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: