425: Short-Term Rental Tiny Homes

Get an update on how the work-from-home trend is good for residential RE and bad for office RE. Office space values are down 17.5% from their recent peak. Americans must now earn at least $107,281 to afford the monthly mortgage payment on a median-priced home. The NAR expects 10% home price appreciation this year, 1% in 2023, and 5% in 2024. The tiny home movement is both architectural and structural. It's defined as a home of 400 sf or less. Tiny homes are hard to find. In the US today, just 0.3% of listed homes are tiny homes. You can own a new-build tropical tiny home near the beach in Nicaragua for under $200K. Our own COO, Aundrea, bought one. She tells us about it. It's on Nicaragua's west coast. It's not just an isolated tiny home experience. There's a community with a: restaurant, bar, bird watching area, butterfly garden, viewing tower, yoga area, and communal garden. Often, loans aren't available for foreigners. Here, you can get 50% or 80% loans. You can live in this tropical tiny home year-round, or keep it as a short-term rental. The provider can manage your rental. Resources mentioned: Show Notes: www.GetRichEducation.com/425 Get started with tropical tiny homes at: GREmarketplace.com/tinyhomes Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: [email protected] JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search "how to leave an Apple Podcasts review" and do this for the show. Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

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This episode was published on November 28, 2022.

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