343: Housing Shortage Crisis Deepens - Case Study With A Developer
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 3 May 2021
⏱️ 44 minutes
🧾️ Download transcript
Summary
Today, available homes are as scarce as a rare earth mineral.
Under 500K homes are available for sale today, well below the historic 1M-1.5M at any given time Source: Federal Reserve.
High demand exists independent of low inventory.
Developers and homebuilders need years to help us build our way out.
The development team of Rob Fuller and Jared Garfield tell us how today’s developers cope with the rising cost and unpredictable supply of: copper, lumber, PVC and other building materials.
Their project in Colorado Springs, CO is in the path of progress. In 2019, U.S. News & World Report named the area the #1 Economy In America.
The Denver Post stated that by 2050, Colorado Springs will be larger than Denver. (Wow)
The project is 800 acres of higher-end homes on 2.5-acre lots. Homes start in the high $600Ks. That does not work for cash flow via direct ownership.
This is not “spec building”. Homeowners have already funded with non-refundable earnest money.
You can project a construction loan to the project yourself. Cash-on-cash returns are 9% to 15%, depending on the investment amount. $100K minimum. Learn more about this project at www.GetRichEducation.com/ColoradoSprings.
Investors have substantial guarantees and financial buffers.
This is an A+ real estate asset class.
You can view weekly project drone footage. On-site visits are available. I might attend one where you could meet me in-person in Colorado Springs.
Resources mentioned:
Private Lending in the Path Of Progress:
GetRichEducation.com/ColoradoSprings
U.S. Active Home Listing Count:
https://fred.stlouisfed.org/series/ACTLISCOUUS
Show Notes:
Get mortgage loans for investment property:
New Construction Turnkey Property:
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold. The housing supply crisis just deepened. How far has home inventory plunged? I've got answers. Today we learn from a case study with a housing developer and how you deal with today's builder risks as America tries to build our way out of the crisis today on Get Rich Education. |
| 0:23.9 | A lot of investors choose either cash flow or home price appreciation, but one real estate |
| 0:28.8 | market could provide both Jacksonville, Florida. With 27% lower home prices than the national |
| 0:34.9 | median and 1% higher rents, their market has appreciated |
| 0:38.0 | 34% more than other comparable cash flow markets over the last 30 years. Get positive |
| 0:43.9 | cash flow today and appreciation for tomorrow. They often have available inventory in Jacksonville |
| 0:50.6 | start at cashflow and growth.com. |
| 0:55.5 | Is your IRA in a real estate syndication? |
| 0:58.6 | Yikes, a 37% Ubit tax could hit you, but you still have a chance to set up your EQRP and |
| 1:04.7 | avoid this. |
| 1:05.9 | Did you make too much money in 2020 and need more deductions? |
| 1:09.0 | Now federal law lets you set up in EQRP in 2021 and get |
| 1:13.2 | deductions for last year. Yeah, retroactively. Even put old IRA and 401k money in Bitcoin, gold, |
| 1:20.2 | or your own business, get control of all of your retirement money, tax and penalty free. Text |
| 1:25.1 | EQRP in all capital letters to 72,000. You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education. The President rich education. |
| 1:56.4 | Welcome to GRE from St. Simons, Georgia to St. Albans, Queens in New York City. |
| 2:00.1 | And across 188 nations worldwide, I'm Keith Weinhold. |
| 2:03.5 | This is Get Residication. |
| 2:05.0 | Over the past year, Redfin has just reported that median home prices have now soared 18%. |
| 2:14.0 | Yeah, year over year. |
| 2:16.2 | And that's up to a median of 356K. Remember, a lot of higher price |
| 2:24.0 | homes are selling, skewing the median up higher, but that is still pretty remarkable. In fact, |
... |
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