Aninze Awanna is the owner of Awanna Holdings, a veteran-owned, woman-owned mortgage note investment business. In this episode, Aninze shares her unique knowledge of how to build generational wealth through investing in mortgage notes. Mortgage note investing involves buying and holding distressed mortgage notes to create long-term cash flow for higher-than-average returns.
Aninze explains that when someone takes a loan from a bank and can't pay back the loan, you can buy that loan and become the bank. Aninze breaks down the numbers through an example and explains what to do when you "become the bank." She also talks about possible barriers to entry for note investing, such as requiring a license in some states. Aninze shares key strategies to invest in notes, such as doing due diligence and keeping a large enough money cushion. She also explains how to mitigate risks by partnering with an active investor and splitting the ownership of the loan.
For those interested in learning more, Aninze recommends joining the NoVa Notes Meetup and connecting with her.
---------------------------------------------------------------
Connect with Sherita through LinkedIn, Facebook, and Instagram. Be sure to visit https://awannarandh.com/ for more opportunities to establish a passive income through note investing.
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
