395: Rents Are Skyrocketing—Here’s Why
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 2 May 2022
⏱️ 43 minutes
🧾️ Download transcript
Summary
Even when I was a landlord during the GFC fifteen years ago, my rents didn’t fall.
Rents are skyrocketing due to:
- Low housing supply
- Higher prices
- Higher interest rates
- Demographics. 25-34 year-olds are in prime household formation years. They want their own place. This is America's most populous age cohort.
Next, I talk with an Alabama / Florida builder about how he overcomes today’s material supply chain and labor shortage difficulties.
They have a 93-day build time.
How? They store windows so that they cannot run out.
Cabinets have been a problem so bad that they’ve had to leave homes 99% complete until cabinets were ready.
Lumber and petroleum product price volatility has been a challenge.
They have their own division for titling vacant land for future building.
Alabama has America’s 2nd-lowest property taxes. As an out-of-state investor, you get to pay property tax in the state where you own property, not where you live.
To get started with Alabama income property, start at: www.GREmarketplace.com/Alabama
This build-to-rent provider uses fixtures like: LVP, granite or quartz countertops, stainless steel appliances.
LTRs and STRs will be available shortly. Start at: www.GREmarketplace.com/Alabama
Resources mentioned:
Show Notes:
Get started with new-build AL & FL long and short-term rentals:
www.GREmarketplace.com/Alabama
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 877-74-RIDGE
JWB’s available Florida income property:
To learn more about eQRPs: text “GRE” to 307-213-3475 or:
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold. Rent amounts are skyrocketing in America today. Learn about the forces behind what's causing this surging rents. Then I talked to a home builder in one of America's investor advantage markets about how they overcome supply chain difficulties to provide badly needed new construction homes today on get rich education. |
| 0:24.5 | For accredited investors, if you've ever dreamed about making 10 to 12% of passive income |
| 0:29.6 | annually, Wagner and Alaska and his partners of professional syndicators have the answer for you. |
| 0:35.2 | Invest in one of the safest assets available on the planet, real estate. |
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| 0:44.4 | about these opportunities, visit I'maccredited.com or text 305-684-222-2 for your free investment |
| 0:53.0 | guide. |
| 1:03.3 | You know, a lot of investors choose either cash flow or home price appreciation, but one real estate market could provide both Jacksonville, Florida. |
| 1:08.0 | They've got 27% lower home prices and higher rents than the national median. |
| 1:12.2 | Their market has appreciated 34% more than other comparable cash flow markets over the last 30 years. Get positive cash flow today and above average appreciation |
| 1:17.6 | for tomorrow. They often have available inventory in Jacksonville. If you can believe that, |
| 1:23.2 | start at cash flow and growth.com. |
| 1:35.7 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:39.8 | This is Get Rich Education. Thank you. Welcome to Gare from Salem, Massachusetts to Salem, Oregon, and across 188 nations worldwide. |
| 1:58.4 | I'm your host Keith Weinhold. |
| 1:59.6 | This is Get Rich Education, episode 395. |
| 2:03.7 | Real estate prices keep climbing. Mortgage rates are up and rents are way up now, too. We're |
| 2:10.9 | going to focus on the rents today. But first, many fill in America's median home price has climbed to over $400,000 recently |
| 2:20.5 | because with higher mortgage rates, it's created this sense of urgency for buyers to buy |
| 2:27.3 | before rates go even higher and those prices become unaffordable. |
| 2:32.9 | We'll see how long that can continue. Now, |
| 2:35.4 | mortgage rates, that's that type of thing that often bounces up and down. They're somewhat |
... |
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