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300: Today’s Hottest Rental Type, Why Money Is A Taboo Topic

300: Today’s Hottest Rental Type, Why Money Is A Taboo Topic

FromGet Rich Education


300: Today’s Hottest Rental Type, Why Money Is A Taboo Topic

FromGet Rich Education

ratings:
Length:
45 minutes
Released:
Jul 6, 2020
Format:
Podcast episode

Description

Homes with many small bedrooms are hotly desired today. Why? In an economic rough patch, people need roommates. Secondly, home offices are more popular than ever. Residents increasingly want yards today too. Gardening is popular as a hedge against disruptions in the food supply chain. This all makes single-family homes more popular than apartments. *The entire episode transcript is below.* The debt-to-income ratio requirement is positioned to be removed from qualified mortgages. Three listener questions are answered:  1) What about CapEx expenses?  2) What about all these property notices I get in the mail?  3) What happened to the coffee and cacao providers? I give you four reasons about why money is a taboo topic.  Learn the least likely money topic that people are willing to discuss. The most I ever made at my day job was $108,000. People must stop equating net worth with self-worth.  Resources mentioned: April Home Prices Grew 5.5%: https://www.housingwire.com/articles/u-s-home-prices-grew-5-5-in-april-despite-pandemic/ Why Money Is A Taboo Topic - Ally Bank survey: https://media.ally.com/2015-11-24-Holiday-Tip-Most-Americans-Say-Social-Conversations-About-Money-are-Taboo-According-to-Ally-Banks-Money-Talks-Study The Atlantic: Why Americans Don’t Talk About Money Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold   Welcome to Get Rich Education. I’m your host, Keith Weinhold.   Talking about today’s hottest rental type, then my favorite guest is here on milestone Episode 300 - because that guest is you - as I help with your listener questions about your rental property operations, then “Why Money Is A Taboo Topic” (why DO people hide their salary?), and finally a little Episode 300 bonus. All today, on Get Rich Education. _____________________ Hey, you’re inside GRE. From Phoenix, AZ to Phoenixville, PA and across 188 nations worldwide. I’m Keith Weinhold.    This IS that show that’s created more financial freedom than nearly any show in the world.   You’re listening to milestone Episode 300 of Get Rich Education. More on that later.   The hottest INCOME PROPERTY housing type today could very well be single-family rental (SFR) homes that have many small bedrooms.    Four bedrooms is often better than three. Three is better than two.   Yeah, today, a high number of small bedrooms is being favored over fewer large bedrooms.   For one thing, this is because as the economy is in a rough patch, more people seek roommates to share housing costs.   Also, with more people working from home now, they want the extra bedroom for quiet office privacy.   You probably already understand that more residents prefer SFRs over apartments to avoid common areas like laundry rooms and hallways and even elevators.   Another reason boosting SFR demand today is something that you might be overlooking when it comes to rental property … because often, you’re thinking about things INSIDE the property like amenities, and square footage, and layout.    But another reason renters increasingly want single-family rentals are yards. Now sometimes, duplexes might have a fenced yard for each side too, of course.   But … why are yards more desired today?   Well, there are a few reasons. In the pandemic, people have discovered gardening like the hunter-gatherers did.   Yeah, gardening as a hedge against these disruptions in the food supply chain.   In fact, Burpee Seed Company recently had the highest sales in its 144-year history.   People are gardening. In fact, the homeowner’s association in my own neighborhood recently put it to a
Released:
Jul 6, 2020
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.