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How Trump’s Presidency Could Affect Real Estate Investing | PREI 068

How Trump’s Presidency Could Affect Real Estate Investing | PREI 068

FromPassive Real Estate Investing


How Trump’s Presidency Could Affect Real Estate Investing | PREI 068

FromPassive Real Estate Investing

ratings:
Length:
20 minutes
Released:
Jan 13, 2017
Format:
Podcast episode

Description

In less than two weeks, we have president-elect Donald Trump taking over the Oval Office. What will that mean to us? How is that going to change the environment? How will Trump's presidency affect real estate investing?

On today's episode we talk with Greg Rand about how Trump's presidency might affect the real estate investing industry.

If you missed our last episode, be sure to listen to 5 Mindset Myths That Are Killing Your Wealth Potential.

Enjoy the show!

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How Trump's Presidency Could Affect Real Estate Investing
Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli. I want to give a shout out to all of you listeners out there in 152 countries. Thank you for being a listener. It's going to be an exciting year this year, 2017. Granted, there is a lot of change going on around the world, especially here in the US. What will 2017 bring, especially for us real estate investors and people who just follow the real estate environment?

Today, I want to bring on a guest who I've known for a while and I keep bumping into him here and there. He's an author and a real estate guru of sorts. His name is Greg Rand. He's written a great book. He likes to look at real estate through the policy, political and economic and environmental lens. He has an interesting perspective on things. I think you're really going to enjoy today's episode.

In less than two weeks, we have president-elect Donald Trump taking over the Oval Office. What will that mean to us? How is that going to change the environment? I really don't know. I don't think anybody really knows because I've always said that Donald Trump, although he has a lot of great business and marketing qualities, he's also a wildcard. There's a lot of uncertainty about this new political regime that's coming into Washington.

At the same time, he's a guy who really understands a lot of things about business. I don't know. You got to look at the tax structure that we have in place and what that could potentially change into. There are predictions out there that home prices will go up. There are comments and suggestions that he will make industry friendly policy changes that will improve, not only the economy in general, but real estate more specifically.

One of those big things that are just floating out there and have been for a long time is the whole Dodd-Frank Act. It's a bill that is just jam-full of regulation. If Trump gets in and he is true to his word and minimizes the amount of regulation centered around this Dodd-Frank Bill, that will probably ease up on the capital flow. There will be more capital available for real estate projects, specifically for commercial. That will flow into many areas of the economy.

If Trump is successful in creating domestic jobs and bringing jobs that have been moved offshore back into the US, then theoretically that should be good for our economy and good for commercial real estate and good for residential real estate and good all around.

I am politically agnostic and I do not believe that governments create jobs. They sure know how to raise capital through taxation, through inflation and guess what, then they redistribute that into areas that they want to put it into, social programs, infrastructure, whatever else, military. Time will tell. This will be a very interesting year. It'll be a very interesting four years with Trump in office.

Trump's Presidency: At the end of the day, we can't control the global economy but what you can control is your own local economy.

I am going to keep a close eye on the economic landscape and...
Released:
Jan 13, 2017
Format:
Podcast episode

Titles in the series (100)

Take the guesswork out of real estate investing. Learn how BUSY PEOPLE like you can build substantial passive income while creating wealth for the long-term. Gain expert knowledge and advice on real estate investing as Marco Santarelli (of Norada Real Estate Investments) shares his strategies and valuable insights with a special emphasis on Turnkey (done-for-you) real estate investments. Discover proven strategies for making money with real estate in ANY market and how to avoid common and costly mistakes. If you’re looking for “bigger pockets” and ACTIONABLE advice on the road to financial freedom, then this is the podcast for you! With new episodes every week, be sure to SUBSCRIBE TODAY!