Hey guys,

We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video.

But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I don't really know where it falls.

I think it's really valuable to just have in your space. I know I appreciate that I was exposed to this book by multiple people. One person pointed out four chapters specifically. We'll be bringing you something special regarding that, and try to include a cameo appearance by that person.

I want to say thank you for listening. Bare in mind that this first reading is my first attempt at anything like this. We appreciate all the feedback that you guys might have about this project.

And as always, if you like this, and like the show, please take a moment to share it with someone you think it'll have some impact on.

If you haven't already, you can grab a copy here.

RW

On today’s episode, Robby and Chase interview a guy that went from analytical engineer to real estate investor. They are fortunate to have a guest on the show with a wealth of experience in multi-family and single family investing. His name is Adam Adams with AJA Investments.

They get started by letting Adam talk about how his ROI analysis software which evolved over time to allow for more efficient analysis of potential note deals. They go on to discuss how the overall effects of this on his business and the benefits to understanding and being confident in your numbers.

They then segue into discussing forced place insurance and a cheaper insurance option that Adam recently found at Note Expo in Fort Worth, Texas. One of the great things that Adam found is a program they have for pools of notes where he’s paying 1% premiums per year on his declared note value. This prompts Robby to ask a question and also issue a small challenge. Robby uses REI Guard through Infinity and he does the replacement cost / actual cash value. The question is whether Adam’s policies cover theft which they do and is extremely valuable. Adam then let’s Robby know that he insures for the note price and the work out cost. Adam let’s listeners know to ask for Beth with J.B. Lloyd & Associates.

Adam then goes into how he first got into the note space and what enabled him to get comfortable with investing outside of his backyard which Robby notes is a challenge for numerous new investors. One of the biggest assets has been finding a great Realtor in the area that he’s investing in. The one he’s been working with in one area actually ended up becoming a JV on a couple deals with him.

After the great intro, they dive into numerous topics such as:

• The various deals Adam has worked and numbers on those
• The importance & execution of due diligence
• An interesting duplex deal Adam is currently working on that he initially paid 12k for
• Adam’s main business model and how you can do the same
• Turnkey rentals and the 1% rule
• Various contract for deed scenarios
• How Adam manages working through Brokers, timing with wires & why it behooves you to build direct relationships as opposed to going through middle men
• Consistency & continuing improvements will lead to success in the long run
• Adam’s great Lawyer referral - Franco Barile

That’s all for this week everyone!

Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen & Watch this Week’s Show to Learn:

• The benefits of proper ROI analysis software
• How Adam organizes his day to day activities and the levels of priorities he places on certain tasks
• Who you should be using for forced place insurance
• Why you should find a good (and hungry) realtor in the area you want to invest in
• The best way to plan your day and the essential tools to use in order to stay on top of it
• Why you shouldn’t necessarily hold on to your multi-family properties
• The necessity of continuing to grow (even as a database developer)
• Why you should setup a Holding LLC
• How impactful having a supportive spouse is
• And much more!

Featured on the Show:

• Chase Thompson’s Marketing Workshop in San Antonio, Texas
• Adam Adams
• AJA Realty Investments
• Jeff Conway - Skyline Investments
• J.B. Lloyd & Associates (Beth Boisseau)
• Wayne Snell
• REI Guard
• Note Expo
• Franco Barile

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

Hey guys,

We're really excited with the idea of these extra episodes to the podcast. I came to Chase with the idea of just reading from books that I'm being influenced by, or that he's being influenced by. And we're going to mix that in throughout the course of the year with some video.

But, given this is our first go at it,I guess I thought it was important to point out this is just a book we're really influenced by. It's not number one on the list, it's not number 10 or number 20 - I don't really know where it falls.

I think it's something that really valuable to just have in your space. I know I appreciate that I was exposed to this book by multiple people. One person pointed out four chapters specifically. We'll be bringing you something special regarding that, and try to include a cameo appearance by that person.

I want to say thank you for listening. Bare in mind that this first reading is my first attempt at anything like this. We appreciate all the feedback that you guys might have about this project.

And as always, if you like this, and like the show, please take a moment to share it with someone you think it'll have some impact on.

If you haven't already, you can grab a copy here.

RW

Today the guys discuss an effective strategy for hiring a VA, a marketing event happening in February, contract for deeds, and more. First off, a reminder to all, remember to share the content from a past episode, tag the Note MBA Facebook business page, and subscribe to the NoteMBA podcast to get a free copy of the book by Tim Ferriss titled, “Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers.”

They then dive into the trials and tribulations of hiring an effective virtual assistant that can have an immediate impact on your business. $7.5 to $8.5 per hour is the effective rate that Chase has found for a solid VA. Robert then dives into weighing the dollar value of your time versus the cost of hiring a virtual assistant which then leads into the value of putting the proper system(s) in place for your business (one of which is Salesforce for Robert).

One of the best lessons of the show is that if time and hard work equals easy then you’re in the right place! Contract for deeds then becomes a hot topics that Chase & Robert discuss.

Chase & Robby then discuss a 3 day marketing event that Chase has coming up in February in San Antonio, Texas which Chase wants to be a true workshop for those who want to learn how to photograph, take video, or learn general effective marketing tactics that will super charge their business.

Next week, there will be some video on some deals they have as well as a case study within the next two weeks from a case study from Chase. Also, there will be some more deal talk on notes as well how easy it is to do it with the right systems in place.

They close out the show with a reminder of the audio excerpts from Robert that will be coming out from Robert on a weekly basis starting this Friday.

Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen & Watch this Week’s Show to Learn:

• The process of hiring an effective VA
• How an effective VA can impact your business
• Robert’s tips on the value of a VA versus the cost of your personal time
• What to do when you’ve stepped into a ring with a goal setting black belt
• What happens if you put time and hard work into your deals
• Contract for deeds
• Robert & Chase’s plans for settling up a PPM this year and the benefits to investors
• And much more!

Featured on the Show:

• “Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers” by Tim Ferriss
• SalesForce
• Chase Thompson’s Marketing Workshop in San Antonio, Texas
• Wallace Wattles - The Science of Getting Rich
• Marcus Aurelius - Meditations

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

Robby & Chase are back and fresh off some recent travels where they were both reminded of goal setting & episode 96 that showcased Earl Nightingale’s “the Strangest Secret.”

However on this episode, they wanted to talk about 2 particular items regarding deals.

Robert starts out by discussing a situation in Ohio where they have one contractor working on multiple full renovation projects. Robert started the relationship off a referral from someone he has a great relationship and extreme trust with so he gave the contractor a lot of leeway. There were some delays (snow & health issues), but for various reasons, Robert never went up to inspect the properties. Robby laments that he does take full responsibility for the problems and knows that many of the listeners are probably laughing as they know what’s coming… So over the holidays, Robby flew Jeff up to see his family as well as inspect these properties. Before Jeff got there, the contractor asked Robby for the final payment on one of the properties. Well, that final payment on the one property would have represented the final payment on all 3 renovations.

It turns out one of the properties hadn’t even been trashed out, another was only half finished and the third, which he just saw the pictures from a realtor who is renting it out, it appeared there were only 1 light bulb in every fixture so the finished quality was just not there as well. Robby has spoken with the contractor since finding this information and he fully believes he wasn’t trying to rip him off, but rather the contractor was just too busy and wasn’t managing his people properly. Which, coincidentally, is the same reason this was allowed to happen - because Robby was too busy with a few of his other projects and wasn’t managing the contractor. It just goes to reinforce why Robert is spending so much time at the end of 2016 and now in the beginning of 2017 working on his systems to ensure he can scale the business while mitigating risks such as these.

Robert then discusses another renovation in Atlanta that just went under contract and will be an interesting case study coming up. While they are still going to make money on it, because of not following specific processes and systems, he is not going to make nearly as much as he could have.

They finish up by going back to the discussion on goals from the beginning of the show which brings to light some great tidbits of info. Robby also lets viewers know that he’s been reading some great books and is going to start recording brief excerpts from them and releasing them on Fridays. Some of the books are listed below.

Chase then lets listeners know that he has a book giveaway. He has acquired an extra copy of the book by Tim Ferriss titled, “Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers.” In order to have a chance to win the copy you must meet these criteria:

• You must either be a subscriber on iTunes or on YouTube to NoteMBA
• You must send a screenshot via email of a piece of content you have shared of theirs (preferably the goals episode)

Robby then let’s everyone know that they will actually send a copy to everyone who does the above by January 14th, 2017 so be sure to share the NoteMBA content and subscribe to the show!

Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen & Watch this Week’s Show to Learn:

• Learning lessons from multiple struggling renovations
• Taking responsibility for your failures and turning them into future successes
• Chase and Robby’s Tools of Titans book giveaway
• The importance of being respectful & communicating effectively
• Why you should set goals for growing personally & professionally
• And much more!

Featured on the Show:

• Goals: How To Get Everything You Want - Faster Than You Ever Thought by Brian Tracy.
• The Theory of Reasoned Action
• Mark Gold’s distressed Note Expo in Northeast New Jersey on the last weekend of January.
• Earl Nightingale - the Strangest Secret
• Gary Vaynerchuk
• The Science of Getting Rich by Wallace Wattles
• Meditations by Marcus Aurelius
• All I Really Need to Know I learned in Kindergarten by Robert Fulghum
• Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons and World-Class Performers by Tim Ferriss

• 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

Show notes coming soon.

It's Thanksgiving 2k16 people! In this week's show we take time to say thank you, talking about outsourcing, buying drug dealer cellphones, and so much more.

Right off the top, this week's episode is the annual Thanksgiving edition, and Chase dives right in with gratitude. As part of the weekly Note MBA Insider email, he already took some time to thank the listeners and Note MBA community. However, just in case you don't get the weekly email, he takes a moment to say thank you.

Moving right along with the Thanksgiving analogue, Chase prompts Robby to discuss how full their plates are currently. They've been incredibly busy these past few months. Robby notes that one of the biggest opportunities with all these projects is closing them out. He harps on the need to finish what they've started to keep from spinning too many plates at once.

We've talked before about the importance of having effective boots on the ground in areas you're investing. Well, what's the next best thing to your own boots? During the interview with Paul Birkett last week, Robby was up in Chicago taking care of business. While he was there Robby sent two of his guys to Atlanta, GA. Robby talks a bit about this process, and the importance of being comfortable with 80% from outsourcing.

Throughout this year the guys have done a massive expansion of their business. They talk about how as the year closes out its been a few months of contraction now. Robby talks about some of the concentration that is taking place within areas of the business that have expanded.

On a final note, the guys mention that this might be the last show of 2016. It's likely they'll be back for a goals episode to really close out the year, but that hasn't been scheduled yet.

Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen & Watch this Week’s Show to Learn:

• Huge gratitude bomb to all entire Note MBA community
• Robby sends his guys to Atlanta
• The ebb and flow of expanding and contracting your business 
• Building out SalesForce for some additional business automation
• Robby does some cussing about Chicago, SOPs & business structures
• It's about learning from your mistakes and the real life tuition you pay
• What Robby thinks about regarding Paul Birkett's take on pricing in the market
• What holds back the majority of investors from getting started and also scaling up
• And much more!

Featured on the Show:

• To Break a Phone Addiction, Turn Your Screen Gray
• SalesForce
• Paul Birkett's Episode

• 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

Since Robby had to take a last minute trip up to Chicago to take a look at some of their assets, Chase took the time to interview, Paul Birkett, who has a 20 year corporate career background with the likes of Proctor & Gamble and Pepsi Co and has been able to acquire 1,500 assets in his first 3 years!

To start out the conversation, Chase asks Paul to describe how he got started and some of the pitfalls he experienced in the beginning stages of his note business. He begins by repeating one of our favorite phrases on the show, “well, you don’t know what you don’t know.”

He started out in the Note business while doing a short sale with PNC Bank when the lady who was managing the short sale called him and told him we can’t sell you the note because we sold the note. Paul then met the guy who bought the note and discovered the wonderful world of notes. He quickly sold the roughly 15 rentals had so he could putting capital in to the note space.

He also describes how they grew a little too quickly for their own good after buying a large pool of notes in the Chicago area. Due to the circumstances though, they quickly learned necessary systems and people they needed to put in place so that everything that came in the door had a clear plan & process.

The gentlemen then segue into what Paul believes are the most important aspects of the business to focus on and how to run your day to day operations. He breaks it down by into two things:

1. Your to do list which is comprised of his 1, his 3 and his 5

• 1 thing he’s definitely going to do today
• 3 things he really wants to get done, but may not get fully complete
• 5 things that he wants to get done and if he can, he will. (i.e. never go to sleep at night with un-actioned email)

1. Having systems for the day to day so you can easily scale and don’t get caught in a rat’s nest once you have 15, 20 to 25+ loans going on at once.

They go on to discuss numerous topics such as building a solid foundation to prep for scaling, how to embrace being “in the weeds,” & much more so be sure to listen to the rest of the episode!

Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen & Watch this Week’s Show to Learn:

• Issues with growing too fast
• What type of growing pains you can expect if you’re just starting out in the Note business
• Why Paul sold all of his rental properties to focus fully on Notes.
• How to speak with investors to raise capital
• Why you don’t want to put investors work immediately rather than let it sit briefly
• What Paul believes are the most important things to be focusing on
• What holds back the majority of investors from getting started and also scaling up
• And much more!

Featured on the Show:

• Paul Birkett - Ex Corporate Exec turned large scale Note Investor.
• Automation Finance Investment Fund - Paul’s company
• Proctor & Gamble
• Pepsi Co

• 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

After some initial Election Day banter, Robby and Chase discuss a couple important topics including a recent Florida Supreme Court Ruling.

In the case of the legal topic, the Florida Supreme Court finally ruled on the statute of limitation issue presented in Bartram vs U.S. Bank. Long story short, banks now essentially have a do over and experts expect upticks in State foreclosures in the next 12 to 24 months. The guys discuss the future impact and ramifications of this ruling and you’ll be surprised at their thoughts on whether it’ll spread to other States.

Their next topic is another fascinating article from the Wall Street Journal titled “Banks Fall Back in Mortgage Lending.” The reason they believe this is so impactful is because of the $50,000 to $100,000 mark where banks don’t really want to lend because of limitations of Dodd Frank. Essentially, this lending range is slowly giving way more to individual investors & smaller funds and there is a great opportunity to build wealth in the near future which leads the guys to segue into discussing a few interesting deals they have in Baltimore along with some minor headaches Robby experienced while contacting local government offices.

The next thing they have to discuss concerns Facebook advertising & targeting to help expedite offloading specific deals. Robby discusses marketing a potential asset they have in Columbus with his marketing buddy in Orlando, Tonio Bianca. They’re going to A/B test a few Facebook ads that will target a specific radius around their asset and will predominantly target local wholesalers, flippers, and real estate investors in general. Be on the lookout as the guys will look to turn this into a brief case study for everyone to review and determine if it will make sense for their business.

After listening to the recording of the dialogue between Robby & Tonio, Robby reminisces about an old Town Hall type discussion between Warren Buffet & Bill Gates where he learned a couple great lessons that he reviews with the listeners.

Chase closes out with a great discussion on video and Facebook Live Video and the benefits it can and will have on your business if you decide to start utilizing it. Robby reminds & warns listeners not to reveal the addresses of properties through video if they don’t have it under contract yet!

That’s all for this week everyone. Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen & Watch this Week’s Show to Learn:

• Tax foreclosures & Note Deals in Baltimore
• A new ruling by the Florida Supreme Court on the case of Bartram vs. U.S. Bank
• Using Facebook Advertising to help expedite the sale and offloading of assets
• Current trends in Mortgage Banking and how it will affect the individual investor
• And much more!

Featured on the Show:

• Harris Howard Attorneys at Law
• The Bartram vs. U.S. Bank Florida Supreme Court Ruling
• Warren Buffett & Bill Gates Interview on Success

• 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

This week we break down the first principles of note investing, life, and business. All viewed through the scope of our first 100 episode of the Note MBA podcast. We realized there have been some interesting trends and motifs that have emerged throughout the first 100 episodes.

So, today we discuss those principles, as well as a few of our favorite moments.

We kick off this week's Best of Note MBA-esque show with Episode 7: We're Not Gurus. This was a seminal episode for us, where we put a line in the sand about what the show would and wouldn't be. During this show we also talked about how we breakdown a note tape.

Episode 8: Joel Markovitz, VP of Business Development, is the next show up for discussion. An interview with a servicer can usually be a daunting task. However, time with Joel Markovitz is always pleasant. This was also the episode we announced we were on the home page of iTunes. This is something that we could not have accomplished without our growing community.

After this, Robby took some time to talk about NoteLinQ. We launched the service on the show during Episode 18: NoteLinQ. It's no longer available, however, it pointed out some of the systemic issues within the industry. The fact that it is no longer available highlights a few key things, a lack of operational execution and lack of capital. Robby parlayed the experience into a further understand of choosing the right things to go after in business and life.

We continue review some of our favorite shows and guests that have graciously appeared on the show. After musing for a bit, we land on our collective opinions on what the first 100 episodes of the show have been. It wouldn't be prudent to view any one episode in isolation. The experience and knowledge we look to impart to ourselves every time we hit record is something we think will bring value to others.

At the foundation, the core, of progress you have first principles. Fundamental truths that when observed and practiced almost guarantee a harvest. For us, for these first 100 episodes, those first principles have been consistency, omnipresence, and goals.

Whether you've been here since episode 1 or 100, thank you for being apart of the Note MBA community. Here's to the next 100.

Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen to this Week’s Show to Learn:

• About that time Robby was covered in bandages
• What each guy feels is the overarching message of the first 100 shows
• Which show title has Robby most concerned
• How did the voting go on the survey to sell or keep the condo in Vegas
• And much more!

• 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