Store Cash, Build Wealth, Buy Wise - Episode 18
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Welcome a real talk, real state, the show where we cover how to build well, the real state with no fluff, no B S and no sales pitches. I'm David Green, and i've been doing this for over ten years. I've seen the ups, the doubts and everything in between. This is the show where we pulled back the curtain and show IT to youtube. So if you want to build wealthy real state, or you just love learning about IT, you found your home.

Friends, family and fellow real city investors, welcome to real talk, real state. This is the David Green show. I'm your host David Green, and i've got a fantastic show in store free today.

Got some great questions from the best real community in the world, you guys, the real talkers, if you should try to do IT all, or focus on just one or two things, how to decide where to spend your energy if equity should be moved from one market to another, and how to know where to move IT, how to save and store money while you're waiting by real state what's going on in the new cycle. And Moore, this is your first time listening. Sincerely welcome.

Really glad that you're here. This podcast is different than other real estate investment podcast because we do more than just interview the same investors that are making the real state podcast cycles. Instead, we share actual, practical and tactical information to help you build well through real estate. And we do IT while making your laugh.

So if you like to get your information with a touch of entertainment and humor, you've come to the right place and remember, if you want to help to make this show, I need a had a David Green twenty four come slash ask consuming your questions so you can be featured on a future show. We could all learn from IT little update on what's going on in my life. I'm making some progress with coastal coast real state.

That's going to be my state brokers. The plan is to get brokers from all fifty states, have them hang their licenses with the company and recruit agents from those states. So if you're real in agent and you're disappointed with the service that you're getting from your broker, the problem might be you.

And why is that? Because every dollar that we spend is a vote that we cast. And choosing to hang your license with a broker that you're at is you for that broker? Now if we want to keep a real the reason that most people do that is they went the cheapest broker that they could fine.

So you get out which paid for, you're ready to make some changes in twenty twenty five, grow some confident in agent and learn how to provide a real actual value that industry really, I highly encourage you to check out coasts to coasts, real state. Send me A D M. On instagram with the word coast, or send me an email and i'll put you on the list to get notified when the broken age goes live.

Also some exciting news to coincide with the release of coast to coasts, real state. I'm going to be dropping a podcast on this channel for real safe agents. You're going to have the interviews that we put out every single week for real and investors.

Then you're going to have a show for agents. If you're not an agent, you could just skip IT. But if you're ever been curious about what goes on behind the curtains of the real thing industry, you're welcome to listen.

And then on monday, you can also check out mortgage mondays on youtube. I don't drop those on the podcast channel because I don't know how interested everybody is in hearing IT. If you would like to hear mortgage monday on this podcast channel, reach out and let me know if enough of you do, i'll start asking a hair IT should be four shows a week.

In other exciting news i'm currently working on the website real talk real estate 点 com should be launching in about three to four weeks， where we can have a community of wills and investors that are all coming together to share information, share details, share knowledge, learn and grow together. So for those of you that have stood with me as this transition is taking place, I sincerely appreciate you. And for those of you that are new welcome, I think you'll love IT, right? I think the long gest intro that i've ever done.

So thank you for listening. Let's get into the show. Our first question comes from march in utah.

Funny, I was just in for the first time a week or two ago speaking at rody's event. And that place was gorgeous. I really like you. So I was shocked how much I liked IT.

Hi, David, margie, hair, hair from sane, George, utah. I've been a router for twenty two years, mostly a solo agent. I've just started a small team. And I have a question on how you baLance being a team leader and investing.

I find that it's so engrained me that I am coming across great deals and i'm calling up buyers, telling them about them rather than snagging them up myself. I have a couple of instances where this has happened. One that I actually told the buyer about IT he want up, he wounded up, backing out.

And then I told him i'm going to go for IT. I snatched IT up and will not be able to flip four hundred thousand dollars in forty five days. We didn't even have to paint.

And then another one came across the same situation, and I called of a buyer this time he closed on IT. And i'm still kicking myself that I deflated to that. So just wondering how you baLance IT. All thanks. Well done.

Production team for the David Green show, starting a soft with this question. This is what the kids call a banger. So if you're listen to this and you have kids, a banger is something good.

If you are a kid and you're listening to this, don't cringe. Your parents needed to know that. Alright, your real, your real.

Or how do you know how to look at these deals? May I love this question? Really, margie is going to come down to your particular activating system, which is is a fancy way of saying your subconscious really, it's the filter that tells your subconscious what to let into your conscious and what to keep back from you.

Kind of a fascinating concept if you have never thought about this. There's a lot of things that are happening to right now. Maybe you're driving your car down the road.

Maybe you're like me sitting in your office. There are sounds all around you that your subconscious is not alerting your conscious too. For instance, there's a hum of a refrigerator going on right next to me.

There's also a different hum of the light systems that I have as recording this. And they're settling in the foundation of the building that i'm sitting in. My brain blocks all of that from making its way into my conscious because i'm recording.

And if all of that stuff was distract me, I wanna to talk and think. But let's say there's a loud slammed door. My ticula graduating system would say, hey, you need to pay attention to this because that could be something that's gna kill you.

IT puts that information in in my conscious, where I make the conscious decision. Do I want explore that and look into A R. Get back to focusing on the podcast. Training your particular activating system to serve you correctly is a massively important part of being successful.

And if for you march, when you see a deal, your particular activating system says, let me call my list of buyers who i'm serving instead of, let me buy IT myself. What the easy answer to this. You can buy every single deal.

So if you pick a couple of yourselves, there still should be plenty to go around for your other buyers. And if you think there's not, you've got a scarcity mindset. Consider getting yourself around more deals so you can take care of yourself and your buyers.

I don't think you really have to choose, but here's the way that I would have things if I was you. When a deal crosses your path, the first thing you say is, do I want IT? If the answer is yes, you create a flow chart.

Is this a flip? Is this a bird? Is this a whole sale? Whatever path you're going to take once you figure that out? The next question is, do I have the money to buy IT? If you don't, you either don't buy or you say, how can I buy with other people's money? Real investors only Operate in that world ends, say, how could I make money off of this deal, helping somebody else to build wealth with IT?

All you have to do is programme your flow chart, how you want to think, do you want to take on a budget of flips? Or is that pull away your attention from your asia business that suffers? If that's the case, sell the flips to other people, keep some of the buying holds for yourself.

Do you want a portfolio of thirty properties? Maybe not. Maybe you only want to pick up one a year, so Cherry pick the best deal, sell the rest to other people. I'd also probably throw in there that when you give that via the great deal, you say, hey, my expectation is you're going bring your listings to me since i'm bringing these great deals to you.

Do we have a deal? And if they go, no, my mom's a real city agent, unfortunately, to send all the business to her, no problem or still send you the deals I come across, but I take the best deals and I give a David, David, let you list IT. There's ways that you can look to grow both businesses at the same time.

And that's my advice for you, marg. Look for synergy, give the best deals to the investors that bring you deals that they flip. You don't want to flip the house, get IT to a buyer that is gonna flip IT and make sure that they give you the listing, the people you've already sold deals.

Are they bringing you the houses they don't want to own anymore so you consult to your other buyers, do they have properties that are in bad shape that you can get your hands on and keep for yourself? It's rarely ever an issue of time. It's usually an issue your particular activating system telling you what you should keep and what you should sell.

Thank you for the question. That was amazing. All right. Next up is brian in santiago. Hi David.

My name is brian from santiago. My question is, where do you prefer to keep capital while you're waiting to deploy IT? For example, if you are saving for a downpayment, where do you keep those funds while you're saving for that downpayment? I asked because IT seems like keepit in the same account is exposing IT to inflation.

I am just wondering if there's any other prefer places to to keep IT. Thanks for taking my question. I look forward meeting you in canon.

Brian, you are correct. Keeping IT and savings account is exposing IT to inflation. And yet that is where I keep my money. And the reason is I have a lot of properties, a lot of businesses, a lot of salaries, a lot of payroll, a lot of complication.

So I kind of need my funds to be liquid so that I can pay people fix things that break and move money around. If I didn't have IT set up that way, I might keep IT in A C, D. But really, even though rates are higher than they used to be.

They're not high enough that, that makes much of a difference for yet. One thing that I would consider if you have a hey og on a property is keeping your money in the property itself, like paying IT off completely. Then when you see a deal you want, pull IT out through the heat lock, use that money to buy the next one, and then take the casual IT comes from the property that you bet and use IT to pay off the pay the he og down.

That way you're not earning interest on the money, but you're saving interest that you would have been paying on a mortgage. This becomes especially beneficial to you when rates are up. So if your mortgage was eight point two five percent, but you're able to pay IT off with money that was sitting in the bank, you're saving eight point two five percent, which is the same as making is actually Better than making IT because you're not getting text on IT.

The key is you just GTA figure out a way to get you out of that asset and into the next one, which is why I mentioned having a hey lock because now you're getting the benefit of not making the mortgage without the loss of not having the money liquid. Other than that though, my friend, there's not a whole lot of options as to where you can put that money you could try to keep IT in stocks. You could try to invest ted in something else like crypto currencies, even though that may protect you from the dangers of inflation that exposes you to the dangers of that stocker, that cyp plumbing at the time that you need the money.

And I just don't think the juice is worth the school eze. Thanks for your question. I appreciate folks.

If you ve got a question, remember David a Green twenty four outcome slash? Ask Simon your questions. We can have a featured on the show also. I have any listeners that enjoy themselves in cancun bp on I sure did let me know in the comments if we met A B P. Con and if you thought I was taller or shorter than what you were expected.

I, David, love that you have continued to podcast and excited for your new show. My question, with all the latest trends on social media touting fire and becoming rich and retired at a Young age, what advice or inspiration do you have for those of us that maybe didn't get as lucky or make the right decisions in investments in life and are now in the older, take less risk age group, particularly the generations that were adults and affected by the two thousand and eight realestate crash along great recession?

I have financial P T S D from two thousand eight, but worry that being more conservative has left me behind the last couple of years. We'd love to hear any inspiration you have for those of us on the other side of the hill and hoping that it's not all downhill from here. Thanks for taking my question care from rural tennessee.

It's funny if you're listening to this on apple podcast and you don't see the video caret does not look old at all career. You look like one of the Young people that's all about financially independent and retiring early. So I don't know if I believe that you're on the other side of the hill, but you did ask a really good question.

What do you do if you're a little bit older? What my philosophe has always been, if i'm to be more 奢 ative in one area， I want to be more aggressive in another. So if you're nervous about investing the money in real state, maybe only want to buy one house a year, you don't skill too fast. That's great.

Be more aggressive in making or saving money, maybe both if you're really aggressive in starting businesses and you're good at making money, but you're good at losing IT too, maybe invest more conservatively if you're really good at managing properties, but you're not great at making money, look at how you could be more aggressive at taking properties. Creative financing. There's always some area where you can be more aggressive to make up for your conservative side.

Now the other piece of bring into this is just about mindset. There's nothing that says the goal of life is the retired fast as you can. In fact, when you look at a of the tragic, sad stories that happened many times, they came from the person, they came into wealth way too fashioned more than they can handle when someone gets on steroids that often goes to their head when someone wins the lottery is rarely a good ending for them, the safest way to build wealth or hit success is slowly incremental over time.

So so you're probably exactly where you should be doing, exactly what you should be doing. Just ask yourself how you can do that Better. Can you serve more? Can you work harder? Can you be more intense? And can you chAllenge the parts of your personality that cause you to hold back and play is safe without being risky? Great question though.

Let us know what you end up deciding. Curious if anybody else out there has some financial P. T, S, D.

From two thousand and ten IT was devastating. In fact, we're kind of having a mini one of those right now rates one up really quickly. No one really talks about IT, but short torrential Operators are struggling.

Flippers are getting hammed. Whole sellers are shutting down their businesses all across the country. I mean, legit wholesaling businesses that we're crushing IT.

I've heard Operators telling me I want nothing to do with IT. IT is way too hard. IT is not worth that.

IT is so chAllenging. Meanwhile, more and more people are moving into that space, looking to try to make a quick book. And so the competition that is getting crazy and the deals aren't is good.

This is a tough time to be a real, said investor. IT is also a tough time not to be one. People are not making much money at their jobs.

They're having to work harder. They get used to working from home and doing easy tasks. Now there are being ask more difficult things and not be allowed to work from home.

It's also not an easy time to be an entrepreneur. Businesses are struggling and it's a hard time to be unemployed because everything is becoming more expensive. Is there in area in life that isn't harder right now?

I think the reality is the economy is way worse than what we're being told. We were all running downhill. Now we're running slightly up hill.

But to change for significant, one of the things that i've noticed with the people that work for me or the people that are in my life that are working, is there is a bit of paralysis, not analysis paralysis. This isn't people that are over thinking things. This is a fear based paralysis, like the ptsd that carriage spoke about.

Are you guys seeing this to when people were crushing IT, running downhill and making more money than they ever had? I think what happened is they got used to thinking, that was that got pulled back. Now I gotta work a lot harder to make the same.

And people are afraid to try because they don't want to fail. So people have withdrawn their effort and energy, withdrawn their urgency, withdraw their intensity. But they haven't put that into something different.

They're kind of just staying in the same place, cripple anxiety, marinating in their own fear. I'm curious if this resonates with you. Have you been hit by the same spirit of fear? Are you afraid to try hard as something because you don't want to fail or you don't want your energy to be wasted?

Are you waiting for things to go back to the way they used to be before you try again? Here's the danger with that. You put your autonomy and your personal agency in the hands of the economy where the government or your employer or someone else.

And that's never a good place to have IT the only person that really controls what we do with us, us. So i'm just wondering if i'm the only one noticing this or if other business owner bosses or employees are also feeling the spirit of fear that seems to have swept through the country. Let me know in the comments on youtube if this is something you're also feel alright. Next up we have Daniel from ethical new york mob.

I need your help. I got myself in a rubb situation. I have a rental property, ginza.

I hired A G, C, to do somewhere I paid and thirty five thousand dollars. I'm not going to get my money back. So a long story, but pretty much trying to get out. I don't have that much cash, so I need your help. Um the property gains will has a baLance of two fifteen with a two point nine percent industry IT is worth three twenty five I make about five hundred box a month um should i'm also about to buy um i'm about by primary house and uh ethical new york worth one eighty one k and when I add a bathroom, update the kitchen, paint the art I once I do that of the world two thousand five should I sell my rental and gainful should I refine that my mental gainful or refinance my my new house in northern new york and hopefully try to get some money to pay off that he walk from doing that are thank you.

Really appreciate a Daniel. Thanks for the question. You remind me of something that my good friend just in and I just talked about on the phone the other day.

He also has a hillock that hamer um and he's trying to figure out if he should, selling investment property to paid off. And here's why a lot of people open hey locks a couple years ago and use the money to buy their next of s from property. Now I cautioned against IT.

I didn't tell people don't do IT at all. I just said, hey, you be careful if that's what you want to do. I don't love the idea of taking a he lock out of one property and using IT is the downpayment for the next.

Because what happens is you borrow money to buy the property, then you borrow money for your downpayment. You've now borrows money from two different sources. When it's already really hard to get cash low, you create an appeal battle for yourself and then you still got ta pay off that headlock, which doesn't get talked about.

We assume that whatever you buy is gonna cash flow, but then when IT doesn't, you're stuck. Now your quality, your life goes down as you're probably feeling because IT is dresser when all the money that you made and all the money you're making your job is going to pay up t here's that. This hit t people so hard.

When rates went up, those he locks and everyone took out that seem really cheap. Five, six, seven percent went up to nine, ten, 10， twelve percent. Some of them are sitting at fourteen percent.

It's really expensive trying to pay these things off. However, if you sell either your investment properties, you're gonna SE cash low from the investment. And if you sell the primary.

Have to buy another one. So after thinking about IT, here's where i'm going. Advise you, I want you to keep that primary residence and keep paying for the heat lock.

If you can work more hours, work more over time, get a Better job, do something, I want you to add a value to the primary. After a year, you can sell IT in your capital gains. Taxes should be about fifteen percent.

If you can make IT another year, buy another property as a primary and move into IT, then sell the one that you had. If you can't find a second primary, give yourself two years, then show your primary and don't pay any capital gains. Use that money to pay off the hillock.

I really like this idea of a live in flip for you every chance you get if you can keep finding deals for one hundred and eighty thousand, you're then gonna ll for two seventy five after you fixed them up. You should be doing that every single year. Let the equity that you made from this deal pay off the healing you take out.

And in the future, be careful about taking out additional hillocks to buy properties. I prefer to see people take out he lucks to improve properties. They already have them to use that money for a downpayment on the new one.

Good question though, Daniel. And something tells me that you might want to check out my masterminds, spartan league, that's my real estate community, is sort of a university for real and investors. If you're interested in checking IT out, you can dm me the word Spark on instagram or Daniel reaches me directly.

I'll see if that something you might want to enjoy. I love that you're out their husband and making moves. All right.

Next up we have a question from David in tampa. David, with the high cost of taxes, hope insurance in flood insurance. Is the tempest in pedia still investable? Wow, short to int to the point.

Well done, David. Oh, boy, this is not gonna be a short answer. There are so many angles to take with this thing.

Florida is a confusing, complicated state. I had a bit of a situation ship with fla because I believe in IT for the future. I love the business environment.

I love the location. I love a lot about florida. I think people are going to keep moving there.

I don't think they're going to keep moving there at the rate that they have been. And I also think a lot of people going to move out of florida. This is where IT gets weird.

Well, many people gonna want to live in florida. Many already thought they are going to try to get out because of exactly you said, the insurance problem and the flood problem. The hurricanes have come and have dubbed some water on the red hot market that was florida.

If you live there, you know, i'm talking about, say, peak got harmed by two hurricanes in a row. Tmp, a very close, also significantly affected. And as insurance is skyrocketing, people are saying this is way less affordable than I thought.

You see people moved to florida because I was cheaper than new york or or stay or some of the east coast ties that they left. Now they're going to move out of florida, and i'm trying to figure out where they are going to go because those might be the places that you want to invest in for the future. So over the short term, I do think you're going to see people leaving same peak, and I do think the value the area are going to go down.

But in the long term, I think that they're gonna do just fine. So if I was you here, so i'd be thinking I probably would sell in sapete, and i'd put the money in a different state, maybe alabama, north arkansas, somewhere in the midwest, but only for a couple years, which means i'd want to buy something where I could for equity, want to fix that up, make IT worth more, and then let the equity in that deal. I would let everything cool off.

I would see what happens with the insurance in florida, and I would appear stable. I put the money right back in there. Now, if you do this just right, what's likely to happen is you take the money out of florida when it's not growing.

You put IT into a market that is going to be growing. You also add a value to the property that you bought, then you take this big chunk of equity that you created and move at right back into florida, where Prices have stayed about the same, which meant you added to your wealth. Then you'll see the values in florida that will continue to grow.

So it's a good long term in investment. I've not down on florida. I just think florida going to have a couple years in the future of sort of signature static.

I don't know exactly i'm trying to say there, but it's going na remain staging for a period of time would forge, you say, glorious stage licious. Yes, this is a stage licious real and investment environment also. David, I like where your heads out.

You're think in the right way, intention what's going on the market. I think you should listen to your gun on this one. Probably a good idea to move your equity.

Remember everybody, you can see that your question, just like David, who did a David Green twenty four outcome slash ask, but if you submitted A A question and you didn't get an answer, you have a question that's more confidential or you need a quick answer. You can also find me on the net APP M I N N E C T could find on the APP stories made by value taints. You can reach me there, or you can email help David Green, twenty four, our common schedule consultation also kind to take a second to thank you for listening.

I love you guys. Let me know when the comments on youtube what your favorite part of the show is and what you like to see more of moving on to the next segment of the show, the comment. So this is where I read comments from youtube, instagram, other places.

Kelly read hood says, if people spend the same time educating and working harder instead of complaining, are blaming others for their problems, they could have a Better and more stable life. That's pretty good where you spend your energy matters. We sort of talked earlier about how people have withdrawn, putting energy into their job or their business for their investing because they're scared, but they haven't put the energy into anything else.

I mean, at least put IT in to the gym or your relationship or something. Don't just let your potential go to waste because you're RAID to do anything. I'm curious why you discourage turkey property.

Do you mention that on previous pods? And again on this one, if they are cash allowing rus wrong with them maho from jail um yeah that's a good question. Why am I down on turkey? Well, I don't know that they really cash flow.

First off, they present like they will. But when I i've talked to the chinky investors that bought into the worst markets, which is always where these companies tend to Operate, they didn't cash flow. They were told they would cash flow.

You thought you cash load for three years than the air conditioner brakes. There's a roof league, you one tenant that leaves, and you got to spend six thousand dollars to get the property ready for the next one. Three years of cash completely gone.

Now this is the same thing that happens with homer. Real set investments. Cashala is notorious ly unreliable. It's very easy to lose IT.

But see those capital expenditure and the losses that you actually experience are made up for by equity growth. IT could be market appreciation equity you invested in the right market. IT could be natural equity.

The fed printed a bunch of money and made real state worth more IT could be equity that you added to the property by forcing IT? Or maybe just maybe you bought a really good deal, the old fashion way, what I call equity, and that made up for whatever you had to spend to fix up the property that the tenants, broker or something fell apart. That doesn't happen when you buy turkey.

The person that makes the money in a turn key transaction is the turnkey provider. If these were great deals, theyd be keeping them, not selling them. That's basically why I say this.

This does not mean every single turn key provider is bad. I will say i've been doing this for about ten years, and I haven't had a story yet of a person that was happy with their turn key. And a few people that were would have been happier if they had bought the property themselves from daily S.

P. Osa, when is a he lock a good idea. I have my first property that I purchased as primary, and then I converted to a rental. When I moved, I would like to purchase my second property, sing a hey lock, and buy a primary to house sec.

What are some things are considered before taking this out? Is there a rule of them for how much equity IT should have? Well, Daisy, you pick the right episode to ask this question on because as I said earlier, I don't love this strategy, folks.

I'm just going to say at this way, if you need the money from a hillock to buy your next property, you probably not ready to buy your next property unless it's a flip. If you're trying to buy something that you can turn around and cell, i'm a little bit closer to being okay with you using a heat ck. Now days is you do mention buying a house sec.

I'm assuming that if you do this, you can eliminate your housing expense or significantly reduce IT. So if you can save two thousand dollars a month by house hacking off a red, your spending and your headlock is gonna be 50 hundred。 That might make sense.

But if it's anything different, if the heat lock is more than the savings, I don't think you should do IT just save money. The old fashion way from C. M.

roche. David, I appreciate the time and effort that you put into your content. You and rob, we're an amazing team on B.

P. I've seen a trend of many investors going back to burr. Is this the best exit strategy in your market? Certainly not.

My market in california is is very hard to do a burr. Why have we seen people going back to the burr? Well, i'm guessing this because rates came down a little bit.

Burr was never the problem. Long term pain hold was the problem. IT was very hard to make a long term by and hold work when IT rates when up.

Of course, the birth strategy get blame. That is ignorance. I don't take that stuff too seriously, but I did get a lot of shots fired at me as server when people saying that the bird method doesn't work.

Here's what I have to say. You would buy a property at a good Price. You increase its value.

You've created equity. You've created wealth. If you can hold onto IT or IT, if you can't sell IT as a flip.

If you think the markets gna continue to go up in the future, keep IT as a bird. If you think the market is danger and not gonna up, sell IT as a flip and reinvest the money. My new book, Better than cash flow, basically describes ways to analyze real state, just like this.

To make these decisions really simple, I cover the ten ways that you make money in real state, not just the one way that ever one's been top. You can preorder the book on amazon, or you can join my text, select to get notified when IT comes out. Are you to is go to my instagram and put the word text in A D M.

To me or on any of my post. T, E, X, T, then follow the prompts in your dms. Move IT on to the next segment, the real news report.

This is where I keep IT real with all of you. So you know what's going on in the world? The real state.

Our first article, inflation has returned to Normal. What does that mean for the election from A B, C news? As the U. S. Hurdle towards the presidential election this fall, the nations inflation rate has quietly returned to Normal.

Even as the continues to worry voters and draw focus on campaign events, more than half of adults less inflation is the top issue for the country, making IT the highest ranking concerned by a wide margin over the likes of immigration, crime and abortion. The disconnect stems apart from a typical lag between and when inflation comes down and when consumers climate to new Price levels. Since a lower inflation rate does not mean Prices have come down, but rather that they have begun to increase at a slower pace.

So consider the fact that you started putting on a lot away. You are gaining five pounds every month and you've gained one hundred pounds. People think that inflation going down means you're losing weight, but you're not.

What that means is you've still gain hundred pounds, but now you're only gaining two pounds every month. And instead of five, it's not actually the great news that everybody thinks that is because Prices rarely ever come down. Once you gain that weight, IT doesn't go away.

This may not be the perfect analogy, but the only way you can add more muscle to offset all that way that you put on. So in this example, if inflation is putting on a weight, adding muscle will be earning more income. That is really your only option to catch up when you fall behind from inflation.

And so few people are doing this IT concerns me. I want to see more people saying dying. I put on one hundred pounds, how I onna fix.

I Better get in the gym and start lift in those weights. But so many people are just paralyzed with fear right now. This is something i'm praying for the country, for my friends, for family, everybody, pretty much every day, that the spirit of fear would be broken off.

The people who believe, and they would dig down deep, find the talents and the skills that god gave them, and use those to put on some muscle. While consumer attitudes have brighten in recent months, many people remain frustrated with accumulating p in Prices over recent years. The train Carries answered implications for the contest between vice president commoner Harris and former president Donald trump, since persistent concern about inflation could hurt Harris, but recent improvement in sentiment may blunt some of that negative impact.

Inflation is really something that takes people a long time to feel Better about. Yeah, I have been talk when inflation since cove IT. Even before that a little bit. I've been banging the gong about I been worried about this a lot.

I think a lot of the problem when they start putting the money, you don't have inflation right away to take several years before IT comes, and it's hitting us right now. But IT is because the decisions that we made in the past that was very unwise for us to not be prepared for this. So what can you do to help find inflation? A couple of easy things.

You could buy some moral state because he does really well in high inflationary environment. You can keep your own spending down, and you can consider getting a renewed effort and focus into making more money. If you're Young, you don't need to pay for a three thousand dollar apartment to have your own space, move in with somebody else and just don't be home that much there and work two jobs, especially for are a Young man.

If you hate working, fix that, you could have be spending a lot of your life working. There's nothing wrong with doing IT. And if you been going out to eat a lot, not cooking food, drowning yourself in a retail therapy, find some activities like exercise or building authentic relationships that don't cost money, but will still make you happy.

Imagine if we had a move of husband's and boyfriends that came back romance their wives and girlfriends and spent a lot more time making them happy, rather than spending a bunch of money on stuff that we got used to doing when everyone was rich. Our next up from news week, the housing market is expected to come rolling back after the election, according to real estate expert, the housing market is likely to come ring back after the election, a real set expert shared on friday. But another expert told this week the excitement maybe premature.

Ryan saha, a real say broker known on million dollar listings, said buyers and sellers should expect the housing market changes after the election. Inventories up interest rates for at twenty months lows. People are waiting.

They want to see if deals you're going to come. No one wants to catch a falling knife, but also no one wants to jump into a speeding car, cern told fox business steward vanni on varian company of today's current market. While the current market has fresh in american, surgeon said he's optimistic about where it's headed in twenty twenty five.

I think people are willing see what happens in november, and that will take us into a ring twenty twenty five once Morgans rage reach five and four percent. Sir hot predicted more liquidity in the market elections is often impact the housing market as an administration's new economic policies change in markets confidence level interest rates can also change as a result of those policies based on federal reserve decisions. Lower overall inflation levels could also inspire in improve housing market as more americans become able to afford a house.

Still, not all finance experts agree that twenty twenty five will be strong as the hand is anticipating, especially st interest rates linger at six point six five percent for a thirty year mortgage. Twenty twenty five is poised be a good year for the housing market. But I think it's premature to say IT will be as strong as some are expecting, said alex, being a financial literacy instructor for the university of tennessee.

While interest rates are starting to decline, they're still significantly higher than they were a few years ago and adequate to hire monthly payments that will keep buyers from diving in. Alright, let me wait in on this thing. Here's what you can expect.

You've got two options. Rates could go up. Rates could go down. If rates go up, you will see the Price of goods and services stop increasing as much as I was, but you will see the affordability get worse in other areas like housing.

If rates go down, you will see that housing starts to go back up. People can make money in real state again, and homes might even become more affordable in some ways, but everything else will become less affordable because inflation will take off again. There is no scenario here where you get the best of both world.

You just got to pick your poison. So my advice is to be ready for either of those scenario with the plan that you can execute. Matter what happens. Are I moving on to our last article? China pledges more financial support for White list to real estate projects.

China will expand its wide list of railway projects and speed up bank lending for these unfinished velocity ments by the end of the year, the country's housing ministry said thursday. Nihon, china's ministry of housing and urban rural development, made the announcement at a press conference alongside officials from the central bank. A total of two point two trillion yan, which is over five hundred billion dollars, had already been approved in loans to White list to developers.

That figure will almost double a four trillion you on by the end of the twenty twenty four years, according to a senior official from the financial regulatory admin. Launch to january, china's Whiteways initiative allow city governments to recommend residential projects to banks for speedier lending. The intent was to ensure the completion of the finish housing projects so they could finally be delivered to buyers.

So here's what's going on in china. They had a boom. They try to build a lot more housing. The way that they set IT up over there is you give the developer a lot of the money to build the property, and then they build IT and give IT to you. However, the developers took the money and then stop finishing the projects.

So they have a lot of projects that we're started housing over there that were never completed for the people that didn't pay their developer up front, that developers would run out of money. They couldn't keep raising IT to fund their projects. So they just abandon these properties and you have whole communities projects, skye scrapers, that are just sitting there, half built, not being finished.

And this has been a black eye on china's government at real stay seam. So they're trying to come up with the plan for how they're going to funding. Jaw stressed that bank should deploy funds as soon as possible, saying that they could release the loads and full to developers rather than in its in pieces.

The briefing was the latest in a series of high level government policy announcements aimed at bolstering the economy. Okay, I don't know anything. I can't predict the future, but my head does look like a Crystal ball.

Here's what I think we could expect. I don't think china has the money to just give these people. I think what they're going to do is something similar to what they saw amErica do.

They're going to create economic stimulus, issue bonds to themselves and use that money to fund these projects. What happened when we did that here? We got a lot of inflation.

So if i'm correct with my prediction, that means china is also going to be experiencing inflation. Now china's economy has been struggling. This is another reason that I think that they're likely to try to print money to fix things.

The article says that some investors saw the recent flurry of activity as a sign that beijing was finally ready to take jasa tic measures to stimulate growth, and they had hoped for more stimulus measures from the briefing. As jaa speaking the chinese csi three hundred rules, the index dropped over five percent in a sharp turnaround. From gains of almost nine percent in the previous three training sessions. Volatility in the chinese stock market is likely to continue as investors lack conviction that the stimulus package and what spent announce is going to turn things around.

So could china end up in a similar situation to the us, where they are printing money that debases their currency, makes their real estate worth more, but makes the overall costs of living go down because all the things you're spending money on go up with the wages you're being paid from your employers? Don't the plot thickens? Alright, if you like this kind of stuff, remember every week I go live on my youtube channel and I talk about my real state news and I could impact the economy.

Or you as the investor, just look up the David Green show on youtube and subscribed the channel to get notified when i'm going in live. I also got my instagram when I tell everybody when i'm about to go live. So follow me at David Green, twenty four over there.

Next segment of our show. Quick hitters. Terrible d tells me, get a tesla or an E V.

I don't know what I said the matter, say that, but here's why i'm not going to do that. I would never remember to charge IT. I can't remember anything actually.

I can remember everything that happened when it's something that I care about. But what I was supposed to eat for lunch that day, what I told someone yesterday I was going to do, I never know. Fun fact, I never even know what i'm traveling.

I keep ba suitcase and a garment bag in the trunk of my car. And I look at my counter and when he tells me, tomorrow you're flag somewhere, I just drive there. I have not packed for anything.

In over four years from professional aesthetics, the best real estate show on youtube and the net boom professional esthetics. You can trust them because they are professional. Uh, I think I have the least aesthetic realist influencer on the internet.

And so if someone who is professional at aesthetic likes to show, that tells you how good to really is. Thank you for that. From argo ski.

Hey, David, why are you so against turn key investments? Well, guess what, we talked about that a little bit earlier. Just rewind a little bit.

You can get that from Kelly ache. L god is my therion. Please pray for him.

Seriously though, recently have been trying to be Better at yielding because I clearly don't know what i'm doing. Welcome to the club from that duke. Are you still looking for loan officers? Yes, we are. The one broker is hiring loan officers.

If you are thinking about finding a Better brokers to have your license at emas intake at the one brokers, don't come and let us know that you like to hang your license, what the one brokers will get you set up. Are I folks in the sneak peak section of the show? I've got some news to announce Better than being released.

We are finishing up the cover art right now, and we're going to be planning a book launch party at several locations across the country. If you want to come party, have a good time and celebrate the launch of this new book. If you want to get information on that, go to my instagram and send the word text.

You can get subscribe to my text left behind the shine seeing Green and keep an I on my instagram at David Green twenty four because i'll will be putting the information out there. Also, to wrap things up, we've got a sneak peak, part two, coast to coasts to getaways. Performance property management, my property management company right now only managing shorter mentals is looking to take on some new properties.

So if you're unhappy with the current management you have, you're tired to managing at yourself and you want some help or you like to see your property perform Better, send us an email str at David Green, twenty four. Our com tells about your property. We will see if it's in an area that we could take IT on and we could be managing your property for you and everyone.

We covered quite a few topics here, including where equity should be moved, when equity should be moved, if a he luck is the best option to buy new property, how to pay off existing he locks when live in flips makes sense, and what to do with your money when you're not buying anything. I want to take a minute to sincerely thank you for listening to today show. I hope you laughed, I hope you thought, I hope you have felt something, and I hope you learned.

I'm David Green. This is the David Green show and is part of the real talk real estate network. Remember, you can go to David Green twenty four comp slash asked to summer your question me featured on the show, make sure you subscribed and leave us a review if you like the show.

Thanks very much everyone. I will see you next week. Keep rocks and real talkers.

Thanks for listening to real talk, real state. You would like to be featured on the podcast I love visit David g. Green, twenty four outcome slash asked and summer your question there. Also, please give me a huge favor and share the show with someone that you love that you think would benefit from this message, and make sure you subscribe. You get notified for future events if you want to reach out directly, you can also DMi on instagram or social media and check out David Green, twenty four.