Crazy Sh*t In Real Estate With Leigh Brown

Summary: In Episode #2, Leigh invites her dad and real estate inspiration, Darrell Thomas, on the Crazy Shit in Real Estate podcast! Listen as they discuss the formidable floating interest rates of the late 1970s early 1980s, the regulations impeding the industry, and why consumers are no better today than they were 40 years ago. Time Stamped Show Notes:  00:20 – Introduction for episode #2 00:34 – Everybody meet Leigh’s dad, Darrell Thomas! 00:50 – Leigh’s dad’s background 01:12 – He has no enemies and no grudges 01:33 – 1978, one of Darrell’s first real estate transactions 01:50 – Interest rates going through the roof, home loans were practically only accessible through Savings and Loans companies 02:07 – What was a crazy interest rate?—21% with 10 points 02:40 – That’s the ONLY money that was out there 03:20 – Quadplex investment property for a client, couldn’t find someone willing to front the money 03:33 – Enter the wrap around mortgage 04:!0 – This was landline only or face-to-face only business