Todd PolkeInvestment Strategist l Wealth Coach l Speaker, Todd Polke · Investment Strategist l Helping Investors and Business Owners grow their Wealth Faster

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10 Sept 2024 · 1 min

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In this short video, the speaker warns that mortgage servicing has become extremely difficult and is unlikely to improve. He explains that the era when investors could easily purchase multiple properties (5‑10) is over, a shift that began about 15 years ago and will not reverse even if interest rates fall. The only way to continue acquiring properties now is to have a substantial income or to use alternative lending strategies, of which many options exist.

Servicing is a really difficult situation right now and let me tell you, it's not gonna get any easier. It's gonna stay really, really difficult. The finance world is not set up to allow people to buy 5 or 7 or 10 properties anymore. That was 15 years ago. Those days are done, they're dusted, right? No matter if interest rates come down, they're done, they're dusted. That's not gonna be happening in general anymore unless you're earning a substantial level of income or you can access some alternate lending strategies and there's a bunch of those around.