We’ve got Robby back in the country from Costa Rica and a show full of tidbits from the last week to keep you all up to date on what’s going on in our world.

We’re still on for heading out to Note Expo in Dallas this week; we’ve received a good number of e-mails and want to thank everyone for reaching out to us in regards to our coaching offer.

Georgia is the word of the day, as we address a small delay and a fire.

Robby was informed of a small fire that occurred in a rental unit he has in Atlanta, GA. He was not able to get any updates from the HOA management company or the VP of the HOA itself.

Robby takes a sidetrack regarding a recent article by Jean Norton on her blog titled “Yes, I made $100,000 Profit on one deal…but…”. Listen in as he gives his perspective on being honest and upfront about the mistakes we make when investing in real estate.

This latest incident with the fire in Georgia is a good addition to the list of small issues, that could have been much larger, but in the end they have helped to add to the standard protocols we are operating our note business under.

As a mental take away, its interesting to us to hear Robby was more upset by not hearing by any of the parties involved with the property, as opposed to the fact he could have lost an entire investment if the property had been completely destroyed.

I went the easy route, its now taken two months longer. More money wasted. Whoops.

 We also discuss an administrative error on the part of our attorney that has resulted in a 14 day delay and pushed a foreclosure back an entire month as a result.

These are the small hiccups that cost us money here and there, but when added up they result to some large losses, but how do you mentally handle these issues when you realize you have little control over them occurring over the long term if you are doing a large volume of business.

Probably the largest take away from this week’s episode should be integrating investor updates into your monthly schedule. We’re leaving notes brief here because its something you need to listen to!

We close out with a conversation regarding deal funding and the delays that will occur when working with a self directed IRA administrator like NuView IRA.

Also, please take a minute to check out our NoteMBA YouTube Channel. If you haven’t already, make sure you subscribe so you won’t miss any updates.

If you want to chime in, have any questions, or comments send them our way at [email protected].

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

Cheers,

Chase & Robby