Wall Street Journal Reports, “Home prices notched their strongest year-to-date gains since 2005, climbing 5.9% through July and signaling the housing market’s steady trudge toward recovery.” (Sept, 25, 2012)
Could it be that it’s time for investors to jump back in to real estate?
In this episode of Straight Talk Wealth Radio, I interview two outstanding guests on the matter:
Economist, Rodney Johnson: President of Harry S. Dent Enterprises. Rodney speaks in detail about how the new real estate opportunities will be different than the real estate boom and bust of ’02-07, and some hidden land-mines in the current economy that could challenge the real estate recovery.
Who is best positioned to play the game this time, and who would likely lose? Will real estate simply be another asset your portfolio allocation, or will it be a full-time job, not for amateurs? Rodney discusses all of this with me in the first half of the show.
Self-made millionaire and real estate investor, Grant Cardone: Born into modest means, Grant’s father died when Grant was 10 years old, and his mother, who could not even balance a checkbook, was left to care for him and his siblings. From these humble roots Grant Cardone has become a multi-millioniare from a combination of building businesses and investing in multi-family real estate.
In this searching interview, I prompt Grant to discuss what has set him apart to be a big success in business, when so many fail every year, and how Grant went about balancing income from working, and income from investing. It is an inspiring tale that reminds us that life can be tough, and only real tigers make it to the top.
PLUS – A VERY SPECIAL BONUS FOR LISTENERS: Listen to the show and learn how you can acquire an invaluable tool from Straight Talk Wealth Radio for free – The Real Estate Investment Analyzer! This all-purpose spreadsheet can help you analyze any residential real estate deal for:
Cash Flow: How much net income will the property produce in 5 years, 10 years, 20 years, etc.?
Equity Growth: Given pay-down of the loan and inflation of the property values, what will your investment be worth through the future?
Exit Strategies: Rarely understood by new investors until they’re decades in to the property, is the “1035 trap”. When investors often find that their cash flow can be inadequate to support their retirement lifestyle, they may have more than enough money for retirement trapped in the equity. However, the IRS lays claim to a big portion of those values if you try to tap into them. With this analyzer you can predict in advance how much of your investment growth you will own and how much the IRS will own as your silent partner. In this way, you can begin to strategize from the very beginning of leveraging IN to a property, what plans you should make for exit strategies and liquidity further on down the road. (Has a special link to help you learn how to avoid the 1035 trap and defer capital gain taxes.)
Listen to the show, then click here to request your FREE Retirement Roadmap study and Real Estate Investment Analyzer tool. Please note: The Real Estate Investement Analyzer tool will be made available to you when we deliver the Retirement Roadmap study. To learn more about our signature Retirement Roadmap study, see this article.