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It’s not a housing crash, but this could hit the real estate market hard. This episode is all about America's growing debt problem, the rise of foreclosures, and why cash is still king in today's market.
We break down how new credit score models could affect lending and the type of assets that can survive a debt-based economy. Plus, Drew Wiard joins the show to share how the commercial industry is holding up, which markets are doing surprisingly well, and what you should be doing to adapt.
Topics discussed:
Introduction (00:00)
Drew’s current stance on commercial real estate (04:48)
Why pivoting our focus to lending was a smart move (07:22)
How to decide when to keep going or pivot (09:15)
The rise of foreclosures and cash purchases (11:12)
Credit score changes and its impact (13:38)
How the long-term debt cycle is shifting our investment strategy (19:48)
Generational shifts in work ethic (22:17)
The long-term effect of AI and global labor shifts on real estate (28:44)
Why people are migrating to midwest markets (33:30)
How Drew is underwriting commercial assets in this risky market (37:35)
Connect with Drew Wiard:
https://www.instagram.com/theflyinginvestor/
https://www.tiktok.com/@theflyinginvestor
https://www.facebook.com/drew.wiard
Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/
Check out the FREE Collecting Keys “Invest Anywhere” Guide to learn how to find deals in ANY MARKET Completely virtually (this is how we scaled to over a dozen markets)!
https://instantinvestor.collectingkeys.com/invest-anywhere
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This episode was produced by Podcast Boutique https://www.podcastboutique.com