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212: Receivership Real Estate: The Hidden Inventory Only Experts Know About w/Jake Flothe

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Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

When housing inventory is low, where do you go? Foreclosure rates are down, short sales are a hassle, and the open housing market has barely any sellers—is there a better way to find deals? Yes! Enter real estate receivership—the hidden housing inventory that our own James Dainard has been using for years to get better deals than what’s on the market. How do they work, and what’s behind these discounted deals?

Attorney Jake Flothe works with receiverships daily and has seen the inside and out of these transactions that most real estate investors know nothing about. In short, receivership is when a court-appointed receiver takes control of a property in order to sell it to pay back creditors on the borrower’s behalf. This alternative to foreclosure and bankruptcy helps many real estate investors and everyday Americans escape a financial bind and can bring better properties to your investment portfolio.

Jake gets into the nitty gritty of why someone would go into receivership, how to finance these discounted deals, the vast benefits of receivership over foreclosure or short sales, what the bidding and buying process looks like, and the one clause that could kick you out of an amazing receivership deal.

In This Episode We Cover:

The hidden inventory of “receiverships” that most investors have no idea about

Why receivership real estate may be an even better deal than foreclosures

The bidding process and how to start putting in offers on these discounted deals

A BIG reason why foreclosures are down and receiverships are “ramping up”

One clause that could completely ruin your receivership deals

Why YOU may need to consider receivership if your deal goes sideways

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

James' BiggerPockets Profile

James' Instagram

BiggerPockets' Instagram

What is a Foreclosure? The Complete Guide

HousingWire CEO: This Inventory Shortage Could Last Decades

Connect with Jake:

Jake's LinkedIn

Jake's Website

Jump to topic:

(00:00) Intro

(01:50) What is Receivership?

(06:05) Can You Finance It?

(07:40) Better Than Short Sales?

(11:54) Bidding and Buying

(16:36) Receivership is “Ramping Up”

(21:20) The “Bump” Clause

(23:33) Fewer Foreclosures?

(24:36) How to Buy Receivership Properties

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-212

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

218 episodes

Artwork
iconShare
 
Manage episode 415191329 series 3338156
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

When housing inventory is low, where do you go? Foreclosure rates are down, short sales are a hassle, and the open housing market has barely any sellers—is there a better way to find deals? Yes! Enter real estate receivership—the hidden housing inventory that our own James Dainard has been using for years to get better deals than what’s on the market. How do they work, and what’s behind these discounted deals?

Attorney Jake Flothe works with receiverships daily and has seen the inside and out of these transactions that most real estate investors know nothing about. In short, receivership is when a court-appointed receiver takes control of a property in order to sell it to pay back creditors on the borrower’s behalf. This alternative to foreclosure and bankruptcy helps many real estate investors and everyday Americans escape a financial bind and can bring better properties to your investment portfolio.

Jake gets into the nitty gritty of why someone would go into receivership, how to finance these discounted deals, the vast benefits of receivership over foreclosure or short sales, what the bidding and buying process looks like, and the one clause that could kick you out of an amazing receivership deal.

In This Episode We Cover:

The hidden inventory of “receiverships” that most investors have no idea about

Why receivership real estate may be an even better deal than foreclosures

The bidding process and how to start putting in offers on these discounted deals

A BIG reason why foreclosures are down and receiverships are “ramping up”

One clause that could completely ruin your receivership deals

Why YOU may need to consider receivership if your deal goes sideways

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Forums

BiggerPockets Agent

BiggerPockets Bootcamps

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Dave's BiggerPockets Profile

Dave's Instagram

James' BiggerPockets Profile

James' Instagram

BiggerPockets' Instagram

What is a Foreclosure? The Complete Guide

HousingWire CEO: This Inventory Shortage Could Last Decades

Connect with Jake:

Jake's LinkedIn

Jake's Website

Jump to topic:

(00:00) Intro

(01:50) What is Receivership?

(06:05) Can You Finance It?

(07:40) Better Than Short Sales?

(11:54) Bidding and Buying

(16:36) Receivership is “Ramping Up”

(21:20) The “Bump” Clause

(23:33) Fewer Foreclosures?

(24:36) How to Buy Receivership Properties

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-212

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

218 episodes

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