Your Note Investing Strategy - Note Investing Podcast

Your note investing strategy is going to take many different forms. Some of the key factors that will inform your strategy are current and past relationships, individual skills, prior real estate experience, etc. Let's dive in on how David is planning to start growing his note investing business. One of the biggest things we'll be interested to see how David attacks note investing is DistressedPro. We recently had Brecht on the show, and we've been wanting to work the software into our business. We're really going to start digging into what is available for new avenues for inventory. We also cover a quitclaim deed issue in Ohio, requesting a tax payoff in Cook county, and more. Your Note Investing Strategy Right off the top David mentions needing to get an LLC lined up. Though he already has one for a separate real estate venture, so he knows that isn't completely necessary yet. Also, he'll be working through Robby's LLC, and working through some deals that we already have under management. This isn't an option for everyone, obviously. However, it doesn't change that everyone is going to bring different strengths and opportunities to the business that is unique to them. It's important when you're getting started to take a step back, and take stock of your those possible strengths. From there, David knows that the next step to operating a successful note business is understanding the due diligence process. That will be the next major portion of the business David will shift his focus. Then it's using DistressedPro and other resources for finding deal sources. And finally, working to refine his systems to get his business rolling in the direction to achieve the lifestyle he's after. Quitclaim Deeds In Ohio Last week, while traveling to look at assets in Baltimore, Robby got a call from his attorney regarding a foreclosure case that was supposed to happen on Friday. This call came days before a pending auction, which we all know isn't good news - it's almost always a bankruptcy. This was a unique case though. In this case the borrower, that was an LLC, decided to quitclaim the property to a third-party. This third-party then proceeded to go filed a Chapter 7 bankruptcy. The most interesting part of all of this, aside from the obvious, is that this is all above board. Its completely legal. We'll be keeping you in the loop on this deal. It's certainly one of the more unique deals we've worked on, and of course it came up in Ohio, a state that offers a ton of opportunity for note investors. Next up is a tax payoff opportunity in Chicago, how we're planning on growing the show, and more. That’s it for this week! Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at ask@notemba.com. Listen & Watch this Week’s Show to Learn: A Tax Payoff And Redemption In Cook County Ohio Foreclosure Case With A Unique Angle How A Borrower Can Extend A Foreclosure With A Quitclaim Deed... Legally Your Note Investing Strategy, And More Specifically David's Strategy Our Plans For Improving And Growing The Show And much more! Featured on the Show: DistressedPro Four Hour Work Week Thanks for watching the show! We’ll be back next Wednesday morning. Cheers, Chase & Robby Website! http://notemba.com Subscribe! http://notemba.com/iTunes Instagram! @chasethompson @robertmwoods

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