All Forum Posts by: Robert Hytha

Thank you Chris! We're putting out a lot of YouTube videos lately, just search "FIXnotes"

Thanks for the shout-out @Lauren Sanford! 

I agree with @Chris Seveney, anyone who says that investing in notes is risk-free isn't being honest with you. Of course there are risks with any investment. However, in my opinion - most of those risks can be mitigated with proper due diligence.

We like 2nd liens better than 1sts for a few reasons:

- more diversification potential (lower cost / lower UPB)

- 1st lien-holder helps protect all subsequent lien-holders by ensuring taxes are current

- typically secured by higher value collateral (in my experience)

But Chris is right, as equity is threatened by falling home values - 2nd liens are the first to go from a high-value full equity deal to partial equity or underwater. 

If links aren't allowed by the mods - please advise, but I put together the results of our last ~18 months of NPL sales (both 1st & 2nd liens) here: https://docs.google.com/spreadsheets/d/e/2PACX-1vQehoJeqJrWs...

As you can see on the google sheet above, the average NPL sale price has been 52.89% of the UPB over the last 277 assets sold.

So true, and any aggregated list of all of the various fund options will need to some serious disclaimers about investor due diligence & liability. 

Quick update on my progress so far @Bradley Rosenberg - I have created a webform to collect all the Fund details & sent it out to some of the members of our mastermind group who run Note Funds for their input (Aspen, etc)  

I hope to have some feedback and begin building out the page next month - stay tuned!

Solid list, thank you @Bradley Rosenberg!

Nice, thank you @Bradley Rosenberg. So far I'm thinking:

expected yield

years in operation

operator experience

asset class targeted (1st, 2nd, RPL, NPL, etc)

accredited/non-accredited opportunity

assets under management

anything else you would be interested in?

Hi @Bradley Rosenberg - I love this idea! I just put it on our roadmap for the FIXnotes website to put something together.

Here are a few Note Funds that we will include:

- Aspen Funds

- Bequest Funds

- Earnest Investing LP

- NNG Capital Fund

- PPR Capital Management

- Seveney Investments

Let me know what detail you would like us to research & include in the comparisons. I'm thinking yield, years in operation, operator experience, asset class targeted, accredited/non-accredited opportunities, assets under management, etc

Let me know what else you think is necessary to include!

Welcome back! Great choice focusing on mortgage note investing (best way to get into real estate in my opinion).

Would love to hear your thoughts on the strategy you'll pursue to get into the secondary mortgage market.

What type of loans (1st, 2nd, performing/non-performing, state-specific, etc)? 

Where are you sourcing product & what exit strategies do you think you'll focus on?

Quote from @Joe Villeneuve:

1 - If you want to get confidence in writing, great.  My first question is what will you write about...specifically?

2 - Putting your self out there for potential partnerships sounds great, however, who are you putting out there?  What will others be seeing that will make them want to partner with you?

3 - What purpose is there to document your journey for all to see?

4 - Why do you think owning your own forum is better than using one (BP) for free?

A website, doing what you are describing, is a lot more of a time commitment than you think.

There are many, many, websites that are looking for people to write articles on them, that others will use for free on their sites as content, and they must give you credit on their site as the writer or they can't use the article you wrote as content.  This is much more effective since you can get (for free) your article plastered on many, many websites...instead of just your own.

If someone wants to partner with you, they are looking for someone that can provide something that they are missing.  Before you can "put yourself out there", you need to develop that "something".

I'm not writing this to shoot down your idea, or stop you in your tracks.  I just don't want you to waste your time, and money on something that you are not quite ready for ...yet.

Personally I have been part of a team that had bought, managed and monetized over 10,000 non-performing mortgage notes so my own blog covers that experience. I have documented 93 case studies on my youtube channel from these deals. 

For Juwan, before he gains the experience - I think it’s the long game. A decade from now, he’s going to have a body of work that speaks for itself - a documented track record that shows commitment, consistency and growth.

You’re absolutely correct though - posting on BP will bring more traffic and be a much lower barrier to entry than building your own site. I have opted to build a personal/business site because long term, it gives me a bit more credibility and I have already reaped some of the benefits and expect this to continue as the brand strengthens.

Loving the discussion, thanks Joe!

Quote from @Joe Villeneuve:

Why do you suggest setting up a Blog and writing content for it?

My reasons for writing a blog are:
- developing confidence & writing ability
- putting yourself out there for potential partnerships and deals
- documenting your journey for your own reflection and growth (“deal diary”)
- owning your platform (posting on forums like this offers the same benefits but you don’t really own it - more potential in the future if you develop a website of your own)

I might be missing some other reasons but overall if you are a quick on the keyboard (another skill to develop), it isn’t a major time commitment and can certainly create opportunities that wouldn’t otherwise be available.