Despite the rising interest rates, which are not going down soon, life must continue, and investing must go on. The demand for residence will not vanish because of economic uncertainty. Therefore as an investor, what should you do to pivot and make better decisions to stay in the game? Viktor Rybachuk joins us in this episode and spills all his secret strategies you can copy, from scaling down your team and digging deep into your pockets to having a network of trusted people across the country.
Viktor’s early plan was to be a nurse, then advance to become a doctor. But along the way, he realized that to be a doctor, you needed to make a lot of sacrifices at the workplace, and somehow he was not ready to pay the price. That is when he made a turning point. He started reaching out to find out what he could do with his life and career. The more he researched how to make money, the more real estate kept coming up. So he decided to give it a try with the wholesaling. Several deals led down the road became years, and he has grown a company with a team of about 15 people doing consistent deals every month.
In his wisdom, Viktor advises that these are not the right times to reinvent the investing wheel. It is time to go back and stick to the basics or fundamentals. These include having the right team and ensuring they are the best fit for the position they hold. Provide them with the right systems and processes and get out of the way.
Listen and learn what you need to do to continue being a successful real estate investor, even with high-interest rates.
Highlights from the Interview
