Note investing road trips can be a vital component to a thriving investing business. Or at least that’s what the travel loving Robert Woods and David Glinkski keep telling me. While we took off the week last week for the July 4th holiday. Woods and Glinski were traversing the Midwest in search of real estate deals.
Note Investing Road Trips
Over the July 4th holiday Robby and David did a 6 state note investing road trip. They drove through Florida, Georgia, Kentucky, Tennessee, Indiana and Ohio. This road trip took them by numerous assets that we own, or have acquired with JV investors. And assets that are on active tapes.
Only one home on this particular trip was rough, and according to David many of the assets they saw were worth taking a look at as investments.
As far as David is concerned every investor needs to make road tripping part of their business. Getting out and really putting your eyes on some assets can help you recognize some home run areas around the country. And if you’re picking just a few markets or pockets to invest in, it makes total sense to familiarize yourself with many of these areas.
In fact, they made right party contact with one of the home owners on a deal Robby invested in. And she’s ready to start making payments, and is glad to have someone to talk to on the other side.
Orlando Note Meetup
We’ve got a Note MBA Meetup group in Orlando. If you’re in the Orlando area and want to connect with other note investors, check it out.
David had a meet up with this group a few days ago, and aside from the general success of the event, many people posed some great questions. The first topic David mentioned that was covered was pricing. This is something we’ve covered on the show before, but it bares repeating.
We have the ability to control market forces with our dollar, no question. However, if every seller from here to Seattle wants to move their NPN assets for 58 cents on the dollar, your 50 cent on the dollar model isn’t going to work. It might eventually get back down to that level, but until then you’re going to either need to adjust your model, or figure something else out. Just because you think the asset prices are too doesn’t matter. What matters is your ability to adapt to the changing market environment.
We also cover questions about being licensed in Georgia, and how to talk to real estate agents regarding potentially rougher parts of town.
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 firstname.lastname@example.org.
Listen & Watch this Week’s Show to Learn:
- The Orlando Note MBA Meetup
- Is A License Required in GA
- Are Assets Currently Priced Too High
- Why You Need To Consider Note Investing Road Trips
- And much more!
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Thanks for listening to our show! We’ll be back next Wednesday morning.
Chase & Robby