Episode Details
Back to EpisodesYour Cash Flow, HELOCs | Real Estate Technology with Daren Blomquist
Description
#198: The five ways real estate pays you, your monthly cash flow and using HELOCs are three listener questions that I answer today.
Home inventory is so low that machine learning and artificial intelligence are being used to predict when someone is likely to sell.
ATTOM Data's Daren Blomquist tells us where today's housing values are compared to pre-recession peaks.
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1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
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Listen to this week's show and learn:
00:57 How would $1,500 monthly cash flow help me?
04:00 The "5 Ways" real estate pays you.
06:40 HELOCs.
26:16 Daren Blomquist interview begins.
29:00 Machine learning, artificial intelligence in real estate.
35:00 Higher mortgage interest rates = higher home prices.
38:18 National median housing prices vs. "pre-crash" highs.
40:30 Housing values in "stable" markets.
43:38 Get Rich Education TV.
Resources Mentioned:
Get Rich Education TV: GetRichEducation.tv
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Apartment Investor Mastery: BradSumrok.com
Turnkey RE: NoradaRealEstate.com
Find Properties: GREturnkey.com
GRE Book: GetRichEducation.com/Book
Education: GetRichEducation.com
Hey, welcome in to Get Rich Education, Episode 198. I'm your host Keith Weinhold and I'm going to answer a few listener questions today…
...about your cash flow, your total rate of return, and finally, Home Equity Lines Of Credit. Then we're going to have one of the top real estate trend trackers in the nation join us here later.
Let's get right into it. Ellis from Gastonia, North Carolina asks,
"Keith, Episode 188 had a great breakdown of how run you all of the numbers on an income property. The thing I'm wondering about is that your example only resulted in a positive cash flow of $150 on that property.
With the maximum of 10 conforming loans that we can get, that's only $1,500 in monthly cash flow. How would that be enough for us to leave our job?" Thanks, Ellis.
And, of course, not everyone that listens here wants to have their passive real estate income replace their passive job income. Though many do.
...and it's not a get rich quick thing...it's about incrementally building up durable cash flow streams over years.
Well, Ellis, and I'm not sure how many shows you've listened to.
That example of the $150 cash flow was just for one SFH - and really for one of the lower-cost ones - the purchase price on that was 70-some thousand dollars. It was in Memphis.
So most of the income properties you buy will have a higher purchase price, higher figures, and often a higher cash flow.
Really, $1,500 with ten p