289: Make Money By Following Migration Trends
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 20 April 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
Real estate investors should know something about Florida. Why? Migration.
Navigating today's property market takes more care than it did last year due to the pandemic.
Primary residence buyers are being shut out. Investment property buyers are better off because "wannabe" homeowners must become renters due to higher mortgage qualification standards.
To profit today, focus on your tenants income source and positive migration trends.
Florida leads the U.S. in positive migration; it's likely that the trend will continue.
Why do people keep moving to Florida? Low cost of living, no state income tax, sun & warmth, job diversification & growth.
New construction homes for investors are on infill lots, 4 bed, 2 bath homes are $250K.
Greater Orlando & Central Florida attracts nearly 10,000 new residents every week - from The Space Coast in the east to Polk County in the west.
Learn more at: www.GetRichEducation.com/Orlando
New const. SFH prices start at $139,900 3/2/1 on ¼ acre. Duplexes and townhomes are also offered.
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Winehold. Profiting in today's real estate market takes more careful navigation than it had previously education and techniques on how to do it and where to do it today on Get Rich Education. |
| 0:17.5 | Finally, with Total Control Financial, get checkbook control of your existing 401k and IRA funds to invest in real estate. |
| 0:25.3 | Yes, you can move your retirement money into your own checking account, |
| 0:29.8 | but you must avoid the little-known tax that you'll get hammered with in a self-directed IRA. |
| 0:35.2 | Instead, start your QRP. |
| 0:37.8 | Learn more and get your free copy of the QRP book by text messaging QRP in all capital letters to 72,000. |
| 0:48.2 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 0:55.6 | This is Get Rich Education. |
| 1:12.6 | Welcome to Get Rich Education. I'm your host Keith Weinhold. |
| 1:14.2 | I don't know about you, but I'll tell you anytime I see a media article about ending shelter-in-place orders, I've got to read it. |
| 1:23.8 | I want to see timetables so that I can better envision this post-pandemic world |
| 1:28.8 | and get back to normal, whatever that even means anymore. You know what's interesting? |
| 1:35.9 | Something that I never thought that I would see in my life, and you probably didn't either, |
| 1:40.9 | is a recession by choice. When you think about it, that's really what we're in |
| 1:47.0 | here in this era that I like to call, not the Great Depression, not the Great Recession, |
| 1:52.0 | but we are in the Great Shutdown. Yeah, it's a recession by choice because we've chosen |
| 1:59.0 | to put ourselves in recession for the betterment of everyone's |
| 2:03.4 | physical health. You know what else is interesting? When things are good and the economy keeps |
| 2:09.1 | expanding like it had for 11 consecutive years, well when things are good like that, |
| 2:14.7 | you just cannot imagine them being bad. And when things are bad |
| 2:19.9 | and uncertain like they are now, it also does not seem like they'll be good again either. When |
| 2:25.6 | times are good, it seems like they'll never be bad again. And when times are bad, it seems like |
... |
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