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265: Planning For A Recession & More Listener Questions

265: Planning For A Recession & More Listener Questions

FromGet Rich Education


265: Planning For A Recession & More Listener Questions

FromGet Rich Education

ratings:
Length:
30 minutes
Released:
Nov 4, 2019
Format:
Podcast episode

Description

Get a market update. Next, I answer your listener questions: 1: How do I start if I know nothing about real estate? 2: What’s better: existing or new construction property? 3: How do I identify an “up-and-coming” neighborhood? 4: How do I raise the rent without losing the tenant? 5: What if there’s a recession?  I bring you today’s show from Anchorage, AK. Next week, we discuss four-plexes. The following week, declining interest rates and more Fed money-printing. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________   Resources mentioned: Credit Score help: MyFico.com Neighborhood Research: NeighborhoodScout.com City-Data.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation   Welcome to Get Rich Education, I’m your host Keith Weinhold.   It’s YOUR listener questions today; What’s The Best Guidance For Beginners, Comparing New Construction vs. Existing Construction Property, How To Identify An Up-And-Coming Neighborhood, How To Raise The Rent Without Losing Your Tenant, and How To Position Yourself In The Event Of A Recession.    All today, on Get Rich Education.  ______________________   Welcome to Get Rich Education! I’m your host, Keith Weinhold with Episode 265 and I’m answering your listener questions today.    First, let’s get you up-to-speed with our asset Class Whiparound.    The Fed lowered rates last Wednesday by a quarter-point again.   It IS their third quarter-point rate cut this year, bringing the upper bound of the Federal Funds rate down to 1.75%   Just before air time here:   Year-to-date, real estate is up 3.5% per the Freddie Mac Housing Price Index. The Case-Shiller National Home Price Index is at right about that same 3.5% appreciation rate.   Next, the Freddie Mac numbers show us 30-year and 15-year mortgage interest rates are just a touch more than 1% lower than they were one year ago.   Yes, your COST of money is cheaper now than it was either one year ago OR two years ago.   The stock market has been thriving. The S&P 500 Index is up more than 21% YTD. It’s flirting with all-time highs, as its over 3,000 points now.   Oil prices have not done so well, Down 17% year-over-year    Oppositely, Gold has thrived as it’s up 17% just since the beginning of the year.   Last week, the Commerce Department told us that GDP expanded at an annual rate of 1.9% through the 3rd quarter, falling slightly from 2% a quarter earlier.   The rate of dollar inflation is currently 1.7% YOY as measured by the Consumer Price Index, which is tracked and published by the government’s Bureau Of Labor Statistics.   With the way that they calculate inflation, I think it’s a little hard to believe that the true, diminished purchasing power of the dollar is only 1.7% per annum.    I think that makes about as much sense as turning back the clocks back an hour like we all did the other night, personally.   That’s our Asset Class Whiparound like we do here just once in a while.   Let’s start with the first listener question … and I usually start off with a more beginner-type question - like this first one - and advance from there.     This question comes from Jackie in Esko, Minnesota.   Keith, I love your show. I’m 25 years old, just a year out of college with $22,000 in student loan debt, and I just began listening to you three weeks ago.   Now I’m going back to listen from the very beginning, Episode 1.    What is the best way for me to begin if I know absolutely nothing about RE?    Thanks for the question, Jackie.   Well, you’re on the right track with your learning by starting with Episode 1 of the Get Rich Educat
Released:
Nov 4, 2019
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.