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, real-world case studies, and insider insights to systematize and grow your note business. It's time to cash flow without tenants, toilets, or trash.
Episodes
43 episodes
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 non-performing loan into a reliable cash flowing asset. In this episode, we break down the modif...
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 loss. In this episode, we walk through every path available to resolve a non-performing ...
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 research property tax status before you close and why getting it wrong can cost you your ...
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 to determine property occupancy before you close and why it changes everything about ...
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 keeps your equity math from falling apart. In this episode, we break down the full spectr...
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 almost anything else. In this episode, we break down how to read a credit report and what ...
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 episode, we break down how to use a title report to surface every lien, judgment, and enc...
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 documents that transfer every mortgage note and why verifying the chain of title before ...
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 this episode, we break down the two fundamental resolution paths in note investing a...
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 someone who learns expensive lessons. In this episode, we break down the pricing log...
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 break down how to structure an offer that works whether you're competing with other buyer...
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 into cash flow.🔍 What you’ll learn: ✅ Why second liens behind a c...
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 to decode borrower behavior, motivation, and leverage hidden in plain sight.
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, we break down how to read a credit report like a roadmap, revealing borrower mot...
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 triangulation reveals the real situation behind a mortgage note and...
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 quietly destroy your deal before you ever collect a payment.🔍 What you’ll...
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 legal position and avoid getting wiped out before you ever collect a payment.
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 true property value, protect your lien position, and build a due diligence proce...
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, we break down a first-pass due diligence system designed to eliminate weak loans...
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 disciplined bids.In this episode, we break down how to read seller tapes the right...
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 break down how to properly vet note sellers — and why seller quality, tran...
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 primary sourcing paths in note investing — brokers versus direct selle...
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 script on traditional investing and show why the real edge isn’t managing build...
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 away the noise around rentals and flips and explain why mortgage notes quietly rew...