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Summary
In this episode of the Midwest Invest Report, host Kyle Reedstrom discusses the possibility of Fed rate cuts and how they may impact real estate investing. He also shares three ways to get into real estate investing now, even without a large down payment. Finally, he introduces the tool of the week, Chat GPT, an AI technology that can help with brainstorming and problem-solving.
#Fedratecuts #realestateinvesting #downpayment #partnership #linesofcredit #contractfordeed #sellerfinancing #chatgpt
Takeaways
- The possibility of Fed rate cuts is a hot topic, but it's important to remember that interest rates are already locked in for most people.
- Three ways to get into real estate investing now without a large down payment are: partnering up, leveraging lines of credit, and exploring options like contract for deed or seller financing.
- Chat GPT is a useful AI technology that can help with brainstorming and problem-solving in various areas of life and work.
Sound Bites:
"Doubts creep in about a Fed rate cut this year. Traders started their year predicting up to seven cuts. Now many are betting on one or two or none."
"I want to get into real estate investing, but I don't have the money right now. How do you get in instead of just waiting and stacking pennies?"
"Lines of credit can be used to leverage into your down payment. This is the story of how I got into real estate investing."
Chapters
00:00Introduction and the Fed Rate Cut
04:12Getting into Real Estate Investing without a Large Down Payment
08:58Using Lines of Credit to Leverage into a Down Payment
13:13The Tool of the Week: Chat GPT
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