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420: Crashing Rent Crisis? and Baltimore, Philadelphia, Pittsburgh Markets

420: Crashing Rent Crisis? and Baltimore, Philadelphia, Pittsburgh Markets

FromGet Rich Education


420: Crashing Rent Crisis? and Baltimore, Philadelphia, Pittsburgh Markets

FromGet Rich Education

ratings:
Length:
44 minutes
Released:
Oct 24, 2022
Format:
Podcast episode

Description

In times of high inflation, don’t rents have to collapse? Tenants are getting squeezed, paying more for food, gas, medical care, and everything else. Won't rents have to fall? Will this create a crisis for landlords too? If tenants can’t pay the rent, landlords must still pay property expenses.  Historically, what happens is opposite of what most think. So I explore what happened in high inflation 40+ years ago to forecast what will likely happen in the future. There are three reasons why rents soar in high inflation: 1) tenants move down a class, 2) doubling up as roommates, and 3) today’s low housing supply and high demand. Rents are up 12% year-over-year today for both SFRs and apartments. Real Estate Pays 5 Ways™, not four or six. Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Our in-house coach, Naresh, will help you. His services are free. Both urban and suburban properties are available. Urban areas often have a high Walk Score. The rent-to-price ratios in these three mid-Atlantic markets often exceed 0.9% and even 1%. Before you buy, you already have an inspection report, desktop appraisal, and placed tenant’s payment history in-hand.  These rowhouses are often priced at a 20% discount. 3 bed / 1 bath is common. Resources mentioned: Show Notes: www.GetRichEducation.com/420 Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Rents In High Inflation: https://www.realpage.com/analytics/rents-move-high-inflation-market-look-1970s/ Current US housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com  Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I’d be grateful if you search “how to leave an Apple Podcasts review” and do that for the show. Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  
Released:
Oct 24, 2022
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.