Skip to content
FIXnotes
Notes for Sale|Learn Notes|Book a Call|Dashboard
Free Training

Learn Mortgage Note Investing

Free video courses covering everything from note investing basics to building a scalable real estate portfolio.

The $1M Real Estate Roadmap

4 lessons54 min

Learn how to build a 7-figure portfolio and a lucrative career using non-performing mortgage notes. Instead of owning properties, you become the bank — owning the debt secured to homes, earning cash flow without tenants or repairs, wholesaling deals for quick profits, and fixing non-performing notes for outsized returns. 14 years of mortgage note investing experience distilled into four lessons.

1
Lost to Finding Your Purpose
From lost college student to full-time note investor — the five-step model that replaced rental headaches with laptop-based cash flow.
10 min2
Choose Your Path
Three paths to wealth with mortgage notes — passive performing note income, active NPL returns, and capital-free entry through matchmaking.
17 min3
Build Your Modular Machine
The modular note investing machine — a repeatable cash flow system built over $992K in trial-and-error, generating $11K+/day since 2011.
12 min4
Bring In the Deal Flow
How to build predictable, repeatable deal flow — from seller relationships and infrastructure to exclusive access to institutional loan portfolios.
15 min

Mortgage Notes 101

3 lessons55 min

Everything you need to know to understand mortgage notes, how NPL investing works, and the role of note brokers in the secondary market.

1
What Is a Mortgage Note?
Understand the legal instrument at the heart of note investing — the promissory note, deed of trust, and how they work together to secure a loan.
5 min2
How NPL Investing Works
Learn how NPL investing works — from the win-win-win philosophy to first vs. second liens, exit strategies, and real-world case studies.
20 min3
Brokering & Matchmaking Notes
Learn how to build a lucrative note business without investing your own capital by becoming a mortgage note matchmaker who connects buyers and sellers.
30 min

How to Invest in Mortgage Notes

4 modules23 lessons2 hrs 44 min

Free comprehensive course covering the full note investing workflow — from setting up your business to acquiring, analyzing, and resolving non-performing loans.

Foundations of Note Investing
5 lessons31 min

Build on the basics — understand the full note investing business, its history, asset types, strategies, and how to set up your company to start buying notes.

1
Introduction & Course Overview
What this course covers, who it's for, prerequisites, and what you'll be able to do after completing it — your roadmap to mortgage note investing.
5 min2
Life Cycle of a Note
How a mortgage note is originated, becomes non-performing, gets charged off, sold to investors, and resolved — the full lifecycle every buyer must know.
6 min3
History of the Opportunity
How the secondary mortgage market developed from medieval property law to the modern opportunity for private investors buying non-performing notes.
6 min4
Note Investing Today
How to identify different types of notes on the market and choose the right investment strategy for your situation, risk tolerance, and capital level.
7 min5
Setting Up Your Business
How to choose your entity type, name your company, and set up the essential tools and accounts to start buying mortgage notes professionally.
7 min
Acquisitions
5 lessons34 min

Learn how to find mortgage notes for sale, evaluate sellers, read loan tapes, price assets, and build a repeatable deal pipeline.

1
Sources of Mortgage Notes
The full supply chain of mortgage notes -- from banks and hedge funds to exchanges, brokers, and the FIXnotes marketplace.
7 min2
Vetting Your Loan Seller
The four critical questions to ask every loan seller before spending time or money on due diligence — and how the answers reveal deal quality.
6 min3
Reading the Data Tape
How to read a loan tape, understand key data columns, and quickly filter a portfolio down to your criteria before spending time on due diligence.
7 min4
How to Price & Submit Bids
Pricing methodologies for performing and non-performing notes, bid templates, and the difference between indicative and final offers.
7 min5
The Note Investor Funnel
How to build a repeatable pipeline from sourcing leads to closing deals and systematize your acquisition process for consistent deal flow.
7 min
Due Diligence
6 lessons46 min

Master the research and analysis process — from collateral review and title search to property valuation and borrower profiling — before you fund a deal.

1
Due Diligence Overview
Due diligence framework for note investors -- from free pre-bid screening to vendor analysis -- so you spend money only on loans worth buying.
7 min2
Auditing the Collateral File
The four documents you need to legally own and enforce a mortgage note -- and the audit process that ensures you have them before you fund.
8 min3
Title, Taxes, and Liens
How to research title ownership, check property tax status, identify encumbrances, and verify your modeled equity position in the public record.
8 min4
Property Value and Condition
Property valuation methods for note investors -- from free AVMs to paid BPOs -- plus how to assess occupancy and condition.
8 min5
Borrower Research
How to read a credit report, analyze the senior lien trade line, research bankruptcy on PACER, and extract intelligence for pricing.
8 min6
Finalizing Your Offer
How to compare due diligence findings against initial assumptions, calculate price adjustments, and submit a defensible final offer.
7 min
Resolutions & Servicing
7 lessons53 min

Everything after closing -- from servicing transfer and borrower contact to exit strategies, foreclosure, and scaling your portfolio.

1
Closing & Servicing Transfer
What happens after you buy a note -- servicer onboarding, full-service vs. client-managed servicing, and the four-step resolution workflow.
7 min2
Contacting the Borrower
How to make first contact with an NPL borrower, lead with empathy, ask the three critical questions, and present resolution options.
7 min3
Loan Modifications & Payment Plans
How to structure forbearance, interest-only mods, fully amortized modifications, and reinstatements to convert NPLs into monthly cash flow.
8 min4
Discounted Payoffs
How to structure, negotiate, and close a discounted payoff -- the fastest way to recover capital on a non-performing note.
7 min5
Deed-in-Lieu & Short Sales
Deed-in-lieu vs. short sale -- how to structure each cooperative exit strategy and determine which path fits the borrower and deal.
8 min6
Foreclosure
Foreclosure as the backstop for note resolutions -- judicial vs. non-judicial processes, key documents, timelines, and investor decisions.
8 min7
Selling Notes & Portfolio Management
How to sell performing and non-performing notes, structure partial sales, and build a portfolio monitoring system that keeps cash flowing.
8 min