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 (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) 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!
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https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Other Investors on The BiggerPockets Forums:
https://www.biggerpockets.com/forums?utm_source=owned_media
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Books Mentioned in Today’s Episode:
Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media
Buy, Rehab, Rent, Refinance, Repeat: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media
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The Richest Man in Babylon (BiggerPockets Edition):
https://store.biggerpockets.com/products/richest-man-in-babylon-biggerpockets-edition?utm_source=youtube&utm_medium=description&utm_campaign=none
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@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/
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Connect with David on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Episode #672
Show notes at: https://www.biggerpockets.com/blog/real-estate-672?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
02:41 Quick Tip
03:53 Keep, Sell, or Refinance?
08:38 Private Money and Partnerships
12:42 Buying with High Interest Rates
21:14 Questions from The Comment Section
23:45 Can You Gift a Down Payment?
28:17 Are DSCR Loans Worth It?
31:16 Advice for New House Flippers
39:16 How to Set Bigger Goals
50:17 Ask David Your Question!