinkedIn
🌐 Website