“Marry the house, and date the rate”

Simply put… you're committing to a long-term relationship with the house you love. But you can dump the interest rate when you refinance.

Recently I attended a real estate summit and they had several prominent National private lenders on stage who all mentioned a common theme to 2023 which was…

The long-time investors who have been buying real estate for decades are buying more NOW than ever before!

The “sharks” or the “wise guy” money from wall street is finding its way to main street in the form of single-family homes.

While I cannot speak to why other people are investing heavily in real estate, I can offer up some reasons why we are incredibly bullish at this point in time:

1. We have found the news cycle has been in our favor by portraying a softening housing market with limited buyers and high-interest rates. This is welcome news for us because as Warren Buffett says…” Be greedy when others are fearful and be fearful when others are greedy.” The competition has been reduced while interest rates are the main focus of conversation, allowing investors like us with cash to swoop in and pick up real estate at a discounted price.
2. Your average buyer is your average seller. What I mean by this is most people that decide to buy a home need to first sell their existing home (move-up buyers). Well, with interest rates pushing the monthly mortgage so high, and people not wanting to give up their low-interest rates, they are electing to stay put in their homes, which is keeping demand low for investors to have to compete with.
3. So many people have fallen in love with the interest rate…not the actual asset! Interest rates come and go. They go up down and sideways but the actual real estate asset tends to go in one steady direction over time…UP.

Please do not make the mistake of waiting around for interest rates to go down. Think about it…The reason why so many investors are buying up as much real estate as they can right now is because the minute interest rates dip back down into the low 5’s, a tsunami of buyers will flood the market and you can kiss any chance of a good deal on that property goodbye because just like 2021 it will go to the highest bidder willing to pay $50,000 above asking price, sight unseen, along with their firstborn child if it will get them the house!

Take the advice from Will Rogers:

“Don’t wait to buy real estate. Buy real estate and wait.”?

Do you agree?

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