In this episode of the REI Freedom Podcast, host Jeremy Beland sits down with Scott Carson, also known as The Note Guy, to look into the world of distressed note investing. With years of experience buying notes directly from banks, Scott explains what note investing is, why banks sell distressed debt, and how you can break into this niche.

The conversation walks through the entire process from identifying banks that hold non-performing notes, to contacting the right people, structuring purchases, and building long-term relationships with bank managers. Scott also shares strategies to maximize profits, the different exit options available, and insights into today’s market opportunities.

Whether you’re new to real estate investing or looking to diversify your strategies, this episode provides practical steps and valuable advice to start your journey in note investing.

Key Takeaways

• What Note Investing Really Is
  Learn how buying distressed notes differs from traditional real estate investing and why it’s an often-overlooked opportunity.
• Why Banks Sell Notes
  Discover the motivations banks have to unload non-performing notes and how you can position yourself to take advantage.
• How to Source Distressed Notes
  Actionable tips on identifying banks with troubled assets and who to contact to get access to these deals.
• Building Relationships
  Scott stresses the importance of cultivating long-term relationships with bank managers to secure repeat opportunities.
• Ways to Profit
  Multiple exit strategies from restructuring loans to foreclosures to wholesaling notes give investors flexibility in maximizing returns.
• Market Opportunities
  Insights into current conditions, including the rise of commercial notes and state-specific challenges to be aware of.

Connect with Scott:

Website: https://weclosenotes.com/

Instagram: https://www.instagram.com/1scottcarson/

If you are ready to stop guessing and start closing more off-market property acquisitions, subscribe to the REI Freedom Podcast on Apple Podcasts and download Jeremy’s free training, The Ultimate Guide for More Deals, Bigger Deals, and Less Cancellations.

https://reifreedom.com/

The market is not waiting. Make the pivot, take massive imperfect action, and close more deals.