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Ep. 10: Unlocking Commercial Opportunities in Turbulent Times w/ Kristin Gerst
- 2024/04/26
- 再生時間: 1 時間 7 分
- ポッドキャスト
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サマリー
あらすじ・解説
In this compelling episode of the "Institute of Higher Earning" podcast, T.J., Nick, Tony and their guest, Kristin Gerst, delve into the complexities of the multifamily real estate market and the broader commercial sector, especially focusing on the current challenges surrounding commercial non-performing paper. With over $1.2 trillion in commercial paper facing rate resets, they discuss the immense pressure building in the market as interest rates double, potentially leading to significant financial distress for property owners.
Kristin highlights the intriguing investment opportunities emerging from these conditions, particularly in acquiring undervalued loans secured against commercial properties. Additionally, they tackle the critical issue of liquidity problems in the real estate market. As banks face the reality of resetting interest rates on loans, the tightening credit conditions could lead to a liquidity squeeze, making it harder for investors to refinance or acquire new properties under favorable terms.
This episode is crucial for understanding how to navigate these turbulent waters in commercial real estate, recognizing both the risks and opportunities that come with liquidity constraints and non-performing loans. Whether you’re an investor, a real estate professional, or just keen on the dynamics of the market, this conversation offers vital insights into surviving and thriving amid potentially the next real estate crash.
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Chapters:
0:00 - Kristin Gerst, Mortgage Note Investor
2:30 - Difference Between Now & 2008
6:30 - Bad Commercial Operators or Bridge Loan Risk
7:35 - "Value Add"
8:15 - Protecting Commercial Assets in a Rising Interest Environment
11:15 - Liquidity During a Crash
13:50 - Non-Performing Notes
16:15 - Dodd-Frank and Modern Banking Regulations
17:15 - Notes vs. Short Sales
18:40 - Regional Bank Risk
20:23 - Private Equity Funds Writing Bad Paper and the Consequences
22:50 - Forbarence
26:45 - Title Companies and RMLOs
31:00 - Embezzlement by Servicing Company
32:10 - Downfall of Commercial
33:55 - Interest Rates
38:40 - Defaults
40:00 - Affordability and Demand
43:50 - Fed Buying Mortgages
45:20 - Average Consumer
47:30 - 6 Months from Now
48:00 - Rents are Going Down
51:00 - Home Ownership vs. High Rise Amenities
52:20 - Stress Testing Your Deal
54:45 - Speed of Rate Drops
57:40 - Lack of Credit and Liquidity
1:00:00 - New Realtors in TX
1:04:45 - Cosplay and Yachts