Who Owns America's 35 Million Paid-Off Homes?

About 35 million owner-occupied homes in America have no mortgage at all. That's about 4 in every 10, according to the latest Census numbers, and more than half of them belong to owners 65 and older. In this video: who owns America's paid-off homes, why mortgage rates at 7.4% make them matter more, what a paid-off owner can do that an owner with a bank loan usually can't (carry the note), and how a small investor can find these owners and make an offer on terms. Join us in the owner's circle inside our REI Automated community on Skool. Our software can find, analyze and score a deal in minutes and create an offer you can submit today: https://www.skool.com/rei-automated/a... CHAPTERS 0:00 35 million homes with no mortgage 0:36 The number: 35 million paid-off homes 1:37 The rate backdrop 2:17 Who owns them 3:40 Carrying the note 4:59 What to do 6:35 Find and analyze deals faster SOURCES Paid-off homes (count and share); Owner-occupied only; Owners 65+ share of paid-off homes; Owners 75+ who own outright; Owners 65 to 74 who own outright; All owners 65+ who own outright: https://data.census.gov/table/ACSDT1Y... Paid-off homes (count and share); 2010 comparison: https://www.realtor.com/research/mort... Increase from 2023: https://www.census.gov/newsroom/press... Monthly costs: https://www.census.gov/library/storie... Next Census release: https://www.census.gov/newsroom/press... Mortgage rate: https://fred.stlouisfed.org/series/MO... Mortgage rate: https://freddiemac.gcs-web.com/news-r... Due-on-sale clause: https://www.law.cornell.edu/uscode/te... Payment examples are hypothetical, our calculation: $200,000 price, 10% down, $180,000 loan, 30-year, principal and interest only, at 7.4% (bank) vs 5% (seller carries the note) This isn't financial, legal or tax advice. Seller financing rules vary by state; talk to a real estate attorney and a tax professional about your own situation. Music: "Inspired" and "Movement Proposition" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 4.0, http://creativecommons.org/licenses/b... Video clips via Pixabay (Pixabay Content License; trimmed, slowed, tinted, text added): u_v1u4bvzae7 (id 172861), Hassas_Arts (id 50627), Dimitri_K (id 166285), AVISOtaON (id 274239), Jojocito (id 274303), Openly (id 375207), krzys16 (id 2927), TimePROTV (id 263588), BilawalOnwa (id 120177), NickyPe (id 127943), SurveillancePigeon (id 136838), Hassas_Arts (id 50630), ghasoub (id 152798), 3593622 (id 6096), ChristianBodhi (id 20454), wastedgeneration (id 14476), Roque_dg (id 198888), Hassas_Arts (id 50621), Hassas_Arts (id 50623), Coverr-Free-Footage (id 10822), Eaktas06 (id 172681), asiseaproducciones (id 64742), Pexels (id 3576), NickyPe (id 93550), romyrwood (id 125430), Coverr-Free-Footage (id 1027), VariousPhotography (id 1906), CanopyFalls (id 245388), AleksAndrC (id 6019), DanielKapelrud (id 264175), crew_jak (id 47743) Software screenshots: REI Automated. Images: the still images in this video are AI-generated illustrations (no real people or properties are shown). Charts and graphics by Own The Asset. #RealEstateInvesting #SellerFinancing #SilverTsunami #Housing #OwnTheAsset