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Everyone Focuses on Being a Landlord, When You Can Be a Lienlord

The definition of landlord is “a person who owns a building or an area of land and is paid by other people for use of it”.

When a person chooses to invest in the real estate market, a common income stream is to become a landlord. Generally, the real estate market is a stable and profitable income source. When the economy is on an incline, the profit margin can produce 10-15% ROI. You can usually expect to receive both passive income on a monthly basis with renters while acquiring equity in the home. On paper, this sounds like a win-win scenario.

However, as a landlord you have a lot of responsibility.

You are legally bound to providing a healthy living environment for your renters, you are required to have your property insured, you take the late-night phone calls that the water heater is broken, you communicate with the tenant as to why they were unable to pay utilities that month, etc.

What if we told you, you don’t have to be a landlord to receive the benefits of a landlord?

Let us explain.

The term “lienlord” refers to a person who owns a mortgage note and that debt is paid by the borrower (or homeowner). When a homeowner doesn’t make their payment for a duration of time, the mortgage gets sold from the bank to an investment company, such as Revolve Capital Group. We receive our assets directly from Top Tier 1 banks. When an investor (like yourself) purchases the note from us, the investor now becomes the “leinlord” (or the “bank”).

As the lienlord, you can benefit from owning the mortgages via the bank without having to be responsible for property repairs/maintenance, property taxes, legal-renter responsibilities, property taxes or renter issues that come into fruition with traditional real estate investment routes like buying rentals or buying fix-and-flips.

Property Repairs/Maintenance

Put yourself in the position of a homeowner. You take a mortgage out from Wells Fargo, for example, and you go purchase a house. Hypothetically, if your water heater breaks in the middle of the night would you call Wells Fargo to fix the water heater? Typically, no. The reason for that is the responsiblity of taking care of your home lies on you as the homeowner.

Let’s apply that same principle to being a lienlord vs a landlord. As a landlord, it is your responsibility to fix the water heater. As a lienlord, you are acting as the “Wells Fargo” and you don’t take those calls. Essentially, the lienlord is the bank -and- when you purchase the housing note, you become the bank. You would become the “Wells Fargo” and you (similar to the “landlord”) can continue receiving passive income coming in from the homeowner every month, and when you’re ready you can still sell the note to another note buyer. As a note owner, you also have the option to do other types of exit strategies or creative financing options.

Legal Responsibilities

With being a landlord comes endless levels of responsibility to accommodate renters. There is an implied warranty of habitability, which ensures the renters live in a safe, healthy and clean environment. Health and building codes must be followed, safety features need to be maintained regularly. The responsibilities trickle down even to proper handling of abandoned property. In the event the tenant must vacate the property, if they leave items in the rental they have to be properly stored, the tenants must be notified of where to pick up their belongings. Your main focus needs to be how to recoup and refill that vacant rental if you haven’t received rent for that property in a number of months and instead you are having to worry about the abandoned property from the previous tenant. Similar to property repairs/maintenance, when you’re the leinlord you are now the bank. Chase Bank, Wells Fargo, Bank of America, the bank that owns the mortgage to your home is not legally responsible for traditional landlord-tenant laws. When you “become the bank”, you collect the monthly payment while removing yourself from being legally obligated to maintaining a habitable environment, health/building codes, safety features, abandoned property, etc.

Property Taxes

You are also financially responsible for property taxes. If you have 10 or 15 rentals, you have to pay taxes on all those properties even if the renter stops paying. According to SmartAsset.com, “the national average property taxes are 1.211% of Assessed Home Value, averaging at $3,028”. If the condition of the rental property is average or below average, you are potentially using your profits to make repairs on the home, then to add yet another financial responsibility, such as property taxes, can reduce your profit margin even further.

Control of Terms and Interest Rates

As a leinlord, if you feel the terms of your agreement with the homeowner (the borrower) are unfavorable, you can control the terms and change them as you see fit.

If the homeowner was originally financed at (for example) 4.5%, and they stop paying on their home for 12 months, and the bank then sells the now non-performing note off to a company, like Revolve Capital Group. We will then sell that note to an investor (like yourself), and let’s say you turn that note into a re-performer. Because you own the note, and because you are now the leinlord (you are now “the bank”), you have the power to renegotiate the deal. You have the power to renegotiate any part of the contract you would like.

For example, you can change…
– The term
– The duration, how long the loan is going to be valid for
– The interest rate
– The monthly payments
– Is it going to be a potential balloon payment?
– Will you advertise the payments over a 15-year time frame, then after 15 years require the rest of the balance be paid at once?

So long as you are within the legal limits and not conducting unethical practices like predatory lending, you have the power to do so. If you plan on changing terms, make sure to research usury laws so you know the maximum amount of interest that can be levied.

There is not only 1 term that can change when you take ownership of a note, but you can also change anything you deem necessary because you are now the bank.

Emotional Investment

To remove another layer of responsibility, you can choose to completely remove yourself from the decision making process. If you’re used to this type of real estate investing, you understand what it’s like being in the position of the landlord receiving a call from the tenants that the wife got sick and the husband lost his job. Now you are in the position to decide if you will let them continue to not pay for the next 3 or 4 months rent. There is a huge emotional tie to being a landlord. However, working with a vendor/servicer, you have the benefit of choosing to remove yourself from personally having to deal with these issues when they arise.

Vendors / Servicer Utilization

We have a network of nationwide vendors who can be as involved or as uninvolved as you direct them. The vendor will go through a process we call KYC (know-your-customer), which is a “know your client” type of process where they will find out what you’re looking for in a vendor and what expectations you have for your assets. For example, if you own a non-performing note and the homeowner starts paying, the non-performing note would turn into a re-performing note. These vendors will handle that entire process with your instruction. Another example would be if the homeowner is asking for a reduction in their interest rate, let’s say there were paying 8% and now they’re wanting 4%. The vendor will come back to you as the leinlord, request your approval or denial, and continue according to your instruction. You are able to take a step back, allow the vendors/servicers to take over some or all of the management, and you can focus your energy, time, and resources on other aspects such as growing your investments. The secret to the buying notes and which investment company you choose to utilize is within their network of vendors.

The traditional real estate world generally pushes one of two exit strategies:

1. You purchase a run-down property, rehab that home, decorate it high end, and sell for a large markup.

2. You maneuver into a long-term cashflow by purchasing a decent property, find occupants, and you will become the landlord.

By taking the alternative approach to investing you can become the actual lienholder to that same property. Ultimately, you can make the decision if you don’t want to take the late-night “landlord” phone call, because you prefer to take calls during business hours. Being a leinlord allows you to take on investments that you can own for the next 30 years while the homeowner continually makes payments, but all the property condition concerns fall on the shoulders of the homeowner.

There are many downfalls to becoming a traditional landlord. Choosing to become a landlord comes with a lot of responsibility… this includes general property repairs/maintenance, legal responsibilities, property taxes and emotional investments. When you make the decision to become a lienlord you reap the benefits of being a landlord without the same negative drawbacks. Because you are now “the bank” you can control the terms and interest rates, and by utilizing our national list of vendors/servicers you can remove yourself from the majority of those responsibilities and you can focus on your monthly passive income.

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The Challenge of Ethical Investing

In the investment world there are times when things do not go exactly as planned. As an investor, sooner or later, you may be faced with ethical dilemmas bringing you to that moral fork in the road. Do I foreclose on the homeowner or do I put more energy into the deal? This is a very real-world decision you may have to make.

Picture these scenarios:

When a monthly payment is missed, whether it be a mortgage payment, car payment, student loan, etc., you will soon be getting a call from the owner of the debt. You can surely hop into the seat of the homeowner receiving the call from the bank asking “where is our money?”. You can also imagine being the bank needing to collect money from the homeowner.

Sometimes, we will takeover a file from a company who was working on a modification with the homeowner. The company that sold it to us did not finish their discussions before closing the deal. We inherit the file and take over contacting the homeowner. If the homeowner answers, they usually have their guard up. In some cases they were talking to previous note holder just weeks prior. Unsurprisingly, they are confused that we are now claiming to own the note. This becomes a dispute of the homeowner saying “you don’t own my mortgage”. This results in us having to show them that we are in fact the note holder, we will then supply them documents that prove our ownership.

Once that is handled, we now have to settle the dispute of…

– Do you want to stay and pay?

– Do you have enough income?

– Do you have the ability to make the payment after you make your car payment, groceries, gas and all living expenses?

 

Now pretend the homeowner is on disability and receiving medicare/medicaid but their funds have been stalled for the past six months. They inform you that their medicare has been switched back on and they are now able to make their monthly payment on time each month. A little bit of ethical decision-making comes into play that causes us to be a human and look at them not as a file number but as a real person. It makes us think of how we would want to be treated in this situation and say yeah, maybe this doesn’t follow the guidelines of what I wanted to do initially but I also want to do right by Mrs. Smith who has been in the house since 1974.

 

As with all investments, there may be oversights when purchasing a file. Should an issue arise, ask yourself “what was my original strategy?”. How long did you want to be in the file for? Do you event want to mess around with these scenarios or would you rather sell the note for a higher price than what you bought it for? These are some of the decisions that we face as note investors. Some issues are exclusive to notes and are new-to-you if coming from traditional real estate. These speed-bumps are manageable and you have multiple exit strategies to pursue.

 

Ultimately, there are various routes to take in the note industry that cause us to look at everything in real time, make hard decisions, and have our servicer or loss mitigation team make a decision as it comes up. In an industry full of loan numbers, debt, and labels, sometimes it pays off simply be human. There is still profit to be made while showing compassion. Many times both sides win and that is the beauty of notes. Making money, while helping people.

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4 Reasons for Choosing Revolve Capital for Your Next Note Portfolio Purchase

At Revolve Capital, we are proud to have long-standing relationships with our clients. While ensuring transparency is key, we feel every aspect of the business is important. Each stage of the process, from product selection through post-close, we work with you every step of the way.

We separate ourselves from the competition by not only helping with the purchase but also helping our clients grow their portfolios. By creating a long-term relationship, we ensure success for you and us both.

How does Revolve Capital assist the client in growing their portfolio? Visit our new blog post now:

Consistency of Product

We are aware of how important regularly available inventory is. If you are in the process of talking to your investors and raising capital, you need to be purchasing your assets from a company you know will continue pumping out assets on a consistent basis.

We regularly update our website with general criteria of our available inventory (contact our Trade Desk for a more detailed list of assets.)

Safe Purchases

The assets we purchase and we sell to investors have been put through a heavy vetting process. We always vet, qualify and disqualify deals before we even purchase them. Therefore, we know the deals we eventually bring to market have been tried and true amongst many different vendors and eyes (other than our own). We utilize many third-party companies to vet our product.

Clean Collateral (Recycle Your Money)

Our collateral will always represent a clean product. We will always notify you when you are purchasing (for example) a single-family house, that is secured by real estate, you are in the first-lien position, and anything else that we say we are selling you that is included in the file is accurate. If you find the product is not as represented, you can always come back and recycle your money -or- get your money refunded back based on the reps and warranties given.

Post-Close Asset Management

The post-close management process is one of the most important aspects. Our clients see their money enter the real estate market and truly be worked to the hill so that it comes back to them. If you put out a dollar, then a dollar-quarter comes back to you**, and you can rinse and repeat and surely grow a business.

**These numbers are estimated based on past client purchases. Not guaranteed

We assist our clients in growing businesses, -and not just their business but also growing their investment profiles. If you are ready to purchase a note portfolio with Revolve Capital Group, contact us today and we will help with growing your investments.

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Business is Booming

Business is Booming at Revolve

One of the benefits that our clients have when choosing Revolve Capital is we purchase bank direct delinquent loans directly from Top Tier 1 banks and sell these same loans to our investors. By purchasing these delinquent loans from Revolve Capital, you have the opportunity to become the bank. This creates a passive income investment play with many more exit strategies available vs traditional real estate investing.

Revolve Capital Group is committed to providing a simplified purchasing experience to our investors. For more information, get signed up with us today by CLICKING HERE and learn how we can assist you in growing your investment portfolio.

The Secret to Buying Notes and Who You Choose to Invest With

One of the more common problems that we repeatedly see in the real estate industry, whether it be traditional real estate investing or investing in the distressed note industry, is that investors are hesitant to purchase outside of their own backyard. Sure, investing in your own city has the benefit of driving to the property, seeing the condition of the home, looking at the neighborhood or seeing the crime area. Even these seemingly “beneficial advantages” have drawbacks. Ultimately, you are still using your valuable time and resources to complete these tasks. There are ways that you can work smarter instead of working harder, and the many benefits extend farther than simply “living within driving proximity to your investment property”.

The secret to buying notes and which investment company you choose to utilize is within their network of vendors.

Over the last ten years of our experience, we have cut our teeth on utilizing many different companies on exercising the day-to-day needs of the business. National vendors that can run title, national vendors that have access to 65,000 real estate agents across all 50 states that within a 3 day period can get you back pictures (exteriors or interiors depending on the occupancy) within 3-5 days. Simply put, having an extended nationwide network of vendors allows you to scale your business, increase your profit margin and become a more passive investor. If you’re wondering how you have come to the right place.

Increase Opportunity

Using national vendor databases will increase the opportunity to invest outside of your own backyard. For example, if you’re in California then the discounts that the banks are selling distressed loans are much less than either Michigan or Ohio.

If you have the right ecosystem in place, which we give to you here at Revolve Capital Group, to help you turn a profit quicker…. investing outside of your own backyard almost feels normal. We’re located in Anaheim, CA and most of our product is in the mid-west and the East coast. That is not just by design, it’s because the discounts are far greater in that part of our country and our national vendors give us the ability to expand our investment portfolio to areas that provide steeper investment discounts.

Decrease Responsibility

National vendors assist with big tasks such as making the cold-calls, taking the property photos or even construction needs for home rehabilitation and renovation. Simultaneously, the same thing goes for smaller tasks such as documentation. At the end of the day, most investors do not want to house the documents in their personal files that their children, wives, or even a potential natural disaster can effect. Having those documents at a company that can take on the responsibility of storing those and inventory those. By allowing them to file your documents you will decrease personal responsibility… and ultimately you can free up your resources and focus in other areas, such as growing your investments.

Defer Accountability 

Allowing the vendor to be the direct contact for the homeowner will defer accountability. What is your plan regarding who will communicate with the homeowner? Who will make the cold calls? Who will adjust the interest rates? By using a vendor you can take the pressure off yourself and defer these tasks to a servicer.

These vendors, as a part of the on vetting process of bringing you aboard, will determine your needs by going through a KYC (know-your-customer) evaluation. To use an analogy, comparing a landlord to a renter is the same thing that could happen from a lien lord (or note holder) to an occupant/homeowner. If the loan goes from non-performing to re-performing then these vendors will handle that entire process at your instruction. At times, you may not want to give too low an interest rate. They may have been asking 8% interest rate and they’re asking for a 4% interest rate and the vendor will come back to you (the owner of that deal) and ask your approval and proceed per your requests. In this example, you may consider that 4% is far too low, even lower than today’s 30-year fixed interest rate. Therefore you might deny the interest reduction. The KYC evaluation allows you to get to know the vendor, and the vendor to get to know you and your wishes for your investments.

Allow Scalability

The price point to utilize a servicer is nominal in the swing of things, and using outside sources can allow scalability for your investments. Ultimately, it’s less a function of finance and more a function of time. We believe if you have a full-time job and you invested in real estate on the side, you absolutely need to be accessing vendors because that’s a scalable way to do business. It’s a scalable way for you to have a side investment vehicle. If you would prefer to do this full-time, then you could still quarterback the vendor to carry out the decisions that you’re making but they’ll come from your instruction. Otherwise, if you do it as an alternate business (or as a side business) the vendors will take your instruction, but they will be working nine-to-five every single day. The vendor could be working your files with or without your instruction essentially.

Facilitate Functionality

Vendors have experience, knowledge, and resources available to facilitate functionality. By becoming a more passive investor and taking a step back to allow the vendors to take care of the process start-to-finish you are essentially allowing the backend duties to function optimally. Your work-flow will be streamlined and with everything being directed by the vendor, you can focus your attention to other aspects of your business. However, if you would prefer to learn, roll up your sleeves, and do it all yourself then you also have the opportunity as well and the vendor will allow you to do that. Depending on how “fast you want to dive the boat” is how fast the captain will give you the wheel to take over.

We believe one of the single most important factors you need to take into consideration when choosing the right company for you to invest with lies within their network of vendors. By utilizing outside resources, you can benefit from increasing opportunity, decreasing personal responsibility, deferring accountability, allowing scalability, and facilitating functionality.

 

Our vendor network is something that we give our clients that is a tried and true test over the last 10 years of companies that carry out the infrastructure of this business. Unfortunately, there are not too many firms, companies or note sellers that will instruct you on who to use as a vendor to operate this business. They expect you to already have that handled. The mindset of “you’re already coming to us for product so you should already have your ducks in a row”. There is not an “educational book” out there that teaches everybody A-Z. This is why we tried to separate ourselves by offering this network of vendors/servicers for free.

Now you can play a part in the exact systems we have put in place to create Revolve Capital Group. So you can feel comfortable expanding your investments using our established national vendor network.

Smart Investing | Where to Buy Distressed Notes -and- What is Your ROI?

What is Your ROI?

We always hear terms like ROI or what is your “standard ROI”…. “Return-on-Investment”

If you watch shows like Million Dollar Listing or Flip or Flop, you might notice investors paying .80 or .90 cents on the dollar for their investment properties, which comes with all the glitz and the glamour.

Instead, you could learn to purchase deals we are selling nationwide on a consistent basis for .50 or .60 cents on the dollar. For example, we just had a deal worth $140,000 and it’s on the market now for $90,000. That’s .60 cents on the dollar. Why would you go out and pay $120,000 or $130,000 for that exact same property?

My question is… What is your ROI?

Learn more now by visiting our Getting Started to see how you can obtain these deals and our available inventory.

Keep the Ball Rolling with 6 Creative Exit Strategies

When our clients purchase a distressed mortgage note, they generally have an idea of what they plan to do with the note. However, like with any plan, sometimes things do not pan out as expected. You may not be able to get ahold of the homeowner, you may not be able to come to a financial agreement or you may want to foreclose but after hearing the story of the family you decide to work with them to keep them in their home because you choose the ethical investing route. If you purchase a distressed mortgage note that does not align with your original game plan, there are multiple exit strategies available to keep the ball rolling. After all, you are now the bank and the ball is in your court.

One key benefit when investing in the note industry is you are not “married” to any note. If it is not working you have options…

Keep Circulating Your Investments

If you purchase a portfolio of loans, you might have (for example), 8 non-performing and 8 re-performing loans. Your original plan was to renegotiate the terms with the homeowner, however, you could not come to an agreement with 4 of those loans to start paying again. Now that you have 4 loans that do not align with your initial investment strategy, did you know you actually have the option to put those loans back on the market? You can either sell the loans privately or find a broker to sell the deals for you. When purchasing one of our bank direct assets, it is not uncommon to receive 20-40% ROI. Meaning, you are still potentially able to turn a profit. Whichever you choose, if you play the game right you can grow capital while circulating your investments.

Utilize a Creative Exit Strategy Approach

Before deciding to continue circulating your investments by selling off your loan, you can also choose to take an alternative or unconventional approach.

If you keep up with our educational blog posts, we tend to compare the traditional real estate industry vs. the distressed real estate industry. Typically, a traditional single-family home real estate investor has two main exit strategies. You are either going to decide 1) Am I going to put money into this property and dump a bunch of money with my contractors/construction crew, then renovate this as low as possible so I can eventually re-flip it and turn a little profit, then rinse and repeat and do this over and over again -or- 2) Am I going to clean this property up a little bit and create a rental play as a landlord.

By putting a new spin on the way you invest, you are talking about buying distressed notes (the mortgage debt). Generally, you have about 5 or 6 exit strategies to start with, then there could potentially be more depending on if you are a short-term investor looking for capital growth, or are you a long-term investor looking for consistent passive income.

What creative exit strategies are available to you?

  1. You can try to avoid foreclosure altogether
  2. You can convince the homeowner that foreclosure will affect their credit for the next 7 years, and to avoid it you will rid the debt entirely if they sign the deed over to you. You could even offer the homeowner a first and last months rent at a new place, this is called a deed-in-lieu or cash for keys
  3. You can convince the homeowner that we can do a short sale on the home and approve it within 48 hours
  4. You can give the homeowner a modification that allows them to stay in the home and continue to pay
  5. You can work a deal with the homeowners friends/family members to purchase the home at a reduced payoff, and the homeowner will make subsequent payments to the friend/family member which they will then be off the hook with you
  6. You can work with the homeowner if they went ahead and filed bankruptcy
The Ball is in Your Court When You are the Bank

When you purchase these bank direct assets, you can make these kinds of decisions. The ball is in your court when you are the bank. Furthermore, these are the same offerings that the bank can offer its customers but because they have not set up an infrastructure to carry out loss mitigation and debt collection loans that they originated, it is not in their business model to offer creative financing. The quarterback doesn’t run down the field and catch it. The functionalities are separate. At this point, a firm like Revolve Capital would come in and alleviate the bank’s issue by not being able to collect on a debt that is not paying them. We offer the bank a bump above 0, which clearly is an incentive for them to sell it.

There are a handful of different ways that we can look at buying a mortgage for a steep discount. Depending on which route we want to take, all of those routes mentioned to you are profitable and if you bought that loan for $50K, but it is worth $100K, all of the routes we just walked through would sell that deal for much higher than the $50K price you bought it for.

When you are “the bank”, the sky is the limit because you do not have traditional or expected rules to follow, you can utilize a creative exit strategies… and if you decide the deal you purchased from us is not panning out how you expected there is the option to sell the whole loan (private party or with the use of a broker) and keep circulating your investments, then move on to the next portfolio of assets.

Keep the ball rolling by expanding your note investments. If you’re interested in expanding your note portfolio and utilizing creative exit strategies, get started now by clicking here.

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Banker Counting Cash Money

Why You Should Start Purchasing Bank Direct Assets

About Bank Direct Assets

At Revolve Capital Group, we receive questions regarding the benefits of purchasing bank direct assets. What exactly does it mean to have a bank direct asset? How can you, as an investor, benefit from purchasing a bank direct asset?

The further you are removed from the bank that originated the delinquent mortgage, essentially the higher the price point you will be paying for the note. The more it’s been circulated around the marketplace means there are more companies that have their arms wrapped around the files. Most likely, there are fees and costs dumped into the files. If these companies cannot get the result they were expecting in the time frame they were expecting they will eventually sell that deal. They will have to recoup some of the costs they put into it, which obviously would elevate the price point of the deal higher than the original person who bought it.

That charade will continue around and around until eventually a loan gets blown into under your books. At this point, the delinquent loan could either be severely discounted or severely inflated based on how far you are removed from the bank. Being able to get yourself closest to the bank selling loans, delinquent loans, or even re-performing loans will allow you to capture a wholesale price point or as close to a wholesale price point as possible.

Buying Bank Direct Assets Through Revolve Capital

One of the benefits that our clients have when choosing Revolve Capital is we purchase bank direct delinquent loans directly from Top Tier 1 banks and sell these same loans to our investors. By purchasing these delinquent loans from Revolve Capital, you have the opportunity to become the bank. This creates a passive income investment play with many more exit strategies available vs traditional real estate investing. For further information on this topic, we have laid out the benefits of converting your traditional property investments to delinquent mortgage loans here: Put a New Spin on the Way You Invest.

Revolve Capital Group is committed to providing a simplified purchasing experience to our investors. For more information, get signed up with us today by CLICKING HERE and learn how we can assist you in growing your investment portfolio.

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Auction or Judge gavel on a laptop

Buying Homes at Auction VS Buying Notes

Learn to Purchase Home Prior to Auction

Traditionally, when an investor wants to purchase a foreclosed home they would typically go to the courthouse where homes and assets are auctioned off at discounted prices. Is buying homes at an auction the best method in obtaining an investment property, and more importantly what is the best way to use your resources when it comes to buying homes at auction vs the note?

The all-out craze in buying homes at auction has dramatically decreased since the height of the 2008 residential mortgage crash. The main reason(s), competition from newer buyers and less inventory. Since the foreclosure moratorium of 2010, foreclosures were halted by many lenders so that a less expensive route could be sought after, loan modification. We would recommend learning to purchase the home prior to going up for auction. You can purchase the same piece of real estate for roughly 30-40% cheaper than at auction. By purchasing the actual mortgage note from the foreclosing bank, you could save yourself thousands of dollars by learning to acquire the actual debt vs. the property itself.

Buying Homes at Auction

Buying homes at auction can typically turn a seemingly “smart” investment into a nightmare. How may an investor know the interior condition of the home, prior to auction? He can’t, he must wait until the offer is placed and the bid is accepted to take ownership of the property to eventually get inside. You must fully understand the scope of work the property will need to bring to market, to sell quickly. Therefore, we recommend learning how to buy the same property at auction well before it’s listed.

For example, instead of purchasing a $100k property for $90k at auction, you could learn to purchase the same house for $55-60K buying notes.

Buying Notes

Purchasing a distressed mortgage note enables the investors (like yourself) to purchase homes for a fraction of the price you would at auction, and getting it before it heads to auction. This gives you a greater return on investment with less room for error. Buying notes give steeper discounts and usually provide larger profit margins.  Our sales team has national portfolios ready so you can take the guesswork out of purchasing real estate at auctions, and start buying notes and purchase custom-tailored distressed real estate tapes. Our management team and sales floor are standing by. Please contact us to see what options are available to you.

Freddie Mac Mortgage Rates Raising for Four Consecutive Weeks

According to the HousingWire… “Mortgage rates inched forward for the fourth consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage increased once again to its highest level since May.”

“Amidst this four-week climb in mortgage rates, the welcoming news is that purchase applications have risen on an annual basis for five consecutive weeks; however, given the widespread damage caused by Hurricane Florence in the Carolinas, the next few months of housing activity will likely be somewhat volatile.”

SAM KHATER

Please click HERE to read the original article.