Get Rich Education

Three reasons NOT to buy income property: 1) It is illiquid. 2) Speculative mania without cash flow. 3) You want zero involvement.

With that understanding, direct ownership of rental real estate still has the best risk-adjusted return today.

President Biden wants to keep people in their homes. He doesn’t want residents removed from their homes under his watch - both homeowners and renters.

Higher mortgage interest rates lead to both higher prices and lower supply. This is counterintuitive to many. I explain why. 

The last six times that interest rates rose in America, housing prices rose too.

I read the menu prices from McDonald’s restaurant in 1974. It makes inflation’s effect apparent.

Then Ken McElroy joins me. Together we discuss how inflation affects consumers and real estate investors from an in-person video at his Scottsdale, AZ office.

Ken reminds us how high inflation can go. It was 15% for a time in the 1980s.

Resources mentioned:

KenMcElroy.com

Show Notes:

www.GetRichEducation.com/342

Get mortgage loans for investment property:

RidgeLendingGroup.com

New Construction Turnkey Property:

CashFlowAndGrowth.com

Ali Boone’s Recommended Book:

https://amzn.to/2NsMVlF

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.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “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: GREepisode342_.mp3
Category:general -- posted at: 4:00am EDT

These homes are tiny, eco-friendly, and affordable, with the option of having smart home technology.

Panama has friendly people, safety, a low crime rate, and robust economy.

Organic food is grown on-site, recycled graywater waters your garden, there are community orchards, hiking trails, a yoga area, bird-watching stations, pool, river, and a sense of community. 

This tiny home community in the highlands often experiences temperatures in the 70s and 80s fahrenheit. It is a lush greenscape, not close to the beaches.

These tiny homes have 300 - 600 sf of interior space. 

Rachel Jensen joins us to tell us more. Only a few tiny homes are available now at: www.getricheducation.com/tinyhomes

Foreign owners can get full title to their property.

You can earn rental income from your tiny home, with in-house property management. 

You can fund your property via: all-cash, 50% loans, 80% loans, IRAs, gold, or cryptocurrency. Property prices start at $119K.

Second residency in Panama is an option for property owners. The next property tour is June 23rd - 27th, 2021. 

Learn more and get the report at: www.getricheducation.com/tinyhomes

Resources mentioned:

Panama Tropical Tiny Homes:

www.GetRichEducation.com/TinyHomes

Show Notes:

www.GetRichEducation.com/341

Get mortgage loans for investment property:

RidgeLendingGroup.com

New Construction Turnkey Property:

CashFlowAndGrowth.com

Ali Boone’s Recommended Book:

https://amzn.to/2NsMVlF

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.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “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: GREepisode341b_.mp3
Category:general -- posted at: 4:00am EDT

Your home is a liability, not an asset.

That’s according to Robert Kiyosaki. This is because your home takes money out of your pocket every month. An asset puts money into your pocket. 

Today’s guest, author and economist Daniel Amerman, has a different perspective. 

He states that forces like inflation and a mortgage (leverage) make your primary residence a strong investment vehicle.

Daniel’s research shows that historically, homeowners nearly double their equity in three years, triple it in seven years, and quadruple it in ten years (80% LTV loan).

We discuss whether home price increases are derived from appreciation or inflation.

First, I remind you why financially-free beats debt-free. Convert equity to cash flow. Extra mortgage principal paydown does the opposite - it converts cash flow to equity.

Classically, on a balance sheet, your home is an asset.

Remember that a homeowner’s return is not generated from equity. It is generated from the local housing market.

Hear my rant about how carpet beats hardwood floors.

Resources mentioned:

Daniel Amerman’s website:

www.DanielAmerman.com

Show Notes:

www.GetRichEducation.com/340

Get mortgage loans for investment property:

RidgeLendingGroup.com

New Construction Turnkey Property:

CashFlowAndGrowth.com

Ali Boone’s Recommended Book:

https://amzn.to/2NsMVlF

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.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “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: GREepisode340_.mp3
Category:general -- posted at: 4:00am EDT

Learn how to bring as little money as possible to the property closing table. 

Ridge Lending Group President Caeli Ridge tells us how to do this. She also predicts the future interest rate direction.

Mortgage interest rates hit all-time lows three months ago. Freddie Mac has tracked rates since 1971.

The 30-year fixed rate mortgage debuted in America in 1948. It’s an incredible tool that few, if any, other world nations have.

Before this, it took a 50% down payment and refinancing every 3-5 years.

Mortgage rates have been falling for 700 years! From the year 1311, we look at interest rate history in the French Crown, Spanish Crown, Italian merchants in Milan, Genoa.

The latest marker of today’s low housing supply is the fact that there are currently more real estate agents than available homes.

Is rush hour traffic a thing of the past? We explore this.

Caeli Ridge helps us understand the ominous new 7% Fannie Mae funding limit on single-family mortgages on second homes and investment properties. Result = higher loan prices.

Does it make sense to pay discount points at the closing table? Discount points are like prepaid interest. We explore pros and cons.

Often, a seller can pay up to 2% of your purchase closing costs.

Caeli predicts the future direction of interest rates. I’m refinancing properties with Ridge myself right now. Start at: www.RidgeLendingGroup.com

Resources mentioned:

Get mortgage loans for investment property:

RidgeLendingGroup.com

Show Notes:

www.GetRichEducation.com/339

Early 1900s Mortgage Rate Charts:

https://www.thetruthaboutmortgage.com/check-out-these-mortgage-rate-charts-from-the-early-1900s/

Interest Rates Have Been Falling For 700 Years:

https://www.visualcapitalist.com/700-year-decline-of-interest-rates/

There Are More RE Agents Than Homes For Sale:

https://www.wsj.com/articles/new-realtors-pile-into-hot-housing-market-most-find-it-tough-going-11616328002

New Construction Turnkey Property:

CashFlowAndGrowth.com

Ali Boone’s Recommended Book:

https://amzn.to/2NsMVlF

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.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “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: GREepisode339_.mp3
Category:general -- posted at: 4:00am EDT

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