762: The US Dollar’s Downfall, Flipping vs. BRRRING, and Where to Find Cash Flow

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 7 May 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

The US dollar could be ousted as the world’s reserve currency as more and more countries move away from using a dollar-backed standard for trade. This could lead to an economic domino effect causing more inflation and a difficult domestic economy. But what will this do to the housing market? How will investors be affected, and will this global move put downward pressure on the US economy? Welcome back to another Seeing Greene where your “this is just my opinion” host, David Greene, shares his take on economics, lending, investing, and where to find cash flow in 2023. This time around, David touches on topics like flipping vs. BRRRRing and which makes more sense with high mortgage rates, why using a HELOC to invest in real estate could be risky, what to do when your rental won’t cash flow, and how to turn a troublesome rental into a fully-occupied cash cow. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Why the US dollar is in danger and what it means for real estate investing BRRRRing vs. flipping and what to do when high interest rates are eating your cash flow Using a HELOC to fund your down payment and the danger of doing so in 2023 How to get pre-approved for a mortgage as a self-employed individual What to do when your rental property is losing money, and where to invest IF you sell it Real estate side hustles and how to learn while earning some extra income How to increase occupancy when your rental property isn’t getting tenants And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 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 David’s YouTube Channel Work with David BiggerPockets Lenders BiggerPockets Webinars Seeing Greene 750 Jessie Dillon on The “Real Estate Rookie” Podcast Joe Asamoah’s Section 8 Rentals Proof That David Greene Has Legs! Books Mentioned in the Show: BRRRR by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-762 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger Pockets Podcast episode, 760, 2.
0:05.0	I don't know that I'd say it's apparent that the dollar will no longer be the world's
0:09.0	reserve currency, but it is moving in that direction and I've been talking about this
0:13.2	for years.
0:14.2	So we've known that inflation is going to be a problem since before COVID, especially
0:17.5	during COVID.
0:18.5	We've known that we've printed so much of our money and America's position within the
0:24.8	global market has weakened to the point that other countries don't feel like they have
0:29.8	to keep the dollar as the reserve currency.
0:32.0	If the world stops using the dollar as the reserve currency, there is a very high chance
0:39.4	that money that is in other countries is going to flood back into our country.
0:43.9	That's going on everyone.
0:44.9	It is David Green, your host of the bigger Pockets Real Estate Podcast here today with
0:49.0	a seeing green episode where I do my best to bring the heat, to teach you more about
0:54.2	real estate, to answer your questions, and to expand your knowledge base when it comes
0:57.8	to real estate investing.
0:58.8	And I think we hit it out of the park today.
1:01.8	Today's show is fantastic.
1:03.7	We talk about what to do when your STR or short term rental is no longer cash-liling and
1:08.4	it's time to move on to a new deal.
1:10.4	We get into when you should use the Burr method specifically when you're using HELOC money,
1:15.2	as well as some other issues regarding HELOC money and the best use for it.
	...

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