Posted by Literary Titan
Private Money Lending is a comprehensive book that details the different ways someone could make money from their investment in private money lending. What were some key ideas you wanted to pursue in this book?
Every investor should know that learning to generate a consistent, substantial, and predictable passive income stream sufficient to cover your total monthly expenses is the ultimate goal for anyone who wants to retire early. In fact, creating a safe and consistent passive income stream is considered the ” Holy Grail” of personal finance.
My objective in writing this book was to present to potential readers the existence of a little-known but crucial area of investing. This area of investing is private mortgage investing. What makes this investment vehicle safe is the fact that the investment is guaranteed by a tangible asset, brick, and mortar, such as a house or a commercial building.
Under a worth case scenario, a real estate tangible asset will always retain a certain amount of value, which it’s something that can’t be said for stock market correlated investments that can simply evaporate overnight based on bad news. Therefore, the important aspect of investing in private mortgages is that it is a non-correlated market investment that works under all market condition.
Private Money Lending is the only book on this topic that is based on a university-level qualitative research study. The study demonstrated the power that private mortgage investing has in generating a safe, substantial, and consistent passive cash flow under any market condition. This investment can generate a 9%-12% return on investment (ROI) safely in addition to providing all the legal protections a first mortgage provides banks.
Typically, investors learn about this investment vehicle by happenstance; that is, by knowing someone who is a private lender and understands all the nuances of this type of investment and who is willing to teach someone else the concept. Private mortgage investing is an especially useful investment vehicle in low-interest rate environments, such as the current market we have been experiencing for the past 12 years, where you can only receive 2%-2.5% for a 1-2 years CD and 3% for a 5-10 years CD. These low-interest rate environments are always devastating for the retired or soon to be retired individuals living on a fixed income. There needs to be a safe alternative, and private mortgage investing meets this requisite.
I believe that with the use of the book Private Money Lending: Learn How to Consistently Generate a Passive Income Stream as a guide any potential investor will no longer have to learn about this investment vehicle by happenstance.
What is your experience in this field and how has that helped you write this book?
I learned about private mortgage investing by happenstance like most people back in 1992. Thus, since 1992 (27 years) I’ve been safely investing in private mortgages, specifically in commercial and residential non-owner-occupied properties. As a result of learning about this investment vehicle, I no longer invest in the stock market because I can safely and consistently generate double-digit returns with a higher degree of safety.
There are many different investment opportunities out there, why did you want to write about private money lending?
I wanted to write about private money lending with an emphasis on private mortgages because I believe this is an investment vehicle that can generate the necessary cash flow to sustain a comfortable retirement with much less volatility and risk than with stock market correlated investments.
Yes, there are many different investment opportunities in the market, however, the majority carry too much risk. At least for my taste. The approach I use in this book was to first describe the advantages and disadvantages of the majority of available market investments before making the case of why I consider private mortgage lending a superior investment vehicle.
If you are an investor searching for a safer way to invest you should ask yourself three questions:
- Would you like to generate a passive and meaningful income stream in all market conditions?
- Would you like to generate this income stream consistently?
- Would you like an alternative with less risk than investments subjected to the volatility of the stock market?
If your answer to at least one of the three questions is “yes,” then reading this book will not be a waste of time or financial resources for you. In fact, learning about this investment strategy will change your financial life for the better.
What are some common mistakes investors make when they first start?
For investors entering this industry, the most common mistake is not possessing the necessary education to be safe.
It is important to learn how to perform the necessary due diligence regarding the loans that you will be considering.
It is also important to physically inspect the quality and location of the properties under-consideration to ensure a safe loan. Investors should never make any loan simply because of the high returns they can garner.
- This book is an important and timely research study that explores a little-known area of investing, which is that of private mortgage lending. The reason for undertaking the study was twofold; reason one is because, for the past 15 years, retirement portfolios had been devastated by stock market fluctuations, resulting from a greater prevalence of boom and bust economic cycles. It is quite possible that currently, another bust cycle might be unfolding, in spite of the Trump apparent bull market.
- The second reason is that of the adopted Federal Reserve policy of creating an artificially low-interest rate environment in an attempt to sustain the continued growth of the stock market and support of the current real estate recovery efforts.
- These two economic conditions primarily affect income investors because of the low yields being offered by the customary available fixed-income investments, such as bonds, CD’s, savings, and money market accounts (MMA). The combination of a reduced interest rate environment and increase stock market volatility has dramatically impacted the livelihood of the fixed income investor. Moreover, it has forced these investors to take greater levels of investment risk by incentivizing them to seek higher yields by investing in the stock market; in essence, the place that has created most of their financial problems.
Posted in Interviews
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Posted by Literary Titan
Explosions and mayhem make up the introduction to Lucas Sterling’s debut novel, Srepska, immediately throwing the reader into the after effects of a massive cyber attack in Kenya. Personal, business, and federal accounts have been digitally looted leading to a state of emergency. Fearing repeat on a larger scale, Agent Frederic Ulrich is tasked with seeking out those responsible, though the feared group ‘Srepska’ is immediately suspect. The scant bread crumb trail points to the U.S. as the next target, but a possible mole leaves Agent Ulrich unsure of friend or foe. With the aid of Lars Christopherson, he must find a way to inform and prevent the next attack.
Srepska is definitely deserving of it’s place in the action genre. Lucas Sterling brings to the table an adrenaline packed story that is made all the more intense by it’s relatability. Set in modern day, the Information Age as we like to call it, Srepska is a story you could very well see taking place in our own reality, the focus being a cyber attack. The suspense is therefore intensified given the fact that such attacks in the long scheme of things are still fairly new, meaning effective defenses are still being regularly updated and changed. This is felt throughout the book by many of the characters, with concern on how to combat such a threat that initially seems faceless.
We follow Frederic Ulrich and Lars Christopherson through the story as they team up to put a stop to things. Sterling presents us with two characters very strong in their trade. We are treated to an inside look to their jobs, but the characters themselves lack some dimension. This could be due to how fast paced the story is, moving from action to suspense and back again in quick succession, leaving little room for character development.
Following the bread crumb trail of clues is exciting given how so many countries have been after this group for so long. Things just seemed to fall in to place too easily in some respects. And I felt that there were some sections where settings were over explained, when all I wanted to do was to get back to what this novel does best, the action!
All in all, Lucas Sterling’s Srepska is quite the page turner. The fast pacing keeps the reader engaged and the highly relatable and believable content adds to the feeling of suspense, leaving the reader all the more eager to see the success of the main characters in their goals. A very exciting read!
Pages: 239 | ASIN: B075V8C8HL
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