What Will Your Dash Mean?

Foreign this is the no Closer show where you get the latest developments in distressed note investing and learn the secrets of how you can control millions of dollars worth of property For Panties on the dollar. Get educated and entertained by someone who has closed thousands of deals and lives to support you in achieving the same. Now here's your host CEO of We Close Nodes, Scott Carson Hey Real estate investors, this is Scott Carson. I'm known across the country as the Note Guy and I've been an active note investor focused primarily on the niche of non performing notes, distressed mortgage notes on residential commercial properties for almost 20 years now. My company is we close notes.com and I know there's a lot of different things when it comes to the note world. Are you buying performing notes? Are you buying owner finance notes? Are you buying institutional debt? Like I would focus on Are you buying first seconds contract for each There's a lot of questions and it can be very confusing about what you can or cannot do. So one of the great things that we've hosted for the last couple of years that we do on just about a regular monthly basis is we host our one day class called Note Weekend. If you go to noteweekend.com you can register for our free three and a half hour class. We'll talk to you and share with you how you find fun and flip non performing notes. And yes, you can buy non performing notes from banks, hedge funds and a variety of different hard money lenders out there for your own portfolio. No, you don't have to have millions of dollars to dive into the non performing note game. We've got students that have bought plenty of deals with 2530 grand getting their ball rolling using their self directed IRA who are tired of dealing with toilets, tennis trash desks, tired of battling contractors and GCs to get properties rehabbed. We all know the market is changing and while it may not be like 2008, 9 and 10 again, it we do see a lot of distressed debt out there on both the residential and the commercial side. So if you're thinking about diving into the note game, becoming a note investor, a lean lord as you'd like to say, versus the landlord. Or you just want to figure out what it is about the sexy side of real estate in the note space. Well, check it out. Noteweekend.com doesn't cost you anything. We host it live usually the first or second Saturday of each month. You can go today. Register at the website noteweeking.com Register for the next live class we host. You'll get sent A replay to the previous class so you can start learning about the note business today. No questions asked, no credit card needed. This is a great way for you to dip your toes in the water and see if it's warm because I guarantee going through art three one day class, you want to dive into the deep end and become a note investor. So check it out noteweekend.com you can also go to our website we close notes.com check out our podcast. Check out our YouTube number one YouTube channel. We are here to help support you. Whether you're experienced investor or you're brand new investing Note weekend is a great place for you to get the ball rolling. People often say we cover more in our three hour class than most people cover in their three day class. So check it out. Love to have you be part of our note family but get signed up today@noteweekend.com thanks and have a great day. Good morning, good afternoon and good evening everybody. Hey, welcome to this episode of the Note Closure show. As always, Scott Carson. Excited to be here with today. Hey guys, it's been a while. I know I've taken about a two week hiatus and haven't had a new episode out. There's a little bit of method to my madness. For us, obviously the last week of May is one of the busiest weeks of the year for most people with high school graduations and college graduations and beginning of summer trips and all that good stuff. Prom even for some folks, you know. And then you run into the first week of June and you know my birthday is the last week of May so it took a little couple days to enjoy that and then just got back from a week long kind of trip. I want to say it's a family reunion because it was kind of the idea to go up and spend some time in Minnesota. I had a, an aunt that passed a few months ago and her husband passed a year and a day prior to that. It's my aunt care, my uncle Carol and aunt Paulette, my mom's side passed away so my mom asked me if I wanted to go up to Minnesota and see my aunts and uncles, which I've not been up in, golly over 30 years. 92 was the last time I visited all of them up in kind of northern Minnesota and it was, it was exciting. It was fun going up. I took my mom to the first Twins game. You know how much I love baseball. We had really good seats. She really enjoyed it and the week was went by fast. I will tell you that it was great Spending time with my mom, seeing the places that she grew up. She grew up in this little tiny area up called Lake George, Minnesota, around Park Rapids, Minnesota. It's about a three and a half hour drive north up. Of course, Minnesota is known as the land of 10,000 lakes and. But it was good to see where she grew up. The actual old barn from where she lived as a kid was still there. We visited that. We spent some time with my Uncle Vern and Aunt Flo, my Uncle Dave and Aunt Pam and Aunt Shelley and Aunt Carol and some cousins. It was just really a great time, a quiet time. It's, it's something to be said about being amongst the woods, the pines and the forest up there. Waking up to the sound of wild turkeys in the forest or any right, you know, right beneath your window in the mornings and seeing things and just fellowshipping and catching up. And I, I laughed a lot this past week, which was great for the soul, but just hearing the stories and connecting the folks haven't seen a long time. And it was really, what I will be the first one to admit, it was a little teary flying home out of Bemidji. You know, not only just think of the events and the fun I had, the good food. Don't be wrong. I was glad to get home, glad to see Steph. I slept really good last night, really great night's sleep for the first time, about a week. But it was, it was great just to go spend some time and those memories, you know, we'll go a long time. And hearing my uncles talk about my, my uncles and aunts that are passed and their parents and, and walking among gravestones and graveyards too will make you think about some things. And the reason we went up there, like I said, is for a remembering ceremony for my Aunt Paulette and Uncle Carol there in Lake George. And Lake George is only about 700 people, all right. And most of it, honestly, it's funny, it's, it's the call stores and the Carsons that make up a huge chunk of that city. And there are literally 70 people came out to the remembrance ceremony. Aunts and uncles and my uncle, my aunt, my cousin Randy and cousin Mike and their family, who are the sons of Paulette and Carol. And it was a nice ceremony. Talking about all the craziness and, and fun and how they celebrate their life and live their lives with passion. And it really. The minister that kind of talked about the, the ceremony quoted a poem that made me really think about it and it's really what I want to talk with you guys about today and something to think about. I've been thinking about this for a week since, you know, since it took place this last Saturday. And it really made me think about some things, and I think I want to just pass it on to you. Now, some of you may have heard this poem before, and that's okay. If you have, you have. But I want you to think about some things and think about what the poem says, and we'll talk a bit more about that in just a second. But let me. Let me pull it up here. It basically, it's a poem called the Path, Okay. It was written by a. A poetry. A poet named Linda Ellis. Okay. And it goes a little bit like this. The dash. I read of a man who stood to speak at a funeral of a friend. He referred to the dates on the tombstone from the beginning to the end. He know that first came the date of birth and spoke of the following dates with tears. But said what mattered most of all was the dash between those years. For that dash represents all the time they spent alive on earth. And now only those who love them know what that little line is worth. For it matters not how much we own the cars, the house, the cash, the real estate. You know, what matters is how we lived and loved and how we spend our dash. So think about this long and hard. Are these. Are there things you'd like to change for? You never know how much time is left that can still be rearranged to be less quick, to anger and show appreciation more and love the people in our lives like we've never loved before. We treat each other with respect and more often wear a smile, remembering that this special dash might only last a little while. So when you're usually being read with your life's actions to rehash, would you be proud of the things they said about you, about how you lived your dash? That's by Linda Ellis and Linda Ellis, Life. And go to that. But it really made me think about that because our lives are filled with all sorts of dashes, right? You know, from the time that we're born to the time that we pass where it's at DASH with no end date. Hopefully you're listening. You don't have an end date yet. But one thing that made me think about this as I'm walking among the. The tiny little cemetery and looking at all the callsdorfs, the Carsons that are buried there. And some of them are old, some are almost 100 years old. And you'll see some Tombstones from World War II, you'll see some. You know, the youngest tombstone had a dash that was only between two years. I had two cousins that drowned when they were six and eight. I've got a cousin who disappeared off the face of the earth a few years back. They have no idea where he's at. Just disappeared up in the northern woods of Minnesota. And so that made me think about all our dashes. I mean we have dashes like dashes from when we went to high school, a dash of where he worked at a job, from one date to an end date. Some of us have marriages that had a date. You know, my first it was 2001-2008 with a dash in between there. And I thought I lived that dash pretty well. What I have going on right now, I know I'm doing much better in my dash and hopefully there is not an end date. But what I wanted to think about is what kind of impact do you think about we're having? I, I know so many investors and people that get into real estate, their dashes, they hope their dashes are long, right? 20, 30, 10 years at least. But so many of us have that small dash. Like we start something and we end it, we go into something else. We don't give it the time to marinate, we don't give it time for the experience to kick in so that we'd have a meaningful impact on the people around us, the people that we love. You know, I was disappointed this morning. I get an A response back from an asset manager on a deal that I was looking at. Very excited. I drove by a couple weeks ago and I was up in Indiana and it was a non performing note on the spreadsheet that the hedge fund provides. So I made an offering. I'm excited about it. It's non performing. Well, I get the data tape back in with the attorney notes and I find out, oh, it's not non performing, it's actually performing. And for 30 seconds it was a little bit long, maybe about a minute. I was very disappointed because I really liked that asset. And as an opportunity, yes, it was out in the boonies, five acres near Farm Farmland usa basically. And you start, you know, and it's hard not to as a real estate investor when you start buying something, imagining things happen. Now was I ever going to move up to outside of Indiana? Probably not, especially in the winter, freeze my ass off. But it'll avoid the hell, the heat down here in Austin in some cases. But that's the beat of what we do is that we can do this from anywhere, right? You can do this as long as you have an Internet. You can do this note business. It'll be ideal for that. Because the thing that's made me think more is I think that the dash of me living in Austin is coming to an end sooner than later. We've talked about the moving out of Austin someplace that's a little quieter, not so busy, not so chaotic and not so crazy with the stupid politics of Austin, Texas. Don't be wrong. I love this city. And coming into Austin and getting off the plane, the energy of Austin, you know, it's like coming home and seeing stuff and our cats and in the house and just X, you know, you relax a little bit. But what I'm trying to get at and kind of taking this back is, is to, well, I did kind of take, oh, two weeks off for work. I get a little bit of work while traveling. Didn't open my laptop up once, which was very nice and very rare. I really enjoyed that weak dash of listening to other people's dashes of stories and experiences and being able to experience that week with my uncles and aunts and people and cousins I haven't seen in years. Decades, actually. But the great thing about that's allowed me to get to that is the fact the previous, you know, since I started as an investor in 2008, you know, 16 years of the. Basically, this being all that I do. 16, 13 years of being. This is all that I do. Focused on this. And I missed out in some family reunions. I kind of wish I maybe have gone a little bit more so in the past, but maybe I wouldn't have enjoyed it as much. I don't know. Hindsight is always 2020, right, ladies and gentlemen? And I know that a lot of us struggle with that. Like, oh, I wish I could have done something better. I wish I was a little taller. I wish I was a baller. I wish I had a girl who looked good, I would call her. You know what I mean? But we're all on our journey because of the decisions that we've made along the way. And some of us have more dashes. Don't get me wrong. I got plenty of dashes in my background, from jobs and jobs and jobs to where I'm at today. And I don't think I would go back and change too much. There'd be a couple things that change along the way, but not, I mean, small, minor details that where I'm at today is because of the decisions and My past dashes and where's my future? I don't know. I know that I'll still be a real estate investor, still be a note investor. And I believe Steph and I'll be along for a long time. Yeah. She said, heck yeah. Amen to that. What I'm trying to get at is the things that we do on a day in out basis. Yes, it's difficult sometimes to be 100 committed to real estate and I, you know, I've, there's, I've kind of pulled back from attending different conferences because the, the ego in me, don't be wrong, I have an ego. Anybody knows me knows I have an ego. But the ego is not driven by going out and spending three days out of my house speaking for 30 minutes to an hour. Don't get me wrong, I love networking. I love meeting new investors out there and I. But the time that and toilet takes away from my, my life, my loved ones, my pets, my better half isn't worth that travel anymore. It's worth me being home here, being able to communicate here via social media or the podcast. And I thank you guys all for listening, thank you for watching and I encourage you to reach out to me talkwithscottcarson.com because I'd rather have those conversations on the phone where it's one on one or via Zoom. But when you do leave this earth, what do you want it to say? What legacy do you want to have? Do you want to have where people talk brilliantly? They're not. Nobody's thinking up there talking. He owned 500 houses, he had 500 rentals. That means nothing. Yes, it's great. But what you do with that income. Are you helping people? Are you helping people saving their houses? Are you enriching other people's lives? Are you helping people along the way? That's the thing that I like the most is that I know that we've helped a ton of people over the years. Pulled people out of holes, borrowers out of holes. And that's really why I was so happy. Maybe not at first, but when that asset manager stepped in, the statement, this note that I was going to buy is actually performing, I was like, well, shoot. But good for them, good for them that they got back on their on track. They're not going to lose this 5 acre ranch or farm, stuff like that, the numbers, I don't make sense for me to buy it as a performing. I was just way too low in ROI for what we're doing. But it's a good Day for that family, you know, and how many of those do you get along with? How many times do you get to help people? I'm excited about one of our students, Linda Martin. She was able to help a family up in Massachusetts in a big, a bigger deal where the house needed work, bank was getting ready to foreclose on the deal. The borrower didn't have any money to rehab the property upsell. So she was able to take it over and do it, you know, either take it over subject to, and then pay the, the bank the money to keep the deal. And she's selling it and gonna make some money, but gave some money to the bar too. That's a win win. Congratulations dealing. I'm so proud of you. And Linda's had some health issues in the past. I think her dash is becoming more important the closer that we get to it. When you have a few brushes with life, when you've hit, been hit by this, the big C and overcome it, or you've lost loved ones in your life, it's easy for us to sit there and yes, be sad about losing somebody at the end date of their life, but we all know that our loved ones want us to continue living and going on. And I always think about my dad. I had my dad in my head a lot this past week thinking about, hey, it's all about making memories. You're making memories, you're making memories and just to enjoy it and just to sit back, not be a bump along, but interaction and laugh and be present in where you're at. And that's one of the things I was very happy with, that I was very, very present in where I'm at. Because if you did, if you weren't present, you were busy on your phone or busy doing something else, you're going to miss out on the story. You're going to miss out and experience little things. And that is one of the biggest things I can, I really want to get through with you guys in this episode is that, you know, experiences, living experiences, it's okay to work hard and you got to pay the bills. I get, I understand that. Nothing wrong with that. And for a lot of you out there, you're struggling to pay the bills, you're stressed out because of inflation and more cost of groceries and the job that you have, the paycheck you're getting, there's more month left at the end of it. So the best thing I could tell you to do is keep, keep going. Don't give up on your dreams, don't give up on your goals, don't make that dash. Have an end date for your. Your goals, your dreams. If you want to accomplish something, there's no time frame that says you have to be successful by this time. That's totally up to what you want to accomplish. Your goals, your dreams. And what I have done or what others have done doesn't mean that you have to do it that way. But the thing I want you to realize too is while oftentimes we feel like we're on our own journey and we're by ourselves, you're not alone. Yeah, we have the haters, you've got the, the keyboard wars, the trolls out there that it seems that the good devil likes to give them extra fodder when we're going through a tough time and we're going through trials and tribulations. But I'm a big believer that when you have that happen to you, you must be that much closer to success for that. For the devil to raise his head and try to beat you down, to keep you from finding success. Because we all know that success breeds more wealth, it breeds more help. And the successful are some of the most giving of life. And like I said, if your dash is a little thin right now, that's okay. But what are you working towards? And then one of the things I always say, you know, one of my. When I'm teaching or giving a presentation about note investing, is how long are you going to be in a real estate investor? Well, most of us never die. Real estate investors don't retire. We just, you know, we just kind of slow down a little bit. We work hard and we live off the fruits of our merits. It doesn't mean we stop buying or we stop investing. Will always be doing that. Okay, but how are you helping people? And first you've got to help yourself. That's the most important thing. If you're out there trying to help everybody else, but you're not filling your own cup, you're gonna run out of battery, you're gonna burn a candle at both ends and fall flat in your face. And I've been there, done that. Not good. You gotta take care of yourself first because that dash can end very quickly if you don't do that. And we need you that. We need those dashes to be long and strong and ready to get the friction on. And, you know, I've been around maximum groups where guys and gals are just buying, buying, buying, buying. And there's an emptiness there because it's all about the next Deal. The next deal. The next deal. Well, what about the impact you're having now? You know, real estate investors, a lot of us that have gone through divorce because we spent more time on the business than the business of our families. And that's something that I've been feeling as I turn 47. Stuff like that I like. I actually love where my life is at right now. Yeah, we're not buying three, four, or 500 notes a year. Don't have to. I'm not traveling 40, 50 weeks a year. I don't have to. We do some deals, we're happy where we're at, love my life. I enjoy where I'm at. You know, we know we'll move at some point and we'll do it someplace that's quieter and that's okay. But I know that with my dash so far, we've helped a tremendous amount of people. That's one thing. I'm very, very, very proud of that fact, in the amount of people that we have helped. Yeah, we've had a few hiccups along the way and deals have gone south. That happens. You're, and you're an investor, not a guaranteer. But we've always worked to make sure that people are taken care of. And that's the first thing you do. And you can have somebody stand up you at your eulogy and say that you've helped people. You help people overcome obstacles and you were there for your friends, your families and the loved ones. That's one of the most important things that you can do. So now I've been kind of all over the place a little bit with this podcast episode, is not really talking purely about notes, but think about this. If you're dealing with issues, pick up the phone, give me a phone call. I'm glad to Talk with you. TalkwithScottCarson.com Glad to give you counsel on where you're at and listen and point you in the right directions if you're struggling. Love to talk with you. You're successful, but you still have an emptiness trying to figure out what the next thing is. Let's talk. If you're struggling because you've bought some deals and you're overcome. I've got a nephew who's done really well in short term rentals, but he's, he's basically burning the candle at both ends. You maybe need to slow down a little bit and focus on systems in place so you're not the only person to do it all. And that means Delgado, maybe you need to go Get a va. Maybe you need to give something else and maybe you need to partner up with somebody. Maybe you're struggling to get rock and roll on your own. On your own. You need a coach. Somebody can help guide you along that way. Well, I'm here for you. So think about this. What do you want your dash to say? Take a second, write some things down. What would you love people to say about you? You know, when this was a. I think if you've ever gone to school, one of your professors probably made you write your own eulogy. I had a college professor have us do that my freshman year. Write your own eulogy. You know, and a lot of times the kids are like, you know, 10 term senator, died at 90 years old in the. Passed away in the thralls of love with his 25 year old wife. You know what I mean? Father of 10 kids. You know, it's kind of grace of. But literally, what do you want it to say? Say he was a good person, he's a bad person. He helped people, he was giving, he left a legacy, his kids loved him, kids hated him. Because that's one thing I did hear this weekend too is people that weren't good, who had passed, they're like, oh, that guy was an. Or he was crooked or he was a crook and didn't help anything and all these kind of steal. You don't want that to be a part of your dash. I get it. So that's what I'm gonna leave you with today, guys. What does your dash represent? What does it mean? What is it going to mean in the long run if you're just getting started? Hey, congrats, you're. You're gonna learn. But give whatever you want to achieve, whatever that goal is, give it time, be patient. You're gonna have ups and downs. It's not overnight success. That's why you see that success takes years. Experience takes years. You don't see people, oh, I did basically this overnight and I was an overnight success with a small dash. Nope, doesn't work. You don't have the experience. So go out, take some action, give some thought, live in the moment and as my dad said, go make some memories everybody. And we will see you at the top. Bye.