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.
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 when everything else goes wrong. If you misjudge value, you’re not just mispricing a deal — you’re gambling with your capital.
In this episode, we break down how to correctly evaluate collateral, why surface-level estimates are dangerous, and how experienced investors build conservative, repeatable valuation systems that survive real-world risk.
🔍 What you’ll learn:
✅ Why spreadsheet values, Zillow, and seller BPOs are only starting points
✅ How vacancy, condition, and neglect can destroy value overnight
✅ What to verify before trusting any valuation: taxes, code violations, occupancy, and title
✅ How declining or improving neighborhoods quietly change your risk over time
✅ Why “as-is tomorrow” value is the only number that truly matters
✅ How to automate valuation inputs without outsourcing judgment
This program is for informational purposes only and should be independently verified before taking action.