He Bought a House in 2015. In 2035, He Regrets EVERYTHING. | 1479

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 2 May 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, we follow the journey of Ethan Wallace, a logistics coordinator from Phoenix, who saw his mortgage payments soar from $1,500 in 2015 to $3,400 in 2025, and eventually faced renting for $6,000 a month by 2035. We delve into the economic factors and decisions that led to this financial strain, contrasting it with the story of Enrique Silva, who navigated the same landscape but made one critical investment decision that created a lifetime of passive income. By purchasing rental properties and letting time appreciate their value, Enrique built substantial wealth and financial freedom. The episode underscores the importance of smart real estate investments and the urgency to act as market conditions rapidly evolve. About that thing in Vegas: https://docs.google.com/document/d/1WCsH9-05vQzgZf9MAGBpUahyTqBcu9VgVqQ8pcACMT8/edit?tab=t.0 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at rei-aise.com.
0:23.5	Let's go, let's go, let's go, let's go, let's go, let's go, let's go.
0:27.4	Let's go.
0:28.3	In 2015, you could have bought this home for $2,000 a month.
0:32.7	In 2035, it's going to run you $6,000 a month to rent.
0:37.3	I'm going to show you what happened in between.
0:39.0	We're going to follow one man's journey to reveal how it happened to step by step year by year.
0:44.0	And the reason I'm doing this is because of this graph. It's going up fast, which is a problem.
0:49.4	Let's start in 2015, where Ethan's story begins. Ethan Wallace is 35, married, two kids, boy and a girl, lives in Phoenix, Arizona, works
0:59.7	as a logistics coordinator.
1:01.2	Household income, $71,000 a year.
1:03.8	It's about $4,400 a month after taxes.
1:06.4	He just bought a home, a simple three-bedroom, two-bath, ranch-style house with a small backyard,
1:11.5	dated beige carpet and kitchen appliances from the early 2000s.
1:15.5	Nothing fancy, but it's in a decent school district with friendly neighbors.
1:19.2	$290,000.
1:20.4	He put 20% down, locked in a 30-year-fixed mortgage at 3.85%.
1:25.3	Principal and interest?
	...

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