The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?
Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis.
Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move.
0:00 Intro 3:24 Quick Tip 4:38 News or Noise? Buyers Moving to New Metros 11:48 News or Noise? Zillow's "SuperApp" 16:42 The New BiggerPockets Host Is... 23:10 Welcome Daren from Auction.com! 25:08 2010's Foreclosure Crisis 28:43 Post-Pandemic Foreclosures 34:42 Is the "Wave of Foreclosures" Really Coming? 38:06 Entering the Foreclosure "Danger Zone" 41:52 Investing in Foreclosures 47:21 The Foreclosure Market in 2022 1:02:31 Will a "Foreclosure Crisis" Reappear This Year?
Any decline in international real estate transactions will have little direct impact on the U.S. housing market. Russian foreign buyers account for less than 1% of foreign buyer purchases, and overall, foreign buyers account for about 2% of existing-home sales.
The US housing market is in a super competitive state, with inventory levels at a historic low and prices continuing to rise. The result of this is that the average American homebuyer can no longer afford to purchase a home. Ken breaks down the reasons and potential consequences of this situation and how investors can start to think about solutions.
⚡️� Chapters 0:00 Introduction 0:32 Monthly Supply of Housing in the US 1:09 Housing Inventory - Active Listings US 1:40 Gap between Supply and New Household Formation 2:54 Housing Shortage - Causes, Effects, Solutions 4:42 Political Pressure for Rent Control 6:19 Rent Control by State
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• ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, fell 5.7% to 109.5 in January. Year-over-year, transactions decreased 9.5%. An index of 100 is equal to the level of contract activity in 2001.
New data suggests Spring homebuying fever has already set in, as the U.S. median listing price hit a new all-time high of $392,000 in February, according to the Realtor.com® Monthly Housing Trends Report released today. Additionally, home prices grew at an unusually-fast February pace in many of the 50 largest metros, led by Las Vegas, Miami and Tampa, Fla. with annual increases of at least 31% each.
So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday.
U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a Reuters poll of property analysts who forecast a sellers' market for another two years.
In this video Marty Boardman of Fix and Flip Hub explains the 3 reasons why you should be targeting pre-foreclosures to fix and flip in 2022 and beyond.
Soaring prices and low inventory are causing headaches for homebuilders and buyers but benefiting owners — and therein lies the Fed’s predicament as it seeks to lower inflation.
Deferred Sales Trusts provide an alternative to 1031 exchanges for deferring capital gains taxes on appreciated assets. Unlike exchange-based tax-deferment methods, Deferred Sales Trusts are an instance of a special kind of sale, called an “installment sale”, which can be used to defer capital gains taxes by breaking up payments on the sale over multiple installments.
1031 Exchange vs Deferred Sales Trust - Which is Better?
In this episode, Beau talks with Brett Swarts, Founder of Capital Gains Tax Solutions. Brett favors the deferred sales trust over a 1031 exchange. Why? There are many reasons...
About Brett Swarts Given the record-breaking all-time economic highs in the marketplace and highly appreciated values, it’s no wonder many are selling now and trading their toilets, trash, and liability in for a time, travel, liquidity, diversification, and tax deferral.
With a deferred sales trust customized wealth plan, you’ll get hours back in your day, debt paid off, liquidity in the bank, and a passive or active income stream to retire on. Even better, you get the freedom to sell high and buy back into investment real estate or a new business venture at any time, all tax-deferred, without using a 1031 exchange. We call this optimal timing. Want more info? Book a call with me today! https://calendly.com/beaueckstein/15-minute-meeting-ifp
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� Thanks for watching � #1031Exchange #DeferredSalesTrust
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_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending. _________________________________________________________________________________________________
� The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
Value-add real estate investing can mean a lot of different things depending on who you ask. For a single-family rental investor, value-add can simply mean updating the kitchen and bathroom. For a self-storage investor, value-add can mean automating and systematizing their facility. And for multifamily real estate investors, value-add can mean an entire remodel on dozens of units, at the same time, in the same place.
The benefit? Multifamily investors can capitalize on renting out units while in the middle of renovations on other parts of the building. This allows them to keep cash flow coming in while immediately deploying it into the same investment. And we haven’t even talked about the millions of dollars worth of equity through rent increases that value-add can provide!
If this all seems a bit complicated, we’re here to help. Today, Terrance Doyle, multifamily master and value-add expert, walks through three of his properties all in different phases of the value-add cycle. You’ll get to see first-hand what the professionals do to get their apartments in tip-top shape so they can rent to the best tenants and sell to the highest bidder!
The labor market continued its robust recovery in February, as the economy added 678,000 jobs and the unemployment rate fell to 3.8 percent from 4 percent in January, according to new data from the Bureau of Labor Statistics. Economists polled by Dow Jones had expected an addition of 440,000 jobs.
The most crucial aspect of your Flip/ Renovation analysis is the Rehab costs. This comprehensive tool will ensure you are counting every penny and considering all aspects of the project.
While housing shortages are a more commonly cited problem than housing vacancies in the real estate market, some areas of the country are seeing a higher number of empty homes than others. Empty homes can be a concern as they can sometimes lead to economic blight. But a high number of empty homes doesn’t necessarily mean trouble, economists say.
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.27 million mortgages secured by residential property (1 to 4 units) were originated in the fourth quarter of 2021 in the United States. That figure was down 11 percent from the third quarter of 2021 and 13 percent from the fourth quarter of 2020.
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