Real estate can be quite a rollercoaster, the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate my entire $700k liquidity value to my stock portfolio or just stay 100% cash?
@MAnderson5
Ай бұрын
in my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
@Charlesman_T
Ай бұрын
Right, I and a few neighbors in Bel-Air area work with an advisor who prefers we DCA across other prospective sectors instead of a lump sum purchase. Following this, my portfolio has yielded over 120% since early last year to date. IMO, nothing beats expertise.
@LupeBaptista
Ай бұрын
@@Charlesman_T I've worked in real estate for 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. Mind if I look up the professional guiding you please?
@Charlesman_T
Ай бұрын
Karen Lynne Chess is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.
@okaydamian
Ай бұрын
curiously inputted Karen Lynne Chess on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal
@tmclean9
Ай бұрын
Guys, I have been a lender for big banks for the past 34 years. I resigned about 18 months ago. I'm listening to what you're saying, but I don't think its accurate. Since 2009, no credit officer has listened to what I say. They just turn my requests down. So, my take is the banks are okay.
@tmclean9
Ай бұрын
@@usausausausa FR, SVB and Signature were guilty of a mismatch of duration of their loan and security holdings. They had nominal credit issues. As an example, SVB provided a 1% home mortgage to a tech billionaire. There was no issue with him repaying the loan, but a 1% coupon loan in a world of 7% mortgage rates is worth about 78 cents on the dollar.
@christschool
Ай бұрын
@tmclean9, you're absolutely correct. 35 year CRE lender here still in the business. Neither of these guys have a clue what they are talking about. Banks are fine. Now on office loans, there is some weakness in some markets but it's not a systemic issue. Nearly everything they said was wrong makes me think they are grifting.
@JamesAnderson-ez2df
23 күн бұрын
Good too know both sides and each person has to decide which way is right or in the middle. Imho,small regional banks are in trouble.
@tmclean9
23 күн бұрын
@@JamesAnderson-ez2df You may be correct and some small regional banks may have some issues. However these are not systematically significant. Washington Federal just sold $3 billion in CRE secured loans to PIMCO at par. I'm pretty sure PIMCO scrubbed these loans and thought they got a fair deal.
@5KristynSanchez
Ай бұрын
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
@5KristynSanchez
Ай бұрын
Linda Wilburn program is widely available online.
@seandavis8930
Ай бұрын
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
@georgigeorgiev6521
Ай бұрын
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
@hollycarter3594
Ай бұрын
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
@charadreemurr4221
Ай бұрын
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
@427vot
Ай бұрын
The seller lies, the buyer lies, the bank closes its eyes and everyone gets paid bigly. When it goes wrong all parties can point to the others as the bad guy and construct plausible deniability. The pernicious nature of this system of broken incentives cannot be overstated. It's not just commercial real estate folks. The auto finance business from whence I came is rampant with these practices.
@BiiYAAAA
Ай бұрын
You got it
@jerrymann646
Ай бұрын
I have been involved in commercial real estate for over 40 years- Shopping centers, industrial, retail, etc. Never has a bank not verified income. I believe you were into flipping homes. Totally different. Two words: mortgage fraud. Both of you are coming at this from a residental( albeit commercial) perspective. DSCR always applied.
@noellecms
Ай бұрын
Even the estoppel certificates from your tenants can be doctored.
@ortonh1
Ай бұрын
They’re gonna look at the tax return for the Dscr
@neilabernath5862
Ай бұрын
Been in residential rental property for almost 50 years. Never verify income, because it is always inflated. Know what income should be based on market. Do verify known expenses, such as property tax and utilities.
@gerryloveday3142
Ай бұрын
I agree. 30 plus years in commercial real estate in Australia and every deal has been based on verifiable income not on projections. Residential seems to be different.
@jeffdavis8811
Ай бұрын
35 year year broker and investor here. I have never seen a bank lend on a commercial project without verifying income and expense information on a property, plus obtain a valid appraisal, plus thoroughly vet the borrower. For the past 3 years commercial lenders in my area ( Central Valley of CA) have tightened up their requirements even more. We haven’t seen very many commercial foreclosures since we got past the lending fiasco of 2007 -2009 or so.
@bluestarcesium
Ай бұрын
With high housing prices the property tax is based on this price, and the property tax amount increases. If there is a major recession, some of the people laid off will have to sell their home because of the cost of taxes, insurance, etc.,
@garybucher6824
Ай бұрын
This was a great show.I really enjoy listening to you talk to somebody else on your level.
@christschool
Ай бұрын
I've been in commercial CRE for 35 years as a commercial banker. I've financed billions of projects over my career. This is all complete bullshit. My bank is not in trouble and neither are my competitors. In fact, we haven't even had an uptick in non-performing or at risk credit grades. Commercial loan officers at banks are NOT commissioned based either. Neither of you guys know much of anything about my industry.
@perrobuck1
Ай бұрын
I agree.
@SaveManWoman
29 күн бұрын
Halt markets open low. Real estate is a rocket in the air about to turn. The only solution to the problem is major deflation. Labor and prices not adding due ti stuck pipes of entitlements that were backed by 3 years of Covid. You will have the most aggressive deflation in all.
@jayflaggs
16 күн бұрын
Thank you. I was going to comment the same thing. Glad someone else has some commen sense. These guys are just pumping out doom content and don't care what they're saying or who they're hurting. The lending is solid. I know this because i went through it and lenders are NOT playing around.
@user-nv4xm9lt7j
Күн бұрын
Always an excellent conversation with George Gammon and Ken!
@godmuzic7136
Күн бұрын
This was OUTSTANDING!!! Thank you both so much for your honor and excellence!!!
@patrickjones1392
Ай бұрын
Banks are becoming less reliable than in the past. The looming banking crisis is expected to be significant and devastating for those who are not ready. I recently withdrew $370k from my bank to invest in bonds and stocks of companies with strong cash flows. I think it's a great opportunity to seize the market for long-term profits. Any suggestions for promising stocks would be welcomed.
@richarddamien4654
Ай бұрын
Hey , I dont think here is the place to ask such questions, looking at your budget. You should consider a financial planner.
@clementdan9417
Ай бұрын
True. My $400K portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
@patrickjones1392
Ай бұрын
Who is the financial planner you're working with, and what's their strategy behind your investments?
@patrickjones1392
Ай бұрын
thanks for this recommendation . I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
@rosalopez5574
Ай бұрын
I just Googled her name and her website came up right away. It looks interesting so far.i scheduled a call already.Thanks for sharing truly!
@Dracandros76
Ай бұрын
Ken and George are great together. Thanks guys.
@maximchechel802
Ай бұрын
Two of my favorite folks in one video!
@calebfast8088
Ай бұрын
Two of my favorite folks to hear economic outlooks from!
@mikeparsons3921
Ай бұрын
You two are awesome! Thanks you for your valuable information!
@MyLoganTreks
Ай бұрын
Buffett has 188 Billion in short term T-Bills.. I'm pretty sure he knows about a buying opportunity ahead...
@CrashBr0
Ай бұрын
Buffet indicator is at an all time high.
@TheBlackJackPlayer
Ай бұрын
The banks did not take it at face value. They know what they commit to.
@thegzak
Ай бұрын
But why was there FOMO for commercial deals during the pandemic when nobody was coming to the office?
@rajwantvirk5182
Ай бұрын
I am real estate Invester investing in residential properties. I wanted to invest in commercial properties for sale but I see the numbers don’t make sense. He is right when he says sellers are inflating numbers.
@robryan751
Ай бұрын
JPM just hit an all time high. How is that possible with all these "problems"?
@user-lb8bg6kj9m
Ай бұрын
When u have access to those who control the money printing press, there is big money 💰 to be made.
@mattlarsen543
Ай бұрын
Never heard of Fomo lending.. I’ve fought tooth and nail to get 1.25 Debt service ratios. Banks are tough!
@Redwhiteandblue2022ThePr-ni4qk
Ай бұрын
In Pinellas County there is a lot of fraudulent real estate transactions with agents and customers using fake names!
@jdehil
Ай бұрын
I ran into problems… oh we have a 95 percent occupancy rate on this place. Then you do the diligence and it doesn’t add up or anything close. The problem is you have an occupied building and no-one is paying
@fernandorivas6360
Ай бұрын
I reckon those 700 billion in unrealized losses should be corrected by inflation before comparing it with those of GFC
@JM-gu3tx
Ай бұрын
Wow! This is serious. Thank you!
@CoolKidsSJJE
Ай бұрын
Great charts, great show. Thank you
@jarrad5252
Ай бұрын
The banks are acting under FOMO might be the most ridiculous thing I’ve heard. I’ve been a real estate developer for ten years and then in banking for almost fifteen. I assure you, we are not acting the way you say.
@kingandrewwoods
Ай бұрын
This was information, thank you.🙏🏽
@cynthiahartley7277
Ай бұрын
Definitely sharing this episode with friends and family! So much good content!
@ginacardarella
Ай бұрын
So strange when I brought my first multi-unit they put me though the ringer even the property itself that needed work I dont get it how some are able to do fraud 2 of my favorite guys to listen to
@ericmaclaurin8525
Ай бұрын
No friends in banking? 😂
@monkeyfinger7949
Ай бұрын
Didn't banks learn anything about no disclosure loans in 2008? How do I meet some of these bankers who will loan money without requiring any real numbers?
@AntiFinanceGuru
Ай бұрын
DSCRs hold firm at 1.25. Currently private credit and banks are doing pretend and extends, payment in kind, or rebalancing. Mez debt is increasing and banks are requiring 50% LTC/LTVs. Underwritten properties/projects were done so with stupid sensitivity analysis projecting sustained low capitalization rates and rental projections. This had created many economic defaults and financial defaults, there’s not many “bad actors” as there are egregious moral hazard issues and overzealous assumptions. Most developers and investors were well capitalized based off of their assumptions, which were stupid at the time.
@anotherperspective6247
Ай бұрын
Banks have to reserve for AFS securities so those losses are already covered. It's the HTM securities that are not covered.
@davidgardner4787
Ай бұрын
Sorry. I don't buy this. I've been buying commercial properties for years. Never once has a commercial bank been this lackadaisical. Only in minute edge cases has this happened.
@Kageoshi
Ай бұрын
I'm favoured financially, Thank you Jesus $600,000 weekly profit regardless of how bad it gets on the economy.
@Noah_William-l3l
Ай бұрын
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Georgette Wong 🙌
@JamesSmith-45
Ай бұрын
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
@AnnaKatherine-u3x
Ай бұрын
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Georgette Wong, has been an amazing experience.
@Lucas-d1i3e
Ай бұрын
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️ of myself because of low finance but I still believe in God
@LukeAdomo-h5n
Ай бұрын
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Georgette Wong 😊🎉
@s.d.crockett486
Ай бұрын
George, will you please spread the word by doing an episode on The Great Taking (book by David Roger’s Webb)?
@user-pr6rt2vv9b
20 күн бұрын
Very very good correct you to keep talking more about this fantastic great
@robertlee8042
19 күн бұрын
The guy on the right speaks clearly and succinctly. The guy on the left rambles off the specific point.
@melvinlandry8962
18 күн бұрын
Fantastic interview. The three 3️⃣ investment hierarchy rules are very very true.❤
@mlangbert
Ай бұрын
Good analysis. Daniela DiMartino Booth has been talking about this for a long time, but why are KRE and IAT, the regional bank ETFs, holding firm?
@Jarrod2323
Ай бұрын
Look at these two winners
@CarlosMunoz-nv6ir
Ай бұрын
Thank you..
@user-rn6ji1ye7n
Ай бұрын
Wow. This is 'kighting' on the large scale. 💡......🤯 ive been in banking my whole life. Always belonged to a credit union. You say we are in the 3rd inning of a 9 inning stretch. Do you think i have time to pull my money out into cash at end of sept when my cd matures? Or should i rip it out before then. I hate to lose the 'free money'. I plan to pull out all 50 after it matures but.
@lynnayers3783
Ай бұрын
We are so screwed…
@jamesfrazier4650
Ай бұрын
So is it safe to say this is a good time to be a commercial property wholesaler?
@diegoarcila842
Ай бұрын
Great info Thanks !!
@robertlee8042
19 күн бұрын
The buyer must require full recourse from the originator. It’s obvious. You know what would happen? There would be no originators. Just buyers with retail presence and an origination DEPARTMENT. Which is the way it was for the first 7,000 years of banking.
@JackMelqart
19 күн бұрын
how i see it its a repeating circle.. housing crisis inflates prices, people want to buy houses stretch to thin and then default on them, the same with car payments, cars getting more expensive, the loans themselves have higher % on them so they get more expensive, and then people have to default on them.. in a world where my blue collar job pays enough to afford a nice car and a home and save up money, i dont need to take out big loans or overdraw 3 credit cards, in a world in which you you have to live basically in the slums to afford to live while you have a job, what you expect?
@user-cx4io8yr5y
Ай бұрын
Banks collapse yet stock market all time high.
@wavesbnice1
Ай бұрын
They've been killing all my short positions.
@robertlee8042
19 күн бұрын
So. Sell stocks? Sell bank stocks? Can you find out if banks you are invested in have risky loans?
@Anthony-dj4nd
12 күн бұрын
I see so many for lease signs around it's crazy!
@candicekell1867
Ай бұрын
So much good insight in this conversation. Thank you. 7 units strong. Looking for 30 more
@buddymac78
23 күн бұрын
Take my word for it. Quit at 12
@ericmaclaurin8525
Ай бұрын
Be careful. Its not 2008. Were closer to 2005 or 2006 in the cycle.
@rosspitca9142
Ай бұрын
we have been papering over a depression,, we keep the unemployment low by just not counting people who gave up looking and dont get u/e pay.-- you can 'roughly' count them by counting the drug addicts on the street x10
@mandralliance
Ай бұрын
Great stuff
@micheal_mills
24 күн бұрын
Crash fatigue is showing with most people. Most are so tired of hearing about the worse even though its true. We are being boiled slowly in the pot! I want to diversify my $80k portfolio.
@donna_martins
24 күн бұрын
I completely agree. It's not just about the dividends or profits, Diversifying a portfolio can be a smart move and i always advise one gets a professional to help out.
@Walter_hill_
24 күн бұрын
The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date
@Martina-Alan
11 күн бұрын
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
@Walter_hill_
8 күн бұрын
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@martingainty9623
Ай бұрын
get RFK to speak at Limitless!
@chrishays558
9 күн бұрын
I’m not sure your comments are completely correct. While I agree sellers and brokers try to sell based on next years potential rent revenue and perfectly managed expenses, buyer and banks are digging into the numbers more than they did 3 -4 years ago. I purchased 3 commercial medical buildings in the last year and our process is iron clad. We are not facing FOMO. On the other hand, the numbers on repositioning deals are all over the place. This could be where the fraud is in the market.
@MrOskar1990
Ай бұрын
Not to worry. Black rock will buy all.
@jamesfrazier4650
Ай бұрын
Ken can you give us a teaser? What markets are actually doing fine now?
@francisravenscroft-dw6gi
Ай бұрын
what happens when you have 14 years of zero intrest rates? you get massive borrowing to ivest in asssets- when the cost of the debt rises, the assest values collapse. go figure.except the collapse will be across the econony- because the unsustainable debt is every hwerand recession will be sustained and deep.
@shannondavis5728
Ай бұрын
All these lease rates & home prices need to come way down!!!!
@CharlesVaughn-bm9gq
2 күн бұрын
Fraud on commercial loans are exaggerated. A recession in the market due to COVID and the resulting work from home phenomenon and higher interest rates did commercial office buildings in. Banks in Texas are very strict lenders on commercial real estate. It’s difficult to get these loans.
@D52M5
Ай бұрын
Excuse me, but the banks are complicit in all this and knew exactly what they were doing.
@Ramzi_9
Ай бұрын
Love how all KZitem vloggers got there call wrong!!! Lol😅
@bluestarcesium
Ай бұрын
There is six trillion dollars waiting for the prices of everything to fall. The Treasury Secretary has been borrowing in short bills, and in 2025 the Federal government has one third of the 35 trillion dollar debt come due, and in 2026 another one third of the 35 trillion dollar debt is due. The six trillion dollars waiting for prices to fall is expecting for a bond prices to fall and real estate to fall.
@cimonkien9833
Ай бұрын
OMG This is not good Lie and conspire is the name of the game.
@nobodysfool2232
21 күн бұрын
That a cool chart, but it’s not alarming. It’s why the Fed launched the BTFP
@brandiallard6524
Ай бұрын
We had better let those banks fail this time. They have got to learn the lesson. They are not doing their jobs but if you expect the taxpayer to pick up the bill without ant bankers going to jail for a very long time.
@theculturedev
Ай бұрын
When you zoom out to such macro levels you must be disciplined to include other macro elements that weren’t previously in frame. One of which being the shifting geopolitical landscape-which fits massive advantage for US economy over the next 10-20 years. The FED is watching this and should the issues arise to catastrophic levels of which you speak the fed rate lever would be pulled to compensate… introducing yet another macro level x-factor.
@raymondcaylor6292
Ай бұрын
Ya'll forgot the sky's falling too
@MRW515
Ай бұрын
Fab conversation
@mikimikemike1
Ай бұрын
A I SHOULD GET ALL THESE PEOPLE
@lazyk8262
29 күн бұрын
Aloha, no one talks about Credit Unions, ups, downs, ins, outs...
@4rLWeSFHRggQ
Ай бұрын
What’s the reason stocks go up even after the yield curve unwinds, as George mentions near the end?
@michaelgoodrich5309
Ай бұрын
Fiscal response
@cpcreit
Ай бұрын
Gammon's stats are correct. But imagine if Bernanke did not go into QE overdrive around 2010-2013? I am sure the default rate would have hit at minimum 12%, double the 6% he quoted. RE commercial RE, esp the office bldgs, they have outlived its utilities...users who would normally need 30k sq ft, an entire floor are now happy w/ say 10k sq ft. The economy does not generate enough new businesses to absorb so much vacancies, all you get will be churns, B class users going to A products paying 70-80 cents on $ from their previous B products, leaving the B and C products in no man's land...As an example: go into any minority neighborhood w/ the 60-70's built office complexes, dilapidated, 50-30% leased max, useless except for the land beneath at best. This scenario might play out for 65% of all office products in a slow burn until everyone of those bldgs are simply money losers whereby NO ONE wants to touch it except for the land....
Very bright interview, but dropping rates will also increase demand, I don't see housing prices going down unless we get a legit depression/great recession (10% unemployment)
@capnvariance
Ай бұрын
If CMBS swaps are booked to the degree of the swaps in 2008, we are in trouble, otherwise, we just have bad loans that will see some failures, but no systemic risk
@Cassander314
Ай бұрын
Even simple credit is commission based
@teresayoung8898
Ай бұрын
Ohhh really ???? Not set up ? Because. Wealthy billionairs are building their own city in CALIFORNIA. MUST BE NICE
@speteydog2260
Ай бұрын
People should be staying in their homes more than 5 years. Thats probably the whole problem. Home ownership is a big deal.
@freedomworks3976
Күн бұрын
Dave ramsey might be right 😂😂😂
@recisuser
15 күн бұрын
Yes because recently arrived illegal immigrants are among the biggest consumers of new commercial/residential real estate - but because banks are choosing not to supply this influx of illegal immigrants with the new housing they desire by reducing the number of construction loans they normally give out - a recession is upon us. Makes total sense.
@joshs2733
Ай бұрын
Just need an honest appraiser. See word "honest"
@kervenslange3411
Ай бұрын
😕So hold a 3% t-note at maturity long term you there won’t be losses ? That’s a lie.
@reubentrekloco9297
Ай бұрын
been a subscriber to both. Don't they have both conflicting view points on what's going to happen in the residential market in the downturn? Ken basically states the supply is too low for any significant moves down in residential market. George seems to say regardless of the supply being low, the economic conditions are against the consumer and will be forced to sell based off unemployment and cost of ownership.
@dingdang8467
Ай бұрын
I agree with your observation. I am a RE investor I tend to believe Ken (could be wishful thinking) more as he is a RE expertise
@dyingbatroad
Ай бұрын
I heard a new term for vacancy today in a local newspaper; "available for occupancy". I guess that's the new politically correct word to use now. In this particular downtown area, the paper claimed a 28% "available for occupancy" rate.
@johnmorelli
Ай бұрын
Your guest has no idea what he's talking about. What he's describing is not an accurate description of bank CRE lending at all, period.
@peter5149
Ай бұрын
He is confident and sounds good
@rosspitca9142
Ай бұрын
wait until people figure out the insurance co's are out of cash. they are charging peter to pay paul
@mauriciocruz3225
Ай бұрын
All right. I only see resident for sale
@ericmaclaurin8525
Ай бұрын
A 4+ minute commercial before the video??? Who makes decisions like that?
@LCculater
4 күн бұрын
I love making money 😂😂😂😂, it’s easy
@foodhead4677
Ай бұрын
All that "good debt" you talk about is gonna turn bad real quick when those loans get called and cash flow starts reflecting those new insurance costs...
@jameswalker366
Ай бұрын
George posts a lot of content and appears a good analyst, however, is he actually an independently successful investor in his own right? Why is his opinion valid? You personally clearly have a strong track record. What is George’s? Genuinely want to know.
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