011: Rhythmic Disruption & Borrower Negotiations

Chase is getting back to work after having a new baby and keeping things organized at home as his wife recovers. We’ve decided to call it “Rhythmic Disruption.”

It is when something happens, planned or unplanned, that throws off your routine, that rhythm of life that helps keep things flowing. Chase admits that he was thrown off pretty bad by his most recent rhythmic disruption.

As a result of an honest evaluation of what threw him off, Chase knows that he needs to improve his systems and work on his organization so that the next time things continue with much more ease.

Have you taken some time to look at the systems you have in place to keep your note business going if you encounter a rhythmic disruption?

Robby is getting ready to expand by hiring an assistant to help him run his businesses. He’s going through the mental shift of sacrificing a portion of his income to acquire the assistant, but knows the addition will easily pay for itself in three to four months.

Getting advice on whom to hire has been quite interesting as well. Many of his peers have advised him to stay away from hiring friends and family, while everyone has an opinion on how much you should pay and how you should structure their workweek.

Robby has decided that kind of like notes, there is not only one correct answer and you just need to dive in and make adjustments as you go.

Books we’re readying: 

Robby just finished up The Motivation Manifesto by Brendon Burchard. This book as been a good motivator for the continued momentum that he set his goals for 2015 coming out of a successful 2014.

Chase just finished up The Flinch by Julien Smith. We go into a discussion about a boxing analogy. The book is pretty cheap on Kindle, so pick up a copy and share your thoughts with us. Chase is currently reading The Age of Context by Robert Scoble & Shel Isreal.

Robby rants a bit about credibility and hits on a quote by Warren Buffet: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that , you’ll do things differently.”

We wrap up this weeks episode on a dilemma Robby is facing on negotiating with a borrower that is soon the be foreclosed on regarding appliances he is planning on removing from the property, and filing a deficiency judgment against the borrower for the extra expenses incurred by his bad faith chapter 13 bankruptcy filings. Check in next week to see how things go down.

Lastly, Robby put two bids in on 2nd position liens, so we might be expanding our content base into 2nd position liens in the very near future.

As always send you questions to [email protected].

Listen to this week’s show and learn: Rhythmic Disruption And What It Means In Your Business The Importance Of Systems Within Your Real Estate Investing Business Tips On Hiring Your First Employee, You Right Hand Person What We're Reading Now To Stay On Top Of Our Game Borrower Negotiation After Multiple Bankruptcy Filings The Growing Market Of 2nds In Note Investing  Listening Options: Subscribe via iTunes. Listen on Stitcher Radio. Right-click and “save file as” for direct download. Or click here to get sent to the top of the page where the on-site player is.

Thanks for listening to our show! We’ll be back next Wednesday morning.

Cheers,

Chase & Robby