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123: Mistakes To Avoid In Real Estate Investing

123: Mistakes To Avoid In Real Estate Investing

FromGet Rich Education


123: Mistakes To Avoid In Real Estate Investing

FromGet Rich Education

ratings:
Length:
42 minutes
Released:
Feb 17, 2017
Format:
Podcast episode

Description

#123: What if the value of your income properties falls 40% vs. the value of stock falls 40%? We explore the strategic, emotional and practical side of this. Learn how you stop losing money by paying the opportunity cost of not being invested strategically. How to use desktop methods to research the right properties and markets. Keith is invested in a real estate market where there’s a recession. Here’s how he deals with it. Keith brings you today’s show from San Juan, Puerto Rico. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:50  Most real estate investors buy property for convenience, not strategy. 05:34  Reading about 3-D printing before investing in Memphis real estate (really?). 07:17  Use these desktop methods to research property. 09:12  When your stocks fall 40%, a story of what happens tactically and emotionally. 17:20  There have been 25 stock bear markets since 1929. 18:27  Corporate Direct for asset protection. 21:58  The mortgage meltdown of 2009. 23:31  What happens if you income property portfolio fell in value by 40%? 26:56  In a stock meltdown, companies disappear. In a real estate meltdown, you still own land, brick, concrete, wood, copper wire, and glass. 28:23  Warren Buffett’s Rule No. 1: “Don’t lose money.” 29:07  Keith owns income property in Anchorage, Alaska, and there’s a recession there. 31:34  Submarkets and business sectors. 34:58  Invest in 3-5 different metros. 37:11  Home inspections. Resources Mentioned: WeGoLook.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com  
Released:
Feb 17, 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.