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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

FromGet Rich Education


142: Today’s Lessons From The Housing Crisis and Mortgage Meltdown of 2007-2009

FromGet Rich Education

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)

This 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 expand 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.