Aug 25, 2022
Mortgage rates are up to 6%, which has doubled the cost of owning a home if you’re not buying with cash. How does this affect the opportunities that are out there? Chris Prefontaine, known in the industry as The Smart Real Estate Coach, sits down and chats with me about the most profitable strategies in real estate currently, and how you can generate cash flow/wealth in ANY market. It’s important to know which groups to target during certain periods in the market (i.e. for sale by owner) and this allows you to make money no matter what economic circumstances we’re facing. Tune in for more insight.
-Are interest rates positive, negative, or meaningless?
-Chris says that this is the best thing that has happened in a long time; the demand for the creative real estate space is huge. What people could once afford in terms of housing is no longer affordable. People can’t buy/sell the way that they used to
-When you can help buyers and sellers, you can create wealth
-You need to know where to fish—what sellers to speak with, and how to use crashes to create profitable strategies
-One group to “fish” in entails for sale by owner
-It’s important to be cautious about how you respond to the media. You need to be able to structure deals in ANY market—this is what creates cash flow/wealth
-You don’t need cash to buy property
-There is not one massive market, but many pockets of the market