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

Interest Rates Are Down & Why It's Important To House Flippers

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

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

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

2.5884 Ratings

🗓️ 14 February 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

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/Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyyWant to partner with Ryan to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in...

Transcript

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0:00.0

Right now, interest rates are down.

0:03.3

So we hit interest rates that were almost at 8 or a little bit above 8,

0:08.6

and right now they're hovering around 7.

0:11.2

I've seen some in the sixes and to me that's a very important as a

0:16.2

house flipper because that means buyers are going to come back. So right now I

0:21.1

have about five flips.

0:24.2

I have, let me see, there's one on SG.

0:27.3

I have two condos.

0:31.6

I have a house on with a pool and then I have another house that I just bought with a mother-in-law suite.

0:38.5

So all the properties that I have right now that have been listed got offers within two weeks of

0:45.1

being listed right I had one that was on the market with high interest rates as

0:50.3

soon as they lowered interest rates, I got offers.

0:52.7

I just listed a fourplex above market value

0:57.5

and got two offers within seven days.

0:59.6

So to me, what that says is here in Las Vegas the market is healthy and what I think normally

1:07.7

happens is we see things slow down in the winter right every year things slow down in the winter, right?

1:13.0

Every year, things slow down in the winter,

1:15.3

they pick back up in the summer,

1:17.1

they peak about August, September,

1:19.4

and then it goes down as far as how many transactions are happening

1:23.7

so for me if that's happening right now where I am getting offers on my

1:28.4

listings it it is making me extremely bullish I'll be honest so right now I'm now I've invested all of my own capital into flips.

...

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