How the Recession Will Impact Real Estate & Hard Money Lessons with Kevin Amolsch

In this episode, Kevin Amolsch shares his perspective on the overall status of the market as we enter into a recession and inflation rates are slowly rising. He also talks about the current status of real estate and about what the hard money loans can do for investors.

[00:01 – 06:51] Changes Going into a Recession 

• Kevin shares about his background
• Defining the difference between the 2008 recession to the current recession
• Seeing very low approval rating within the credit availability index

[06:52 – 13:18] Comparing Recessions and How Investors can Protect themselves 

• Seeing the current recession is limited to inflation and rising interest rates
• Investors should diversify onto Main Street and consider real estate as an inflation hedge 
• Hard money lenders should be more conservative with loan values and liquidity reserves

[13:19 – 19:45] Finding the Right Hard Money Lender

• Hard money lending is very local, so it’s best to find a local lender
• Lenders are look at investors experience, liquidity reserve, document income, and credit report
• Borrowers don’t need a down payment; loan to value is based on AVR or stabilized value

[23:29 – 29:04] Closing Segment

• Quick break for our sponsors
  • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com 
• What is your favourite book?
  • The E-Myth by Michael E. Gerber
• Kevin Amolsch’s indispensable tool  
  • Customer Relations Management  
• What are you looking forward to in 2023?
  • Germany for Oktoberfest

Connect with Kevin Amolsch:

Website: https://thepinereport.com/

Email: [email protected]

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

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Tweetable Quotes:

“ Don’t stop buying. If you put your money under the mattress, like so many people are doing right now, you’re losing your money. It’s eroding to inflation.” – Kevin Amolsch