About Paper Profits Fund

Helping accredited investors earn passive income through mortgage note investing since 2012.

Joshua Andrews

Founder

Joshua Andrews

I started in mortgages in 2007 as a loan officer. My first note investment was a $19,000 performing mortgage I bought through my self-directed IRA.

By 2012, I was acquiring defaulted junior mortgages from banks and credit unions, working with borrowers to settle debts and preserve homeownership.

Over the years, I've purchased, managed, and sold more than 1,000 mortgage notes.

I started the fund to give other investors access to this asset class without the steep learning curve. My own money is invested alongside yours.

Since 2012

Investing in notes

1,000+

Notes managed

2017

Book published

CFO

Jane Wabs

Jane is a CPA with over 20 years of expertise in accounting, tax planning, and retirement investment strategies.

She joined in 2020 after a 15-year career in corporate finance. Jane has owned and operated multiple businesses and is an experienced real estate investor in both commercial and residential properties.

Her expertise in structuring complex financial transactions and her meticulous attention to detail keeps our fund operations running smoothly and our reporting transparent.

20+ Years

CPA experience

Jane Wabs
Lois Croft

Client Services

Lois Croft

Lois is an experienced Executive Assistant with nearly two decades providing direct C-suite support and managing the operational details that keep businesses running smoothly.

She brings a strong background in executive support, organization, and day-to-day operations, with healthcare experience where discretion and accuracy are essential. She is known for a calm, detail-oriented approach that helps ensure key priorities are handled efficiently and reliably.

She has been a trusted partner in high-trust executive environments for many years.

At Paper Profits, Lois keeps operations organized, communication clear, and day-to-day execution running smoothly behind the scenes.

20 Years

Executive support

How the Fund is Structured

Professional infrastructure to protect your investment.

3rd Party Oversight & Custodian

NAV Fund Services provides independent fund administration, investor accounting, and custodian management.

Aligned Interests

We do well when you do well — our fee structure ensures our interests are aligned with investor returns.

Full Transparency

Quarterly reports, investor webinars, and direct access to management.

What We Believe

1

Transparency Builds Trust

We share everything — the good deals and the challenging ones. You'll always know exactly how your money is working.

2

Aligned Incentives Matter

We invest our own money alongside yours. When you do well, we do well. That's how it should be.

3

Conservative Underwriting

We pass on far more deals than we accept. Protecting your capital comes before growing our portfolio.

4

Education Over Sales

We'd rather have informed investors than rushed ones. Take your time. Ask questions. We're here to help you understand.

Paper Profits Book

The Book

Paper Profits

In 2017, Josh wrote Paper Profits to share what he'd learned from years of buying and selling mortgage notes. It's a beginner-friendly guide to understanding this asset class.

Whether you're considering investing with us or just curious about note investing, the book is a great place to start.

Get Your Free Copy →

Let's Talk

Have questions? Want to learn more about how we work? Schedule a 15-minute call — no pressure, no obligation.

Schedule a Call with Josh