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Ken McElroy Show

Zillow’s 1% Mortgage… Real or Scam?

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 3 October 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

Check out Danille's webinar on Underwriting: https://kenmcelroy.com/webinars

Join Ken and Danille as they delve into whether or not Zillow's 1% Mortgage is too good to be true!

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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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DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising from access to or using any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.

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 in 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. The KenMcElroy.com staff will review all comments and may be deleted if deemed inappropriate.

Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.

© 2023 KenMcElroy.com, LLC. All Rights Reserved.

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. I'm your host, Ken McElroy, joined by my

0:13.9

co-host, Danielle. Let's get right into this episode. Hello, and welcome to the Ken McRoy show.

0:20.1

I'm your host, De, Danielle, here with Ken.

0:22.5

What's happening, everybody? First, we're going to go over your Twitter question of the week.

0:26.4

All right. You asked, how do you think the current real estate market challenges compared to the

0:30.7

2008 crisis, which is a very good question. Jerry says things are taking more time to play out.

0:38.5

Time will tell.

0:39.9

Well, that's for sure.

0:41.2

The one thing that's consistent are the banks.

0:45.9

So, you know, the banks are pulling back hard.

0:49.3

So underwriting's harder.

0:51.1

You know, that definitely happened.

0:53.2

One thing, one of the big things that's

0:55.4

different is that on the residential side, we're not seeing the number of defaults, of course.

1:01.9

We're not, but you know, I am starting to see a lot of homes piling up in Scottsdale.

1:08.0

Yeah, listings. Piling up, I don't mean, you know, a ton, but like compared to what it was even a couple

1:12.5

months ago, it's definitely starting to get more stagnant.

1:15.7

Listings are definitely up.

1:17.7

That, you know, I like, you guys know, I like to do those lag videos, you know, where

1:23.1

you drop a pebble and you see the rings as they come out.

1:29.9

I'm impatient, just like all of you.

...

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