Mon, 31 October 2022
Get our wealth-building newsletter free. Text ‘GRE’ to 66866. You can help abolish the term “slumlord”. Profit by providing housing that’s clean, safe, affordable, and functional. Compared to the world, US mortgage terms are so advantageous that they almost feel illegal. I compare this with: Canada, UK, Ireland, Spain, Australia, South Korea, Germany, France, Switzerland, and Japan. Are we in a recession? There continues to be dissonance in the economy. College enrollment keeps declining. But now, 46% of parents even hope that their child does not pursue a four-year degree after high school. A woman faced with eviction released a bee swarm on law enforcement. It costs $1.7M to build a small public lavatory in San Francisco. Resources mentioned: Show Notes: $1.7M public toilet in San Francisco: https://www.theguardian.com/us-news/2022/oct/24/san-francisco-1-million-public-toilet Woman being evicted releases bee swarm: https://www.usatoday.com/story/news/nation/2022/10/20/woman-releases-bees-police-massachusetts/10549905002/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: Available Central Florida new-build income properties: Analyze your RE portfolio at (use code “GRE” for 10% off): Memphis property that cash flows from Day 1: I’d be grateful if you search “how to leave an Apple Podcasts review” and do that for the show. Best Financial Education: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram:
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Mon, 24 October 2022
In times of high inflation, don’t rents have to collapse? Tenants are getting squeezed, paying more for food, gas, medical care, and everything else. Won't rents have to fall? Will this create a crisis for landlords too? If tenants can’t pay the rent, landlords must still pay property expenses. Historically, what happens is opposite of what most think. So I explore what happened in high inflation 40+ years ago to forecast what will likely happen in the future. There are three reasons why rents soar in high inflation: 1) tenants move down a class, 2) doubling up as roommates, and 3) today’s low housing supply and high demand. Rents are up 12% year-over-year today for both SFRs and apartments. Real Estate Pays 5 Ways™, not four or six. Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Our in-house coach, Naresh, will help you. His services are free. Both urban and suburban properties are available. Urban areas often have a high Walk Score. The rent-to-price ratios in these three mid-Atlantic markets often exceed 0.9% and even 1%. Before you buy, you already have an inspection report, desktop appraisal, and placed tenant’s payment history in-hand. These rowhouses are often priced at a 20% discount. 3 bed / 1 bath is common. Resources mentioned: Show Notes: Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Rents In High Inflation: https://www.realpage.com/analytics/rents-move-high-inflation-market-look-1970s/ Current US housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: Available Central Florida new-build income properties: Analyze your RE portfolio at (use code “GRE” for 10% off): Memphis property that cash flows from Day 1: I’d be grateful if you search “how to leave an Apple Podcasts review” and do that for the show. Best Financial Education: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram:
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Mon, 17 October 2022
Are you a quitter? Today’s show can make that feel aspirational. Quit a job you hate for the work you love. Author of “The Quitter’s Manifesto” and GoBundance Founder, Tim Rhode, joins me today. For context on quitting your job, start with the I/O Quotient. The Soul Sucking Meter: Are you being paid enough? Are you respected? Are you a good cultural fit at your workplace? How does it feel when you wake up to go to work? Could you do your job for decades? I quit my job for two main reasons: 1) Try it. 2) Be irreplaceable. Tim describes that quitting your job is like catching the next trapeze. Want growth? Try something new and scary. You did this as a kid. For example, when you were 11 years old, you swam in water over your head. Take out a home equity loan before quitting your job. Put those funds into another bank. This builds your financial cushion during a lifestyle change. Resources mentioned: Show Notes: Tim Rhode’s book, The Quitter’s Manifesto: Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: Available Central Florida new-build income properties: Analyze your RE portfolio at (use code “GRE” for 10% off): Memphis property that cash flows from Day 1: I’d be grateful if you search “how to leave an Apple Podcasts review” and do that for this show. Best Financial Education: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 10 October 2022
Homebuilder confidence is low. I talk to one today. Then, learn how a home is built. Join our Jacksonville properties webinar Oct. 20th. Sign up free at: GREwebinars.com. Text “GRE” to 66866 for our free “Don’t Quit Your Daydream” e-mail letter. After discussing the best place to invest today, learn how a home is actually built. Learn how a home is built: zoning, land acquisition, permitting, engineering, drainage, clearing & grubbing, adding earth fill, soil compaction, trenching, adding sanitary systems, stormwater system, lift station, conduit, electrical, foundation, slab-on-grade, plumbing, framing, block, roof truss. Homebuilder confidence is low among those that sell to owner-occupants. That’s due to higher mortgage interest rates. Among homebuilders that sell to investors, it’s better. Why? Higher rates mean higher rents. Tenant demand for fourplexes is strong. In inflation and a possible recession, more people must live frugally. Get started with new-build Florida income property (SFR to fourplex) with today’s guest at: GREmarketplace.com/Southeast. Resources mentioned: Show Notes: Today’s guest provider offers new-build Florida property at: www.GREmarketplace.com/Southeast Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: Available Central Florida new-build income properties: Analyze your RE portfolio at (use code “GRE” for 10% off): I’d be grateful if you search “how to leave an Apple Podcasts review” and do that for this show. Best Financial Education: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram:
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Mon, 3 October 2022
You want to increase your expenses. I reiterate why. All five ways that real estate pays are rarely surging at the same time. In the past year, appreciation has slowed, cash flow rose, principal paydown slowed, tax benefits are roughly the same, and inflation-profiting rose. How do you become a “laptop landlord” and know that you’re buying a good property? I share my favorite resources for real estate due diligence (laptop landlording). They’re all in the “Resources Mentioned” below. One mistake people make is that they tend to overgeneralize. They paint an entire city one color, saying something like: “I read that Memphis has high crime.” Well, where within Memphis? You can contract with an out-of-state stranger to check out a property for you at WeGoLook.com Aundrea Newbern, COO of GRE, MBA, NAR member (the woman with all the letters behind her name) joins me. She discusses her top real estate successes and failures. We discuss floods, old cast iron pipes, partnerships, single-family vs. multifamily, LTRs vs. STRs, and the opportunity cost of waiting to buy property. At times, if third-party inspectors see an issue, they refer you to specialists like foundation or mechanical inspectors. Resources mentioned: Show Notes: Due diligence resources: ATTOM Data Solutions, Redfin, CoreLogic, Zumper, Altos Research, John Burns RE Consulting, Neighborhood Scout, Google Street View, WeGoLook.com, bls.gov, US Census, FRED, GREmarketplace.com I’d be grateful if you search “how to leave an Apple Podcasts review” and do that for this show. Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: Available Central Florida new-build income properties: Analyze your RE portfolio at (use code “GRE” for 10% off): Best Financial Education: Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
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