Tue, 20 August 2019
1263: Foreign Real Estate Buyer Update & Investing In Non-Performing Notes & Loans with DeAnn O'Donovan
Jason Hartman begins today's show giving an update on the state of foreign buying in the US real estate market. Playing a clip from Lawrence Yung, Chief Economist at the National Association of Realtors, and commenting on where the money is flowing from and where it's headed to, and how it compares to last year.
Then Jason talks with DeAnn O'Donovan, former President & CEO of AHP Servicing and former Executive VP and Chief Administrative Officer of Wintrust Mortgage, about the practice of investing in non-performing notes and loans. DenAnn explains what she looks for when considering investing in loans, what positions she's comfortable taking, and where you can still find deals in today's marketplace.
[2:46] Is the United States market becoming less attractive to international buyers?
[7:26] The top 2 countries investing in US real estate are China and Canada. China accounted for $13 billion of US real estate purchases, Canada $7 billion
DeAnn O'Donovan Interview:
[13:39] Does it matter whether you're in first or second lien position?
[17:32] Where do you find the deals in today's market?
[27:54] Are there multiple categories of servicers available?
Mon, 19 August 2019
Today's episode begins with Jason Hartman discussing how there's a new startup that's designed to help you make money on your property in a new way. There are more and more ways to capitalize on the assets you own, but you can't do it unless you actually own the asset. If you're just reading about them and not doing anything about it you're cheating yourself.
Then Jason talks with Garrett Sutton, Rich Dad Advisor and author of Loopholes of Real Estate, about some recent Supreme Court decisions that will impact your life in a positive way. No matter what you think about the political division in the court, there are some things on which everyone can agree, and that's the case with these two cases. They also discuss the pros and cons of Series LLCs and the Economic Berlin Wall Jason's been lamenting for years.
[3:18] A new startup is allowing people to rent their house/rooms/couch/etc for hours, not days
[8:05] You can make money by utilizing assets that were formerly dormant
[11:38] If you don't own the asset you can't take part in the money making, so get the asset!
Garrett Sutton Interview:
[15:20] The Supreme Court unanimously cracked down on excessive civil forfeiture,
[19:08] Why you should actually CARE about the civil forfeiture decision
[22:02] Another unanimous Supreme Court decision that protects trusts
[27:27] California is trying to create an Economic Berlin Wall to avoid a brain drain
[31:40] There's a new development for Series LLCs
[36:08] There's not a lot of case law for Series LLCs, which can make it a sketchy area