231: Ken McElroy | How To Optimize Rent Income, Housing Price Indices

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 11 March 2019

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#231: It’s Rich Dad Month, Week 2 of 4. Learn how to optimize your rent income with Ken McElroy.

Learn how to create a profit spread just like the banks.

Case-Shiller vs. Freddie Mac - learn who has the best U.S. Housing Price Index.

Freddie Mac tracks all 50 states; Case-Shiller only tracks 20 large cities.

Freddie tracks sales from mortgages. Case-Shiller gets data from county assessor and recorder offices.

Real estate prices have an inverse relationship with rent amount.

If rent demand exceeds supply (tight market), learn how quickly you should raise rents.

If rent supply exceeds demand (slow market), learn how low you should let your standards drop.

Learn how to avoid “over-improving” a rental unit.

__________________

Want more wealth?

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

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

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

__________________

Resources mentioned:

Ken McElroy:

www.KenMcElroy.com

Freddie Mac House Price Index:

FreddieMac.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Transcript

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0:00.0	Welcome to Get Rich Education. I'm your host Keith Weinhold. We're talking about real estate prices and optimizing your monthly rental amount today. How exactly do you measure the value of your real estate portfolio? And what's the difference between optimizing and maximizing the amount of rent that you can charge with Rich Saddiviser, Ken McElroy and I
0:22.2	today on Get Rich Education.
0:27.1	MC Lobbcher is the host of the Cashflow Ninja podcast and president of producers' wealth.
0:32.1	He is on a mission to help you achieve financial independence and freedom as soon as possible.
0:37.7	He achieves this by integrating the infinite banking concept with real estate investments
0:42.2	to increase their returns and recapture cash flow that you are not even aware of that you're
0:47.7	losing. MC shares the number one strategy of investors in his holistic wealth creation course
0:53.0	at your own banking system.com.
0:58.0	Learn the easiest way to create wealth and passive income with real estate. Now you can
1:02.3	access the best deals without the stress or hassle of having to find, renovate, or manage those
1:06.9	investment properties. Norado real estate saves you time by providing you with passive income
1:11.3	investment properties in some of the best U.S. markets. Learn more at passive real estate investing.com
1:16.4	and download your free copy of the ultimate guide to passive real estate investing. There's no
1:21.2	obligation and nothing to buy. Simply visit passive real estate investing.com.
1:28.1	You're listening to the show that has created more financial freedom than nearly any show
1:33.6	in the world.
1:35.5	This is Get Rich Education.
1:38.5	Thank you. Welcome to Get Rich Education. I'm your host, Keith Weinhold. You are back. We're financially free beats debt-free.
1:58.5	And this is week two out of four of Rich Dad Month, where we talk with a
2:02.3	different influencer from the Rich Dad Poor Dad World all month. Today, it's Rich Dad Real Estate
2:07.9	Advisor Ken McElroy. Next week, Ritzstead Tax Advisor, Tom Weirite, will be back. And then in two
2:13.4	weeks, the greatest selling financial author of all time, Robert Kiyosaki will be back on the show,
	...

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