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Promissory Note Investing for Income – Build Wealth Gradually
Why Accept 2% Interest When 8% is Available? Main Stream Interest Rates are Too Low. Wealth Building is a Gradual Process. Financial Independence Depends on Having Income. Understanding Basic Promissory Note Facts.A Discounted Promissory Note Can Be Profitable
Our thinking is based on doing a traditional buy-sale transaction; buying an asset for $1,000 and reselling it for $800 is not a profitable transaction, normally. But, there are exceptions to this rule. Let’s look at the profitability possibilities of a promissory note discounted in value. But, before we do that, let’s clarify two important points.Promissory Note Appraisal and Valuation – When Is an Appraisal Required?
Why is an Appraisal Necessary? Who is Qualified to do it? First, exactly what type of appraised valuation are we seeking? IRS Revenue Ruling 59-60. Who is qualified to do the appraisal? Factors Affecting Note Valuation…Promissory Note Appraisal and Valuation – Little Mistakes Can Ruin the Value
Flaws and Deficiencies Discount the Note’s Value. How to avoid an investment trap. Many notes are legally enforceable but uncollectable. Shortcuts taken when buying or structuring the note are “Penny Wise and Dollar Foolish”.The Holy Grail Of Investing
Securities picked on the basis of hot companies or tips often end in a fiasco. Remember that returns on a Portfolio are driven by the overall strategic interaction and performance (asset allocation) of the underlying constituent elements. Individual securities standalone do not matter much. It is all about asset allocation that drives the Portfolio returns.