Crises really put things into perspective.
Born of these challenges are your realizations about the things that truly matter, like being able to consistently put food on the table and continuously provide for your family especially during trying times.
You begin to see how quickly your years of hard work can disappear when you’re unable to come up with a financial strategy that caters to longevity and timelessness.
This is where the importance of learning how to generate consistent passive income really comes to light.
James Maffuccio learned this the hard way when the housing crisis tore down his thriving business in real estate development.
James is a 30-year real estate veteran and an expert in mortgage notes. He is deeply networked in the secondary mortgage industry and is responsible for acquisitions and underwriting as well as relationships with primary sources and key vendors.
Because of the housing crisis, James had to flip houses in order to put food on the table. This is also when he realized that when the market stabilized, the people on the right side of debt would cash in big. He acted on this realization by placing himself on the lending side of the industry.
In 2009, he began investing in mortgage notes, and three years later, with his investments proving to be secure, consistent, and highly profitable, he partnered with Bob Fraser to launch Aspen Funds - a fund management company focused on mortgage investments.
With Aspen Funds, James created passive wealth for himself. At the same time, he helps people receive consistently high yields on their investments while helping homeowners stay in their homes, too.
What makes mortgage note investing a strong source of passive income? How do you assess profitability in this niche? How do you turn a profit on zero-equity notes?
Tune in to learn more about the hottest and most relevant information on real estate investing!
Thank you all for listening and I will see you on the next episode. When you are ready head on over to https://billyalvaro.com or go grab your tools to help you at https://billyssecrets.com
