344: Biden’s Tax Increases & Real Estate - with Kristin Tate
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 10 May 2021
⏱️ 46 minutes
🧾️ Download transcript
Summary
Kristin B. Tate (FOX News, CNN, MSNBC) joins me to discuss Biden tax and housing policies, inflation, and investing.
President Joseph R. Biden, Jr.’s bill to create a $15,000 first-time homebuyer tax credit is wrong. It helps the demand side. America needs help on the supply side. I give ideas.
Biden wants to severely limit the 1031 Tax-Deferred Exchange for real estate investors. Only your first $500K of gains would be exempt from capital gains tax.
This would cause a rush of sales in the real estate market. It would also hurt long-term liquidity for larger apartment buildings.
Zumper’s National Rent Report shows substantial rent increases in many Midwest and South real estate markets. I detail them.
Next, Kristin B. Tate tells us why printing trillions of dollars means that investors should get out of the dollar.
We discuss Joe Biden’s proposed increases to both income tax and capital gains tax.
Kristin favors buying real estate assets to hedge against inflation: real estate, physical gold & silver, and cryptocurrency.
Resources mentioned:
Kristin B. Tate on Twitter:
Kristin B. Tate’s website & books:
Show Notes:
Zumper National Rent Report:
https://www.zumper.com/blog/rental-price-data/
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold. President Joe Biden wants to expand the role of government in your life with a post-pandemic safety net. |
| 0:09.0 | What will his tax increases mean for both the real estate market and the economy and how can you best navigate it? |
| 0:15.0 | Author and frequent cable TV political commentator Kristen Tate joins me today to discuss this and more. |
| 0:20.5 | But first, an update on what is happening with the direction of rents in the United States. political commentator Kristen Tate joins me today to discuss this and more. |
| 0:25.2 | But first, an update on what is happening with the direction of rents in the United States. |
| 0:27.7 | Today on Get Rich Education. |
| 0:35.9 | A lot of investors choose either cash flow or home price appreciation, but one real estate market could provide both. |
| 0:56.2 | Jacksonville, Florida, with 27% lower home prices than the national median and 1% higher rents, their market has appreciated 34% more than other comparable cash flow markets over the last 30 years. Get positive cash flow today and appreciation for tomorrow. They often have available inventory in Jacksonville, |
| 1:00.0 | start at cashflow and growth.com. |
| 1:08.1 | Is your IRA in a real estate syndication? Yikes, a 37% Ubit tax could hit you, but you still have a chance to set up your EQRP and avoid this. Did you make too much |
| 1:12.3 | money in 2020 and need more deductions? Now federal law lets you set up an EQRP in 2021 and get |
| 1:18.8 | deductions for last year. Yeah, retroactively. Even put old IRA and 401k money in Bitcoin, gold, |
| 1:25.8 | or your own business, get control of all of your retirement |
| 1:28.4 | money, tax and penalty-free. Text EQRP in all-capital letters to $72,000. You're listening to |
| 1:37.6 | the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education. |
| 1:59.4 | Welcome to GRE, from the mouth of the Columbia River and Astoria, Oregon to the confluence of the Schuylkill and Delaware in Philadelphia. |
| 2:07.6 | And across 188 nations worldwide, you're tuned into one of America's most listened to real estate investing shows. |
| 2:13.8 | I'm Keith Weinhold. |
| 2:14.9 | Kristen Tate will be with us shortly as we talk more politics than usual on |
| 2:19.0 | the show today. Joe Biden is advancing his plan to give a $15,000 tax credit to first-time homebuyers. |
| 2:28.5 | In my opinion, this is the wrong incentive, wrong policy. Now, as you know, I am not a partisan guy. |
| 2:36.3 | I can't stand partisanship. |
... |
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