670: BiggerNews October: Should You Sell Before the Fed “Creates” a Crash?

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 4 October 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take a step back, invest less, and hold their financial positions steady. But, are we approaching a 2009/2010-type scenario where home prices dramatically drop, and deals are easier to find than ever before? On this month’s BiggerNews, we bring in Kathy Fettke, nationwide real estate investing expert and On the Market expert guest, to give her take on upcoming opportunities. In a recession or correction, smart investors deploy their “defensive investing” techniques, allowing them to pick up steals, not just deals, and fold properties into their portfolio that can help float them during times of trouble. Even as an intense investor, Kathy adopts the “aggressively defensive” tactic, the same one Rich Dad Poor Dad author Robert Kiyosaki told her about back in 2008. Simply put, industry experts like Kathy aren’t thinking of selling—they’re focused on buying! To wrap up, Dave, David, and Kathy give some practical tips on time management, and how to keep buying as you get busy. With only twenty-four hours in a day, these big-time investors still find ways to run business, record podcasts, and buy new deals, but only thanks to a system they’ve designed. Before you know it, you might be in too tight of a timeline to actively invest, so start implementing these tips now! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Subscribe to the “On The Market” YouTube Channel BiggerPockets Podcast 502 The Fed Basically Admitted It. They Want a Housing Correction Real Wealth Grow Developments Books Mentioned in the Show: Real Estate by the Numbers by Dave Meyer Rich Dad Poor Dad by Robert Kiyosaki Connect with Kathy: Kathy's BiggerPockets Profile Kathy's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-670 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pocket Spotcast Show 670.
0:04.5	This is a wonderful time to get in.
0:06.5	You might even find that the metrics you're searching for are the same because if interest rates
0:13.6	are up, the prices are down, the cash flow might be the same as if prices were high and interest rates
0:18.4	low. The difference is you're getting the asset for less. So over time, if you're able to
0:23.9	refy at some point, whenever that day comes, when it makes sense to refy, your cash flow increases
0:29.4	even more. Let's go on everyone. I am David Green, your host of the Bigger Pocket St.
0:32.9	Podcast. Here's the day with a special episode for you. We're doing bigger news with my co-host
0:37.9	Dave Meyer. Dave, what's going on? Not much, man. It's great to be back. You still have me laughing
0:42.8	from before the recording. I'm still trying to get my act together. We have a lot of fun here,
0:47.7	and that will translate into the show. But in addition to fun, you're going to get a lot of
0:51.1	amazing information. So in the Bigger News episodes, we have created these to bring you what's
0:55.7	going on in the current state of the market. What's happening with interest rates? What's going on
0:59.6	with the Fed? What's happening with the country as a whole? Which markets are exploding? Which ones
1:03.2	are shrinking? The information you need to make the best decisions possible for yourself
1:08.0	all backed by data, which is why we've got Dave Meyer here because he's the data guy.
1:12.7	In today's show, we have a special guest. We have Kathy Fettke of Real Wealth Network
1:17.5	returning. She was our first ever guest on the Bigger News podcast. And she comes in to talk about
1:23.3	a term that I think is fantastic that my co-host Dave Meyer here came up with defensive investing.
1:28.6	So in our show, we're going to talk about how to invest in a defensive way, which I recommend
1:33.8	doing when the market starts to turn like it is now. And just a quick word from today's show sponsors.
1:40.8	Real Estate Investing is one of the best ways to build long-term wealth.
	...

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