Note Mba
016: Fear, 2nds & JV Note Investing Strategy
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:28:37
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Sinopse
Coming to you from San Antonio, TX this week. We have discovered that bagels in Texas are the same size as the national average, so not everything is bigger in Texas. Chase has resolved the account issue with his servicer, FCI. While sorting out the issues he took the opportunity to escalate his loan to Full-collection Specialty Servicing. The real nugget here has to do with the fact Chase was distracted by life over the past two months, which led to a lack of focus on the note while it became non-performing. Additionally, he never reached out to the borrower based on fear. One of our favorite authors, Steven Pressfield, calls this The Resistance. “Fear is good. Like self-doubt, fear is an indicator. Fear tells us what we have to do. Remember our rule of thumb: The more scared we are of a work or calling, the more sure we can be that we have to do it. Resistance is experienced as fear; the degree of fear equates to the strength of Resistance. Therefore the more fear we feel about a specific enterprise, the m