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Get Rich Education

206: Your Questions: Debt, BRRRR, Mortgage History Since 1935

Get Rich Education

Keith Weinhold

Investing, Careers, Business

4.3602 Ratings

🗓️ 17 September 2018

⏱️ 35 minutes

🧾️ Download transcript

Summary

#206: Student loan debt vs. real estate investing. Where should you devote your dollars? You get answers.

I tell you how to eliminate investing "uncertainty".

The "BRRRR" real estate investing strategy is discussed - pros and cons. It's a hybrid between flipping and buy-and-hold.

Turnkey vs. BRRRR real estate investing.

I cover the history of mortgages from the 1930s to today. FDR and World War II had substantial impact.

Fannie Mae was born in 1938. Freddie Mac didn't begin tracking mortgage rates until 1971.

2000 was the last year that mortgage rates (30-year FRMs) exceeded 8%.

The median 30-year mortgage rate since 1971 is 7.7%.

Let's meet in-person at the New Orleans Investment Conference.

__________________

Want more wealth?

1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Listen to this week's show and learn:

02:13 Student loan debt vs. real estate investing.

07:53 The BRRRR Strategy: pros and cons.

17:00 Turnkey vs. BRRRR real estate investing.

19:44 History of mortgages: 1930s to today.

26:33 The median 30-year mortgage rate since 1971 is 7.7%.

28:56 Let's meet in-person at the New Orleans Investment Conference.

Resources Mentioned:

New Orleans Investment Conference

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

GRE Book: GetRichEducation.com/Book

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Get Rich Education. I'm your host Keith Weinhold. We've got listener questions today about paying off debt versus investing, the real estate burr strategy, and what exactly is the history of mortgage interest rates over the last 80 years, and how does that affect you all today on Get Rich Education?

0:19.4

Are you looking for a roadmap to financial freedom?

0:22.5

If so, we have a solution for you.

0:25.2

Nerata real estate is offering a limited number of free strategy sessions to help you get out

0:30.5

of the rat race.

0:31.7

Learn how you can create wealth and build monthly passive income.

0:36.6

To set up a time with one of our knowledgeable investment

0:39.3

counselors, simply go to Nerata real estate.com. That's N-O-R-A-D-A-R-A-R-A-R-A-R-A-R-A-R-E-A-R-E-A-R-R-E-A-R-R-E-L-E-E-L-E-LIN, go to Ridge Lending Group.

0:55.1

And over the years, you've heard owner Chaley Ridge generously give her time to you right

1:00.4

here on the show as a guest.

1:02.4

Rids provides investment property loans in almost every U.S. state.

1:07.1

And you're going to find out how they've helped more Americans realize their dreams of financial freedom through real estate than any other mortgage lender in the entire nation when you get started at ridglinggroup.com.

1:21.3

Get rich education is brought to you by Ridge Lending Group producers wealth, LaRata real estate, and Total Control Financial.

1:29.1

You're listening to the show

1:30.5

that has created more passive income

1:32.4

for people than nearly any show in the world.

1:36.5

This is the powerful

1:38.1

get rich education.

1:53.3

I'm going to... Education. Welcome to GRI, from San Jose, Costa Rica to San Jose, California and across 188 nations worldwide.

2:00.8

Hey, how you doing? I'm Keith Weinhold,

2:03.0

and this is Get Rich Education. We've got some of your listener questions today. We'll start off

2:08.4

with a more beginner-oriented question and then graduate to some advanced ones. Daryl from

...

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