108. Don't Be A Victim of Interest Rate Hikes

Interest rates are up, up, up and you've got two choices. You can sit on the sidelines or you can get in and learn. Believe it or not occupancy, rent, and collections go up during hard economic times. This week's episode is all about how you can navigate the rising interest rates and thrive as an investor. Pro-tip #1: Buy Deeper. This means offering less and buying cheaper. Don't be embarrassed or afraid that you'll insult the seller by asking below list price. Pro-tip #2: If real estate has a superpower it's the ability to raise rent. If you're not raising rent you're not using your superpower. Pro-tip #3: Need to increase cash flow? Buy more houses. Remember the "Law of Large Numbers." The bigger your numbers get the better you can predict what is going to happen. The danger here is if you buy the wrong property it can affect you negatively. So, buy right. Have any questions? Shoot me an email: [email protected] Dean Harris, VP of Sales at CrestCore Realty Douglas Skipworth, Founder & Principal Broker at CrestCore Realty Podcast production and design by Parasaur Studios