Why Real Estate Investors Should Keep Buying Despite High Interest Rates | Anson Young

I think the best opportunity right now is for, uh, for investors to continue just plowing forward, not being scared of the current interest rate environment, not being scared of longer days on market. If you're a flipper, you're looking at, at high interest rates and a challenging sellers market right now. Whether it stays on market or concessions or the ARVs are softer than they were before, being able to plow through that, like investors were making money in two thousand eight. They were making money in twenty twenty.

Welcome to The Real Estate Pros Show, where we interview real estate investing professionals from coast to coast, as well as the service providers that serve the real estate investing industry. Our goal is simple: share what's working now to help you improve and scale your business to the next level and meet the pros that can help you get there. Real Estate Pros is powered by Investor Fuel, America's leader in helping real estate investors and professionals build the business you need to live the life you've always dreamed of. Let's start today's show. Welcome back to The Real Estate Pros podcast, powered by Investor Fuel. I'm your host, Scott Bursey. Glad you're with us. And today, we're delighted to be joined by Anson Young, a seasoned real estate investor, agent, author, and educator based out of Denver, Colorado. With nearly two decades of experience spanning over fourteen hundred transactions, Anson is the author of the best-selling BiggerPockets book, Finding and Funding Great Deals, and the mind behind The Property Squad. Listeners, you can expect a master class today on scaling portfolios, mastering deal acquisition, and building lasting freedom in today's market. Anson, welcome to the show.

Thanks so much, Scott, for having me. Thank you.

Awesome to have you here and to help our listeners get up to speed, please give us the ninety-second highlight reel, if you will, of how your career ignited and where you're pouring your fuel now.

Sure, yeah. So I started off in the dot-com bubble, uh, way back in the day, two thousand three-ish, uh, and thought that I would probably just stick with IT 'cause I got-- I kinda landed on a good job and, uh... But like everyone else, in about two thousand four, I got laid off and, uh, and really was at a crossroads, like, "What do I do? Do I double down on IT? Do I keep going down that road or something else?" And so a couple other opportunities came my way to be able to move down to Phoenix. My brother just had their first kid, and so we wanted to be closer to family. I obviously didn't have a job at that point. I was just, uh, bartending, which was a lot of fun, but I knew I couldn't do forever. [chuckles] Honestly, probably my favorite job ever, but I knew that I couldn't be, like, fifty-five and still bartending. Um, it does take a toll on you for sure. So, um, when we went to move down there, right before we moved, a friend of mine handed me, uh, Rich Dad Poor Dad, and of the most basic origin stories, I'm just another product of that book. I probably wouldn't recommend it out now, but for a lot of us, it was a good mind, mindset shift, um, kinda pre-heyday of the internet and stuff,