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January 25, 2021 40 mins

Joe Biden’s economic plan for real estate investors is detailed.

Expect: higher income tax, extended eviction & foreclosure moratoriums, $15 minimum wage, $15K first-time homebuyer tax credit, more stimulus checks.

Can landlords still evict tenants for non-payment of rent? Yes. I explain how.  

With all this money printing, I expect inflation to stay low due to low velocity.

Ken McElroy joins me again today. He’s the Rich Dad real estate advisor.

Migration patterns per U-Haul favor these top 5 states: TN, TX, FL, OH, AZ. #1 for out-migration last year was CA.

72% of people move within the same state, per Ken.

Today’s tenant trends: Larger units, security gates, pets, outdoor lighting, small yards, remote rent collection. Proximity to central business districts is less important. Pets attract seniors.

Ken has increased income by embracing pets, and reduced expenses by requiring that tenants have Renters Insurance.

Learn about how he handled recessionary apartment income disruptions for his investors.

Resources mentioned:

See Ken McElroy’s predictions video:

www.KenMcElroy.com/GetRichEducation

Show Notes:

www.GetRichEducation.com/329

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

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New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Get our free “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

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