362: Real Estate's New Space Race, Should You Obtain Your RE License?
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 13 September 2021
⏱️ 36 minutes
🧾️ Download transcript
Summary
Steep rent increases are spreading like a… pandemic.
Some metros are seeing annual rent increases of 10% to 15%.
It's all part of real estate's new "space race".
It’s easier to get big rent increases *between tenancies*, not with your long-term tenants.
GRE’s own Aundrea Newbern joins us to answer, “Should you become a real estate agent?”
Aundrea has her RE license in GA and is now training in her new home state of MI.
Pros of obtaining your license: more information, better access to MLS, training, networking, and income from representing buyers & sellers.
Cons of obtaining your license: your time, upfront cost & ongoing fees, splitting commissions with your broker, disclosures and liability, traditional licensee activity has little to do with investors.
Summary: You need to use your license for at least 2-3 deals per year to potentially make it worthwhile.
For real estate in MI and GA, e-mail Aundrea at: [email protected]
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Winehold. Steep rent increases have spread across America like, dare I say, a pandemic? What's behind these big rent hikes? Then GRE's own Andrea joins us as we discuss the pros and cons of you becoming a real estate agent today on Get Rich Education. |
| 0:22.6 | You can get a 50-year-old house somewhere or buy a new one directly from the builder with tenant resilient amenities already built in. |
| 0:30.7 | With over 3,000 Florida units at different construction stages, they are exclusively for investors. |
| 0:37.4 | President Wagner and |
| 0:38.0 | Alaska and team also invest strongly in their own product, that's belief. Start at build |
| 0:44.0 | to rent direct.com. That's build the number two, rent direct.com, or text 407, 927-5074. |
| 0:54.9 | Hey, is your IRA in a real estate syndication? |
| 0:58.1 | Yikes, a 37% U-bit tax could hit you, but you still have a chance to set up your EQRP and avoid this. |
| 1:05.3 | Did you make too much money in 2020 and need more deductions? |
| 1:08.5 | Now federal law lets you set up an EQRP in 2021 and get deductions |
| 1:13.1 | for last year. Yeah, retroactively. Even put old IRA and 401k money in Bitcoin, gold or your own |
| 1:20.1 | business, get control of all of your retirement money, tax and penalty free. Text EQRP in all |
| 1:26.3 | capital letters to 72,000. |
| 1:30.3 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:37.8 | This is Get Rich Education. |
| 1:53.5 | Yeah. education. Welcome to GRE from Hot Springs, Arkansas to Palm Springs, California, and across 188 nations worldwide, |
| 1:59.8 | you're listening to one of America's |
| 2:00.9 | longest running and most listened to shows on real estate investing. |
| 2:05.3 | Also with a strong dose of economics and wealth mindset, this is Get Rich Education. |
| 2:10.7 | I'm your host Keith Weinhold. |
| 2:12.3 | Home prices exploded. |
| 2:14.7 | That began last year. |
... |
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