Note Mba

The biggest shift over the past year for our business growth has been a mindset shift. We’re bringing you and interview with Robby’s very own life and business coach Michelle Humphrey. Michelle has spent the past 16 years as a leading expert in business growth and development for conscience business owners. To connect directly with her you can check out her website at www.MichelleHumphrey.com. Our show today is going to get you to bring some attention to those “blocks” that have been holding you back in your business. We wanted to highlight a guest that can shine some light on the importance of having a clear mental game as you work to grow your business to the next level. Your willingness to create your own shift is the leading step Michelle has identified in creating your own future. “When the student is ready, the teacher appears.” The next phase leads to being clear on what it is you want to create for yourself. “Begin with the end in mind.” Throughout the show we develop on these ideas and the importance

This week Chase talks about marketing your business in today's market. He's flying solo without Robby, who is off taking care of some last minute business items before heading off to PaperSource in Vegas. In recent conversations, people have been confused about using new platforms to market their real estate business. Though, much of the confusion has revolved around the philosophy of using the platforms, not just the tactics around them. Chase quotes Gary Vaynerchuk, a thought leader in the marketing space, about being romantic about how you make your money is the fastest way to go out of business. Adapting to the changes in how to market your business is important. After that, he dives in on 3 marketing tactics people might be getting wrong. The first is that you don't really need to be blogging every day. Second, the write it and they will come strategy, is a total waste of time. Lastly, size doesn't matter. The length of your video, articles, etc. isn't as important as the existence of the marketing piece

This week we are bringing you an interview with title report expert Alex Goldovsky, the CEO of ProTitleUSA. He has been in the title search business for over 15 years and works with some of the biggest names in the industry in an effort to meet the needs of the current market. Alex has a master’s degree in engineering, which has helped in the development of the automated processes that have made ProTitle so successful. Following the sell-off of his real estate portfolio in 2007 before the crash Alex was put together with a group of individuals with comparable skills and the group put together what is now ProTitle, allowing him to leave a 15-year career in technology. The timing of Alex’ selloff was more in line with the nature of the properties he owned; dealing with the troubles of land lording over drug dealers in low-income properties added up to enough of a mental headache and physical threat now that he was a father to keep going in this segment of the marketplace. About fourteen minutes in we get to som

This week we have a great interview with Bill Mencarow of the Paper Source Journal and the Paper Source Seminar. Bill has had an amazing history that we would love for you to hear about from politic during the Reagan administration to investing in real estate in a market with interest rates over 17%. Bill’s start in the early 80s focused around the simplicity of notes securing single-family homes. Since then Bill has educated himself into the focus of cash flows from a wide variety of assets including commercial property, retail property, cell tower leases, airplanes, and farmland. Bill runs though a list of the 12 things you can do with a note… this is from an article that was written as part of the Paper Source Journal in the recent months. {The variety of exit strategies create one of the most valued qualities of a note investment. One great thing that Robby wanted to highlight during the conversation is the diverse array of real estate based holdings that Bill is invested in. As we all grow our portfolios

Today we interview an investor that has spent a lifetime in real estate. We’re talking with Kimberley Banks Fawcett of Inspired Capital Group, LLC from just outside of Dallas, TX. Kimberly was born into the real estate business. Her first roles were on the operations side, she eventually started her own real estate firm. Her first real estate investment was a condo purchased shortly after finishing up college. The extra rooms were rented out to friends, allowing Kimberly to house hack her way through three years of rent-free living while paying down her mortgage. While holding a wide variety of real estate investments in her portfolio she is currently focused on residential first and second lien mortgages. First lien notes are her bread and butter, and she dipped her toe into seconds because it allows her to get smaller investments into a much nicer underlying property. Plus with seconds, she feels she has a larger variety of exits than with a 1st position lien. When reviewing deals she isn’t so much concerne

We are keeping things rolling this week with an interview courtesy of Aaron Scott Young. Though Aaron wears many hats in the variety businesses he runs, he was first introduced to us as the CEO of Laughlin Associates, Inc. Laughlin is currently in their 45th year of providing a variety of incorporation services for your entity from creation to management to support as your business grows. Robby has been using Laughlin since he started NexGen Coastal Investments, LLC and continues to use them for the new companies he has formed in the past few years. He is just one of over 46,000 clients they are currently working with. Our interview with Aaron was more of a high-level business and life focused interview than getting into the intricacies of note investing. One of the great early takeaways from this interview was about the development of systems to actually create a business instead of a “job.” Some of the advice that was passed down to Aaron by a very successful businessman are as follows: Live within your me

This week we are doing an Investor Spotlight with Gabe Kass, an investor out of Huntington Beach, California. Just within the last 6 months, Gabe has left his full-time job working as an analyst on some very large bond portfolios to focus on his note investing/real estate business. He’s currently managing a portfolio of over 25 notes and has recently picked up a handful of REO properties. He owns a mix of 1st lien and 2nd lien position loans. Gabe also has a background in managing a portfolio of hard money loans for his family members. One of Robby’s biggest takeaways from the call was Gabe’s digging into social media background of delinquent borrowers when evaluating potential note purchases. Beyond that Gabe shares a great resource for getting drive-bys on properties. For $35 you will get a report on the condition and neighborhood. You need to get a few minutes into the show to find out about this great nugget of information. (www.nvms.com) We span the note business, from evaluating notes to how conversatio

Winterize your investment property, isn't a thought that crossed the minds of Chase or Robby in 2015. We’re getting back into bringing you some great interviews from vendors that we’re actually using within our businesses. Today we’re bringing you an interview with Zach Bassett from Property Masters. Robby has been using them since a Joint Investor suggested that he winterize a property in South Carolina. In full disclosure he hadn’t even thought about it winterizing properties while he was sitting down in the Florida heat with his A/C running in mid-December. We’ve been very happy with the work Property Masters has done thus far and want you guys to find out a bit more by listening to this week’s episode. Property Masters is a full service turnkey General Contractor that provides a broad range of property-improvement services throughout the Eastern United States. They have been in business over 15 years with a commitment to providing a high level of quality repairs and superior customer service. Property Mas

Alright, we're going to try something a little different with this week's show note. We decided to try a bit of outsourcing for a complete transcript of the show notes. We're well aware they're rough in some areas, and we will try to fix that going forward. However, we'd love some feedback about whether these full transcript style show notes are better for you. So, leave a comment down below if you want to weigh in on the full transcript versus regular show notes. Without further ado: Chase: Hey everybody! Welcome to the NoteMBA podcast, your home for note investing on iTunes. I'm Chase Thompson. This is episode 66 and I'm joined as always, by Robert Woods  - except for when we do an interview and it's only one of us and not the other, but that isn't today. We do have some sweet interviews lined up for you guys over the next couple of weeks. We are getting pretty pumped about that. We are getting those recorded, underway and edited for you guys. We are very excited about that. Mr. Woods, how are you sir? Robb

As investors, we need to be good at math. Valedictorian math levels aren’t necessary. We're talking about basic math skills. Now let’s take a trip back to a 3rd grade math class. Trust us it’ll improve your productivity, maybe even your life. Here goes, what is zero time ten? What about, zero times 100? Hell, what’s zero time a billion? Zero, of course! Now, that we’ve all passed today’s Pop Quiz, here’s the point. In a great video by Jennifer Aaker, we’re introduced to the idea of time multipliers. The Stanford Graduate School of Business professor offers up a thesis on rethinking time. In the video she explains the concept of creating goal multipliers to achieve more in your life and business - highly recommend you check out the video. But what does that have to do with 3rd grade math? Everything! While everyone is trying to get more out of their day, most of us are wasting time multiplying by zero. Every time you say “Yes” to a project or deal or meeting you know you shouldn’t, you’ve just multiplied by ze

The kick off of content hits on the finalization of our seller financed deal in Marshall, TX. Our biggest piece of advice is to make sure if you’re going to go down this path to seek the assistance of an attorney. We did not have experience in this arena prior to this property so the money invested in seeking help from an attorney turned out to be invaluable. Keep yourself protected from Dodd-Frank or any local regulations you may not be aware exist. In the continuation of our reading segments, Robby touches on Mediations by Marcus Aurelius. This book has come as a challenging read, but we have learned that this is a book that seems to show up consistently on the reading lists of many of the successful individual we follow on a regular basis. This book wasn’t created with the intention of being released as a book, especially one that still be consumed by individuals considering it was written in 167 A.C.E. Moving onto some note content that is marketing based we wanted to talk briefly about the recent Realty

Robby is issuing an official apology, not required by Chase because today’s show has no intro, so if this week is your first week listening to the Note MBA Podcast, please forgive him! After a long day of travel up to Atlanta our show this week takes on more of a rant than adding any specific note investing value; unless you consider the importance of showing up, taking action, and playing nice along the way valuable. First stop in Atlanta was the College Park fire condo that has yet to be repaired. If you recall from our past episodes that the fire took place in October while Robby was traveling in Costa Rica, you won’t have too much trouble understanding why he’s upset the repairs haven’t been completed yet. The story he tells does run on a bit, but ends with a tidbit about knowing when to drop things from your life that don’t have value. As time goes on it seems that this property is providing less and less value due to an uncooperative HOA board. To be continued on this one as Robby has sent this off to h

We jump in talking about some books that are currently on the reading list; The Miracle Morning by Hal Elrod got Robby to toss on some gym shoes and go for a run. Chase caught an early morning Periscope session by Jarrod Glandt this morning where he was speaking on how he starts his day with speed and urgency. Chase brings up an awesome story from one of his favorite people, Derek Sivers. The story is about the importance of relaxing to get the same results. Into deal talk, Robby has one of his foreclosure sales get canceled due to the borrower filing a Chapter 13 Bankruptcy the morning of the sale. He talks about the additional costs, hearings, the process of handling the deal. Moving to South Carolina Robby takes us through some back of the napkin math on a JV asset and how he is going to pick the bid amount for the foreclosure sale. Looking at the potential extended hold time by taking the property back as an REO and the additional capital needed to increase the sales price of the property. Chase did a gre

We’re jumping in quick following a fun recap of the weekend Chase and Robby had. Robby spent the better part of his week in a seminar on buying multifamily properties. We’re lining up for a big week of birthday celebrations as Chase’s (soon to be) middle daughter, Violet, and Robby are celebrating next week. Everyone should be celebrating the birthday homework Robby gave Chase; he is supposed to set up a new CESA plan (Google it if you don’t know) with Tyler Carter from NuView IRA.We’ve got a few questions regarding dropping a 529 plan into a CESA, so there will be some updated coming in the future to answer those questions. We thought it was important to mention given how many people don’t know you can invest in real estate via college saving plans. From there they jump right in on deal talk. The first one up is a seller finance opportunity in Marshal, TX. We’ve deftly avoided Dodd-Frank issues, thank you to the listeners for sending in emails regarding that. After going over the numbers, and the deal in Tex

We open up with some news from Chase about a fantastic addition to the show you will be hearing more about later this year. Robby is back from a snowy trip up to NYC where he had the opportunity to catch up with a fellow note investor along with getting a good dose of entertainment. He is still getting over the sticker shock of his big kid trips and realizing a lot of his pain points come from not embracing an abundance mentality. We hit on some updates regarding property Robby didn’t have insurance on that caught on fire due to a unit below. The insurance company for the HOA has issued a check and the repairs are to be underway in the next week. (See Episode 48) Robby’s having a small headache via a note broker in Atlanta which comes down to the quality of the people you’re working with and do they have referrals they can provide you? Chase hits on the value of a loaded pipeline as we realize we have four foreclosure sales coming up in the next four weeks. Some big things to focus on as your pipeline fills u

We kick things off going over an article that Robby received a link to from another note buyer. The article it titled: Selling HUD’s Non Performing Loans: A Win-Win for Borrowers, Investors, and HUD Over the weekend we got to spend some time hanging out together during the Dallas REI Expo. It was also a great opportunity to meet with some new investors and new vendors as well as catch up with old friends in the industry. Its hard to put a value on getting out of your market and meeting with other investors that are like minded in a space that is designed to expand the businesses and lives of everyone involved. Chase hits on his big takeaways, which happen to hit home to our business of being able to spend more time in the same room working on projects. There is a nice little place in Marshall, TX that we are trying to sell right now and we had one heck of a time with the original real estate agent we were working with. After the decision to pivot and engage a new realtor we have had a night and day experience

It has been another busy week so we are coming at you with a somewhat shorter show than normal. We start off going over the movie The Big Short. I don’t know what you’re waiting for if you’re in the note business and you haven’t taken the couple hours to get out of the house to see it. If you don’t get Chase’s Jenga reference about the collapse of the mortgage industry then you really need to get out and see it. We talk about having collateral files sent to you. Robby just bought a handful of new notes and had the files shipped to him to review instead of to his document storage company Richmond Monroe Group. Robby has seen more than his fair share of files and these ones are consolidated in a market that he is directly sending to his attorneys to begin foreclosing on the properties. Robby touches on doing some of your own borrower out reach versus having an outside company reach out to the borrowers for you. He’s finding the value of getting on the ground and knocking on the doors of the borrowers versus pas

We’re diving back in on our goals for 2016, but to be honest, we’re not diving deep. We’re cruising along the surface and getting the process rolling. Which is what we want you to be doing along with us. Let’s call it the bare minimum of progress that we should accept of each other at this level. Remember, just because of the fact Billy down the road hasn’t written his goals doesn’t mean you should be skating by without writing down your own goals. Don’t be like Billy!!! Vague goals that are written down are what we like to call a good start. From there let’s take the time to put them into categories based on different focal points of our lives. Next we are really going to think about if these are SMART goals.   Once they get SMART it might be time to really break down the processes that each one is going to require to get you to accomplish the overall goal, or get in the habit of creating small habitual behaviors that will get you to that goal. With these thought out goals in place its time to find an accoun

Welcome to our last episode of 2015. It’s been a great ride, and as we’ve said before “we couldn’t have done it without you.” Thanks for listening! Recapping three straight weeks in a row of interviews we want you to go take action on the various offers/giveaways all three of our most recent guests have kindly extended out to our tribe of Note MBA listeners. Eddie Speed, Dave Van Horn, and Daren Blomquist offered up some great stuff and we really hope you’re taking action on these offers. Jumping into some content for this week Chase has Robby review two unique items Robby has been working on recently. We start with a recent deficiency judgment in Florida and the value of seeking them within your note business. It’s not just about the judgment, its making great content for our podcast as well. Robby also visits the recent court case where he was successful seeking the Assignment of Rents under a 1-4 condominium rider on a property in Orlando. We got a heads up on the movie “The Big Short.” It was already on o

This week we are coming at you with another great interview from a well-respected industry expert, Daren Blomquist is a Vice President at RealtyTrac. He’s been featured outlets like the New York Times, the Wall Street Journal, and NBC. RealtyTrac is a leading provider of comprehensive US housing and property data. We first met Daren out at Note Expo in Dallas and wanted to get him in front of our audience to provide some of the same high level content we were exposed to during his time on stage. Daren starts us off with a look at issues from the impact of the Fed rate increases, to current level of foreclosure starts, and where the market has come from over the past three years. If we stop to take a look at some market trends around the country we’re seeing more and more markets that are reaching new all time highs; though the nationwide average is still about 9% lower than peak of the market. Moving into housing affordability Daren looks at some current debt to income ratios when qualifying for a loan compar