make one really good deal a year. That's John Shob, who's been investing in real estate for over

50 years and also wrote the classic book, Building Wealth, one house at a time. John also thrived

in the early 1980s when interest rates were over 14%. Couldn't go down and borrow money at the bank

at 14% if you paid a retail price. In this episode, you'll learn how to buy profitable rentals in today's market.

I have never gone to the bank, ever, ever, ever, never once have I gone to the bank and borrow

money to buy house.

Why motivated sellers make the best deals.

I look for people who have, for some reason, they need to sell right away. And I go in and solve that problem.

How to bring partners in when you don't have enough money?

You don't need to own the whole house.

If you could just buy 1% or 10% of interest with another investor, you make some money

because of that.

And the one thing even more important than the house itself.

The house are more important to me than the house.

And now we're going to dig into all of that and more.

As we talk today into 2023, early 2024,

mortgage rates are hovering around 8%, especially for investors,

maybe a little bit more. And a lot of people I talk to who've only been in the business,

either they're brand new or they've been in the business for a few years or kind of get,

or freaking out a little bit because interest rates are so, so high. My question for you is,

you started investing in the early mid-70s.

Early 70s. You've been through some ups and downs, interest rates. Does anything you're

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