September carries greatest single-month-default surge in a ten-year period

Home loan defaults rose in September, producing the most extensive single-month-default increase in many years.

Defaults accelerated to 13.2% in September, the most substantial month-to-month increase since November 2008. This increased the nationwide default rate to 3.97%.

Generally, the month of September experiences an increase in defaults. Of the most recent 19 Septembers, 16 experienced increases, which brought the average default rate to 5.2%. This is the biggest jump in defaults for any single month.

UNCOVER MORE REAL ESTATE TRENDS

The 2nd variable that generated an increase in defaults was the fact that the calendar month finished on a Sunday, which generally causes a tremendous burden on defaults.

Moreover, Hurricane Florence, which swept the Eastern United States in September, impacted defaults to an increase of 38% month-over-month in the States it affected. Currently, more than 6,000 homeowners are delinquent as a result of being affected by the hurricane.

Foreclosures dropped 15.1% from August to virtually an 18-year low. This was actually down 11.5% from September 2017. The month's double-digit decrease brought foreclosed properties to 40,000 for the month.


How to Build a Mountain of Wealth Outside of the Stock Market

Seems like every time I either turn on the TV or read business articles all I see is that the Market is approaching a correction.? To me, that does not mean much as I have not been one that places all my financial eggs in one basket.? I like to have multiple streams of investment income when it comes to my financial future. One of those streams that I found 5 years ago was purchasing performing and non-performing mortgages.? I can hear you saying?What the heck are you talking about? I can invest in mortgages?? Yes, you can just as hedge funds and banks do.? Of course, on a smaller scale, and you too can own real estate without all the hassles of being a landlord.

Mortgages A.K.A. notes can be bought directly from banks, credit unions, lenders, and private sellers. To buy directly from banks and credit unions you would have to have established connections. Do not fret, the third option and that is purchasing notes from private sellers works just fine for us average investors. Full disclosure, my Company TruVest sells notes to interested investors. ?And I am not trying to pitch you at all.? I want to share and educate you on a different world that most investors do not know exists outside of the Stock and Bond Markets.

For this post, I just want to introduce you to real estate notes and how they can help you solidify your financial future.? Below are some basic key descriptions:

 

Real estate notes are also known in the industry as the following:

? Deed of Trust
? Land Contract
? Bond for Title
? Mortgage (Fixed or adjustable, First or second)
? Promissory Note

Typically, lenders refer to real estate notes in the following four distinct categories:

1.Residential Notes ? Those obtained by borrower(s) for use as a home or investment
2.Commercial Notes ? Those acquired by a business entity to have a location to perform business functions from or investment
3. Performing ? The borrower(s) are actively repaying the note within the note?s term and requirements
4. Non-Performing ? For whatever reason(s) the borrower(s) have ceased making the note?s required payments.

 

Mailbox Money or Risk Taker?-My favorite Question

?There are several avenues that you can explore.? The first question to ask yourself is are you looking for mailbox money or are you a bit more of a risk-taker? If you are looking for mailbox money, then you need to be looking at performing notes.? If you are a bit more of a risk-taker and are looking for a more substantial ROI then you want to look at non-performing notes.? Each of these investments can return double-digit returns in as little as 6 months. My last statement is solely based upon my experience investing in real estate notes. ?And I will share some of my deals in my upcoming posts.? I am going to leave you here for this post and next week I will be sharing more in-depth on performing notes and a few horror stories of mine from my note investing journey.

 

About the Author:

Ryan is an Executive Level Manager with over 20 years of progressive management experience in all aspects of; finance, compliance, divisional & product management, operations, advanced technology development, and real estate related investment opportunities. TruVest, infuses cutting-edge technology to identify non-performing assets that will generate multiple streams of revenue. Utilizing proven models and processes, TruVest consistently turns non-performing assets into performing, resulting in consistent solid returns.


Is There a Shortage?

I hope you had a productive week.

For some reason this week there was a ton of articles on the spring housing shortage. Is there truly a shortage? Or have our expectations gotten out of control? Can you spend a little more time finding a house that needs some "TLC" in a good neighborhood? On the other side of the equation, mortgage rates are going up, but rates are still respectable to where homeownership is not out of reach. I know from our perspective that some markets are tighter than others, but we are always able to find houses to purchase.

Is there a shift in mentality needed for homebuyers that are entering the market this year? I would like to hear your thoughts on the topic. Until next week, let's all be part of bringing Wall Street to?YOUR?Street! Have a great week and I look forward to speaking with you soon!


Transparency = Caring

I hope you had a great week!

For the past few weeks, we have been finishing up one of our properties in Indiana.

We have agreed to sell it with owner financing to a local family. This family has a special needs child. We were supposed to close the transaction this week, but there was an emergency with their child to where they had to take him to OH for surgery. We had the family scheduled with our Title Company to sign documents and close. With this emergency, they could not close and the Title Company charges a fee for "No-Shows". I was able to talk to our title representative and explain the situation. She was very thoughtful and wiped out the fee. She then told me that when the family comes in to close next week she had a few gifts she wanted to give them. It really touched me, and I thanked her many times. She said something that reminded me why I am in the business " Ryan, we all go through tough times in life, and if we cannot help one another why are we on this planet".

One of the core values we live by is "Doing The Right Thing". This situation definitely falls into that category! I am really excited to get this family?into?their home next week! I will share some pictures with you once we get them in.

 


Creating Value Means What.....

Earlier this week I spoke with a good friend about how he handles his LinkedIn account and online experiences. He told me that the majority of his connections were just looking to quickly sell him goods and services, without even taking any time to build a proper business relationship with him. What he told me really hit home, as I then realized that I was also having the very same experience with many of my own LinkedIn connections.

This approach is just not acceptable to me. I personally believe that for any mutual business relationship to be successful and of VALUE, a bond of trust should first be established..In doing so, any and all questions could be discussed as we learned about each other?s business processes and services. I am currently growing my business organically, and wish to provide you and other select LinkedIn connections VALUE. Is there something mutually beneficial that we can work on together? Does this interest you in any way? Please let me know how you feel about this idea.

 

 

 


What a Week!

This past week was full of so many emotions! We commenced beta testing for our due diligence platform, and also purchased 2 assets in Indiana. The launch of the platform by far has been the toughest challenge I have faced in my career. I am very thankful for my family, colleagues, and friends that have supported me on this journey. Now the next chapter of this journey starts this week with implementing feedback from the beta testers, creating the new website for TruExchange, and throughout the week I will be sharing our progress on our recent acquisitions.?Let's all be part of bringing Wall Street to?YOUR?Street! Have a great week and I look forward to speaking with you soon!

 

 


Have You Ever Felt Lost?

Have You Ever Felt Lost?

It seems like I misplaced my Crystal Ball

Has this ever happened to you?

That is how I felt this week, and all that I needed was just a little time to reflect

I started The Platform Journey several months ago, and I had no clue how it would turn out

This journey has taken me down several paths. Some have been good, and some have been not so good

However, this journey finishes I know two things: I have put everything that I have spiritually into this journey, and the Platform that is launched will provide great VALUE to you

Thank you for allowing me to share my personal journey with you

Have a great week, and I hope your own journey is going well!


This Week Has Been Challenging!

This week has been Challenging and Rewarding

The Platform is coming to LIFE!

Dashboard has gone from mock-up to development

Had a Discussion during the week with an individual that watched the dashboard video (https://lnkd.in/g_t6zaT ) from last week

The conversation went well, and he provided some great feedback and improvements. That all have been documented for future releases (I will share our conversation in an upcoming post)

Platform Lesson #1 from the week

Functionality is critical

And this is something I know, but this week the details got the best of me

I was too focused on getting three aspects of the platform completed and I lost sight of the end result

Providing automation and functionality for you.? I hate when I lose focus on the end result.? My passion and perfectionism got the best of me!

Which leads me down the road of tangents.? Can you say SQUIRREL!!!!

Platform Lesson #2 from the week

Never lose sight of your why

From the beginning of this journey, I have been focused on providing value

If myself and our team cannot provide this to you then we have failed

This is what drives me every single day.? I love the challenge!

What is driving you on your journey? Would love to hear from you!

I look forward to connecting with you next week!

Cheers!


I Put Everything I Had Into It

I put everything I had into it

Just could not imagine it would turn out this way

How can you go from ?zero? to a functional mock-up in a week?

That is what I was asking our developers this week about the dashboard project

They had a simple response that was astonishing? We believe in your vision!

As I am writing this I am still blown away!

The conversation that hit home this week for me was with our lead developer and myself

The topic was on our launch date and functionality

He tells me that we are on schedule to have beta testers at the beginning of February

He then dropped the bomb on me?The platform will not be perfect and will not have all the functionality you want

My response?. ?WHY??

He calmly told me ?The platform will be evolving daily for the next 3 to 6 months.?

I had one thing on my mind?..VALUE?.I asked

How do we provide value to our users if all functions are not available for beta testing?

His answer was direct and to the point ?Features we have developed for beta testing will give users back 3 to 4 hours daily by using the platform for their due diligence.?

I then added, ?Our number one goal is to automate as much of the due diligence process for our users as possible, and ensure the data we provide is accurate and timely.?

What a great conversation and connection we had.? It is great to work with a team that shares your vision and values!

Every day I know more and more I have made the right decision to develop the platform

When have you taken on a large project what have been some of the struggles you have gone through?


I Couldn't Believe It!!!


I Couldn?t Believe It!

I did not know what to do!

I have never built a platform

But John and Mike have really stepped up and have gotten knee-deep with me (Not their real names by the way)

Design plan

Domain and Company name created and secured

Artificial Intelligence requirements

API Calls and Automation established for Day One

Next week will be a full week of development and testing.? I am looking forward to testing the AI portion of the platform. (This will allow you to upload files to the platform 24 hours a day!)

There is one HUGE big ask on this project??..ME!

I know I am going to struggle right out of the gates with the platform design and functionality, and wanting it to be perfect!

Great thing is that John and Mike have already had a VERY long discussion with me on expectations and results.? Let?s see how this goes when I start testing!

Goals for the week:

  1. Be patient
  2. Know this is not a sprint?Great platforms take time to create
  3. Platform will launch with imperfections?Be GOOD with that

Just have FUN!!!

What tips/tricks can you share with me?? I can use all the help I can get!