367: What Happened After The Eviction Ban with Ken McElroy, Alabama Markets
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 18 October 2021
⏱️ 36 minutes
🧾️ Download transcript
Summary
I’m in Birmingham, Alabama for a real estate field trip today.
Alabama is an investor-advantaged real estate market: low cost of living, some of the nation’s lowest property taxes.
Mindset: I tell a story on affording the time.
One of the most prolific real estate authors, Ken McElroy, joins us.
I ask him about what happened to his 2021 housing crash prediction.
Ken & I discuss why there haven’t been more evictions since the national eviction ban ended.
We explain why don’t believe this will be massively disruptive. It matters. But to me, evictions will be a diffuse condition, not a sudden one.
Sadly, if a tenant owes their landlord tens of thousands of dollars, they’ll rarely pay.
Ken describes how he’s actively buying big real estate deals in today’s environment.
Ken gives a new “mark my words” prediction today.
Resources mentioned:
Learn more about Ken McElroy:
Birmingham, AL investment property:
www.GetRichEducation.com/Birmingham
Huntsville, AL investment property
www.GetRichEducation.com/Huntsville
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold nearly two months ago. We saw the end of the national |
| 0:05.5 | eviction ban. Now that non-paying tenants can more easily be evicted again, why hasn't there |
| 0:11.0 | been a big wave of evictions? I've got answers here. More on the rapid rate of rent increases |
| 0:16.9 | today. And nearly a year ago, today's guest made a prediction of a housing price crash this year. |
| 0:23.3 | I'm going to ask him what happened to that. |
| 0:25.5 | It's the return of Ristad Real Estate Advisor Ken McElroy and I today on Get Rich Education. |
| 0:33.3 | 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. |
| 0:41.7 | With over 3,000 Florida units at different construction stages, they are exclusively for investors. |
| 0:48.0 | President Wagner and Alaska and team also invest strongly in their own product, that's belief. |
| 0:53.7 | Start at build to rent direct.com. That's build |
| 0:57.0 | the number two, rent direct.com, or text 407, 927, 5074. Hey, is your IRA in a real estate |
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| 1:34.9 | Text EQRP in all-cap of letters to 72,000. |
| 1:41.2 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:48.5 | This is Get Rich Education. |
| 2:09.7 | You're listening to one of America's longest running and most listen to shows on real estate investing, |
| 2:15.1 | also bringing you a steady dose of real estate economics and wealth mindset. |
... |
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