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/

 


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!

 

https://truvest.co/10745-2/

 


A Huge MileStone

I have to say I am a proud Papa Today! We have met a huge milestone! We are excited to announce the TruExchange Platform is ready for beta testers. Thank you for following and supporting our journey. We are looking for 10 active beta testers to participate in the launch of the Platform.  We have already accepted seven beta testers, and we are looking for the remaining to commence testing immediately!

Please use this link to enter the beta testing program: http://bit.ly/TruExch

What Does the Future Hold?


The Platform Journey-Asset Details

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