Episode #83: Buying Rental Property During the Pandemic, Owning Hard Assets and Profiting from Inflation with Keith Weinhold

Episode Summary

Keith Weinhold returns to the Maverick Show to discuss real estate investing during the pandemic. Keith explains some of the fundamental differences between the Great Recession of 2008-2009 compared with the 2020 recession, especially as related to the real estate market. Keith explains how current supply and demand factors are likely to impact U.S. home prices. He then goes on to explains how inflation works, why he believes an increase in inflation is coming, and why he recommends buying ‘hard assets’ now to prepare for it. Keith then goes on to talk about how turnkey residential investment property is the most advantageous hard asset of them all because it pays you 5 ways at the same time. He explains how buying and holding residential investment property with a 30-year fixed-rate mortgage enables you not just to protect your wealth from inflation, but to profit from inflation. Keith also discusses rental demand trends and why there is likely to be an increase in demand for single-family rental properties and a decrease in demand for commercial real estate, including apartment complexes. He then gives tips on how to navigate the recent national spike in unemployment, tenant defaults, the eviction moratorium, and as well as the mortgage forbearance opportunities. And finally, Keith names his Top 5 hip hop MCs for all time.  Full Show Notes Available at www.TheMaverickShow.com  

SCHEDULE A FREE CONSULTATION WITH MAVERICK INVESTOR GROUP ABOUT BUYING TURNKEY RENTAL PROPERTIES IN TODAY’S MARKET: www.TheMaverickShow.com/Consult

Get The Maverick Show's

Monday Minute Newsletter

Unsubscribe at anytime. You can read the
Privacy Notice and Terms of Use here.

Kick off each week with 3 personal
recommendations from me that
you can read in 60 seconds.

About the Guest

Keith Weinhold

Keith Weinhold is the founder and owner of Get Rich Education where he teaches people how to build wealth through buy and hold real estate investing. He is the host of the top financial podcasts, the Get Rich Education show which has millions of downloads from over 180 countries. He is also the international best-selling author of the book “7 Money Myths that are Killing Your Wealth Potential”. He writes for Forbes and the Rich Dad Advisors blog, and he is a member of the Forbes Real Estate Council. Keith has been an active income property investor himself since 2002. He owns apartments in Alaska and single-family income property across the continental U.S.

What You'll Learn

Why it is strategic to buy “hard assets” during the pandemic.
How to buy recession-resilient rental property and profit from inflation.
How to capitalize on the de-densification trend by owning single-family rentals.

Links From the Episode

Disclosure: This page contains affiliate links. If you click through any links and make a purchase, you should assume that Maverick will receive financial compensation (at no additional cost to you). We greatly appreciate you using our affiliate links because it helps to support the show and cover production costs of the podcast.

SCHEDULE YOUR FREE REAL ESTATE INVESTING CONSULTATION WITH MAVERICK INVESTOR GROUP

LISTEN TO KEITH’S GET RICH EDUCATION PODCAST

GET KEITH’S BOOK FOR FREE

7 Money Myths That Are Killing Your Wealth Potential

OTHER MAVERICK SHOW EPISODES MENTIONED

02: The 5 Ways Real Estate Investors Get Paid, Time-Asynchronous Lifestyle Design, and Volcanic Night Hikes Over Orange Lava with Keith Weinhold

KEITH’S WORKOUT RECOMMENDATION

GravFitt (Daily Home Workouts)

KEITH’S TOP 5 HIP HOP MC

PLACES WHERE THE INTERVIEW TOOK PLACE

OTHER PLACES MENTIONED

SCHEDULE YOUR FREE REAL ESTATE INVESTING CONSULTATION WITH MAVERICK INVESTOR GROUP

Time Stamped Show Notes

[5:29] Keith shares his experience “sheltering in place” in Anchorage, Alaska during COVID-19

[6:19] Keith talks about his international trip to India in early 2020

Reflections on visiting the Dharavi slum in Mumbai
Keith’s experience visiting the backwaters of Kerala
The culinary experience in India

[12:08] Explaining the fundamentals of the 2008 recession

NINJA loans, speculation and unsustainable home price increases leading up to 2008
Sustainable appreciation and responsible lending leading up to the 2020 recession

[17:56] How Maverick Investor Group helps people buy recession-resilient rental properties

How Maverick helps you buy cash-flowing rental properties in investor-advantaged markets
How Maverick clients make money when they buy, without speculating

[19:49] Understanding COVID-19’s impact on supply and demand in the real estate market

Why the demand for single-family rental property is increasing
Why Keith does not think home prices will see a substantial drop
How the government is stabilizing home prices by offering mortgage forbearance

[24:20] Breaking Down Analysis of Different Real Estate Market Segments

Why commercial real estate may see decreasing demand
Why single-family rental properties will likely see increasing demand

[26:58] The De-Densification trend of renters moving from apartments to single-family rentals

Keith’s experience of owning both apartment buildings and single-family rentals
Why Keith favors single-family rentals and sees increasing rental demand coming

[29:04] How Inflation works and why it is likely to increase

How a near-doubling of the money supply in just a few years could lead to high inflation
How inflation works and impacts our everyday lives

[31:54] The most strategic investment to make at this time

Why it is smart to buy “hard assets”
Why residential rental property is the most advantageous hard asset to hold
How residential investment property pays you 5 ways at the same time
Why rental property returns beat other asset classes even with no appreciation or cash flow
Why it’s crucial to own the deeded house yourself and not buy into syndication or REIT
Why buy and hold real estate investors are not rattled by home price fluctuations

[38:31] How owning a rental property with a mortgage enables you to profit from Inflation

How real estate investors win “the inflation triple crown”
Profiting from inflation on home prices, cash flow, and mortgage debt debasement

[43:09] How to Navigate Rising Unemployment, Rental Defaults, and the Eviction Moratorium

How tighter mortgage standards are increasing rental demand
How the mortgage forbearance program helps offset tenant defaults during the moratorium
Qualifying new tenants in the new economy
How to reduce the default risk when placing new tenants during the moratorium
Buying in real estate markets with industries that can thrive during the pandemic

[49:35] How to Schedule a Free Consult with Maverick Investor Group

Schedule a one-on-one consultation about how we can help you meet your personal real estate investing goals
Why Keith refers his followers to buy rental properties through Maverick Investor Group

[51:16] The Lightning Round