REI Wealth Monthly Issue 04 | Page 21

NOTES FOR THE NEW YEAR DAWN RICKABAUGH Many individuals achieve these objectives with me Along the same lines, I am very careful about the through discounted note purchases, but it’s quite people and projects I endorse. There are few vendors impossible to work with someone in a frantic, and opportunities that I will put my name behind and desperate state of mind. recommend wholeheartedly to others. Note to self #2: Be someone people trust One that I do is a company that offers interest payments on secured notes, but also gives the There are many, many opportunities to make safe and solid returns through a combination of property and paper investments, but still, in the end, you are really investing in people. When someone buys a note with me or from me, they are often buying me as much as the asset. investor/note holder 50% of the equity in the property as well. What a great way to make effortless income and participate in the upside of the real estate market without having to rehab and manage property yourself. Another guy I know brings me opportunities like these on a regular basis: They trust I am giving them the straight up truth about the situation, protecting them properly, and 1) parks – 20% annualized yield expected that I will be there to help if anything goes wrong. 2) my personal and professional endeavors. If you can authentically generate this type of ‘field’ around you, then even if you have very little capital participate in a hard money fund, interest and points– 11% yield Becoming someone who exudes integrity and engenders trust has been critical to the success of buy into a fund purchasing mobile home 3) purchase & lease out mobile homes (professional management) – 15% yield I count on competent and trusted partners to help round out my portfolio. of your own, you can be enormously successful and create passive income ‘out of thin air’ through Note to self #3: Create a story that inspires you arbitrage (making a spread on other people’s money). As ‘the system’ fails on various levels, the vision that emerges for me is a thriving network of individuals coming together to support each other without Washington and Wall Street functioning as tapeworm intermediaries. Here’s an example of how that plays out for me through a series of transactions with two elderly ladies. It began with a fix-and-flip deal involving Lady #1: