All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Coronavirus Content & Resources Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Companies Hard Money Lenders Contractors Investment Companies

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowBuying & Selling Real Estate DiscussionArrowHow Will Joe Biden as US President Affect Real Estate
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Topic: 1031 Exchanges Topic: Akron Real Estate Forum Topic: Alabama Real Estate Q&A Discussion Forum Topic: Alaska Real Estate Q&A Discussion Forum Topic: Alberta Real Estate Forum Topic: Albuquerque Topic: Allentown Real Estate Forum Topic: Anchorage Real Estate Forum Topic: Ann Arbor Topic: Arizona Real Estate Q&A Discussion Forum Topic: Arkansas Real Estate Q&A Discussion Forum Topic: Arlington Real Estate Forum Topic: Asheville NC Real Estate Forum Topic: Ask About A Real Estate Company Topic: Athens Real Estate Forum Topic: Atlanta Real Estate Forum Topic: Aurora Real Estate Forum Topic: Aurora Real Estate Forum Topic: Austin Real Estate Forum Topic: Bakersfield Real Estate Forum Topic: Baltimore Real Estate Forum Topic: Bankers, Lenders, and Mortgage Brokers Topic: Baton Rouge Real Estate Forum Topic: Beaverton Real Estate Forum Topic: BiggerPockets Business Podcast Topic: BiggerPockets Exclusive PRO Area Topic: BiggerPockets Money Podcast Topic: BiggerPockets Real Estate Investing Summit Topic: BiggerPockets Summer Reading List Topic: BiggerPockets Webinar Discussion Forum Topic: Billings Real Estate Forum Topic: Birmingham Real Estate Forum Topic: Bismarck Real Estate Forum Topic: Boise Real Estate Forum Topic: Boston Real Estate Forum Topic: Bridgeport Real Estate Forum Topic: British Columbia Real Estate Forum Topic: BRRRR - Buy, Rehab, Rent, Refinance, Repeat Topic: Buying & Selling Real Estate Discussion Topic: California Real Estate Q&A Discussion Forum Topic: Cambridge Real Estate Forum Topic: Canadian Real Estate Topic: Cape Cod Real Estate Forum Topic: Cape Coral Real Estate Forum Topic: Casper Real Estate Forum Topic: Cedar Rapids Real Estate Forum Topic: Chandler Real Estate Forum Topic: Charleston Real Estate Forum Topic: Charleston Real Estate Forum Topic: Charlotte Real Estate Forum Topic: Chattanooga Real Estate Forum Topic: Chesapeake Real Estate Forum Topic: Cheyenne Real Estate Forum Topic: Chicago Real Estate Forum Topic: Chittenden County Real Estate Forum Topic: Cincinnati Real Estate Forum Topic: Cleveland Real Estate Forum Topic: Coastal NC Real Estate Forum Topic: Colorado Real Estate Q&A Discussion Forum Topic: Colorado Springs Real Estate Forum Topic: Columbia Real Estate Forum Topic: Columbia Real Estate Forum Topic: Columbus Real Estate Forum Topic: Columbus Real Estate Forum Topic: Commercial Real Estate Investing Forum Topic: Completed Deal Diaries Topic: Connecticut Real Estate Q&A Discussion Forum Topic: Construction & Remodeling Diaries Topic: Contractors Topic: Conway Real Estate Forum Topic: Coronavirus Conversation Topic: Coronavirus Government Assistance Programs Topic: Creative Real Estate Financing Forum Topic: Currently Under Contract Topic: Dallas Real Estate Forum Topic: Davenport Real Estate Forum Topic: Dayton Real Estate Forum Topic: Delaware Real Estate Q&A Discussion Forum Topic: Denver Real Estate Forum Topic: Des Moines Real Estate Forum Topic: Detroit Real Estate Forum Topic: Do it Yourself Topic: El Paso Real Estate Forum Topic: Eugene Real Estate Forum Topic: Evansville Real Estate Forum Topic: FAQ Forum Topic: Fargo Topic: Fayetteville Real Estate Forum Topic: First Time Home Buyer Topic: Florida Real Estate Q&A Discussion Forum Topic: Foreigners Buying in the USA Topic: Fort Collins Real Estate Forum Topic: Fort Lauderdale Real Estate Forum Topic: Fort Smith Real Estate Forum Topic: Fort Wayne Real Estate Forum Topic: Fort Worth Real Estate Forum Topic: Fresno Real Estate Forum Topic: General Foreclosure & Pre-Foreclosure Forums Topic: General Landlording & Rental Properties Topic: General Real Estate Investing Topic: Georgia Real Estate Q&A Discussion Forum Topic: Germantown Real Estate Forum Topic: Get Foreclosure Help - Stop Foreclosure Forum Topic: Gilbert Real Estate Forum Topic: Glendale Real Estate Forum Topic: Goals, Business Plans & Entities Topic: Grand Rapids Real Estate Forum Topic: Green Bay Topic: Greensboro Real Estate Forum Topic: Hammond Real Estate Forum Topic: Hartford Real Estate Forum Topic: Hawaii Real Estate Q&A Discussion Forum Topic: Henderson Real Estate Forum Topic: Hialeah Real Estate Forum Topic: Hilo Real Estate Forum Topic: Home Owner Association (HOA) Issues & Problems Forum Topic: Honolulu Real Estate Forum Topic: Housing News & Real Estate Market Discussions Topic: Houston Real Estate Forum Topic: HUD, VA, and Tax Sales Topic: Huntington Real Estate Forum Topic: Huntsville Real Estate Forum Topic: Idaho Falls Real Estate Forum Topic: Idaho Real Estate Q&A Discussion Forum Topic: Illinois Real Estate Q&A Discussion Forum Topic: Indianapolis Real Estate Forum Topic: Indiana Real Estate Q&A Discussion Forum Topic: Innovative Strategies Topic: Interest Rate Drops Topic: International Real Estate Topic: Investor Deal Diaries Topic: Investor Psychology Topic: Iowa Real Estate Q&A Discussion Forum Topic: Jackson Real Estate Forum Topic: Jacksonville Real Estate Forum Topic: Jersey City Real Estate Forum Topic: Job Loss/Company Closings Topic: Joliet Real Estate Forum Topic: Jonesboro Real Estate Forum Topic: Kailua Real Estate Forum Topic: Kānèohe Real Estate Forum Topic: Kansas City Real Estate Forum Topic: Kansas City Real Estate Forum Topic: Kansas Real Estate Q&A Discussion Forum Topic: Kentucky Real Estate Q&A Discussion Forum Topic: Knoxville Real Estate Forum Topic: Lakewood Real Estate Forum Topic: Landlord Problem Solving Topic: Las Cruces Real Estate Forum Topic: Las Vegas Real Estate Forum Topic: Lewiston Real Estate Forum Topic: Lexington-Fayette Real Estate Forum Topic: Lincoln Real Estate Forum Topic: Little Rock Real Estate Forum Topic: Local Real Estate Networking Topic: Long Beach Real Estate Forum Topic: Long Island Real Estate Forum Topic: Los Angeles County Real Estate Forum Topic: Louisiana Real Estate Q&A Discussion Forum Topic: Louisville Real Estate Forum Topic: Madison Real Estate Forum Topic: Maine Real Estate Q&A Discussion Forum Topic: Managing Your Property Topic: Manchester Real Estate Forum Topic: Manitoba Topic: Marketing Your Rental Topic: Marketplace Topic: Maryland Real Estate Q&A Discussion Forum Topic: Massachusetts Real Estate Q&A Discussion Forum Topic: Meads Real Estate Forum Topic: Memphis Real Estate Forum Topic: Meridian Real Estate Forum Topic: Mesa Real Estate Forum Topic: Miami Topic: Michigan Real Estate Q&A Discussion Forum Topic: Military Investing Topic: Milwaukee Real Estate Forum Topic: Minneapolis Real Estate Forum Topic: Minnesota Real Estate Q&A Discussion Forum Topic: Mississippi Real Estate Q&A Discussion Forum Topic: Missoula Real Estate Forum Topic: Missouri Real Estate Q&A Discussion Forum Topic: Mobile (Alabama) Real Estate Forum Topic: Mobile Homes & Mobile Home Park Investing Topic: Modesto/Merced Real Estate Forum Topic: Montana Real Estate Q&A Discussion Forum Topic: Montgomery Real Estate Forum Topic: Mortgage Payment Suspension Topic: Mt. Pleasant Real Estate Forum Topic: Multi-Family and Apartment Investing Forums Topic: Nampa Real Estate Forum Topic: Naperville Real Estate Forum Topic: Nashville Real Estate Forum Topic: Nebraska Real Estate Q&A Discussion Forum Topic: Nevada Real Estate Q&A Discussion Forum Topic: Newark Real Estate Forum Topic: New Brunswick Real Estate Forum Topic: Newfoundland and Labrador Real Estate Forum Topic: New Hampshire Real Estate Q&A Discussion Forum Topic: New Haven Real Estate Forum Topic: New Jersey Real Estate Q&A Discussion Forum Topic: New Member Introductions Topic: New Mexico Real Estate Q&A Discussion Forum Topic: New Orleans Real Estate Forum Topic: New York City Real Estate Forum Topic: New York Real Estate Q&A Discussion Forum Topic: Norfolk Real Estate Forum Topic: North Carolina Real Estate Q&A Discussion Forum Topic: North Dakota Real Estate Q&A Discussion Forum Topic: Northwest Territories Real Estate Forum Topic: Norwalk Real Estate Forum Topic: Nova Scotia Real Estate Forum Topic: Nunavut Real Estate Forum Topic: Oakland Real Estate Forum Topic: Off-Topic Topic: Ogden Topic: Ohio Real Estate Q&A Discussion Forum Topic: Oklahoma City Real Estate Forum Topic: Oklahoma Real Estate Q&A Discussion Forum Topic: Omaha Real Estate Forum Topic: Ontario Real Estate Forum Topic: Orange County Real Estate Forum Topic: Oregon Real Estate Q&A Discussion Forum Topic: Orlando Real Estate Forum Topic: Overland Park Real Estate Forum Topic: Pearl City Real Estate Forum Topic: Pennsylvania Real Estate Q&A Discussion Forum Topic: Peoria Real Estate Forum Topic: Personal Finance Forum Topic: Philadelphia Real Estate Forum Topic: Phoenix Real Estate Forum Topic: Pittsburgh Real Estate Forum Topic: Pocatello Real Estate Forum Topic: Portland Real Estate Forum Topic: Portland Real Estate Forum Topic: Prince Edward Island Real Estate Forum Topic: Private Lending & Conventional Mortgage Advice Topic: Property Insurance Questions & Discussions Topic: Providence Real Estate Forum Topic: Provo Real Estate Forum Topic: Quad Cities Real Estate Forum Topic: Quebec Real Estate Forum Topic: Questions About BiggerPockets and Official Site Announcements Topic: Raleigh Real Estate Forum Topic: Rapid City Real Estate Forum Topic: Real Estate Agent Forums Topic: Real Estate Crowdfunding Forums Topic: Real Estate Deal Analysis and Advice Topic: Real Estate Development & New Home Construction Topic: Real Estate Events and Happenings Topic: Real Estate Guru, Book & Course Reviews and Discussions Topic: Real Estate Investor Marketing Help & Advice Topic: Real Estate News & Current Events Topic: Real Estate Not-So-Successful Stories Topic: Real Estate Quizzes Topic: Real Estate Rookie Podcast Topic: Real Estate Success Stories Topic: Real Estate Technology, Social Media & Blogging Topic: Real Estate Wholesaling Questions & Answers Topic: Rehabbing and House Flipping Topic: Reno Real Estate Forum Topic: Renters Discussion Topic: Rent to Own a.k.a. Lease Purchase, Lease Options Topic: REOs Topic: Rhode Island Real Estate Q&A Discussion Forum Topic: Richmond Real Estate Forum Topic: Rio Grande Valley Real Estate Forum Topic: Riverside Real Estate Forum Topic: Rochester Real Estate Forum Topic: Rockford Real Estate Forum Topic: Sacramento Real Estate Forum Topic: Saint Paul Real Estate Forum Topic: Salem Real Estate Forum Topic: Salt Lake City Real Estate Forum Topic: San Antonio Real Estate Forum Topic: San Diego Real Estate Forum Topic: Sandy Springs Real Estate Forum Topic: San Francisco Real Estate Forum Topic: San Jose Real Estate Forum Topic: San Luis Obispo Real Estate Forum Topic: Santa Fe Real Estate Forum Topic: Saskatchewan Real Estate Forum Topic: Savannah Real Estate Forum Topic: Scottsdale Real Estate Forum Topic: Seattle Real Estate Forum Topic: Short Sales Questions Topic: Short-Term and Vacation Rental Discussion Topic: Shreveport Real Estate Forum Topic: Sioux City Real Estate Forum Topic: Sioux Falls Real Estate Forum Topic: South Bend Real Estate Forum Topic: South Carolina Real Estate Q&A Discussion Forum Topic: South Dakota Real Estate Q&A Discussion Forum Topic: Southeast NC Real Estate Forum Topic: Spokane Real Estate Forum Topic: Springdale Real Estate Forum Topic: Springfield Real Estate Forum Topic: Stamford Real Estate Forum Topic: Starting Out Topic: St. Louis Real Estate Forum Topic: Stockton Real Estate Forum Topic: St. Petersburg Real Estate Forum Topic: STR Strategies Under Travel Restrictions Topic: Surprise Real Estate Forum Topic: Tacoma Real Estate Forum Topic: Tallahassee Real Estate Forum Topic: Tampa Real Estate Forum Topic: Tax, Legal Issues, Contracts, Self-Directed IRA Topic: Tax Liens, Notes, Paper, & Cash Flows Discussion Topic: Tempe Real Estate Forum Topic: Tenant Screening Topic: Tennessee Real Estate Q&A Discussion Forum Topic: Texas Real Estate Q&A Discussion Forum Topic: Thornton Real Estate Forum Topic: Toledo Real Estate Forum Topic: Topeka Real Estate Forum Topic: Tucson Real Estate Forum Topic: Tulsa Real Estate Forum Topic: Tuscaloosa Real Estate Forum Topic: Upstate New York Real Estate Forum Topic: Utah Real Estate Q&A Discussion Forum Topic: Vancouver Real Estate Forum Topic: Vermont Real Estate Q&A Discussion Forum Topic: Virginia Beach Real Estate Forum Topic: Virginia Real Estate Q&A Discussion Forum Topic: Waipahu Real Estate Forum Topic: Waipahu Real Estate Forum Topic: Warren Real Estate Forum Topic: Warwick Real Estate Forum Topic: Washington D.C. Real Estate Q&A Discussion Forum Topic: Washington Real Estate Q&A Discussion Forum Topic: Waterbury Real Estate Forum Topic: Westchester County Real Estate Forum Topic: Western NC Real Estate Forum Topic: West Gulfport Real Estate Forum Topic: West Virginia Real Estate Q&A Discussion Forum Topic: Wichita Real Estate Forum Topic: Wilkes Barre Scranton Real Estate Forum Topic: Wilmington Real Estate Forum Topic: Wisconsin Real Estate Q&A Discussion Forum Topic: Worcester Real Estate Forum Topic: Wyoming Real Estate Q&A Discussion Forum Topic: Yukon Real Estate Forum
Create post

How Will Joe Biden as US President Affect Real Estate

184 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Flipping, and Team
  • Posts 503
  • Votes 326

Wale Lawal
Realtor | Buy & Hold Investor from Houston, TX

posted 3 months ago

I will like to know how you guys think his administration will affect Real Estate and Investors. 

I have listened to diverse opinion on this from folks that are not investing in Real Estate but I will like to hear from Investors and Real Estate Professionals.

As a Real Estate Agent and Investor from Houston Texas, I have received calls from clients seating on the fence to see who win the election. 

How will this affect the General Buying and Selling of Real Estate?

Do you think Joe Bidden will save foreclosures in 2021?

Do you see any big changes in the next few months?
Should New and Experience Investors buy if the number works of wait for few months to see how his policies will affect Real Estate?

Please support your opinion with facts if possible. Appreciate your meaningful contributions.

Thank you 

Updated 3 months ago

Joe Biden I meant. Pardon my typo. Thank you

Updated 3 months ago

Joe Biden I meant. Pardon my typo. Thank you

Rotate Log in or sign up to reply
user profile avatar
  • Posts 7.0K
  • Votes 4.7K

Theresa Harris

replied 3 months ago

I doubt it will be different than with Obama.  The biggest problem regardless of who is in charge will be covid.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing, Finding & Screening Tenants, and Team
  • Posts 232
  • Votes 306

Derrick Dill
Investor from Hawaiian Gardens, California

replied 3 months ago

Will most likely bring back state and local tax deductions (SALT, property tax deductions) that were taken away

Rotate Log in or sign up to reply
user profile avatar
  • Posts 1.7K
  • Votes 1.2K

Guy Gimenez
Investor from Corpus Christi, TX

replied 3 months ago

Increased cap. gains tax and higher taxes on all other aspects of our lives. And no, it won't be just on those making over $400K.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Single Family and Residential
  • Posts 1.4K
  • Votes 1.7K

Darius Ogloza
Investor from Marin County California

replied 3 months ago

The real action is in the Senate.  Assuming Tillis wins in North Carolina, the Republicans will need to win one of the Georgia run-offs (Perdue or Loeffler) in January to control the Senate.  If they achieve control, you will likely see few if any changes affecting real estate investors for at least the next two years.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 36
  • Votes 29

Travis M.

replied 3 months ago

@Wale Lawal

I think the Democrat’s self stated goal of printing as much money as possible will do what we have already seen - increase the value of assets.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Team and Flipping
  • Posts 800
  • Votes 986

Tchaka Owen
Real Estate Agent from Merritt Island, FL

replied 3 months ago

To the level that the vast majority of us operate, you will not see any real change. Biden (just one 'n') has a lot more on his plate than to worry about our segment of real estate. To be fair, I cannot think of any modern President who had a profound difference on real estate investing. So Capital Gains rate goes up a little or down a little or perhaps lending tightens or loosens a bit....so what? Will that make anyone say, "I'm never investing again!"? No. Keep doing what you're doing and don't sweat it.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subject:
Rentals
  • Posts 3.2K
  • Votes 8.7K

Mike Dymski
Investor from Greenville, SC

replied 3 months ago

Focus on deal flow and your criteria.  Everything else is noise.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Flipping, and Team
  • Posts 503
  • Votes 326

Wale Lawal
Realtor | Buy & Hold Investor from Houston, TX

replied 3 months ago
Originally posted by @Theresa Harris :

I doubt it will be different than with Obama.  The biggest problem regardless of who is in charge will be covid.

 I completely agree with you. COVID is a world pandemic and it's killing the world economy. 

I am not sure how long the fed can continue to print money to help the economy though. I guess time will tell.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Flipping, and Team
  • Posts 503
  • Votes 326

Wale Lawal
Realtor | Buy & Hold Investor from Houston, TX

replied 3 months ago
Originally posted by @Derrick Dill :

Will most likely bring back state and local tax deductions (SALT, property tax deductions) that were taken away

 This will still be subject to debates on what the majority want. 

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Flipping, and Team
  • Posts 503
  • Votes 326

Wale Lawal
Realtor | Buy & Hold Investor from Houston, TX

replied 3 months ago
Originally posted by @Darius Ogloza :

The real action is in the Senate.  Assuming Tillis wins in North Carolina, the Republicans will need to win one of the Georgia run-offs (Perdue or Loeffler) in January to control the Senate.  If they achieve control, you will likely see few if any changes affecting real estate investors for at least the next two years.

 I completely agree with you Senate plays a big role in our economy. 

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Flipping, and Team
  • Posts 503
  • Votes 326

Wale Lawal
Realtor | Buy & Hold Investor from Houston, TX

replied 3 months ago
Originally posted by @Tchaka Owen :

To the level that the vast majority of us operate, you will not see any real change. Biden (just one 'n') has a lot more on his plate than to worry about our segment of real estate. To be fair, I cannot think of any modern President who had a profound difference on real estate investing. So Capital Gains rate goes up a little or down a little or perhaps lending tightens or loosens a bit....so what? Will that make anyone say, "I'm never investing again!"? No. Keep doing what you're doing and don't sweat it.

 Great point my friend. I guess time will tell. Of course, I am not slowing down at all. I have just seen some people that have been using this as a flimsy excuse not to start investing in Real Estate. 

They keep saying AFTER ELECTION I WILL START.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Flipping, and Team
  • Posts 503
  • Votes 326

Wale Lawal
Realtor | Buy & Hold Investor from Houston, TX

replied 3 months ago
Originally posted by @Mike Dymski :

Focus on deal flow and your criteria.  Everything else is noise.

 100% makes sense. 

Consistent deal flow is the KEY, everything else is a LOUD NOISE.

Thanks Buddy.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Single Family and Residential
  • Posts 1.4K
  • Votes 1.7K

Darius Ogloza
Investor from Marin County California

replied 3 months ago

Biden HAS announced that he is going to end the 1031 exchange and the basis step up for inheritances.  Changes to those tax laws will have profound impacts on many real estate investors as it will kill deal flow.  A lot depends on Georgia.  

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Team, Analyze Deals, and Real Estate Finance
  • Posts 68
  • Votes 60

Sarah Kartsher
Accountant from Grove City, OH

replied 3 months ago

The administration's affect on real estate will depend the unemployment rate and businesses shutting their doors due to COVID. I personally don't see much of a price decrease for homes in 2021. It takes a LONG time for homes to decrease in value. Its not a stock. Look at 2008-2015. Housing market started massive foreclosures in 2007 but the housing market didn't hit rock bottom prices unit 2015 in most areas.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 25
  • Votes 25

Mark McClure
Rental Property Investor from Jacksonville, FL

replied 3 months ago

@Guy Gimenez and he will take away the 1031 exchange. Also heard he wants to add a federal sales tax on all home sales. Not sure if its gunna fly tho.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 39
  • Votes 48

Dan Bass
from Kansas City, KS

replied 3 months ago

@Wale Lawal tough to say. As a Trump supporter I will try to keep my response without emotion.

Biden has stated he wants to rid 1031 which directly impacts RE investment.

Biden has said he will listen to scientists and will shut down the economy if they say to do so.

Who knows how he would respond to rent moratoriums and mortgage moratoriums.

Interest rates will stay low per the Fed.

His side of the isles policies would favor the tenant overall so that could be nationwide or per state.

The Senate is our saving grace in hopes it stays red.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Rentals, Flipping, and Team
  • Posts 503
  • Votes 326

Wale Lawal
Realtor | Buy & Hold Investor from Houston, TX

replied 3 months ago

@Dan Bass Great to read your opinion. 

The 1031 Exchange is a big one and I hope he re-think in plan on that one. 

The Senate definitely has a role to play. 

I will just keep my fingers crossed and see how it all plays out in the next few months 

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing, Flipping, and Real Estate Finance
  • Posts 322
  • Votes 353

Erik B.
Rental Property Investor from Amityville, NY

replied 3 months ago

A lot will depend on if Covid just vanishes in weeks after biden takes office. There will be no more need to politicize it anymore and the media will move on to different topics unless they will be pushing for major vaccine revenue and then there is the possibility of the economy getting shut down again.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 55
  • Votes 103

Lina Bibikov
Flipper/Rehabber from Danville KY

replied 3 months ago

@Wale Lawal It will be interesting to watch what happens with the rental market as government tries to prevent evictions. Also Biden says he’s trying to increase affordable housing, so he will have to work with investors in order to do that!

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Tenants, Maintenance, and Finding & Screening Tenants
  • Posts 1.9K
  • Votes 1.8K

Lynnette E.
Rental Property Investor from Tennessee

replied 3 months ago
Originally posted by @Erik B. :

A lot will depend on if Covid just vanishes in weeks after biden takes office. There will be no more need to politicize it anymore and the media will move on to different topics unless they will be pushing for major vaccine revenue and then there is the possibility of the economy getting shut down again.

 I think they messed up the demand for the vaccine when they started saying that even if you had COVID that you can get it again because the immunity does not seem to last.  So if that is true, then why would a vaccine work better?  Plus people just do not trust those pushing vaccines along through the process.  

So if the big pharms want to sell more vaccines than the government already purchased they will have to scare or try to force people to do it.  They have the power to shut down the government again.  Heck, Biden may not even remember it was already shut down.  Well, at least we won't have to hear, "I shut down the government.  It was a big, very big, shut down.  The greatest shutdown ever...."

Rotate Log in or sign up to reply
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8

Related Discussions

  • Buying & Selling Real Estate DiscussionWith the contested election where is the housing crisis headed?Nov 7 2020, 16:34
  • Real Estate News & Current EventsJoe Biden wants to trash the 1031 exchange Jul 21 2020, 11:41
  • MarketplaceEp. #4 | Colorado Springs Podcast | Arvada Airbnb lawNov 12 2020, 10:02

Related Blog Posts & Podcasts

  • BiggerPockets Daily 106: Change Your Thinking—& It Will Change Your Life by David Richter Jan 28 2021, 00:00
Related Resources Buying & Selling Real Estate Discussion
5 Reasons To Wait To Negotiate Until After the Home Inspection
Top 5 Tips for a Smooth and Stress-Free Home Sale
7 Ways to Get Your Offer Accepted in a Hot Market
4 Ways COVID-19 Has Changed Being a Real Estate Agent
How To Walk Through an Investment Property Like a Pro
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Dave Foster
Dave Foster
St. Petersburg, FL
7.53
Score
Bill Brandt
Bill Brandt
Las Vegas, NV
7.12
Score
Carolyn Chupa
Carolyn Chupa
Denver, CO
6.43
Score
Tammy Tivis
Tammy Tivis
Beulah, CO
4.78
Score
Frank Procopio
Frank Procopio
Syracuse, NY
4.73
Score

Buying & Selling Real Estate Discussion Trending Discussions

  • I love my Turnkey Investments. BP is skeptical. Am I just lucky?
    69 Replies
  • 3 Family Cash Cow with tons of equity: Keep it or sell it?
    40 Replies
  • I have questions regarding 1031 Exchange
    13 Replies
  • Off Market Listings - How Do You Do It?
    5 Replies
  • RE investing in upstate SC
    5 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.