Investor Strategy
Investor Strategy
Encyclopedia terms, articles, and lessons about investor strategy.
Articles
March 12, 2026
ArticlePerforming vs Non-Performing Notes: Which Strategy Is Right for You?
Compare performing and non-performing mortgage notes — pricing, returns, risk, and time commitment — to choose the right strategy for your goals.
March 9, 2026
VideoHow to Earn a Living in Mortgage Notes With No Money
Earn a living in mortgage notes with no capital. The earn-and-learn model: provide services, connect buyers and sellers, and build deal flow.
March 5, 2026 · Ep. 29
PodcastVacancy vs Occupancy
Vacancy vs. occupancy in mortgage note investing. How occupancy triangulation reveals the real situation and determines your resolution strategy.
March 4, 2026
VideoFinding Your Niche in Mortgage Note Investing
Find your mortgage note investing niche with a three-step framework: assess your abilities, gain experience, and specialize your buy box.
March 3, 2026
ArticleWhat Returns Can You Expect from Mortgage Note Investing?
Mortgage note returns range from 8-12% yield on performing loans to 20-100%+ IRR on non-performing workouts. Real case studies and data inside.
February 20, 2026
VideoMortgage Note Investing Explained in 5 Levels
Mortgage note investing at five levels: from a simple IOU to scaling a professional note business with operational systems and fund structures.
February 6, 2026
Video6 Ways to Profit from Non-Performing Notes
Six NPL exit strategies for note investors: discounted payoffs, loan modifications, short sales, deed-in-lieu, foreclosure, and note-on-note resale.
January 26, 2026
ArticleThe Downsides of Mortgage Note Investing (And Why They're Worth It)
Five real downsides of mortgage note investing — reinvestment risk, deal sourcing, leverage limits, licensing, and counterparty management explained.
January 19, 2026
ArticleHow to Invest in Mortgage Notes: The Complete Guide for 2026
Learn how to invest in mortgage notes — from sourcing and due diligence to pricing, closing, and post-purchase strategy. The complete guide for new and.
January 8, 2026 · Ep. 20
PodcastWhy 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.
December 18, 2025 · Ep. 14
PodcastHow to Set Your Investment Criteria
Note investing criteria: how to define what you buy and why, so every deal fits a repeatable strategy instead of becoming a gamble.
December 16, 2025 · Ep. 13
PodcastRisk vs. Reward in Note Investing
Risk vs. reward in note investing: why chasing yield fails and how understanding risk, control, and position protection drives consistent returns.
December 11, 2025 · Ep. 12
PodcastWhat Makes a Good Note
What makes a good mortgage note? The key attributes that protect your investment and set up profitable exits before you ever collect a payment.
December 9, 2025 · Ep. 11
PodcastCash Flow Without Tenants
Mortgage notes generate cash flow without tenants, toilets, or property management. How note investors earn passive income from debt, not real estate.
December 4, 2025 · Ep. 10
PodcastIntro to the FIXnotes System:
Building a successful note business takes more than finding good deals — it takes a system. Learn the FIXnotes framework for repeatable results.
December 2, 2025 · Ep. 9
PodcastKey Terminology from the FIXnotes Dictionary
Mortgage note terminology decoded. The key terms every investor must know to navigate negotiations, due diligence, and loan servicing.
November 25, 2025 · Ep. 7
Podcast"Be the Bank" vs. "Be the Landlord"
Note investing vs. rental properties compared. Understand the risk, return, and management tradeoffs between being the bank and the landlord.
November 6, 2025
VideoWhat Happens When You Buy Your Neighbor's Mortgage Note?
Buying a mortgage note means stepping into the lender's shoes, not becoming a landlord. Why note investing creates wins for investors and communities.
November 5, 2025 · Ep. 1
PodcastFoundation and Introduction to FIXnotes
Mortgage note investing explained: how fixing debt replaces fixing properties, and why notes are the real estate strategy most investors never hear about.
Lessons
11223344455
Introduction & Course Overview
Foundations of Note Investing · Lesson 1
Lost to Finding Your Purpose
The $1M Real Estate Roadmap · Lesson 1
How NPL Investing Works
Mortgage Notes 101 · Lesson 2
Choose Your Path
The $1M Real Estate Roadmap · Lesson 2
History of the Opportunity
Foundations of Note Investing · Lesson 3
Brokering & Matchmaking Notes
Mortgage Notes 101 · Lesson 3
How to Price & Submit Bids
Acquisitions · Lesson 4
Note Investing Today
Foundations of Note Investing · Lesson 4
Bring In the Deal Flow
The $1M Real Estate Roadmap · Lesson 4
The Note Investor Funnel
Acquisitions · Lesson 5
Setting Up Your Business
Foundations of Note Investing · Lesson 5
Encyclopedia Terms
Additional Insured
An additional insured is a party added to a property insurance policy who receives coverage without being the policyholder — essential for note investors.
Bid-Ask Spread
The bid-ask spread is the gap between a buyer's offer and a seller's asking price for a mortgage note, reflecting market liquidity and pricing.
Contingency
A contingency is a contract condition that must be met before the buyer is obligated to fund. Contingencies protect note investors during the due.
Contract
A contract is a legally binding agreement creating enforceable obligations. Key note investing contracts include the LPSA, promissory note, and loan.
Cost Basis
Cost basis is the total amount paid to acquire a mortgage note, including purchase price and transaction costs, used to calculate gains or losses.
Credit History
Credit history is a borrower's record of borrowing and repayment. Note investors use it to assess senior lien status, payment patterns, and resolution.
Credit Report
A credit report shows a borrower's trade lines, payment history, public records, and FICO score. Note investors use it to verify senior lien status and.
Discount Rate
The discount rate is the interest rate used to calculate the present value of future cash flows from a mortgage note — critical for pricing decisions.
Exit Strategy
An exit strategy is the planned method for resolving a note and recovering capital, including modification, DPO, deed-in-lieu, foreclosure, or note sale.
Good Faith
Good faith means honest, fair dealing between parties — a standard that applies to note acquisition, borrower negotiations, and regulatory compliance.
Internal Rate of Return
IRR is the annualized rate of return that makes the net present value of all cash flows from a note equal to zero — the standard note performance metric.
Investor
A note investor purchases mortgage debt on the secondary market, generating returns through borrower payments, loan workouts, or resale of performing and.
Lessee
A lessee is the tenant occupying a property under a lease. Identifying tenant-occupied collateral is a key due diligence step affecting foreclosure and.
Net Present Value
NPV is the difference between the present value of expected cash flows and the acquisition cost of a mortgage note — positive NPV means a profitable deal.
Paper
Paper is industry slang for promissory notes and mortgage notes traded on the secondary market, covering both performing and non-performing loan assets.
Partial Sale
A partial sale lets a note holder sell a portion of future cash flows to recover capital while retaining ownership of the remaining payments.
Yield
Yield is the total return earned on a mortgage note investment, expressed as an annualized percentage and used to compare notes across different terms.
Yield to Maturity
Yield to maturity is the total annualized return on a mortgage note if held until the borrower pays the full balance — the most common yield measurement.