Bill Mencarow started investing in real estate notes in the early 1980s. Notes are perfect for people who don’t want to deal with tenants and/or the act of landlording, but still seek the passive income real estate has to offer.
Real estate notes, as Bill puts it, are a way of acquiring cash flow without having to deal with tenants. Note investing goes back thousands of years. In our present context, Bill is referring to privately-held real estate notes—not bank-owned notes. In its most basic sense, if you own a note, you become that bank. Rather than the buyer paying a monthly mortgage to the bank, they pay you—the note-holder. And, like a bank, you get an interest rate on top.
Bill and Abhi also discuss the thought process behind investing in notes, how many notes exist today, and where to buy/sell them.
Contact Bill using the Contact Us form at PaperSourceOnline.com, or meet at one of their events!