118: The Next “Wave” of Foreclosures and Markets With the Deepest Discounts w/Auction.com’s Daren Blomquist

On The Market

BiggerPockets

News, Education, Business, Investing

4.8 • 859 Ratings

🗓️ 30 June 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that’s not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties. And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects. Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you’re in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast! In This Episode We Cover The “seeds of a bigger foreclosure wave” that are about to sprout Buyers bounce back and why the housing market and home prices have been so resilient A rise in foreclosures and what’s causing a steady uptick in homeowners forfeiting their houses New foreclosure laws that could make it even harder for investors to buy discounted properties Markets facing the deepest foreclosure price cuts Recession predictions and whether or not this will force even more foreclosures And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of How Much Investment Diversification Is Right for You? Hear Our Previous Interview with Daren Connect with Daren: Auction.com News Daren's LinkedIn Daren's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-118 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	In a frequently shifting market, deciding how to invest can be overwhelming.
0:03.8	You need a partner that has a proven track record, BAM Capital.
0:06.6	They've navigated the Great Recession, COVID, and even the current interest rate environment, delivering max returns.
0:12.5	If that track record isn't impressive, then I don't know what it is.
0:15.2	Bam Capital is a trusted multifamily syndicator with over $1.3 billion in transactions.
0:20.8	Their disciplined investment strategy
0:22.4	targets cash flow stability, capital preservation, long-term appreciation, and accelerated tax
0:27.7	benefits. Join Bam Capital's 1,200 plus investors across America at biggerpockets.com slash bam. That's
0:34.2	biggerpockets.com slash BAM.
0:44.4	Buy low, sell high. Very easy to say, but not always so easy to do. For example, high interest rates are hurting the real estate market right now. Demand is dropping and prices in a lot of
0:49.4	markets are falling, even for many of the best assets. So it's no wonder the Fundrise Flagship Fund
0:55.6	plans to go on a buying spree expanding its billion dollar real estate portfolio over the next
1:01.4	few months. You can add the Fundrise flagship fund to your portfolio in just minutes and with
1:07.2	as little as $10 by visiting fundrise.com slash pockets.
1:11.6	Fundrise.com slash pockets.
1:14.3	Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
1:19.6	flagship fund before investing.
1:21.6	This and other information can be found in the fund's prospectus at fundrise.com slash
1:26.6	flagship.
1:27.4	This is a paid advertisement.
1:29.5	You ever feel like your vacation rental since MT too often? Missing out on potential income?
1:34.0	Look, you're not alone. Many property owners struggle with underperforming bookings in the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.