137: How To Be The Lender And Not The Borrower

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Most new investors in real estate start with the traditional method-but is this the only way to create real wealth Investing in mortgage notes is an alternative class with many benefits plus opportunities In this episode Jim Maffuccio dives into what it means to invest in mortgage notes Topics on Today s Episode What is debt Toxic Assets Buying Distressed Debt How Aspen Funds started Create win-win situation Keep the homeowners in their home with an adjusted payment structure often time reducing the principal How to transform a non-performing asset to a performing asset Rehabbing the paper instead of the property Create reperforming loans and sell them at a discount Rules In Raising Money What 506B and 506C What are serial funds Stages of a serial fund Raise period Deployment period Harvesting period Benefits of a 506C Cash on Cash Return Cash Flow on your investments Different ways to unlock more capital using 506C Get off of the roller coaster Investors need us more than you need them Due Diligence Check your operators track records and history and make sure they know what they are doing The importance of Mentorship Links and Resources Mentioned Website AspenFunds us What is HELOCs What is a First-lien Mortgage Note and Second-lien Mortgage What is 506B and 506C Kahuna HQ Kahuna Investments Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes Not only our banks is too big to fail even the little ones don t – Jim Maffuccio Investment world is cash flow hungry right now -Jim Maffuccio We are coming through the next cycle of stuff and I think the market is gonna open up to everybody even for you – Corey Peterson They re looking for us they are looking for guys like you and I that are committed to running a business model and doing it well – Jim Maffuccio Money raising Capitals momentum In the beginning it s like you re in the middle of the ocean and you don t even see the beach You feel like you need to do all the work paddling that thing but eventually you ride in the wave – Corey Peterson Don t forget to download my Free Workshop Quick Start Video Series and if you like what you have heard please leave a review on iTunes Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Click here to visit this podcast episode