Collecting Keys - Real Estate Investing Podcast

EP 507 - D.R. Horton Neighborhoods are the next Mobile Home Parks

Mike DeHaan

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0:00 | 45:26

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Nobody tells you the most expensive thing in a deal right now is time. A payoff takes three weeks when a lender can pull one in 15 minutes. A finished flip sits 42 days at a price cut below both comps. In this episode, we break down Dylan's 36 unit seller finance deal and the two year balloon inside it, why note servicers get paid to stall you, and when it makes sense to hire your own property manager. Plus Berkshire Hathaway's bet on home builders.

Topics discussed:
Introduction (00:00)
Why gurus find religion when business dries up (01:39)
Soft serve at home and the steroid question (02:17)
China, electric cars, and the petrodollar (05:39)
Aging politicians and the citizenship test idea (08:47)
Dylan's 36 unit deal and the two year balloon (13:42)
When it makes sense to hire your own property manager (18:35)
Why a payoff takes three weeks (22:47)
The payoff that expires before you can close (25:00)
The flip that has been sitting 42 days (27:35)
Buyers going for blood and offers that never existed (30:37)
Berkshire Hathaway's $1.2 billion bet on home builders (37:20)
Why D.R. Horton neighborhoods age like mobile home parks (40:41)

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