Real Estate Expert: I Quit My 9-5 Job After Learning THIS About Buying Rental Properties
The Iced Coffee Hour
Heed the Warnings Before the Fall
In 2005, landlords faced immense challenges as tenants with poor credit quality were able to buy homes, highlighting the unstable market. Insights from expert Bruce Norris in 2006 underscored the unsustainable affordability levels and the poor quality of mortgages in California, prompting a warning to sell properties. Noticing alarming affordability trends, proactive measures were taken over 11 months to divest from real estate through 1031 exchanges to avoid tax penalties, demonstrating the importance of recognizing early indicators of market volatility.
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