TruHome FOR SALE: 1627 East Indiana Street, Evansville, Indiana

Great Starter Home-You Just Move In! No Work Needed!
Price: $87,500

Renovation in Progress-House will be ready April 5th (2 Beds/1 Bath). Great starter home that only needs for you to move in. First-time homebuyers we want to talk to you! Financing available through Old National/ Land Home Financial. Down Payment Assistance is Available! This home includes:
-New Roof
-New HVAC 95% efficient unit with a 2 Ton AC Unit
-The entire home was re-wired with new electrical and a new Breaker Box
-All new Double Pane Low E 
-6-foot privacy pressure treated wooden fence in backyard with a Fire Pit
-Gravel driveway
-New downspouts and soffit
-EcoBee Thermostat
-Ring Doorbell
-Ring Security System
-1 Year Home warranty

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Who We Are:

TruVest collaborates with local communities, homeowners, and cities to develop affordable housing. Investing in communities to drive economic growth, create quality housing and financing options to improve neighborhoods and families quality of life. We strive to make a meaningful impact in every aspect of our collaborations and companies culture and core values

Contact Us: Phone:(833) 878-8378
E-Mail:info@truvest.co


Evansville Promise Zone Partnership Announcement

If you are available please join us on Monday, February 11th at 1:30 pm CST to announce our new affordable housing partnership. The Promise Zone has formed a partnership with TruVest to rehab 25 homes in the Promise Zone in 2019. They are working with local realtors, the Evansville Land Bank and the Promise Zone to locate houses suitable for rehab. People with credit scores of 600 or more will be eligible for mortgages through Old National Bank (other qualifications may apply). If a person does not qualify for a conventional mortgage, TruVest will provide financing based on each individual situation. The press announcement will be at 723 East Oregon Street. Hope to see you there…


How to Build a Mountain of Wealth Outside of the Stock Market-Part 2

Another week has come and gone and the Markets finished on a downward slide. I am sure some of you are experiencing some heartburn with your investments. Are you being proactive with moving your investments in and out of the Market, or are they tied up in your 401(k)? The one thing that I wanted to make sure for myself that I had full control of my investments as they are my retirement nest egg. In my last post I provided an overview of real estate note investing niche and the two types of investments that are available to you and me. In this post I want to discuss the ins and outs of performing notes.

A performing note A.K.A. is a mortgage that you or I can get from our local bank. Once your mortgage is funded by your lender or broker it either is serviced by that entity or it could be sold to another financial institution. Mortgages are sold in what is called the primary market. The major players in this market are banks, credit unions, and mortgage brokers. Now you are asking yourself where to do I come into play? You come into play in the secondary market. Before, I go into too much depth on the secondary market I want to give you an overview of Mortgage Backed Securities(MBS). Mortgage Backed Securities were created by President Lyndon Johnson when the Charter Act was passed in 1968. The original concept of MBS was to allow banks to sell off mortgages that would in turn allow them to free up funds to lend to other homeowners. The simplest MBS is called the pass-through participation certificate. This MBS pays the holder principal and interest payments that have been collected on the mortgage. This MBS is the most common you and I will invest in the secondary market. The creation of MBS also allowed non-bank institutions to enter into the mortgage business, and lenders were able to get their cash back in the secondary market instead of waiting for 15 to 30 years for the mortgage to mature. This brings us to the 2000s when the industry decided to become creative in offering complex MBS to entice new homeowners. We all know how this finished! I am not willing to rehash history, but if you want to read more about MBS here is a great website.

With all that out of the way lets talk about how you and I can invest in the secondary market. There are numerous ways to invest in the secondary market, but I am going to cover the three options I have experience with. First, purchasing directly from banks, lenders, hedge funds, and mortgage brokers. This choice is for a person that is looking to be a full-time investor, and he/she will have to build relationships with these financial institutions. Specifically as I have done in my career many times one has to "Dial for Dollars" to Asset Managers. These individuals control multi million dollar portfolios for their respected banks, and their job is to make sure these loans are sold and off the books before the end of the banks' fiscal year. The 2nd option is to purchase directly from private sellers. This option too has some full-time aspects as in you have to market your business to potential sellers in the form of phone calls, website presence, email marketing, and direct mail campaigns. A private seller is typically an individual/couple that has sold their home to a buyer on Contract/Owner Financing, which is another form of a MBS. Another nuance of contracts/owner financing transactions is that you need to ensure the loan was originated per Federal and State Laws. The biggest challenge I have experienced with these MBS is the contract violates State usury laws. When that is discovered the contract has to be re-written like a new loan. All terms stay the same except the interest rate on the loan is lowered and the home buyer will sign the new loan documents. The 3rd option is to be a private lender. Simply put you are the bank and you are lending funds to investors with an ROI expectation. This option by far is the easiest way to start investing in MBS.

There are endless investment vehicles that one can choose from, but there are not many investments that have a greater impact on society as a whole like MBS. When you invest in a contract/owner financing transaction you are providing financing to home buyers that otherwise would not be able to obtain a mortgage due to some credit challenges. In turn, you earn a healthy ROI and your investment is backed by real estate. I will leave you here for this post, and in my next post I will talk about non-performing notes (MBS), and how they too can be a great investment vehicle for your portfolio.

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.


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.


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!


What the Heck is Mortgage “Note” Investing? The Start of a Journey

Have you ever heard of people talking about note investing? Probably not! It is not a topic that you are discussing over coffee or at a social event.  Would you be surprised to know that note investing has been around since the 1950’s.  When I first heard about note investing 4 years ago I had no clue what it was and I was skeptical just like you are.  Since note investing is not part of the mainstream investing conversation, people do not believe or understand how they can invest in notes passively.  What is a note? Instead of giving you some crazy definition from Investopedia I wanted to share my definition with you: Notes are financial instruments that are used to secure loans against real property.  These instruments can be used on just about any type of real estate.  Additionally, notes play a critical role in the housing market in the form of land contracts, owner financing, trust deeds.  These forms of mortgages “notes”, are utilized for homeowners that do not qualify for financing from traditional brick and mortar banks.

Now we got the boring stuff out of the way let’s start talking turkey!  We all remember the last recession and how bad the housing market was hit.  Housing prices in some markets dropped 30% in value, and foreclosure rates were in the double-digits.  The American Economy was a disaster and there was no relief in sight.  Just like you, I do not want to go through another time like that again without being prepared.  This is where note investing comes into play for all of us. In 2016, banks/lenders sold $116B worth of non-performing notes (1st trust of deeds on Single Family Residences).  This number does not include purchases by hedge funds like Black Stone, Fortress, and GCM Grosvenor to name a few. These hedge funds are buying directly from Freddie and Fannie, and are paying between 20%-40% of the Current Market Value of each property.  When I first learned about all this I could not believe it!  I did my homework on the offerings, and I wanted to find out how I could buy directly from banks/lenders.  This is where I will leave you on this posting and on my next posting we will talk more about the journey and how banks/lenders operate in this space. Let’s work together to bring Wall Street to Main Street!