Explore the evolving challenges in the U.S. housing market, from skyrocketing prices to rising interest rates, affecting various generations. Discover how the shift towards a 'renter nation' impacts millennials and Gen Z, contributing to a growing wealth gap. Learn about the crucial link between affordable housing and economic growth, and the challenges new businesses face. Delve into the importance of cash flow for entrepreneurs and the benefits of recurring revenue models, offering strategies for sustainable business success.
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insights INSIGHT
Housing Market Divide
Housing affordability has decreased, benefiting existing homeowners while pricing out others.
Those who bought houses before price increases can downsize or upgrade due to increased equity, creating a divide.
insights INSIGHT
Rising Homebuyer Age
The average homebuyer age increased significantly in a short period, indicating affordability challenges for younger generations.
Wage growth hasn't kept pace with rising house prices and interest rates, exacerbating the affordability crisis.
insights INSIGHT
Renter Nation
More people are being forced into rentals due to the affordability crisis in housing.
This 'renter nation' trend delays homeownership, impacting long-term wealth building through equity.
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the secrets of finding hidden profits most investors miss
Ken McElroy
This book provides a comprehensive introduction to real estate investing, covering fundamental concepts and strategies for beginners. It offers practical advice and real-world examples to guide readers through the process of acquiring, managing, and profiting from real estate investments. The book emphasizes the importance of financial planning, risk management, and building a long-term investment portfolio. It also explores various investment strategies, including flipping, wholesaling, and buy-and-hold. The book is written in a clear and concise style, making it accessible to a wide range of readers.
The ABC's of property management
Ken McElroy
This book offers a practical guide to property management, covering essential aspects of managing rental properties effectively. It provides comprehensive information on tenant screening, lease agreements, rent collection, maintenance, and legal compliance. The book also explores strategies for maximizing rental income, minimizing expenses, and building strong relationships with tenants. It includes real-world examples and case studies to illustrate best practices in property management. Readers will learn how to manage their properties efficiently and profitably, while adhering to legal and ethical standards.
The advanced guide to real estate investing
how to identify the hottest markets and secure the best deals
Ken McElroy
Building upon the foundation laid in "The ABC's of Real Estate Investing," this book delves into more advanced strategies and techniques for experienced investors. It explores sophisticated financial modeling, tax optimization strategies, and advanced deal structuring. The book also covers topics such as raising capital, managing large portfolios, and navigating complex legal and regulatory environments. It provides in-depth case studies and real-world examples to illustrate the application of these advanced techniques. Readers will gain a deeper understanding of the complexities of real estate investing and learn how to maximize their returns.
Ken & Danille explore the evolving challenges of the U.S. housing market, highlighting skyrocketing prices and rising interest rates and how they impact different generations. From the growing trend of "renter nation" to the widening wealth gap between millennials and Gen Z, we discuss the long-term consequences for affordability, equity, and retirement. They finish up with a discussion on what it takes to run a successful business, with Ken giving his insights.
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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