When it comes to real estate note investing, many people focus on their “why” – the reasons behind why they invest. These are always really personal: you want money for your child’s education, you want retirement money, you want a ‘side gig’, you want to be RICH.
However, it’s just as important to consider your “what”! HUH?
What I mean by that is:
WHAT do you need right now?
WHAT does your risk tolerance look like?
WHAT type of cash or cashflow is right for you, right now?, and
WHAT your end goals are both short term and long term.
Knowing your personal motivations and goals is crucial, but knowing your WHAT will shape your investment decisions and help you achieve success.
Many opportunities are out there:
Multi-family,
Buy and Hold rentals,
Short Term Rentals,
Notes,
Fix ‘n Flip,
Wholesaling,
Assisted Living
– there are a TON of options. It can be paralyzing trying to figure out WHERE to start, or which one to dive into.
I encourage you to take some time to check in with yourself (and keep doing this at least once a year) and determine what your “WHAT” is. Ask yourself….
WHAT do I need RIGHT NOW for note investing?
Do I need chunks of cash, or am I looking for a steady stream of cash flow?
Am I in this for the short-term or the long-term?
Are you using your self directed IRA funds?
Do you want to be very passive or active?
Do you need monthly income to quit your job?
Why is this important? Here’s an example: If you are a short term real estate investor (meaning you need your cash out of the investment more quickly – Buy and Hold Rentals are a long term play, so that type of investing may not be right for you.
If you are a long term investor, you may not want to Fix ‘n Flip -as that is typically a quicker turnaround of 3-6 months. Knowing your WHAT will help you here!
By knowing what you need RIGHT NOW – it’ll tell you what type of investing is good for you right now. And it changes as you grow as an investor.
What is your risk tolerance?
Know the pitfalls, do your due diligence. A fix and flip situation might have more risk depending on the market. But note investing has 23+ exit strategies – so that might be a safer route for you. You have to know what you are willing to risk, how conservative or risky you are, and what real estate investing strategy fits your risk tolerance.
How much monthly cash flow do you need for note investing?
Will the investment help you achieve that?
Will your needs change over time?
Your WHAT may change as you grow as an investor – so you may want to check in every 6 months, nor every year at a minimum. As you grow and evolve as an investor, your investment style or risk tolerance may change, but staying true to your personal motivations will ensure that you make the right decisions for yourself.
If you’re ready to embark on your journey to real estate investing success, don’t miss this video – it could be the start of a successful and fulfilling investment career.
TAKE THIS FREE VIDEO SERIES TO LEARN THE BASICS ABOUT NOTE INVESTING
Get the 411 in this quick easy to digest video series, so you have a more comprehensive idea of what it is and if it’s the right next step for you.
ABOUT PAIGE:
Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens Investing, Fix and Flip (Residential Remodeling), and other forms to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.
Are you aware that time can be a killer with profit, regardless of the type of investment in real estate you choose?
In this video, we dive into the importance of time as a critical element of investing, and how it can impact your returns.
We’ll discuss the effects of time on various investment types, whether real estate or alternative investment strategies. You’ll learn how even a small delay can significantly affect the profitability of your investment, and why it’s essential to consider time as a crucial factor of your exit plan.
Unfortunately, many investors fail to realize the significance of time in their investment journey. But it’s never too late to start!
By the end of this video, you’ll have a better understanding of the importance of time in investing, and how to leverage it to your advantage.
So, if you’re an investor, whether experienced or just starting, this video is a must-watch!
Don’t let time be a killer of your profits. Watch this video now and learn how to make the most of your investment journey.
TAKE THIS FREE VIDEO SERIES TO LEARN THE BASICS ABOUT NOTE INVESTING
Get the 411 in this quick easy to digest video series, so you have a more comprehensive idea of what it is and if it’s the right next step for you.
ABOUT PAIGE:
Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens Investing, Fix and Flip (Residential Remodeling), and other forms to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.
Have you wanted to get into real estate investing, but been intimidated because you think it’s a “man’s world”? Think again!
In this video, we’ll explore how the landscape of real estate investing has changed for women, and provide tips and advice for both women (and men, too) looking to invest in real estate.
Whether you’re a woman or a man, this video will provide valuable insights into real estate investing and how to succeed in this competitive field.
With the right knowledge and approach, anyone can make a successful real estate investment, regardless of gender.
If you are a woman looking at getting into real estate investing – don’t let FEAR stop you, even though it appears to be a field largely dominated by mens.
F.E.A.R – Here’s the reality of FEAR:
False
Evidence
Appearing
Real
1980’s women could not own real estate in their own name! TRUE STORY! They needed a MALE co-signer. Mrs. Fields, of the famed cookie chain, needed her husband to co-sign for the lease in the shopping mall when she opened her first store!
Thank God, so much has changed since then.
The thought or belief that “Real estate is only a male game” – is only a misinformed perception these days.
Many women try to be something they are not – aggressive and masculine. Instead – embrace your femininity and your instincts. It makes you uniquely, YOU!
It always helps, though, to gain the help of other female investors, and get the support you need. It takes a TRIBE!
We often don’t trust ourselves to invest – break through that myth – you are allowing that false evidence to feel real to you.
Things have changed exponentially! There are so many more women at real estate investing conferences and REIA groups now (even more than when I started years ago).
There are more podcasts hosted by women, more powerful women entrepreneurs, more women in real estate investing.
Educate yourself in the field of your choice (as you know, I love Notes!), gain some confidence and create the life that you’ve always dreamed of having.
TAKE THIS FREE VIDEO SERIES TO LEARN THE BASICS ABOUT NOTE INVESTING
Get the 411 in this quick easy to digest video series, so you have a more comprehensive idea of what it is and if it’s the right next step for you.
ABOUT PAIGE:
Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens Investing, Fix and Flip (Residential Remodeling), and other forms to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.
In real estate, people are always looking for TWO things: deals and money. They go hand in hand.
Finding deals in the note investing space means having to connect with asset managers, which sounds daunting because you might be new, and their position, “Asset Manager” sounds scary!. But asset managers are people too. Asset managers are basically the people you are going to contact who have products to sell. The beauty of dealing with Asset Managers in the Note space, is they don’t care if you are new, they just want to know that you are going to perform. Getting them to send you lists of the assets they have to sell (called a “tape”) is not as hard as you may think.
People in the note investing space are collaborative, helpful, and open to working with new investors. The key is that you are serious about buying deals and follow through.
It’s strongly recommended that you take SOME education on note investing to help navigate the waters. They want to see that you know the basics and foundation.
If you know who you are as an investor and what you are looking for, you will not have a problem dealing with asset managers. This business is all about relationships and building rapport with somebody who has notes to sell to you.
Don’t be afraid to reach out, make connections, and tell them exactly what you are looking for. They aren’t the ‘big bad asset manager’ that everyone thinks they are.
Dive in and we’ll discuss:
Where you can find asset managers and what background they have
Why asset managers shouldn’t be intimidating
What asset managers are looking for
Characteristics of an asset manager
How much do you need to know about notes before dealing with an asset manager
Benefits of working with and collaborating with an asset manager
TAKE THIS FREE VIDEO SERIES TO LEARN THE BASICS ABOUT NOTE INVESTING
Get the 411 in this quick easy to digest video series, so you have a more comprehensive idea of what it is and if it’s the right next step for you.
ABOUT PAIGE:
Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens Investing, Fix and Flip (Residential Remodeling), and other forms to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.
FACT OR FICTION? “If you’re going to be a note investor, you need to have tons of money to buy notes.”
While it is true that you need some skin in the game, with notes (like every other form of real estate investing) having cash is always handy, but that doesn’t mean it has to be your own.. There are plenty of different ways to fund your Note purchases.
Believe it or not, you can start this business without having a truckload of money. You only need a willingness to put action behind the desire.
In this video I share how to fund your note purchases including…
How to educate yourself and network to be able to fund your notes
How joint ventures may be a solid option
Where to go to network and how to make those connections successfully
How to get involved with syndications or other people’s funds
Plus I share a Ninja tip so you have a build up of capital on your own
No matter what kind of real estate investing (or any investing, frankly) you are in, you need to be networking with people and developing relationships. Real estate is a “team sport”. Reach out to your sphere of influence and find out who is looking to invest. Nobody is going to know what you’re doing if you don’t open your mouth. Start talking and be excited about the venture you’re getting into.
Tell potential investors that you can make money by helping people, by giving them a second chance, and helping them stay in their homes. There’s no better feeling than that, and people want to be part of it.
When you make profit, don’t just take it, and spend it, reinvest it on another note or a couple of notes and build your own capital up.
TAKE THIS FREE VIDEO SERIES TO LEARN THE BASICS ABOUT NOTE INVESTING
Get the 411 in this quick easy to digest video series, so you have a more comprehensive idea of what it is and if it’s the right next step for you.
ABOUT PAIGE:
Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens Investing, Fix and Flip (Residential Remodeling), and other forms to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.
One of my most valuable resources is a key piece of due diligence, and this is called the Ownership and Encumbrance Report, or “O&E Report”.
It is a title report that gives you key information about the ownership, meaning your borrower, and anything that is an encumbrance against the property that is securing your invested dollars. This due diligence process is a KEY piece when evaluating notes to purchase.
The title company will pull recorded information from the county recorder’s office regarding the borrower and any recorded documents that deal with the actual property (the house), which is the secured collateral for your loan aka the note you are buying.
You will receive information, if available, about an alternative address for your borrower; mortgages; assignments of mortgages; property taxes; code violations, district utilities due; and liens and/or judgements that are against not only the borrower, but also the property. You also receive copies of all these documents! This is key information when evaluating a note.
There are many options regarding a company that can obtain and compile your O&E reports for you. TIf given the option to expedite the reports and receive them on the same day, I highly recommend you pay the extra fee, as asset managers don’t want to wait weeks on end to complete due diligence; especially for one note.
The advantage of requesting an O&E from a specialized title company, is that there is no need to go to the county and request all the information you need yourself. They will provide a comprehensive report and give you everything you need.
No matter what type of real estate investment you are making, consider learning and finding a reputable company for your O & E reports!
TAKE THIS FREE VIDEO SERIES TO LEARN THE BASICS ABOUT NOTE INVESTING
Get the 411 in this quick easy to digest video series, so you have a more comprehensive idea of what it is and if it’s the right next step for you.
ABOUT PAIGE:
Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens Investing, Fix and Flip (Residential Remodeling), and other forms to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.
