Note Mba

Today is a sad day if you’re favorite host of the podcast is Robby. He’s off handling some personal business, so today I flew solo. Well, almost. On today’s show we hear from syndication lawyer Jillian Sidoti. I had a sit down interview with her recently, and the recording, though not our best in terms of audio quality, knocked it out of the park for show quality. Jillian starts by covering how she found her way into the business.   She breaks down how she knew who she was, who she wasn’t, and the process that shaped her career. First in knowing she wanted to be a lawyer, but not the stereotypical lawyer. She even dropped out of law school to start a record label. While doing condo conversions in 2004, she started looking for investors. Which quickly led to an education in the do’s and don’ts of bring investors on board. After the market downturn she opened up her own law firm with a focus on helping real estate entrepreneurs put their documents in order allowing them to properly and legally raise capital. T

Coming to you from San Diego, Chase and Robby have met up on the West Coast for a bit of networking, business development, and fun. Starting with a quick recap on a deal that didn’t pan out, but want to highlight the communication that went on between Robby and the selling broker. Communication is key in the industry, as well as transparency. Building on an existing relationship with Joe DeSilva at RSI, the discussion comes down to changes in the marketplace. Remember you vote every day with your dollars. If you aren’t happy with the service, transparency, and communication, know that it is up to others to adapt or die if you stop voting for them with your dollars.  Though the Note Investors Summit was missed, it is certain there will be an appearance at NoteWorthy East coming up April 10-13 at the Hilton Newark at Penn Station. Tickets are available here: NoteWorthy East There will be a live note auction the last day of the event. It is a pretty exciting thing to have deals available in this capacity for inv

Unfortunately we are both playing a bit of catch up from an administrative perspective so we are going to miss out on NIS – Note Investors Summit, out in San Diego this week.  We’re sorry we won't be able to bring back any industry knowledge that I’m sure is being dished out during this event. Robby has officially made his first hire, which is a huge leap forward for his business and for the growth of NexGen Coastal Investments, LLC. With the hopes that this will free up some of his time from administrative tasks and give him the opportunity to teach the business to someone in a one on one environment. Stacey will be starting in two weeks; in the meantime, we are in the process of working out a good title for her position. We're definitely open to suggests. Last week we discussed an asset Robby owns that the borrower filed two consecutive Chapter 13 Bankruptcies on, though the borrower never filed a plan. Over the last week, the property went to auction and Robby’s company will take title to the asset.

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 be

If you've been to a real estate note buying event anywhere in the country you might recognize the name RSI Asset Management.  If you don't you need to pay more attention while you're out networking. And if you're not out networking, you need to take better notes when you listen to the show. Today we recap the past week for Robby and I, then we dive head first into an interview with Bill Bymel, a Founding Partner at RSI Asset Management.  Bill grew up in South Florida the son of a Florida real estate broker, but headed off to Film School at NYU when it came time to look at college. Associate producer of the movie “Highway,” and has some buddies that found huge success in Hollywood.  Creative Exec job following Hollywood, and though it was cushy, he wasn’t the biggest fan of the industry he had chosen to call home. Started into real estate after a return to Florida in 2002, Brokerage license in 2003 and started an REO business with around 20 agents, this was before there was the REO market we know.  Wan

We did a live recording at the Lifestyles Unlimited event in Houston, TX. While we’re here working, make sure you get out and network with other real estate investors in your market. Surround yourself with other people that are investing time in improving their businesses. Chase is putting together an e-mail marketing case study to show you how simple changes to his e-mail template lead to a 500% increase in our click thru rate. This is something for you to look at if your running the marketing for your company on your own and want to see an example of what one of our successful templates looks like. While you’re at it, go check out what Chase is working on over at www.NoteHustle.com. Today’s main focus is on answering questions that we received over the past week. Cody Cox wrote in and asked: What we look for during due diligence when the collateral file is on your desk? How we determine our offer prices when we are looking to purchase assets? One thing we hit on is the importance of having someone like Ri

We want to throw out a quick thank you to our listeners. Your support has put us leaps and bounds ahead of our expectations for such an early stage in our podcast. iTunes treated us to a front row seat by putting us in the top 15 podcasts in their New & Noteworthy sections of Business, Education, and Technology this week. We open the show with a highlight of a recently JV deal Robby completed in Miami with a return greater than expected and a timeframe shorter than expected. Check out the Case Study we have put together for our listeners to see how this deal went down. Chase sits down with Joel Markovitz , VP of Business Development for Land Home Financial Services. Land Home, based out of Southern California is a mortgage service focused on serving the small investor or small hedge fund clients in the distressed asset market. Joel’s origin story begins working on Mods with the big boys like Citi while at M.O.S./NuView. They saw changes in the marketplace and started looking towards the world of servicin

We’re not Gurus, nor do we play ones on this podcast. But listen along as we break down how we break down a “tape.” With the tables turned this week, Chase is coming to you from the road, and Robby is staying put in Florida for a few more weeks. We discuss who we feel our target audience is and want to make it clear that we aren’t trying to become gurus of the note business. We saw a gap in the market where we could share the real nitty gritty of our businesses and that’s what we are here to share.However, you’re expected to learn something along the way and we hope our listeners not only find out content enjoyable, but practical and informative. A run down of how we start evaluating notes when we get a new tape/spreadsheet in. Step one for both Chase and Robby, sort the list by state and get rid of the ones that don’t fit in your top five states. (Don’t afraid to invest away from where you live, get out of your own backyard. To hit the point home, Chase’s first note purchase was in Ohio, a state he’s never e

Happy New Year to all of our listeners! 2015 is upon us and this is the best time of year to review your prior year and see what’s ahead for the next year. “Your system is perfectly optimized for the results you are currently getting." Chase hits on the exponential power that dominos have in continuing a series of events leading to bigger and bigger things, a topic touched upon in the Gary Keller book “The ONE Thing.” You can have amazingly lofty goals, but you need to make sure you’re getting all of your small goals knocked out in order for those lofty goals to become within your reach. Are you setting resolutions or are you setting SMART Goals? What gets measured gets managed. So, what are SMART Goals? Specific Measurable Action Oriented/Attainable Realistic Time Bound We take time in today's show to run through portions of our goals for 2015 covering everything from Robby’s personal goals regarding travel, to Chase’s desire to start consistently having a “date night” with his wife. Chase recommends that

Today we dive in with an update Note Hustle with Chase. He describes a brand brief for new clients to assess where they’ve been, what they’ve been doing to get there, and where they want to be going. Staying consistent is important. He is working on his weekly e-mail that details a year in review focusing on Starts, Stops, and Keeps. One of the important messages in this week's email is: Your systems are perfectly designed to yield the results you’ve gotten. Some additional website progress for Note MBA into a usable site for our listeners. Please let us know what you think about these show notes. Robby fights though a cold to tell you about three physical properties he is handling that all came to him through his note business. He’s removing mold to get a jump start on renovations and using the remediation as a guise for property preservation Dealing with a post foreclosure tenant that has already had 6 months of free rent and doesn’t want to stay or pay A third property that needs a handful of repairs, the

Chase interviews Marc Gold of AHRF (American Home Recovery Fund), NoteWerx and The Shadow Inventory Roadshow during Noteworthy 2014 in Las Vegas, NV. The reason why the note industry needs as much transparency as you can get: “99.9% of the population has no idea that this trillion dollar business exists” Marc Gold.  Ahead for 2015 it is estimated that between 5-8 million loans are still on bank ledgers that will be unloaded, the prices are ticking up making discounts lower for investors across the board.  Marc recommends when you enter into the note business, come with an open mind, and get an education, don’t try to do this on your own, get some help as you enter the business.  Find Marc at: www.note.guruIf you have any questions, comments, or a rich uncle, be sure to send us a message at: ask@notemba.com   -AHRF: American Home Recovery Fund, www.ahrfund.com -NoteWerx, www.notewerx.com -Shadow Inventory Roadshow, www.shadowinventoryroadshow.com

Follow along as we briefly touch on three simultaneous timelines occurring on a Florida note Robby is working: 1) Evicting a former tenant via an unlawful detainer due to adverse possession 2) Purchasing title from an HOA post foreclosure 3) Dealing with a 2nd lien filed 1st in time. When you’re having trouble making contact with an occupant, try using a vacancy sticker to get the occupant to reach out to you.  This is a technique Robby implemented by having another member of his Tribe post on the property for him.  Realize that when you’re new to the note business all these “issues” are part of the 10,000 hours you need to put in to become an expert at something, and that when these “issues” cost you money you need to chalk it up as “Life Tuition.”  Changing how you evaluate note purchases as you see more scenarios and realizing there is an abundance of inventory in the marketplace and to be as conservative as you need to be.   We slightly digress around 18:45 regarding Fiverr.com, but keep listening; there

This week Chase and Rob discuss the importance of goal setting and staying focused on those goals.  Learn from Robby’s bike crash in Northern Thailand that it is more about how you get up and keep going after losing focus than about the obstacles in your path.  A few great tips to be gained from a Deed in Lieu of Foreclosure deal that Robby had in Kansas City.  Side note – Don’t hesitate to send your mother, brother, aunt, uncle, cousin, ex, mother-in-law out to hustle for you.  Ask for help from your Tribe, you know people everywhere, use your resources.  This is part of what allows Chase and Robby to invest outside of their own backyard.  Lastly, a focus on maintaining the security of any Joint Venture funding that comes your way.  Investors want a great return, but more importantly, they want their original investment returned.  Join us next week as we dive into Note Inception on an asset Robby purchased in Orlando, FL and Chase gives us a quick introduction to Note Hustle. If you have any questions, comme

The inaugural episode of Note MBA will introduce you to the hosts Chase Thompson and Robert Woods.  Note MBA was created with the goal to show people how to start, grow, and understand the business of note investing from an organic grassroots point of view.  Robert has spent the last month living in Chiang Mai, Thailand managing his note business while working along side of large group of location independent entrepreneurs.  At the same time Chase works on expanding his note business and developing his marketing company on the opposite side of the world from his home in Texas. Find out how Chase and Robby got started in the note business, and where they are headed next year.  If you have any questions, comments, or a rich uncle, be sure to send us a message at: ask@notemba.com   -An introduction to the defaulted note business from a borrower’s prospective -Downsizing and how it fueled Chase’s entrance into the note business -Running a location independent note business -From $0 to $1,000,000 in less than a ye