How to Get Rich During a Recession in 2022 | 4 Way to Combat High Interest Rates 😱
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The video discusses strategies for investing in rental properties despite the increase in interest rates. The speaker admits to being wrong about interest rates, but believes that the increase is a testament to the strength of the market. Despite the increase, the speaker is still making money by investing in cash-flowing rental properties. The first strategy is to follow the rental rate market, as rental rates have gone up even more than interest rates. The second strategy is to shop around to different small local banks to get the best interest rates possible. The third strategy is to buy the property deeper, as the competition has gone away a lot over the past six to 12 months, allowing for better deals on properties. The fourth strategy is to have a good team in place, including people who can bring deals and offer competitive numbers.
The speaker emphasizes the importance of having the right mindset when investing in rental properties, focusing on cash flow rather than the number of deals. They also remind investors that real estate is a solid investment that always goes up in value over time, even if there are short-term dips. The speaker encourages investors to take advantage of the current market conditions and buy properties at a discount, with the understanding that they will increase in value over time. Finally, the speaker encourages investors to follow their channel and other platforms to learn more about investing in real estate.
The video discusses strategies for investing in rental properties despite the increase in interest r