STRATEGY
BECOME THE BANK
The power of premium.
$10/month for everything a real estate investor needs to succeed.
Complimentary entry to Think Realty events • Think Realty Magazine delivered monthly • Think Realty Housing News Report online • Discounts from major suppliers • Articles, webinars, videos and podcasts from top experts on REI education and emerging trends • Lender, wholesaler, and REI Group lists • And more
This content is brought to you by Pull the Trigger Enterprises, LTD
Become the Bank TM
Sign up today at ThinkRealty.com/join. First month free with code TRACCESS.
by Ray Urrutia, President & CEO
T
with non-performing notes (NPNs) is now. Educate yourself in non-per- forming notes, and then execute in acquiring NPNs, manage your future in reoccurring income through per- formance of NPNs and larger profits through wholesaling and rehabbing with the Model of 10 ™ . The non-performing note is the nucleus for all real estate investing in distressed product and essen- tially is the beginning process to all distressed properties. As the investor, you become self-sufficient in creating other real estate models, all the while building long-term wealth. • Ray Urrutia is the founder President-CEO of Pull the Trigger Enterprises, Author of Pull the Trigger “Critical Thinking Skills for Real Estate Investors.” He has been in business for 40-plus years. Sales and Marketing, Technology and Networking are his areas of strengths coupledwith problem solving. He has been in Real Estate for the last 20 years and started his own REI. (NOTE: Ray Urrutia is not a lawyer or accountant.)
pared to the last quarter of 2018. The FHA delinquency rate increased 28 basis points to 8.93 percent, and the VA delinquency rate increased by 66 basis points to 4.37 percent. On a year-over-year basis, the sea- sonally adjusted overall delinquency rate decreased for all loans outstand- ing. The delinquency rate decreased by 32 basis points for conventional loans, decreased nine basis points for FHA loans and increased five basis points for VA loans. The reasons for defaults are varied. The overriding reason for mortgage defaults is cyclical; we are now coming to the end of a cycle that started in 2014. If you go back 100 years plus, we were at 40-year cy- cles, then 25-year, 15-year, and now getting to the end of a 7-year cycle by 2021. This is why I believe that for real estate investors, “timing” is everything, and the time to start
he non-performing note (NPN) is the nucleus of real estate
investing, and Become the Bank™ is the Road to Wealth. The note business in real estate starts with a mortgage, or a promise to pay. In the course of investing, one of the disciplines that I enact is under- standing trends and researching to discover what the market is doing as well as how I as an investor can be ahead of the curve versus behind it. Understand that one source does not tell the whole story. In researching non-performing notes, I make it a point to update myself every three months. According to the Mortgage Bankers Association, over the next 12-16 months, the number of defaults will increase from 4.35 percent to between 6.5 and 7.25 percent. By loan type, the total delinquency rate for conventional loans increased 27 basis points to 3.46 percent com-
48 | think realty housing news report :: october / november 2019
thinkrealty . com | 49
Made with FlippingBook Online newsletter