781.5: What to Buy During the Newest Real Estate Crash w/Willy Walker

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 21 June 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Commercial real estate has been teetering on the edge of crash territory for months now. With banks tightening their funding, forcing investors to refinance at higher rates and occupancy down across multiple sectors, commercial could be crashing very soon. But we aren’t here to prompt fear for real estate investing; instead, we’re presenting some opportunities to build wealth, even when most investors think the sky is falling. To help give us a read on the whole commercial real estate situation is Willy Walker, CEO of Walker & Dunlop, one of the largest commercial real estate finance companies in the nation. Willy knows precisely what’s happening in the industry because he is the industry. As the third largest apartment lender in the US, valued at over $2 billion, Willy’s ability to forecast the commercial real estate market has helped Walker & Dunlop grow to new heights. And he has some news to share. Willy touches on the “pain to come” for commercial real estate, why residential has stayed safe, big investors’ refinancing dilemma, and why banks are pulling out of lending for large assets. With commercial investors needing cash to fund their deals but failing to find it, everyday investors (just like you) could help fill the void and walk away with a sizable profit. If you want to fuel your wealth, not your fear, stick around! In This Episode We Cover: The impending commercial real estate crash and who’s in danger Balloon loans, risky refinances, and why high mortgage rates have put investors in a tough spot Residential vs. commercial real estate and why one can fall while the other holds strong Private lending and how you can take advantage of banks pulling back from larger investments Asset classes that could have the biggest opportunity if a crash hits US debt and how increasing the debt ceiling will lead to unmanageable consequences And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Dave's BiggerPockets Profile Dave's Instagram Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Connect with Willy: The Walker Webcast Willy's Website Willy's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781-5 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pogas Podcast.
0:10.0	Show bonus episode.
0:12.2	Today, David and I interview Willie Walker, the CEO of Walker and Dunlop, a financial
0:16.9	services provider that did over 63 billion in commercial loans in 2022 alone.
0:23.4	Willie is a very smart guy who understands things at a high level.
0:27.1	And we are here today to talk about the economy, a little bit about the debt ceiling, about
0:31.3	what to expect in the commercial markets, as well as how the economy is likely to adjust
0:37.2	to some of the big changes that we're seeing.
0:39.7	As you guys know, real estate investing, the economy overall is changing in a faster rate
0:43.6	than I've ever seen in my lifetime.
0:45.1	So it is more important than ever to stay abreast of what's going on.
0:48.3	Dave, what were some of your favorite parts that today's show?
0:50.4	Well, I just love that we're doing this show because honestly, every day, I saw one
0:55.4	in the Wall Street Journal this morning.
0:57.3	There is an article about how commercial real estate is crashing and there's a lending
1:02.6	crisis going on in the commercial space.
1:05.7	And it's kind of hard to make sense of what's going on.
1:09.1	And since Willie is deep into this industry, he runs one of the largest commercial lenders.
1:15.3	It really sheds light on what is actually going on in this industry.
1:20.0	And I think some of the stuff that you see in these articles are true, but there's a lot
1:23.7	of nuance to it that you really need to understand if you're going to position yourself
1:27.7	properly over the next couple of years during this correction that we're going through.
	...

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