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142: Today’s Lessons From The Housing Crisis and Mortgage Meltdown of 2007-2009

By Keith Weinhold

Keith’s $530,000 four-plex dropped in value to $480,000 during the 2007-09 Mortgage Meltdown. Lessons from the Housing Crisis of 2007-2009 still influence Keith’s investing today. Our guest, Damion Lupo, lost worse than Keith at this time. His $20M portfolio imploded. Damion spent over a million dollars on seminars alone. He recklessly went all-out by purchasing 150 rental units across 7 states more than a decade ago - without regard for cash flow. It crashed. Today, his firm, Total Control Financial, helps you control your financial future with self-directed IRA and Solo 401K services for optimized retirement planning. Top takeaway: Buy for cash flow in stable economic metro markets. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 00:57  Keith’s $530,000 four-plex dropped in value to $480,000 in the 2007-09 Mortgage Meltdown. 15:37  If Damion could do it all over again, what would he do differently? 20:04  Harvesting equity. 24:29  Damion won’t do deals with people in their 20s. 26:30  The next crash. 34:14  Hard money loans. 42:25  Retirement. 49:26  Choose stable markets in the Midwest and South. Resources Mentioned: TotalControlFinancial.com Investopedia.com NoradaRealEstate.com HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com    

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