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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 here 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.

5 Tips about Housing You Can Use Today




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 check here 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-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 click here 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 here 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 website 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.

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 check here 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.

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 more info 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.

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