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This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
In this episode of STRUnfiltered, Bill discusses the upcoming opportunities in the real estate market as the Fed announces likely rate increases in 2024, urging listeners not to fear changes in interest rates but to focus on cash flow, cash on cash return and the internal rate of return. He believes that the possible rate decrease could shift the market into a seller's market as more buyers enter. For this, Bill encourages preparation, including being bankable and maintaining a strong credit score. He advises listeners to use any equity in their properties to reinvest and potentially increase their income. He also highlights the importance of being selective with properties, suggesting that properties without certain attributes might not return high yields. At the end, he introduces his inner circle program that helps members understand real estate investment better.
00:01 Introduction and Welcome
02:06 Understanding the Opportunity in Rising Interest Rates
03:08 Predictions for Federal Rate Increases in 2024
04:08 Preparing for the Impact of Decreasing Interest Rates
05:45 Importance of Being Bankable and Protecting Your Credit
07:44 How to Prepare for Buying Opportunities in 2024
07:59 Understanding the Importance of Debt to Income Ratio
08:36 Maintaining Good Credit Score and Its Impact
09:59 Predictions for the Real Estate Market in 2024
12:22 Understanding the Concept of Super Properties
13:18 Making Sound Investments and Building Equity
14:07 Closing Remarks and Contact Information
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