432: Everyone is Secretly Moving Here, Should You Rent or Own Your Home?
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 16 January 2023
⏱️ 49 minutes
🧾️ Download transcript
Summary
Everyone is moving here. Where is “here”? You get an answer that you never expected.
Among those that move, it’s not for job-related reasons. It’s housing-related.
The American mobility rate has declined from 20% in the middle of the last century to 8.4% today. Learn three reasons why more Americans are staying in-place.
Lower domestic migration can have positive results like: less stress, more community formation, longer tenancies, and a boon for the remodeling industry.
The negative impacts include headwinds for real estate agents and mortgage loan companies.
Should you rent or own the home that you live in?
Learn 18 rent vs. own trade-offs.
Paying rent is NOT the same as throwing money away.
Join me live on tomorrow’s webinar about car wash cash flow. You can ask me questions. Register free now at: www.GREwebinars.com
Resources mentioned:
Show Notes:
Join me live on tomorrow’s car wash webinar:
Most Americans Couldn’t Afford To Buy Their Own Home Today: https://thehill.com/policy/finance/3791139-most-americans-couldnt-afford-to-buy-their-own-home-today-survey/
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: [email protected]
Analyze your RE portfolio at (use code “GRE” for 10% off):
Memphis property that cash flows from Day 1:
I’d be grateful if you search “how to leave an Apple Podcasts review” and do this for the show.
Top Properties & Providers:
Best Financial Education:
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www.youtube.com/c/GetRichEducation
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Winehold. Everyone is secretly moving here. Where is here? I've got a |
| 0:07.6 | surprising answer on where everyone is moving and it's a place that you haven't heard about from any |
| 0:11.9 | other source and this is really going to surprise you. Then are you better off renting the home |
| 0:16.8 | that you live in or owning the home that you live in, more rent versus own pros and |
| 0:22.5 | cons than you ever would have imagined, including a lot of considerations that you probably |
| 0:26.7 | never thought about before, all today on episode 432 of the Get Rich Education podcast. |
| 0:35.5 | Mid-South homebuyers, with over two decades as the nation's highest rated turnkey provider, |
| 0:40.9 | their empathetic property managers use your return on investment as their North Star. |
| 0:46.8 | It's no wonder smart investors line up to get their completely renovated income properties |
| 0:51.8 | like it's the newest iPhone. |
| 0:55.3 | Headquartered in Memphis with their globally attractive cash flows, Mid South has an A-plus rating with the Better Business Bureau |
| 1:00.2 | and 4,000 houses renovated. There is zero markup on maintenance. Let that sink in. And they average |
| 1:08.7 | a 98.9% occupancy rate with an industry leading three and a half |
| 1:12.4 | year average renter term. Every home they offer you will have brand new components, a bumper-to-bumper |
| 1:18.1 | one-year warranty, new 30-year roofs, and wait for it, a high-quality renter in an astounding |
| 1:24.6 | price range, 100 to 150k. Get to know Mid-South. Enjoy cash flow from day one at |
| 1:31.5 | Mid-South Homebuyers.com. That's midsouth homebuyers.com. GRE listeners can't stop talking |
| 1:40.3 | about their service from Ridge Lending Group and MLS 42056. |
| 1:44.7 | They've provided our tribe with more loans than anyone. |
| 1:47.6 | They're truly a top lender for beginners and veterans. |
| 1:50.7 | It's where I go to get my own loans for single family rental property up to four plexes. |
| 1:56.1 | So start your pre-qualification and you can chat with President Chaley Ridge personally. |
... |
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