Rising interest rates are being met with some negativity from investors. Deals don’t make sense anymore, cash flow is becoming almost extinct, and those who could qualify just a year ago are barely making the cut. How could mortgage rates almost doubling over the past year make buying real estate possible, let alone profitable in 2022? David Greene, veteran real estate investor, says that now is the time to buy!
Welcome back to another Episode of Seeing Greene, where David hits on some time-sensitive questions surrounding the world of real estate. We touch on private money lending, the housing market and interest rate updates, how to “gift” a down payment, real estate partnerships, goal setting, and who should stay away from house flipping. If you’re just starting your journey in real estate investing, this is the episode to listen to!
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 672. If you chase cash flow, it takes a long time to build financial independence. You typically get a couple of hundred bucks per unit for every good deal that you buy. If we all live to be 900 years old, I think that would be a great reliable and steadfast strategy, but we don’t. You also have less control over building cash flow. You can’t automatically force cash flow in a property unless you convert it from a long-term into a short-term rental, you raise rents that were kept artificially low by the landlord before you. There’s a handful of situations where you can create more cash flow for your properties, but it’s not a lot. What’s going on everyone? This is David Greene here in Scottsdale, Arizona with the desert behind me, bringing you a show…