IW REN, LLC

09/04/2015

A wonderful time saver.

iwrenllc is creating designs on Canva for blog graphics, presentations, Facebook covers, flyers, posters, invitations and so much more.

09/04/2015

Canva is great!!

iwrenllc.com TODAY’S EVENTS NEVER EVER GIVE UP HAVE AMBITION & DIRECTION REACH THE TOP THE NEW YOU

09/04/2015

C-Suite Book Club, the premier source of leading business books for c-suite executives, business leaders, entrepreneurs, and celebrities, announced that Gary Vaynerchuk, author of Jab, Jab, Jab, Right ...

09/02/2015

How To Use The Power Of Human Connections!!

08/28/2015

A wonderful place to get ideas in various topics!

Pinterest helps you find inspiration to create a life you love.

08/27/2015

This is a great example of the process that is involved with purchasing a 1st lien note. It also demonstrates a strategy, ROI for a client using their SDIRA.

08/26/2015

This is the Biggest Mistake a Young Entrepreneur Can Make
🙅 🙅 🙅 🙅

A common question I get all the time: what is the biggest mistake young entrepreneurs are making?

They’re building businesses that only work during the best-case market scenarios.

Let me back up and explain a bit.

There are also so many incredible young entrepreneurs out there right now. I don’t want to sit up here and be that old dude who preaches about back in the day, or kids these days. That guy sucks. Nobody likes him or listens to him for advice on business problems.

But I do want to make sure young entrepreneurs have everything they need to succeed. And for that, we need to talk about the “biggest mistake” you are all currently making.

Quite simply, market conditions right now are not allowing for young entrepreneurs of today to cultivate strong business discipline.

So I guess in a sense, it’s more about what they’re not doing, rather than what they are doing.

The fact that it is so easy to create a startup right now and raise money to get it started is, in part, an enormous cause of this. Think about it. When you are twenty-one years old today, the last real hardcore economic issue was in 2008…when you were fourteen. That, to me, is insane.

This is the reality of the market right now.

But you can be on the offense with this. I always preach that being defensive in business is the wrong way to go; you need to pinpoint this issue of business discipline now, and work on it before it affects you.

Because when you get down to it, the weakness is this: you are all peace-time generals. This is a great time to be starting a business and trying to sell it, but what happens when the bad times eventually roll around again? To be a great business person, you can’t just be a peace-time general. You need to be a wartime general too.

Look forward in time to all the possibilities of what could happen: stock market collapse. Money is not flowing and some geo political event is changing the landscape. In those situations, a huge amount of people aren’t thinking about investing in the next Facebook and Uber. They want to be more careful with investments. Without all the opportunities, only the true entrepreneurs with the grit and ability to build businesses will rise to the top.

So what is my advice? Well, there are three key things young entrepreneurs should focus on to weather every storm.

#1: Building teams. 👥
This should be a no-brainer, but you may not realize in the middle of rapid growth that a team isn’t being formed for longevity. Set up your team for success by listening and taking the time to celebrate victories. I wrote more on how to be a good boss and build your team successfully in this article here and another article here. Check them out.

#2: Building good products. 📱
The question I ask young entrepreneurs: are you building a business, or a toy? Here is what I mean by that.

#3: Salesmanship. 📈
You can make the best cup of coffee in the world, but if you can’t sell it, you’re out of luck. Cash is oxygen. Money is what will take you to the next level, so if you can’t get it, you won’t move on. Be a good salesperson and curate your sales department with great care.

These three things that have been thematic for a long time now. They may sound very familiar, but really evaluate where you are with each of them. Really self audit.

Young entrepreneurs need to come out this mistake by realizing that they are currently operating in a very specific moment of time. Don’t let your skill set be limited by it.

Because bad times are coming. Then there will be good times again. Then bad. Then good. Get it?

Be ready for every possible outcome. Don’t lose sight of what is ahead.

08/24/2015

Providing Benefit Solutions for Problem Properties
IW REN, LLC is a partnership based in Houston, Texas. We are a real estate investment firm specializing in buying and selling distressed assets. We focus primarily on the purchase of nonperforming 1st mortgages on residential and commercial properties across the United States in the 50 largest metropolitan cities. Our strategy is to purchase mortgage debt at a fraction of current value (50% or less) by either negotiating with home owners or financial lenders to take control of the property. The result is to turn the loan back into a performing loan. Our primary markets are in; Texas, Florida, Illinois, Tennessee, and South Carolina.

"Note investing is one of the most profitable and fulfilling investments in the market today. Being able to keep someone in their home and still make money, without distressing them, is a very satisfying feeling."

- Ron Happe, Main Street Capital Partners

08/21/2015

IW REN, LLC
5311 Court of York
Houston, TX 77069

Providing Benefit Solutions for Problem Properties

IW REN, LLC is a partnership based in Houston, Texas. We are a real estate investment firm specializing in buying and selling distressed assets. We focus primarily on the purchase of nonperforming 1st mortgages on residential and commercial properties across the United States in the 50 largest metropolitan cities.
Our strategy is to purchase mortgage debt at a fraction of current value (50% or less) by either negotiating with home owners or financial lenders to take control of the property. The result is to turn the loan back into a performing loan. Our primary markets are in; Texas, Florida, Illinois, Tennessee, and South Carolina.

Unlike traditional real estate investment firms, IWREN, LLC holds the toolbox with the largest collection of exit strategies. This means investors can see faster, more substantial profits on investments secured by the real estate itself. Using exclusive resources for analysis and strategy of these defaulted notes, we specialize in 1st liens on residential properties; including condominiums, single-family homes and 2 to 4-unit apartment buildings.

Our mission is three-fold: to deliver better-than-market returns to investors, to help note sources move non-performing assets off their books, and to help current capable homeowners retain their homes.

See our previous real estate location deals.
batchgeo.com/map/c9e2819074f0adb3cce3a6f804b6504c

Rene Weaver has been an active in real estate investing since 1987, starting out with rehabbing and flipping residential homes. Member of the National Association of Realtors, HAR member, Texas Real Estate agent. He holds a Master’s degree in Project Management, he has prior military service with the United States Air Force. Volunteer and Community activities; SNAP (Spray & Neuter Assistant Program), Volunteer and community activities include; EPAH (Executive and Professional Association of Houston), Volunteer Networking / Relationship. The Diana Foundation, The Four Seasons Club, The Trails at Rock Creek H.O.A., Volunteer Coordinator.

Several Forbes Top 100 Companies To Work For constitute Rene and Ken’s work experience, where they believe on the core values of these great businesses. • That the relationships you build with clients and investors shape the success of the business going forward • That maintaining the position to be of service to others secures the demand for that business. • The brand you establish must be one of integrity, strong work ethics and community values.
By building their business on the principle that a standard of courage, discipline and fortitude can do a great deal to build a reputation, IW REN, LLC has cemented a foundation that is the platform for their success.

Rene Weaver- Senior Portfolio Manager, mobile 281-536-9859
Kenneth Gustavsson- Senior Portfolio Manager, 281-352-2961
Contact info: [email protected]

Previous real estate deals.

08/21/2015

Here are a couple of our group's deals;

3086 SW Sunset Trace – Foreclosure Deal

1st Lien UPB of $155,968 + 2 years behind
$55,000 Purchase Price + Attorney Costs + Fees
$100,000 FMV

18 Months to Foreclose
We picked up this clean 2 bed, 2.5 bath, 1236 sq. ft. condo note from a hedge fund. It took us 18 months to foreclose in Florida after several delays by the borrower’s attorney. We sold it at the foreclosure auction for $95,000. We netted a $40,000 profit that we split with our Joint Venture partner on a 50/50 split after expenses/investment was paid back. The investment yielded an annualized 24.2% ROI for our funding partner. This deal took a little longer than our normal 12 month time frame.

1034 Dearborn Dr, S. Beloi, IL - Loan Modification

1st Lien UPB of $53,560 + 4 years behind on payments
$11,000 Purchase Price
$35,000 FMV
Loan Modification in 6 Months of $523.44 month + $5,000 down.
We purchased this note on this occupied home and made immediate contact with the borrower on our first direct mail piece. Borrower had lived in home for 18 years and continued to pay taxes on time. They had been attempting to do a loan modification for 4+ years but their loan had been sold several times.
Borrower was willing to bring $5,000 to the table for us to reinstate their loan payments of $523.44 per month. This resulted in a first year ROI of 74% ($5K + 6 months of payments) and an annual return for year 2+ of 57.1%. We could have had this done in 60 days, but the servicer dragged things out to 6 months. This deal would qualify for a FHA 10-23 refinance as well at 97.5% of FMV.

1621 SW 29th St, Cape Coral, FL – DIL REO Sale

1st lien UPB of $143,750 + 3 years behind on payments
Purchase Price of $55,000
$110,000 FMV
Received Deed in Lieu of Foreclosure and sold full price in 60 Days!
We purchased this note from another hedge fund and discovered that the home had been listed for short sale 6 months prior to our purchase with online photos showing the property in good condition and vacant. Upon closing, we discovered a signed Deed In Lieu of Foreclosure (DIL) in the loan file and we were able to list it immediately as an REO sale with a local realtor.
We received a full price offering of $110,000 within a week and closed on a sale to retail buyer in 60 days. We ended up netting $99,000 at the closing table after taxes and closing costs were paid yielding a $44,000 profit. We paid back the investment of $55K to our JV partner first and split the profits 50/50 yielding in a 40% ROI to our investor in 60 days.

08/21/2015

I wish we could have found this app sooner.

Katch will be shutting down May 4 :( But you don’t have to lose your videos. Go to https://katch.me to export them YouTube or download your full archive.