Note Mba

If you've wondered about making the transition from flipping homes into note investing, today's episode is for you! Since Robby is unable to find a decent internet connection while on vacation in Spain, Chase is joined this week by Bob Malecki. Bob is a professional investor who has been active since 2006 and specializes in the repositioning of stressed mortgage debt for both equity and cashflow. He has currently raised over 11 million dollars through his company, Resolution Capital Management, to build up a substantial portfolio with assets in locations including, but not limited to, North Carolina, Tennessee, Oklahoma, Texas & the Seattle area to name a few. Bob went the traditional route of investing through buying rentals & flipping homes before he discovered note investing through a combination of Eddie Speed and his real estate agent who was also an investor. Bob ended up buying his first note (out of his self-directed IRA) on a mobile home where he realized a 42% annualized return on his invest

This week we dive deep into loss mitigation, capital raising, relationship building and more. On this week’s episode, while Robby is off on vacation in Spain, Chase has a great interview with an experienced note investor named Jay Tenenbaum who is also the Managing Director at Prosperity Investment Fund. Jay will actually be presenting at the IMN conference coming up on September 22nd and 23rd as well. He will be featured in a panel entitled “Getting a non-performer to re-perform in this low rate environment; work out modification & rehabilitation strategies.” Jay used to be a practicing debt collection attorney for 20 years in Southern California. After closing the law practice, he started investing in judgment liens with a focus on real property. He  then attended Scott Carson’s Note Buying for Dummies Workshop in August of 2013 which opened his eyes to this different debt instrument which ended up being an easy transition for him based on his past experience. His company has now bought 198 assets with

On this week’s episode, we highlight Chase’s educational & inspirational talk at the recent Note Camp which covers his content creation process as well as a bevy of resources he utilizes for his Note business. Tune in to learn directly from Chase about: Where he goes What he does & How he gets it done! Here’s the rundown on some of the different tools, websites & apps that Chase uses on a daily & weekly basis: Flipboard - Amazing social news app & site for personalizing, aggregating & curating content you choose from various sources. Medium - Fantastic website for written content. Medium is essentially a community of readers and writers offering unique perspectives on ideas large and small. LinkedIn Pulse - LinkedIn’s own personal version of Medium / Flipboard for business professional’s looking at current and worldly topics. BiggerPockets - The largest online social network community / marketplace for real estate investors. There are also a plethora of tools and educational resource

Today they guys talk about Peak servicing, pruning in your business, branding, and finding trusted vendors. The first topic Robby and Chase discuss this week centers around an idea Robby got from a podcast by a New York Times & USA Today bestseller named Michael Hyatt. The topic focuses on scaling too quickly and cutting back the waste to optimize your business. Speaking of pruning, Chase is reminded by Robby about a servicer he will no longer be using for his loans called Peak Servicing. Chase got a loan that he thought would be great to try them out with, which he did, but fast forward to today and they are no longer in business which Chase had to hear through the grape vine. Luckily, they are working with another servicer to help take on the loans they did have and Chase shouldn’t lose too much time in the potential nightmare of switching loan servicer’s midway through your deals. While on the topic of getting lucky, Robby talks about a JV note deal where it doesn’t look like they’re going to make any

This week, we talk about Nevada no longer being a super lien state, new housing legislation, scaling your business, and more. Robby gets things started by going over a quote he got to clean the trash out of an asset in Louisville. It was an exorbitant $1,400. Not excited about that bill, Robby called the local College Hunks Hauling Junk and they offered to do it for $600. A nice easy win there just by taking a few extra minutes to get another quote. They also discuss Robby's recent spur of the moment trip to Atlanta to capitalize on the opportunity of 3 assets there. They then transition quickly into their thoughts on Nevada no longer being a super lien state and the future implications of that. It seems as though Ohio is passing more legislation in the wake of housing blight. They now have the D.O.L.L.A.R. Deed program which is something to the effect of people being able to petition their mortgage company for a modification. Essentially, it will give more power to borrowers who are looking to stay in their

The politically correct way to say it is overcoming business obstacles. For a more accurate description, listen to the first 2 minutes of this week's show. Although it’s been a rough few days, Robby and Chase are excited about certain aspects of the business. While they were supposed to do an interview today with the VP of National Sales for Valuation Vision and were ready to go this morning, the salesperson ended up rescheduling. She had an all-hands sales meeting. During this sales meeting, she found out that they'll no longer be servicing clients that need under 100 orders a month. Seeing that most of the great Note MBA community falls under that threshold, it seemed no longer helpful to have her on the show. because of some of her business conflicts which This was the tip of the iceberg, on what had been many terrible, no good, very bad days. Though true to form, it didn't take for Robby and Chase to spins this into a lesson for others in the business. They go on to discuss speed bumps in the road and how

On this week’s episode, Robby and Chase discuss mastermind takeaways from Scott Carson’s recent Mastermind group weekend, creating and documenting systems to help scale your business, and they also answer a few questions sent in from the listeners. Robby starts off by going over his key takeaways from the Mastermind group he recently met with. These include: You are the sum of the people that you spend the most time with Robby learned that he’s not a manager and it’s a skill set he needs to put more time toward A surprise book that he thinks will be one of the top 5 action oriented pieces of content that he will have read this year. The book led Robby to reaffirm a reoccurring thought he had from a few months ago about scaling his business. Between the spec home he is building, the apartment building that he is fixing/stabilizing, a fix and flip deal, the note portfolio, the NoteMBA podcast, and his desire to search for other larger commercial deals. He realized there was just so much going on and in order

On this episode, Robby and Chase talk about the progress they've made on this year's goals. They debate the virtue of changing a goal you're not meeting, how to think about missed goals as opportunities, and how their mutual accountability is keeping them on track.  Get full show notes and more information here: The Mid-Year Goals Episode

This week, Robby and Chase discuss settling various deals and the biggest takeaways they walked away with. They also dive into the importance of developing systems for your business, as well as outsourcing, delegating, and what you can expect on the next episode about goal setting.  Get full show notes and more information here: http://www.notemba.com/settling-deals-power-of-delegating-developing-systems

Robby shares his recent experience with handling a failed rent increase by his property manager and talks about the importance of standing your ground when someone makes mistakes that financially impact you. He also talks about a recent joint venture deal with an interesting twist. The property had a buyer’s contingency on selling a primary residence which caused them to repeatedly push back closing date. Robby then shares his biggest takeaways from that experience and how he will handle similar situations in the future. Get full show notes and more information here: https://bitly.com/

This week, we’re featuring a great interview with Chris Smith, a USA Today best-selling author and co-founder of Curaytor, a social media, digital marketing and sales coaching company. Chris is an incredible wealth of knowledge when it comes to marketing real estate businesses, and he joins the show to share his insights on the topic. Get full show notes and more information here: http://bit.ly/29xtotE

Fresh off the July 4th holiday weekend, Robby and Chase tackle a few topics Ohio Fast Track Passes, including updates on the multi-family deal in Chicago, lessons learned from recent deals, and some great interviews for upcoming episodes. To start things off, Robby talks about how he finally got a solid property manager lined up for the apartment complex in Chicago. He’s starting to renovate units and evict tenants through cash for keys and other methods, when he ponders whether there is a document tenants can sign so you don’t have to go through eviction through the court system? With an eviction, you get the judgment and possession order from the court and the sheriff enforces it. Robby would like to potentially sidestep this by getting the tenant to sign a possession order themselves that you could take to the sheriff to enforce without having to go through the court. Is this something that they could create or has been created? Sounds like a great opportunity to learn something new. However, once again, R

On this week’s episode, Robby and Chase discuss a couple case studies coming down the pipe that they’re creating, a note deal in Gary, Indiana where Robby has to make a difficult decision, and the importance of continuing education & specifically, financial education. They get started out by discussing the fix & flip deal in Winter Park, Fl that will be coming to a close soon and all of the great video content that will be coming for a full case study they are planning to create. Robby mentions there were a lot of great opportunities on it and goes over the rough numbers as well as the negotiations with the buyer that led to a happy conclusion for him. The 2nd part of the conversation segues into learning opportunities, education and a deal in Gary, Indiana. The asset acquired on this deal was a non-performing note they purchased where the value is right around $50,000. Robby bought it in May of 2014 for a little under $8,000. However, there have been delays with the foreclosure, a bankruptcy got stal

It's critical to never lose sight on the importance of due diligence. Chase and Robby are coming to you this week with a bit of a different show as Robby takes a spur of the moment due diligence field trip out to Cleveland, Ohio. Since Robby is recording out of his rental car, the audio is a little shaky, but you’ll get a first hand peak at Robby doing some live due diligence! They got a new tape and instead of analyzing it at home, Robby decided to take a quick trip up there to do the due diligence on these 5 assets in person. They stress the need to focus on your strengths within your business whether it be due diligence, analyzing deals, or marketing and raising money as you’ll be much more effective in the long run this way. It just so happens to be a great time now for this because Robby reminded himself just yesterday about the importance of due diligence as he was working on a deal and negotiating the pricing of an asset they were about to purchase when it took an interesting turn. Robby did an email s

In this week’s episode, Robby and Chase segue beautifully through a number of topics ranging from dealing with Ohio fast tracks foreclosures and Chicago foreclosure nightmares to contemplating what they can apply to their own businesses from billion dollar companies such as Netflix & Zappos, who have created & maintained amazing company cultures centered around freedom, excellence & paying your great employees what they’re worth. Things get started discussing some assets up in Chicago and Ohio that have been going through the foreclosure process for a while now and have been tied up in a court nightmare in Cook County. However, Chase brings to light that there is a Fast Tracks Foreclosure bill that is running through Ohio legislation right now that will potentially speed up the process to as little as 6 months so there is light at the end of the tunnel. The State Government seems to finally be concerned about these blighted properties and their effect on increasing crime rates and decreasing prope

Instead of the typical midyear goals show, Robby tackles the often forgotten SWOT Analysis on this week's show. Though, you be ready for us to go full throttle midyear goals in a week or two. Chase let Robby wander off on his own this week with a microphone in his empty office with no roadmap for his solo debut. The world smiled at Mr. Woods as he took a phone call from a realtor to kick off the show. Following that Robby decides to spend this week going over the SWOT Analysis that you should be doing on your own company.  He’s giving an inside glimpse to his personal SWOT Analysis that he was taught by his mentor to use in evaluating his business throughout the year. Strengths Weaknesses Opportunities Threats From here we want you to start getting your head in the right place to start reviewing you goals to evaluate your progress thus far in the year. Robby shares a few deep insights to places he doesn’t feel that he is succeeding at so far this year. This reflection gives you the opportunity to truly assess

How can you work full-time while investing in real estate? Today we interview an investor that works 60+ hours a week driving a truck, and is still an active note investor. We’re talking with Gene Chandler of Chandler Financial, LLC from Indiana. Like a few people we've had on the show before, and many of our listeners, Gene got started in real estate investing by house hacking. He started investing in the 80's when interest rates hovered around 10%.  After house hacking his way into numerous rentals and getting to the point of managing 52+ rentals, he and his wife started doing real estate development in the early 2000's. However, like many he took a huge hit from 2007-09. He didn't sit around licking his wounds, though. He sat down and took inventory of the situation. He owned his mistakes. Even after the setbacks he knew real estate was still the best way to get ahead. Gene talks about the biggest mistake that he changed about his business was reserves. He now watches the reserves available at any given ti

We're back where it all began for Note MBA, the top note investing show on iTunes. Robby is in one of his favorite places in Asia, Chiang Mai. While Chase records from his office in San Antonio, Texas. For those that might be new to the show, here's the rundown. Robby and Chase met at Noteworthy in Las Vegas in late 2014. Over the next two months, Note MBA was born. They start off today with Robby talking about the correlations between running your business while you travel, and working a 9-5 to job. The highlights would be setting appropriate expectations and putting systems in place. After that, they dive right into note investing deal talk. First up, having a hedge fund rewind a deal on you. This will happen from time to time. After you've already wired money in the bank or hedge fund, if something isn't right they might rewind a deal, and send your money back. This isn't a common occurrence when note investing, but something to be aware of. There has also been a focus on higher value asset acquisition. We

Today's show is geared towards marketing your real estate business. While Robby flies across the Pacific, Chase flies solo again. In this week's show, we tackle a concept Chase has talked about a few time before, the Content Spider. The Content Spider is a great system you can use to start marketing your business.  It's a fairly simple strategy that you can use to maximize a single piece of content. Along with the podcast recording, Chase also recorded a video for the Note MBA Note Investing YouTube channel. The strategy works by taking a large piece of content like an 800-1000 word blog post or a video, then distributing it uniquely and natively across the web and social media. Here's the rundown. Write a 900-word blog post - 19 Ways Note Investing Will Make You Rich. Using that blog post as a script, record a video on an app like Periscope or with a video camera. Then go to Canva, and make a thumbnail for the video. Upload the thumbnail to YouTube and Facebook, along with the video files. If you used an app

Your hosts are back together for a show of their own this week discussing everything from learning lessons while note investing to a gender reveal to an upcoming working vacation for Mr. Woods. Fresh off some travel to Las Vegas for Paper Source Seminars we have a brief recap of the experience, and want to send another big thank you out to Bill and Allison for inviting Robby out to attend the conference. Though Robby didn’t spend much time in the room listening to the speakers, he was able to engage a new vendor in Financial Forensic Services, LLC. If you network with Robby via social media you might know that he just finished reading a book by Sherman Arnowitz called: The Art of Investing in Distressed Second Mortgages. In regards to learning lessons for this week, Robby discusses the need to have locked in your pricing and terms with a seller before you start spending cash on due diligence. Also, there’s a seller financed note out of Texas that had some very important escrow wording left out that needs to b