A different perspective on interest rates
Real estate mogul Sam Zell gives his perspective on interest rates in this video. He proposes that current interest rates below 4% may be too low for our own good. That low interest rates don’t cause enough burden to change behavior, which creates market stagnation. He theorizes that a borrower’s discipline increases along with the cost of money. Real estate investors know a thing or two about paying interest. If it helps us to make a profit, we are happy to pay it. Who doesn’t prefer a lower interest rate? If you can get it, take it! However, never let an interest rate stop you from doing a deal.
BRRRR, and not because its getting colder
The BRRRR method hasn’t been talked about much in Colorado over the last several years, but that could change if prices start to “normalize.” What is the BRRRR method? It stands for Buy, Rehab, Rent, Refi and Repeat. This article explains the method in more detail. BRRRR a great strategy for accumulating rental properties with little-to-no money out of pocket. For house flippers, it’s a great exit strategy for houses that don’t sell. A “normal” market may feel like the end of a heyday, but in reality, it opens up new opportunities. If you want to increase your odds of success, check out the Invest Success Mentorship Program and keep moving forward!
QUOTE OF THE WEEK
“One good thing about music, when it hits you, you feel no pain.“
See you soon,