With so much money floating around in the economy right now, we’ve heard talk of inflation and a recession.
A few months ago, people were hopping up and down at the chance to get into a home and were overbidding to get the homes they wanted.
Now it seems that buyers in the housing market and consumers around the country are getting nervous and hanging on to their money.
So it begs the question: what happens to the money in a recession and who makes money in a recession?
Surprisingly, people who know where to put their money in a recession can use a slump in the economy as a platform to launch themselves into a stable financial future.
Now, if you’re a nervous consumer or were hopeful to get into real estate investing but you’re not sure if now is a good time, listen to me closely:
There is never a better time to learn about and use creative financing than right now.
Now, you guys know that I talk about creative financing in the scope of real estate, but you can use it anywhere.
I got into creative financing because I sold a beat up work truck for thousands over market value because I was willing to act as a bank for someone else and let them make payments to me.
That’s just one type of creative financing tactic called seller financing, but you’re going to be seeing a lot of this kind of thing here in the future.
People who know how to invest will be using this tactic for everything - from home buying, getting work equipment and materials, to maybe even groceries.
It starts with finding the right people who are willing to work with you because:
It’ll help them make more money in the long run.
It’s a more reliable way to get a hold of products.
It’ll help sellers finally sell products they have been forced to hang on to.
It alleviates pain points and relieves mental stress on them.
With an ever-looming recession haunting us, the best thing you can do is learn how to slingshot yourself miles ahead of the competition that may learn these things too, but won’t have the resources to execute these strategies.
I did a whole podcast on this the other day with one of my personal heroes, Dean Graziosi, to talk about his next steps toward putting yourself ahead in a recession.
If you’re hoping to put yourself in a good place for the future, and you’re wondering what steps to take next, come see how the SubTo community and its creative financing strategies are the launchpad to put money in the bank and keep it safe during a recession.