28 min listen
142: Today’s Lessons From The Housing Crisis and Mortgage Meltdown of 2007-2009
142: Today’s Lessons From The Housing Crisis and Mortgage Meltdown of 2007-2009
ratings:
Length:
55 minutes
Released:
Jun 30, 2017
Format:
Podcast episode
Description
#142: Keith’s $530,000 four-plex dropped in value to $480,000 during the 2007-09 Mortgage Meltdown. Lessons from the Housing Crisis of 2007-2009 still influence Keith’s investing today. Our guest, Damion Lupo, lost worse than Keith at this time. His $20M portfolio imploded. Damion spent over a million dollars on seminars alone. He recklessly went all-out by purchasing 150 rental units across 7 states more than a decade ago - without regard for cash flow. It crashed. Today, his firm, Total Control Financial, helps you control your financial future with self-directed IRA and Solo 401K services for optimized retirement planning. Top takeaway: Buy for cash flow in stable economic metro markets. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 00:57 Keith’s $530,000 four-plex dropped in value to $480,000 in the 2007-09 Mortgage Meltdown. 15:37 If Damion could do it all over again, what would he do differently? 20:04 Harvesting equity. 24:29 Damion won’t do deals with people in their 20s. 26:30 The next crash. 34:14 Hard money loans. 42:25 Retirement. 49:26 Choose stable markets in the Midwest and South. Resources Mentioned: TotalControlFinancial.com Investopedia.com NoradaRealEstate.com HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com
Released:
Jun 30, 2017
Format:
Podcast episode
Titles in the series (100)
3: The Investment Event Of The Decade: #3: You are delivered some of the best moments and most actionable content from the 40th New Orleans Investment Conference, billed as “The Investment Event Of The Decade”. The conference featured luminaries on the speaker marquis... by Get Rich Education