All Forum Posts by: Al Curiel

Joel, I don't want to specify. It's a big number. It's all spelled out in the cause of action.. I don't want to appear as the sole victim because I am not. There are many others. I made a tactical mistake by trusting someone that does not deserve to be trusted in the least.  I just want  people to be aware. 

Thanks for sharing, Beth. As you people can see, there are 16... count them 16, lawsuits against Carson. They are all filed in the various counties and easily accessible as they are public records. I regret the day I ever found his "We Close Notes" website. 

Folks, please do your due diligence and DO NOT trust... until you verify. And this goes for all of the companies he is affiliated with as well. Just be careful.  I made an error in judgement and I am paying dearly for making a rookie mistake but I am happy to report I am  making my investors whole out of my own pocket every month. I am not complaining. I deserve it for being gullible, but at least I can hold my head up high and people won't point fingers at me. That's just the way I was raised. Unfortunately I can't say the same for Scott Carson.   

I also got railroaded by Carson. My story is an exact carbon copy as that of Gerry's. Lots of calls, constant pressure to invest, etc. The seduction lied in the fact he is, arguably, a liked and respected member in the Note industry. Soon after the money was deployed, the calls from him became less and less frequent. After asking for status reports, his then assistant would give me a short answer and advise Carson had more to tell me but that he was traveling....always traveling, and that he would call me back upon returning to the office. He is adroit at excuses. Eventually, the assistant was terminated and my calls, texts and emails to him simply went unanswered. 

 There are 16 lawsuits filed against this guy. Thanks to those of you, (you know who you are) who have supported Gerry and me in this most unfortunate experience. I am in the process of finalizing details to be a guest on several Notes ad Real Estate  Podcasts. All of these Podcasters either know him or know of him and were NOT surprised to hear any of this. I will make certain to tell them our story and to warn folks to proceed with extreme caution whenever an "investment" opportunity comes their way from Scott and I will cite this very experience to drive the point. Moreover, we are also in the process of creating a website and will post all 16 lawsuits. They are all public record so feel free to research it but if you don't mind waiting just a little bit longer, you can see it when we post them. We have done all the work and will put them all on the website for the world to see. This guy just needs to be stopped. He has the audacity to go on a month long European vacation and laughing all the way to the bank from the yield of our labor. That is just not right. 

The thing that is appalling and quite disturbing is that he calls himself your friend and gains your trust only to dismiss you like a cheap suit after he has taken your cash and moved on to the next "friend". Carson shows no remorse or interest in making people whole. In fact, he never even showed an ounce of respect nor professionalism to make an appearance on his own behalf in court and thus, the reason I got a default judgment. I am told he brags during his podcasts that he enjoys getting sued for, according to him that is a good way to measure his company's growth. All I have to say to you Scott, if you are reading this, is, if you measure the growth of your enterprise by the number of lawsuits filed against you, your morals, ethics and values are grossly flawed. Your character as a man is nonexistent and your business practices are downright backwards.  

Yeah,, you bet!

Hello, Molly et al,

I think with direct mail, it is all about the follow-up.  The response rate for direct mail campaigns is about 1% to 2%. So if you got four call backs, just get to know your prospects, don't try to close the deal right away. Remember, they are curious. Statistics show you will close the deal after the seventh or eighth touch. That's direct marketing for you. There are other methods of marketing but don't give up on direct marketing. That's how I got started in the notes space ,2 years ago, and eventually was able to broker some notes for quick cash flow. If you have 4 responses, they'll eventually become your clients. Just keep following up with them until they are ready to sell.

Hope this helps.

Cheers!

Al

Hello,

I have never purchased the Experian's Note Holders list or any other vendor's, so I cannot comment on that.

I can tell you I have had success with real estate hedge funds, who sell these loans because they operate on a velocity model. Also loan servicing companies like FCI Exchange, Credit Unions, etc. 

You can  also try a direct mail campaign to folks that have created seller financing notes. The thing to keep in mind is if you are going to go the direct mail route, the loans these people have created are often not in the best of shape from a due diligence perspective, meaning, poor record keeping with the mortgage payments, taxes, recording of documents, etc, etc.

There are other places you can look but the list above should get you started. You can also acquire motes via a joint venture with other seasoned investors who may have established business relationships with the hedge fund asset managers I have mentioned above.

I hope this helps. 

Cheers,

Al

Depending on your risk tolerance and goals, you can go with a passive approach and buy a performing note. As in all things related to risk and reward, you have the same scenario with a performing note. Low risk, and, consequently, low or single digit yields. Moreover, performing notes do not give you a great deal of a discount for the very reason that I mentioned above, they offer safety with passive and steady income. Conversely, if you want to get into assets with some "hair" on them, but potentially higher yields and you have a tolerance for some risk, then a non performing note in the low price band could be a good place for you. I can give you some pointers if you want. Let me know and we can he some dialogue as there is much to discuss to evaluate one's goals, perform due diligence and make a decision. 

I hope this helps.

Best,

Al