Get Rich Education

505: Real Estate Problems - Affordability Issues and Foreclosures Today

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Synopsis

Big capital gains tax bills are hitting more home sellers. Exemptions exist for up to $250K single, $500K married. Bad housing affordability means a low home ownership rate, hence, more renters. The homeownership rate has dropped from 66.0% to 65.6% in the last year. I have a hole in the roof of a rental single-family home, with about $10K in damage. Learn how I handle it. Two of the first three income properties that I bought performed poorly. VP of Market Economics at Auction.com, Daren Blomquist joins me. We learn why foreclosure activity is 10% to 20% below pre-pandemic levels. Learn about judicial and non-judicial foreclosure states.   From homeowners surveyed, the top concern about falling into delinquency are rising insurance and property taxes. Auction bidders are confident about the real estate market. They’re willing to pay more, which is 60% of ARV nationally. You can bid on distressed properties with your phone via Auction.com. Opportunity Zones are generally working. Resources mentioned: Nation’s