I consider myself to be a trustworthy and honest person, so why have I lied before about what I do for a living?
I consider myself to be a trustworthy and honest person, so why have I lied before about what I do for a living? You know when you explain something to someone and you know they do not understand what you are saying, but they say they do anyway? Well that happens to me all the time. So, yes there have been a few occasions when I get on a plane after a long day and I tell someone I’m a dog groomer or a nurse because it is self-explanatory and it avoids the blank stares when I tell people what I really do for a living. Unfortunately, many do not know what a Trust Deed investment is. Or if they do know, their perception may be wrong. I like to lead this conversation in a nontraditional way to dispel the misconceptions of investing in Trust Deeds.
“You know when you explain something to someone and you know they do not understand what you are saying, but they say they do anyway?”
Investing in real estate has always been an option that many people do not regard themselves as being a part of. When asked, “Do you invest in real estate?” most responses include some sort of comment regarding their inability, the risk or the hard work. However, the vast majority of Americans own a home. This ownership in a personal home is an investment in real estate that over time appreciates in value. A Deed of Trust is the collateral note behind the real estate investment; once you pay off a mortgage company they release the note to you for free-and-clear ownership of your home. Investing directly in Deeds of Trust have been a viable option for ‘hands-free’ real estate investing that has gotten a bad rap over the years. In the next several blogs I am going to review the most common misconceptions of Trust Deed investing.