EP 168 | Investing Like a Billionaire with Bob Fraser and Jim Maffuccio
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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