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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

How To Invest In Real Estate When Interest Rates Are Above 8%

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Wholesaling Real Estate, Rental Property, Real Estate Investing, Investing, Business, Real Estate, Flipping Houses

2.5884 Ratings

🗓️ 24 December 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

What should you next investing moves be when interest rates are so high?!We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt--Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9Looking to grow in you...

Transcript

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0:00.0

In 2021, right, we were crushing it.

0:02.6

We were just like, oh yeah, this is awesome.

0:04.7

It was so easy.

0:05.7

Come on Joe, bring it back.

0:07.0

Yeah.

0:08.0

But yeah, so 2021, we were crushing it.

0:10.4

And then obviously, 2022, they lowered interest rates and in California at the time it got pretty bad in some markets like there was like a 30% drop in and values because there were some markets that were like bubbles like

0:25.5

Joshua Tree. I don't know if you heard about Joshua Tree. But there was a bunch of

0:29.0

markets like that where they were like really inflated and then they just stopped and then started to go down in

0:35.8

value right so I remember like when I first got into real estate in 2015 all the realtors used to tell me about the good old days before

0:46.7

you know the market crash and how they were making all this money and it was great and

0:51.2

I remember when I heard that I was like I can't wait till it's like my turn right so

0:56.0

20-20-21 happened I was like okay this is my turn this is where I make a lot of money

1:01.3

so I played it right and then when they rose interest rates I stopped buying and I

1:10.3

immediately started to try to sell everything because I would have like 15

1:14.3

20 flips out of time and you know like you can't just dump flips that quick so I

1:20.3

start trying to sell I start wholesaling what I could and I got rid of everything but I still got caught

1:27.9

with like a handful of them and I probably lost like more than a quarter of a

1:32.2

million dollars.

1:33.1

But, you know, in the span of the two years,

1:35.9

I made millions of dollars, so it was fine, right?

1:39.0

But I remember in 2021, right, when they, no, 22 when they raise interest rates, I had some friends

...

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