First trust deeds are a unique form of real estate investment that provide investors with collateralized returns. In this introductory guide, we will explain what first trust deeds are, the benefits and risks, and walk through an example investment scenario for those looking to get started with this alternative real estate strategy. By understanding first trust deeds, investors can diversify into real estate backed assets with fixed income characteristics.

Defining First Trust Deeds and How They Work
Expand on definition and mechanics of first trust deeds here. Explain relationship between borrower, lender, and property etc.
The Pros and Cons of Investing in First Trust Deeds
Outline advantages such as priority claim, fixed returns etc and risks such as illiquidity, default risk etc of first trust deed investing strategy here.
Walking Through a First Trust Deed Investment Example
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Summarize key points on first trust deeds and tips for those interested in this real estate investment strategy.