179: Why Money Is An Abundant Resource, Your Velocity Of Money, Uber Kills Parking
Why Money Is An Abundant Resource, Your Velocity Of Money, Uber Kills Parking
Money is an abundant resource. I tell you why. When you’re looking to move accumulated equity, should you do a: 1) Straight sale. 2) 1031 Tax-Deferred Exchange. 3) Cash-out refinance. Avoid lazy money. My personal internet bill is $145, cable $126, phone around $100. Who cares? You learn how much I like to spend on a hotel. Uber and Lyft are killing the parking business. Learn how to estimate rental property operating expenses.
Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week’s show and learn:
00:52 Wealthy people’s money either starts in RE or ends up in RE.
02:03 Listener question about 1031 Exchange vs. Cash-Out Refinance.
13:20 Lazy money.
15:04 Other podcasts.
16:09 Free book.
19:11 More on Dave Ramsey.
20:26 Why money is an abundant resource.
24:36 “Uber Really Is Killing The Parking Business”.
29:18 Residential real estate is here to stay.
30:07 “Return On Life” and passivity.
32:47 Don’t underestimate rental property expenses.