Short Term Rental Riches 106. Why You Need To Refinance Now! (Inflation)
Nov 23, 2021
Inflation is soaring at rates not seen since 1990, impacting everyday prices like gas and groceries. Real estate investors are sitting on untapped equity, but it’s only useful if you act on it. Discover reasons to pull out that equity and when refinancing is advantageous. The host shares a personal tale of surprising price hikes to illustrate these points. Additionally, listeners learn how to navigate current market dynamics and manage their property equity effectively in an inflationary environment.
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Inflation Illustrated by a $2 Banana
- Tim Hubbard shares a personal story of paying $2 for a banana during a US trip.
- This highlights the tangible impact of the highest inflation rate in 30 years affecting daily prices.
Rising Inflation Boosts Real Estate Equity
- Inflation and housing shortages have significantly increased real estate values.
- Many investors now hold considerable equity in their properties due to these rising prices.
Refinance To Leverage Equity Wisely
- Refinance to pull equity if you can invest the money at returns exceeding your loan interest.
- Fixed long-term loans let you benefit from inflation and property value drops while rents rise.
