Bad Beats

16/03/2022 23 min
Bad Beats

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Episode Synopsis

Nonperforming Notes and Sovereign States Introduction and Scott Carson’s background [3:00] Intro to the ‘Bad Beat’ featuring 11 notes in Chicago. [5:10] Scott Carson talks about the trouble he had with evictions, including: A gun being pulled on a process server. A tenant declaring his dwelling a ‘sovereign state’ $250,000 in attorney fees [9:13] Scott Carson talks about the lengthy legal proceedings involved with this deal. [12:15] Scott Carson talks about how to maintain good relationships with investors and what repayment of investors looked like. [16:00] Scott Carson talks about his 5 cornerstones of conducting business: Buying first lien only Below market value Insuring the property Proper paperwork/Legal assistance Wire to a bank not to you directly [17:38] Scott Carson talks about what his drive for wealth accumulation is and his passion for educating others [19:35] Scott Carson talks about his goal to educate and create 10,000 note investors over the next 5 years. [23:57] Lesson Learned

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