How to Spot & Identify a Daisy Chain Tape - Tape Breakdown with Karl Mitchell

How to Spot & Identify a Daisy Chain Tape - Tape Breakdown with Karl Mitchell

Author: Scott Carson September 18, 2025 Duration: 49:25

Transform a Note Tape From Junk to Jewels! 💎 📝

Ready to master the art of analyzing note tapes and identifying hidden gems? Join Scott Carson as he coaches new student Carl Mitchell on a real-life tape analysis! Learn how to spot the red flags of "joker brokers" and implement proven due diligence strategies to find profitable note deals.


In this episode, you'll discover:

  • The Journey to Note Investing: Carl's backstory and how he came to The Note Closers
  • How to Get Started In Real Estate Learn from Carl's journey and take the dive!
  • Why Direct Mail Isn't The end-all solution
  • Finding a List to Get Started: The step by step methods to starting right with finding great leads.
  • Spotting "Joker Broker" Red Flags:
  • Recognizing old tapes.
  • Looking for flexible vs negotiation.
  • Inaccurate list prices and inconsistent data.
  • Listing Hardest Hit Funds that don’t exist.
  • The Power of Due Diligence:
  • Double-checking property ownership using the assessor's website.
  • Identifying discrepancies in addresses and loan information.
  • State Specific Make sure to know where the areas are that you are searching.
  • Understanding a Potential Investors Objectives
  • Must Be Occupied Why this point is so important for long term goals.
  • Elimating notes that don't matter Why it's important to weed out what isn't going to work for you.
  • Calculating Returns and Potential Profit: Analyzing potential yield and profit scenarios.
  • Why you need to re-engineer those numbers to create success
  • The Best Photo is Key to Getting Investors Involved
  • What are some strategies that can be used


Ready to turn your note-finding skills into a profit-generating machine? Tune in now to unlock the secrets of tape analysis and start finding the deals that other investors miss! 🚀 💰


Watch the Original VIDEO HERE!


Book a Call With Scott HERE!


Sign up for the next FREE One-Day Note Class HERE!


Sign up for the WCN Membership HERE!


Sign up for the next Note Buying For Dummies Workshop HERE!


Love the show? Subscribe, rate, review, and share!


Join the Note Closers Show community today:


Get signed up for the Next Virtual Note Buying Workshop Now!


Scott Carson brings his deep experience as a seasoned investor directly to you in The Note Closers Show-The #1 Podcast for Note Investing. This isn't about general real estate chatter; it's a focused dive into the specific, often overlooked niche of note investing. Each episode is built on the practical premise of acquiring control of real estate assets at significant discounts, not through traditional property management, but by understanding and investing in the debt behind them. You'll hear Scott break down complex strategies into actionable steps, sharing the nuances of evaluating, purchasing, and profiting from mortgage notes. The discussions are geared toward investors and entrepreneurs who are serious about expanding their portfolio options beyond conventional methods. Tune in for candid conversations about market trends, due diligence, risk assessment, and the real-world stories of deals that worked and those that didn't. This podcast serves as a direct line to advanced tactics and foundational knowledge, all aimed at building your confidence in this unique segment of the investment world. If you're looking to move past theory and into the practical mechanics of building wealth through notes, Scott Carson provides the roadmap in every episode.
Author: Language: en-us Episodes: 100

The Note Closers Show - The #1 Podcast for Note Investing
Podcast Episodes
How to Stack Checks & Create Real Cashflow in 2026 [not-audio_url] [/not-audio_url]

Duration: 32:13
Unlocking Wealth: Why 2026 is the Year of the "Lien Lord"Are you tired of the "Three Ts" of real estate—Toilets, Tenants, and Trash outs? In a market where traditional deals are drying up and competition is fierce, seaso…
The Tale of Two Tapes:  How We Found Them & Broke Them Down [not-audio_url] [/not-audio_url]

Duration: 42:17
The Tale of Two Tapes: Unlocking Profits in the Note Investing MarketIn the world of real estate, there are those who chase physical property, and then there are the "gentle note investors" who look for the hidden gold w…
The Top Marketing Mistakes New Investors Make [not-audio_url] [/not-audio_url]

Duration: 49:25
The Ultimate Marketing Safety Net: Why You Don't Own Your AudienceIn the fast-paced world of 2026, many entrepreneurs are making a fatal mistake: they are building their entire business on "rented land". Whether you are…
How to Create Your Note Investing Dream Team [not-audio_url] [/not-audio_url]

Duration: 16:06
Your Note Investing Super Bowl: Build a Dream Team to Dominate 2026!Alright, everybody! Scott Carson here, ready to tackle a crucial topic that's been lighting up my phone: building your ultimate note investing dream tea…
The Death of Arizona Real Estate Investing:  AZ HB2486 [not-audio_url] [/not-audio_url]

Duration: 23:09
Arizona's Legislative Shenanigans: Why HB2486 is a Disaster for Distressed Real EstateGather 'round, folks, because Arizona just dropped a legislative bombshell that's so pants-on-fire ridiculous, it makes my hair hurt.…
Are You Down With TPP: Diving Into Trial Payment Plan Loans [not-audio_url] [/not-audio_url]

Duration: 44:43
Alright, everybody! Scott Carson here, ready to dive into a unique opportunity that just landed on my desk: a new list of 50 "early buyout" notes! These aren't just any non-performing notes; they come with detailed servi…
How to Go From Landlord to Lienlord in 2026 [not-audio_url] [/not-audio_url]

Duration: 34:23
Welcome to the new era of real estate investing. If you’ve been following the market lately, you know the old rules are changing. Values are shifting, mortgage defaults are ticking upward, and traditional "fix-and-flip"…
Case Study: Due Diligence on a Tyler, TX Nonperforming Note Deal [not-audio_url] [/not-audio_url]

Duration: 53:58
Welcome to this episode of the Monday Money Coaching Call. Look, it is absolutely freezing here in Austin, Texas. We are talking 18 degrees, which basically means the entire state shuts down because—let’s be honest—nobod…
The 20 Most-Asked Questions  By New Note Investors [not-audio_url] [/not-audio_url]

Duration: 24:54
Good morning, afternoon, and good evening, investor! Scott Carson here, ready to tackle the burning questions in the note investing world. I went straight to the source – Google's Gemini AI – and asked for the 20 most fr…
Why You Need to Learn How To Rinse & Repeat to Dominate Your 2026 [not-audio_url] [/not-audio_url]

Duration: 35:19
Good morning, afternoon, and evening, everybody! Scott Carson here, still shaking off the flu but fired up to drop some serious knowledge. Remember those 4,200 distressed notes we talked about last week? Well, a fresh li…