4.9 • 805 Ratings
🗓️ 21 November 2024
⏱️ 16 minutes
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0:00.0 | This is a bonus episode of the rental income podcast. And now, Dan Lay. |
0:07.5 | I've heard it's possible to get government grants to buy real estate, but I've never actually |
0:11.8 | met anyone that's done it. Matthew, I wanted to bring you on the show today because you're |
0:16.6 | an expert on government grants. You've written books about this. You've done consulting. I want to pick your |
0:22.4 | brain and find out how regular people can get grants to buy rental properties. But before we get |
0:28.6 | into that, let's talk about why. Like, why would the government give away grants for regular |
0:34.8 | people to invest in rental properties? |
0:39.7 | Well, it's their job. |
0:45.4 | Really, I mean, that's why we have a government, and we have a capitalist system, |
0:50.3 | and that accounts for about, oh, about two-thirds of our economy is capitalism. |
0:53.1 | The other third is really community. |
0:57.3 | It's people helping people. It's non-profit organization and government programs. So we have, the government gives out like $4 trillion on grants |
1:04.1 | to individuals to improve their lives. And when you improve your life, you improve, you know, |
1:10.8 | the community. They pay for schools, you improve, you know, the community. You know, |
1:12.0 | they pay for schools, right? So everybody gets smart, okay? If they help you start a business, |
1:17.1 | then you're going to contribute to the economy and you'll create jobs. That's the reason, |
1:22.2 | and that's how these people get elected. If nobody's working, they get pissed off and they'll vote the people out. So they put in |
1:30.9 | programs to help people create economic opportunities for other people and themselves. |
1:36.4 | The way this works is that Congress will pass a bill that they want to improve communities |
1:41.2 | and bill a lot, a certain amount of money that they're going to give |
1:44.7 | away. But Congress doesn't actually give out money to people like me and you. They give the money |
1:50.8 | to different counties and cities and nonprofit organizations. And then they create programs where |
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