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🗓️ 12 September 2024
⏱️ 6 minutes
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0:00.0 | So you're want to invest in 2024, you're probably wondering the best route to take this year. |
0:10.8 | There are a multitude of strategies and investment types out there and if you're just |
0:14.4 | searching on Google or YouTube you're going to find a lot of conflicting advice on this. So on today's show I'm sharing |
0:19.6 | four smart investments you can make right now to start building your net worth. |
0:24.0 | Let's get into it. |
0:25.0 | Number one, real estate notes. |
0:27.1 | Investing in notes is a great real estate strategy that's great for beginners or |
0:31.0 | anyone who wants to start earning quick returns. |
0:33.3 | Okay? What is a real estate note you might be asking? |
0:36.6 | Well you might have also heard the term mortgage notes or promissory notes. |
0:40.1 | So let's not get bogged down in the jargon, however. It's not really that complicated. |
0:44.5 | Think of a note as an IOU. |
0:46.4 | Okay, when you invest in notes, you're basically acting as the lender on a real estate deal. |
0:50.8 | That's it. You can DIY notes or you can invest in notes through a company like |
0:55.4 | Connect Invest. Check out my link at Morris Invest.com slash Connect if you're interested in using this strategy. |
1:01.6 | The barrier to entry is incredibly low. |
1:04.0 | You can typically start with as little as $500. |
1:07.2 | And the returns are in the 7.5 to 9% range, which is amazing, right? |
1:12.3 | So if my son, like he's 13 years old, he's got money in his savings |
1:17.2 | account and he's already been asking me how to start investing. And I've been teaching him that look, |
1:22.1 | just with like $500 we can start investing in real estate notes. |
1:26.6 | So yes he can't afford a down payment on a rental property, but he can certainly get started in the process. |
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