44 The Inside Scoop on Non-Performing Notes | NoteSchool TV
NoteSchool Real Estate Investing in Mortgage Notes
Release Date: 08/06/2021
NoteSchool Real Estate Investing in Mortgage Notes
Today on NoteSchool Tv, Mr. Eddie Speed & Joe Varnadore confer about the Note Industry Update for this month of July.
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Normally, Brian Lauchner hosts our NSTV and focuses on letting our guests share their wisdom. But today, Brian is our guest! He shares his story of how he was suddenly axed from his job at a software company, with one young child and another on the way. He had to make some serious decisions fast, so he jumped into real estate investing. His early efforts focused on wholesaling and rehabbing.
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Greg and Ben used to wholesale almost exclusively. They took a long pause around 2016 and asked themselves what they want for their lives. The answer: They want more security and more freedom.
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How feasible is the note investing in California or any other State for the matter?
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Bob Repass is the Managing Director of Colonial Funding Group, LLC., where he shares overall responsibility for the management of the firm. In his role as Managing Director, Mr. Repass’ primary focus includes investor relations and regulatory compliance.
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After NoteSchool Tv live show, join the after-party and throw in your questions about the mortgage notes business.
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Greg & Ben’s goal is to build a bank with good solid assets/notes. They believe that If you do it correctly you have so many options other than just cash flow from your bank.
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“ Land is the easiest asset to cash flow” - Ben Legg
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Ben & Greg created a very simple process of buying lands. They learned that most of the sellers don't know how to sell their land thus making a simple process for their sellers became the greatest strength of their business.
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Ben & Greg share their criteria when buying land. One thing to remember is to buy good value and make sure you are protected
info_outlineThe current real estate industry is thriving due to limited inventory. But there’s a massive shadow inventory of properties that most people don’t see coming. The coming tidal wave of inventory is being driven by a huge backlog of delinquencies and foreclosures that will eventually hit the market.
Our guest this week, Chaz Guinn of Revolve Capital Group, shares his special insights into the surprisingly high levels of delinquencies, and the surprisingly high quality of the properties attached to these loans. Better yet, he joins Eddie Speed and Joe Varnadore to share their wisdom on investors can clean up by investing in non-performing loans.
Chaz Guinn is the Co-Founder and Chief ExecutiveOfficer of Revolve Capital Group. Since 2008, Chaz has built and developed multiple real estate investment firms that specialize in purchasing, managing, and selling 1st lien Non-Performing and Re-Performing mortgage debt, backed by single-family homes.
A market-maker in bringing Institutional and Wall Street investments to main street investors. Having acquired over $1 billion directly from Tier 1 banks, Investment Banks, Large Real Estate Funds, GSE’s, and Servicers.
Having structured, negotiated, and raised over $200M from high-net-worth Accredited investors and Family offices. Chaz is educating a new wave of capital, coming into the market that traditionally invested into fix and flips, rentals, the stock market, commercial properties, multi-family, hospitality, and senior housing.
Combining his education in both Finance and Economics, creating long-term cash-flow and rental properties through the acquisition of mortgage debt has been the mission driving the growth of Revolve Capital Group. Since 2018, Revolve has acquired over $100M in real estate and expanded operations to Dallas TX, New Jersey, and Tampa, FL.
Timestamps:
0:01 - “ It’s not every day that you get to meet a big hedge fund manager especially announcing a huge trade! ”
0:30 - https://www.NoteSchool.com/TV
1:51 - Lates news with Joe Varnadore
2:25 - CDC Issues New Eviction Ban Effective Through Oct 3
3:03 - Purchases of Luxury Homes Surge 88.2% Year Over Year
4:11 - The NoteSchool Founder & Visionary - Eddie Speed
6:00 - Today’s guest: Chaz Guinn
6:58 - The origin of Chaz Guinn
12:47 - Eddie mentions a student that Chaz Guinn helped get started in the note business.
14:08 - Eddie Speed & Chaz Guinn are talking about the legacy product
18:18 - 5.5 million loans delinquent loans pre-covid
22:03 - Know the market statistics to be prepared for the market opportunity
23:31 - The value of the collateral is excessively different than a lot of the non-performing notes that we saw come through in the last cycle. - E.S.
27:34 - Chaz Guinn talks about a non-performing note that they bought in Lake Forrest Illinois
29:54 - Notes Direct & Feeding Frenzy Friday
30:34 - Feeding Frenzy Friday - https://www.NoteSchool.com/FFF
31:07 - https://www.NoteSchool.com
31:37 - After-Party!
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