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Dr. Kalinda Rose Stevenson
The Real Deal on Real Estate Notes: There’s Money in Debt!
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By Maria Fee
I spent a lot of time and money self educating to understand real estate. I wanted to understand how to better control my investments instead of handing over my hard-earned savings to financial advisors who are still working to make a living. I believe in diversification like so many advisors chant.
A few years ago I was just about to buy an 80-unit apartment complex. I ran my numbers, calculated my anticipated expenses and profits, made plans and knew what yield I should make from my 80-unit nest egg. What I did not plan for was a shooting that occurred on the property two weeks before I was scheduled to close on the property. That same night, 34 families moved out. Had I owned the property, I would have lost a lot of my anticipated yield for many, many months to come.
Regardless of my power planning, I would have little control of my financial returns in the first two years of my investment. I was back to feeling I had little or no control over my investments: I wanted safety, low risk, control, and known returns on my money. I kept studying, asking questions, seeking mentors, and finally found a well hidden area of real estate – the notes business! … More
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