The Billion Dollar Note Strategy with Scott Carson from the Eat Sleep Invest Podcast with Bryan Driscoll

# 🎙️ From "Naughty Notes" to Wall Street: The Real Estate Strategy Banks Don't Want You to Know | Eat, Sleep, Invest What if you could step into the shoes of a major bank, buy real estate debt at a massive discount, and generate double-digit cash flow without ever dealing with a single middle-of-the-night plumbing emergency? In this episode of *Eat, Sleep, Invest*, host Brian Driscoll sits down with the "Note Guy" himself, Scott Carson. Scott has bought over **$2 billion** in distressed mortgage debt, and today, he is pulling back the curtain on the hidden, highly lucrative world of note investing. If you are a tired landlord ready to trade your tenants for passive payment streams, or an investor looking for a massive competitive edge in today's shifting market, this episode is your golden ticket to the "dark side" of real estate investing. ## What You’ll Learn in This Episode - **The Mechanics of Note Investing:** Exactly what it means to buy a mortgage note, how to become the lender, and why you control the asset without owning the deed. - **The Bank's Pain is Your Gain:** Why traditional lenders are desperate to sell "naughty notes" (non-performing debt) at 40% to 60% discounts just to clear their books. - **The 70% Win-Win Strategy:** How Scott works with distressed homeowners to keep them in their houses while simultaneously turning a massive profit. - **Wall Street Arbitrage:** The genius 12-month strategy to buy a note cheap, get the borrower performing, and flip it back to institutional buyers for a massive premium—with zero rehab required. - **Skip Tracing & Social Media Sleuthing:** The clever, modern tactics Scott’s team uses to track down and successfully open conversations with unresponsive borrowers. - **Scott's Wild First Deal:** A fascinating look into a Phoenix duplex note bought for pennies on the dollar, featuring squatters, a bilingual standoff, and a $15,000 profit without Scott ever visiting the property. - **Due Diligence Red Flags:** How to navigate state foreclosure timelines (and why Scott avoids California), avoid getting wiped out by past-due property taxes, and why buying second liens is like playing roulette. Note investing represents a powerful mindset shift: choosing to buy the *paper* rather than the bricks and mortar. As Scott highlights, sometimes saying "no" to the traditional hassles of real estate is saying "yes" to your future financial freedom. If you want to stop chasing the same oversaturated MLS listings as everyone else, it’s time to start thinking like the bank. ### 🔗 Connect & Resources Mentioned: - **Get Scott's Free 2-Hour Training Class:** Visit NoteWeekend.com to learn the basics of finding, funding, and flipping notes. - **Learn More About Scott:** Head over to WeCloseNotes.com to check out his classes, media, and *The Note Closers Show* podcast. - **Scott’s Top Book Recommendation:** *Outwitting the Devil* by Napoleon Hill. > **Don't Forget!** If you enjoyed this episode, please hit the **Subscribe** button and leave a **5-star review** for *Eat, Sleep, Invest*. Your support helps us bring you the best strategies to get more deals! Watch the Original Video HERE! If you love what you are listening to, then make sure to check out the #1 podcast for note investors by listening to The Note Closers Show! LISTEN HERE! CHECK OUT OUR #1 YOUTUBE CHANNEL HERE!