Mon, 31 May 2021
Will the rise of 3-D printed homes make housing construction so cheap that values of all existing homes will depreciate? I explore this with you. It’s the third installment of our 3-part housing supply crisis series. 3-D printing uses lots of concrete. It is the world’s most popular building material. No matter how one builds, there are still costs of: labor, land, materials, design & planning, architecture & engineering, site work & drainage, and regulation. A recent NAHB study shows that the regulatory cost of building a new single-family home is a staggering $94,000. Resources mentioned: Show Notes: $94K Regulatory Cost To Build A New Home: https://www.nahb.org/news-and-economics/industry-news/press-releases/2021/05/regulatory-costs-add-a-whopping-93870-to-new-home-prices Get mortgage loans for investment property: JWB’s available Florida income property: Ali Boone’s Recommended Book: EQRPs: text “EQRP” in ALL CAPS to 72000 or: 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: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 24 May 2021
What one thing could crash the housing market … even more than expiring forbearance? It’s something that NO ONE is talking about. Is the economy REALLY coming back? Where is inflation headed? Hyperinflation & real estate is discussed. I tell you what surprising investment I personally made last month. Then, what’s an important part of your investor mindset that you probably haven’t thought about before? Through Q3 of last year, homeowners have an all-time inflation-adjusted high of $257K in equity. Some NYC mayoral candidates have embarrassing perceptions of Brooklyn housing costs. Aundrea Newbern from GRE Operations & I review a book we like: “NOT Your How-To Guide To Real Estate Investing” by Ali Boone. My new 5-part Video Course on the “5 Ways Real Estate Pays” is free and open to all. Go to “Get Rich Education” YouTube now. Resources mentioned: Show Notes: Get mortgage loans for investment property: JWB’s available Florida income property: Ali Boone’s Recommended Book: EQRPs: text “EQRP” in ALL CAPS to 72000 or: 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: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 17 May 2021
A shipping container costs less than $5,000. Why doesn’t America build more housing with them? Gregg Cohen of JWB Real Estate Capital in Jacksonville, FL reveals how their 18-unit shipping container apartment complex created financial loss. The shipping container apartments are 320 square feet each. Learn about: what a vertically integrated company is, build-to-rent homes, turnkey real estate, the pros and cons of shipping container housing, permitting, and zoning constraints. Making shipping containers livable adds expense: windows, heating, cooling, electricity, water, ventilation and fire safety. JWB blew their budget! $1.3M budget vs. $2M reality. Gregg estimates that shipping container building costs them 20-30% more than conventional wood frame construction. Their non-pandemic rent collection = 98.5% In-pandemic rent collection worst = 97% 2020 rent collection total = 98% JWB has available inventory of Jacksonville income property now - during the housing supply crisis. How can they do that? He tells us. If you seek more income property, start at: www.CashFlowAndGrowth.com or phone (904) 677-6777. Resources mentioned: Show Notes: JWB’s available Florida income property: JWB’s Facebook Group: Get mortgage loans for investment property: Ali Boone’s Recommended Book: EQRPs: text “EQRP” in ALL CAPS to 72000 or: 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: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 10 May 2021
Kristin B. Tate (FOX News, CNN, MSNBC) joins me to discuss Biden tax and housing policies, inflation, and investing. President Joseph R. Biden, Jr.’s bill to create a $15,000 first-time homebuyer tax credit is wrong. It helps the demand side. America needs help on the supply side. I give ideas. Biden wants to severely limit the 1031 Tax-Deferred Exchange for real estate investors. Only your first $500K of gains would be exempt from capital gains tax. This would cause a rush of sales in the real estate market. It would also hurt long-term liquidity for larger apartment buildings. Zumper’s National Rent Report shows substantial rent increases in many Midwest and South real estate markets. I detail them. Next, Kristin B. Tate tells us why printing trillions of dollars means that investors should get out of the dollar. We discuss Joe Biden’s proposed increases to both income tax and capital gains tax. Kristin favors buying real estate assets to hedge against inflation: real estate, physical gold & silver, and cryptocurrency. Resources mentioned: Kristin B. Tate on Twitter: Kristin B. Tate’s website & books: Show Notes: Zumper National Rent Report: https://www.zumper.com/blog/rental-price-data/ Get mortgage loans for investment property: New Construction Turnkey Property: Ali Boone’s Recommended Book: EQRPs: text “EQRP” in ALL CAPS to 72000 or: 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: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 3 May 2021
Today, available homes are as scarce as a rare earth mineral. Under 500K homes are available for sale today, well below the historic 1M-1.5M at any given time Source: Federal Reserve. High demand exists independent of low inventory. Developers and homebuilders need years to help us build our way out. The development team of Rob Fuller and Jared Garfield tell us how today’s developers cope with the rising cost and unpredictable supply of: copper, lumber, PVC and other building materials. Their project in Colorado Springs, CO is in the path of progress. In 2019, U.S. News & World Report named the area the #1 Economy In America. The Denver Post stated that by 2050, Colorado Springs will be larger than Denver. (Wow) The project is 800 acres of higher-end homes on 2.5-acre lots. Homes start in the high $600Ks. That does not work for cash flow via direct ownership. This is not “spec building”. Homeowners have already funded with non-refundable earnest money. You can project a construction loan to the project yourself. Cash-on-cash returns are 9% to 15%, depending on the investment amount. $100K minimum. Learn more about this project at www.GetRichEducation.com/ColoradoSprings. Investors have substantial guarantees and financial buffers. This is an A+ real estate asset class. You can view weekly project drone footage. On-site visits are available. I might attend one where you could meet me in-person in Colorado Springs. Resources mentioned: Private Lending in the Path Of Progress: GetRichEducation.com/ColoradoSprings U.S. Active Home Listing Count: https://fred.stlouisfed.org/series/ACTLISCOUUS Show Notes: Get mortgage loans for investment property: New Construction Turnkey Property: Ali Boone’s Recommended Book: EQRPs: text “EQRP” in ALL CAPS to 72000 or: 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: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
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