The Importance of Lending to a Business Owner

Harold: What are the lending requirements for a person that is a self-employed or has an owner of a small business? Harold: Does having an IRS debt or a debt with an IRS have any influence on getting a mortgage home? Thank you and I hope you have a wonderful day. "I don't know anything about construction compared to the people that are in it every day," says Paulus.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

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 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!

In This Episode We Cover:

Why the US dollar is in danger and what it means for real estate investing

BRRRRing vs. flipping and what to do when high interest rates are eating your cash flow

Using a HELOC to fund your down payment and the danger of doing so in 2023

How to get pre-approved for a mortgage as a self-employed individual

What to do when your rental property is losing money, and where to invest IF you sell it

Real estate side hustles and how to learn while earning some extra income

How to increase occupancy when your rental property isn’t getting tenants

And So Much More!

Links from the Show

Find an Agent

Find a Lender