The stock market’s ups and downs, the uncertainty of the economy, and inflation have many investors on edge, searching for something stable. But for those who know how to play it right, real estate has always stood out as a reliable option.
So, what’s the trick to making it work, especially when times are tough?
Here’s the thing: there’s never really a bad time to invest in real estate—just bad strategies. A good deal is always a good deal, no matter what’s happening around you. Take Joel Miller, for example. He started investing in 1978, a time when double-digit mortgage rates and sky-high inflation were enough to make most people think twice. But Joel’s experience proves that real estate can thrive in any market, as long as you know what you’re doing.
Real estate is the most forgiving investment vehicle there is. Unlike stocks or indexes, it puts more control in your hands, and there’s always a way to make your money back (if you picked a good deal).
And that’s huge when you’re trying to navigate uncertain times.
So, is now the right time to invest? According to Joel, it’s always the right time if you find the right deal. The market may shift, but if you hold onto a property long enough, there’s usually a way to make it work.
In this episode, I sit down with Joel Miller, a real estate veteran with over four decades of experience. Joel talks about his new book, Build Wealth In Real Estate And Enjoy The Journey, the wisdom he’s gained in his investing career and how you can spot good opportunities, no matter the market conditions.
Real estate is a very forgiving game. If you hold onto a property long enough, you’ll usually find a way to make money that might not be the original way you planned. -Joel Miller
Three Things You’ll Learn In This Episode
- Knowledge vs. wisdom
If you want to have a long investing career, knowing all the best strategies isn’t enough. What are some of the basic accounting mistakes investors make that tank their businesses? - Don’t wish for better rates, wish for better deals
Even in the worst markets, there’s never a bad time to invest in real estate, but there are bad strategies. What rule should govern whether or not we do a deal? - The problem with low interest rates
Many people wish for the super low interest rates we had a few years ago, but here’s the thing: they weren’t normal or good for the economy. Why are today’s interest rates better? - Real estate: the most forgiving investing vehicle
In real estate investing, you can make a mistake and still find a way to make your money back. How does that differ from other investments?
