I see this constantly with newer investors: they source their own deals, run their own DD, manage the servicer, negotiate resolutions, oversee the REO process, and try to scale — all at once. The result? They burn through capital on vendors, get overwhelmed by operational complexity, and never develop a real edge in any single area. The note business rewards specialists, not generalists. There's a Japanese concept called ikigai — your reason for being. It sits at the intersection of what you love, what you're good at, what the world needs, and what you can be paid for. In note investing, two of those are built in. The world needs people who can resolve distressed debt. And the discount pricing model means you can be paid for it. The other two — what you love and what you're good at — are what separate a sustainable business from a burnout machine. Three profiles exist in this business: - The Deal Maker — unlocks opportunities through relationships and pricing arbitrage - The Operator — builds systems, SOPs, and repeatable workflows - The Networker — attracts deal flow through visibility and trust You're probably a combination, but one dominates. Knowing which one changes everything about where you focus. Full framework including how to define your buy box: https://fixnotes.com/blog/finding-your-niche-in-mortgage-note-investing

Hi Team! I'm following up on the success story I shared on the MNM call Monday. I started a post series on LinkedIn that goes over the nuances of buying notes in Georgia. It's a highly attractive state because: - It's non-judicial: after 120+ days late, foreclosure happens in 4 to 12 weeks because there is no court involvement. That means borrowers are motivated to do workouts. - It's a stable market: Georgia ranks 13 in terms of the fastest growing states; home prices are still about $100,000 less than the national average and the housing market (currently) remains steady. - It's a strong economy: diversification in employment is a strong indicator of a borrower ability to repay. The catch? You must be licensed to buy, sell, or service a note - that includes negotiating terms or accepting payments from borrowers. The exemption is that you can buy up to 5 notes a year as a "natural person" - but you cannot service your own loans. That said, there is a workaround! Read the post series: Roslind Blackmon Ray, MBA, LE or DM if you'd like to know more about the workaround.

I was at the store today and saw a gentleman with a bail bond coat. I started the conversation saying, “I bet you’ve got some stories.” He mentioned that he put liens on properties. I’m going to give him a call and inquire more. Typically, he takes the property back, but he would be interested in selling the paper. Has anyone network with a bail bond I wanna do to acquire paper? Going to need to see the contract he usually has his client’s sign.

Sold our laundromat yesterday - a weight has been lifted off my shoulders! It was a fun business when I didn’t live an hour away, but it became a hassle after moving and having kids. We found a great operator who took over the business (and signed a long term lease for the space with me, I’m still the building owner) and I’ve never been more optimistic! Focused 100% on FIXnotes - let’s go!!

Just got my first note and wanted to share the numbers. • 3 bed, 2 bath single-family home in Michigan • Owner-occupied, performing mortgage • Unpaid balance: $95k, purchased the note for $60k • Interest rate: 8% ~$695/month in cash flow • I was able to acquire it by leveraging my credit and some private funding • Now comes the fun part… getting it fixed up! 😅 Curious, would you have jumped on a deal like this or waited for foreclosure?