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The Note Closers Show - The #1 Podcast for Note Investing

The Note Closers Show - The #1 Podcast for Note Investing

By: Scott Carson
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Explore the world of real estate note investing and gain insights into controlling real estate at huge discounts!

Are you a real estate investor or entrepreneur looking to expand your knowledge in the market? Welcome to "The Note Closers Show Podcast," a podcast dedicated to real estate investing, with a focus on note investing.

Join your host, Scott Carson, a seasoned investor with experience in real estate and note investing. This podcast aims to provide a comprehensive look at buying, selling, and managing mortgage notes and paper assets.

What You'll Learn & Who You'll Meet:

  • Distressed Asset Insights: Learn about buying non-performing and performing notes from various sources and how this relates to controlling properties.
  • Expert Interviews: Scott features discussions with industry experts, including attorneys, loan servicers, title experts, vendors, and successful individuals in the field.
  • Actionable Strategies: Gain insights into finding deals, performing due diligence, negotiating, creative financing techniques, and potentially maximizing returns.
  • Beyond the Notes: The show also delves into entrepreneurial skills such as marketing, raising capital, business systems, and the mindset needed for success in various market conditions.
  • Inspiration & Entertainment: Listen to engaging conversations with diverse guests who share their journeys.

Why Tune In?

Whether you're new to real estate investing or have experience, Scott aims to provide knowledge and clarity to help you in your endeavors. The content is presented with a focus on finding opportunities.

Join the Community:

  • Listen to new episodes weekly across major podcast platforms and watch on YouTube.
  • Find free resources and a schedule of events and training at www.WeCloseNotes.com.
  • Learn more about potential coaching opportunities by booking a call at www.TalkWithScottCarson.com.


Subscribe now to explore real estate note investing!

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.

Copyright 2018-2026 Scott Carson, We Close Notes, Inc | All rights reserved Career Success Economics Leadership Management & Leadership Personal Finance
Episodes
  • Real Estate Note Investing Warning: The Risks of Non-Performing Junior Liens

    Real Estate Note Investing Warning: The Risks of Non-Performing Junior Liens
    Oct 22 2026
    Thinking about buying a cheap junior lien or a 5th position real estate note? Think twice before you put your money at risk! In this public service announcement episode of The Note Closers Show, host Scott Carson breaks down why investing in junior liens—especially 3rd, 4th, 5th, or 6th position notes—is one of the fastest ways to get wiped out in real estate. Scott shares real-world horror stories from the trail, including how an investor in Los Angeles got suckered into a 6th lien position behind $900,000 of underlying debt, and how an overconfident auction bidder dropped $15,000 on a 2nd lien without checking title—leaving him responsible for a $180,000 senior mortgage. Scott explains the foreclosure mechanics of senior vs. junior debt, why bankruptcy courts strip encumbered junior liens, and why focusing exclusively on non-performing first liens is the safest, most profitable strategy for real estate investors. Key Topics Covered:The 5th & 6th Lien Trap: Why junior liens marketed for "pennies on the dollar" are often completely uncollateralized and worthless. Real-World Case Study (LA Property): How a homeowner stacked six separate $100,000 liens against $1M in equity, leaving junior lenders with zero recovery protection. Foreclosure Auction Misconceptions: Why buying a junior lien at auction does NOT wipe out the 1st mortgage and leaves you liable for underlying payments. Lien Stripping in Bankruptcy: How Chapter 13 bankruptcy courts strip encumbered junior liens when property values dip below senior debt balances. The Importance of Title Work: Why you must ALWAYS pull title reports, check for senior mortgages, and verify recorded documents before closing any deal. First Liens as the Safe Alternative: Why first-lien note buyers are protected by the physical property, title priority, and insurance coverage. Connect & Scale Your Portfolio:Book a 1-on-1 Strategy Call with Scott: talkwithscottcarson.comLearn Note Buying Fundamentals: weclosenotes.comRegister for the Virtual Note Buying Workshop: notebuyingfordummies.comStop chasing low-quality, high-risk junior debt! Subscribe, rate, review, and share this episode with an investor who needs a reality check on title due diligence! Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
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    20 mins
  • Uncovering Deed Fraud in Distressed DSCR Notes: Houston Case Study

    Uncovering Deed Fraud in Distressed DSCR Notes: Houston Case Study
    Oct 19 2026
    When evaluating seasoned non-performing notes, thorough due diligence is the ultimate line of defense. Welcome back to The Note Closers Show! In this episode, host Scott Carson breaks down a fascinating case study involving a defaulted Debt Service Coverage Ratio (DSCR) investor loan in Houston, Texas. What initially appeared to be a standard non-performing note with an underwater balance quickly turned into a masterclass in uncovering potential deed fraud and unauthorized subject-to transfers. Scott walks you step-by-step through the property metrics, initial DSCR valuation drops, and the exact red flags he spotted while auditing county tax and deed records. Learn how to examine suspicious general warranty deeds, detect copy-pasted PDF signatures, spot out-of-state notary discrepancies, and identify improper legal language like lis pendens in non-judicial foreclosure states like Texas. Plus, Scott outlines his exact bidding strategy—offering $194,000 (65% of as-is value) on a $300,000 property—and details how to leverage cash-for-keys or legal pressure to resolve title defects and capture a projected 25% annualized return. Key Topics Covered:DSCR Note Profile: A 4-bedroom, 2-bath, 1,518 sq. ft. Houston property refinanced into a DSCR investor loan in late 2025 at $395,000, now sitting 8–9 months delinquent. Market Correction Math: Analyzing value drops from $395,000 down to a realistic $298,000–$300,000 market value against an unpaid principal balance (UPB) of $293,000. Uncovering Potential Deed Fraud: How auditing Harris County tax and deed records revealed a suspicious transfer to a new LLC using copy-pasted signatures and out-of-state Florida notary stamps. Red Flags in Title Records: Identifying improper legal terms (such as Florida lis pendens clauses used in Texas filings) and handling unauthorized "subject-to" takeovers. 65% As-Is Bidding Strategy: Why Scott capped his bid at $194,000 (~65% of current market value) rather than bidding off the inflated $320,000 legal balance. Resolution & Exit Strategies: Budgeting $5,000 for attorney/foreclosure costs, offering cash-for-keys, or completing a non-judicial foreclosure to net a projected $52,000 profit (25% ROI). Connect & Learn More:Book a 1-on-1 Strategy Call with Scott: talkwithscottcarson.comRegister for the Virtual Note Buying Workshop: notebuyingfordummies.comJoin the WCN Membership Community: noteumbrella.comDon't let title complications scare you away from high-yield deals—learn how to spot the red flags and profit from problem properties! Subscribe, rate, and share this episode today!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
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    24 mins
  • Texas Real Estate Note Deal Breakdown: 18% LTV Non-Performing First Lien Case Study

    Texas Real Estate Note Deal Breakdown: 18% LTV Non-Performing First Lien Case Study
    Oct 16 2026
    Looking for real-world case studies on non-performing notes with massive equity? Welcome back to The Note Closers Show! In this episode, host Scott Carson breaks down a high-equity, low-LTV non-performing note deal in Conroe, Texas. Scott walks you through the initial evaluation, bidding numbers, foreclosure returns, and the exact exit strategies considered for this $90,000 cash-out refi first lien. Scott breaks down the math on a 四-bedroom, 3,600 sq. ft. home valued around $500,000 with an unpaid principal balance under $89,000 (roughly 18% LTV). He explains why an 80% UPB bid ($71,100) made mathematical sense, how foreclosure or hard-money refinance options would yield a 33%+ annualized return, and what happens to your yield if a borrower files Chapter 13 bankruptcy or enters a loan modification. Scott also shares why he ultimately lost the deal to a whole-tape buyer and outlines the key lessons every investor should know when bidding on multi-state asset pools. Key Topics Covered:Conroe, Texas Asset Profile: A four-bedroom, five-bath, 3,600 sq. ft. property valued near $500,000 with an Unpaid Principal Balance (UPB) of just $88,900 (~18% LTV). Loan Details: 30-year cash-out refi first lien at a 6.625% interest rate with monthly payments under $600, sitting 12 months delinquent. Bidding Strategy at 80% UPB: Offering $71,100 for the note to target a $24,000 gross foreclosure profit, creating an annualized return above 33% within 90 to 120 days. Chapter 13 Bankruptcy Math: Analyzing the conservative downside risk if a borrower files a 5-year repayment plan—yielding an $8,352 annual cash flow (~11.76% ROI). Single Asset vs. Whole Tape Bids: Why seller preference for full-pool buyers led to a whole-tape bid at 85% UPB across 7 states, including slow-foreclosure jurisdictions like New York, Maryland, and Pennsylvania. MLS & Foreclosure Signals: Tracking active listings on HAR/Zillow and recognizing when a pulled listing indicates loan modifications, forbearance agreements, or impending auction dates. Connect & Learn More:Book a 1-on-1 Strategy Call with Scott: talkwithscottcarson.comRegister for the Virtual Note Buying Workshop: notebuyingfordummies.comJoin the WCN Membership Community: noteumbrella.comDon't miss out on valuable market breakdown episodes—subscribe, rate, review, and share this video with a fellow investor today!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
    Show More Show Less
    18 mins
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