If you've wondered about making the transition from flipping homes into note investing, today's episode is for you!

Since Robby is unable to find a decent internet connection while on vacation in Spain, Chase is joined this week by Bob Malecki.

Bob is a professional investor who has been active since 2006 and specializes in the repositioning of stressed mortgage debt for both equity and cashflow. He has currently raised over 11 million dollars through his company, Resolution Capital Management, to build up a substantial portfolio with assets in locations including, but not limited to, North Carolina, Tennessee, Oklahoma, Texas & the Seattle area to name a few.

Bob went the traditional route of investing through buying rentals & flipping homes before he discovered note investing through a combination of Eddie Speed and his real estate agent who was also an investor. Bob ended up buying his first note (out of his self-directed IRA) on a mobile home where he realized a 42% annualized return on his investment and hit the ground running from there.

He explains that when speaking with new investors or others about what he does, he words it to the lay persons that he “renovates” or repositions distressed loans to help the borrowers start repaying on their debt to create cashflow for their investors. He also enlightens & reminds listeners & investors in this business (and all real estate investing really) that you should “Live where you want to live, but invest where the numbers make sense.”

Some of the key topics they cover throughout the rest of the interview are:

• Investing out of your self-directed IRA
• Sourcing Investors & how to earn their trust
• Where to get a better understanding of the Note industry
• Creating & setting up a fund for your real estate business
• Marketing Do’s & Don’ts
• The pitfalls of the industry for new investors

Chase & Bob cover a wealth of knowledge throughout on these topics & many more so be sure to take notes (no pun intended) and as always…

If you have any questions, comments or potential deals to send our way, email us at [email protected].

Thanks for listening and we will see you all next week!

Listen & Watch this Week’s Show to Learn:

• Bob’s story on discovering & building a Non Performing Note Business
• What functions, events & areas you can go to learn more about the Note Industry
• How to attract investors to want to work with you
• How to work with out of state Investors
• The unbelievable power of networking
• The difference between Reg D, B & C funds and which one Bob setup for his business
• And much more!

Featured on the Show:

• Resolution Capital Management - Bob’s company where he is the Managing Director
• Bob Malecki
• Eddie Speed & Note School
• Memphis Invest - Turnkey Rental Property Business out of Tennessee
• BiggerPockets - The World’s largest Real Estate Investing Social Network / Marketplace / Educational platform
• Dave Van Horn’s new white paper about Note Investing

Listening Options:

• Subscribe via iTunes.
• Listen on Stitcher Radio.
• Right-click and “save file as” for direct download.
• Or click here to get sent to the top of the page where the on-site player is.

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

Cheers,

Chase & Robby