Get Rich Education Keith Weinhold

Joe Biden’s economic plan for real estate investors is detailed.
Expect: higher income tax, extended eviction & foreclosure moratoriums, $15 minimum wage, $15K first-time homebuyer tax credit, more stimulus checks.
Can landlords still evict tenants for non-payment of rent? Yes. I explain how.  
With all this money printing, I expect inflation to stay low due to low velocity.
Ken McElroy joins me again today. He’s the Rich Dad real estate advisor.
Migration patterns per U-Haul favor these top 5 states: TN, TX, FL, OH, AZ. #1 for out-migration last year was CA.
72% of people move within the same state, per Ken.
Today’s tenant trends: Larger units, security gates, pets, outdoor lighting, small yards, remote rent collection. Proximity to central business districts is less important. Pets attract seniors.
Ken has increased income by embracing pets, and reduced expenses by requiring that tenants have Renters Insurance.
Learn about how he handled recessionary apartment income disruptions for his investors.
Resources mentioned:
See Ken McElroy’s predictions video:
www.KenMcElroy.com/GetRichEducation
Show Notes:
www.GetRichEducation.com/329
Mortgage Loans:
RidgeLendingGroup.com
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” 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:
CashFlowAndGrowth.com
Best Financial Education:
GetRichEducation.com
Get our free “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold

My housing prediction for the next few years is revealed at the beginning of the show.
Learn why higher interest rates mean less housing supply. 
Learn how to buy new construction income properties as inexpensively as $169K at: www.getricheducation.com/southeast
Last year: Real estate was up 11%, mortgage rates fell from 3.72% down to 2.67%, inflation fell from 2.5% to 1.4%, S&P 500 up 16%, dollar weakened, bitcoin surged 400%+, gold & silver had their best years since 2010, oil down 21%. 
“Build-To-Rent” (B2R) means that properties are constructed with tenant-occupants, not owner-occupants. 
Durable finishes are used, like cement hardie board, vinyl plank flooring, and granite countertops.
B2R single-family homes as low as $169K (new construction). Duplexes, triplexes, and fourplexes are also offered in Florida and Georgia at: www.getricheducation.com/southeast
Tenants in these B2R properties often have incomes of $100K+.
Today’s renters want a yard, even if it’s small. They don’t want a fireplace. With remote working trends, proximity to an urban area is now less important.
Resources mentioned:
Build-To-Rent FL & GA property:
www.GetRichEducation.com/Southeast
Show Notes:
www.GetRichEducation.com/328
Mortgage Loans:
RidgeLendingGroup.com
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” 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:
CashFlowAndGrowth.com
Best Financial Education:
GetRichEducation.com
Get our free “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
Chris Voss on Masterclass:
www.Masterclass.com

Has “debt-free” now become a poverty marker?
Debt is good when: 1) The interest rate is lower than inflation, and 2) When tenants pay your debt for you.
Get our free “Don’t Quit Your Daydream” Letter at: www.getricheducation.com/letter
Home equity is: unsafe, illiquid, and its rate of return is always zero.
If you pay an extra $100 toward your mortgage principal, you just converted your cash flow to equity. That’s the opposite of financial freedom.
Learn myriad reasons for removing equity from property: a litigious society, natural disasters, job loss, and more.
Paying down your low interest rate debt won’t create wealth. But using debt to create residual income streams can.
More equity = more risk.
Why would you even want to be debt-free?
Resources mentioned:
Show Notes:
www.GetRichEducation.com/327
Mortgage Loans:
RidgeLendingGroup.com
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” 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:
CashFlowAndGrowth.com
Best Financial Education:
GetRichEducation.com
Get our free “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold

The largest building you can buy with the best loan terms is a residential four-unit building.
Noticing high fourplex demand years ago, one savvy developer has been successfully providing new build-to-rent fourplex communities in the U.S. Intermountain West.
Get the report and connect with the provider at: www.getricheducation.com/fourplex
These often have a price point of $750K or more, and require a 25% down payment. You’re rewarded with Fannie / Freddie 30-year loans at low interest rates.
High-growth Utah, Idaho, and Arizona markets are served with these new construction fourplexes.  
Learn how a developer selects land tracts at the edge of metro areas.
I use what is considered a profane term in the industry.
Resources mentioned:
New Build-To-Rent Fourplexes:
www.GetRichEducation.com/Fourplex
Show Notes:
www.GetRichEducation.com/326
Mortgage Loans:
RidgeLendingGroup.com
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” 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:
CashFlowAndGrowth.com
Best Financial Education:
GetRichEducation.com
Get our free “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold

A summary of major housing and economic stories this year.
Then, a framework for how you can achieve any goal is revealed. 
Our own Aundrea Newbern joins me.
She describes her concrete goal of going from her current $10K up to $30K of monthly residual real estate income.
Get our free “Don’t Quit Your Daydream Letter” here: www.getricheducation.com/letter
Resources mentioned:
Show Notes:
www.GetRichEducation.com/325
Mortgage Loans:
RidgeLendingGroup.com
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” 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:
CashFlowAndGrowth.com
Best Financial Education:
GetRichEducation.com
Get our free “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold

Learn mistakes to avoid and how to buy a distressed property at a discount at a foreclosure auction.
First, the average borrower now has $194K in home equity due to high recent home price appreciation. Only 3% have a negative equity position.
Freddie Mac shows home prices up 9.7% year-over-year.
First American’s Real House Price Index accounts for home prices, interest rates, inflation, and affordability. The surprise? Real prices are down 26.8% since January 2000.  
Today’s guest, Colin Murphy, is an acknowledged expert in buying properties at foreclosure auctions. He reveals how it works in some Florida counties.
Death, divorce, drugs, and unemployment can all lead to a borrower missing mortgage payments and having their property fall into foreclosure.
Foreclosure auctions have moved online in states like Florida (but not Texas). Often, you must give a 5% deposit at bid time, 95% balance paid same-day.
2 minutes of bidding per property. 
Learn how high one should bid on a foreclosure property. You can find mortgage, lien and permit information online. You must know how to estimate renovation costs. Assume the worst.
Foreclosure moratoria have created low inventory levels in the market.
Resources mentioned:
More about Colin Murphy:
ColinInvestments.com
FATCO’s Real House Price Index:
https://www.firstam.com/economics/real-house-price-index/
Recent Homeowner Equity Gains:
https://www.cnbc.com/2020/12/10/homeowners-gain-1-trillion-from-pandemic-driven-housing-boom.html
Show Notes:
www.GetRichEducation.com/324
Mortgage Loans:
RidgeLendingGroup.com
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
eQRP.co
By texting “EQRP” 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:
CashFlowAndGrowth.com
Best Financial Education:
GetRichEducation.com
Get our free “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
GREturnkey.com
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold