Bob Repass is a 25-year veteran of the seller finance and note investing space.  Over his career, he has purchased over 40,000 performing and non-performing mortgage loans totaling over $2 billion in volume. He brings a tremendous amount of expertise to show, and we really enjoyed talking with him during the expo - and on today's show.

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Bob Repass

Bob Repass has had an impressive career. Even more impressive is how quickly he rattles off many of the highlights during the interview. Some of the highlights he mentions are starting with Associates Financial Services in 1997.

From there he mentions moving on the Bayview Financial, and that is where the fun starts. Bob casually mentions buying over $300 million a year in seller finance notes. I couldn't let me just walk past that - which I've been told says more about me often times. As an aside, I find it incredibly interesting when you're in a conversation with someone, especially when others are present, and someone drops some knowledge like that. Then everyone just smiles and nods like they know full well what that feels like.

It's ok to be in awe of something you haven't experienced. It doesn't make you seem like less of a business person to ask questions about things like this. That is my opinion at least. Rant over.

So, he moves on to buying a tremendous volume of deals over the course of 8 to 10 years. Then when Eddie Speed wants to start a capital fund, who else is there to call but Bob Repass. So, they've been running that operation since about 2012.

Past, Present, & Future

Framing up Note Expo 2017 was entirely focused on the past, present, and future of our industry and the market. The biggest takeaway was the shift many of the bigger players see market headed.

During the event, there were numerous panels and presentations about what different people were doing cradle to grave with their deals. Which lends itself to many different talking points. Obviously, if we start with the cradle piece of that analogy, we can get an idea of what kind of deal these people are primarily focused on, and where are they getting them. From there we can go through potential workout strategies on deals, all the way through to full disposition.

That’s it for this week! Thanks for listening everyone and as always, if you have any questions, comments or potential deals to send our way, email us at [email protected].

Listen & Watch this Week’s Show to Learn:

• What It Feels Like To Go Through Over $300 Million In Loan Acquisition
• If You Don't Have A Seat At The Table, You're On The Menu
• Interviewing A 25 Year Veteran In Note Investing
• If You Have A Big Checkbook You Can Go Buy The Market
• Upcoming Events & Real Estate Travel Plans
• And much more!

Featured on the Show:

• Note Investing Academy
• CFPB Woes
• Recent Foreclosure Data
• Note MBA Facebook Page
• Due Diligence Pro
• Hardwiring Happiness

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Thanks for listening to our show! We’ll be back next Wednesday morning.

Cheers,

Chase & Robby