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Podcast: Wealth Formula Podcast
Episode: 122: Cash Talk with the Cash Flow Ninja
Description: A few conversations I had with investors over the last week got me thinking that we need to talk about some basics again. First of all, let's start with why I generally prefer to own an asset (either in entirety or a fraction) as opposed to simply holding a note. What is a note or promissory note? It's basically a promise to pay the lender a certain amount of interest over a period of time with return of capital. So, let's say you loaned money to someone flipping some houses and they issued you a promissory note for 8 percent. The...