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.
Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
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BiggerPockets Resources From Today’s Show:
Bootcamps: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps
Lenders: https://www.biggerpockets.com/loans?utm_source=youtube&utm_medium=description&utm_campaign=none
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Past Episodes Mentioned in Today’s Show:
Seeing Greene 750: https://www.biggerpockets.com/blog/real-estate-750?utm_source=youtube&utm_medium=description&utm_campaign=none
Jessie Dillon on The “Real Estate Rookie” Podcast: https://www.biggerpockets.com/blog/rookie-231?utm_source=youtube&utm_medium=description&utm_campaign=none
Joe Asamoah’s Section 8 Rentals: https://www.biggerpockets.com/blog/biggerpockets-podcast-575-joe-asamoah?utm_source=youtube&utm_medium=description&utm_campaign=none
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Episode #762
Show notes at: https://www.biggerpockets.com/blog/real-estate-762?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
01:33 Quick Tip
02:44 BRRRRing vs. Flipping in 2023
08:17 The Destruction of the US Dollar
14:10 The Problem with Using Your HELOC
17:35 Questions from the Comment Section
25:09 How to Get Pre-Approved When Self-Employed
32:57 Selling a Property for MORE Cash Flow
38:18 Real Estate Side Hustles
40:37 No One Will Rent My House!
44:13 Stick Around for More Seeing Greene!
