Bank Defaults Have Begun (Undisclosed information)
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 8 April 2024
⏱️ 29 minutes
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Summary
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast. |
| 0:02.8 | Let's get right into this episode. |
| 0:04.9 | So bank failures are going to happen this year for small banks. |
| 0:09.1 | Yep. |
| 0:09.5 | It's already starting. |
| 0:10.8 | You guys probably know this is all part of the plan. |
| 0:12.9 | And I just would encourage you guys to stay big picture. |
| 0:17.0 | You know, sometimes you can, I understand that you want to read all the articles and all that |
| 0:22.8 | kind of stuff. But the big picture is big banks gobble up small banks. And most of the toxic |
| 0:30.3 | commercial real estate loans, we can get into residential a minute. Most of the toxic real estate |
| 0:35.9 | loans are hitting now. Yes. And these banks, |
| 0:40.8 | these banks have a credit rating. You guys probably know that just like you do. You guys all have a, |
| 0:45.8 | we all have a walking credit score. You know what I mean? Banks have the same thing. |
| 0:49.9 | It's called a camel system, C-A-M-E-L-S, I believe. |
| 0:54.9 | It stands for capital allocations, asset, quality, management, earnings, liquidity, |
| 1:02.2 | and sensitivity. |
| 1:03.4 | So each bank has a rating, a rating one to five. |
| 1:07.7 | So one of the things that I think everybody needs to watch is what's going to happen, |
| 1:13.1 | what bank are you with? And you really need to pay attention to this because as we start to see |
| 1:19.0 | these toxic commercial real estate loans make their way through the system, there will be |
| 1:25.7 | other banks that take over the assets, just like you guys |
| 1:28.6 | saw with Silicon Valley and Silvergate Bank last year. So that was a little bit different, |
... |
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