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Be the Bank on Your Next Deal
No tenants. No rehabs. No paying retail for property. This is an active workout business, not passive income.
Discover the non-performing note system behind $777M+ in unpaid principal and $299M+ in notes sold — how experienced investors buy mortgage debt at a discount for monthly cash flow, lump-sum payoffs, and property at pennies on the dollar.
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Meet your host: Robert Hytha
- $777M+ in unpaid principal balance handled across 10,000+ assets
- $299M+ in note face value sold since 2011
- Founder of FIXnotes — 2,104+ investors and $3B+/mo in institutional deal flow
What you will learn
- 1
The Three Ways a Note Pays
A modification that restarts the monthly payments, a discounted lump-sum settlement, or the property itself — and why the resolution that keeps the borrower in the home is usually the fastest and most profitable of the three.
- 2
Where the Discount Comes From
What a charge-off is, why banks stop pursuing these loans entirely once their default rate climbs, and how that puts performing-equity collateral on the market at roughly 30–40 cents on the dollar.
- 3
Why Second Liens Are Underpriced
About 80% of the FIXnotes marketplace sits in junior position — still foreclosable, still secured. Walked through on a real deal: a $37,000 second behind a paying first, covered by $118,000 of equity.
If you’ve ever wondered how some investors end up collecting on houses they’ve never seen, never repaired and never rented — this is the mechanism. It is negotiation and paperwork rather than maintenance calls, but it is still work.
Investors who started exactly where you are
“Put together my first deal within 6 months of getting started — closed with a local credit union to acquire over $1,000,000 of NPLs. And I was able to get it funded with nothing out of pocket.”
“I hit a big milestone in December with a $110,000 payoff. This has streamlined my process and I only wish I had discovered it sooner because it saved me so much time.”
“A loan I bought from you back in Dec. 2023 just paid off. I got the note for around $7.5K and had about $3K in legal fees. I got notified I got paid in full. Just over $22K. More than doubled my money in less than a year.”
“I followed the FIXnotes Playbook to purchase an NPL for $1,850 ($9K balance due) and in less than 4 months, modified it for $2,000 down + $125 per month for 8 years.”
“Thanks to your mastermind, I was able to connect with Tom at Aspen and sell him a performer. Thanks for bringing a great group of investors together.”
“We earned a 400% cash-on-cash return within just 2 weeks on a non-performing loan we bought from the FIXnotes Insider's Trade Desk.”
A different seat at the same table
This is not another course about real estate. It’s the seat the bank sits in. You get paid first, you don’t take maintenance calls, and your worst case is owning the house at a price no retail buyer will ever see.