Real Wealth Show: Real Estate Investing Podcast

With real estate headlines forecasting a recession, many investors and potential buyers are sitting on the sidelines. This is creating an opportunity for seasoned investors to acquire better deals with less competition. In this episode, you’ll hear from two rock star real estate investors, who are in rapid acquisition mode, after years of battling over scarce inventory. Find out what and where they are buying great deals that cash flow.

Learn how this expert Ohio team can help you acquire and manage renovated rental properties by going to RealWealth.com, and clicking on the Invest button.

Join RealWealth: https://tinyurl.com/joinrealwealth

Subscribe to the Podcast: https://tinyurl.com/RWSsubscribe

Will home prices continue to rise at this furious pace, or will they plummet back to earth like they did during the housing meltdown? Or maybe something in the middle? In this episode, we’ll hear from an expert on the housing market, the impact of the pandemic on buyer demand, home prices and migration patterns, and what the data shows us about the future.

Dr. Frank Nothaft is the chief economist for CoreLogic and leads an economics team that’s responsible for analysis, commentary and forecasting for the global real estate, insurance, and mortgage markets. The Southern California-based company tracks, gathers, and analyzes massive amounts of property, financial, and consumer data and provides reports for the real estate and mortgage industry along with customized business intelligence reports for clients.

Join RealWealth today at realwealthshow.com to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.

And please remember to subscribe to our podcast and leave a review if you like what you hear! Thank you!

Transcript:

[00:00:00]

[music]

Speaker 1: You're listening to the Real Wealth Show with Kathy Fettke, the real estate investors' resource.

[music]

Kathy: Will home prices continue to rise at this furious pace, or do we have a housing crash in our future or just a slowdown in price growth? Our guest today has got a lot of information on that so I'm excited to share it with you. I'm Kathy Fettke and welcome to the Real Wealth Show. Frank Nothaft holds the position of executive, chief economist for CoreLogic. He leads the office of the chief economist and is responsible for analysis, commentary, and forecasting trends in global real estate insurance and mortgage markets. He's here with us today on the Real Wealth Show. Frank, welcome to the Real Wealth Show.

I've been really looking forward to this interview. I can't believe that I almost had to do it out of a salon when we had a rolling blackout, [laughs] but here we are. Thanks for your patience.

Frank: Oh, absolutely. Thanks for having me today, Kathy.

Kathy: So honored really, truly so honored to have you here. A lot of people are extremely confused about what's going on and even more confused about what they should do. Should they buy? Should they sell? Should they buy investment property, apartments, single-family? Our listeners are mainly investors in one to four-unit buildings nationwide. Are we looking at a continuation of what we've been seeing with home prices going up with no end in sight? What's happening?

Frank: Kathy, this summer has been hot. It's not just the temperatures, it's the housing market as well. As you know, when I look around the country, there are a number of markets where, of course, they have triple-digit temperatures, but they got double-digit home price growth and double-digit rent growth. The market is just exceptional right now. Of course, partly that's fueled by the very low [00:02:00] record low level of mortgage rates that's really driving demand. It's also fueled by a shortage of inventory for sale on the marketplace. Between both those forces, one driving up demand one curtailing supply, we've got just a crazy amount of home price growth.

Now, it's not just home price growth. As I mentioned, we see some real pickup in rents, rents on single-family homes. I think that's an artifact of this change in need for space as a result of the pandemic because what we've seen is that so many families, they're looking for more space inside their home, and also more space outside their home. The corollary of this pandemic is that it's severed the need of many workers to be co-located or located near where their employer is, they can work remotely. That's enabled many of them to pick up and maybe move a little further out, or move a lot further out, and be able to afford more space, more house, more shelter to either buy or to rent.

Kathy: They don't have to try to find something in a major city or just on the outskirts of a major city where everybody else wants to live and it's been difficult to get in and very expensive, they can go anywhere. That's amazing. We've understood this concept at R...

It’s not easy watching mortgage rates move higher when you’re in the market for a loan, but the rates we’re seeing right now are still low compared to what they’ve been historically. And you can’t beat real estate when it comes to building wealth for your retirement.

In this episode, you’ll hear from real estate investor and mortgage lender Richard Advani on the lending environment for investors, including life after 10 loans, getting a loan if you are retired or self-employed, where interest rates are going from here, and how to make money despite higher costs and lower ROI’s.

Richard is based out of Southern California and has worked in the mortgage industry for more than 16 years. He’s spent most of that time working with real estate investors including RealWealth members. He offers more insights in a recent RealWealth webinar. You’ll find this webinar under the Learn tab on our website.

As an investor, he has more than 20 properties in markets across the country. When he’s not making loans or monitoring his own properties, he’s competing in the 2022 Formula Drift Championship at locations around the country as a professional race car driver.

If you’re not yet a member of RealWealth, please take a moment to sign up at realwealthshow.com. RealWealth helps educate people on the creation of passive income with single-family rentals in desirable markets around the country. It’s free to join and get access to the Investor Portal where you can see sample properties and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.

And please remember to subscribe to our podcast and leave a review! Thank you!

What started off as a dream to own their own home, turned into a passion for real estate investing and plans to retire by the age of 40. They got their start in their early twenties in the midst of the housing market crash of 2008. Now, with just a few years left until their 40th birthdays, they are on track to become job optional.

Ryan and MaryAnne are the children of immigrants, who grew up with visions of opportunity and the goal of financial freedom. In today’s interview, both Kathy and Rich Fettke will be asking them about their Real Wealth Story: How they got started in real estate, and how they have collaborated in the purchase of rental properties many miles from home. Their answers are not only educational, but inspiring to others who would like to do the same.

www.RealWealthShow.com

In this episode, I have the honor of interviewing the man named as one of the 50 Most Powerful People in Real Estate by Bloomberg/BusinessWeek.

Doug Duncan is Senior Vice President and Chief Economist at Fannie Mae where he is responsible for forecasts and analyses for the economy, housing and mortgage markets. He leads the Fannie Mae Corporate House Price Forecast Working Group which reports to the Finance Committee.

Under his leadership, Fannie Mae’s Economic & Strategic Research Group (ESR) won the NABE Outlook Award, presented annually for the most accurate GDP and Treasury note yield forecasts, in both 2015 and 2016. He was the first recipient in the award's history to capture the honor two years in a row. In addition, ESR was awarded by Pulsenomics for best home price forecast.

Prior to joining Fannie Mae, Duncan was Senior Vice President and Chief Economist at the Mortgage Bankers Association. And he's here with us in this episode of the Real Wealth Show.

www.RealWealthShow.com