Note MBA

060: Assignment Of Rents & A New Addition To The Team


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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 up is getting your bids in to make the most sense for your investment needs and/or the needs of your investors.

This leads to discussing the need for some standard operating procedures to send your attorneys when you’re working with them for the first time outlining what you would be willing to do for the specific loans you have them working on.

Funding with JV money can be tricky; Robby tells a quick story about a funding hiccup he just had, but thankfully he didn’t need the funding to close the deal. Listen in to hear about how this has impacted others in the business when they can’t fund the deal in advance.

We do a run down of the numbers so far regarding the Assignment of Rents on a note Robby is holding down in Orlando. He goes over the value taken out of the experience and when he would take the time and energy to seek an Assignment of Rents in the future.

Chase goes over a great opportunity he had to speak at an event hosted by Quest IRA out in Austin earlier this week. Going in with the goal of being the best keynote speaker they were going to see all year, Chase hit on the need to leave humility at the door for this event and killing it.

The event was live streamed via our Note MBA YouTube Channel, which you should be subscribed to if you’re not already. In the coming days that video is going to be edited up and made available on that very same page. If your marketing game could use some work we HIGHLY suggest you take the time to check this video out when it becomes available.

If you have any questions for us, or comments send them our way at [email protected].

Listen to this week’s show and learn:
  • How Chase Did In Austin At The Quest IRA Event
  • Specifics On Assignment Of Rents
  • What Happened To That House On Fire In Atlanta
  • Things To Focus On When Your Pipeline Is Full Of Foreclosures
  • How To Win The Week
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    • Thanks for listening to our show! We’ll be back next Wednesday morning.

      Cheers,

      Chase & Robby

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      Note MBABy Chase Thompson & Robert Woods | Note Investing | Real Estate Investing | Li