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Wholesale Hotline | Brent Daniels

The Federal Reserve Is Lowering Interest Rates -- What It Means For Wholesaling | Subto Show

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Business, Investing

4.9 β€’ 586 Ratings

πŸ—“οΈ 23 August 2024

⏱️ 54 minutes

🧾️ Download transcript

Summary

In today's Wholesale Hotline (Subto Edition) Pace Morby is back with a different kind of episode -- he's here to talk about the RISKS with subto.

Show notes -- in this episode we'll cover:

  • Pace is THE subto guy -- but are there risks?
  • Pace breaks down the risks with subto and what to watch out for.
  • How to prepare for these risks and mitigate for them.

Β 

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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about

0:04.0

wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing

0:08.2

way for you to get started in real estate, but you can also build cash flow and build a portfolio

0:13.5

in the process. Today's episode, you will walk away with tremendous notes. And I want you to remember

0:19.2

we do a live episode every Monday night

0:22.5

over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet

0:28.4

other audience members and do deals in the live chat. Remember to subscribe, give us a little bit

0:34.5

of love, and make some comments in the show notes down below so we know what

0:37.6

to talk about in the future enjoy today's episode the fed is going to lower rates we just found out

0:45.5

about this today i want to go through this with you guys as a response to somebody who just sent me a

0:50.9

dm and said pace the Fed just announced big news.

0:55.1

Big things are going to be happening.

0:56.3

They're going to be lowering rates.

1:14.2

You're the real estate guy that gets all these low interest rates. What are you going to do different? How can I make money, et cetera? And I said, you know, I'm going to go live on YouTube and we're going to talk about this. So check this out. Jerome Powell just said that they're going to keep interest rate steady, but there is a

1:12.8

100% likelihood that in September, which is in about six weeks, they're going to lower

1:21.0

the interest rate a quarter of a point. Now, what's interesting about lowering the rates a quarter

1:25.9

of a point is people believe that that sounds great in theory and they think that, oh my gosh, the economy is going to blow up and everything's going to be great.

1:33.6

Guys, let's talk about what that actually does.

1:36.1

What does a quarter of a point actually do when you're a homeowner and you are looking to get a home?

1:43.5

Let's go through this. I want to show you guys something

1:45.6

kind of cool. It's very simple stuff. You just want to make sure that you do your own homework.

1:50.8

Check this out. So the average purchase price in the United States right now, you guys can

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