Updated: Nov 2, 2020
I started my career as a real estate investor in 2003 by getting my Real Estate Broker's License, and quickly scaled an operation that specialized in rehabbing, flipping, and renting single family homes. At my peak, I was managing 32 properties.
But by 2016, I was burned out. I didn't want to deal with all of the constant headaches that came with owning real estate. I felt like everyone was getting rich-contractors, attorneys, city governments, and even the tenants-everyone was getting rich except for me.
After 14 years as a landlord, I never netted what I projected to make. I would do everything in my power to cut costs and run an efficient business, but at the end of the year I was lucky to return 8% on my investment, and that is AFTER all of the constant stress. Let's be honest-landlording isn't worth it.
I knew there had to be a better way. I was lucky to have met someone who had transitioned out of landlording and into lienlording, and it completely changed my outlook. As all banks know, it is much smarter to invest in the mortgage behind the property than the property itself, much more scalable, and much more lucrative. One of the biggest benefits to note investing is that I am not limited to my local market. I currently buy mortgage loans in 45 states, and do so with only a phone and a computer, without visiting properties and dealing with tenants.
Mortgage Note Investing is an incredible business that allows me to profit like a bank without the headaches of property ownership.
It is a truly passive investment!