292: Interest Rates Hit All-Time Low, Drive An Oldsmobile In Winnipeg, CARES Act with Damion Lupo
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 11 May 2020
⏱️ 42 minutes
🧾️ Download transcript
Summary
Learn the history of interest rates, 1971-2020. Mortgage rates just hit all-time lows.
Tenants are generally reliably paying the rent during the pandemic. Why? Government pays their income; expenses are lower because they can't travel anywhere to spend. They have more to spend on the rent.
Unnecessary businesses are collapsing: spas, salons, theatres.
More than half of mall department stores could be closed by next year, like Macy's, JC Penney, Lord & Taylor.
If you don't have multiple income streams, the pandemic is harder on you.
Chase and Wells Fargo have shut off new HELOCs. Learn about first and second lien positions, subordination.
Will car sales tank? No.
I play three cornball TV commercial ads from the 1980s about interest rates - GMAC financing, a car dealer in Winnipeg, Manitoba.
Chicago is the rare world-class city where investor numbers make sense.
I provide street addresses of two available turnkey properties in NW Indiana (Chicagoland).
Damion Lupo joins us. With the CARES Act, you can access 401(k) funds more easily, and direct them into an eQRP.
eQRPs can invest in: real estate with or without debt, syndications, rentals, flips, domestic land, foreign land, mobile homes parks, precious metals, mortgage notes, oil & gas, private money lending, options, franchises and more.
Resources mentioned:
QRPs: text "QRP" in ALL CAPS to 72000 or:
By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Hinehold with a brief history lesson of interest rates, |
| 0:06.5 | banks cutting helots today, more pandemic effects for real estate and business, and then another way for you to turn |
| 0:12.2 | crisis into opportunity with the newly passed Cares Act, all that and more today on Get Rich Education. |
| 0:20.6 | The people that our listeners can't stop talking about are Ridge Lending Group and MLS 42056. |
| 0:26.1 | They provided you with more loans than anyone. |
| 0:28.8 | It's where I got my last few loans, and they finance single-family income property up to four plexes. |
| 0:34.6 | They're the number one lender for both beginners and veterans. |
| 0:38.0 | Start your pre-qualification, chat with President Chaley Ridge personally, |
| 0:41.6 | and you'll end up with your custom plan for expanding your cash-flowing portfolio. |
| 0:45.8 | Start at ridgelendinggroup.com. |
| 0:52.2 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 0:59.4 | This is Get Rich Education. |
| 1:02.5 | Thank you. Here it is. Hey, welcome to get rich education. I'm your host Keith Weinhold, and I'm |
| 1:18.9 | grateful that you're here. Recent events make you almost completely reevaluate what our society |
| 1:25.8 | became before the pandemic. The angle I'm talking about |
| 1:29.6 | is one that real estate investing author John T. Reed recently wrote, John is a generation |
| 1:35.3 | or two older than me, so he's got more life experience. Here it is. John T. Reed says, |
| 1:40.6 | the shutdown has made me, if not others, realize that our, quote, great economy is about |
| 1:48.3 | half fluff. Salons, spas, gourmet doggy treats, computer games, Starbucks, and that it is also about |
| 1:59.5 | half financed by the Fed conjuring money out of thin air. |
| 2:03.9 | The age-old formula for business success was to find a need and fill it. |
| 2:10.0 | I'd add the adverb profitably because of the dot-com boom and its successors who do not seem |
... |
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