The US dollar could be ousted as the world’s reserve currency as more and more countries move away from using a dollar-backed standard for trade. This could lead to an economic domino effect causing more inflation and a difficult domestic economy. But what will this do to the housing market? How will investors be affected, and will this global move put downward pressure on the US economy?
Welcome back to another Seeing Greene where your “this is just my opinion” host, David Greene, shares his take on economics, lending, investing, and where to find cash flow in 2023. This time around, David touches on topics like flipping vs. BRRRRing and which makes more sense with high mortgage rates, why using a HELOC to invest in real estate could be risky, what to do when your rental won’t cash flow, and how to turn a troublesome rental into a fully-occupied cash cow.
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In This Episode We Cover:
Why the US dollar is in danger and what it means for real estate investing
BRRRRing vs. flipping and what to do when high interest rates are eating your cash flow
Using a HELOC to fund your down payment and the danger of doing so in 2023
How to get pre-approved for a mortgage as a self-employed individual
What to do when your rental property is losing money, and where to invest IF you sell it
Real estate side hustles and how to learn while earning some extra income
How to increase occupancy when your rental property isn’t getting tenants
And So Much More!
Links from the Show
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BiggerPockets Youtube Channel
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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David’s YouTube Channel
Work with David
Seeing Greene 750
Jessie Dillon on The “Real Estate Rookie” Podcast
Joe Asamoah’s Section 8 Rentals
Proof That David Greene Has Legs!
Books Mentioned in the Show:
BRRRR by David Greene
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-762
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