Buy real estate or face your dollar’s demise. While this may sound like doomsday prophesying or over-bullish investor attitudes towards properties, the fact is that most investors today won’t make it. With inflation raging ahead, home prices double-digit percentages higher than they were a few years ago, and food and energy costs spiking, your cash isn’t safe. The value of your money is burning, and your bank account won’t be able to extinguish the flames. But there is still hope to build wealth.
Welcome back to a macroeconomic Seeing Greene episode where David tells you what he really thinks about today’s inflationary economy. If you want to grow your wealth while prices pop off, this is the episode to tune into. But it’s not just CPI rate rants this time; David will also advise on what to do when down payment requirements more than double at the last second, why Midwest “cash flow” markets aren’t what they seem, building vs. buying an ADU (accessory dwelling unit), and when to sell a rental or flip that is bleeding money every month.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
David:
This is the BiggerPockets Podcast show 774. When we look at money as a store of energy, it really opens up a framework to understand this better. You’re looking at one way the property is making revenue or losing money, which is cash flow. That’s a form of energy because the house puts off this energy in the form of cash, which you put in a savings account, that’s energy that you’re saving. Well, the house is losing energy and that it’s bleeding equity every single year.
What’s going on everyone? This is David Greene, host of the BiggerPockets Real Estate Podcast here today with a…