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
148: The 5 Best Ways To Lose Money In Note Investing
The 5 Best Ways to Lose Money in the Note Business Intro #5 - Investing Your Last Dollar Twofold -- you have to keep money on hand for holding costs and workout expenses. If you have $50k to invest, you better not buy a $50k deal or you are going to stuck holding that deal forever. Your servicer’s kids need to eat too, you know. You also do not want to invest the last of someone’s savings. These will be the investors that constantly want to check in and see how things are going. They need to know their last pennies are OK so they need to hear — repeatedly — that all is well. You want the guy with enough invested overall that by the time he gets around to checking in with you, you’ve already emailed him an update. Then once he’s sure you’ve got it together, he brings you more $$. #4 - Sloppy Due Diligence We all know where to start -- beds, baths, square footage, sale comps… But there are things you could be overlooking that might not be a big deal if you budget for them or might make your deal a total loss: Do you CALL on the taxes? County websites are not great, even if some are better than others. You cannot be sure that looming tax certificate or tax deed sales are posted. You also cannot be sure that the county website details what city taxes, school taxes or even local sewer charges might be delinquent. You have to call and you have to ask the right questions. Do you call code enforcement to see if fines are accumulating? I’m not sure everyone understands how quickly these charges can get out of control. We are currently foreclosing on a FL condo that has had a torn screen on the patio for years. Her outstanding town lien is over $600k. (We’ve been assured that since the town has not had to actually spend money on the issue, it will be wiped out with the foreclosure. I’m choosing to believe that until proven otherwise.) Other issues — like forcing the town to come mow the lawn — are easy fixed even though you don’t yet own the house. I’d much rather pay $100 a month during fore
Episodes of This Show
Dec 13, 2017
Nov 29, 2017
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 2 out of
Lots of words, not much content
Most shows have about 2 mins of content, the rest is just talk, talk, talk that adds no value. Edit, get to the point
Date published: 2018-01-12
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