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 conversations with investors go on the front and back end of a deal. We also talk about investing only money for friends and family, and Gabe covers the progression to also managing assets for friends of friends through a close network of peers.

Gabe’s whiteboard notes on his business routine:

Sign up for Gabe’s newsletter on his website at www.surfcityinvestors.com.

If you have any questions for us 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