All Forum Posts by: Jonathon Weber

Typically the recession hits at 18 months after. We will see what Trump does to try and avoid the recession. The market is crashing hard today.

Buy low, sell high. It's always been that way.

You don't get paid. They are charging you. There is still a monthly payment, fees, etc. 

Debt can be used as an asset protection. Tax benefits. Use the cheap money and build up. 

With an LLC there is informational tax return because it is eligible for pass-through income taxation. Pass-through income taxation allows LLC members to tax any business income through their own personal tax rate, rather than the corporate rate. This can be beneficial depending on the personal tax rate of LLC members compared to the corporate tax rate.

A lot of people confuse income types with income streams. If all of your income is derived from the same type of activity, they are the same type of income stream, just coming from more than one origin of payment. 

Real estate, bonds, job, business, speeches.....all are different income streams. 

The biggest challenge in life is not earning money, it's diversifying the income to generate income from many different origin types (real estate, job, etc).  

And, yes, to become a real millionaire (what I call $1M in the bank) you have to have around 7 income streams. 

Just my opinion, but I would look at buying a couple of rental homes or a duplex. 

 Private lending is a very appealing option for those that have cash. For example, I know of a company in Florida where you can fund the entire development for a low income house that costs $125k to build and they split the sales profit 50/50 with the investor. Typically they sell for $175k. Only problem with that is it becomes a short money gain and not something you can capture for 20 years. 

Private lending for a large apartment complex would be the gold standard achievement, IMO. The highest potential returns and possibly could last more than a decade before they sell. 

People get into notes for various reasons. I'm someone that can easily relate to others and build the trust. 

My goal in doing this is to help people. 

You will not be seeing me doing partials, or selling off the junk to screw others over, or taking outside money to fund this. I'm funding all of this with my own hard work. 

I'm just getting started. I've always wanted to invest but wanted to build my skills and income up to the 1% level before I started to invest. I'm on pace to hit the bottom of the 1% income earners this year. I plan on keeping that income and then go out and help people keep their vehicles, keep their homes, and get their student loans paid. The student loans are required to be paid and they will not be thrown out in a bankruptcy filing. It's a major problem for young people and I want to help. For homeowners, they are just trying to keep a roof over their head and things happen in life and you can fall behind in payments. I want to help them get their foot back on track and even do a loan modification to help them. 

I deal with people on a daily basis so note investing is just an extension of the skills I already developed and talking to people on a daily basis. 

Note buying for vehicles have different laws to follow and they are cheaper to buy. I already have a plan of action in place where I would sell vehicles with a local used car dealership for the vehicles I end up having to take.  Dealerships want inventory in and out monthly and they are willing to sell the notes to help the movement of inventory. 

 Note investing isn't talked about as much because it requires funds to get started, more funds than a typical single family home with 20% down. 

I have spent hours upon hours learning everything there is about note investing, chatted with a couple of note investors, and and read a book. 

When you try to get into note investing without any money it's a battle that most people will fail at. Why? If you get outside money and not much of it, and you buy notes that lose you money or don't get any good return, then you have no capital to work with. 

It takes money to make it big in note investing and you have to know how to sell/market yourself to the folks you want to buy from. The large banks will sell notes to hedge funds for millions (they get them cheap) and they will sell single notes or bundles. Eventually those notes get to the regular note investor and you can buy and sell among eachother and you could even do a partial. 

You can buy notes from credit unions and small regional banks, but it's not likely they will waste their time if all you have is $20K to buy one note. If you can get into a mortage lender with $500k in CASH they may take a meeting from you to talk about what you can buy from them. 

There are always people who try note investing and quite right away since they lack the capital. This is an investment option that requires cash to make it. This isn't an investment where you can put 20% down and get the rest in a loan and make $200 per month in cash flow from renting out the home. Note investing is an investment that could cost $40k to buy a single note or a few notes and there will be some non-performing notes that never become performing and if you bought the note from a judicial state it may take 2 years to get the property foreclosed on. 

You can get sued. You can easily lose all of your money. You could also make it big if you start with enough cash to buy enough notes to hedge against the ones that will fail to produce. 

If you want to buy performing notes you will have to spend more as they cost more than a non-performing. 

I'm doing note investing for vehicles, student loans, and mortgages (mobile home parks, apartments, homes). You could even buy notes from companies that lend to McDonald's, Culvers, etc for their real estate properties. You can buy notes that are for student housing, university buildings, and much more.