We open by giving a recap on our experience at Note Expo; if you weren’t able to make it this year, we’d suggest you pencil it in for 2016. The event gave some great high-level information on the real estate markets and on the note investing industry as a whole.
We were quite thankful that the event was devoid of a bunch of “selling” as is common among many of these industry events.
After reading through a variety of e-mails and being able to speak with some investors in person we have selected Joe Martin from San Antonio, TX as our investor that we will be helping to build up his note investing business.
In expanding our listener reading list we are adding a book that we were just provided by our friend and peer Fuquan Bilal over at NNG, Turning Distress Into Success (This book is not yet available via Amazon.com, we’ll keep you posted on when it becomes available).
We’ll be getting a good recap out after we have a chance to read it. In addition to Fuquan’s new book, I have tasked Chase with ordering us copies of a book by Sherman Arnowitz; we’re finding it humorous that both of these books are by guys that are focused on investing in the 2nds space, along with a previously reviewed book by Gordon Moss.
A little tidbit for our new investors out there, if you’re going to spend the money to attend these marketing events, but if you’re going to attend, then spend the money to get some business cards made for yourself.
They don’t have to look pretty, and ugly is better than nonexistent.
Getting into this weeks note business updates, we’re still working on our Cleveland, OH loan forbearance/modification in hopes that we can move him into doing an FHA 1023 refi on the loan. This one will be a work in progress over the next few months, but we’ll be sure to keep you updated as it moves along.
Our property in Marshall, TX that went to foreclosure sale came back to us as an REO, now we’re just waiting for title to get issues and we will be on the ground working on our disposition plan.
If anyone is interested, feel free to drop us an e-mail.
Lastly for our update is a motion filing for assignment of rents for a condominium we own the note on in Orlando, FL. This is the first filing for an assignment of rents, so we’re not certain that the cost/reward ratio is going to end in our favor.
However, it will be chalked up as a learning experience either way and will make for some good content down the road as motion works itself through the system.
We also wanted to say, “Happy Birthday” to Chase’s daughter.
If you want to chime in, have any questions, or comments send them our way at firstname.lastname@example.org.
Listen to this week’s show and learn:
- Our Overall Thoughts On Note Expo
- Number One Take-Aways From Note Expo
- Who We Picked For The Our Coaching/Mentor Program
- Updates On Some Recent Note Deals
- Whether Having Cards At An Event Matters
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Thanks for listening to our show! We’ll be back next Wednesday morning.
Chase & Robby