It's over. The housing market just collapsed. Yeah, you heard me right. So much is going
on in this economy and this market that I just had to get on camera and discuss all
of these changes with you. So much to discuss, so many new things. Stay with me to the end
because I have a lot of crazy information and you don't want to miss any of it. Let's go,
Okay. Okay. I am ringing the alarm bells. We are literally in kind of like crisis mode. Now
again that we are in a market collapse. So many people are like, oh my gosh, the housing market
is collapsing. What is going on? Well, let me give you some indicators on what's going on right now
and what actions you should be taking. So let me first tell you a crazy statistic that I just saw,
and it is affecting things in a major way. 99% of all mortgages in the United States
are currently under 6% interest rates. Okay? You're hearing that, but I'm going to say that
again cause I don't think you're really getting what I'm saying. 99% of all of the mortgages,
the home mortgages for single family homes, the person that borrowed the mortgage has an interest
rate of 6% or less, okay? 99%. So today, the time that I'm making this video, current interest rate,
even if you have great credit, because I just checked the interest rate was 6.75, okay? 6.75
for a 30 year fixed mortgage. Think about that for a second. So if I go to buy a house right now,
the lowest interest rate that I can get right now if I have good credit is 6.75 and in some cases,
like FHA loans, VA loans, government loans, USDA, those interest rates are already in the
7% range, but all of the mortgages that people already have are less than 6%. So that's creating
a situation where people are not wanting to sell their homes because they know they're
going to get into a mortgage that's way more than the interest rate that they're paying now.
Literally, I have four mortgages that I was just looking at and they are all under 3%. That's the
other crazy statistic that I wanted to share with you. Studies are showing, I just read it, 62%,
62% of all of the mortgages of those 99 that I said are under 4%. This is unheard of. Literally,
I have a bunch of mortgages on properties that I have right now, and the interest rate is less
than 3%, meaning it's 2.5, 2.75. So now I'm in a situation where if I go to sell those properties
and buy new properties, I'm going to be paying much higher interest rates, which is me to act
differently and is causing investors, real estate investors across the United States to behave much
differently. Let me explain something to you, because most of the people right now, like I said,
have these great mortgages and they're less than 6%, why would they want to sell their property and
then have to go to another mortgage where they're going to be paying 7% for example? You know what
I mean? There's a real big difference in your mortgage payment from a 3% interest rate and a 6%
interest rate. I know that doesn't sound three to six, but it is a lot when it comes to mortgages.
That's a really, really big difference. And so what is creating is a reduction in buying power.
So think of it for an example. If I was able to buy $300,000 before at a 3% interest rate, maybe
the mortgage payment was $2,500, okay, I'm just going to use round numbers, 300,000, 3% interest
rate. I'm at $2,500 because that's what I qualify for and really what they're qualifying me for
is the $2,500 that mortgage payment. They're not necessarily caring about the price of the house.
They're qualifying me, the mortgage company, the lender, they're qualifying me off of the
payment. So now if the interest rate goes to 7% and the payment that I can afford is 2,500, again,
using the same example, and I'm put it here on the screen so you can see it. Now, I can't afford
$300,000 because that doesn't create a payment of $2,500 at a 7% interest rate. And again,
this is just an example. Maybe it's only 250,000 or 200,000. Do you get what I'm saying? Because
so now I can't buy as much house. That's the first thing that's happening in this market. Now let's
combine those higher interest rates, which creates reduced buying power with the situation we are
seeing where price values are still going up. Now they're not going as crazy as they were in 2021.
We don't know what happened in 2021. We came out of the pandemic and the United States government
went crazy giving people stimulus checks and things like that. So the prices of homes went
through the roof because of supply, demand and pricing. But now levels are starting to level out,
but prices of course are still higher than they were prior to the pandemic. So we have higher
prices so that same home that you may have bought in 2019 is now worth probably about 30,
40% more. So if the house was $200,000 in 2019, it's probably around $330,000 right
now in some areas, especially the areas that I invest in, Georgia, Texas, Florida, Illinois,
some of those states that we love investing in, we have a situation where the prices have gone up,
the interest rates have gone up, so we can't buy as much home, and now sellers are not wanting to
sell as many properties because they don't want to give up those really low interest
rates. This is going to lead to an issue. We're actually already starting to see where
some banks on paper are not solvent, meaning if they actually had to get rid of their assets,
they would lose out on money because they have so many assets, so many portfolios of mortgages,
for example, that have 3% interest rates, and now you can buy portfolios of mortgages that have six
and 7% interest rates. So those portfolios are actually worth less than these portfolios. So
it's a situation where banks, honestly, if they had to cash out or if there was a situation
where too many people started to default on their mortgages, we would have a serious issue. Okay,
so let me tell you though what we're doing and what the opportunity here is, because you're going
to find that there are, you're paying, if you're looking to buy real estate and use financing,
which you should be, not be saving money to buy a whole house cash, that's crazy, but you're, you're
probably using financing. If you're smart, you're using financing, you're leveraging your credit,
and so you're going to get a mortgage at a much higher interest rate than what people already have
if you go to a lender now and get a mortgage. But what we've done, and we've always done to build
our real estate portfolio is focus on people with a property problem. So let me tell you how this
is how the rich get richer in all of this, and why the rich, you know me, my friends and millionaires
and billionaires, they're calling me telling me about these opportunities and I'm like, yes, yes,
yes. It's because we do something called subject to. So many times, even with multi-family,
and this is really popular when it comes to multi-units, even hotels in apartment buildings,
taking over the seller's mortgage payments like buying the home or buying the real estate subject
to the existing financing, staying in place. This happens all the time in big commercial real estate
because like I said, it's really easy just to assume their mortgage and apartment buildings. We
often take over the seller's financing, but it's not as popular in the single family home market.
People are really funny about letting someone else pay their mortgage unless they're already past due
or they're in some type of financial distress. Maybe they lost their job, maybe someone died,
maybe someone's sick, maybe someone got relocated. You get what I'm saying? This is how real estate
investors make millions. We don't focus on the retail market because like I said,
it's collapsing. It's a disaster. Those people have less than three. We have 62%
of the mortgages people won't even have, they have less than a 4% interest rate,
and 99% of them have less than 6% in rates right now are nearly seven. So if you do subject to,
guess what? You now get to take advantage of these really low interest payments. People are literally
going into foreclosure on mortgages that have 2.5% interest rates. Yeah, yeah. So mind blown, right?
I'm getting some cheers. I got, it's like put, okay, let's stop for a second. I need you guys to
put in the common section. This is why y'all love Noelle, and this is why I love you. I tell you the
truth so put in the common section right now. What you are going to do with this opportunity,
I want to see, I am going to get some rental properties. I need to see that in the chat box,
in the comments section right now, I am getting some rental properties. You see it, you understand
how to do it, and I have an entire playlist that teaches you how to invest in real estate with no
money or credit. Please check out that entire playlist where I give you the step-by-step, the
contracts, what you need to say to the sellers, the whole thing. But the bottom line to this of
this video, because I can't get into all of that in this video, is the opportunity is there and now
is the time. If you are watching this right now or in the next few months, in 2023, this is where you
should be, and this is the opportunity that you should be working on. Getting rental properties,
getting real estate, and taking over all of these mortgages that are less than 6%. This is how you
can make more profits on your real estate, how you can pick up on equity in people's real estate,
and how you can get an entire portfolio to become a multi-millionaire without using your cash or
your credit. I have created this entire book, Real Estate Millionaire Secrets, and you can
have this book absolutely free. You just cover the shipping. Go to noellesfreebook.com. I have poured
my heart into this book, and I teach you exactly how to do everything in real estate that I started
talking to you about in this video, I give you all of the step-by-step. There's even graphs,
templates, checklists, the whole nine so that you can learn to invest in real estate without
using your cash or credit the same way that I did for my parents' basement. Get this book,
noellesfreebook.com because I want to make sure that you have all of the resources, all of the
tools, and all of the knowledge that you need to be successful. This is Noelle, to your success.