REAL ESTATE PODCAST & RADIO SHOW
ARCHIVES – REAL ESTATE PODCAST & RADIO SHOW
The Norris Group has been producing great content since 2007! Have a favorite guest or show you want to listen to? Check them all out here.
Bruce Norris is joined by Southern California foreclosure expert and president of ForeclosureForum.com, Ward Hanigan. Bruce and Ward discuss how Ward got started in the forclosure business, investing in the 1980s, why Ward went for a law degree, Ward’s early mentors, California trustee sale market in the 1980s, what the trustee sale market is doing now, Ward’s Dingbat Retirement Program, how he has set up a reoccurring income stream, what properties he finds attractive, why tenants can make or break an investment, finding your customer and finding out what they want, Section 8, how San Diego has changed since late 2005, current conversion rates of trustee sales, deal breakers when looking at trustee sale properties, Ward’s take on the new subprime solutions, what lenders will be dealing with in 2008.
Bruce Norris is joined by REO agent and owner of Market Point Realty, Steve Silva. Steve and Bruce talk about how busy Steve has quickly become, how fast the market has changed compared to the 90s, the willingness of lenders to work out deals with borrowers, why the borrower and lender can’t seem to make it work, how the chain of command has made things worse, inventory this cycle compared to the last downturn, the new phenomenon of builders packing up and waiting for the market to return, the requirements of being an REO agent, what an REO agent is very busy doing these days, the REO process, why comparable sales aren’t always a good benchmark to use when deciphering real value, vacancy rates, and the recent purchase of an auction property that was Steve’s listing that he’s managed for almost one year and the journey he took with the bank.
In this second interview, Christopher Thornberg and Bruce Norris discuss how builders are adjusting to the new California real estate reality, how builders are notoriously optimistic, why builders continue to build, inflation pressure and why it’s hard to predict, consumer spending, when the subprime peak will occur, possible policy changes and the presidential elections, how property taxes will cause problems for cities around the nation, employment, out migration, and the commercial market.
Christopher Thornberg is back with Bruce Norris discussing recent CEOs being fired or leaving financial firms, past bubbles vs. current real estate bubble, bond ratings, affordability issues in real estate, Super SIV fund, how real estate will change consumer spending, how foreclosures will effect prices, foreclosures in some of the most respected and stable financial institutions, possible bank solutions, what rental markets will do in the coming years, and why banks will have a hard time if they set bad precedents.
Bruce Norris is joined once again by Chief Economist for the Los Angeles County Economic Development Corporation (LAEDC), Jack Kyser. Bruce and Jack discuss how California will deal with budget shortfalls because of real estate, California’s 10% budget shortfall, borrowing into the future, how the election year could affect us, possible changes in the bankruptcy laws, new Fannie Mae and Freddie Mac loan limits, California real estate transaction numbers, recent auctions, California rental markets, interest rate hikes, tax law changes, what it could mean if a democrat takes office, and where California is at in the current market correction.
In this interview, Mike Cantu talks about his plans for this cycle, how people without great wealth can participate in this cycle, why attitude is everything, working with Realtors, Mike’s criteria for properties, favorite target rentals, auctions, his long-term strategy, rentals in a down market, and how Mike does not use property managers.
Bruce is joined by Rick Sharga for a follow up interview after having spoken in March about the current market situation. Rick discusses how RealtyTrac counts foreclosures, how rapidly foreclosures are growing, upcoming auctions, the liquidity crunch, foreclosures and their impact on prices, how the White House is trying to help with the new IRS bill, and which states are seeing the worst of it all.