224: The Benefits of Being a Leinlord with Bob Fraser

Published: July 1, 2019, 2 p.m.

b'Bob Fraser is on a mission to help investors take advantage of one of the most effective and overlooked avenues of real estate investing: residential mortgage notes. As Founder and Principal of Aspen Funds, Bob has purchased more than 1,000 mortgage notes earning double-digit annual returns without the risk and volatility of traditional investing options.
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\\nBob has personal experience with the unpredictable nature of public markets. In the 90\'s, he launched a tech company, raised $44 million in venture capital, and grew it to over 300 employees. Then the tech bubble burst and he transitioned to finance and investing, becoming CFO for several organizations and running a hedge fund. In 2012, he met business partner Jim Maffuccio, and the two found an alternative way to invest in real estate without the volatility of traditional options. By purchasing discounted residential real estate notes in the American
\\nheartland they discovered a high yield, liquid, asset-secured investment that produced consistently superior returns without all the risk. Better yet? They could work with homeowners to help them stay in their homes. Everyone wins.
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\\nWith Aspen Funds, Bob uses his 20-plus years of experience in finance to oversee the company\\u2019s mortgage note portfolios. A Magna Cum Laude graduate in computer science from U.C. Berkeley and former Ernst & Young Entrepreneur of the Year Award-winner, Bob often makes bold, contrarian predictions about the economy and technology, most of which have already come true.
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\\nKey Points
\\nInvesting in mortgage notes
\\nBeing a "leinlord" vs. a landlord
\\nHow to buy mortgage notes
\\nBuilding a virtual business
\\nLightning Questions
\\nWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?
\\nBob knew nothing about investing in mortgage notes. He partnered with someone who brought that expertise.\\xa0
\\nDo you have a personal habit that contributes to your success?
\\nBob and his team are patient with deals and stick to their philosophies
\\nDo you have an online resource that you find valuable?
\\nNetworking tools like LinkedIn
\\nWhat book would you recommend to the listeners and why?
\\nRich Dad Poor Dad by Rober Kiyosaki
\\nIf you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
\\nConsider investing in notes.\\xa0
\\n"A good plan violently executed today is better than a perfect plan executed next month" - George Patton
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\\nResources
\\nVisit Audible for a free trial and free audiobook download!
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\\nFree Resources including Bob\'s economic forecast presentation
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\\nAspen Funds'