Real Estate Note Investing

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 this episode, we break down why an LLC isn’t just a legal checkbox, but your base of operations: it protects you when borrowers push back, signals credibility to sellers, and forces the systems that keep your deals from quietly bleeding out.

🔍 What you’ll learn:
 ✅ Why buyi...

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 debt… you’re buying a story someone told you at closing.

In this episode, we connect the promissory note, the mortgage (or deed of trust), the assignment, and the allonge into one legal chain — and explain why a single missing link can turn a “secured” deal into a courtroom cleanu...

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 coverage exists across the entire lien stack, you’re not underwriting a deal… you’re guessing how the borrower will behave when pressure hits.

In this episode, we unpack Combined Loan-to-Value (CLTV), why it’s one of the first filters seasoned investors use, and how it quietly predic...

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 c...

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 down over time. Without modeling it, even experienced investors can misread equity, yield, and exposure.

In this episode, we break down how amortization really works and why it should be baked into every underwriting, workout, and partial-sale decision you make.

🔍 What you’ll...

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 becomes a gamble.

In this episode, we show you how to build your personal buy box — the specific note types, property profiles, and borrower situations that match your goals and your skill set.

🔍 What you’ll learn:
 ✅ How to define your ideal lien position, performance statu...

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 wrong.

In this episode, we break down the real risks in note investing and how disciplined underwriting, reserves, and documentation turn uncertainty into a scalable advantage.

🔍 What you’ll learn:
✅ Why borrower default isn’t the real risk—poor preparation is
✅ How leg...

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 payment.

In this episode, we break down the core elements that separate strong, controllable notes from costly, time-draining disasters.

🔍 What you’ll learn:
✅ Why clean collateral files matter more than pricing when enforcing a loan
✅ How low LTV and built-in equity cr...

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 framework for sourcing, analyzing, managing, and scaling mortgage note investments with clarity and control.

🔍 What you’ll learn:
✅ Why investing in mortgage notes creates cash flow without the headaches of tenants
✅ How becoming the bank removes the need for toilet...

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 framework for sourcing, analyzing, managing, and scaling mortgage note investments with clarity and control.

🔍 What you’ll learn:
 ✅ How to quickly filter loan tapes and focus only on viable assets
 ✅ The due diligence steps that protect your capital—and your sanity

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.

In this episode, we decode the key terms every investor must know to operate with confidence, avoid critical mistakes, and build credibility in the note space.

🔍 What you’ll learn:
 ✅ The essential documents that prove ownership and enforceability
 ✅ Why ass...

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 what “default” really means and show how it opens the door to leverage, negotiation, and high-margin deal-making when approached with the right mindset and systems.

🔍 What you’ll learn:
 ✅ Why default is not a failure—but a signal of opportunity
 ✅ How note investors u...

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 investment roles — acting like the bank (note investor) versus acting like the landlord (property owner) — and dig into how to decide which path (or blend) fits your goals.

🔍 What you’ll learn:
 ✅ Why owning the note (being the bank) offers cash flow without...

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 — and explain what each one means for your rights, risks, and returns.

Learn how to read a note like a pro, spot red flags in assignments, and ensure the contract you’re buying is enforceable.

✅ The 4 essential documents in every note deal
✅ Why the promissory note is king...

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 mortgage notes, and how each position changes your strategy, your risk, and your potential return.

Learn how the lien stack works, what happens in foreclosure, and why smart investors don’t always chase the top position.

✅ What “lien position” actually means
✅ Risks and rew...

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 origination to resolution, and explain what collateral really means in this business.

Learn how notes are created, sold, and serviced — and why understanding the documentation behind each deal is critical to protecting your investment.

✅ What’s actually in a note and mortga...

Which is better: steady cash flow or steep discounts?
In this episode, we compare performing and non-performing mortgage notes — breaking down the pros, cons, and strategic plays behind each.

Learn how investors generate income from performing loans, why others prefer to roll up their sleeves with non-performers, and how to build a portfolio that aligns with your goals.

✅ What makes a note “performing” or “non-performing”
✅ ...

Banks lend money — they don’t chase borrowers. In this episode, we break down why banks sell mortgage notes (often at a steep discount) and how investors like you can step in to profit.

Learn how to source notes directly from institutions, what motivates banks to sell, and how you can position yourself as a serious buyer in the secondary mortgage market.

✅ Why banks offload “bad debt”
✅ The hidden opportunity in non-performing lo...

Tired of tenants, toilets, and turnover? In this kickoff episode, host Rob Hytha shares how he went from fixing properties to fixing debt — and why investing in mortgage notes is the real estate strategy most investors never hear about.

Learn how to buy debt instead of property, get paid like a bank, and build real income without the landlord headaches.

✅ What a mortgage note is
✅ How note investing compares to rentals
✅ Why ...