43 min

Inflation, Florida Short-Term and Long-Term Income Property Get Rich Education

    • Investing

Now you have to earn your money twice. The first time is when you work for it, the second time is when you must invest it to beat inflation. My explainer on why higher interest rates slow inflation. “Inflation is legalized counterfeiting. Counterfeiting is criminalized inflation.” -Robert Breedlove
When wages don’t keep pace with inflation, I explain why it destroys families.
We compare short-term (STR) and long-term rental (LTR) property in southwest Florida. Get started with buying properties yourself at: https://gremarketplace.com/SouthwestFlorida
Of course, Florida is an in-migration hotbed. Home price appreciation and rents are both 10%-20%+ year-over-year.
Today’s LTR tenants seek: infill lots, more square footage, an extra bedroom / den, and grocery store proximity.  
STR tenants want a pool. You really make your money November through April.
LTRs have more recession resistance than STRs. LTRs have more predictable, year-round income.
STRs often have $4,000-$5,000 a week of rent income. They have a 20% management fee. You can charge the tenants a cleaning fee. You owe utility costs and ~$100 monthly yard maintenance. 
Single-family rental properties are 1,500-1,900 sf on a ¼ acre lot, LVP flooring, granite countertops, stainless steel appliances, 9’4” ceilings, and concrete block exterior walls.
Pricing is in the low $300Ks to low $400Ks. Long-term rents are $2,000-$2,400 / month.
To get started with buying single-family homes and duplexes (long-term and short-term rentals) in southwest Florida, start at: https://GREmarketplace.com/SouthwestFlorida 
Resources mentioned:
Get started with SW Florida long-term and short-term rentals:
https://GREmarketplace.com/SouthwestFlorida
Show Notes:
www.GetRichEducation.com/390
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 877-74-RIDGE
JWB’s available Florida income property:
CashFlowAndGrowth.com
To learn more about eQRPs: text “RICH” to 307-213-3475 or:
eQRP.co
By texting “RICH” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Const. Florida SFHs & multifamilies:
www.B2Rdirect.com
Best Financial Education:
GetRichEducation.com
Get our free, wealth-building “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREmarketplace.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold

Now you have to earn your money twice. The first time is when you work for it, the second time is when you must invest it to beat inflation. My explainer on why higher interest rates slow inflation. “Inflation is legalized counterfeiting. Counterfeiting is criminalized inflation.” -Robert Breedlove
When wages don’t keep pace with inflation, I explain why it destroys families.
We compare short-term (STR) and long-term rental (LTR) property in southwest Florida. Get started with buying properties yourself at: https://gremarketplace.com/SouthwestFlorida
Of course, Florida is an in-migration hotbed. Home price appreciation and rents are both 10%-20%+ year-over-year.
Today’s LTR tenants seek: infill lots, more square footage, an extra bedroom / den, and grocery store proximity.  
STR tenants want a pool. You really make your money November through April.
LTRs have more recession resistance than STRs. LTRs have more predictable, year-round income.
STRs often have $4,000-$5,000 a week of rent income. They have a 20% management fee. You can charge the tenants a cleaning fee. You owe utility costs and ~$100 monthly yard maintenance. 
Single-family rental properties are 1,500-1,900 sf on a ¼ acre lot, LVP flooring, granite countertops, stainless steel appliances, 9’4” ceilings, and concrete block exterior walls.
Pricing is in the low $300Ks to low $400Ks. Long-term rents are $2,000-$2,400 / month.
To get started with buying single-family homes and duplexes (long-term and short-term rentals) in southwest Florida, start at: https://GREmarketplace.com/SouthwestFlorida 
Resources mentioned:
Get started with SW Florida long-term and short-term rentals:
https://GREmarketplace.com/SouthwestFlorida
Show Notes:
www.GetRichEducation.com/390
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 877-74-RIDGE
JWB’s available Florida income property:
CashFlowAndGrowth.com
To learn more about eQRPs: text “RICH” to 307-213-3475 or:
eQRP.co
By texting “RICH” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Const. Florida SFHs & multifamilies:
www.B2Rdirect.com
Best Financial Education:
GetRichEducation.com
Get our free, wealth-building “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREmarketplace.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold

43 min