Welcome to the Legacy Wealth Code podcast, your guide to navigating the ever-changing real estate market. In this episode, we delve into the current landscape, where default notices have surged by 36% from 2022 to 2023. As scheduled auctions and bank repossessions increase, exciting investment opportunities emerge. Join us as we explore different types of distressed properties and uncover strategies to capitalize on them. From subject-to properties and short sales to auction properties, we shed light on the diverse buying opportunities that lie ahead in the face of growing economic uncertainty. Tune in now and equip yourself with the knowledge to thrive in this evolving market.
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Episode #9: Investing in Distressed Properties - Short Sales, Auction Properties, and Subject To
Host:Michael Notbohm & Andrew Hoek
Welcome to this episode of the Legacy Wealth Code Podcast, a platform aimed at helping you build long-term wealth and a lasting legacy through real estate investing, tax strategies, and motivational stories from successful people. Meet our hosts, Michael Notbohm & Andrew Hoek.
With the fallout of events from the pandemic and a dwindling buyers pool, the number of distressed properties will very likely go up over the next 12 to 18 months. Hence, eager investors must prepare themselves financially and educationally to identify and maximize these opportunities. Learning to navigate the terrain through due diligence and having an understanding of the distressed property market will guide a lot of investors in this period.
In this episode, our hosts shed light on the different categories of investment possibilities available with distressed properties. They also discuss key factors to consider and how investors can leverage these Properties to make a profit in real estate.