435: Big Real Estate Prediction, How to Analyze Deals
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 6 February 2023
⏱️ 44 minutes
🧾️ Download transcript
Summary
Learn my new outlook for 2023 and 2024 home prices.
First, I follow up on my real estate prediction of 9%-10% appreciation for last year. You learn exactly how I performed.
Why aren’t real estate prices expected to rise or fall substantially in the near future?
Affordability is an upside constraint to home price growth. Low supply protects against a substantial price downside.
So many have wrongly predicted a recession by now. (I have never said any such thing.) The latest GDP and jobs numbers beat expectations, frustrating gloom-and-doomers.
It’s even possible that the Fed engineers a “soft landing”.
Not all is well. 64% of Americans live paycheck-to-paycheck. America has galactic-sized debt. We have a labor shortage. Inflation is still high.
Mortgage rates have hit a five month low, now near 6%.
There are three ways you can save thousands of dollars in today’s real estate market.
1 - Many sellers are crediting income property buyers 2% of the purchase price at the closing table. You can use this to buy down your interest rate.
2 - Free property management for up to 2 years.
3 - Rent guarantee. This means that if your property is vacant, the seller pays rent until the property is occupied.
The third one above is the only one expected to last long-term.
On your next income property purchase, our free in-house Investment Coach can help you get these incentives. Start with Naresh at: GREmarketplace.com/Coach
Hayden Crabtree, founder of My Property Stats joins me.
His real estate deal analysis software helps you organize your existing real estate portfolio and analyze future deals.
He’s also a successful author and specializes in RV & boat storage properties.
GRE listeners get a 10% discount on his real estate analysis software at MyPropertyStats.com/GRE. Use Discount Code ‘GRE’ for 10% off your first year.
Resources mentioned:
Show Notes:
GRE listeners get a 10% discount My Property Stats
real estate analysis software:
Get started with our free coaching on your next
GRE Marketplace income property purchase at:
RE values rose 10.2% in 2022: https://www.cnn.com/2023/01/20/homes/existing-home-sales-december/index.html
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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Our YouTube Channel:
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 Weinhold. What's the state of the real estate market today and where we headed next? |
| 0:06.6 | I'm also going to tell you specifically about how you can make thousands of dollars on your next real estate buy, then a helpful tool for analyzing real estate deals today on Get Rich Education. |
| 0:21.4 | Mid-South homebuyers with over two decades as the nation's highest rated turnkey provider, |
| 0:26.8 | their empathetic property managers use your return on investment as their North Star. |
| 0:32.7 | It's no wonder smart investors line up to get their completely renovated income properties like it's the newest |
| 0:39.0 | iPhone. Headquartered in Memphis with their globally attractive cash flows, Mid South has an A-plus |
| 0:44.7 | rating with the Better Business Bureau and 4,000 houses renovated. There is zero markup on maintenance. |
| 0:52.0 | Let that sink in. And they average a 98.9% occupancy rate with an industry |
| 0:57.2 | leading three and a half year average renter term. Every home they offer you will have brand new |
| 1:02.4 | components, a bumper to bumper one year warranty, new 30 year roofs, and wait for it, a high |
| 1:08.4 | quality renter in an astounding price range, 100 to 150K. |
| 1:13.6 | Get to know MidSouth. |
| 1:14.7 | Enjoy cash flow from day one at midsouth homebuyers.com. |
| 1:19.6 | That's midsouth homebuyers.com. |
| 1:24.3 | GRE listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. |
| 1:30.5 | They've provided our tribe with more loans than anyone. |
| 1:33.5 | They're truly a top lender for beginners and veterans. |
| 1:36.2 | It's where I go to get my own loans for single family rental property up to four plexes. |
| 1:42.3 | So start your pre-qualification and you can chat with President Chaley Ridge personally. |
| 1:46.7 | They'll even deliver your custom plan for growing your real estate portfolio. |
| 1:51.1 | Start at ridgelendinggroup.com. |
| 1:57.0 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
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