Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago, 02/11/2022

User Stats

6
Posts
30
Votes
Todd LaPierre
  • Flipper
  • Clermont, FL
30
Votes |
6
Posts

Another victim of Scott Carson, We Close Notes and Inverse Assets

Todd LaPierre
  • Flipper
  • Clermont, FL
Posted

Like Gerry's earlier post, I was very reluctant to share my story.  But now the time has come for me to share like Gerry so that no one else gets themselves in a bad deal with Scott or anyone else.  I specifically waited 2 months from Gerry's post and started a new feed because I want this to be fresh and I want everyone to read it again to hammer home the message about investing with Scott Carson, We Close Notes, or Inverse Asset Fund

My story is very similar to others who have posted and shared. I followed Scott for a very long time. I did his online workshops, notecamps, joined his Note Crew, and etc. I flew to DME in California where I met him in person. I believed him to be a genuine guy. I loved his message of integrity and to always take care of your partners before you took care of yourself. I really thought this was the JV opportunity I was looking for. A professional who knew what they were doing and would keep my investment safe with good returns and also give me an opportunity to learn.

After I wired the money the true story began. It now has almost been 24 months and I have yet to receive any of my funds or stated returns back. I have had to hire an attorney to take it to the next level. In those near 24 months, I have watched Scott continue to take in money from his coaching, masterminds, and online workshops. He has continued to take some of the longest and most luxurious vacations imaginable while my inquires as to where our JV deals are headed go unanswered and ignored. I terminated the deal per the agreement and still have not received a dime. On a few occasions, I did get responses from Scott I feel they were disingenuous and a delay tactic. I have deals come across my desk every day where I can be putting this money to work but instead, I have had to invest more money in the dead deal by hiring an attorney.

I am most disappointed in Scott because I believed in him.  I promoted local events in Orlando for him to my local investor community.  I invited my friends and family to come see him and listen to his podcasts.  I referred everyone to Scott if they wanted more note training.  I've had drinks and socialized with him.  Every conversation started with "we are cashing you out next month".  Then it was next month and next month and any day now.  All this time I continued telling myself surely this is not really happening.  Surely he would not take advantage of me of all people.  Then I went to the Travis county courts and started doing a public records search.  Go look for yourself.  You will find me and many other people with similar stories.

I wouold not recommend anyone invest with Scott or any of his entities.  If you already have I would recommend you start working on getting your money back now because it will be a long journey.  Before you invest with anyone do your due diligence on the partner and the underlying security of your funds.  Don't do it just because they seem to be a nice guy with charisma!

Loading replies...