The Note Closers Show Podcast
The Note Closers Show Podcast

The Note Closers Show Podcast

Scott Carson

Overview
Episodes

Details

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

Recent Episodes

How to Become A Note Investor in 2025
JAN 7, 2025
How to Become A Note Investor in 2025
<p><strong style="color: inherit;">Become a Note Investor in 2025: The Note Guy's Action Plan</strong></p><p><br></p><p>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!</p><p><br></p><p>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.</p><p><br></p><p><span style="color: inherit;">Scott's Key Strategies for Note Investing Success in 2025:</span></p><ul><li><span style="color: inherit;">Choose Your Niche:</span> Note investing offers diverse niches. Do you want to focus on performing or non-performing notes? Residential or commercial? Owner-financed or institutional debt? Pick a niche that aligns with your experience, time commitment, and risk tolerance. Don't try to be a jack-of-all-trades; master one niche before branching out.</li><li><span style="color: inherit;">Build Your Buy Box:</span> Don't just buy any note that comes your way. Define your ideal note, including location, property type, loan amount, and terms. This is crucial for maximizing your ROI and minimizing risk. Scott's "buy box" strategy keeps him focused on notes with high cash flow potential.</li><li><span style="color: inherit;">Master the Marketing Game:</span> Forget outdated marketing strategies. Scott prioritizes direct outreach to lenders and banks through phone calls, email blasts, and—most importantly—LinkedIn. It may take some time to build a strong network but it's worth the effort. It's all about building relationships and letting lenders know exactly what you're looking for.</li><li><span style="color: inherit;">Leverage the Power of Referrals:</span> Your network is your goldmine. Build strong relationships with lenders, banks, and other note investors. Referrals often lead to the best deals.</li><li><span style="color: inherit;">Embrace the Marathon Mindset:</span> Note investing takes time, patience, and due diligence. Don't expect overnight riches. Focus on consistent marketing, due diligence, and building your portfolio. It's about steady progress and long-term returns.</li></ul><p><br></p><p><span style="color: inherit;">Humor and Relatable Moments:</span></p><p>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.</p><p><br></p><p>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.</p><p><br></p><p>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!</p><p><br></p><p><a href="https://youtube.com/live/adZtWhuePuA" rel="noopener noreferrer" target="_blank">Watch the original VIDEO HERE!</a></p><p><br></p><p><a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank">Book a call with SCOTT HERE!</a></p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul>
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45 MIN
Unlock Financial Freedom: Zero-Based Budgeting with Zach Whelchel
DEC 19, 2024
Unlock Financial Freedom: Zero-Based Budgeting with Zach Whelchel
<p><span style="color: rgb(0, 0, 0);">From Paycheck to Paycheck to Property Portfolio: A Budget Coach's Secrets</span></p><p><br></p><p>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 <em style="color: inherit;">zero-based budgeting</em>, a game-changer for anyone aiming to build wealth, whether it's in real estate or beyond.</p><p><br></p><p>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 <em style="color: inherit;">intentionally allocating every dollar</em>. 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"!</p><p><br></p><p><span style="color: inherit;">Key Takeaways from Zach's Budget Wisdom:</span></p><ul><li><span style="color: inherit;">Zero-Based Budgeting:</span> The cornerstone of Zach’s approach, this method allocates every dollar to a specific category before spending. It's like assigning a job description to each dollar, preventing random spending sprees. This is particularly important for real estate investors who often deal with irregular income streams and unexpected expenses. </li><li><span style="color: inherit;">The "Living Document" Budget:</span> Zach stresses that a budget isn't a static document. It's a living, breathing entity that adapts to changing circumstances (like an unexpected water leak in your new investment property). Regularly review and adjust your budget as your life and priorities evolve.</li><li><span style="color: inherit;">The Power of Planning:</span> A budget isn't just about tracking spending; it's about planning for the future. Zach advocates for creating "buckets" for specific goals, like a down payment fund for your next investment property or even Christmas gifts (because let's face it, inflation hits even Santa’s sleigh).</li><li><span style="color: inherit;">Embrace the "Buckets":</span> This is not a financial advice, but a life hack. Having specific buckets for goals like that next investment property, holiday spending, or even those inevitable emergency repairs can keep you on track, reducing stress and helping you stay ahead of the curve.</li><li><span style="color: inherit;">The Accountability Partner (a Coach):</span> Zach’s platform, MyBudgetCoach, offers more than just an app. It provides access to certified financial coaches who can guide you, provide support, and ensure you stay accountable to your goals. Sometimes, having someone else to hold you accountable makes all the difference.</li></ul><p><br></p><p><a href="https://snip.ly/MyBudgetCoach" rel="noopener noreferrer" target="_blank"><strong>Get Signed Up For MyBudgetCoach.com HERE!</strong></a></p><p><br></p><p><a href="https://youtube.com/live/I8zx1XBs9Qk" rel="noopener noreferrer" target="_blank">Watch the original VIDEO HERE!</a></p><p><br></p><p><a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank">Book a call with SCOTT HERE!</a></p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul><p><br></p>
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49 MIN
Beyond the Algorithm: Building Your Real Estate Brand on LinkedIn with Anthony Jones
DEC 17, 2024
Beyond the Algorithm: Building Your Real Estate Brand on LinkedIn with Anthony Jones
<p><strong style="color: inherit;">LinkedIn for Real Estate: Anthony Jones's Secrets to Success</strong></p><p><br></p><p><strong>In today's digital age, a strong online presence is crucial for real estate investors. But with so many social media platforms vying for your attention, where should you focus your efforts? Today's podcast features Anthony Jones, a LinkedIn expert with over 20 years of experience, who shares his insights on leveraging LinkedIn for real estate success. He's not just talking about posting random updates; he's sharing strategies for building a powerful personal brand and generating consistent deal flow.</strong></p><p><br></p><p><strong>Anthony's journey started unexpectedly in the non-profit world, where he discovered the power of LinkedIn for fundraising. But he quickly realized its potential for business growth, transforming it into a primary lead generation tool. He jokingly refers to his initial LinkedIn experience as "learning by doing," a testament to the power of experimentation and the iterative process of building a successful online presence.</strong></p><p><strong>Anthony's advice focuses on using LinkedIn for relationship-building, brand building, and consistent engagement, rather than just for cold outreach or sales pitches. </strong></p><p><br></p><p><strong>Here are five key takeaways from his insights:</strong></p><ul><li><strong style="color: inherit;">Professionalism Trumps Gimmicks:</strong><strong> Forget the flashy videos and dance moves. On LinkedIn, a professional approach resonates best. Focus on providing valuable content and engaging authentically with your network.</strong></li><li><strong style="color: inherit;">Master Short-Form Video:</strong><strong> Short videos are hugely effective for gaining visibility on LinkedIn. Using AI tools can streamline the process, making content creation easier and more efficient. This also helps to cut through the noise of the everyday feed.</strong></li><li><strong style="color: inherit;">Go Live Regularly:</strong><strong> LinkedIn Live streams are a powerful tool for building relationships and generating leads. Use a co-host to keep things flowing smoothly, and don't forget to repurpose the content into shorter video clips for your feed.</strong></li><li><strong style="color: inherit;">Leverage LinkedIn Newsletters:</strong><strong> Newsletters can significantly expand your reach. Make sure your first newsletter is compelling and well-written, maximizing LinkedIn's automatic promotion to your contacts.</strong></li><li><strong style="color: inherit;">Optimize Your Profile:</strong><strong> Craft a compelling “About” section that focuses on your ideal client's pain points and includes a clear call to action. Also, make sure your profile picture and header image are up-to-date and visually appealing.</strong></li></ul><p><br></p><p><strong>Anthony's expertise extends beyond simply using LinkedIn; he provides coaching and resources for those seeking to build their personal brands, create content, and leverage LinkedIn effectively. He recently launched the Brandwagon Club, an online community dedicated to helping real estate professionals master LinkedIn. Remember, building a strong personal brand takes time and effort, but the rewards are worth it. It's not just about closing deals; it's about building long-term relationships and establishing yourself as a trusted expert in your field.</strong></p><p><br></p><p><strong>You can connect with Anthony Jones on </strong><a href="https://www.linkedin.com/in/johnanthonyjones/" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a><strong> and through his </strong><a href="https://snip.ly/BrandWagon" rel="noopener noreferrer" target="_blank"><strong>Brandwagon Club</strong></a><strong>. Remember, building a successful real estate business involves more than just finding deals. It also requires strategic marketing, consistent engagement, and a commitment to building your personal brand. Until next time, happy investing!</strong></p><p><br></p><p><a href="https://youtube.com/live/KxQPyNt7xHk" rel="noopener noreferrer" target="_blank"><strong>Watch the original VIDEO HERE!</strong></a></p><p><br></p><p><a href="https://www.linkedin.com/in/johnanthonyjones/" rel="noopener noreferrer" target="_blank"><strong>Connect with Anthony HERE!</strong></a></p><p><br></p><p><a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank"><strong>Book a call with SCOTT HERE!</strong></a></p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul>
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50 MIN
Unlock Your Millionaire Mindset: Financial Strategies from Derek Kinney
DEC 12, 2024
Unlock Your Millionaire Mindset: Financial Strategies from Derek Kinney
<p><strong>Today's podcast features Derek Kinney, author of </strong><strong style="color: inherit;"><em>Good Money Revolution</em></strong><strong>, and a financial expert who helps people transition from middle-class comfort to millionaire status. His approach isn't about complicated financial jargon or get-rich-quick schemes; it's about a simple, five-step plan that helps you identify what you want and take actionable steps to achieve it.</strong></p><p><br></p><p><strong>Derek's story is a testament to the power of mindset and intentional action. He wasn't born into wealth, but he achieved financial freedom through dedication and a clear vision. He compares the financial world to a vault; most people believe only a select few know the combination, but Derek's mission is to share the "combination" so that anyone can access the secrets to financial success.</strong></p><p><br></p><p><strong>Here are five key takeaways from Derek's advice:</strong></p><p><br></p><ul><li><strong style="color: inherit;">Identify Your Goals:</strong><strong> Write down three personal and three financial goals, then specify what you’ll lose if you don’t achieve them. Visualizing both positive outcomes and the negative consequences is a powerful motivator. (And yes, this includes having that extra latte every day. Let’s be real, it’s part of the dream!)</strong></li><li><strong style="color: inherit;">Earn What You Deserve:</strong><strong> Don’t just settle for what you’re currently making. Identify ways to increase your value at your current job by taking on more responsibility, improving efficiency, or providing more value. Remember, the more value you bring, the more you'll earn.</strong></li><li><strong style="color: inherit;">Launch a Side Hustle:</strong><strong> Leverage your skills and talents to create a side hustle. What are you good at? What do people constantly ask you for help with? Turn that skill or passion into a profitable business.</strong></li><li><strong style="color: inherit;">Give Back:</strong><strong> Linking your financial goals to a charitable cause provides motivation and adds more meaning to your work. Helping others can lead to stronger relationships and enhance your own sense of fulfillment. (And yes, there is also tax benefits to consider!).</strong></li><li><strong style="color: inherit;">Celebrate and Reward Yourself:</strong><strong> Celebrate your successes, big or small. This keeps you motivated and helps you build momentum. Don't beat yourself up over setbacks. Learn from your mistakes, adjust your strategy, and move forward.</strong></li><li><br></li></ul><p><strong>Derek’s "Millionaire Money Map" provides a simple yet powerful framework for achieving financial freedom. This approach emphasizes the importance of setting clear goals, taking consistent action, and having fun along the way.</strong></p><p><br></p><p><strong>You can find Derek Kinney's book, </strong><strong style="color: inherit;"><em>Good Money Revolution</em></strong><strong>, and more information on his website, </strong><a href="https://snip.ly/DerekKinney" rel="noopener noreferrer" target="_blank"><strong>AnyoneCanBecomeAMillionaire.com</strong></a><strong>. He’s also active on Instagram (@DerekTKinney). Remember, achieving financial success isn't about luck or complicated financial schemes; it's about intentionality, consistency, and the willingness to help others. Good luck, and happy investing!</strong></p><p><br></p><p>Watch the original VIDEO HERE!</p><p><br></p><p><a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank">Book a call with SCOTT HERE!</a></p><p><br></p><p>About Derrick Kinney: </p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul>
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50 MIN
13 Must Ask Questions About Wholesaling Notes
DEC 10, 2024
13 Must Ask Questions About Wholesaling Notes
<p><strong>Wholesaling notes can be a lucrative strategy for real estate investors, offering a path to quick profits and building valuable experience. But, like any business venture, it requires knowledge, strategy, and a dash of good old-fashioned hustle. Today's podcast dives into the thirteen critical questions you should always ask yourself before diving into a note wholesaling deal. Skipping these steps could mean losing time, money and potentially your sanity (which, as any seasoned entrepreneur knows, is a precious resource).</strong></p><p><br></p><p><strong>Think of it this way: you wouldn't walk into a high-stakes poker game without knowing the rules, would you? Similarly, approaching note wholesaling without a solid understanding of the deal can lead to costly mistakes. To avoid that, let’s go through the thirteen questions that you should always ask yourself before buying a note:</strong></p><p><br></p><ul><li><strong style="color: inherit;">Know Your Pricing:</strong><strong> Before you even consider sending out offers, you should know your pricing strategy and ideal profit margins. A buyer who can’t confidently state a fair market price is setting themselves up for failure. Don't be that guy (or gal).</strong></li><li><strong style="color: inherit;">Determine Who's in Control:</strong><strong> Who really controls the deal? If the note information comes from a friend-of-a-friend, you likely aren't the one in control. A deal where you are directly involved with the seller gives you the most control and reduces potential headaches.</strong></li><li><strong style="color: inherit;">Understand the Deal:</strong><strong> Make sure the deal itself is actually profitable. You should confidently understand the asset's value, potential cash flow, and potential profit margins in a range of scenarios (e.g. successful re-performance versus foreclosure). A deal that isn’t profitable for </strong><strong style="color: inherit;"><em>you</em></strong><strong> isn't a deal at all.</strong></li><li><strong style="color: inherit;">Determine Who Are The Best Buyers:</strong><strong> Knowing your target buyers ensures effective marketing efforts. Understanding their needs will help you find the perfect buyer for your notes. Are you going after passive investors or aggressive flippers? This will define your marketing strategy and timing.</strong></li><li><strong style="color: inherit;">Timing is Everything:</strong><strong> Negotiating a deal requires understanding timelines. Consider funding deadlines, due diligence periods, and seller motivations when determining whether the deal is right for you.</strong></li></ul><p><br></p><p><strong>The remaining eight questions cover equally important aspects: Are you direct to the seller or working with another broker? What is the overall profit margin? What are the pros and cons? Do you have a buyer's list (and are you using it properly)? How are you marketing the deal? Where are your buyers located? And, finally, would </strong><strong style="color: inherit;"><em>you</em></strong><strong> actually buy the deal and what's stopping you? If you can't answer this last question, move on. Your time is precious.</strong></p><p><br></p><p><strong>Remember, note wholesaling is a numbers game—but the numbers need to be accurate. By asking these 13 key questions, you'll significantly increase your chances of finding profitable deals and avoiding costly mistakes. It's a process that requires constant education, attention to detail, and the willingness to learn from both your successes and your mistakes. Happy investing!</strong></p><p><br></p><p><a href="https://youtube.com/live/OOn3sLDXRoQ" rel="noopener noreferrer" target="_blank"><strong>Watch the original VIDEO HERE!</strong></a></p><p><br></p><p><a href="http://talkwithscottcarson.com" rel="noopener noreferrer" target="_blank"><strong>Book a call with SCOTT HERE!</strong></a></p><p><br></p><p><a href="http://notebuyingfordummies.com" rel="noopener noreferrer" target="_blank"><strong>Sign up for the next Note Buying Workshop HERE!</strong></a></p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul>
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42 MIN