About This Show
The Note MBA Podcast aims to show you an inside story of two guys who have jumped head first into the defaulted note business. Follow us as we share our grassroots education in note investing and this expanding community of investors. Learn all while one half travels the world in pursuit of every location independent entrepreneur’s dream and the other expands his love for business and family enough to fill the great state of Texas. We’re here to show you that you’re never alone in the note business. Join us every Wednesday to find out what we’re up to now.
Most Recent Episode
095: Replacing a Six Figure Income with Real Estate Investing
2 days ago
[smart_track_player url="http://traffic.libsyn.com/notemba/NMBA-Episode-95.mp3" title="" artist="Note MBA" ] Many of our listeners dream of leaving their corporate job, and making the transition into full-time real estate investor. Today we talk with a guy about replacing a six figure income with real estate investing. Wayne Snell used to work over 80 hours a week as the VP of Marketing for a large cloud based software company called Trintech. He has been investing for over 10 years with a focus on Non-performing notes for the last 5 years and was able to replace his 6 figure annual income in that timeframe through real estate investing. He now runs and is the President for his own Note Business called Platinum Ventures. Platinum Ventures is a private real estate investment company focused on the purchase of single-family residences and real estate notes to produce above-average, safe and consistent returns for their partners. Chase starts out the interview by asking Wayne to recollect his early years in real estate investing and how he was able to juggle his 80+ hour a week job and his growing business with Real Estate Investing. Part of this conversation is about how to stay motivated when you’re still working a full time job. A big part of this is sacrificing your personal time outside of work whether it be going out drinking while you’re on a work trip or skipping a night out with friends back at home so you can focus on building your dream (and leaving the 40 to 80 hour a week job you hate!). Fast forward to the present and Wayne is now focused on adding a 100 notes to their portfolio this year! They go on to discuss: What a contract for deed (a.k.a. a Land Contract) is and how Wayne attacks these How to deal with higher risk borrowers When to use your attorney in specific situations How to drive up your yields on contract for deeds - Wayne targets a minimum of a 24% return total and they typically see a return above 30%
Rated 5 out of
This is the best kind of mba
I had never thought about trading house notes before. However, Anyone in who invest needs to listen to Chase and Robert. They have uncanny insight and are wonderful at the explaining topics.
Date published: 2015-01-21
Rated 5 out of
Great Podcast Guys!
Hey Guys - I am LOVING each episode of your Podcast and can't wait for MORE!
Date published: 2015-02-02