Fix and Flip Real Estate with Charles Goodwin

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 21 February 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Charles Goodwin is here to talk about how to broaden your investment portfolio with fix and flip real estate. Charles discusses how he transitioned into real estate investing and acquired around 50 single-family homes. He shares insights on the current real estate market, skepticism about lower rates, and predicts a slow grind towards affordability.

Today we discuss...

Charles Goodwin shares his background in finance, tech sales, and real estate lending, now serving as VP of Sales overseeing $6.5 billion in loan origination.
He started investing in real estate after seeing family success and recognizing its potential as a wealth-building tool.
The real estate market remains highly unaffordable, and Charles expects a slow grind with flat prices due to interest rates and supply constraints.
The "lock-in effect" has kept inventory tight, as homeowners hesitate to sell and trade low mortgage rates for higher ones.
Without a major economic event, he expects home sales to recover slowly over a five-year period rather than a quick turnaround.
Mortgage rates remain high, driven by inflation expectations and bond market movements, with no return to 3-4% rates likely.
The bond market's recent divergence from Fed policy shows that long-term rates can rise despite Fed cuts, affecting mortgage affordability.
Fix-and-flip and rehab opportunities vary by region, with stronger markets in the Midwest and Sunbelt states, while Florida and Texas face challenges.
Midwest markets like Cincinnati and Indianapolis offer better affordability, making them attractive for both flipping and rentals.
Private lending has gained traction as banks and credit unions have pulled back, fueling continued investor activity.
Charles remains cautiously optimistic, emphasizing that real estate cycles take time and affordability is the key factor shaping future trends.

For more information, visit the show notes at https://moneytreepodcast.com/fix-and-flip-real-estate-charles-goodwin-688

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Barbara Friedberg | Barbara Friedberg Personal Finance
Phil Weiss | Apprise Wealth Management

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.8	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.9	Hello, Smart Money Tree Podcast listeners.
0:12.7	Welcome to this week's show.
0:13.7	My name's Kirk Chisholm and I'll be your host.
0:15.7	So today I'm joined with Charles Goodwin.
0:17.7	How are you, Charles?
0:18.9	I'm doing very well.
0:20.0	Thank you.
0:20.4	Thanks for having me. Thanks for coming on the show. So tell us a bit
0:23.8	about your background before we begin. So my educational background is in finance and economics. I
0:29.6	started working professionally in tech sales. Kind of quickly realized that I was interested in selling,
0:36.4	but doing it in an industry that I was just more interested, but doing it in industry that I was just
0:38.6	more interested in personally. And that's how I stumbled upon, you know, my current profession,
0:43.7	which I work for a mortgage lender for real estate investors, started kind of bottom of the
0:49.3	totem pole, have worked my way up, been at the company for almost nine years, and now I'm
0:53.4	VP of sales,
0:54.7	where I oversee about $6.5 billion in loan origination, and then I'm also a real estate investor.
1:00.7	So lend to real estate investors and am an investor myself. I've purchased around 50 single-family
1:06.3	homes for investment purposes, a combination of flipping and holding rentals. So it's a bit about me.
1:11.7	What drew you to real estate and lending? I would say the first thing that drew me to real estate
1:15.1	and lending was family interest actually. My brother, just kind of by dumb luck, had been buying
	...

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