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Note Night in America

Note Night in America

By: The "Note Guy" Scott Carson
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Unlock Six Figures & Beyond in Distressed Debt Investing.

Welcome to "Note Night in America," the essential weekly podcast for savvy real estate investors worldwide! Every Monday night, a global community tunes in live with host Scott Carson, CEO of WeCloseNotes.com, to master the niche world of note investing and distressed debt.

Since 2010, Scott has mentored the "Who's Who" in the note industry, helping investors close on thousands of deals and providing the specific coaching needed to build a successful real estate business.

What We Cover (Topics & Keywords):

  • Finding Deals: Learn insider tips and tricks for sourcing nonperforming, performing, residential, commercial, owner-financed, or institutional paper.
  • Raising Capital: Master the art of private funding, including strategies for finding Self-Directed IRA (SDIRA) investors using county record hacks.
  • Marketing: Effective strategies for marketing your business to attract sellers and capital partners.
  • Workouts & Due Diligence: Navigate complex situations like foreclosures, loan modifications, and legal compliance.
  • Expert Interviews: Weekly interviews with attorneys, loan servicers, vendors, and top industry experts.
  • Motivation & Mindset: The mental toughness required for entrepreneurial success and making six figures and beyond.

Meet Your Host: Scott Carson

A 20-plus year veteran as a real estate investor and entrepreneur, Scott is a multiple award winning educator and podcaster, and a media favorite, featured in The Wall Street Journal, Inc.com, Investors Business Daily, and hundreds of conferences, podcasts, and real estate clubs across the country. He brings honest, no-bull experience to help you reduce your learning curve and maximize the learning process.

Join the Tribe:

  • Listen Live: Register for the live weekly webinar at http://NoteNightinAmerica.com.
  • Scott's AI Clone: Ask questions and get answers at http://ScottClone.com
  • Watch Replays: Catch video episodes at http://WeCloseNotes.tv.
  • Free Book: Download Scott's free book at noteblueprint.com.
  • Connect: Schedule a one-on-one call with Scott at http://TalkWithScottCarson.com.

Subscribe now and start your journey to financial freedom through debt investing!

Copyright © 2018-2025 Scott Carson, We Close Notes, Inc | All rights reserved Career Success Economics Leadership Management & Leadership Personal Finance
Episodes
  • How Arizona Legislators Are Trying To Kill Real Estate Investing: AZ HB2486

    How Arizona Legislators Are Trying To Kill Real Estate Investing: AZ HB2486
    Feb 6 2026
    Arizona's Legislative Shenanigans: Why HB2486 is a Disaster for Distressed Real EstateGather 'round, folks, because Arizona just dropped a legislative bombshell that's so pants-on-fire ridiculous, it makes my hair hurt. We're talking about HB2486, a bill so aggressively anti-investor it’s practically a blueprint for how not to help distressed homeowners. And let me be crystal clear: this isn't just some anti-wholesaling fluff; this thing targets every single investor – flippers, buy-and-hold, even your grandma doing a creative deal!The government, bless its meddling heart, wants to dictate how much you can pay for a distressed property. Because, apparently, two consenting adults deciding on a fair price is just too much freedom. If this passes, say goodbye to viable solutions for struggling homeowners and hello to a tsunami of foreclosures. We need to stop this legislative train wreck NOW.Here's why HB2486 is a colossal pile of legislative horse manure:You're an "Equity Purchaser" (aka, a Villain!): If you acquire property, don't plan to live in it for 12 months, and intend to make a profit (you know, like a business?), congrats! You're an "equity purchaser." This bill doesn't care if you assign, double close, or use cash – if you're an investor, they're coming for you."Distressed" Means Whatever They Say It Means: A property is "distressed" if the seller is delinquent, received a foreclosure notice, OR – get this – believes they might default soon. So, if a homeowner has a bad dream about defaulting, your deal might be toast. Makes perfect sense, right? (My sarcasm meter just broke).The Infamous 82% Rule & Escrow's New Big Brother Role: This is where it gets crazy. You CANNOT buy a distressed property for less than 82% of its as-is fair market value. Period. No exceptions. Escrow and title companies are now legally prohibited from closing if this arbitrary threshold isn't met. So, the government, not the market or the homeowner, decides what a property is worth.Creative Financing: Poof! It's Gone: Sub-to? Forget it. All liens must be paid in full at closing. Seller financing, wraps, installment sales? Banned – the seller can't extend credit. Rent-backs/lease-backs? Limited to a laughable 20 days post-closing. This bill isn't just anti-creative finance; it's a full-on annihilation of options.Wholesaling Gets a Bullet to the Head: Wholesaling at 82% of FMV is like trying to make a profit selling lemonade in a snowstorm. Impossible. Plus, if you're non-licensed, you're limited to ONE deal per year. Two or more? You need a license. It’s like they want to ensure only the most incompetent can survive.This bill, introduced by Rep. Oscar de Los Santos, doesn't protect homeowners; it removes their viable options, pushing them closer to foreclosure. It criminalizes standard, consensual real estate transactions and turns neutral transaction facilitators into government price police. This is excessive government control, plain and simple.If you value free markets, property rights, or simply believe distressed homeowners deserve options beyond a one-way ticket to foreclosure, now is the time to act. Go to THIS LINK NOW, contact the state representatives handling the bill, email them and tell them why they need to oppose this bill. Let's send a clear message: Arizona needs smart solutions, not legislative suicide.Watch the Original VIDEO HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest
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    20 mins
  • How to Go From Landlord to Lienlord in 2026

    How to Go From Landlord to Lienlord in 2026
    Jan 31 2026
    Welcome to the new era of real estate investing. If you’ve been following the market lately, you know the old rules are changing. Values are shifting, mortgage defaults are ticking upward, and traditional "fix-and-flip" or rental strategies are becoming harder to scale. I’m Scott Carson from WeCloseNotes.com, and I’ve spent years helping thousands of investors transition from the headaches of physical property management to the high-yield world of note investing. In 2026, the biggest opportunity isn’t in owning the dirt—it’s in owning the debt. It’s time to stop being a landlord and start being the bank.5 Key Insights from the 2026 Note Investing OutlookEscape the "Three Ts" of Landlording: Traditional real estate often comes with "Toilets, Trash, and Tenants". Note investors avoid these by owning the mortgage rather than the physical property, meaning you never have to deal with broken ACs or midnight repairs.The Power of the Discount: One of the greatest advantages is buying notes at a significant discount from banks. For example, you might buy a $100,000 debt for $70,000, giving you immediate equity and higher yields than traditional rentals.Capitalizing on Market Chaos: With mortgage defaults increasing and values dropping in some areas, banks are eager to move "non-performing" notes off their books. This creates a massive "secondary market" where savvy investors can find high-potential deals.Passive Income without Property Managers: Because the borrower is responsible for the property's upkeep, taxes, and insurance, your role is purely financial. You collect the monthly principal and interest just like a major bank would.Superior Position in the Market: As a note holder, you hold a superior legal position compared to a landlord. If a tenant doesn't pay a landlord, the landlord loses income; if a borrower doesn't pay a note holder, you have the right to foreclose and take the property itself, often for much less than it’s worth.The window of opportunity in 2026 is wide open, but it won't stay that way forever. Whether you’re a tired landlord, a frustrated flipper, or a new investor overwhelmed by the current market, note investing offers a path to truly passive wealth. Don’t let another year go by dealing with the same old headaches. It’s time to level up your strategy and start making offers that make sense in today's economy. If you’re ready to take the next step, visit NoteBuyingForDummies.com and let’s turn 2026 into your most successful year yet. Let’s go out there and kick some ass!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest
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    31 mins
  • Doing A Deeper Dive Into 3,000 Nonperforming Notes

    Doing A Deeper Dive Into 3,000 Nonperforming Notes
    Jan 27 2026
    We just held a special Saturday edition of Note Night in America, diving headfirst into a massive tape of 3,067 distressed mortgages. Yes, you read that right – three thousand opportunities across 49 states (and zero in New York, yay!). If you're ready to get past the "no dumb questions" and onto making some serious money, this recap is your golden ticket. We're talking NPLs, REOs, Subject-Tos, and everything in between – all designed to turn that distressed data into dollars.Here’s your no-nonsense guide to pumping up your private capital:The Motherlode: 3,067 Distressed Notes Unpacked: Discover the raw data, fresh from December 31st, covering 49 states (and DC!) with top markets like Florida ("God's waiting room"), Texas, Georgia, and California. This isn't your grandma's list – it's ripe for picking!Decoding Default: From 90 Days to 7 Years: We dissected the default spectrum: 597+ notes are 12+ months behind (some a mind-boggling 7 years!), alongside thousands more in the 3-6 month and 90-day default buckets. Each stage unlocks different strategic plays for savvy investors.Navigating Legal Labyrinths: Gain insight into the loans' legal statuses, with 350 in bankruptcy, 2,247 in loss mitigation, 661 already in foreclosure, and a surprising 149 already flagged as REOs – these details are crucial for your due diligence.Your 4-Pronged Attack Strategy: Learn Scott's battle-tested approaches:NPLs: Buying 6+ month defaulted notes at deep discounts and reperforming them.Foreclosure: Taking back assets for equity if borrowers won't play ball (especially in fast states like Texas!).REOs: Directly targeting the 149 pre-foreclosed properties for quick flips or rentals.Subject-To/Wraps: Focusing on 90-day defaults for homeowner negotiations.Pricing Secrets & Due Diligence Drill: Get the formulas for making competitive offers: ~80% of Legal Balance for equity deals, ~65% of Fair Market Value for negative equity, and ~70% of AVM for REOs. Plus, crucial tips on factoring in taxes, foreclosure costs ($10k estimate!), and state-specific timelines.This isn't just theory, folks; it's a deep dive into actionable data with clear strategies to capitalize on the distressed real estate market in 2026. Remember, bids are due by Wednesday at noon, so there's no time to be a "wallflower" or making "lowball offers" that "homie don't play that." Don't miss out on turning these distressed notes into serious profit. Go out, take some action, and we'll see you at the top! Watch the Original Video HERE!Love the show? Subscribe, rate, review, and share!Here’s How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest
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    2 hrs
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