Note MBA

148: The 5 Best Ways To Lose Money In Note Investing

The 5 Best Ways to Lose Money in the Note Business   Intro   #5 - Investing Your Last Dollar Twofold -- you have to keep money on hand for holding costs and workout expenses. If you have $50k to invest, you better not buy a $50k deal or you are going to stuck holding that deal forever. Your servicer’s kids need to eat too, you know.   You also do not want to invest the last of someone’s savings. These will be the investors that constantly want to check in and see how things are...

147: Note Investing to REO & Finding Yields In Different Markets

146: Endure The Monotony Of Success

Endure the monotony of success, according to Gary Keller that is something that sets winner apart from everyone else. "The number one reason most people will fail, it's because they are unwilling to endure the monotony of success." Robby talks about it at the top of the show, but there is no question that 2017 was one crazy year. We experienced some tremendous opportunities for growth and education through some hard knocks. And though we are definitely grateful for that. We're also grateful ...

145: Buying $300 Million A Year In Notes & Note Expo 2017 Recap with Bob Repass

Bob Repass is a 25-year veteran of the seller finance and note investing space.  Over his career, he has purchased over 40,000 performing and non-performing mortgage loans totaling over $2 billion in volume. He brings a tremendous amount of expertise to show, and we really enjoyed talking with him during the expo - and on today's show. [smart_track_player url="http://traffic.libsyn.com/notemba/NMBA-Episode-145.mp3" title="145: Buying $300 Million A Year In Notes & Note Expo 2017 Recap with...

144: Evolving As An Investor

Evolving as an investor is the best way to keep yourself ahead of the competition. And though we've discussed on the show before that in the note investing space people can have a spirit of coop-etition, there is certainly still an element of competition in there. Which makes evolving as an investor an important endeavor. [smart_track_player url="http://traffic.libsyn.com/notemba/NMBA-Episode-144.mp3" title="144: Evolving As An Investor" artist="Note MBA" social="true" social_twitter="true...

143: Your First Note Investing Deal

Your first note investing deal can be daunting as hell. Have you gotten yourself set up with all the right vendors? Have you fully research things like foreclosure timelines in the market you're investing in? How long did they say the service transfer was going to take? Wait, what's a service transfer? All of these - and admittedly many more - are important questions to review as you start note investing. During today's show David breaks down some items currently going on with his first note...

142: Boots On The Ground And Note Expo

Boots on the ground is a phrase you're likely to hear quite a bit in the military and in real estate. And sometimes it hard to tell which group takes it more seriously. Boots on the ground is what we say in the real estate space when we're referring to having a solid group of referral partners in place in a particular area.  Boots On The Ground On a recent trip to Ohio I got the opportunity to establish some more boots on the ground contacts. Well, I tried at least. Before heading out we...

141: Buying an Entire Hedge Fund Tape

Buying an entire hedge fund tape sounds really exciting - and maybe a little scary. Recently, with many of the pricing issue we're all seeing in the market, we've decided that buying an entire hedge fund tape seems to be the only way to get the deals and pricing we want. On today's show we talk about our recent at bat trying to do just that. Buying an Entire Hedge Fund Tape We've heard a decent bit of grumbling in the market about pricing - we've even talked about it on the show before. ...

140: Delinquent Tax Proof of Payment Strategy

Delinquent tax proof of payment strategy was a hot topic over on our Facebook page. Robert wracked his brain for a strategy and system to improve the way we handle providing proof of payment on delinquent taxes. And it would appear as though we've made some headway.  Deal Closings and Course Launching It's been a ruckus past few weeks for the Note MBA team. We've had several closing, some of them from note deals - including a bit of wholetailing - a lot deal, and David closed on his flip...

139: Wholetailing Might Be Something Your Note Investing Business Needs

Wholetailing might be a phrase you're unfamiliar with - heck, you might think I spelled wholesaling wrong. And though wholetailing and wholesaling might sound similar they are very different strategies. Deciding to wholetail a deal might end up saving you some serious time and money. Let's get into it. Wholetailing & Note Investing The best definition for a note deal worth wholetailing is an asset that isn't busted up enough to wholesale, but isn't nice enough - or rehabbed enough - for ...

138: Note Investing Insurance

Note investing insurance can present some murky waters for a new - and experienced - investor to wade through. That's why we're talking with one of our favorite insurance service providers on this week's show. We've also had a ton of requests for this topic with all the hurricanes, storms and natural disaster happening in many states that we all invest in. Note Investing Insurance Mel Babtkis from Ross Diversified, joins us on today's show to talk all about the note investing insurance y...

137: On The Horizon

136: Building An ROI Calculator

Building an ROI calculator is something every note investor should do. Last week Robby gave David some tough love for not having one done yet - among many other things. So, this week we discuss the process David is going through to build one, and some of the challenges he's encountering. HUD Home Flip David recently finished his flip. He put it up on the market just a few days ago in fact. This was one of the items on his list that Robby was asking him about during last week's tough love...

135: Do You Have An Accountability Partner

Do you have an accountability partner? I'll be asking you this question again. This is one of the areas I think too few people focus on. After much real estate talk, Robby as a tough love session with David about some of the things happening in his business. We've had these back and forth sessions before, but this is David's first one. We want to see him win with his business. So, we breakdown some accountability for him. The Road Show Never Stops Thanks to the wonders of the internet th...

134: Mid-Year Goals and Routines

Mid-year goals and routines have been top of mind for us these past few weeks. Mid-year goals for obvious reasons, we've done a mid-year goal review show every year since 2015. However, the topic of routines, though something we've definitely covered before, isn't something we've talked about like this before. Mid-Year Goals and Routines Today's show format is a bit different. We wanted to have all three of us on to talk about this topic, but it just couldn't happen. So, we've got Robby ...

133: Supreme Court Adopts New Bankruptcy Rules

Supreme court adopts new bankruptcy rules that could affect our entire industry.. or not. No, they probably will. Though it can be hard sometimes to parse out all the doom and gloom messaging from many different news outlets. Bankruptcy itself isn't going away, so that isn't the major change. What we've been served with, however, is a new set of rules to play by. We talk about some of them in this week's show. Supreme Court Adopts New Bankruptcy Rules Finally, after several years of deba...

132: Note Investing Due Diligence And Crappy Weeks

Note investing due diligence has been a huge focus for us recently. With the addition of David to the team, it's been important for us to get him on top of his due diligence game. This is where you have the chance to make or break the profitability of your business. It ins't a cliched saying for no reason, "you make your money on the buy, no the sell." Due Diligence Pro Updates For those fantastic listeners that use Due Diligence Pro there has been some updates to the app. If you use the...

131: Note Investing Road Trips

Note investing road trips can be a vital component to a thriving investing business. Or at least that's what the travel loving Robert Woods and David Glinkski keep telling me. While we took off the week last week for the July 4th holiday. Woods and Glinski were traversing the Midwest in search of real estate deals. [smart_track_player url="http://traffic.libsyn.com/notemba/NMBA-Episode-131.mp3" title="131: Note Investing Road Trips" artist="Note MBA" social="true" social_twitter="true" soc...

130: Reviewing Your First Note Investing Deals

Reviewing your first note investing deals can be a daunting task. You finally get a tape in, you load up Due Diligence Pro, and you get down to business. Before you know it, you've isolated a few potential deals, then what? If you're like some of the folks that send us emails, or our very own David Glinkski, you might have to overcome that moment of fear. Is my team in this market set up? Do I believe the BPO? Can I trust my ROI calculator? Let talk about it in this week's show. Road Tri...

129: When to Start Looking for JV Investors

When to start looking for JV investors? It's a question that has come up regularly in the Note MBA inbox. So, we decide to tackle this topic on today's show. We also cover Nevada as a super lien state, using your reserves to invest in deals, we take our first call-in question, and more. It's a freaking jam packed episode! If you dug the call-in segment let us know. We can potentially work out a better system for taking the calls, and bring more of that kind of content to the show. We absol...

128: How to Handle Overwhelm in Real Estate

How to handle overwhelm? This was the question I was asking myself after receiving a tough to read email from a podcast listener. And no, before you ask, it wasn't tough to read because I'm getting older and need glasses. My wife already beat you to that joke. It was a difficult email to read because it contained some harsh criticism for the podcast. It was tough to read because I love doing the show, and want to produce the highest quality product I can for everyone. And it was hard to re...

127: The Most Important Things In Life

Every so often - though not as often as it used to - I encounter emotions bordering on ballistic because the line at the store is taking longer than it should.  Or when my charisma doesn't get me the upgrade I wanted. Or when one of my children is in a mood that could certainly cause the start of World War III. Or any number of other things. However, thanks to the podcast, but mostly my friendship and relationship with Robby Woods, I've been able to recognize a few things. One...

126: How To Live Richly With Sándor Lau

How to live richly is one of the chief focus points for today's show, with Sándor Lau. Before we get into all that though, we break down how and why Sándor got into note investing. Sándor is a super charismatic guy, and one of my new favorite people in the note space - though he's been in it longer than I have. Like we mention in the show he's the Chinese-Hungarian-American-New Zealander, Eagle Scout, and Fulbright Scholar your mother warned you about. However, don't let that description f...

125: Buying Multiple 2nd Lien Notes, Instead of One 1st Lien Note

Buying multiple 2nd lien notes, instead of one 1st lien note - for the same amount of money - was one of the primary topics on this week's show. As we continue our march towards June, May the month of 2nds rolls on. This week we have a delightful conversation with Cathie Jeffs. Cathie has been a full time investor in the second lien space since 2011. Like myself, and many others, she got her start in the space after being downsized.   She made a brief pitstop with the fix and flip crowd, b...

124: Investing in 2nd Liens, Case Studies and Turtle Pools

Investing in 2nd liens has been the topic all month around here. And you know what? We're not about to stop now! On today's show we've got two phenomenal investor talking all about investing in 2nd liens. They drop some deal examples and case studies. We also cover some of the difference between the due diligence process on 1sts and 2nds. [smart_track_player url="http://traffic.libsyn.com/notemba/NMBA-Episode-124.mp3" title="" artist="Note MBA" social="true" social_twitter="true" social_fa...

123: Investing In Ohio Real Estate with Franco Barile

Investing in Ohio real estate is something we've been doing for some time. We've talked about numerous note deals happening in the wonder state of Ohio. In fact, that deal we've been lamenting because of an aggravating contractor, Ohio. The deal with the borrower that deeded a property to a friend, who subsequently filed bankruptcy, Ohio. Suffice to say we know a bit about investing in Ohio real estate. Today, we have the opportunity to talk with, Franco Barile. He's an attorney in Ohio, a...

122: Fuquan Bilal Talks 2nds, Hypothecation, And More

Fuquan Bilal is one of the nicest guys you'll meet in the note investing space. If you're at an event, he's always available to answer questions, give feedback, or just rap with you about the industry. He's been on the show before, and now he's back to help us kick of May the Month of 2nds. We've openly talked on the show before about not having much experience in the 2nds space. So, we though now would be as good a time as any to bring some experts on to talk about them. We could hardly t...

121: Paper Source & Due Diligence Pro

Show notes coming soon!

120: Working a Short Sale

Working a short sale can be a bit tricky. That is if you're working with traditional banks. One of the exit strategies I most often forget about is doing a short sale. On today's show we do an interview of sorts about just that, working a short sale. Of course, it wouldn't be a Note MBA deal if there wasn't a bit of creativity thrown in for good measure. So, you're going to want to get the lowdown on this deal. Working a Short Sale Today we interview a newcomer to the real estate inves...

119: Long Distance Remodeling

Long distance remodeling is current kicking Robby's butt. Well, more specifically one particular long distance remodeling job is kicking his butt. On today's how he steps up to the late to talk about our difficult Ohio deal. He isn't just pointing fingers either. On this deal he talks about some of his shortcomings as well as the massive pain that a few contractors have been. Long Distance Remodeling Robby took a day trip up to Ohio to inspect one of our remodels. During a dinner with ...

118: Your Note Investing Strategy

Your note investing strategy is going to take many different forms. Some of the key factors that will inform your strategy are current and past relationships, individual skills, prior real estate experience, etc. Let's dive in on how David is planning to start growing his note investing business. One of the biggest things we'll be interested to see how David attacks note investing is DistressedPro. We recently had Brecht on the show, and we've been wanting to work the software into our bus...

117: Growing Your Real Estate Investment Team

Growing your real estate investment team can be a daunting task. We've talked about some recent additions to the team in a few episodes. However, today's announcement will be a bit of a shake up for us. Today we introduce a new co-host for the Note MBA podcast. Along with today's announcement, today's show was the first time Robby and I've recorded a show in the same room in what feels like forever. So, if you're interested in the video component, please head over to our YouTube channel. D...

116: Metrics Real Estate Investors Look At When Deciding To Invest

What are the metrics real estate investors look at when deciding to invest? Which social networks should I be focused on to attract more deals and private capital? Those are two of the most frequently asked questions sent to us via email. These are the two of the things we address in today's episode. Even though it's the Spring Break episode, it didn't feel right to leave you hanging without a show. So, we do some listener Q & A. After that I pose a few questions to the investor community ...

115: Distressed Pro & Brecht Palombo

Distressed Pro is software many in the real estate investing world use. So, today Robby and Chase sit down with the creator Brecht Palombo to talk about Distressed Pro, the state of the industry, and where he thinks the market is headed. The guys jump into this show addressing Robby traveling out to New Orleans. The last time Robby has to 'phone in' a show he was driving 75 mph down Cajon Pass - between Vegas and LA. With very little fanfare, mostly due to their ubiquity in the industry,...

114: Selling a Las Vegas Condo, a Haitian Orphanage & Giving Back

Robby is selling a Las Vegas condo he's had since he got into the business. We polled the community, and you sent over your feedback. It was a bittersweet moment when he realized that selling was the right move. Along with that, we also discuss Robb'y trip to Haiti and giving back. While the gentlemen are both back from some culture heavy events, they waste no time jumping back into the swing of things. Chase starts out by referencing an episode from about 20 shows back where they polled...

The Science of Getting Rich: Acting in a Certain Way & Efficient Action

Hey guys, We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video. But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I d...

113: Aweber Email Template, Oklahoma CFD and Deal Flow Issues

After discussing some Oklahoma CFD updates, Chase dives in on improving your Aweber email template, as well as Mailchimp. After that he talks briefly about the deal flow issues people are experiencing in the note investing industry. On today’s episode, Chase is flying solo as Robert is down in Haiti for a charity project called Children First. We’ll have more to report on that when Robert returns for next week’s show. Starting out with the CFD, it was a really good deal and a lot of the ...

112: Challenging Tax Value In Chicago

Before jumping in on a challenging tax value in Chicago, Chase discusses his recent marketing event that he hosted and his respect for high energy individuals such as Tony Robbins and teachers that are able to teach others day in and day out. Meanwhile in Orlando, Robert’s 2017 theme of organization is still going strong and he notes that he still has much to accomplish. He also mentions that he’s been doing some more research into Facebook advertising as he has another asset that he wants...

The Science of Getting Rich: How To Use The Will, Further Use Of The Will

Hey guys, We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video. But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I d...

111: Out of State Rehabs, Digging Deep Closing Technique & Real Estate Drone Footage

This week we discuss out of state rehabs, have a discussion on goals, fat taxes & a situation in Cook County, Chicago. Robby received a letter from a borrower in the mail about a tax situation where somehow taxes on one of his assets were not paid. So, he had to think outside the box and work with his attorney’s to get them paid within 24 hours. They then segue into a situation up in Cleveland & Canton, Ohio where Robby signed off on the closing documents for a nightmare property. While he...

110: Meta Learning, Florida Foreclosure & The FAT Tax

  First off, Chase wants everyone to join us in wishing Robert a belated Happy Birthday as he celebrated yet another wonderful year on this earth this past week! To kick things off from there, Robby and Chase discuss a recent Facebook challenge that Robby has taken on with a friend of his, Eric Harding. The challenge involves being more in tune with your health, proper alcohol intake & a “fat tax.” The rules dictate that everyone will be their accountability partners so to speak and any...

The Science of Getting Rich: Gratitude, Thinking In A Certain Way

Hey guys, We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video. But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I d...

109: Oklahoma CFD & Property Management To Avoid

Robby and Chase are both freshly back from recent trips and have finally decompressed from some packed schedules. After thanking listeners from their past weekends, they dive into a few great books they recently finished as well as what Chase is currently reading, which happens to be a re-read, 4 Hour Chef and a daily dose of The Tools of Titans. Next up, they start discussing an Oklahoma CFD deal Chase just funded. He explains that it looks like the borrower has actually completed some ca...

The Science of Getting Rich: Increasing Life, How Riches Come To You

Hey guys, We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video. But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I d...

108: High Priced Mortgage Loans

Today the fellas let a guest break down the nuances of high priced mortgage loans, and more. Robby & Chase kick things off by discussing how Robert started a relationship with his new accountant and ways to set expectations on both ends to ensure a positive & proactive business relationship. Also, as a friendly reminder, if you shared the show, be sure to check your email as Chase is still waiting on a few addresses to email out copies of Tim Ferriss’ book titled Tools of Titans. After t...

The Science of Getting Rich: Is Opportunity Monopolized, The First Principle

Hey guys, We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video. But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I d...

107: Analytical Engineer to Real Estate Investor, Multiple Family to Notes

On today’s episode, Robby and Chase interview a guy that went from analytical engineer to real estate investor. They are fortunate to have a guest on the show with a wealth of experience in multi-family and single family investing. His name is Adam Adams with AJA Investments. They get started by letting Adam talk about how his ROI analysis software which evolved over time to allow for more efficient analysis of potential note deals. They go on to discuss how the overall effects of this on ...

The Science of Getting Rich, The Preface

Hey guys, We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video. But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I d...

106: We're Hiring a VA Because of You

Today the guys discuss an effective strategy for hiring a VA, a marketing event happening in February, contract for deeds, and more. First off, a reminder to all, remember to share the content from a past episode, tag the Note MBA Facebook business page, and subscribe to the NoteMBA podcast to get a free copy of the book by Tim Ferriss titled, “Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers.” They then dive into the trials and tribulat...

105: Important Real Estate Rehab Lessons, Goal Review & Book Giveaway

Robby & Chase are back and fresh off some recent travels where they were both reminded of goal setting & episode 96 that showcased Earl Nightingale’s “the Strangest Secret.” However on this episode, they wanted to talk about 2 particular items regarding deals. Robert starts out by discussing a situation in Ohio where they have one contractor working on multiple full renovation projects. Robert started the relationship off a referral from someone he has a great relationship and extreme tr...