921: Q&A: How Can I Find a Reputable Property Manager? - Episode 921
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 15 February 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
On this episode of Investing in Real Estate, we're going to talk about the demand for properties in 2023, and the future of bidding wars! Then, I'll answer your questions about property management companies, investing in your 50's, and doing a fix & flip deal. Tune in to hear my answers to your questions!
Transcript
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| 0:00.0 | Well, guys, here we go. Real estate bidding wars are back. The housing market is on fire. Yes, in |
| 0:12.3 | 2023 into 2024 all the talk is about inflation |
| 0:16.2 | and recession and food shortages and what the world is going on with the |
| 0:19.6 | price of eggs. But real estate, guys. |
| 0:22.6 | Real estate, yes. |
| 0:23.8 | So this headline, this past week, of course, |
| 0:26.0 | outside of New York City and some of the suburbs, |
| 0:28.1 | it doesn't matter that it's New York City, |
| 0:29.4 | because you're starting to see similarities |
| 0:31.2 | in other states across the country real estate bidding wars. |
| 0:34.6 | People paying more for properties because why the demand is off the charts guys and |
| 0:41.0 | as interest rates start to drop even just a little bit a lot of that |
| 0:46.0 | pent-up first-time homebuyer joo joo is going to explode okay we've had a lot of |
| 0:52.1 | millennials that have been waiting to buy homes, but because the interest rates were just a little bit higher than they could afford for a monthly payment, those drop just a little bit. |
| 1:00.3 | They are about to pounce. |
| 1:02.0 | So bidding wars are coming back. |
| 1:04.1 | That means that the housing market is going to go through |
| 1:06.5 | another cycle of really hot prices |
| 1:10.2 | over the coming year to two years. And we'll see what happens as we head into the election season. |
| 1:15.2 | I've been, excuse me, three, two, one. |
| 1:19.5 | I have been predicting that of course the government is going to print more money, |
| 1:22.6 | the Federal Reserve is going to pull back on some of the interest rate hikes, |
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