All Forum Posts by: Scott Carson

LISTEN TO EPISODE 307 HERE

There are a lot of different rules you have to keep in mind when you’re buying notes because there’s a lot of moving parts to the note business and lots of nuts and bolts. There are a lot of them, but these are probably the ten biggest ones you need to keep in mind when you’re looking at buying distressed notes. This is just a start to get more information to understand things a little better. Grab a pen and paper and write these Ten Note Commandments down so that you’re rock and rolling.

LISTEN TO EPISODE 308 HERE

Master your craft and master the money. Bringing the money to the deal is where the magic is. You've got to master both of those to understand and identify opportunities in the market, not only for yourself but also to understand what your investors are looking forward. However, most people don't understand how to raise capital to buy real estate. Joel Block from Bullseye Capital, LLC says that's what they teach people. They've put together more funds and syndications than anybody in the country. Joel is a seasoned real estate investor with over 25 years of experience in the industry of buying and investing in distressed assets. He is an expert on crowd funding, syndications, and doing some big projects. Joel says if you're good at what you do and you can demonstrate that you're good, it increases the number of opportunities and ways that you can work with people.

LISTEN TO EPISODE 309 HERE

When the floods happened, when the hurricane rolled through Texas, there were somewhere between 45,000 and 75,000 household affected by it. That number is increasing. That’s the hurricane effect. What does that mean? It means there’s an opportunity for us as note investors, if you like Texas notes, to reach out to the banks, reach out to the servicers, reach out to the mortgage companies and mortgage bankers to see if they’ve got anything on their books they want to get rid of. Scott talks about the opportunities you have as note investors during the aftermath of the recent hurricanes.

LISTEN TO EPISODE 310 HERE

Whether it’s a nonperforming first or a contract for deeds, if you are buying assets in the Ohio and Michigan markets, real estate attorney Franco Barile is your go-to person. Having partnered with Tony Sottile, Franco has taken full advantage of the business side of the real estate legal game. Between them, they have four licenses under their belt for Ohio, Michigan, Indiana, and Kentucky doing title and collateral reviews. They have a full creditor’s side bankruptcy department, foreclosure department, collections department, and anything you can think of in the real estate world. Franco talks the Ohio and Michigan foreclosure laws and about the different markets, the markets to avoid, and some things that you probably didn’t know about the real estate business.

LISTEN TO EPISODE 311 HERE

One thing that people have to remember is that the job growth and the opportunities got to keep up with the development. Mike Jordan, president of Strategy Investment Group based in Michigan says he’s seeing a lot more Motor City investments as investors pick up properties and revitalize them in the Detroit area. Jordan specializes in real estate investments and property management services. His specific philosophy is to always look at clean, repair, replace. Where a lot of people in the note business take over poppies, Jordan says he takes over property. He says one thing where you could never go wrong is taking care of the client. Always be honest and communicate with the client even if it’s something they don’t want to hear, and that’s where success is. He shares what his clean, repair, replace philosophy is all about and talks about the Detroit Home Mortgage program.

LISTEN TO EPISODE 312 HERE

We see it all the time, not just in the network marketing business, where we’re working with people who want change. They want to do something different but the how scares them. They slip and fade away and go back to what’s comfortable even if they don’t like it because it’s easy and they know it. But trainer, coach, and author Denise Walsh says it’s not a place of growth. There’s a few things that Denise has learned over the past decade when she’s working with people who are eager to change but don’t know how. Denise says overcoming obstacles involves getting in depth and connecting emotionally with your why because when the why is strong, the how seems to show up. Don’t allow the emotional ups and downs of business to derail you because experiencing all of these road bumps is just a part of the process.

LISTEN TO EPISODE 313 HERE

When you’re in the online marketing space like Kristie and Elijah Whites from Serving Social are, automatically what you get a lot is, “I want to build a web store because this kid on this show that I saw made $100 million in two weeks and I know I could do that because I have a great product.” Kristie and Elijah says you could probably make $1 million dollars in two weeks or even $100 million if you wanted to, but it takes a lot to build up to that certain point and it’s something you have to consistently do. They say when you do something like a podcast, you have to be ready to be authentic. You have to have your own original concepts, your own original story. You have to put yourself out there and you have to be somebody that some people can relate with. In other words, you have to be you. You have to maintain saying, “This is who I am. This is who I’m going to be and I’m going to consistently deliver you this exact same content on a regular basis.”

LISTEN TO EPISODE 314 HERE

Dealing with people can be tricky. Most especially when you are calling your borrowers about note deals. Scott breaks down the to-dos and what-not’s when doing your own borrower outreach. In this business, you will most likely be in the dilemma of choosing between “to call” or “not to call.” Either way, there are things you need to keep in mind when faced with these situations—from the legalities and authorization, up to the right kind of attitude when dealing with people. There is also the question of when not to waste your time with borrowers and why, at the end of it all, the best thing to do is not to call.

LISTEN TO EPISODE 315 HERE

Adding her own touches as a rapper, actor, and overall performer, Alli Blotter shares with us her fresh takes about the content marketing industry as well as how to go about it. Alli is a marketing strategist and content creator. She focuses on the importance of telling a story through your profile, which tugs the emotions and attracts audience. Particularly, she gives advices and tips on LinkedIn marketing strategy and utilizing the visual storytelling aspects of marketing, and talks about the common misconception about going wide instead of being more specific with a niche. Alli shows the usual mistakes people should avoid when it comes to getting their content out there.

LISTEN TO EPISODE 316 HERE

Ron Klein is not called The Grandfather of Possibilities for nothing. Ron classifies himself as a strategic adviser, a mentor, an innovator and inventor, a speaker, but mostly as a problem solver. Not many people may know it, but he's been solving all sorts of problems. He invented the magnetic strip on the credit card that changed a few billion people. He developed the MLS system for real estate and the voice response for the banking industry where the key with your phone and get your account information back in voice. He had spent a lot of time on Wall Street and automated the New York Stock Exchange. He developed the bond quotation, the trading system, and the treasury system. Ron talks more about what he's done and shares how he's been able to fail retirement three times.