Eighteen million Americans are what the real estate industry refers to as house-poor or housing cost-burdened. Those are people spending more than 30 percent of their monthly income on housing costs like their mortgage costs along with other expenses like insurance and utilities. NTD looks into some of the factors of house poorness. Watch
In the labyrinthine world of real estate, few voices echo with as much authority and foresight as Keith Weinhold. As the founder of Get Rich Education and a distinguished member of the Forbes Real Estate Council… Read more
In this era, I believe that an American housing crash is certain. But, come on now. No one has clairvoyance, so how can I be absolutely certain? It’s because… Read more
This month at Physician Outlook Magazine, we have put together a list of great websites or podcasts to help all of our readers through various components of interest or struggle during the COVID-19 pandemic.
FOR YOUR FINANCIAL CONCERNS
Get Rich Education Read more
TOMS RIVER, N.J., Jan. 15, 2020 /PRNewswire-PRWeb/ — The influential real estate investing education company Get Rich Education (GRE) won a registered trademark for the phrase: “Don’t Quit Your Daydream®” from the U.S. Patent and Trademark Office.
The obvious “Don’t quit your day job.” Read more
Inflation recently hit its highest level in 30 years. This diminished purchasing power of the dollar is an economic malady to consumers. If your $9 Chipotle burrito increases in price to $10, then you’re “worse off” if your wage does not keep up proportionally. Savers are also punished by inflation. With today’s savings account rates near zero, at a 5% inflation rate, $1 million is diminished to $950,000 of purchasing power in just one year. Read more
Many of the people who say “I want to be frugal” don’t really want to live frugally. They’d probably be more accurate to say, “I want to live well.” In my experience, they simply don’t know about a vehicle for wealth creation like carefully purchased real estate Read more
You can either be a conformer or you can build wealth. The choice is yours.
“Putting your money to work for you,” despite being a popular piece of advice for generations, does not build wealth. If you were one of Apple or TikTok’s earliest investors with your own money, congratulations. But those stories are exceedingly rare. Read more
As a 17-year real estate investor, I could also be the northernmost real estate professional you know. You might have heard about the magnitude 7.0 earthquake that recently struck my hometown of Anchorage, Alaska.
It made world news: Highways collapsed; structures crumbled; power went off. Read more
As a 16-year active real estate investor, I find that many first-time investors have a bad experience with real estate. Why? I believe it’s because they tend to lead with emotion and start looking at properties too soon. Picture this: You drive past a blue duplex twice a day with pretty window shutters and pristine landscaping that you’ve long admired. Read more
Home equity is an awful investment. It is unsafe, illiquid and its rate of return is always zero. Home equity is your “skin in the game” — it’s the difference between your home’s value and how much you owe on the loan.
If you own a $500,000 home and owe $400,000 on the loan, you have $100,000 in equity. Read more
In an increasingly digital world, geography still matters in real estate.
For investment, you must evaluate a market before you even look at a property, but many investors get that part backward. An economically viable market supports price gains, rent growth, occupancy and population expansion; a depressed market does not. Read more
As a 15-year real estate investor, author, Rich Dad Advisors writer and long-time real estate investing podcast host, I’ve found that homeowners and investors alike still champion the largely antiquated ideal of a “paid off” property. Inflation is just one of many reasons to consider maintaining a mortgage.
What Is Inflation? Read more