Intro & Prerequisites
Investing in real estate is cool. The benefits of owning cash-flowing assets and the status that goes along with it has permeated popular culture. Real estate TV shows have become hugely popular and property moguls are now icons in society. With their flashy appeal, aspiring investors are enticed by traditional real estate deals, often losing their shirt in the process! What you’re about to learn in this guide is a cheat-code to profitable real estate investing – moving up the food chain to BE THE BANK. Control real estate assets without the risk. Avoid owning and subjecting yourself to tenants, toilets, termites, trash & townships.
Investing in mortgage notes isn’t any more difficult than buying rental properties if you’re prepared with the right tools & information. In fact, in many ways it’s much easier! This guide will put you in a position to succeed but there are a few other things you’ll need (that you might already have):
- a computer with Microsoft Excel
- a basic landline or cell phone
- your own limited liability company (“LLC”)
- the FIXnotes System (optional)
Tip
In some cases, Google Sheets will work as a free alternative to Microsoft Excel
This completely free guide will teach you everything you need to know to start building your own business as an active or passive note investor. We will cover investing in 1st & 2nd liens, performing & non-performing notes, secured by single family homes, condos, mobile homes or vacant land.
AFTER COMPLETING THIS COURSE, YOU WILL:
- understand the opportunity & the language banks use to confuse the layman
- learn the types of assets available to develop your note investing strategy
- know how to find & qualify sellers – then become their best client
- become an expert researcher, analyze assets with the right techniques
- never overpay for a mortgage note, learn the secrets of negotiation
- properly onboard your loans, overdeliver for your borrowers
- earn profits by saving homeowners in need, be a problem solver
Working through all the content in this course is straightforward, there are five main categories and one bonus section to consume. If you’re on mobile, you won’t be able to see the table of contents in the right sidebar, so for your benefit – here’s a list of all of the modules available in this free course:
GETTING STARTED
Intro & Prerequisites
FIXnotes Dictionary
Life Cycle of a Note
THE MARKET
History of the Opportunity
Note Investing in 2017
Sourcing & Vetting Sellers
DUE DILIGENCE
Pre-Bid Waterfall Process
How to Make a No-Risk Bid
Advanced Due Diligence
Value
Bankruptcy
Occupancy
Title Report
Property Taxes
Credit Report
CLOSING THE DEAL
Finalize your Offer
Understand the Contract
Closing Checklist
ASSET MANAGEMENT
Seamless Servicing Transfer
Auditing your Collateral Docs
High-Level Servicing Strategy
Proactive Portfolio Monitoring
Advanced Resolutions
Discounted Payoff
Payment Plan
Sell the Note
Short Sale
Deed-in-Lieu
Foreclosure
BONUS – COMING SOON
Live Training in Philadelphia
Tax-Free SDIRA Investing
Case Studies
To get started, click the right arrow below to move on to the next module, the FIXnotes Dictionary. (If you’re new to notes, it’s highly recommended that you work through the course content in order).
Table of Contents
I would be happy to get on a call, meet in person or answer an email if you need individual attention!
Robert Maxwell Hytha
FIXnotes, LLC
Meet the Author
Robert Maxwell Hytha is the founder of FIXnotes and a partner with US Mortgage Resolution, one of the country’s premier mortgage note investment firms.
Beginning in 2011, Rob has analyzed, purchased, managed and liquidated thousands of mortgage notes. He personally operates his own portfolio of rental properties & mortgage notes.
Rob has found his passion in teaching investors a better way to invest in real estate.
Need help? Give us a call!
Real Estate News
Posted To: Mortgage Rate WatchWhile it might not seem like the sort of thing mortgage rates should care about, the senate run-off election in Georgia was by far and away this week's most important event. This wasn't a surprise either. In fact, interest... The post Have We Seen The End of Record Low Rates? first appeared on FIXnotes. [...]
The estimates in the Bureau of Labor Statistics latest numbers were only marginally higher than the previous month, which may reflect more deliberate hiring and a preholiday slowdown. The post Nonbank mortgage jobs inch up to another series record first appeared on FIXnotes. [...]
Over a decade after passage of the ATR rule, many now see that regulating a borrower’s ability to repay while not restricting credit can be a balancing act. The post The mortgage industry should build ATR rule governance appeared first on HousingWire. The post The mortgage industry should build ATR rule governance first appeared on FIXnotes. [...]
After three consecutive weeks of increases, the number of loans in forbearance fell by 92,000 the first week of 2021, according to Black Knight. The post New year sees 2.74 million loans in forbearance appeared first on HousingWire. The post New year sees 2.74 million loans in forbearance first appeared on FIXnotes. [...]
In memos to their staffs, acting Comptroller of the Currency Brian Brooks and Consumer Financial Protection Bureau Director Kathy Kraninger denounced the violence perpetrated by President Trump's supporters and said both agencies remain in operation. The post CFPB, OCC leaders condemn Capitol riot first appeared on FIXnotes. [...]
Rocket Mortgage became the first lender to use eNotes when it closed a Ginnie Mae-backed loan in December. Now, it says the market is set to see widespread eClosings of Ginnie Mae loans by the end of this year. The post Rocket Mortgage performs first eNote close on Ginnie Mae mortgage appeared first on HousingWire. The post Rocket Mortgage performs first eNote close on Ginnie Mae mortgage first appeared on FIXnotes. [...]
Georgia's election results will impact struggling homeowners and rental property investors alike, political and housing-economics pundits predict. "With Democrats securing a majority in the Senate, a number of relief measures targeted at renters strug... The post What a Democratic Senate Could Mean for Property Owners first appeared on FIXnotes. [...]
For the second consecutive month, Fannie Mae’s Home Purchase Sentiment Index dropped six points in December to 74, its lowest since May 2020. The post Consumer confidence drops for second consecutive month appeared first on HousingWire. The post Consumer confidence drops for second consecutive month first appeared on FIXnotes. [...]
A taskforce established by the Consumer Financial Protection Bureau to examine the existing legal and regulatory environment facing consumers and financial services providers released its recommendations this week – a move that prompted conflicting reactions from the housing industry and consumer groups. The post Housing industry, consumer groups clash on CFPB taskforce results appeared first on HousingWire. The post Housing industry, consumer groups clash on CFPB taskforce results first appeared on FIXnotes. [...]
Less populous areas and counties located in the Midwest and South are more likely to have more affordable homebuying than renting options, according to a report from Attom Data Solutions. The post It’s cheaper to own a home than rent in 63% of markets first appeared on FIXnotes. [...]
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