291: Could Home Prices And Rents Fall?
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 4 May 2020
⏱️ 49 minutes
🧾️ Download transcript
Summary
Can you count on rent collection in the pandemic?
Could home prices drop?
Is it better to buy property today, or say, six months from now?
If you think that the pandemic will drag on for years and badly affect the economy, stay on the sidelines.
Most think it'll bounce back this summer.
I talk with guest Gregg Cohen, who helps manage 3,500 rental units in Jacksonville, FL for insight.
Forbearance stabilizes housing values. Without it, some would have to sell their home.
Many Florida residents are paid more from unemployment compensation than if they worked. This assists in rent collection.
Gregg & his company offer you new construction Jacksonville, FL property. If your tenant cannot rent, they will pay your mortgage for you up to six months. This is only for GRE listeners that use this link: https://www.getricheducation.com/jax/
Resources mentioned:
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. As we navigate further into pandemic times, |
| 0:06.5 | we're gaining clarity. We're learning just how much can you count on tenants to pay the rent, |
| 0:11.6 | how much risks exists with home prices dropping, and how does a real estate investor adjust today, |
| 0:17.7 | understand that mortgage forbearance is saving you, even if you don't use it. Also, |
| 0:23.0 | a friend of the show is dropping by to help you out today on Get Rich Education. |
| 0:29.8 | Finally, with Total Control Financial, get checkbook control of your existing 401k and IRA funds |
| 0:35.5 | to invest in real estate. |
| 0:41.9 | Yes, you can move your retirement money into your own checking account, |
| 0:46.7 | but you must avoid the little-known tax that you'll get hammered with in a self-directed IRA. |
| 0:47.5 | Instead, start your QRP. |
| 0:50.1 | Learn more and get your free copy of the QRP book by text messaging QRP in all capital letters to 72,000. |
| 1:00.6 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:07.9 | This is Get rich education. |
| 1:11.6 | Welcome to GRE, from Jackson, Mississippi to Jacksonville, Florida, and across 188 nations worldwide. |
| 1:31.2 | I'm Keith Weinhold. |
| 1:32.5 | This is GetRits Education. |
| 1:34.0 | It is a salient time to talk with a company that manages thousands of rental properties. |
| 1:39.8 | That's just what we're doing today, because with a big sample size like this, we can see what |
| 1:44.6 | percent of tenants are paying the rent early, what percent are paying on time, what percent |
| 1:49.9 | are paying late, and how many tenants haven't paid at all. Also, we'll discuss could property |
| 1:56.0 | prices fall? As most believe that a vaccine won't arrive for months and we try to mitigate effects |
| 2:04.0 | with more COVID testing and contact tracing. There's still not any life post-coronavirus. |
... |
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