All Forum Posts by: Vee Dee

I am just getting started in note investing and similarly have that same question as it pertains to investing in a performing note fund that pays a few hundred dollars of interest monthly.

Should I save the monthly payouts for reserves, accumulate the monthly payouts to then invest a lump sum of them into another note fund or reinvest back into a larger position in the fund from whence they came?

Andy Mirza,Also, thanks for the tip about the tracking tool, SmartSheet.

Valenda D. Affinity Property Solutions, LLC

Andy Mirza thank you so much for sharing info about Paracorp-Parasec. Wish I'd known about them last year. So very glad to know about them now! This comes at just the right time as I am making some entity formation decisions and changes. I love that they are a multi-services company.  Using them will definitely streamline things for me going forward.

i April,

After considering much advice, I formed a California LLC as the first step for my non-earned income.

I am in the midst of rolling over several former employer retirement accounts. I'd also like to use this money for note investing but of course cannot be mixed with the non-earned income in my LLC. Not sure if it is best to go into either a business trust and SDIRA situation or a Solo ROTH. Dur to so much conflicting advice I am scheduling a live strategy session with a firm specializing in entity formation strategies, legal aspects and tax advisement for real estate notes.

My communications with multiple custodians, attorneys and asset management firms has been informative but confusing. The firm I'll have the strategy session with has been very thorough in clarifying and explaining during preliminary conversations and has NOT rushed or pushed me to purchase, often very expensive services or packages as some of the others have. 

Note investing is a simple concept, but a complex undertaking. So much to understand. It can be very expensive if you don't get the right information and education to fully understand. 

ReSURE seems to be a firm which can help me streamline and simplify all of this. They embrace questions and are not impatient or overbearing with newbies in my experience in speaking with them so far. It is  why I am taking the leap to pay for the full in-depth, personal strategy session with them.

I am also starting an unrelated side business (ecommerce) for which I want some of my earnings to be invested for retirement into notes.

So a lot to unpack, but I'd like to get the framework/foundation/structure of my investing set up right and move forward as smoothly as possible.

I also continue to learn, reading books, websites and the news nearly everyday, listening to podcasts, watching note investor interviews on You Tube, participating in networking groups through Zoom and participating in mentoring calls with my investor group advisor.

The two note investing trainings I took were extremely helpful and the materials continue to serve as valuable resources.

I will say this-don't be in a rush. Take notes as you listen and read. Start sorting the info into categories that resonate with your personality, time to do this, and goals. Think through your goals and the end result you want. There are a multitude of options. It is important to decide and focus on what really fits with your personality and comfort level. Know how active you want to be or not. 

Do you like doing due diligence? Or do you prefer it to all be done for you? For example, passive, lower return investing in performing assets through a note fund might work better than the active, time-consuming, less certain route of non-performing note investing. Yes, the profits can be much more rewarding with non-performing notes but they can also take months to obtain, cost more upfront with unexpected, time sensitive payments and location, legal or administrative obstacles. For example, how comfortable are you with out-of-town investments? Do you need them to be in your State or even in your city? Can you afford to lose the money invested or spend $5,000 to-$15,000 more before the investment starts cash flowing? Or to get it cash flowing again?

Do not let someone (an investor? potential Joint Venture partner? Note seller? Note Broker? Entity Custodian? Lawyer? Asset Management service provider? "guru"?) decide for you. Take your time and get your info on your own till you you feel comfortable understanding it and explaining it to someone, especially if you plan to seek joint venture partners.

I found it very important to commit by scheduling time to actually work on your note investing. Set goals for what you want to learn more about in that time. You won't feel so overwhelmed by the "firehose" abundance of information out there and avoid "analysis paralysis". It will help you hone in on exactly what is helpful to know in reaching your goals. 

I hope this has been useful. I am happy to answer questions.

Good Luck.

Valenda Dennard                                                                                                                                                                                         Managing Director                                                                                                                                                                               Affinity Property Solutions                                                                                                                                                                                       

Hi Tracy. Loved Belmar, except for the winters! Looooog commute to work in NYC though till I finally was able to get a job working "from home" as a base for a lot of that travel. Then on to work "up the road a bit" in Long Beach for a short stint till I was recruited to beautiful Sarasota County (FL). after grad school, hence the mice to Osprey in 2002. Have only been back once (2004 I think it was).

Is Bar A still "the place"?

Malibu, CA. or Pacific Palisades, CA.

Specifically along Pacific Coast Highway for the crashing waves of the ocean on the west side and just across the road, hilly hiking trails and parks (depending on location along a 20+ mile stretch) on the east side.

Walking distance or a short drive to shops and amenities (again depending on location), abundant fresh air, easy, breezy, low key ambiance, friendly people, diversity of restaurants at all price points, local events, beautiful sunsets and year-round temperate weather. If no need to drive during rush hours, there's usually no problem with traffic. Not all real estate is outrageously expensive. If desired, the energized 'social scene' of every dimension is just down the road in Santa Monica. 

I've lived in Det. MI, NY,NY, Brooklyn Heights, NY, Mt. Vernon, NY, Jersey City, NJ, 'down the Shore' In Belmar, NJ, Pacific Beach, CA, Vallejo, CA, Osprey, FL, Jacksonville FL, Los Angeles, CA, Orange County, CA suburbs, and visited and vacationed in over 86 cities in 35 U.S.   states and over 38 countries through a former travel and tourism career (international airline, cruise line and travel card company).

in the meantime, I rent at the beach in Long Beach, CA. which is also a pleasant ambiance, walk-everywhere, low-key town. Much lower costs, same fabulous sunsets but no hills or hiking areas and only mild ocean waves. Before COVID-19, just a 25-30 min walk to work (city job). Now I'm focusing on developing my REI and an e-commerce business. Can't complain.

Malibu, CA. or Pacific Palisades, CA.

Specifically along Pacific Coast Highway for the crashing waves of the ocean on the west side and just across the road, hilly hiking trails and parks (depending on location along a 20+ mile stretch) on the east side.

Walking distance or a short drive to shops and amenities (again depending on location), abundant fresh air, easy, breezy, low key ambiance, friendly people, diversity of restaurants at all price points, local events, beautiful sunsets and year-round temperate weather. If no need to drive during rush hours, there's usually no problem with traffic. Not all real estate is outrageously expensive. If desired, the energized 'social scene' of every dimension is just down the road in Santa Monica. 

I've lived in Det. MI, NY,NY, Brooklyn Heights, NY, Mt. Vernon, NY, Jersey City, NJ, 'down the Shore' In Belmar, NJ, Pacific Beach, CA, Vallejo, CA, Osprey, FL, Jacksonville FL, Los Angeles, CA, Orange County, CA suburbs, and visited and vacationed in over 86 cities in 35 U.S.   states and over 38 countries through a former travel and tourism career (international airline, cruise line and travel card company).

in the meantime, I rent at the beach in Long Beach, CA. which is also a pleasant ambiance, walk-everywhere, low-key town. Much lower costs, same fabulous sunsets but no hills or hiking areas and only mild ocean waves. Before COVID-19, just a 25-30 min walk to work (city job). Now I'm focusing on developing my REI and an e-commerce business. Can't complain.