So, I started to watch this YouTube video or podcast the other day, but I can’t find it now. I think it was from Bigger Pockets, I guess.
The title was something like “Can you make money in real estate investing in this market?” Something like that.
I started listening to the podcast, but I don’t think I got through more than two minutes because I got busy, and like I said, now I can’t even find it. They might have changed the title or something for SEO purposes. I don’t know. But I remember looking in the comment section, and it seemed like the overall message was that, yes, you can still be successful in real estate investing in this market. But the thing is, you have to be more creative now. You have to find creative financing. That was probably one of the key points – finding creative financing.
You might have to do more legwork in finding these deals, or affordable prices. Housing prices are through the roof these days, and mortgage interest rates are high. There’s a lot more competition from individual investors, and there’s also competition from large corporations buying up single-family homes as well. So, there’s a lot going against you.
My general idea is that we’ll probably have to team up with other people to make it work somehow. If you can work with one other person or an Investment Club; you’ll be able to find different deals. We have to be able to pool our money together so we can actually finance these high-priced properties.
Yeah, the game has changed now, so we have to adapt. Conditions may improve, but they won’t overnight so we have to survive the times we’re in now. That’s just my take.
Featured Image: Housing by Nick Youngson CC BY-SA 3.0 Pix4free
