Chaz Guinn speaks on a panel to discuss how Covid-19 is affecting the distressed housing market.
Category: Chaz Guinn
Revolve Capital Group is proud to be Title Sponsor of the Noteworthy Investor Summit 2020.
“Regardless of which state you traveled in from, we’ve all come for the exact same reason – to grow our passive income. Over the course of the next three days, you’ll definitely LEARN how to do just that.
It doesn’t matter whether you’re a rookie looking to complete your first deal, or a seasoned note investor looking to take your portfolio to the next level, you’ll learn lots of valuable information that will ultimately lead you to SUCCEED and profit…passive profits.
But here’s the most important part of the formula…you have to CONNECT.
Walt Disney said it best, “The way to get started, is to quit talking and begin doing.”
That’s what the Summit is all about. We’re not going to wait until we get home on Monday to get started or take that next step. We’re going to CONNECT today! We’re going to make some key connections and meet the right people…and see results while we’re here. Whether you’re brokering, buying, creating or selling notes, you’re in the right place. The Place for Passive Income.
Summit attendees will learn information surrounding how to make their portfolios profitable; including, learning the 5 profit pillars of note investing.
Chaz Guinn and Jason Kurtz of Revolve Capital Group will be speaking at the event.
Event Highlights – Day 01, Thursday February 27th
7:30 am –
Registration & Breakfast
2:30 pm –
Chaz Guinn and Jason Kurtz will be discussing Portfolio Management & Disposition of RPLs/NPLs
Chaz Guinn – “Chaz Guinn is the President and Managing Director of Revolve Capital Group “Revolve”. Chaz, specializes in 1st lien NPL/RPL whole loan trading, and has built a track record of structuring, negotiating, and executing some of the largest trades in the lower-valued market segment.
Over the past decade, Chaz established whole loan trading desks for two large private equity firms in the U.S. that managed well over a billion dollars in delinquent loans. Chaz has been focused on building lasting relationships with Wall Street, Investment Banks, GSE’s, large real estate funds, qualified national vendors and servicers to allow Revolve Capital Group to become a household name.
Chaz and his partners decided to form Revolve Capital Group, whose primary objective is to be a market leader in the lower-valued asset-class and provide solutions to both the banking sector, distressed homeowners, private investors, and local communities that have been affected by the financial downturn in the housing market. Our focus is centered on loans secured by properties with market values of less than $150,000.
Chaz is positioning Revolve to be one of the largest private real estate groups acquiring non-performing/re-performing debt. Combining his education in Finance and Economics with the practical management of supply and demand, Revolve made a conscious strategy to allow other private investors, real estate funds, family offices, and non-profit organizations to participate in this recovery as well.”
Jason Kurtz – “After receiving his degree in Real Estate Finance from San Diego State University in 1996, Jason started his career in investment real estate. Between 1996-2010, Jason purchased thousands of multi-family units across the country. He started in acquisitions for a privately-owned Apartment syndication group located in Irvine, CA who had over a billion dollars under management. Jason purchased over Five thousand multi-family units for this firm. His roles and responsibilities included deal origination, due diligence, acquisitions, market research, Debt and equity procurement, underwriting and investor relations. In 2004, Jason became the Director of Acquisitions for the Bethany Group. From 2004-2010, Jason would be responsible for the acquisition of twenty-two thousand apartments. Jason developed relationships with large REITS in over 15 state across rust belt and lead the acquisition of 67 different buildings. His roles would include raising over 400m in equity, procuring over 1.6 billion in First Trust deed financing and structuring and negotiating 450 million in Mezzanine Financing. Mr. Kurtz has experience in many different facets of real estate, including Hospitality, both in hotel acquisitions and franchise development, Fix and Flips, Rentals, Non-Performing and Re-Performing mortgages. Over the last ten years, Jason has spent significant time in loss mitigation, servicing, analytics, acquisitions, dispositions and trading of Non performing notes. Currently, Jason has been involved in over $350M in note acquisitions. Jason has spent over 23 years in the investment real estate arena. This experience and track record continue to play a key role in the growth and success of Revolve Capital Group.
We look forward to meeting and connecting to you at the event.
2019 was a year of breakthrough for Revolve Capital Group as a company. It allowed us to establish and grow stronger relationships with large sellers, buyers, and vendor network. We were able to bring consistency and reliability to the market.
We are aiming to re-shape the way investors grow their portfolios through fix-and-flips, rentals, auction homes, by building long-term wealth through residential real estate. We aim to introduce investors to a sophisticated and passive way they can step into the shoes of the bank… through, Note Investing.
In 2019, Revolve Capital Group has been able to:
- Acquire over 16 different portfolios
- Purchase over $40M in single family mortgages
- Purchase over 500 homes
- Offer trial payment plans or full loan modifications to over 250 families
- Headline Sponsor at 3 National Conferences
In 2020, Revolve Capital Group expects to:
- Open up our Trade Desk, and aiming to sell thousands of loans to our of clients (MONTHLY)
- Acquire over 2,000 loans
- Introduce REVOLVE+ to our Elite Members
- Grow our investor/buyer base to over 5,000 qualified buyers
- Introduce our Online Platform: Offering education, Transparency, Ease of use, All managed and controlled with a smart phone
Recent Federal Rate Cuts
After interest rates rose a total of 9 times since December of 2015, the Federal Reserve made the decision to cut rates 25 basis points again in September. This represents a downward trend as the last Federal rate was cut a quarter of one percent in July, just two months ago.
Climbing interest rates are a positive for the banking industry and those with money invested tied to interest-bearing accounts; however, as the rates fall anxious investors can look to the distressed real estate market for some active investment opportunities.
While back-to-back quarter pointcuts in themselves do not indicate a true economic recession, the signs are currently in place for an economic slowdown and a possible recession if the trends continue. Many traditional real estate investors still have the bad taste of 2008 in their portfolios when the housing market and economy went crashing downward. Many homes went into foreclosure, workers were laid off and wages were reduced. Few sectors were left standing where savvy investors could still actively see profits steadily increase, one such market was the distressed note industry when 2008 was one of the most profitable years for most note investors.
Housing Industry Trends
If the economy slows and wages become stagnant or even decrease, delinquency rates on mortgage loans will inevitably increase. It is likely that financial institutions, ranging anywhere from smaller credit unions to large Top-Tier banks, will look to increase the quality of their holding by getting rid of some of these underperforming notes. With the writing on the wall of another Federal rate cut, some estimate that over the course of the next 12-18 months, many financial institutions will look to sell off these lesser performing notes.
Recession Investment Opportunities in Distressed Real Estate Industry
In the downturn of the housing market in 2007-2008, the investors that took advantage of distressed real estate investment opportunities often did well, while traditional real estate investing took the biggest hit. By holding onto distressed notes, investors can typically expect neither time nor financial investment in the upkeep of physical property by taking a less hands-on involvement. If a recession occurs, supply is expected to increase. Following the recession, during an economic expansion the value of notes (even lower-value notes) are expected to increase in value.
While every investment opportunity incurs some level of risk, the acquisition/management/sale of underperforming loans is generally a less-risky opportunity, especially in the event of a recession. By purchasing a real estate note and choosing to work with the homeowner, you can even assist the borrower with staying in their home by renegotiating their terms, which will avoid displacing families and ultimately help those same families avoid foreclosure.
As we see fluctuations in the housing industry and the continued Federal rate cuts, there is a likelihood of subsequent increases in delinquent loans. Investors who focus on purchasing underperforming bank notes historically can strategize by “riding out” the wave of the changing economy and expand their investment portfolios. Continue to look for distressed inventory releasing from banks and credit unions to forecast a possible upcoming recession.