4.8 • 692 Ratings
🗓️ 11 October 2022
⏱️ 39 minutes
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0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
0:07.8 | real estate with the industry's biggest movers and shakers. |
0:11.3 | I'm your host, Ken McElroy, joined by my co-host, Danielle. |
0:15.4 | Let's get right into this episode. |
0:18.3 | Hello and welcome to the Ken McIrory show. |
0:20.8 | I'm your host, De, Danielle, here with Ken. |
0:23.2 | So today we're going to look for what you should look at when you're trying to buy during |
0:27.7 | this housing bubble and it could be bursting. |
0:30.3 | So stay tuned. |
0:31.3 | First thing that we look for and we always look for is does the property cash flow? |
0:36.3 | Ken, do you want to explain how people will know if a property |
0:40.3 | cash flows or not? What do you look for? Income minus expenses. But Betty last week wanted to know |
0:47.4 | how to break that down further on the expense side. So obviously the income's easy. It's just |
0:52.5 | whatever the rent is. But the expenses are going to |
0:55.8 | be what? Can you break that down for her and a lot of people listening? Sure. Well, first of all, |
1:00.2 | for a housing bubble, I think what most people are concerned about in a housing bubble is equity. |
1:06.8 | If you think about it, like, you know, we're in a housing bubble what does that mean for prices and so |
1:14.9 | i think a lot of people if you're focused on equity um you know uh it's going to be okay as long as you |
1:22.5 | have cash flow and i think that's what we're trying to say if you have have cash flow, you don't have to worry about the equity. |
1:30.3 | So right now, obviously, we have a lot of equity. |
1:33.3 | A lot of people have a lot of equity and a lot of the stuff they own. |
1:36.3 | And that could go down. |
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