— where investors make a profit by being the middleman in a real estate transaction — have wildly exploded in popularity."No money into it, just trying to wholesale, flip, and get creative financing and all that kind of stuff — I think with where the markets are at now, it's definitely softening and turning a corner," he explained."You can't just bootstrap something and own something without putting a lot of money into it and expect it to have these huge gains.
In the past, macroeconomic tailwinds like low interest rates and easy money meant that investors were able to find success through bootstrapping. According to Allred, investors were able to make money simply by being in the game and having any exposure to real estate.financing costs skyrocketing Allred, who defines himself as a"cash flow investor," believes that higher interest rates combined with borrowing over 90% can make it almost impossible for investors to receive positive cash flow on their properties.
"If you buy a property and the market goes down and you haven't put a lot of money into it, then it's very easy to become upside down in your equity position. And it goes from being an asset to a liability real quick," he explained.
Let's overlook the fact that housing investors are a parasitic force on US housing, preventing home ownership and exploiting/price gouging renters into homelessness.
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