May 16, 2020: 1-Day Online Expo
I was interviewed by Joe Fairless on his Podcast “The Best Real Estate Investing Advice Ever”.
You can find my interview on Joe Fairless’ podcast website: https://joefairless.com/best-ever-show-2/
My interview can be found under: JF2152 or via a search on my name.
The interview title is:
Joe was a great interviewer, and I enjoyed our talk. I didn’t only discuss the best markets. I talked about the awesome power of the FIXED 30-year financing we get only in the U.S. (it doesn’t exist in other countries, to the best of my knowledge).
Getting a mortgage with a fixed rate means inflation becomes your best friend, as it constantly erodes the real value of your monthly payment, as well as your loan balance. You usually don’t have to wait for 30 years. About half way through the loan term, the balance of the loan usually looks like a joke, and so does the monthly payment. I go into more detail about this important (and overlooked) point in articles I had written, in my books, and in my television show, the PBS Special “Remote Control Retirement Riches”. I’d be happy to send you the articles, as well as a link to the PBS show. Just email us at info@wordpress-477489-3816299.cloudwaysapps.com.
I talk about the future financial transformation that buying new single family homes as rentals in the right markets. You buy in a good area. Local brokers help you and local property managers handle the home for you.
Over the past 35+ years, thousands of investors have bought over 10,000 rental homes in the best markets in the country. We have people from across the ocean investing as well. Clearly, the idea is that local managers do the heavy lifting for you. Now you can be as busy as you probably are, and still build a future-changing portfolio.
We started with me as a busy Silicon Valley engineer. I needed managers to handle the properties for me. Now they help you as well.
Joe asked me towards the end about losing money. I forgot to tell the story of how I “lost” money by simply having to learn the “art of doing nothing”. It took a few recessions for me to finally learn that when a recession is in progress, the best action for the owner of a rental home to do is “nothing” (the hardest thing for us to do , or “not do”).
Until I learned how to do nothing, I got rid of homes during recessions, and while that was not a direct loss, it prevented me from benefiting from those homes in the future, to the tune of a lot of money.
I enjoyed the interview very much, and I hope you find it useful. I hope it can change your future.