Mon, 28 November 2022
Get an update on how the work-from-home trend is good for residential RE and bad for office RE. Office space values are down 17.5% from their recent peak. Americans must now earn at least $107,281 to afford the monthly mortgage payment on a median-priced home. The NAR expects 10% home price appreciation this year, 1% in 2023, and 5% in 2024. The tiny home movement is both architectural and structural. It’s defined as a home of 400 sf or less. Tiny homes are hard to find. In the US today, just 0.3% of listed homes are tiny homes. You can own a new-build tropical tiny home near the beach in Nicaragua for under $200K. Our own COO, Aundrea, bought one. She tells us about it. It’s on Nicaragua’s west coast. It’s not just an isolated tiny home experience. There’s a community with a: restaurant, bar, bird watching area, butterfly garden, viewing tower, yoga area, and communal garden. Often, loans aren’t available for foreigners. Here, you can get 50% or 80% loans. You can live in this tropical tiny home year-round, or keep it as a short-term rental. The provider can manage your rental. Resources mentioned: Show Notes: Get started with tropical tiny homes at: 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: 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 this for the show. Best Financial Education: Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 21 November 2022
The ideal inflation rate is zero just like the ideal theft rate is zero. When lower inflation (7.7%) was recently reported, mortgage rates experienced a record daily drop. I detail the implosion of crypto exchange, FTX. It was a Ponzi scheme. 2022 is the 2008 of crypto. Garrett Sutton and his son, Ted Sutton, announce the father-son succession plan. They are attorneys that help protect your real estate from lawsuits at Corporate Direct. Ted’s experience at a Chilean copper mine helped make him pivot from a mining engineering track and into law. RE investors have three main lines of defense: 1) Ethical operations. 2) Insurance. 3) LLC. Learn how to properly form and maintain an LLC. Don’t try to win a lawsuit. Avoid it in the first place. Learn why landlords get sued today. Corporate Direct provides free 15-minute consultations. Resources mentioned: Show Notes: Corporate Direct protects your biz & real estate from lawsuits: Garrett Sutton’s newest book: 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: 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 this for the show. Best Financial Education: Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 14 November 2022
A housing crash is upon us. But it may not be the kind of crash that you think. I explain what this sales crash means to the future of the housing market. Caeli Ridge, President of Ridge Lending Group joins us. She gives an exact prediction about where and when mortgage interest rates will peak. 37% of homeowners have no mortgage at all. Among those with a mortgage, 85% have an interest rate under 5% per Redfin. They don’t want to sell and give up their rate, constraining supply. It’s a nationwide lock-in effect. A housing PRICE crash is not expected. Existing homeowners can afford their mortgages and have record equity. This is reflected in the low delinquency rate. The average age of first-time home buyers hit a record 36. Caeli Ridge tells you how to get a lower mortgage interest rate with different loan types. Investors keep their loan an average of 5-6 years. Ridge offers mortgage loans specifically for investors: plain fixed rates, non-recourse, DSCR, asset depletion, bridge loans, commercial loans, cross-collateralization of residential properties, and the All-In-One Loan which operates like a first lien HELOC. See how much interest you save with the All-In-One Loan interactive simulator here: https://ridgelendinggroup.com/aio-loans/ Caeli sees lots of appraisals. They’ve all been coming in “on-value”. When it comes to higher mortgage rates, get used to it. The long-term average is 7.7%. Ridge Lending is where I get loans for my own properties. You can use them too. Start at RidgeLendingGroup.com or (855) 747-4343. Resources mentioned: Show Notes: 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 wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: Follow us on Instagram: Keith’s personal Instagram: |
Mon, 7 November 2022
Get our wealth-building newsletter free—text ‘GRE’ to 66866. Money is an abundant resource, not a scarce one. If you believe that money is so scarce that it’s more valuable than time, I provide the solution to that quandary today. Today’s guest, Victor Menasce, believes that today’s macroeconomic environment dominates local stories. We discuss how to navigate today’s higher mortgage interest rate environment. Banks could be on the brink of a concerning liquidity crisis today. Should central banks set interest rates or can free markets perform that role better? Learn what financial actions you can take in this era of global instability. Resources mentioned: Show Notes: 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. Listen to Victor’s Real Estate Espresso podcast. 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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