439: Grappling with Rising Property Expenses, Defensive Investing

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 6 March 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

High inflation has a downside for real estate investors too.

Property insurance costs are up 17% year-over-year. Turnover costs have surged 15%. Utility costs up 10%, property taxes up 4%.

The obvious way to deal with higher property costs is to raise the rent.

I see more lease agreements where tenants must pay for $200 worth of repairs per occurrence.

ChatGPT wrote real estate rap lyrics for me and even a podcast script. But I tell you why I won’t use either one.

M.C. Laubscher, the Cashflow Ninja joins us. He tells us how to avoid big financial mistakes, earn tax-free returns with liquidity, and the defensive investing strategy mindset.

He tells us why future tax rates will probably be higher. High cash value life insurance can help, sometimes known as the “Infinite Banking Strategy”.

Learn why liquidity is so important for today’s RE investor.

We discuss how much cash you should hold onto. Is 6 months’ worth of expenses enough anymore?

Resources mentioned:

Show Notes:

www.GetRichEducation.com/439

Cashflow Ninja

Be your own bank:

YourOwnBankingSystem.com

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: [email protected]

Memphis & Little Rock property that

cash flows from Day One:

www.MidSouthHomeBuyers.com

Find cash-flowing Jacksonville property at:

www.JWBrealestate.com/GRE

Will you leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review”

Top Properties & Providers:

GREmarketplace.com

Best Financial Education:

GetRichEducation.com

Get our wealth-building newsletter free—text ‘GRE’ to 66866

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to GRE. I'm your host, Keith Bynhold. Overall, inflation's been great if you're a real estate investor, but what about the downside?
0:08.5	Grapling with the monster of your growing property expenses and then more defensive strategies that you can employ today with a great guest that will make you money today on Get Rich Education.
0:26.1	With JWB Real Estate Capital, Jacksonville Real Estate has outperformed the stock market by 44% over the last 20 years.
0:34.4	It's proven to be a more stable asset, especially during recessions.
0:38.5	Their vertically integrated strategy has led to 79% more home price appreciation compared to
0:44.1	the average Jacksonville investors since 2013.
0:48.0	JWB is ready to help your money make money and to make it easy for everyday investors.
0:53.2	Get started at jwb real estate.com
0:56.7	slash gRE. That's jwb real estate.com slash gRE.
1:04.6	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:12.0	This is Get Rich Education.
1:32.0	Welcome to GRI, from San Jose Costa Rica to San Jose, California.
1:35.3	And across 188 nations worldwide, I'm your host Keith Weinhold.
1:37.8	And this is Get Rich Education.
1:39.8	Playing defense?
1:42.4	We don't do much of that around here.
1:45.2	Don't live below your means, grow your means, and all of that.
2:02.2	Attributes like leverage and inflation profiting are great upsides. And though that's where we focus, you can still increase your profit margin and cash flow if you reduce your expenses. So let's talk about that. And yeah, high inflation has probably helped you raise the rent by now.
2:08.4	But what about grappling with your growing property expenses amidst high inflation and a labor shortage that can push up the rates that you have to pay your contractors and your other
2:12.9	help?
2:13.6	So let's talk about some of real estate investing's downsides today.
2:18.2	Everyone in the multifamily industry seems to have this new favorite topic of expense control.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Keith Weinhold, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Keith Weinhold and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.