We kick things off going over an article that Robby received a link to from another note buyer. The article it titled: Selling HUD’s Non Performing Loans: A Win-Win for Borrowers, Investors, and HUD

Over the weekend we got to spend some time hanging out together during the Dallas REI Expo. It was also a great opportunity to meet with some new investors and new vendors as well as catch up with old friends in the industry.

Its hard to put a value on getting out of your market and meeting with other investors that are like minded in a space that is designed to expand the businesses and lives of everyone involved. Chase hits on his big takeaways, which happen to hit home to our business of being able to spend more time in the same room working on projects.

There is a nice little place in Marshall, TX that we are trying to sell right now and we had one heck of a time with the original real estate agent we were working with. After the decision to pivot and engage a new realtor we have had a night and day experience.

The value of having “boots on the ground” tends to be priceless, which though we don’t discuss in today’s episode is something gained in value as you concentrate more and more deals in the same geographical location. What Chase hits on is using your network that lives in an area to scope out properties or to even interview vendors you might need.

Business expansion, what’s that mean to you? It seems we were approaching this topic from two different angles; this is something we would love to hear from our listeners about. Any feedback on this topic would be appreciated.

Getting into deals, Robby is introduced to the need to winterize his assets, something that he has truly never even thought about until a JV investor inquired if he had winterized their asset. As a result of this we have gained some great internal photos and can start making estimates of what costs we need to be prepared for to get the asset on the market.

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

It has been another busy week so we are coming at you with a somewhat shorter show than normal. We start off going over the movie The Big Short.

I don’t know what you’re waiting for if you’re in the note business and you haven’t taken the couple hours to get out of the house to see it. If you don’t get Chase’s Jenga reference about the collapse of the mortgage industry then you really need to get out and see it.

We talk about having collateral files sent to you. Robby just bought a handful of new notes and had the files shipped to him to review instead of to his document storage company Richmond Monroe Group.

Robby has seen more than his fair share of files and these ones are consolidated in a market that he is directly sending to his attorneys to begin foreclosing on the properties.

Robby touches on doing some of your own borrower out reach versus having an outside company reach out to the borrowers for you. He’s finding the value of getting on the ground and knocking on the doors of the borrowers versus passively working through a servicer or client contact company.

We’re still hitting on our goals again this week and talking about some reading we’re getting the year started off with. Big win over at the Thompson household where Chase’s wife Andrea picked up Tribes to start giving it a read.

As Robby has been reading, Chase has been working on writing every morning using a website that track his writing called 750 Words. We are still waiting to pick each other’s goal that they will be penalized upon for not complete.

Chase is also using an app recommended by Kevin Rose, a friend of Tim Ferriss, called Way of Life. A great app for helping you to create the habits needed to obtain the goals you set earlier this year.

We've also just launched our Note MBA Facebook page. We'll be adding some exclusive content over there soon. Keep us a Like! Come on you know you want to.

We get into goals again and we want everyone to continue to keep working and refining their goals with every opportunity you can. Robby sends you off with a bit of motivation titled “What it Take to Win the Week.”

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

We’re diving back in on our goals for 2016, but to be honest, we’re not diving deep. We’re cruising along the surface and getting the process rolling.

Which is what we want you to be doing along with us.

Let’s call it the bare minimum of progress that we should accept of each other at this level. Remember, just because of the fact Billy down the road hasn’t written his goals doesn’t mean you should be skating by without writing down your own goals.

Don’t be like Billy!!!

Vague goals that are written down are what we like to call a good start. From there let’s take the time to put them into categories based on different focal points of our lives. Next we are really going to think about if these are SMART goals.   Once they get SMART it might be time to really break down the processes that each one is going to require to get you to accomplish the overall goal, or get in the habit of creating small habitual behaviors that will get you to that goal.

With these thought out goals in place its time to find an accountability partner; leading on Chase’s discussion of Tim Ferriss penalizing himself if he doesn’t hit some of his major goals with some form of financial donation.

We have decided that we will each pick the other person’s goal that they will be penalized if not completed. Get an accountability partner, get someone to hold your feet to the fire, get someone to support your goals.

We get into some updates for our note business outside of our goal setting and we dive into a deal in Marshall, TX. We discuss live on the show for the first time what we should do with the asset.

Listen in for a front row seat to our little show of how little we know about seller financing as we simply make up numbers and resolve to go ask for help.

Let’s make 2016 great!

In case you missed it last week, be sure to use this sample goals worksheet if you need a starting point.

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

Welcome to our last episode of 2015. It’s been a great ride, and as we’ve said before “we couldn’t have done it without you.” Thanks for listening!

Recapping three straight weeks in a row of interviews we want you to go take action on the various offers/giveaways all three of our most recent guests have kindly extended out to our tribe of Note MBA listeners.

Eddie Speed, Dave Van Horn, and Daren Blomquist offered up some great stuff and we really hope you’re taking action on these offers.

Jumping into some content for this week Chase has Robby review two unique items Robby has been working on recently. We start with a recent deficiency judgment in Florida and the value of seeking them within your note business.

It’s not just about the judgment, its making great content for our podcast as well. Robby also visits the recent court case where he was successful seeking the Assignment of Rents under a 1-4 condominium rider on a property in Orlando.

We got a heads up on the movie “The Big Short.” It was already on our radar to see, but we wanted to throw it out to our audience to get a chance to check it out.

A listener question came in regarding the number of bids to submit and how to avoid putting in bids that may be too low. We hit on the relationship aspect of this business and how important communication is to get the most value out of all of these relationships.

Our big topic for this week is getting everyone started on reviewing 2015 to see how they did in regard to the goals you set at the beginning of the year. It’s the end of the year and you owe it to yourself, your family, and your friends to invest some time in effective evaluation of your results.

Lets take this reflective time and apply towards some thoughtful planning for 2016. Please do us a favor as a listener and get at least one goal down on paper. That is the bare minimum, one goal, that is all we’re asking of you, but realistically you need to be asking yourself if you’re okay with only setting one goal for yourself.

We are going to dive into goals that much more next week and even share some of our personal and professional goals for 2016. Click here to download the free, simple goals PDF. Thanks for being there with us throughout 2015 and we look forward to seeing what 2016 has planned for us.

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

This week we are coming at you with another great interview from a well-respected industry expert, Daren Blomquist is a Vice President at RealtyTrac. He’s been featured outlets like the New York Times, the Wall Street Journal, and NBC.

RealtyTrac is a leading provider of comprehensive US housing and property data.

We first met Daren out at Note Expo in Dallas and wanted to get him in front of our audience to provide some of the same high level content we were exposed to during his time on stage.

Daren starts us off with a look at issues from the impact of the Fed rate increases, to current level of foreclosure starts, and where the market has come from over the past three years.

If we stop to take a look at some market trends around the country we’re seeing more and more markets that are reaching new all time highs; though the nationwide average is still about 9% lower than peak of the market.

Moving into housing affordability Daren looks at some current debt to income ratios when qualifying for a loan compared to the ratios of the legacy years; but keep in mind when you’re looking at these ratios that CFPB currently caps the ratio at 43%.

We’re also seeing new loans allowing income from other occupants of the home, but not the primary borrower being factored into the ability to qualify for mortgages. Basically, lending is starting to loosen up again; so odds are we’ll see more inventory down the line.

Daren is giving access to our listeners to their award winning Housing News Report for free. This is something that every listener needs to action to e-mail RealtyTrac for this free $99 subscription. Send an e-mail out to [email protected]

In addition to access to the Housing News Report Daren is extending to the listeners of the Note MBA podcast access to RealtyTrac for $199 for a full year. This is normally $49 a month; we’re not getting a kickback for it, so if you don’t sign up you need to ask yourself how committed you are to using the best tools available in the marketplace. Send an e-mail to [email protected] and say you heard Daren on the Note MBA podcast offer the annual subscription for $199.

There is a wealth of other topics covered during this week’s interview that you need to listen in on hear about. Thanks again for making us a part of your week.

If you have questions you want to throw at him the next time we sit down with him, or want to chime in, 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

When we were at Note Expo, one of the things a ton of listeners we met mentioned they'd love of of on the podcast was interviews. It might seems like we took that too close to heart this week.

Dave Van Horn was sat down to talk to us about the business, and his 30 year perspective of real estate. The chat was too good to keep to ourselves for too long, so you get back-to-back weeks of interviews.

Dave has spent 30 years in the real estate business! Now before you get any ideas about him walking into a turnkey business, wait until you hear his story.

He was raised by a single mom with six kids, and after school he got married and moved back in with his mother. At which point he couldn't get a job, and started doing construction work. He grew that into his own construction business.

Dave goes into talking about how he originally bought his rental homes on credit cards. He'd use those credit cards to buy homes, then his construction and painting business to fix them up. Right around the time he amassed 40 doors, he was injured on the job site.

He dives into the importance of what he learned about owning a business that revolves around just him. He wasn't business building a legacy of wealth.

A contrarian at heart, Dave brings some amazing perspective to insurance, taxes, wealth building, and so much more in this episode.

If you want to know more about Dave head over to PPR. You can also catch him regularly posting on the Bigger Pockets blog. Also, be sure to grab Dave's free ebook.

We hope you enjoyed this interview with Dave Van Horn. If you have questions you want to throw at him the next time we sit down with him, or want to chime in, 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

We talked about a sit down with Eddie Speed leading up to Note Expo a few weeks back. On today's show we deliver on that promise.

During the interview Eddie breaks down how he got into the business, where he's seen it, and where he thinks it might be headed. We also dive into a unique twist on how you might be leaving money on that table by not utilizing seller finance in your business.

The guy behind note school owes his time in this business to selling a horse to his now wife's father. Going over the horse transaction in detail over ice-cream, led to an 8 hour discussion about real estate. Which then in turn led to a few year long apprenticeship for Eddie in the real estate business.

He moved to the Lone Star state to work the local market of seller finance notes here. In the show he details why living in the market you invested in wasn't a luxury, it was a necessity.

We go on to discuss direct marketing mailers, buying straight from FDIC, and the most recent reports about subprime making a comeback.

About halfway through the show he drops some major knowledge that everyone needs to hear. In fact, he actually directs you to pull out a pen and paper to make sure you write it down.

We hope you enjoyed this interview with Eddie Speed. If you have questions you want to throw at him the next time we sit down with him, or want to chime in, 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

We've officially made to the one year mark folks! Robby and Chase quipped early on about making it this far, but the day is finally here. Thank you so much for joining us along the way.

Reviewing our business weekly has been one of the biggest benefits to doing a weekly podcast. Robby even talks about how strange it is to have a hobby so closely related to your business. Most people don't scrutinize their business often enough. Doing things like this show, partaking in masterminds, etc. has really helped this year.

Prior to hitting record Chase asked Robby about spinning your wheels with potential JV investors. Instead of giving his opinion offline, they hit record and hit that topic from the start. For them it comes down to not chasing to aggressively.

And working to make sure you aren't in a position where you only have one person to send your deals.

It's been addressed on the show before, but servicers might just be doing the best the can. Or more specifically, it's sometimes helpful to put yourself in someone else's shoes. A listener sent us an article from DSnews regarding some of the regulatory changes that have impacted our industry from a servicing perspective.

Over at BiggerPockets, during the Thanksgiving festivities, an article went up about some new tax changes for real estate investors. Now, Robby and Chase don't play tax attorneys or CPAs on the podcast, but these changes could have a major impact on your 2015 tax filing.

Take the time to educate yourself, then bring the topic to your tax advisor to see if this is something that'll benefit your tax filing.

Chase brings up a surprise topic on the show this week. Be sure to listen to find out what is.

Lastly, Robby talks about spending sometime down in Cape Coral, Florida, at a note mastermind with Scott Carson & his note crew. We'll be looking to pick up as many assets as we can at this event. Whatever we're able to lock down, you can be sure we'll be talking about it on the show.

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

Happy Thanksgiving to all of our listeners, we hope everyone has a great holiday this week. We want to thank everyone for listening and giving us feedback every week.

Chase starts us off with this week’s take on omnipresence and how it applied to a mastermind group of local real estate investors that have recently invited him into their inner circle.

It seems the sun is shinning on Robby’s A$$ in Atlanta after having a conversation with the claims adjuster for the HOA’s insurance policy on his uninsured condo.

We still don’t have a full understanding as the HOA board members continue their elusive and aloof management style.

Heading west over to the small town of Marshall, TX, we have decided to outsource our research trip to our locksmith and to our realtor. Listen in as we get interrupted while recording the show.

Then up north to Ohio we run over the numbers for a new REO, soon to be rental, and what we are setting up with the property management company.

We extend this portion of the show to dive into topics such as cashing out, what’s the true ROI, and how we apply deals like this to lifestyle design - with allocating the profits from this asset towards different material costs in life.

We want to thank everyone one last time for listening to our little corner of the internet! Have a great holiday with your families!!!

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

On this week’s episode we a running through a variety of deals as we feel like we’ve been a bit light on deal talk. We’re going across the country from Illinois, to Ohio, to Florida, and some in between.

Mr. Woods is slowly getting settled into his new place and the office is up and running even though nothing else is, so expect some more video content coming your way as he settles into the new place.

Stay tuned if you’re at all interested in hearing about the deals we have running around the country, the topics we’re hitting on this week include:

-Short sale negotiations

-Refinance settlements

-Countering offers from buyers

-Short sale commission levels

-What’s the offer price

-What are you paying the 2nd position holder?

-The ATL fire disaster

-Another foreclosure in small town Illinois

-Assignment of rents

-Ohio re-performer that has yet to re-perform

-Statutory interest on judgments in Ohio

-Ohio homestead or lack thereof

If any of that sounds interesting, this week’s show is for you. Let us know your feedback on our Deals on Deals on Deals episode this week and if there is anything else you’d like us to be hitting on.

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