Chase has been traveling and Robby has been at the beach, but we’ve both been working and we’re here again this week to toss around some chatter about note investing.

Chase has been interacting with a bunch of other investors and is going to attack a topic or two that came his way.

Chase dives into some tips on how to find some realtors in your non-local markets to help you evaluate the assets you can’t personally visit. There are some active and some passive ways to get this information and we discuss these as our first real topic.

A few of those main resources are: Bigger Pockets, Active Rain, Council of Residential Specialists (CRS), and MeetUp.com.

Robby has had to modify his road trip since he kept pushing it back in anticipation of closing on a large deal in Chicago. Instead of sitting around and not doing anything he’s hitting the road and to do a shorter road trip up to Georgia to deal with two properties.

Along the way he’d love the opportunity to meet with an investors that listen to the show.

Robby discusses some of his more internal challenges dealing with making material acquisitions to increase his lifestyle, but while not sacrificing the quality of life he has designed, something that happens to most of us, the debate between a material acquisition or an investment acquisition and which will make us happier over the longer term.

We are also gearing up for next week’s show to go over the goals we set at the beginning of the year to evaluate our progress thus far and to make some adjustments to them for the second half of the year.

We finish up with a great chat and advice on HOA’s that was prompted by an e-mail we received from one of our listeners. Find the full document Robby references at: Sperlonga White Paper: The Hidden Threat of HOA Liens.

As a post script Robby gives you a few tips on how to edit up you ROI calculator to make sure you don’t overlook these costs on accident.

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

Robby apologizes for falling short of his promise to deliver the numbers to Chase so that he could put out the case study for the Tampa condo deal we’ve been talking about.

We run through a buy-out that Robby is doing with a JV investor for the condo that they picked up down in Ft. Pierce, FL. The investor is a show listener and picked up on Robby’s desire to add the property to his rental property, and asked Robby if he wanted to do a buy-out.

The investor is going to receive what looks to be 40% cash on cash return in just about five months of being in the deal. All in all this is going to a good win-win deal.

Robby dives into being conservative when doing your analysis on deals as it relates to ending up needing to do renovations on properties after the note has gone through foreclosure and has become an REO.

He also gets into how buying in bulk on properties balances out your returns as some will need major renovations and some will come to you in good condition. Consider it a spread of risk across multiple assets.

We lightly touch on having enough capital behind your business or behind your JV investors to handle these renovations as they may come up from time to time.

Forced place insurance has been a subject that we have been talking about behind the scenes. As it stands, Robby is now set to make a claim and doesn’t have a full understanding of how the coverage is set to work.

This is something we’ll keep you informed on as we learn more and things sort themselves out.

We close out discussing mid-year goal progress. We are starting to review ours and we’re going to do a show to update on where things are at so far in the year, we’ll be discussing this on Show 30, July 1.

Take the time to review your progress and join us in a few weeks as we touch on goal setting once again.

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

More of an existential show than you’ve every heard from us before we hope you enjoy the ride as we jump around on topics that have been coming up for us the past week.

We’re keeping the notes short for the longer than average show length.

We jump off with a quote Chase shares from “The Millionaire Real Estate Investor” by Gary Keller.

The second half of a man’s life is made up of nothing but the habits he has acquired in the first half.

We have a conversation about some of the daily consistent actions/behaviors that Chase has and how they affect his productivity; everything from e-mail and Face Book, to powernaps and workouts.

When you’re working on some of these daily tasks and habits, are they truly good ones, or are there habits present that aren’t helping you progress in your business?

Another question that presents itself is are you going to do anything to change those habits that aren’t helping you move forward?

“Planning is good, but if you’re busy planning, you’re not taking action!”

We wrap up with a list of some of the top “people” you need on your Note Team!

Go check out our new YouTube Channel: www.youtube.com/notemba

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

Robby’s has returned stateside for this week's episode as we jump into some more detail on a few Florida deals and share some insight into deals with HOAs in the state of Florida.

This episode also marks our sixth month of consistent shows!!!

First though, Chase starts us off with a great online service to deal with customer service issues that might pop up at random times in your life.

The company/service is called Ringr. You can find them online at www.getaringr.com. Use them to sit on hold and deal with the standard runaround we all run into when calling a variety of customer service companies as needed.

We talk quite a bit on the show about designing a business and life the way you want. And we doubt anyone wants to include sitting on hold with some random customer service rep on to their list.

Robby put together an small article this past week that we are going to put out on LinkedIn comparing note investing to a long road trip. 

In addition we’re going to be working on a full case study this week regarding the condominium in Tampa that Robby purchased and took through full foreclosure and now has a new tenant about to move into the unit.

We cover Safe Harbor in Florida as it pertains to HOAs. Robby tells a great story from his experience in Tampa to educate you on Safe Harbor and some of the issues that might arise as you’re investing in Florida assets that are governed by an HOA.

Robby drops a few great nuggets about working with “professionals” and the advanced perception that many people automatically associate with these titles and how to protect yourself by managing your “professionals.”

On a final note we’re working on closing out of a deal in Ft. Pierce, FL on a condominium that the HOA was very quick and happy to sell us title on so that we could avoid foreclosure.

The JV investor on the deal wants a capital gain, so we’re going to look to sell the property retail, or as a turn-key rental, more to come in the coming weeks. We purchased title from the HOA, deed is in the mail, and we’ll have solid numbers for disposal (sale) of asset in just a few weeks.

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

It's a tough life maintaining the lifestyle design portion of the Note MBA team, but Robby is always up for the challenge.

Today's show Robby joins us from a little coffee shop in Bangkok, as he prepares for the voyage back to the States.

Headed back to Florida after a brief layover for about a week in Southern California, Robby won't be in the office for long. He's planning to take a mini note investing roadshow.

Basically, he's going to hop in the car and drive some assets he hasn't seen in about a year. As well as check out some newly acquired assets.

The goal of the roadshow is to familiarize yourself with the areas you invest. Whether its hopping in the car, booking a flight, throwing a kayak on your back, traveling a bit to look at communities and assets is always a good idea.

If you bring in JV dollars like we do, it's a good practice to add to your business.

After our marketing in note investing episode, Chase fielded a bunch of questions about email marketing.

So, we dive into a mini email marketing lesson brought to us by Chase's daughter. Over the long weekend with the family he realized his daughter is a marketing genius.

This marketing lesson includes the importance of product, segmentation, ROI, and more.

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

Robby is coming to us from the other side of the world once again.

We start out by focusing on the difference between vacation and travel and the emphasis on planning for whichever it is you’re actually doing.

Stop and ask yourself if there is something you want to experience, but you haven't yet. Vacation is an easy one, but decide what that is for you. Then plan your life to make it happen.

Jumping into some note business, Chase hits on how to up the response rates on bids your submitting. This topic came up during his trip to Miami and we discuss some reasons you may not be getting the response you want and a few tips to help you change that around.

As we continue to manage our business, we hit once again on managing your servicer. Something that should not be part of your business, but it is a necessary evil of the note business.

You can’t allow things to be left alone if you truly want them to be completed in a timely manner, as they should be done.

Just consider the costs incurred or income lost for each delay and then multiply that by the number of loans you currently own, or you hope to own to get a good idea of what these delays can cost you over time.

Lastly we give a quick update about the value of Stacey to Robby’s business and how she has been helping him within his business.

Since he’s been away he has been very hands off, but he’s anxious to get back to Florida in a few weeks to see how things are going.

Also, we have no loans up on NoteLinQ for a variety of reasons, but wanted to give everyone a heads up that they aren’t missing out on assets.

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

A slight improvement in audio quality even as Robby is coming to us from the other side of the planet in Ho Chi Minh City, Vietnam versus his drive to LA last week.

Robby is headed out to the beaches of Thailand to continue his location independent note business.

With that said, we’re going to focus on marketing for today’s show, which means Chase will be providing the bulk of the content this time around.

“You’re not bad, you're just not as good as you would like to be.”

We’re going to run with this quote as the basis for your marketing, even though Chase is basically telling you your marketing sucks!

Check out the marketing webinar Chase did that we have up on our Note MBA YouTube for a refresher to some marketing ideas.

Images as content drive conversion because we as humans are visual creatures.

Visual perception – The concept from a recent Stanford University study that says the human brain makes you perceive your environment in a certain way whenever you’re viewing an image. The will associate this created environment with what they “see” directly with who you are and what you represent.

If you’re using crappy images in your marketing people are associating those crappy pictures directly with you and your business.

Two new apps that will help you create better images for your social media platforms are:

Bold- Bold makes your text and photos into beautiful typographic images. It’s the simplest way to create engaging social media images. 

Over- Over is similar to Bold, in that it lets you put fantastic text on top of your images. However, it also has a feature that allows you to plug in your logo on every photo that you upload.

Now every time you post to social networks you can work on building your branding machine.

Another big hot button as it pertains to your marketing is making sure your content titles are “accurate.” Don’t put misleading information on your marketing, we see it every day and it is going to destroy your business.

You’re setting poor expectations for your investors when you do this and isn’t adding value for you or for them.

As another insight into upping your marketing game, try following the big guys.

Look at companies that have multi-million dollar marketing budgets and see what they are doing. Odds are they’re a step ahead of the rest of us as they have huge teams of people dedicated solely to making sure they are delivering the best-directed content they can to their specific markets.

Consider it a free education in marketing by following some of the “big guys.”

Here is few great follows on Instagram: Nike, Starbucks, and Ben & Jerry's

Another great medium that isn’t being utilized as much as it should be is FaceBook video… more on this later.

But more importantly, make sure you’re developing an editorial calendar to schedule out your marketing. This will give you the When, Where, How, and What of your marketing for the week.

Consider this your content curating, something Chase does on a weekly basis.

Check out the rest of the show to pick up on some more tips that only the listeners will hear about.

Follow Robby and Chase on Instagram.

Last but not least is Chase’s 80/20 rules as it pertains to content creation and distribution.

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

We apologize for the audio yet again, but we are getting it done for you regardless.

The past few weeks have involved a bunch of travel and Robby is coming to you from the road as he drives from Las Vegas to LA, not wasting a minute to get some work handled for our listeners.

The $1,000 deal:

Robby has found a note down in Miami and was able to do some due diligence during a long layover on his way to Las Vegas. Robby is actually going to front the money for the deal so that a pair of investors he knows can get their first deal under the belt and get it worked out.

This note is about taking action and showing people that you can go out there and find a note where you can get into a deal for $1,250 to acquire the note alone.

Back to marketing, we went back and forth on spending the time and money on going out to Paper Source in Las Vegas.

It was a great event for marketing and we would suggest that new investors put this on their radar as one of the top seminars to attend in the note investing space.

Robby had a conference call with Fuquan Bilal from National Note Group and his meet up groups, which was a great opportunity to speak more about 1st liens to a 2nd lien group.

The Ohio duplex that we spoke about last week was all set to go to Foreclosure auction last week, and the borrower filed a Chapter 13 BK on the day prior to the auction.

Prepared for it better this time after the experience from the Tampa property, Robby is a bit more patient in watching this deal work itself through.

"Everyone has a plan until they get punched in the face!"

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

Happy to be the legal drink age of show numbers. So, raise a glass, wherever you are, to the podcast

Chase put together a webinar on marketing for our listeners last week. If you weren't able to make it, don't worry it has been recorded.

You can check out the webinar on our new YouTube channel by going to: NoteMBA: Note Investing On YouTube

Robby was just up in Chicago pitching NoteLinQ and checking out a Cubs game.

Following Chicago Robby will be heading out to Las Vegas for Paper Source at the Tuscany Hotel. Come say hi to Robby and catch his panel with Jack Krupey, Fuquan Bilal, and Rob Hytha.

Robby is trying to sort out his next trip since he forgot he had to go to Chicago and Vegas. The current debate is between three weeks in India or Nicaragua.

The key to lifestyle design is continuing to keep your company's systems working while abroad. The system, Internet connection, and a good international cell phone plan are the keys to keeping the company going.

Stacey, Robby's new assistant, will help make things that much easier.

We also talk about the need for a mentor in your business as Robby has been working with a Business/Life coach on a variety of issues that come up on a daily basis regarding the big picture goals.

It was in line with some recent articles that have been popping up online regarding some of the behaviors of the most successful people in the country; having a coach and mentor being one of the key factors.

In the deal space, Robby has a property in Ohio that is going to foreclosure sale this Friday, May 1st. Given his main business strategy revolves around building a strong rental portfolio, he is torn between trying to let it sell at auction by submitting a lower bid and taking the cash.

We'll have the numbers in a case study for you in a few weeks after the Sheriff's sale takes place.

Ohio is a unique state in that the Sheriff's office sends out three people to asses the value of the asset prior to sale. They take an average of the three and then take 2/3 of that amount and that is the minimum opening bid for the sale.

We touch lightly on focusing how you set up your JV deals regarding the level of money your investors have to invest. 

One of the biggest take aways is not taking the last 10 or 20 thousand dollars that your investor has to put to work, because you may have to come out of pocket to finish a deal.

Get out there and find a deal, the money will find you.

As always send you questions to [email protected].

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

Cheers,

Chase & Robby

A few shout outs following our week up in Newark at NoteWorthy East.

Robby breaks down an asset that he purchased for a Joint Venture investment funded by a friend from college.

The investment fell outside the standard investment, as it was a fairly low cost note acquisition.

The HOA held title as they had foreclosed a few years prior and were renting the property out for a small bit of income to the HOA.

There are bunch of numbers flying around as Robby explains the deal, so we’ll be putting out a fully case study on this asset once the asset has been disposed of in the next few months.

This was a great deal, but one of the big things to take away is that regardless of the size of the investment you make, you still have to make an investment to get into the game!

The more deals you do the more you’re spreading your risk out and you’ll have a win like this to balance out a loss like the one Robby had at the end of 2014 in Kansas City.

Robby gives another way to look at how you’re calculating your ROI and what are you looking at as you close out your note deals.

The launch of NoteLinQ was better than we had anticipated at Note Worthy East. The “NoteMBA” promo code is still good for signing up and we’ve dropped the registration fee because we want everyone getting on the platform and having access to the system and the assets that we’re going to be loading into the system for sale in the coming months.

Chase and Robby list off a portion of their top 10 books list, which we’ll put at the bottom of the show notes.

Chase is going to put on a webinar to go over the material that he reviewed at NoteWorthy East. It is going to be great material to help expand your personal productivity and your company’s marketing.

Get online and register at:

www.NoteMBA.com/webinar

As always send you questions to [email protected].

Robby's List:

Chase's List:

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

Cheers,

Chase & Robby