EP 64: Joe Biden's Rent Policy, Horrible Dallas Wholesalers, DFW Market Update

SummaryIn this conversation, Ashton and Tavis discuss their recent real estate projects and the challenges they have encountered. Tavis shares updates on his ongoing projects, including a renovation in Garland and a property in The Colony that he decided to keep as a rental. They also discuss the importance of knowing timetables and coordinating different contractors for a smooth renovation process. Ashton talks about his plans to get back into flipping houses and shares a unique title issue he encountered with one of his listings. They conclude with a market update, noting a decrease in closed transactions and an increase in inventory. The conversation covers various topics including the real estate market, the reopening of Alamo Drafthouse theaters, the potential closure of Garibaldi Bazaar, and Joe Biden's proposed rent increase cap. The discussion highlights the current state of the real estate market, the challenges faced by buyers and sellers, and the impact of online platforms like Zillow. The reopening of Alamo Drafthouse theaters is seen as a positive development, while the potential closure of Garibaldi Bazaar raises concerns about the loss of a cultural hub. The conversation also delves into the pros and cons of Biden's proposed rent increase cap, with arguments for and against the regulation. Keywordsreal estate, renovation, rental property, flipping houses, contractors, title issue, market update, real estate market, Alamo Drafthouse, Garibaldi Bazaar, Joe Biden, rent increase cap Takeaways Coordinating different contractors and knowing timetables is crucial for a smooth renovation process. Having a clear investment thesis and criteria can help in making decisions about whether to keep a property as a rental or flip it. The real estate market is experiencing a decrease in closed transactions and an increase in inventory. Title issues can arise in real estate transactions, and it's important to work with experienced professionals to navigate them. The real estate market is experiencing a shift, with sellers paying for closing costs and properties staying on the market for longer periods. Online platforms like Zillow have made it easier for buyers to search for properties, but there is still value in physically visiting a property to get a better feel for it. The reopening of Alamo Drafthouse theaters is a positive development, preserving a unique movie theater experience. The potential closure of Garibaldi Bazaar raises concerns about the loss of a cultural hub in the community. Joe Biden's proposed rent increase cap for landlords with 50 or more units has sparked debate, with arguments for and against the regulation. Titles Getting Back into Flipping Houses The Decision to Keep a Property as a Rental The Changing Real Estate Market Debating Joe Biden's Rent Increase Cap Sound Bites "Well good afternoon, good late afternoon, Tavis. How are" "I am stressed today." "You know, flooring, for instance, had to be scheduled two weeks prior. so the floor is going in Monday, Tuesday." "To me, it almost already feels like a buyer's market because sellers are paying for closing." "Back in the day, you didn't have that. And the challenge used to be like, I only want to show you five properties at a time because that's all you're going to be able to retain in a day." "Sony has reopened all of them. They made everybody whole. They kind of made up back pay." Chapters 00:00Introduction and Catching Up 05:17The Decision to Keep a Property as a Rental 07:30Getting Back into Flipping Houses 15:37Dealing with Title Issues in Real Estate Transactions 19:07Market Update: Decrease in Closed Transactions and Increase in Inventory 24:25The Changing Real Estate Market 30:30The Reopening of Alamo Drafthouse Theaters 33:20The Potential Closure of Garibaldi Bazaar 36:00Debating Joe Biden's Rent Increase Cap   https://www.youtube.com/@TheRealEstateHeavyweights