Shows / Real Estate Note Investing
Real Estate Note Investing
FIXnotes | Non-Performing Note Investing
Welcome to FIXnotes — the go-to podcast for real estate investors ready to level up by becoming the bank. Hosted by Robert Hytha and industry experts, we dive deep into the world of mortgage note investing — especially non-performing seconds. Learn how to source, analyze, buy, and resolve distressed debt while helping homeowners and building lasting wealth. Whether you're scaling a fund or buying your first note, you'll get actionable strategies…
Episodes
- Real Estate Note Investing
Episode 63: Escrow Advances and Corporate Advances
Most note investors know they own the debt — but fewer realize they may also need to pay the taxes and insurance on the collateral securing it when a borrower…
- Real Estate Note Investing
Episode 62: Your First 90 Days in Note Investing
Most new note investors chase deals before they have a business ready to support them — and that is exactly when things go sideways. In this episode, we break…
- Real Estate Note Investing
Episode 61: Building a Lifestyle-First Note Business
Most real estate businesses chain you to a location — but note investing can be designed around your life if you make that decision deliberately before the…
- Real Estate Note Investing
Episode 60: Raising Capital for Your Note Business
Most note investors hit a point where their deal flow outpaces their capital — and knowing how to bring outside money into the business without making costly…
- Real Estate Note Investing
Episode 59: Closing the Deal
Most note investors spend weeks on due diligence and then rush through the closing — but the purchase and sale agreement and what happens after funding are…
- Real Estate Note Investing
Episode 58: The Full Due Diligence Process
Most note investors know they need to do due diligence — but running it in the wrong sequence or with bad input data is how you end up with results you can't…
- Real Estate Note Investing
Episode 57: The Letter of Intent
Most note investors know what they want to pay — but putting it in writing in a way that protects you, impresses the seller, and actually gets the deal done is…
- Real Estate Note Investing
Episode 56: Evaluating a Seller — Trust but Verify
Most note investors do thorough due diligence on the asset — but skip the step that tells you whether the seller is who they say they are. In this episode, we…
- Real Estate Note Investing
Episode 55: Finding Deal Flow
Most note investors run out of deals before they run out of capital — because finding a consistent pipeline of acquisition opportunities is harder than it…
- Real Estate Note Investing
Episode 54: Building Your Vendor Network
Most note investors spend all their time evaluating deals — but the quality of your vendor relationships determines how well those deals actually run. In this…
- Real Estate Note Investing
Episode 53: Proactive Portfolio Monitoring
Most note investors do their due diligence before they buy — but what happens to a loan after you own it can be just as consequential as what you knew going…
- Real Estate Note Investing
Episode 52: Systematizing Your Note Business
Most note investors are good at buying loans — but the ones who build real businesses are the ones who stop doing everything from scratch and start building…
- Real Estate Note Investing
Episode 51: Building a Portfolio Management System
Most note investors focus on finding deals — but without a system to track what you own and what is happening across every asset, the business starts to break…
- Real Estate Note Investing
Episode 50: Loan Servicing
Most note investors think servicing is just someone collecting payments — but choosing the wrong plan or the wrong servicer can cost you money, slow your…
- Real Estate Note Investing
Episode 49: Selling the Note
Most note investors focus on the resolution — but knowing how and when to sell the loan itself is what keeps your capital moving and your returns compounding…
- Real Estate Note Investing
Episode 48: Borrower Bankruptcy
Most note investors don't think about bankruptcy until it happens — but knowing how it affects your lien before you buy a loan with an active filing is what…
- Real Estate Note Investing
Episode 47: The Foreclosure Process
Most note investors hope foreclosure never comes up — but if you haven't underwritten for it, you don't actually know what you bought. In this episode, we…
- Real Estate Note Investing
Episode 46: Deed in Lieu of Foreclosure
Most note investors treat a deed in lieu as a simple handshake — but accepting a deed without doing the right homework first can leave you holding a property…
- Real Estate Note Investing
Episode 45: Managing a Short Sale
Most note investors see a short sale as something that just happens to them — but as a lienholder you have more control over the outcome than you might think…
- Real Estate Note Investing
Episode 44: Negotiating a Discounted Payoff
Most note investors know a discounted payoff sounds simple — but without the right language and the right structure, you leave money on the table or let a…
- Real Estate Note Investing
Episode 43: Structuring a Loan Modification
Most note investors know a loan modification is the goal — but knowing how to structure one that the borrower can actually stick to is what turns a…
- Real Estate Note Investing
Episode 42: Resolution Strategies Overview
Most note investors know they need a resolution — but knowing which one fits the situation in front of you is what separates a smooth exit from a drawn-out…
- Real Estate Note Investing
Episode 41: Researching Property Taxes
Most note investors check the mortgage but skip the one obligation that sits in front of every lien on the property. In this episode, we break down how to…
- Real Estate Note Investing
Episode 40: Determining Property Occupancy
Most note investors underwrite the numbers but skip the question that often matters most — is anyone actually living there? In this episode, we break down how…
- Real Estate Note Investing
Episode 39: Estimating Property Value
Most note investors pull one value from Zillow and move on — but knowing how accurate you actually need to be, and when to spend more to find out, is what…
- Real Estate Note Investing
Episode 38: Reading the Borrower Credit Report
Most note investors know they need to check the property — but for a second lien holder, the borrower's credit report tells you more about your risk than…
- Real Estate Note Investing
Episode 37: Title Reports and Exceptions
Most note investors know they need to check the property — but overlooking what else is attached to it can turn a good deal into a costly mistake. In this…
- Real Estate Note Investing
Episode 36: Chain of Title and Assignments
Most note investors focus on the numbers — but if the paperwork behind the loan is broken, the numbers don't matter. In this episode, we break down the two…
- Real Estate Note Investing
Episode 35: Equity Plays vs. Cash Flow Plays
Most note investors know they want a deal — but not every deal resolves the same way, and buying the wrong type without knowing it is how returns disappear. In…
- Real Estate Note Investing
Episode 34: Calculating Your Max Bid Price
Most note buyers throw out a number and hope the math works out — but knowing how to calculate your max bid price is what separates a disciplined investor from…
- Real Estate Note Investing
Episode 33: Creating a No-Risk Bid
Most note buyers make an offer and hope for the best — but a no-risk bid protects you before you ever spend a dollar on due diligence. In this episode, we…
- Real Estate Note Investing
Episode 32: Identifying Strong Re-performance Candidates
Most note investors chase discounts — but the real money is hidden in borrower behavior. In this episode, we unpack how to spot the deals that actually turn…
- Real Estate Note Investing
Episode 31: Analyzing Borrower Pay Strings
Many note investors glance at a credit report for the score and move on — but the real insight lives inside the pay string. In this episode, we break down how…
- Real Estate Note Investing
Episode 30: Reviewing Credit Reports
Many note investors glance at a credit report for the FICO score and move on — but the real value is hidden in the borrower’s payment story. In this episode…
- Real Estate Note Investing
Episode 29:Vacancy vs Occupancy
Most note investors don’t lose on paperwork — they lose by misunderstanding who actually lives in the property. In this episode, we break down how occupancy…
- Real Estate Note Investing
Episode 28. Red Flags in Property Condition
Most note investors don’t lose on the borrower — they lose on the house they never truly evaluated. In this episode, we break down how property condition can…
- Real Estate Note Investing
Episode 27: Tax Liens & Title Search Basics
Most note investors don’t lose because of bad strategy — they lose because they didn’t protect their lien. In this episode, we break down how to protect your…
- Real Estate Note Investing
Episode 26: Understanding BPOs and AVMs
Most note investors don’t lose on strategy — they lose by trusting numbers that were never real to begin with. In this episode, we break down how to validate…
- Real Estate Note Investing
Episode 25: Preliminary Due Diligence: First Pass Filters
Most investors lose money not by picking bad notes — but by wasting time analyzing deals that never should’ve made it past the first screen. In this episode…
- Real Estate Note Investing
Episode 24: Understanding Tapes and Bid Templates
Most investors think winning note deals is about gut feel or quick math — but the real edge is having a repeatable system for turning messy tapes into…
- Real Estate Note Investing
Episode 23: Vetting the Seller
Most investors focus on analyzing the asset — but the real leverage is knowing who’s on the other side of the deal and how they operate. In this episode, we…
- Real Estate Note Investing
Episode 22: Broker vs Direct-to-Seller Sourcing
Most investors focus on finding deals — but the real leverage is where those deals come from and who controls the flow. In this episode, we break down the two…
- Real Estate Note Investing
Episode 21: How to Find Note Sellers
Most investors chase properties because that’s what they see — but the real power in real estate has always been owning the debt. In this episode, we flip the…
- Real Estate Note Investing
Episode 20: Why Most Investors Overlook This Asset Class
Most investors chase properties because that’s what they see — but the real power in real estate has always been owning the debt. In this episode, we strip…
- Real Estate Note Investing
Episode 19: Building a Note Business as an LLC
Operating without an LLC in note investing isn’t “saving time” — it’s gambling your personal assets on someone else’s paperwork and your own inexperience. In…
- Real Estate Note Investing
Episode 18: Legal Framework: Mortgage, Note, and Assignment
Paperwork isn’t “admin” in note investing — it’s the asset. If you don’t control the note, the lien, and the transfer trail, you’re not buying enforceable…
- Real Estate Note Investing
Episode 17: The Role of Equity and CLTV
Equity is more than a feel-good metric in note investing — it’s leverage, protection, and optionality. If you don’t understand how much real collateral…
- Real Estate Note Investing
Episode 16: Understanding Collateral Value
Understanding the true value of collateral is the cornerstone of safe, profitable note investing — because collateral is what ultimately protects your downside…
- Real Estate Note Investing
Episode 15: Understanding Loan Amortization
Understanding loan amortization is foundational to smart note investing — because cash flow, risk, and exit strategy are all shaped by how a loan actually pays…
- Real Estate Note Investing
Episode 14: How to Set Your Investment Criteria
Building a successful note business starts with clarity — knowing exactly what you buy and why you buy it. Without a defined investment strategy, every deal…
- Real Estate Note Investing
Episode 13: Risk vs. Reward in Note Investing
Building a successful note business isn’t about chasing yield—it’s about understanding risk, control, and how to protect your position before anything goes…
- Real Estate Note Investing
Episode 12: What Makes a Good Note
Building a successful note business starts with knowing what a good note actually is—and why the right paper can protect you long before you ever collect a…
- Real Estate Note Investing
Episode 11: Cash Flow Without Tenants
Building a successful note business takes more than finding good deals—it takes a system. In this episode, we walk through the FIXnotes System, a battle-tested…
- Real Estate Note Investing
Episode 10: Intro to the FIXnotes System:
Building a successful note business takes more than finding good deals—it takes a system. In this episode, we walk through the FIXnotes System, a battle-tested…
- Real Estate Note Investing
Episode 9: Key Terminology from the FIXnotes Dictionary
If mortgage note terminology feels like a foreign language, you're not alone—but without it, you're flying blind in negotiations, due diligence, and servicing…
- Real Estate Note Investing
Episode 8: Why Default is an Opportunity
If you’re avoiding non-performing loans out of fear, you’re likely missing the most profitable part of the mortgage note business. In this episode, we reframe…
- Real Estate Note Investing
Episode 7: "Be the Bank" vs. "Be the Landlord"
If you don’t understand the underlying investment structure, you’re choosing between very different risk profiles. In this episode, we compare two distinct…
- Real Estate Note Investing
Episode 6: Anatomy of a Mortgage Note
If you don’t understand the paperwork, you don’t understand the investment. In this episode, we dissect the core documents behind every mortgage note deal —…
- Real Estate Note Investing
Episode 5: Lien Position - 1st vs 2nd Explained
Not all mortgage notes are created equal — lien position makes all the difference. In this episode, we break down the difference between 1st and 2nd lien…
- Real Estate Note Investing
Episode 4: Meet the Collateral - The Lifecycle of a Note
You’re not just buying paper — you’re buying a contract backed by real property. In this episode, we walk through the full lifecycle of a mortgage note, from…