592: BiggerNews April: How to Counter the Biggest Risk of 2022's Real Estate Cycle w/Doug Lodmell

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 5 April 2022

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

The way the housing market moves largely depends on the real estate cycle we’re currently in. We all saw this during the 2007 subprime mortgage crisis as overleveraged homeowners saw their properties foreclosed on and later sold to investors who had cash on hand. We’re currently experiencing dramatic demand coupled with low inventory, so are we at the end of the housing market cycle, ready for a recession to knock down this house of cards? Whether we are or aren’t close to a housing bubble bursting, smart real estate investors are protecting their wealth regardless of what is to come. This is where today’s guest, Doug Lodmell, has gleaming insight. Doug and his team have worked for decades to protect the wealth of real estate investors. This is commonly known as asset protection but can be thought of as simple risk mitigation for the new real estate investor. Doug has been through expansion, crashes, corrections, recoveries, and everything in between and has seen what a poor asset protection strategy can do to an investor's portfolio. He drops some knowledge on today’s show around how real estate investors in 2022 can protect themselves from going through a repeat of 2008. His simple, yet undeniably valuable advice could save you not only money but years worth of work you’ve put into real estate investing. In This Episode We Cover: Quick takes on today’s biggest stories surrounding the housing market The tools asset protection lawyers use to protect and disguise their clients’ wealth Whether or not new real estate investors need LLCs when buying properties The biggest mistakes real estate investors make that cost them their wealth Leveraging debt to build your portfolio vs. cash hoarding for post-crash opportunities BiggerPockets’ newest podcast show featuring our own Dave Meyer! And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel On the Market Podcast Walmart Bloomberg News David's Instagram Dave's Instagram Connect with Doug: Doug's LinkedIn Profile Doug's Company Website Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-592 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pog's podcast show, 592.
0:04.1	If you're going to continue to keep high leverage because you want to lock in rates,
0:09.6	that's totally fine.
0:10.6	Just offset with more cash, which means you might have to pass on the next deal.
0:15.0	You know, don't do it.
0:16.6	Hold it.
0:17.6	Reserve it.
0:18.6	And it's hard for real estate people to do this.
0:20.3	I swear, I know them really well.
0:22.7	They just, oh no, no, I mean, it's in the bank.
0:25.4	It's not earning anything.
0:26.5	I just can't do it.
0:28.4	But sometimes you have to make that choice.
0:33.4	What's going on, everyone?
0:40.4	It's David Green, your host of the Bigger Pog's Real Estate Podcast, the best-dang Real
0:45.3	Estate Podcasts in the world.
0:47.6	If you are looking to find financial freedom through Real Estate, you, my friend, are in
0:51.8	the right place.
0:52.8	Bigger Pog is a community of over two million members that are all on the same journey as
0:57.2	you.
0:58.2	You're going to find financial freedom and a better life through the Power of Real Estate.
1:02.2	And we want to help you to do that.
	...

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