People who bought in 2019 and 2020 are now in foreclosure with almost no equity, and many walk away with $5,000 to $20,000 at most. Ben Allgeyer explains the difference between a foreclosure and a short sale, including one he's negotiating with a $230,000 payoff on a house worth about $130,000. He says one lender's fees added about $60,000 in a year and a half on a $180,000 house. Jerremy Alexander Newsome and Dave Conley ask what stops a $200,000 starter home in Kansas City, and he points to land costs and county rules that counties have no reason to fix. His advice if you're facing foreclosure: stop hiding and ask for help while you still have options.

Timestamps:

• (00:00) Little equity left – Why today's foreclosure sellers walk away with almost nothing
• (01:48) Foreclosure vs. short sale – A $230,000 payoff on a $130,000 house
• (03:19) The $200,000 starter home – What stops builders in Kansas City
• (06:42) Missouri's new wholesaling law – A 14-day wait before any offer
• (08:03) $60,000 in fees – Eighteen months of lender penalties on one house
• (09:00) Facing foreclosure Monday? – Pull your head out of the sand
• (13:49) Where affordable housing went – County rules stalled his building plans
• (15:39) "They don't care" – Why counties don't push affordable housing

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• Ben Allgeyer – Website | Instagram | YouTube

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A real estate investor lost a million dollars in about 18 months, starting with a partner he brought on way too early. Ben Allgeyer tells Jerremy Alexander Newsome and Dave Conley why a 28-year-old with a good job and savings still won't buy: fear, fed by a season of political ads during football games. If you don't have a pile of cash beyond the down payment, he says, keep renting. He says the fix starts with people learning to keep cash instead of spending their first big check on a car. He also explains where his deals come from now and why he's turning shipping containers into self-storage in a town of 600.

Timestamps:

• (00:00) The 40-year-old first buyer – Prices ran away from paychecks, and foreclosures are back
• (01:12) A million gone in 18 months – A partner buyout, a lawsuit and lost value
• (03:24) Frozen by football ads – Why a 28-year-old with savings keeps waiting
• (04:53) Rent until you're cash-heavy – A $4,000 septic line shows why
• (08:13) The fix starts with cash – Stop buying a car with your first check
• (12:40) Where the deals come from – A pay-per-lead partner and a profit split
• (18:29) Shipping container storage – Up to 160 units on two acres

Connect:

• Ben Allgeyer – Website | Instagram | YouTube

🌍 Connect with us: Instagram | YouTube | X | Web