v2.25 - Be the Bank, Not the Landlord (ft. Scott Carson)

Most real estate investing means owning the building – and taking on the tenants, toilets, and trash that come with it. But there’s another way to invest in real estate: owning the debt instead of the property, and collecting the payments as the lender.“The Note Guy” Scott Carson has spent nearly two decades doing exactly that, buying and selling mortgage debt on residential and commercial property. He joins Dustin and Adam to break down his process: buying a delinquent mortgage from a bank at a discount, why picking up a note at half its face value can double your effective yield, and why he aims to “rehab the borrower” not the property.They cover a note’s exit strategies (reselling a reperforming loan, foreclosure, cash-for-keys), Scott’s rule never to buy a note on a property he wouldn’t want to own outright, the surprising tax benefits, and using a self-directed IRA to buy notes.Episode Release Notes & Resources:We Close Notes: https://weclosenotes.comScott’s free note investing training - Note Weekend: https://noteweekend.comWatch episode on YouTube: https://www.youtube.com/watch?v=E6DGhk2WJNQSee all Wealth Independence episodes at https://www.wealthindependencepod.comConnect with Dustin:Big Spring CapitalLinkedIn (/in/TheDustinBailey)Twitter/X (@TheDustinBailey)Connect with Adam:Bidwell CapitalLinkedIn (/in/AdamJPenn)This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.