Starting Your Investment Career — Video

What this episode covers

Starting your investment career can be a bit daunting. What to do? Where to begin? Sometimes a half step is the best first move. Download Audio Transcript: You got a lot of friends and you’ve got various small amounts of money you’ve saved over the years, but you know it’s enough to get started in real estate prudently. You’ve heard about these notes. You don’t know what to do, but man, there’s 5 or 10 of you. You’ve got a couple of cousins. You’re 24 years old. Nobody in your group is over 30. You know what? Between you, you’ve got $30,000, $40,000. Come to me. We’ll put you in the group. You guys will do all the accounting. You guys know what you want to do. You’re homogenous in nature. We’ll get you a small note. You buy a note. The payments come in. You do with the payments what you want as a group. Separate it, don’t separate it. Do what you want. Maybe use the payment so that at the end of the year, you have a party. When the note pays off, that’s the big profit, and now you guys can do it again, and every time a note pays off, do you know what that means? At the end of every year, you just have a bigger party or you’re saving the payments too. The key is if you’re young and you’re getting your career going and you’ve got a few thousand bucks, you just don’t like it sitting there making the 3/4 percent before taxes, in a 2% inflation economy, but you’ve got a lot of friends in the same boat, and some cousins, maybe your big brother, put yourselves together. Make yourselves stronger because you’re a group. You have more money. Get started with a little discounted note. It’s better than not doing anything.

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