Homes with many small bedrooms are hotly desired today.
Why? In an economic rough patch, people need roommates. Secondly, home offices are more popular than ever.
Residents increasingly want yards today too. Gardening is popular as a hedge against disruptions in the food supply chain.
This all makes single-family homes more popular than apartments.
*The entire episode transcript is below.*
The debt-to-income ratio requirement is po...
Turnkey RE providers must acquire distressed property at a discount in order to stay in business.
We go behind-the-scenes and see how these companies really operate.
They take risks, maintain relationships with myriad parties, coordinate contractors, bear holding costs, buy & store materials, screen & place tenants, and operate a management division.
It’s a ton of work that investors can outsource to turnkey providers. They...
Learn how to “get rich for sure” versus “get rich quick”.
You must diverge from the herd to get more out of life.
Today’s guest, 24-year-old Hayden Crabtree, found that he owned more property than his college real estate professor.
After college, he worked to learn rather than earn. He worked for free for over a year! That’s how he attracted a real estate mentor - by providing immediate free value, not “taking”.
Hayden also value...
Pros and cons of getting paid a permanent government housing subsidy are explored.
But first, I discuss your future in light of the current pandemic crisis - housing supply, 2020 vs. 2008 recession differences, economic “vaccine”, current 13.3% unemployment rate.
“Section 8” is the primary federal government program that subsidizes three groups: low income, elderly, and disabled. It is HUD-sponsored.
Cons: Tenant screening is vital...
College real estate is in deep trouble.
Commercial leases of all types are in trouble because they often have 10-year terms. Who wants to make 10-year decisions today?
Residential B and C-class SFHs up to four-plexes in the suburbs make a lot of sense today.
We’ve had 33 recessions since 1860. They’re common.
Mortgage rates hit all-time lows again, forbearance loosens, and entry-level housing supply is tight.
Fed Chair Jerome Po...
Making a lasting impact is rare. Get comfortable with being uncomfortable.
You get more focus time by opting-out of life's needless direct message notifications.
You get more cash flow by minimizing the amount of real estate principal that you pay down.
The author of the popular new book, The Wealthy Gardener, John Soforic joins us. It is about lessons for prosperity between father and son. The book could make a great Father...
Deflation is occurring before long-term inflation is expected.
When people stop buying things, manufacturers can’t charge enough, so they stop making products. This results in more layoffs.
Our national debt is $26 trillion. It’s doubtful that it will ever be repaid. This is why The Fed must inflate.
MidSouthHomeBuyers.com has provided our listeners with more cash-flowing property than anyone.
They’ve renovated 2,600+ homes i...
You really can gain intelligence in order to achieve wealth and success. Guest John Assaraf guides us in learning how.
John is an expert in helping people achieve more. He grew RE/Max of Indiana to nearly $5 billion in sales.
Success often comes from making “non-conforming” choices.
I give you three examples of my own non-conforming decisions: moving from PA to AK, buying a four-plex, and even launching this show.
“We must all suff...
Learn the history of interest rates, 1971-2020. Mortgage rates just hit all-time lows.
Tenants are generally reliably paying the rent during the pandemic. Why? Government pays their income; expenses are lower because they can’t travel anywhere to spend. They have more to spend on the rent.
Unnecessary businesses are collapsing: spas, salons, theatres.
More than half of mall department stores could be closed by next year, like Mac...
Can you count on rent collection in the pandemic?
Could home prices drop?
Is it better to buy property today, or say, six months from now?
If you think that the pandemic will drag on for years and badly affect the economy, stay on the sidelines.
Most think it'll bounce back this summer.
I talk with guest Gregg Cohen, who helps manage 3,500 rental units in Jacksonville, FL for insight.
Forbearance stabilizes housing values. With...
You can postpone mortgage payments with forbearance.
If you collect rent payments from your tenants, can you pocket it all and not pay your mortgage? What a windfall!
(Complete episode transcript is below. Read along as you listen.)
In crisis times, your cash flow is your cushion.
Last year, the publication “Emerging Trends In Real Estate” forecast that the chances of a pandemic roiling the economy were low.
The CARES Act’s effect...
Real estate investors should know something about Florida. Why? Migration.
Navigating today’s property market takes more care than it did last year due to the pandemic.
Primary residence buyers are being shut out. Investment property buyers are better off because “wannabe” homeowners must become renters due to higher mortgage qualification standards.
To profit today, focus on your tenants income source and positive migration trends...
You get a clear answer to that question from both me and the Chief Economist of the oldest investment firm of its type in America, as he joins me today.
Recession and depression differences are defined.
Learn what created the 1930s Great Depression and 2000s Great Recession.
You’re now living in what I call: “The Great Shutdown Of 2020”, induced by the coronavirus. This is an economic crisis on top of a health crisis on top of an ...
It grows through recessions. No tenants. No loans.
Own trees and the land beneath it, titled how you choose.
Experience growth in both the timber size, and often, value of your investment.
A long-revered timber type is teak. Its natural oils make it unusually resistant to fire and termites.
Demand - Today, teak is used in flooring, countertops, veneer, furniture. It’s been used in boatbuilding 2,000+ years. It was used on The T...
A 10-step plan to ensure that your tenant pays the rent is revealed.
In order, they are: proactivity, commitment, empathy, requirement, options, late fee, installments, security deposit, assistance, documentation.
Real estate investors have time to react to the pandemic. Stock investors often didn’t. They lost 10%, 20%, 30% within weeks.
Learn how volatility hurts stock investors.
If the pandemic were as visible a threat as a fire...
Unemployment is rising. Mortgage rates hit record lows two weeks ago. Stocks have fallen 32% from recent highs. Oil has fallen with a thud.
Your life has changed in order to control the spread of the novel coronavirus.
(**The entire episode transcript is below. You can read along as you listen.)
Fannie Mae, Freddie Mac, and HUD have suspended foreclosures and evictions for at least 60 days. This could soon be extended to a year.
The novel coronavirus threatens life, business, and the economy.
11 years of U.S. economic expansion could end soon.
(**The entire episode transcript is below. You can read along as you listen.)
Closed businesses mean that supply chains are disrupted. This could make it difficult for flippers and value-add apartment projects.
Travel, hospitality, and leisure business troubles mean that short-term rentals like AirBnB will have high ...
You’ll struggle unnecessarily in life if you “maximize” conventional retirement plans.
How can this be?
Historically, rather than deferring your income into the future with a 401(k), 403(b), 457 Plan, TSP, IRA …
… you could invest in a real, cash-flowing asset that improves your life BOTH now and later.
I make a case that a “dollar per dollar” employer match in your 401(k) could be worth it. But only up to that level.
The next recession, and your next 3-10 economic years are predicted by our guest today.
Prediction: Interest rates should stay low through 2023.
By 2025, they could rise 3% to 3.5%.
Inflation should increase in the second half of the 2020s decade. Why? De-globalization.
We discuss how long this ...
One of America’s most underappreciated markets is right in the heart of cash flow country.
Rent-to-price ratios are often 1%.
Americans are moving from high-cost, high-tax places to low-cost, low-tax places.
Look, the biggest mistake most real estate investors make is emphasizing “the deal” rather than “the market”.
You are making an investment into an area’s underlying economy before the property.
Follow the data, not the money...