Get Rich Education

Joe Biden’s economic plan for real estate investors is detailed.

Expect: higher income tax, extended eviction & foreclosure moratoriums, $15 minimum wage, $15K first-time homebuyer tax credit, more stimulus checks.

Can landlords still evict tenants for non-payment of rent? Yes. I explain how.  

With all this money printing, I expect inflation to stay low due to low velocity.

Ken McElroy joins me again today. He’s the Rich Dad real estate advisor.

Migration patterns per U-Haul favor these top 5 states: TN, TX, FL, OH, AZ. #1 for out-migration last year was CA.

72% of people move within the same state, per Ken.

Today’s tenant trends: Larger units, security gates, pets, outdoor lighting, small yards, remote rent collection. Proximity to central business districts is less important. Pets attract seniors.

Ken has increased income by embracing pets, and reduced expenses by requiring that tenants have Renters Insurance.

Learn about how he handled recessionary apartment income disruptions for his investors.

Resources mentioned:

See Ken McElroy’s predictions video:

www.KenMcElroy.com/GetRichEducation

Show Notes:

www.GetRichEducation.com/329

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Get our free “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode329_.mp3
Category:general -- posted at: 4:00am EDT

My housing prediction for the next few years is revealed at the beginning of the show.

Learn why higher interest rates mean less housing supply. 

Learn how to buy new construction income properties as inexpensively as $169K at: www.getricheducation.com/southeast

Last year: Real estate was up 11%, mortgage rates fell from 3.72% down to 2.67%, inflation fell from 2.5% to 1.4%, S&P 500 up 16%, dollar weakened, bitcoin surged 400%+, gold & silver had their best years since 2010, oil down 21%. 

“Build-To-Rent” (B2R) means that properties are constructed with tenant-occupants, not owner-occupants. 

Durable finishes are used, like cement hardie board, vinyl plank flooring, and granite countertops.

B2R single-family homes as low as $169K (new construction). Duplexes, triplexes, and fourplexes are also offered in Florida and Georgia at: www.getricheducation.com/southeast

Tenants in these B2R properties often have incomes of $100K+.

Today’s renters want a yard, even if it’s small. They don’t want a fireplace. With remote working trends, proximity to an urban area is now less important.

Resources mentioned:

Build-To-Rent FL & GA property:

www.GetRichEducation.com/Southeast

Show Notes:

www.GetRichEducation.com/328

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Get our free “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Chris Voss on Masterclass:

www.Masterclass.com

Direct download: GREepisode328_.mp3
Category:general -- posted at: 4:00am EDT

Has “debt-free” now become a poverty marker?

Debt is good when: 1) The interest rate is lower than inflation, and 2) When tenants pay your debt for you.

Get our free “Don’t Quit Your Daydream” Letter at: www.getricheducation.com/letter

Home equity is: unsafe, illiquid, and its rate of return is always zero.

If you pay an extra $100 toward your mortgage principal, you just converted your cash flow to equity. That’s the opposite of financial freedom.

Learn myriad reasons for removing equity from property: a litigious society, natural disasters, job loss, and more.

Paying down your low interest rate debt won’t create wealth. But using debt to create residual income streams can.

More equity = more risk.

Why would you even want to be debt-free?

Resources mentioned:

Show Notes:

www.GetRichEducation.com/327

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Get our free “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode327_b.mp3
Category:general -- posted at: 4:00am EDT

The largest building you can buy with the best loan terms is a residential four-unit building.

Noticing high fourplex demand years ago, one savvy developer has been successfully providing new build-to-rent fourplex communities in the U.S. Intermountain West.

Get the report and connect with the provider at: www.getricheducation.com/fourplex

These often have a price point of $750K or more, and require a 25% down payment. You’re rewarded with Fannie / Freddie 30-year loans at low interest rates.

High-growth Utah, Idaho, and Arizona markets are served with these new construction fourplexes.  

Learn how a developer selects land tracts at the edge of metro areas.

I use what is considered a profane term in the industry.

Resources mentioned:

New Build-To-Rent Fourplexes:

www.GetRichEducation.com/Fourplex

Show Notes:

www.GetRichEducation.com/326

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Get our free “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode326_.mp3
Category:general -- posted at: 4:00am EDT

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