The Passive Income Attorney Podcast
Business:Investing
The Passive Income Attorney Podcast
EP 168 | Investing Like a Billionaire with Bob Fraser and Jim Maffuccio
Get ready for an eye-opening episode of the Passive Income Attorney podcast! In this episode, Seth sits down with Bob Fraser and Jim Maffuccio, the masterminds behind Aspen Funds, to discuss their unique investment model of buying non-performing second mortgages. These savvy entrepreneurs reveal how they can buy a second mortgage for as little as $1,000 and make a profit when the property is sold or refinanced. Discover how this model can produce consistent yields of up to 12%. Bob and Jim also share their insights on investing in rental property, finding good operators, and achieving financial freedom.
"Bet on growth, bet on solutions, don't bet on fear." - Bob Fraser
HIGHLIGHTS:
Here’s a breakdown of what to expect in this episode:
✅ Investing in non-performing second mortgages as a profitable investment opportunity
✅ Importance of finding good operators in rental property investment
✅ Taking action to achieve financial freedom
✅ Maintaining a healthy mind and body through self-care and exercise
✅ Overcoming limiting beliefs and staying positive and focused on goals
✅ And so much more!
🎤ABOUT | BOB FRASER:
Robert "Bob" Fraser is a finance and technology executive with over 20 years of experience who is passionate about educating others about alternative investments. In 2012, he co-founded Aspen Funds, a fund management company focused on alternative investments, where he is responsible for financial management, portfolio modeling, as well as systems and processes.
Fraser is the co-host of the Invest Like a Billionaire podcast where he joins his son, Ben, and Aspen co-founder Jim Maffuccio, to dive into the world of alternative investments and speak with successful investors. The trio also discusses economic trends, including megatrends such as inflation, energy prices and deglobalization. The goal is to empower others looking to explore less volatile investment opportunities improving their portfolio’s performance and enabling them to become more financially secure.
Prior to Aspen Funds, Fraser founded NetSales, Inc., a back-office e-commerce provider, in 1995. Under his leadership, the company grew at an average of 20% month-to-month and became the fastest-growing company in its metro area between 1997 and 1999.
A Magna Cum Laude U.C. Berkeley computer scientist, Fraser has also been honored with an Entrepreneur of the Year Award. Since 2002 Fraser has founded and served on several non-profit organizations’ boards of directors and as CFO. Fraser has also been involved in a number of entrepreneurial initiatives, including book publishing, financial consulting, and being an investment fund managing member.
🎤ABOUT | JIM MAFFUCCIO:
Mr. Maffuccio is a 30-year real estate veteran and an expert in mortgage notes. He is deeply networked in the secondary mortgage industry and is responsible for acquisitions and underwriting as well as relationships with primary sources and key vendors. Maffuccio received his degree in civil engineering from Louisiana State University in 1979. Upon graduating, Mr. Maffuccio moved to the West Coast and gained extensive project management experience with Exxon. From 1986 to present, Mr. Maffuccio has been engaged full time in the real estate development and investment industry. In addition, he has overseen several hundred purchase, sale, and/or financing transactions, and has been a licensed real estate agent since 1985.
During his real estate career, Mr. Maffuccio developed, and/or rehabbed multiple residential projects in Southern California, including infill subdivisions, affordable homes, luxury homes and homesites, multifamily, and planned developments, such as the Gold Nugget Award-winning “Traditions” community in Fillmore. Mr. Maffuccio has personally executed and/or managed every aspect of the development process, including site selection and acquisition, project conceptualization and design, procurement of entitlements and permits, regulatory compliance, entity structuring and capitalization, construction management, marketing, sales, and investor relations.
In 2009, Mr. Maffuccio began investing in mortgage loans, developing key sources and vendors and applying his extensive real estate experience to the note investment space. In 2012 Maffuccio co-founded Aspen Funds, a fund management company focused on mortgage investments.
CONNECT | BOB FRASER AND JIM MAFFUCCIO:
✅ Website: aspenfunds.us
✅ Bob’s linkedIn: https://www.linkedin.com/in/bob-fraser-22469312/
✅Jim’s linkedIn: https://www.linkedin.com/in/james-maffuccio-77440813/
🚀 ABOUT | SETH BRADLEY:
Seth Bradley is a real estate entrepreneur and an expert at creating passive income while working as a highly paid, busy professional. He’s closed billions of dollars in real estate transactions as an attorney and investor. He’s the Managing Partner of Law Capital Partners, a private equity firm focused on value-add real estate acquisitions and development. He’s a former big law attorney, most recently practicing in the real estate and securities department of a top 3 globally-ranked law firm. He’s also the host of the Passive Income Attorney Podcast, educating attorneys and other professionals on how to stop trading their time for money so that they can practice when they want to, not because they have to.
✈️ CONNECT | SETH BRADLEY:
👉🏽 Don't Know Where to Start?: www.sethpaulbradley.com
Download The Freedom Blueprint: www.attorneybydesign.com
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Websites:
✅ Coaching: www.passiveincomepro.io
✅ Legal: www.syndicationshop.com
✅ Podcast: www.passiveincomeattorney.com
✅ Investing: www.lawcapitalpartners.com
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EP 41 | How to Achieve Financial Freedom by Becoming an Empowered Investor with Mo Bina
EP 40 | How to Use Blockchain Technology to Stay on the Cutting Edge of Real Estate Investing with Michael Flight
EP 39 | How to Lose It All and Come Back Even Stronger Through Mobile Home Park Investing with Eloy Retana
EP 38 | How to Make Profits While Building Strong Communities and Helping Families with Matt Faircloth
EP 37 | How Climbing Mountains, Making Widgets and Buying Apartment Buildings Are One In the Same with Anthony Vicino
EP 36 | How to Live Your Best Life by Welcoming Uncertainty with Open Arms with Nicole Mayer
EP 35 | How to Invest Tax Free Using a Self-Directed IRA or Solo 401(k) with Scott Maurer
EP 34 | HOW TO ASSESS THE BENEFITS AND RISKS OF PASSIVE INCOME OPPORTUNITIES WITH ALISA FREUNDLICH AND JENNIFER SANTOSO
EP 33 | HOW TO THINK ABOUT THE BIG PICTURE THROUGH DELEGATION, AUTOMATION AND SCALE WITH DAN HANDFORD
EP 32 | WHY 80% OF INVESTORS HAVE THEIR INSURANCE COMPLETELY WRONG WITH JEREMY GOODRICH
EP 31 | HOW TO MAKE UNCLE SAM YOUR FRIEND THROUGH CREATIVE TAX STRATEGIES WITH MARK PERLBERG
EP 30 | HOW TO USE THE 5 W'S TO PROTECT YOUR ASSETS WITH JEFFREY LOVE
EP 29 | HOW SILICON VALLEY TURNED ITS BACK ON WALL STREET TO INVEST IN MAIN STREET WITH ALEX KHOLODENKO
EP 28 | HOW TO USE BUSINESS THERAPY TO STOP TRADING YOUR TIME FOR MONEY WITH DARREN FRANK
EP 27 | HOW TO ESCAPE THE OFFICE BY OWNING THE OFFICE BUILDING WITH BRIAN C. ADAMS
EP 26 | HOW TO EFFECTIVELY MANAGE A PROPERTY FOR PROFITS AFTER THE HONEYMOON IS OVER WITH COLIN DOUTHIT
EP 25 | HOW TO LEAVE BIG LAW IN THE REAR VIEW MIRROR AND ACHIEVE FINANCIAL FREEDOM WITH JONATHAN TWOMBLY
EP 24 | HOW TO BUILD EXPONENTIAL WEALTH THROUGH MAILBOX MONEY WITH HEMAL BADIANI
EP 23 | HOW TO CREATE YOUR OWN ECONOMY THROUGH CASH FLOW AND INFINITE BANKING WITH M.C. LAUBSCHER
EP 22 | HOW TO INVEST IN AIRBNBS TO CREATE $20,000 PER MONTH OF PASSIVE CASH FLOW WITH KYLE STANLEY
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