224: The Benefits of Being a Leinlord with Bob Fraser

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Bob Fraser

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.

Bob 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
heartland 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.

With Aspen Funds, Bob uses his 20-plus years of experience in finance to oversee the company’s 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.

Key Points

  1. Investing in mortgage notes
  2. Being a “leinlord” vs. a landlord
  3. How to buy mortgage notes
  4. Building a virtual business

Lightning Questions

  1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
    • Bob knew nothing about investing in mortgage notes. He partnered with someone who brought that expertise.
  2. Do you have a personal habit that contributes to your success?
    • Bob and his team are patient with deals and stick to their philosophies
  3. Do you have an online resource that you find valuable?
    • Networking tools like LinkedIn
  4. What book would you recommend to the listeners and why?
    • Rich Dad Poor Dad by Rober Kiyosaki
  5. If you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
    • Consider investing in notes.

“A good plan violently executed today is better than a perfect plan executed next month” – George Patton

Resources

Visit Audible for a free trial and free audiobook download!

Free Resources including Bob’s economic forecast presentation

Aspen Funds

 

 

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