TruHome Trucks Hitting the Road

We could not be happier with how our Logo looks on our trucks! Be on the lookout for us around Evansville and the surrounding areas! Please follow us on FaceBook!


Are You Ready to Take Control? Side Hustle

Last night the Senate passed the $2Trillion Stimulus Bill. It is now off to the House for a vote on Friday. What this means is there will be some relief in sight for Americans and small businesses. Now, that being said we still need to be vigilant about ensuring our most important needs are taken care of. But the one thing we have to remember is that adversity either breaks us or we beat it! Now is the time to rise up and fight through this adversity! 

 

From our last post, we outlined the initial steps that you needed to take to ensure your immediate needs were taken care of. If you did not see that post here it is

 

For us that are under orders to stay home, we have an opportunity to generate some much-needed cash. What I am talking about is selling the stuff you have in your house. We all have items that we bought to just have, and now those things can generate some much needed 💰💰💰.  Here is what I am doing to generate some additional monies.

 

 

  • Sell items on eBay 
  • Clothes
  • Watches
  • Video games and console
  • Old cell phones
  • List larger items for sale on Craigslist
  • Mountain Bike
  • Desktop computers
  • Kitchen gadgets

 

 

The list above is what I identified in my house that I am going to be selling. You can also sell items on apps like LetGo and Mercari

 

I have a question for you….. 

 

How many items do you have in your home that you can sell?

 

Next Steps: Turning a Passion into an Income

 

Stay Tuned!

 

Be safe and healthy!


Are You Ready to Take Control?

As each one of us navigates this new daily life there is a lot of uncertainty what tomorrow will look like. Please take a moment each day and be thankful for your loved ones! Today, we got some good news that the Senate has passed a $2 Trillion Stimulus Bill. At this time there is very little information out there on how these funds will help small businesses and households. Right now we are on edge and want to know when this will all end.  How do we get through this? We go on the OFFENSE! In a time like this, we all need to ensure our basic needs are covered. How do you get those basics covered? 

  • Determine what you need to live on a monthly basis
    • Rent, mortgage payment
    • Utilities
    • Food
    • Car payment
    • Health Care 
    • All other bills

 

  • Are you eligible for unemployment benefits?
    • If yes, make sure you apply immediately
    • If no, are you eligible for other State or Federal assistance

 

  • Contact your Landlord or Mortgage Company
    • Ask for a deferment or forbearance for your monthly payment
    • Determine what option works best for your situation
      • If you need HELP please call us at (812) 777-5850 or email us at Ryan@truvest.co. Free of charge! 

 

TIP: Deferred/forbear payments-Options

  • Deferment- Could be moved to the back of your loan or rental agreement-Extended terms
    • Could increase your monthly payment
  • Forbearance- You will not have to make payments for a period of time
    • Payments can be moved to the back of your loan OR
    • The payments will be added to the balance of your mortgage or rent.
    • This option could increase your monthly payment
  • Contact other creditors
    • Ask if they offer deferment/forbearance/hardship programs

 

Next Steps: Side Hustle

 

Stay tuned!


TruPodcast-Corona Help Day Three

Day Three

Today, I wanted to talk about how things are going with TruVest and how we are reaching out to other small businesses to see how we can help. This virus is taking the life out of our economy, but it does not mean you cannot still thrive. If you are a bar, restaurant or other retail company there are other options available to you via social media. If you are a business that is struggling and need some assistance with your marketing please reach out to us directly at (812) 777-5850. We can help you create marketing campaigns that can drive traffic to your website or generate orders. We will run one social media campaign FREE OF CHARGE for you. If you need assistance in other areas of your business we will connect you to one of our partners that specializes in that area. Stay safe and healthy out there and I look forward to speaking with you in the near future!


TruPodcast

TruPodcast-Chasing Happiness

TruPodcast Episode 1

We are excited to be re-launching TruPodcast. The TruPodcast is going to cover three life topics:

  1. Chasing Happiness
  2. Business-Real Estate included of course
  3. Failure- How it is not a four-letter word, and how we can grow from our failures

In this episode, our guest is Alex Burton the President of the Evansville City Council. We discussed what drives his happiness, and how it took numerous times to be elected to City Council (Persistence), and his passion for Evansville! Hope you enjoy and please subscribe!


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 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.

https://truvest.co/best-day-close-mortgage


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.

 

https://truvest.co/5-reasons-real-estate-great-investment/