Distressed Debt & Note Flipping: How to Profit from Mortgage Notes: RealProp Pro Podcast with Ian Dietler

In this episode of the ‪@RealPropPro‬ podcast, host Ian Dietler interviews Scott Carson ‪@WeCloseNotes‬ a nationally recognized note investor. They discuss Scott's journey into note investing, the importance of mindset, and the impact of the 2008 financial crisis on his career. Scott shares insights on how to get started in note investing, the significance of understanding notes and tapes, and the challenges of navigating the market. The conversation also touches on innovative uses of AI in real estate and Scott's exciting new AI cloning technology that aims to enhance the learning experience for investors.

Watch the original VIDEO HERE!

Takeaways

Mindset is crucial for success in real estate investing.

Early work experiences can shape entrepreneurial spirit.

The 2008 financial crisis taught valuable lessons in resilience.

Note investing allows for unique opportunities in real estate.

Understanding the difference between notes and properties is essential.

Patience and coachability are key traits for successful investors.

AI can significantly enhance marketing and operational efficiency.

Networking and building relationships are vital in the note investing space.

The concept of joker brokers can complicate transactions.

Investors should focus on acquiring notes at a discount to maximize profits.

Chapters

00:00 - Introduction to Real Estate Investing and Note Investing

02:57 - Scott Carson's Early Life and Work Ethic

05:34 - The Importance of Mindset in Real Estate

10:12 - Transitioning from College to the Workforce

14:07 - The Impact of the 2008 Financial Crisis

19:20 - Understanding Note Investing

24:20 - Getting Started in Note Investing

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