The best way to get into real estate investing is to be a landlord as it is well paved and tracked. Getting a rental property is a great way to place some of your investment dollars outside of the stock market just for diversification.
Keep in mind though that being a landlord can be a lot of headache and a lot of work especially if you’re self-managing your properties. Also,take note of the maintenance of the housework, yardwork, and even dealing with tenants that can sometimes be stressful.
What is note investing?
A note is like the paperworld behind a real-estate.
So the note is made up of the lone documents that you sign when you get your mortgage.
This will contain the balance with the interest rate that you have every year that you’re going to pay for every month and other legal leases.
Your home, the physical property is secured through that promise to pay through the mortgage or deed of trust. That whole package is the note. So it is a cash flowing asset.
The banks are cash flowing off of these notes via the interests that you're paying through your loan.
So it is possible to own notes. So if anything happens like the borrower stops paying their mortgage, you have the legal right to take back the property because you have that property as collateral.
There’s a lot of other options for real estate investing aside from being a landlord.
How to get a note?
First, just like any form of real estate investing there’s a lot of due diligence that goes into it. Don’t just try to go out and find a note because there’s a lot of recommended places that you can get to on the internet like “www.paperstac.com” where you can buy a note.
If you don’t know what you’re looking at to evaluate it, don’t just dive in. There’s a lot of ways to get an education and even start buying notes as an individual. There’s also a lot of ways to partner with other people that can help you fully understand the investment that you’re venturing into.
What is more valuable, Time or Money?
Time is more valuable than money because you can lose money but make it and get it back again but with time is something that you can never get back.
Thinking about making money and initially investing as much as you can because you’re investing in that time at that point.
The time value of money or making money vs creating more time, which one should we be striving to do?
When we make our money, what can we do with that money first that’s going to give me more time?
What does an abundance mindset mean?
An abundance mindset means that you have everything to live peacefully and happily in this moment, right now.
It is not something in the future. Abundance is evaluating your bucket list and realizing that you have everything that you need.
What does flow state mean?
Flow state is a state of being where everything feels like it’s the right next step. Where everything feels easy. Where you’re moving towards a destination at exactly the right pace for yourself, for that action, even if you don’t actually know what the outcome will be.
It’s kind of that locked-in feeling of doing something where you can move without thinking about it or questioning it and just going by your intuition and feeling what comes next but it’s not as if you’re devoid of thinking either. You certainly are calculating and evaluating at every moment.
How is white water rafting an analogy of life?
White water rafting and white water kayaking is like an individual but it’s a team sport.
It requires you to be in the present moment but be aware of your surroundings and your immediate future and your long term future at different kinds of varying moments. But always grounded at the very present moment.
If you're thinking too much about what you want to do downstream, then you’ll neglect what you’re doing right now and you’ll get stuck. But if you think too much about not getting stuck right here, you’re going down the wrong channel because you weren’t looking up and looking at where you want to go.
You are submitting to the will of the river when you put yourself into it. So there’s something in that just like letting go of the attachment that you have control over it.
Thinking of getting into the real estate investment biz?