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
59 episodes
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 just as important as the research that got you there. In this episode, we walk through e...
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 trust and a seller you've kept waiting too long. In this episode, we walk through the ...
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 a skill of its own. In this episode, we break down how to structure a letter of inte...
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 break down how to evaluate a new counterparty before you commit a single dollar to cl...
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 looks. In this episode, we break down the five seller avatars in the secondary mortgage m...
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 episode, we break down the key vendors every note investor needs and how to build tho...
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 in. In this episode, we break down the four areas to monitor in your portfolio and how ...
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 systems that scale. In this episode, we break down what systematizing your note busines...
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 down as it grows. In this episode, we break down how to build a portfolio management ...
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 resolutions, and create compliance risk you didn't see coming. In this episode, we break d...
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. In this episode, we break down the two types of note sales and what drives the price ...
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 keeps a manageable situation from becoming an expensive surprise. In this episode, we b...
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 break down how the foreclosure process works and why understanding it makes you a better ...
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 full of surprises. In this episode, we break down when a deed in lieu makes sense and ...
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. In this episode, we break down how to manage a short sale from the first borrower con...
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 borrower stall indefinitely. In this episode, we break down how to negotiate a lump sum s...
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...