841 billion in forbearance, who will be left holding the bag? Will 2020 be a 2008 repeat?

841 billion in forbearance, who will be left holding the bag? Will 2020 be a 2008 repeat?

Almost 10% of all government sponsored mortgages entered mortgage forbearance which accounts for almost 841 billion dollars in loans.  4 in 5 workers say they live paycheck to paycheck, with around 30 million people unemployed, the numbers could be daunting. Yet the...
Wall street the new landlord: one in ten properties

Wall street the new landlord: one in ten properties

We are seeing interesting economic times; throughout the economy there is huge consolidation within industries as the big get even bigger.  Real estate is following a similar trajectory to big technology companies.  What is causing the huge changes in real estate? ...
The new real estate drug, coming off this high will be tough

The new real estate drug, coming off this high will be tough

  Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful.  One of the key takeaways from the last recession is that risks lurk in plain sight.  Hindsight 20-20 it was...
Coronavirus lending 101: What do you need to know to get funding

Coronavirus lending 101: What do you need to know to get funding

The Coronavirus pandemic has thrown the economy off a cliff leaving many equity rich property owners with no cash flow.  The pandemic has caused many residential and commercial tenants to defer or totally miss payments as the economy shuts down.  Property owners are...