We open by giving a recap on our experience at Note Expo; if you weren’t able to make it this year, we’d suggest you pencil it in for 2016. The event gave some great high-level information on the real estate markets and on the note investing industry as a whole.

We were quite thankful that the event was devoid of a bunch of “selling” as is common among many of these industry events.

After reading through a variety of e-mails and being able to speak with some investors in person we have selected Joe Martin from San Antonio, TX as our investor that we will be helping to build up his note investing business.

In expanding our listener reading list we are adding a book that we were just provided by our friend and peer Fuquan Bilal over at NNG, Turning Distress Into Success (This book is not yet available via Amazon.com, we’ll keep you posted on when it becomes available).

We’ll be getting a good recap out after we have a chance to read it. In addition to Fuquan’s new book, I have tasked Chase with ordering us copies of a book by Sherman Arnowitz; we’re finding it humorous that both of these books are by guys that are focused on investing in the 2nds space, along with a previously reviewed book by Gordon Moss.

A little tidbit for our new investors out there, if you’re going to spend the money to attend these marketing events, but if you’re going to attend, then spend the money to get some business cards made for yourself.

They don’t have to look pretty, and ugly is better than nonexistent.

Getting into this weeks note business updates, we’re still working on our Cleveland, OH loan forbearance/modification in hopes that we can move him into doing an FHA 1023 refi on the loan. This one will be a work in progress over the next few months, but we’ll be sure to keep you updated as it moves along.

Our property in Marshall, TX that went to foreclosure sale came back to us as an REO, now we’re just waiting for title to get issues and we will be on the ground working on our disposition plan.

If anyone is interested, feel free to drop us an e-mail.

Lastly for our update is a motion filing for assignment of rents for a condominium we own the note on in Orlando, FL. This is the first filing for an assignment of rents, so we’re not certain that the cost/reward ratio is going to end in our favor.

However, it will be chalked up as a learning experience either way and will make for some good content down the road as motion works itself through the system.

We also wanted to say, "Happy Birthday" to Chase's daughter.

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

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

As we work to keep note investing content at the forefront of our show Robby is in Costa Rica generating more material for our pivot.

Though currently relaxing in an all-inclusive resort, he spent the past few days at a farm in the hills near Arenal Volcano in Costa Rica. While there Robby came across a land opportunity in the slowly developing town of El Castillo.

We discuss some aspects of international investing along with the power of a tax write off made available from the IRS when our work covers such a diverse set of topics and geographical locations.  

In the case of this investment opportunity in Costa Rica, it may be a somewhat vanity investment, but the returns and opportunity are very real.

For this specific property Robby hits on a current TV show found on HGTV called Vacation House for Free.

Getting into the note side of the show we discuss another recent issue regarding delays in your business and how they end up costing you over time, but you have to be the one that manages how the flow of issues is managed.

The main focus of this is a note we are trying to re-perform located in Cleveland, OH. As it relates to this deal, Robby tells a small anecdote about a personal purchase he made and how he made his realtor negotiate a few extra dollars off the deal prior to closing.

Thanks again for all the responses from listeners that have responded to our coaching/consulting offer regarding our trip out to Note Expo: Dallas.

A few final points regarding on self directed IRA investing, waiting for loan boarding, how direct you can be when marketing what you are investing in, and matching your investor’s money to their level of risk tolerance.

 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

Today’s show is an introduction to our upcoming pivot.

Its going to be a short show today because we want to introduce you to a deal that Robby is working on right now that we will be highlighting as we move the show forward.

With an initial focus on mindset, we go into a quick discussion focused on how good deals find the money if you know who to get in contact with.

Robby is working on a deal that is going to need $9 million in funding for acquisition and improvements over the investment period. Robby breaks down an analogy regarding restaurants and how you baby step yourself up in deal level. As with all good things it takes time, but if you focus on where you want to go you can get there.

We then jump into some listener questions regarding the setup of an LLC, picking a servicer, and some of the other small tasks that need to be completed prior to getting your note business going.

As it goes for the LLC, we both suggest going to Laughlin to take care of the entity setup and your corporate veil protection program. Our current recommendation on a servicing company surrounds taking one note and putting them with each of the companies you are thinking about using.

You will be able to develop your own key relationships and experience the backend systems that will help you filter out the company you prefer over the others.

Chase points out the value of having an appropriate e-mail address for your LLC/website so that you’re coming off with a professional appearance and you’ll be able to interface with a mail system like MailChimp that much easier.

We close out with some upcoming highlights from the deals we are working on at this very moment. Stay connected and let us know if you have any questions we can answer.

Don’t forget to join us at the Note Expo is November 6th and 7th in Dallas.

Also, we’ve gotten some killer feedback on the startup consulting and the pivot for 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

The Man-iversary episode gets kicked off with some very high spirits and unfortunate signing by Robby, but Chase quickly leads us into a book review of “The 13 Mentally Strong People Don’t Do” by Amy Morin.

We also hit on some of the top books that we feel listeners need to have read:

Think and Grow Rich by Napoleon Hill

Rich Dad Poor Dad by Robert Kiyosaki

The Four Hour Work Week by Timothy Ferriss

The Four Hour Chef by Timothy Ferriss

Enders Game by Orson Scott Card

We want to hear from you guys about a pivot of the show to cover broader topics within real estate investing to focus on rentals, retail sales, renovations, property management, speculative building, and multifamily/commercial properties.

If you’re going to be out in Dallas for Note Expo, please let us know as we’d love to get together with our listeners.

We also throw out a an offer for a listener that would like to get some free consulting from Chase and Robby over the next couple months.

Note Expo is November 6th and 7th.

Our motivation came from a podcast that aired earlier in the year called StartUp by Gimlet Media.

Chase closes us out talking about a great new app to help you manage your inbox to help get your big rock e-mail items handled first. Check out ZeroApp and help get your priorities in order.

If you 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

Chase is stepping up his fashion game and his outsourcing game by signing up for Five Four Club after Robby talked him into it.

We get our week of content started off with a conversation about e-mail etiquette and how you should be corresponding within the business arena.

Not that these aren’t things you already know, but its something that never hurts to have repeated to you every so often. Just be careful with what you put into writing; be respectful!

We touch on managing your resources again, specifically your Attorneys for this weeks show.

Following a bit of a ball drop by one of Robby’s attorneys up in Florida, we wanted to bring this up to your attention again to see if you systems are designed to make sure you can afford a similar type of issue.

Use this as a reminder that when your professionals make errors, you shouldn’t hesitate to ask for a discount or a credit to your account for them making the error which could potentially have a large impact on your return from a deal.

To help you develop an in person marketing plan Chase goes over his 3 E’s system that he uses when he’s speaking to investors one-on-one or to a room full of people.

Take some notes, as there are a great number of takeaways to help you develop your personal marketing game. These principles don't just apply to face to face meeting. Use them in email, social media, etc.

If you 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

Robby picked up a new condo for himself down in Florida thanks to FNMA giving their REOs away, but since it wasn’t a note deal we go into why Robby likes HOAs even though they take a big chunk out of your monthly cash flow.

Speaking of HOAs, Robby is off to the annual meeting of an HOA he owns a unit in to attempt to purchase other condos that the HOA has previously foreclosed on. Listen closely for how those deals work when an HOA has previously foreclosed on a borrower.

The value of networking is still at work down in Miami as an offer came in on the Miami Condo Robby placed with a broker he met in Dallas at Five Star. We quickly hit on the numbers and how they have ticked up since the original acquisition due to changes in the market.

Utilizing the resources we’ve put together 90% of this deal is being done with no extra work on our end.

Our show intro this week hits on a Bait ‘n Switch that we see every so often in the marketplace and Robby really wanted to highlight how this can affect a new investor when they are anxious to get started.

It may be a great sales tactic, but when you’re buying it’s the last thing you want to deal with.

Don’t forget to penalize people that ask for something more when the deal has already been agreed to. There is a time and place to concede for a request, but most time it is best if you penalize the asker so that they stop asking for more things every time they get a chance.

Chase wraps us up with a great review of an article from Fortune.com regarding how Wall Street didn’t get their investments in residential retail 100% in line with investor expectations that are leading to a very paltry return on investment.

We have a great chat about how these market transitions are going to lead to the trickle down flow of assets for investors in our spectrum to buy their crumbs.

If you 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

We start out with a quick recap of Robby’s trip to Dallas for the Five Star Expo.

The main takeaways lean toward networking and getting out into the industry to find out what others are doing. The value of being around the top executives of many of the players in the industry can’t really be calculated.

Robby took advantage of a new relationship with a RE Broker in Miami to help with the property he was offering Cash 4 Keys for on the show last week.

Chase hits on some articles that came out following Five Star in reference to servicing, which hits on a lunch Robby had with the CEO of his primary servicing company. The lunch conversation helped shine some light on the servicing side of business from the point of view of the servicer, not as the investor.

Robby introduces us to a new company to help outsource exterior aspects of maintenance for your properties call Task Easy.  They’ve already completed a job for him up in Columbus and he just ordered another yard service on a lot in Orlando for lot he received a Code Violation in regard to the length of the grass.

To help keep your business more organized which will lead to more productivity the guys bring you two different applications to help with that growing stack of business cards on the corner of your desk.  Check out CamCard and/or EverNote.

Evicting in Chicago is still not fun.  Nuff said!!!!

Robby gives some quick numbers on his Miami deal, as we’re getting closer to either renting it or listing it we’ll be able to get some complete numbers out for a case study.

We close out with some thoughts on where the market is headed and our thoughts on what’s going on.

If you 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

Robby is out in Dallas for The Five Star Conference this week, so if you’re out that way feel free to stop by and say, "Hi!"

We get things started off with a quick update on Robby’s potential loan mod on an asset up in Ohio.

The borrowers couldn’t come up with the full amount that was originally agreed upon to stop the foreclosure sale, so listen in on how the deal played out.

Recessions End: Stimulus For the Rest of Us by Michael Everett is a book that Robby mentions was recently recommended to him.  The book hasn’t had wide distribution, but should be an interesting read.

We answer some listener questions about working with your VA and about how to increase your yields.  Chase gives some good pointers on a VA as well as access to a whitepaper on hiring a VA.

Robby runs through a variety of items that can and will affect your yield over time.  Robby hits on something he refers to as “Standing Expectations” with vendors that will really add value by saving time within your business processes.

In regard to some upcoming Events:

NuView IRA’s Planning for Prosperity in Orlando, FL is Friday, October 2, 2015

NoteWorthy Convention in Las Vegas, NV October 15-17, 2015

Note Investors Summit in San Diego, CA January 20-23, 2016

If you 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

This week’s show is dedicated to our fellow note investor Rene Weaver.

We’re all getting back at it after the Labor Day weekend and trying to clean off our desks while clearing out our inboxes.

We are moving forward with bringing together some high level education regarding FDCPA and some great SDIRA strategies for our listeners.

Chase points out that Robby has veered off his standard path of not talking to borrowers. He has been getting after it this past week in the communication with borrowers and tenants department.

A semi-squatting tenant that hasn’t been paying market rent accepted a cash offer of $800 to move out of a condo we recently foreclosed on down in Miami.

Listen to hear how Robby’s relationship with his attorney got the money portion of this transaction handled while he was on the road.

We are working directly with a borrower in Columbus to help stop a foreclosure sale that is set for Friday morning. Down to the last wire, the borrower really wants to stay in the property. In fact, they've has been able to stash away a good chunk of cash in order to get their arrears balance down.

We gave the borrower two options, and we’ll have to see if they take either one of them in the next 48 hours so that we can stop the sale in time.

During the course of Robby’s Ohio Road Show he also was able to make contact with a borrower in Cleveland that had just prepared a motion for the court requesting mediation with the lender to modify their loan.

Robby and the borrower had about a 30-minute conversation going over the property value, payments, and current work status of the borrower and were able to come to a rough consensus on how to proceed with a forbearance and modification of the loan.

This one is in the early stages, but the attorneys are already drafting a letter to the borrower outlining the first offering of terms to get them back making payments and to help keep them in their home.

Chase takes us through a recent article that was released regarding HELOCs and the expectations of how many will have trouble making payments as the HELOCs originated in 2005-2007 reach their 10 year draw period.

The loans in this range make up over 50% of all HELOCs that are outstanding in the market right now. It will be great to see these HELOCs make their way down through the system to the retail non-performing note investors.

As a final note we would like to dedicate this show to Rene Weaver. Rene was a fellow note investor that passed away this week.

We want to send out our condolences to his family, friends, and loved ones that he left behind.

If you 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