Get Rich Education
519 episodes - English - Latest episode: 3 months ago - ★★★★★ - 587 ratingsThis show has created more financial freedom for busy people like you than nearly any show in the world.
Wealthy people's money either starts out or ends up in real estate. But you can't lose your time.
Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself.
I'm show host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes.
I serve you ACTIONABLE content for cash flow on a platter.
Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN.
Why live below your means when you can grow your means?
Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate.
New episodes are delivered every Monday.
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Episodes
435: Big Real Estate Prediction, How to Analyze Deals
February 06, 2023 09:00 - 43 minutes - 46.2 MBLearn my new outlook for 2023 and 2024 home prices. First, I follow up on my real estate prediction of 9%-10% appreciation for last year. You learn exactly how I performed. Why aren’t real estate prices expected to rise or fall substantially in the near future? Affordability is an upside constraint to home price growth. Low supply protects against a substantial price downside. So many have wrongly predicted a recession by now. (I have never said any such thing.) The latest GDP and j...
434: Should You Invest in Detroit?
January 30, 2023 09:00 - 47 minutes - 49 MBReally… Detroit? It’s in America’s cash-flowing Midwest. But is there a stigma involved? Does it matter? In the 1950s, Detroit was the wealthiest city in the entire world, led by the manufacturing and automotive industry. But it endured a horrific economic and population downfall late last century due to aging manufacturing plants, high taxes, overregulation, poor services, corruption, and lack of public administration. Detroit even filed for bankruptcy. Between 2010 and 2020, the po...
433: Beginner’s Guide to Real Estate Investing
January 23, 2023 09:00 - 1 hour - 61 MBLearn the beginner's mistakes to avoid. Is setting up a real estate LLC even worth it? Learn how to build the right credit score for a mortgage loan, including why you actually don’t want a score over 800. If a cash flowing property is so great, why would anyone sell it to you? I outline a myriad of reasons. Should you make a lowball offer to a real estate seller? Learn negotiation techniques. Earnest money procedures are covered. The real estate buying process is slow. From the ...
432: Everyone is Secretly Moving Here, Should You Rent or Own Your Home?
January 16, 2023 09:00 - 48 minutes - 49.2 MBEveryone is moving here. Where is “here”? You get an answer that you never expected. Among those that move, it’s not for job-related reasons. It’s housing-related. The American mobility rate has declined from 20% in the middle of the last century to 8.4% today. Learn three reasons why more Americans are staying in-place. Lower domestic migration can have positive results like: less stress, more community formation, longer tenancies, and a boon for the remodeling industry. The negativ...
431: Panama Coffee Farm Investing—Struggles and Opportunities
January 09, 2023 09:00 - 46 minutes - 47.7 MBWhat happens when a real estate investment goes sideways? An international business was impacted—Panama coffee farms. The pandemic disrupted coffee supply chains and labor. Erratic weather affected crop yields. It’s been about four years since we’ve discussed this on the show. The Panamanian government shut down many businesses. There was little or no government assistance for idled workers. The co-founder explains Panama coffee problems and opportunities. Learn why the coffee...
430: The Most Important Question in the Investing World
January 02, 2023 09:00 - 38 minutes - 42 MBAnswer this one question and you won’t have money concerns for the rest of your life. The Dow Jones once fell so hard that it didn’t recover for 25 years Japan’s NIKKEI peaked in 1989 and still has not recovered. I discuss the differences between an economic recession and depression. During the 2008 housing crisis, national housing values only fell 19%. Originally, 401(k)s were called “Salary Reduction Plans”. They had to scrap the name to foster participation. Some investing qu...
429: Are Rich People Greedy?
December 26, 2022 09:00 - 40 minutes - 43.5 MBGreed is defined as an “intense and selfish desire for something, especially wealth, power, or food”. Should wealth be redistributed so that everyone is equal? “I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money.” -Thomas Sowell When I was a fresh college graduate, I resented the rich. I discuss the catharsis that made me change my mind. Our guest, Doug Casey, believes that college reinforces the wr...
428: Essentials of Real Estate Wealth-Building
December 19, 2022 09:00 - 58 minutes - 55.4 MBHigher returns and lower risk are expected with carefully-chosen real estate. Two hosts put me on the hot seat about rental property. I’m the guest. You get to listen to one of my recent interviews in the media today. Real estate deals are not as attractive today as they were 5-10 years ago. But it’s still the best place to invest your dollars today. The property is only the fourth-most important thing in real estate investing. I discuss the three bigger ones. I detail why real estat...
427: Future of Real Estate, 2 of 2: The Metaverse
December 12, 2022 09:00 - 40 minutes - 43.4 MBMetaverse real estate is virtual. Can you make money with it? First, I discuss updates to 3-D printed homes and Boxabl homes. Next, our guest, Steve Hoffman, describes that metaverse is a virtual space where you can interact with virtual objects. There is no single metaverse. There are apps in the metaverse, like Second Life and Decentraland. Learn what makes a piece of metaverse real estate valuable or worthless. You often buy NFTs on the blockchain. With Upland, you can buy NFT...
426: Future of Real Estate, 1 of 2: Homebuilding Technology
December 05, 2022 09:00 - 46 minutes - 47.4 MBAt times, 3-D printed homes, modular, and shipping container homes are not the answer for both single-family home and apartment construction. The promise of new truss and framing technology can substantially speed up conventional construction. This can solve many problems at once: housing shortage, labor shortage, and stubbornly persistent materials supply shortages. FrameTec is a technology that builds the roof truss, floor truss, and walls all in a forthcoming Arizona factory. Gues...
425: Short-Term Rental Tiny Homes
November 28, 2022 09:00 - 38 minutes - 41.5 MBGet 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...
424: Why Landlords Get Sued Today - Garrett Sutton & Ted Sutton's Father-Son Succession Plan
November 21, 2022 09:00 - 55 minutes - 53.3 MBThe 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 helpe...
423: Housing Sales Crash, Mortgage Rate Prediction with Caeli Ridge
November 14, 2022 09:00 - 42 minutes - 44.5 MBA 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 ...
422: Time vs. Money, Financial Mistakes To Avoid in Global Instability with Victor Menasce
November 07, 2022 08:00 - 41 minutes - 43.7 MBGet 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. Sho...
421: This Feels Illegal
October 31, 2022 08:00 - 42 minutes - 44.6 MBGet 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 de...
420: Crashing Rent Crisis? and Baltimore, Philadelphia, Pittsburgh Markets
October 24, 2022 08:00 - 44 minutes - 45.5 MBIn 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 ...
419: How To Quit Your Job with GoBundance Founder Tim Rhode
October 17, 2022 08:00 - 46 minutes - 47.4 MBAre 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 r...
418: How To Build A Home
October 10, 2022 08:00 - 43 minutes - 45.1 MBHomebuilder 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, a...
417: Laptop Landlords
October 03, 2022 08:00 - 38 minutes - 41.4 MBYou 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. ...
416: War Against STRs, Tenant Retention, Mortgage Lessons
September 26, 2022 08:00 - 41 minutes - 43.4 MBResidential real estate has greater usefulness and is easier to understand than: agricultural, office, retail, industrial, and warehouse real estate sectors. Tenants are staying in both SFRs and apartments longer than before. I discuss three reasons for today’s longer tenant retention trend. Higher mortgage rates correlate with higher home prices. In fact, in the nine times mortgage rates increased 1%+ since 1994, home prices rose seven of those nine. During recessions, mortgage rates ...
415: Car Wash Cashflow with Dave Zook
September 19, 2022 08:00 - 41 minutes - 43.3 MBCar washes can be remarkably lucrative. This is enhanced with a franchise model and selling subscriptions to car wash customers. “There is no other operation on a 1-acre site that can do 1 million to 2.5 million in sales and pocket half of that.” -WSJ story Like other real estate, a car wash location is vital. Much like apartment buildings, car washes are valued based on their income stream amount. You can participate yourself. Start here: https://gremarketplace.com/carwash. Must be ...
414: How To Invest Like A Billionaire (Timber)
September 12, 2022 08:00 - 41 minutes - 43.8 MBJoin me live on our St. Louis properties webinar this Wednesday at: GREwebinars.com The Fed is out to crush lingering inflation. Coming rate hikes will likely lead us into a recession, if we’re not there already. Home price gains have stalled. This is worse for sellers and better for buyers. Landlords are winning in today’s market; renters are losing. CoreLogic’s Single-Family Rent Index shows a 13.4% YOY national rent gain. Single-family rents are up $500+ over the past six years....
413: GRE Listener Grows Her Means
September 05, 2022 08:00 - 47 minutes - 47.5 MBA GRE listener since 2015, Christian Montalvo and her family are growing their real estate portfolio in the Dallas-Fort Worth area. She has been a food microbiologist. Christian works for a company that cleans food processing plants. Her husband is a W-2 employee too, a financial analyst. After being a renter for about $1,000 / month in a tiny DFW apartment, they began with buying a $200K owner-occupied duplex with a 3.5% down payment. Next, they bought a fourplex. At this point, they ...
412: Housing Crash Imminent? and 18 Life Lessons
August 29, 2022 08:00 - 34 minutes - 38.9 MB“How long are you going to wait until you demand the best from yourself?” -Epictetus I share 18 lessons with my 18-year-old self. #2 is: Don’t fear being different. That’s your advantage. #4 is: No one cares about your college grades. #14 is: Finding the truth is more important than being right. #17 is: What does life want from you? National median home prices eased from June to July—from $414K to $404K. Homebuilders are in a recession. However, available housing supply is ...
411: What Does Life Want From You? Rentflation, Housing Market Normalizes, Available Properties
August 22, 2022 08:00 - 38 minutes - 41.1 MBYou told yourself you’d change the world, then you let the world change you. Rather than asking yourself, “What do I want out of life?”, a more powerful question is: “What does life want from me?” Almost everyone wants to be “job optional”. People often use their words to denigrate the importance of money, yet their actions validate its importance. High-flying real estate appreciation rates are mostly over with. The market is normalizing. Through Q2, national median home price app...
410: Are We In A Recession? IRS Audits Increase with Tom Wheelwright
August 15, 2022 08:00 - 41 minutes - 43.7 MBIs the economy healthy or unhealthy? We’ve had two consecutive quarters of GDP contraction. High inflation and supply problems persist. On the other hand, we have a strong jobs market, low unemployment, and high rent increases. Ultimately, the NBER decides whether or not we’re in a recession. Today’s guest, Tom Wheelwright of Wealthability, tells us why he thinks we’re in a recession. I share with you the exact rent increase numbers I’ve had on my rental single-family homes. Histo...
409: Negotiate As If Your Life Depended On It with Chris Voss
August 08, 2022 08:00 - 43 minutes - 44.8 MBIs today’s housing market healthy? “Yes” for rental property owners, existing homeowners, and sellers. “No” for renters, wannabe first-time home buyers. “Unbalanced” is a better word to describe today’s housing market. I bought my first income property 20 years ago today. In negotiation, emotions trump facts. Chris Voss, former FBI hostage negotiator, joins us for real estate negotiation tips. If you need a decision from someone, get it in the morning before they have decision fat...
408: Every Investment Compared To Real Estate, Safety, Florida New-Builds
August 01, 2022 08:00 - 43 minutes - 29.6 MBWe compare the safety of all these investments: cash, savings accounts, treasuries, CDs, gold, cryptocurrency, stocks, mutual funds, ETFs, raw land, a primary residence, and income properties. Listen to a mainstream media video clip about inflation from NBC Nightly News. We get a Florida market update from GREmarketplace.com/Orlando. Overall housing supply is low. It’s even lower for entry-level properties. For renovated properties, Florida insurance premiums have risen dramatically...
407: Housing Market Debate with Kathy Fettke
July 25, 2022 08:00 - 45 minutes - 31.4 MBWhen mortgage rates rise, home builders slow down on building. This constrains supply and supports housing prices. A record share of Americans say inflation is their No. 1 concern. The CPI is 9.1%. Property operating expenses are rising with inflation, like insurance and property tax. What helps you pay for it? Rising rent. Philosophically, why should you raise the rent on your tenants? Besides adjusting it to the market amount, you took time learning, you built your credit, you acc...
406: How The Rich Pay Zero Tax with Tom Wheelwright
July 18, 2022 08:00 - 42 minutes - 29.5 MBNational home prices are up 275% since 1991. I break it down state-by-state for you. Slowest? Connecticut with 137%. Fastest? Utah with 599%. Two misleading RE statistics are: real estate sales volume, home price cuts. I tell you where I’m spending my summer. Next, Tom Wheelwright joins us. He authored the new book, “The Win-Win Wealth Strategy”. He tells us about the 7 investments that the government will pay you to make. You don’t pay up to 12.3% Social Security Tax on rental in...
405: Fixed 12% Income Returns through Real Estate Funds with Dani Lynn Robison
July 11, 2022 08:00 - 36 minutes - 40.1 MBReal estate funds invest in multiple properties. Real estate syndications often invest in just one property. “What is the worst deal that you’ve ever done?” Ask your fund provider that question. I’m willing to share that I invest my personal real estate fund dollars with Flip & Dani Lynn Robison of Freedom Capital Investments. Fund pros: More passive than turnkey, stable returns. Fund cons: Vet your operator. Learn more or get started at: GREmarketplace.com/funds There are sh...
404: Financial Independence Day
July 04, 2022 08:00 - 42 minutes - 44 MBYour Financial Independence Day happens when your residual income stream amount exceeds your basic monthly expenses. Rental demand is high for three big reasons: rates are rising, stringent mortgage qualification standards, housing undersupply. I answer three listener questions: Should I make a big down payment? Is borrowing at lower than inflation profitable? What about prepayment penalties? Ridge Lending Group President Caeli Ridge joins us to discuss today’s mortgage lending lands...
403: How To Build Your Personal Brand with Steve Sims
June 27, 2022 08:00 - 43 minutes - 44.3 MB“You DO care about what others think of you. That’s your reputation.” -Keith Weinhold People care about your brand when you create value for them. Next, you must reach people. A construction worker in London decided that he wasn’t where he was meant to be in life. He’s our guest, Steve D. Sims. He started asking others why they were wealthy but he wasn’t. A personal branding expert, Steve tells us why the right brand for you is the “authentic you”. When you meet someone, ask them a...
402: Rents Surging Faster Than Home Prices, Inflation & Interest Rates Soar, Investor Resources
June 20, 2022 08:00 - 42 minutes - 43.9 MBFor many, it’s become a scary world with $5-$6 gas, soaring food prices, spiking rents, the medical system is still a mess, and wages aren’t keeping up with inflation. Inflation is at a 40-year high of 8.6%. The Fed raised rates ¾%, the biggest jump in 28 years. For every $1M in real estate debt that you have, you’re benefiting $86,000 each year due to your debt debasement. Affordability has become so bad for wannabe first-time home buyers that increasingly, they’re becoming your rente...
401: A Greater Depression Is Ahead with Doug Casey
June 13, 2022 08:00 - 49 minutes - 48.3 MBThe housing market has calmed, but it’s still strong. The homeownership rate of 65% is poised to fall these next few years. People must live somewhere. This should make for more renters. Mortgage delinquencies have fallen for seven straight quarters. The forbearance program kept people in their homes. “The Great Reshuffling” describes the US housing market since 2020. Inflation flips money upside-down. Focus on prudent borrowing, not saving. International Man Doug Casey joins us. He ...
400: How To Be A Person Of Value & Build Relationships with Hal Elrod
June 06, 2022 08:00 - 47 minutes - 47.5 MBYou often relate to other people when you show yourself as vulnerable and fallible. In many contexts, this is even better than acting professionally. Today’s guest, “Miracle Morning” author Hal Elrod, tells us that people spend too much effort trying to impress others. When you give the most, it’s liberating. “You SHOULD care about what others think of you. That’s your reputation.” -Keith Weinhold Once, Hal e-mailed friends, ex-girlfriends and colleagues to seek criticism about himse...
399: Why Stocks Don't Create Wealth, STRs, Build-To-Rent
May 30, 2022 08:00 - 50 minutes - 49 MBHave you ever met anyone that created wealth with stocks? I haven’t. Why not? Inflation, emotion, taxes, fees and volatility are the reasons. I break this down. The Rule of 72 is what traditional advisers cite as a wealth-builder. I describe why this does not work. Learn why returns from stock and mutual funds are often less than zero. What really creates wealth? Leverage. Learn trade-offs between long-term rentals and short-term rentals. Zach Lemaster joins us. A licensed optom...
398: Recession Fears, Fate Of The Housing Market, What Really Matters
May 23, 2022 08:00 - 38 minutes - 40.8 MBAre “coffin homes” coming to the United States? This is concerning. Housing is so expensive that people live in cocoons. A new Biden plan makes efforts to increase American housing supply. Finally! We need help on the supply side, not the demand side. I explore recession prospects with you. During 7 of America’s 8 recessions (over the last sixty years), home prices only fell once. What Really Matters: “If you had invested $1,000 in JP Morgan in 1882, you’d be dead today.” You ca...
397: Mortgage Rate Shock with Caeli Ridge
May 16, 2022 08:00 - 41 minutes - 42.7 MBWill you be banned as a real estate investor? Some jurisdictions consider adopting this stance to keep soaring prices in check. Some workers cannot afford to return to the office. If they leave home, they would have new expenses for gasoline, meals, parking and the big one—child care. Of the “5 Ways Real Estate Pays”, historically: three are now high, one is low, and one is the same. Caeli Ridge joins us. She’s the President of Ridge Lending Group. They specialize in income property loan...
396: How Blockchain Will Disrupt Real Estate with Neal Bawa
May 09, 2022 08:00 - 38 minutes - 40.8 MBThe mad scientist of multifamily is here today. Neal Bawa is a data scientist. He keeps emotion out of real estate for investors in his $947M portfolio. He believes that higher mortgage interest rates are a smaller obstacle than the Fed’s currency creation and destruction. He says: “Accept the risk.” We discuss investor confirmation bias. Neal thinks American cash flow will keep diminishing. Of all emerging trends, Neal believes that the work from home trend is among the most subs...
395: Rents Are Skyrocketing—Here’s Why
May 02, 2022 08:00 - 42 minutes - 43.5 MBRents are spiking 13-15% annually in America today. When they rise, they rarely ever fall again. This is why rent amounts are called “sticky”. Learn why. Even when I was a landlord during the GFC fifteen years ago, my rents didn’t fall. Rents are skyrocketing due to: Low housing supply Higher prices Higher interest rates Demographics. 25-34 year-olds are in prime household formation years. They want their own place. This is America's most populous age cohort. Next, I talk with an A...
394: Are We In A Housing Bubble?
April 25, 2022 08:00 - 48 minutes - 47.4 MBThe housing crash is 100% certain. That’s because it’s a supply crash, not a price crash. I define a price crash as a loss in valuation of 20% or more. Here are the bubble factors that I consider in today’s show: Price, inflation-adjusted price, interest rates, affordability, bond yields, personal incomes, foreign buyers, equity position, housing supply and more. From 2018 to 2022, I tell you about my recent housing forecast history. Redfin shows us signs of a housing market slowdow...
393: Real Estate's Undiscovered Niche
April 18, 2022 08:00 - 43 minutes - 44.2 MBOne niche that people are passionate about is investing in self-storage facilities (SSF). SSFs are recession-resilient and there’s less to maintain. Your “tenants” are often cardboard boxes, not humans. This makes it easy to manage. Tenants often expect to stay for 6 months, but stay for 3 years. A 10 x 10 storage space might rent for $200. You could increase the rent by 10% to $220. They won’t move out due to a $20 increase, but you got a 10% rent hike across all your units. The bes...
392: Why Home Prices Are Soaring, Interest-Only Loans, Should You Buy Now? Meet Naresh Vissa
April 11, 2022 08:00 - 48 minutes - 47.4 MBWhy are home prices surging? I’ve got 10 big reasons and break down every one. Some reasons are not obvious. America’s residential loan-to-value ratio is just 31%. Interest-only loans are my favorite loan type. You don’t need to make any principal payments. Most people think interest-only loans awful. I explain why they’re often so advantageous. You meet GRE’s Investment Counselor, Naresh Vissa. For off market property, e-mail him at [email protected]. Naresh’s service ...
391: Recession Warning, Uncertainty, and Destroying Wealth with Richard Duncan
April 04, 2022 08:00 - 49 minutes - 48.2 MBUncertainty is high. Inflation is spiking, supply chains are unreliable, and COVID keeps hanging around. Russia’s invasion of Ukraine threatens to make inflation and supply chain reliability worse. Amidst this backdrop, today’s guest, Richard Duncan, discusses prospects for a US recession. Richard reiterates that the US needs credit growth of at least 2% annually (inflation-adjusted) to avoid a recession. In a recession, nearly every asset class would be affected. The wealth-to-inco...
390: Inflation, Florida Short-Term and Long-Term Income Property
March 28, 2022 08:00 - 43 minutes - 44.3 MBNow you have to earn your money twice. The first time is when you work for it, the second time is when you must invest it to beat inflation. My explainer on why higher interest rates slow inflation. “Inflation is legalized counterfeiting. Counterfeiting is criminalized inflation.” -Robert Breedlove When wages don’t keep pace with inflation, I explain why it destroys families. We compare short-term (STR) and long-term rental (LTR) property in southwest Florida. Get started with buying pro...
389: Real Estate at Bitcoin Beach
March 21, 2022 08:00 - 39 minutes - 41.1 MBBitcoin Beach is a real world place. It’s in the tropics and has zero property tax. It’s on the Pacific Ocean. It reminds many of coastal California, but without the sky-high prices. Both bitcoin and the US dollar are legal tender here. Unlike the US, there is zero capital gains tax on bitcoin. A beautiful 40-acre property is being developed on a hill overlooking Bitcoin Beach. Besides luxury homes, condos, and tiny homes, the property plan includes Pacific views from every unit. Ho...
388: Conflict: Free Market vs. Government
March 14, 2022 09:00 - 41 minutes - 42.3 MBToday’s high inflation rate is poised to go higher. The latest CPI was up 7.9%. Home prices hit an all time high of $364,000 per Redfin, up 16% annually. Safety factors, building restrictions and the environmental movement all contribute to higher home prices and more homelessness. Larry Reed, the longtime former President of FEE - the Foundation for Economic Education - joins us. He believes that free market principles incentive the best of human behavior - prudent risk-taking, hard...
387: How To Make Millions With 1031 Exchanges
March 07, 2022 09:00 - 39 minutes - 41 MBThe greatest tax gift that your government gives real estate investors could be the 1031 Like Kind Exchange. This allows you to defer your capital gains tax and depreciation recapture. There is no limit to the number of times that you can do this during your lifetime. You can make millions more with 1031 Exchanges. But there are some specific rules to follow, like the 45-day identification period and 180-day timeframe in which to close upon replacement property. You must use a Qualified ...
386: Today’s Mortgage Lending Landscape with Caeli Ridge
February 28, 2022 09:00 - 38 minutes - 40.7 MBResidential and warehouse real estate have been two hot sectors. With spiking house prices, investors are pushing out first-time home buyers. This increases the size of the renter pool. Historically, when mortgage rates rise, so do home prices. It’s the opposite of what most people think. For income property loans, get started at: RidgeLendingGroup.com Learn what it takes to qualify for a conventional loan on investment property: down payment, credit score, debt-to-income ratio, etc....