Episode Details

Watch the video of today's podcast intro here.

Are starter homes a thing of the past? Did the Fed just win? I provide commentary and perspective on both.

Hear clips from: Donald Trump, Jamie Dimon, and Jerome Powell.

Then, I answer four listener questions:

Should I make my first real estate investment a new development from raw land?

Does it make sense to sell some rental properties, pay off others, and make my life easier?

My returns are down because my property repair bills are higher than expected. What should I do?

Since the government has high debt, won't they keep printing dollars?

If you have a listener question, ask it here: GetRichEducation.com/Contact

Timestamps:

The state of the real estate economy [00:00:01]

Home prices and housing supply [00:01:33]

Analysis of home prices reaching new highs, the decrease in new listings, and the impact on housing supply.

Mortgage rates and the future of interest rates [00:03:54]

Insights on the direction of mortgage rates, the unlikelihood of rates returning to the 3% range, and the opinions of Lawrence Yun, the chief economist at the NAR.

The Fed's Soft Landing [00:10:31]

Discussion on the Federal Reserve's efforts to control inflation and maintain economic stability.

Building Development as a First Investment [00:12:49]

Advice on whether it is a good idea for beginners to invest in land development and the challenges involved.

Acquiring More Property or Paying Down Debt [00:19:02]

Advice on whether to continue acquiring properties or pay off existing debt and downsize for a more enjoyable life.

The philosophy of debt [00:21:11]

Debt can be beneficial and indicate wealth, as seen in examples of successful individuals with high levels of debt.

Managing repair costs for rental properties [00:24:18]

Charging tenants for the first portion of repair bills can incentivize them to make minor repairs themselves and reduce long-term repair costs.

Inflation and government debt [00:30:12]

Inflation can debase government debt, reducing its value, similar to how it affects personal debt. The US government's ability to print money allows for easier repayment of debt.

The housing supply and marketplace [00:31:30]

Discussion on the historically low US housing supply and the importance of staying up to date with the inventory and other elements in the real estate market.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/459

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

Find cash-flowing Jacksonville property at:

www.JWBrealestate.com/GRE

Invest with Freedom Family Investments. You get paid first: Text 'FAMILY' to 66866

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