How Would You Love Investment Real Estate to Make Your Financial World ?
How Would You Love Investment Real Estate to Make Your Financial World?
How Would You Love Investment Real Estate to Make Your Financial World? What are the chances of purchasing investment real estate in today’s economic environment???
Last week I was interviewed on one of North America’s Top Investment Real Estate Podcasts, Property Profits, hosted by Dave Dubeau. In episode 324, click on the link to listen to the conversation regarding purchasing investment real estate in today’s market. https://www.propertyprofitspodcast.com/wrickharris/
Dave is a skilled podcast interviewer and helps his clients find financial funding for investment real estate.
I love that Dave looked after his listeners. For example, Dave pushed me to discuss a strategy to add investment real estate to one’s financial portfolio in today’s real estate marketplace.
My goal in this blog post is not to detail my shared thoughts in this podcast episode but to give you some general ideas on the investment real estate market and the impact of rising interest rates.
Higher Interest Rates, Sign of Healthy Economy – Not This Time
Countries’ governments have no idea how to stem inflation; in other words, their only solution is to raise interest rates like drunken sailors.
The idea behind raising interest rates is to get inflation under control; however, look at what is happening to the average person and the jobs market.
By raising interest rates, the governments will kill economies and jobs that were just on the rise. Similarly, we need balance to handle the economic situation. But, when has a government ever used a balanced approach?
Read more on the motivation of most politicians; not good. Politicians; How They Continue Exploiting Two Things
Other Impacts on Housing Market Average Consumer
Recently BNNBloomberg ran a story that shows 1-in-4 homeowners would have to sell their homes if interest rises.
The move on to higher interest rates is coming. The higher interest rates will create a sad day for many people; why? So many people dream of home ownership, and to have as many as 1-in-4 homeowners have to sell their dream.
Double Whammy Coming to the Housing Market – No Good News
For instance, what do you think will affect prices if the housing market floods with inventory?
The housing prices will drop, and people selling their homes to get a better financial position will create a worse economic situation for them and their families. Giving up part of your net worth to put food on the table is a noble reason. However, it can have long-term implications for any legacy for your family in the future. I know because I liquidated my registered savings early in my working life to feed my family. Things did improve, but I had already made this dramatic change.
Getting Back in Much Harder
A higher interest rate environment will mean fewer people can qualify for a mortgage and fewer buyers.
The double whammy; is an over-inventoried real estate marketplace with few buyers.
Good News
How Would You Love Investment Real Estate to Make Your Financial World?
Time to Buy Investment Real Estate
Dave Dubeau pushed me hard to give the average investor the answer to getting into the investment real estate market. In addition, I felt good about the advice to his listeners.
Look for the Signs
Suppose you are considering timing (when to buy). There is no perfect time to buy, timing is an opportunity, but we never know the length of the opportunity.
Remember, the BNNBloomberg story on 1-in-4 homeowners selling is a story of intent. It will not take a lot of observation skills to know when the real estate market has too much inventory, and you will see the prices drop.
How Would You Love Investment Real Estate Make Your Financial World?
In my podcast with Dave Dubeau, I reference my book, 31 Days to Purchasing and Renting Your First Investment Real Estate Property, and how it has made a difference in people’s lives.
A recent reviewer wrote, “I never expected that the book would lead me on my own investment real estate journey. But with the rich knowledge and expert guidance Rick provides, I realized homeownership was within my reach.”
The Result
The reviewer purchased a bungalow with an income suite in the basement.
For less than a couple of lattes at your favorite coffee shop, you can purchase my book and start to love investment real estate in your financial world.
Learn more on how to get started, https://www.vaulttoinvestmentrealestatesuccess.com/w-rick-harris-author-page
I wish you much success in building a stronger financial future for your world, and thank you for reading my thoughts.
About the author, W. Rick
Dynamic entrepreneur and sales management strategist; with over 20 years of experience in his field. Rick has achieved multimillion-dollar sales growth while providing award-winning sales leadership and coaching in highly competitive markets.
An active real estate investor since 2002, Rick has developed his purchasing strategies and processes specializing in vacation and recreational properties, single-family homes and condo rentals.
In 2005, Rick re-financed his first rental property to fund the purchase of more positive cash flowing rental properties.
Rick sits on the Board of Directors for several condominium associations and is an active President and Treasurer. Sitting on these boards has given him a wealth of experience and insight into working with property management companies.
Rick has partnered with several joint venture associates and is committed to creating a positive investing experience for his associates by finding the properties, developing the investment, securing the financing and executing a proven positive cash flow system.
Why should you choose Rick as your Online Vault to Investment Real Estate Success Advisor?
An outstanding mentor and coach, Rick will work with you to build your investment real estate business starting from the foundation. From guiding you through the market research and critical drivers, building your team of trades, realtors, and lenders to attracting the investment real estate properties right for your portfolio and the joint venture partners to help you grow.
Through direction and training, Rick will help you develop your investment real estate goals and be a catalyst for you to purchase your first investment real estate property so you can build a strong financial foundation unlocking sustainable wealth and a living legacy for you and many generations to come.
Thank you for taking the only asset that gives us so much through life, but we can never get back our time.
Please join Rick on living his mantra:
” Prosperity for all aspects of your life forever.” W. Rick Harris