It’s ALL collapsing and they don’t know how to stop it
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Today’s first caller asked about investing during times of high inflation. As the dollar loses its value, is it wise to continue buying rental properties? Or would it be better to wait out the current economic cycle? That’s the first question I’m answering on today’s show!
On this Q&A edition of Investing in Real Estate, I’m taking three of your great questions about investing in times of inflation, paying back hard money loans for a fix and flip deal, and how to get started investing in stocks. I hope this episode brings you the insight and education you need to take the next step in your wealth building journey. Click play to hear my answers to your questions!
What You Should Know About Investing in Real Estate During Times of Inflation
I’m a big history buff, so I consider that when it comes to investing. If you look at the history, there are three asset types that have stood the test of time: real estate, gold, and silver. I don’t hesitate to invest in real estate during times of inflation. In fact, I’d do everything I can to ensure my family’s future isn’t tied to the performance of the US dollar.
Options for Paying Back a Hard Money Loan
If I was in a time crunch to pay back a hard money loan, the first thing I would do is talk with my lender. It’s very possible that your lender may be willing to negotiate terms or extend the life of your loan. You could also pursue other lenders who may be able to offer you favorable terms.
You also may want to consider finding a sharp real estate agent who can help you sell your property quickly, or converting it into a cash flowing rental property.
My Opinion in Getting Started with Stock Investing
Personally if I’m going to buy stocks, I prefer to use an actual brokerage like eTrade. It’s an accessible platform that’s great for beginners. However, stocks are a very small portion of my portfolio, and I much prefer real estate investing.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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