Banking on Crisis: Inside the Lending Crisis Shaking Real Estate with George Gammon & Jeff Snider
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 8 November 2023
⏱️ 32 minutes
🧾️ Download transcript
Summary
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Visit Ken's Bookstore: https://kenmcelroy.com/books
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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.
Ken's company: https://mccompanies.com
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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
| 0:07.8 | real estate with the industry's biggest movers and shakers. |
| 0:11.2 | I'm your host, Ken McElroy. |
| 0:13.1 | Let's get right into this episode. |
| 0:15.3 | Hey, guys, enjoy this conversation with George Gammon, Jeff Snyder, and myself. |
| 0:20.2 | I was just telling the guys that every single time I talk to Kenny, he's telling me what |
| 0:24.7 | it's like to deal with these banks daily. And when he's telling the stuff, I'm like, man, I wish |
| 0:30.7 | Jeff Snyder could hear this because Jeff always talks about what's happening with the banking |
| 0:35.8 | system. But he's doing this from a 30,000 |
| 0:38.1 | foot level. He's seeing all the charts. He's seeing all the yield curves and the near-term forward |
| 0:42.7 | spread, and he sees money being tighter and tighter and this impacting the Eurodollar system. |
| 0:49.2 | But he doesn't see it. What Kenny's seeing, and he's not talking to these regional banks. |
| 0:54.8 | He doesn't add the boots on the ground intel, and Kenny is dealing with these banks |
| 0:59.3 | face to face daily, but he might not have that 30,000 foot view. |
| 1:03.9 | So I wanted to connect these two guys, and I wanted Kenny to download and tell Jeff exactly |
| 1:09.3 | what he's experiencing, and that Jeff can kind of interpret |
| 1:12.0 | this through the lens of what he's seeing with all these curves, interest rate curves, |
| 1:16.5 | with the regional banks and of course the bigger picture with the global monetary system. |
| 1:20.3 | So Kenny, do you want to start off by just kind of explaining to Jeff what you're dealing |
| 1:24.5 | with daily here? Certainly, of course. Thanks, Jeff. Always great |
| 1:27.6 | seeing you. So a couple things. One, so we own about two billion dollars worth of real estate, |
| 1:34.3 | and we currently have six projects in construction. We are, we're buying several. These are mostly |
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