Get Rich Education
This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm show host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where...
S1 E551 · Mon, April 28, 2025
Is Florida Real Estate Doomed?
Keith discusses strategies for building wealth in real estate, emphasizing efficient property operations and leveraging. He suggests setting tenant occupancy limits, sub-metering utilities, and increasing rentable space. He explains the leverage ratio, which measures the relationship between debt and equity, and advises maintaining a high ratio for better returns. Hear his take on the Florida's real estate market, including falling property values, oversupply, and rising insurance premiums. Despite these issues, Keith remains optimistic about Florida's long-term potential due to its population growth and low taxes. Free Resources: Connect with a free GRE Investment Coach at GREinvestmentcoach.com Show Notes: GetRichEducation.com/551 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:00 Welcome to GRE I'm your host. Keith Weinhold, today, the two things you've got to focus on if you're ever going to build wealth as a real estate investor, why Trump wants to fire Fed Chair Jerome Powell, then, is Florida real estate doomed with falling property values, a housing oversupply, spiking insurance premiums and slowing population growth. It's episode 551, of get rich education. Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the wo
S1 E550 · Mon, April 21, 2025
Real Estate Pays 5 Ways: Your Audio Masterclass to Financial Freedom
Unlock the Wealth-Building Secrets of Real Estate Investing! Learn how strategic real estate investing can dramatically transform your financial future. Discover the Revolutionary "5 Ways You Get Paid" Strategy, updated for today's times: Appreciation: Turn a 5% property value increase into a potential 20% return Cash Flow: Generate steady monthly income from tenants Return on Amortization (ROA): Let tenants build your equity for you Tax Benefits: Enjoy generous government incentives for providing housing Inflation-Profiting: Transform economic challenges into your personal wealth generator Key Highlights: Potential 38% first-year return on investment No special certification or license required Ethical wealth-building using other people's money Proven strategy for creating generational wealth Simple, accessible investment approach for ordinary people Your wealth-building journey starts today! Share the wealth by sharing this episode with a friend. Free Resources: Connect with a free GRE investment coach at GREinvestmentcoach.com Download the infographic gift summarizing the five ways real estate pays here . Show Notes: GetRichEducation.com/550 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: <p di
S1 E549 · Mon, April 14, 2025
Who You Are vs. Who You Could Be with Loral Langemeier
Keith introduces the three types of freedom: time freedom, money freedom, and location freedom, and how real estate investing can provide all three. He is joined by special guest, Loral Langemeier, a global wealth expert, who shares her journey from a $25,000 investment to becoming a millionaire through real estate and mentorship. Debt is Not Negative: Loral emphasized that debt is simply the cost of money and can be a positive tool when used responsibly. Tax Strategies for Wealth Building: She introduced the "tax trifecta" - understanding how you make money, how to activate tax code deductions, and how to invest in alternatives like real estate to reduce taxes. Active Engagement and Mentorship: Loral stressed the importance of actively engaging in your wealth-building journey, getting the right mentors, and continuously learning. She believes the difference between those who succeed and those who struggle is their level of active participation and willingness to learn from experts. Resources: Ask questions and make requests at AskLoral.com to receive free tickets, ebooks, and other resources. Show Notes: GetRichEducation.com/549 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation
S1 E548 · Mon, April 07, 2025
A 7-Figure Income is the New 6-Figures, Car Loans, Pros and Cons of Turnkey Real Estate
Keith discusses the shift from a six-figure to a seven-figure income being necessary for a comfortable lifestyle and argues that a $5 million net worth is a minimum for financial security. He explains the benefits of leveraging a car loan for arbitrage, using a 3.99% interest rate to invest in real estate with a 20-25% total return. He also discusses the current state of the real estate market, noting that home prices and rents are expected to increase by 3-5% annually. Lower mortgage rates could increase affordability and bring more buyers into the market, potentially leading to higher home prices. Two-bedroom rents have increased by 3.7% nationwide, with significant growth in Nebraska metros. Resources: Get our wealth-building newsletter free— text ‘GRE’ to 66866 Show Notes: GetRichEducation.com/548 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold today, why earning a seven figure income is the new six figures? Then a discussion on the direction of real estate prices and rents. I just bought a car though I could have paid all cash. Why did I get a loan instead? Then learn about how to perform due diligence on buying an income property with the pros and cons of turnk
S1 E547 · Mon, March 31, 2025
Is Hyperinflation Ahead? People are Frightened About a Coming Depression
Keith shares some historical perspective on inflation highlighting the cost of a Taco Bell meal in 1999 to its cost today. He also touches on the concept of service inflation, where services like mail delivery and self-checkout at grocery stores have become less convenient but not cheaper. Keith reviews the historical performance of real estate during the last eight recessions, noting that housing prices usually rise during recessions. He explains the concept of the Inflation Triple Crown: asset price inflation, debt debasement, and cash flow enhancement. Housing prices usually rise during recessions, as demonstrated by historical data. Resources: To learn more about the Inflation Triple Crown go to: getricheducation.com/itc . Show Notes: GetRichEducation.com/547 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, is higher inflation or even hyper inflation now in our future, and is an imminent recession, or even worse, a depression lurking. What's it all mean for your investments and your real estate? We'll investigate exactly what happens to real estate during recessions, historically today, on get rich education, since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show t
S1 E546 · Mon, March 24, 2025
What the Bible Says About Money
Keith hosts a discussion with Pastor Jon Sanders on the Bible's teachings about money. They explore the context of biblical verses, emphasizing that wealth itself is not sinful but how it's used matters. They discuss tithing, noting it's a principle of generosity, not a legalistic rule. The Bible does not condemn real estate or property ownership, as it is not explicitly forbidden. Wealth can be a tool for doing good and providing housing for others. Resources: Explore the EntrePastors platform to learn more about Pastor Jon Sanders' work in helping pastors with entrepreneurship and financial management. Show Notes: GetRichEducation.com/546 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE, I'm your host. Keith Weinhold, what does the Bible say about money? Is it virtuous to acquire wealth, or are you going to hell for that one Bible verse reads, "it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God". I asked Pastor John Sanders all about it, as well as what other religions say about money today on get rich education since 2014 the powerful get rich education podcast has created more passive income for people than nearl
S1 E545 · Mon, March 17, 2025
Eliminating the Property Tax, DC Real Estate Crash, Future Inflation and Interest Rates
Register here for the live online event to learn about ‘Cleveland’s Amazing Cash Flow Opportunities’ on Thursday 3/20. Keith discusses the potential elimination of property tax, highlighting its impact on home affordability, rent stability, population influx, and retiree financial relief. Florida Governor Ron DeSantis supports a constitutional amendment requiring 60% voter approval to abolish property tax. Hear about the broader economic implications, including the potential for increased sales tax and widened wealth inequality. GRE Coach, Naresh, analyzes the impact of federal layoffs on the DC housing market, predicting a decline in home values and increased private sector job opportunities. Both emphasize the importance of the BRRRR strategy for real estate investors. Show Notes: GetRichEducation.com/545 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, there's a proposal to eliminate the property tax. Is a Washington DC real estate crash upon us, then a terrific guest and I are talking about the future of interest rates in inflation. And finally, an event you won't want to miss all today on get rich education. <p
S1 E544 · Mon, March 10, 2025
Stunningly High Returns with this Niche Real Estate Strategy
Register here for the live online event to learn about ‘Cleveland’s Amazing Cash Flow Opportunities on Thursday, 3/20. Keith discusses the current state of the real estate market, highlighting that single-family rents have risen 41% since pre-pandemic times, while multi-family rents have increased by 26%. Single-family rents have been rising faster than prices for nine months, benefiting investors. Austin, Texas, is an example of how increased supply can lower rents, as seen in their drop in rents after the city relaxed building regulations. Real estate strategy expert, Phil, joins us and explains how this niche method can offer high leverage and cash flow. Show Notes: GetRichEducation.com/544 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE I'm your host. Keith Weinhold, build it and rents will fall. I discuss the direction of rents and prices. Then a real estate strategy for all time that can generate 8x leverage with investor cash flow and the exact city that could be the most advantageous for it today on get rich education. since 2014 the powerful get rich education podcast has created more passive income for people than
S1 E543 · Mon, March 03, 2025
The Danger of Losing Your Job, How to Use AI for Real Estate
Register here for GRE's live online event to learn about ‘Cleveland’s Amazing Cash Flow Opportunities’ on Thursday, March 20th. Keith discusses the impact of recent federal job layoffs, emphasizing the importance of diversifying income sources. 40% of Americans experience job loss at least once in their careers, with men more affected. He advocates for real investing in real estate as a safety net. Seth Williams joins the conversation to discuss the use of AI in everyday life and real estate investing. Hear a practical example of how AI can help with real estate due diligence, such as reviewing municipal regulations and zoning rules. Resources: Check out Seth's resources, including the Pulse Inner Circle community , to learn more about practical applications of AI. Show Notes: GetRichEducation.com/543 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, amidst 10s of 1000s of federal workers recently getting fired. It's not rare, because throughout their working career, layoffs hit 40% of Americans. How do you hedge yourself against the danger of los
S1 E542 · Mon, February 24, 2025
A Home Loan Where No Monthly Payments are Required
Keith Weinhold and Caeli Ridge discuss the benefits of a type of loan that combines mortgage and banking features. This loan allows deposits to reduce principal first, every deposit acts like a payment, minimizing interest accrual. And can be used for cash-out refinancing, providing flexibility and potential tax benefits. Hear about the importance and the difference between open-ended and closed-ended loans. If you pay down the loan balance over time, you can have a spread that allows you to access that equity without having to requalify or pay additional closing costs. Resources: Explore the loan simulator at RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Show Notes: GetRichEducation.com/542 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold a discussion about the future mortgage rate direction. Then there's a property loan type where you don't have to make any monthly payments, and if you do make a payment, it all goes toward principal, and nothing is lost to interest. It can save you lots in interest expense over the life of the loan today on get rich
S1 E541 · Mon, February 17, 2025
Will a Boomer Selloff Make Housing Prices Crash?, This Vice is Destroying Young Men
Keith discusses the impact of baby boomers on the housing market, noting that contrary to popular belief, many boomers are choosing to age in place. He also addresses the negative effects of gambling, particularly sports gambling, on young men, including financial ruin and increased bankruptcies. 54% of baby boomers state that they will never sell their homes. People aged 55+ own more than half of U.S. homes. The overall population growth in the US has grown at its fastest rate since 2001, reaching over 340 million. Millennials and Gen Z, the largest generations, are driving future housing demand. Resources: GRE Free Investment Coaching: GREmarketplace.com/Coach Show Notes: GetRichEducation.com/541 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host, Keith Weinhold. All the baby boomers are about to sell off their homes and downsize, unleashing a glut of supply onto the market, and housing prices crash. Is there cogency to that theory or not? I give you a definitive answer, the Trump bump, then later, a pernicious vice is destroying more people's lives today, especially young men and almost no one is talking about this. It's leading to lower credit scores, more bankruptcies and even more suicides today on get rich education <p dir="
S1 E540 · Mon, February 10, 2025
Investor Insights: Amenities That Drive Big Rental Profits
Keith shares the top amenities tenants want in rental units, based on a survey by GreyStar with over 90,000 responses. He’s joined by long-time friends of the show, Terry and Liz to discuss investment strategies, emphasizing the importance of buying properties in the "sweet spot" and the benefits of allowing pets, which can lead to longer tenant stays. They also touch on: Trade-offs Between Buying Multiple Cheap Properties vs. One Expensive Property Quality of Properties and Tenant Demographics Screening Tenants and Handling Pets New Construction vs. Renovated Properties Investor Life Cycle and Exit Strategies Resources: Visit MidSouthHomeBuyers.com and explore their investment opportunities. Show Notes: GetRichEducation.com/540 GRE Free Investment Coaching: GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episo
S1 E539 · Mon, February 03, 2025
Short-Term Rentals, Mid-Term Rentals, and Hotel Investing with Robert Helms
Professional real estate investor, author and host of “The Real Estate Guys” Radio Show, Robert Helms joins us to discuss the nuances of mid-term, short-term rentals, and hotel real estate investing. They highlight the impact of interest rates on single-family home affordability and the role of institutional investors. Mid-term rentals cater to travelers like traveling nurses and digital nomads, offering higher monthly rents. Short-term rentals face challenges due to oversupply, but can be profitable with strategic planning. Hotels offer consistent experiences, with key metrics like occupancy and ADR. Resources: Join Keith and other faculty experts at the Investor Summit at Sea , a unique networking and learning event for real estate investors. Let the event organizers know if you want to have dinner with Keith during the event. Show Notes: GetRichEducation.com/539 GRE Free Investment Coaching: GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 welcome to GRE I'm your host, Keith Weinhold, surprising facts about the institutional ownership share of the rental market. Then learn from a great guest tonight about how the midterm and short term rental models work and hotel real estate investing. Then you are invited to join us both on the mos
S1 E538 · Mon, January 27, 2025
How to Begin in Real Estate, The Insane Canadian Housing Crisis
Keith answers listener questions about getting started in real estate investing with limited funds and how to determine the true appreciation of a property against inflation. He also discusses: The impact of the LA wildfires on housing needs and some landlords raising rents excessively. Economic and housing challenges facing Canada, including high inflation and unaffordable home prices. And highlights the views of likely future Canadian Prime Minister Pierre Poilievre on addressing these issues. GRE Free Investment Coaching: GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Show Notes: GetRichEducation.com/538 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 welcome to GRE. I'm your host. Keith Weinhold, I answer three of your listener questions, then learn why LA area landlords got a bad name during this month's awful Southern California wildfires. Finally, why Canadians cannot buy houses anymore, and what lessons you can learn from Canada's real estate mistakes and the abject lunacy there today on get rich education. Unknown Speaker 0:30 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flip
S1 E537 · Mon, January 20, 2025
How to Increase Your Real Estate ROI with a Cost Segregation
Cost segregation studies can significantly reduce taxable income by accelerating depreciation on rental properties. They reclassify certain property components, such as flooring and lighting, to shorter depreciation schedules (5, 7, or 15 years) instead of the standard 27.5 years for residential or 39 years for commercial properties. This method can result in substantial tax savings. For example, a $510,000 duplex study yielded $131,000 in accelerated depreciation, potentially saving $40,000 in taxes at a 30% rate. Although the percentage has been stepping down, it may be reinstated to 100% under the Trump administration. Initiate a cost segregation study estimate here to determine the potential tax savings. GRE Free Investment Coaching: GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Show Notes: GetRichEducation.com/537 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, when you reduce your taxable income, that's a zero risk return on your investment. You'll learn how to do that today with any rental real estate that you own through what's known as a cost segregation study, even those without a giant portfolio can save 10s or hundreds of 1000s of dollars. An expert guests and I break it down with real life examples, see just how it can help y
S1 E536 · Mon, January 13, 2025
Why the Housing Crisis is Pushing Homelessness to Catastrophic Heights
Discover the latest global real estate trends and untapped investment opportunities. Keith uncovers high-yield new build rental properties that can deliver impressive returns, even in today's challenging market. Don't miss your chance to build lasting wealth through strategic real estate investing. Tune in now to get the insider insights you need to get ahead. The podcast dives into dramatic global real estate trends, with home prices skyrocketing over 10% in countries like Colombia and the Netherlands. It also examines the alarming rise in U.S. homelessness, driven by factors like housing shortages and inflation. To counter these challenges, the show spotlights compelling new-build rental properties that could offer attractive returns for passive investors. GRE Free Investment Coaching: GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Show Notes: GetRichEducation.com/536 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:02 Welcome to GRE. I'm your host. Keith Weinhold, we look at global home price change, the asset class rundown, then the homelessness crisis is mega bad. It just reached new, unprecedented levels, and real estate and inflation has a lot to do with the homelessness surge today on get rich education. Speaker 1 0:28 Since 2014 the powerful get rich education podcast has created more p
S1 E535 · Mon, January 06, 2025
Single-Family Rentals vs. Apartment Buildings
Keith discusses the pros and cons of investing in single-family rentals versus apartment buildings. He highlights that less than 10% of U.S. building materials are imported, reducing the impact of tariffs. Single-family rentals offer better tenant quality, lower vacancy rates, and higher appreciation potential. They also have lower financing costs and are more divisible. Conversely, apartment buildings offer economies of scale and lower per-unit maintenance costs. He emphasizes the importance of owning more property, especially new-builds, which offer lower insurance premiums and attractive financing options Work with expert investment coaches to find the best off-market deals and maximize your returns. GRE Free Investment Coaching: GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Show Notes: GetRichEducation.com/535 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 welcome to GRE. I'm your host. Keith Weinhold, talking about how most home building materials are US sourced and not affected by tariffs, the little understood pros and cons of investing in apartment buildings versus single family rental homes, then what really makes sense to invest in in this particular era and more today on Get Rich Education. Speaker 1 0:28 since 2014 the powerful get rich educa
S1 E534 · Mon, December 30, 2024
Rising Prices Lead to Social Decay with Doug Casey
Discover how inflation is destroying the value of your money and eroding the ethical foundations of society. Legendary author Doug Casey reveals the insidious ways rising prices lead to social decay, unethical behavior, and the breakdown of trust. Learn how to protect your prosperity by shifting away from the falling dollar and into real assets like gold, real estate, and carefully selected investments. Don't let inflation rob you - get the insights you need to thrive in this challenging economic environment. Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review”. Resources: Visit internationalman.com to read Doug Casey's weekly articles and watch his " Doug Casey's Take " videos on YouTube. Show Notes: GetRichEducation.com/534 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, inflation does not mean rising prices. Inflation is an expansion of the money supply which results in rising prices, and it leads to wider societal decay and moral breakdowns in ways that you've never thought about before. It misdirects inflation frustration toward people like housing providers and grocers, we explore it today on get rich education. Mid south h
S1 E533 · Mon, December 23, 2024
GRE's 2025 Home Price Appreciation Forecast
Keith unveils our 2025 National Home Price Appreciation Forecast. Learn the factors driving the housing market and discover why Keith's predictions have been spot-on for the past 3 years. Gain the insights you need to make strategic real estate moves in the year ahead. Don't miss this must-listen episode packed with actionable real estate insights. The Fannie Mae home purchase sentiment index rose, indicating growing consumer confidence. Trump's immigration and tariffs policies and their potential impact on housing demand and labor market disruption. Hear about the impact of the under supply of housing in the US and the potential impact on home prices. Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” or for Spotify. Show Notes: GetRichEducation.com/533 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:00 Welcome to GRE I'm your host. Keith Weinhold, today is the day that I'm giving you our 2025 national home price appreciation forecast. You'll get the exact percent that I expect home prices to rise for Fall next year. Learn the factors that really move prices. Importantly, I follow up and you get the results of previous years forecasts too. Will it be a holly jolly forecast or more Grinch like today on Get Rich Education. Mid-south home buyers. I mean, they're total pros, with over two de
S1 E532 · Mon, December 16, 2024
Inflation is Your Wealth-Building Friend (Really)
Are you a real estate investor looking to maximize your returns and minimize hassles with your rental properties? This is a must-listen! You'll discover proven strategies for quickly filling vacant units and attracting high-quality, long-term tenants. Hear Keith share insider tips on leveraging rent increases to boost your cash flow and property values. Plus, you'll learn about an innovative financial tool - a Home Equity Investment - that can unlock a lump sum of cash from your properties without any monthly payments. Tune in to get the edge on managing your rentals like a true pro and building lasting wealth through real estate. This episode is packed with actionable insights you can apply to take your investing business to the next level. Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review”. Show Notes: GetRichEducation.com/532 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, talking about the dynamic between rents and prices, how to keep your vacancy rate low and the relationship between landlords and tenants. Learn about how a newer vehicle can give you a big lump of cash from your property without you having to make any payments, then inflation is your wealth building, Friend, yeah? really today on get rich education. <p dir="ltr
S1 E531 · Mon, December 09, 2024
How to Replace Your Job with Rent Income in Just 3 Years
From railroad conductor to becoming a successful real estate investor and replacing his day job in just 3 years. On today’s episode, Keith chats with one of our very own GRE listeners, Grant Francke, about what he did to build his portfolio to quit his steady union job. Hear about the importance of having a clear "why" for investing and setting specific goals. We discuss the concept of inflation profiting on debt and how it contributes to wealth building Leveraging cash-out refinances and 1031 exchanges as a strategy to scale up and diversify. Resources: Check out Grant Francke’s book “The Unlikely Investor” here . Show Notes: GetRichEducation.com/531 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 welcome to GRE. I'm your host. Keith Weinhold, it's a highly relatable show today because you're going to meet a fellow GRE listener and real estate investor like you that use the principles of this show to build wealth, and he reached real estate financial freedom even faster than I did today on get rich education. Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star.
S1 E530 · Mon, December 02, 2024
Why We Hate Jeff Bezos
Keith discusses the paradox of falling home prices and rents in Austin, Texas, despite it being the fastest-growing city. He highlights the over-supply of apartments, with new towers next to old bungalows, and notes that apartment rents are down, while single-family home rents are up. He also explores societal attitudes towards wealth, noting the double standard of admiring celebrities while vilifying entrepreneurs like Jeff Bezos. The over-supply of apartments has slowed down rent growth, affecting single-family home rents. Wage growth has outpaced inflation, potentially boosting rents. Millennials are increasingly renting due to the inability to afford homes. Show Notes: GetRichEducation.com/530 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE I'm your host. Keith Weinhold, I just walked one of America's most interesting real estate streets. I'll tell you what I saw then what it takes to get rents to increase in the US more real estate investing content, then it's about jealousy and envy. Why we hate Amazon founder Jeff Bezos for his wealth, yet love performers like LeBron James and Taylor Swift for theirs. It's a case study on wealth, entrepreneurship and celebrity today on get rich education. Speaker 1 0:39 <p d
S1 E529 · Mon, November 25, 2024
How to Be the Best in the World at Anything
Former NFL player, Broadway playwright, best-selling author and in-demand public speaker, Bo Eason, joins us to discuss the power of storytelling and achieving greatness. Bo emphasizes the importance of setting high standards, such as aiming to be the best, and seeking out mentors. He shares his upbringing, where his father instilled confidence by telling him he was the best, which influenced his success. Bo highlights the significance of personal, physical, and unapologetic storytelling to build trust and connect with others. Adopt the mindset of striving to be the best, not just settling for mediocrity. Make the Gold Medal the standard, not the end goal. Develop and share your personal, compelling story to build trust and attract opportunities. Resources: Text "PERSONALSTORY" to 323-310-5504 to receive a free video course from Bo on uncovering your powerful personal story. Show Notes: GetRichEducation.com/529 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:02 Welcome to GRE. I'm your host. Keith Weinhold, how do you become the best in the world at anything that you want to do in your life? Today's remarkable guest will tell you how so you can become the best version of yourself. He's become the best in more than one endeavor, including playing in
S1 E528 · Mon, November 18, 2024
Real Estate is Up 490% Over the Last 40 Years
Keith discusses trends in the housing market, including the rising average age of first-time homebuyers and the mix of markets seeing price increases versus declines. He analyzes the potential impact of the incoming presidential administration's policies on real estate, particularly around inflation and interest rates. He is joined by Investor, Co-Founder and CEO of Family Freedom Investments, Dani Lynn Robison to highlight high-yield investment opportunities available, including up to 10% returns. Home prices have fallen in six US cities. The average age of a first time homebuyer rose to an astounding 38 years old. Discover the top 10 states with the highest home price appreciation over the last 40 years. The Trump Effect. To learn more about Freedom Family Investments. You get paid first: Text FAMILY to 66866. Show Notes: GetRichEducation.com/528 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE I'm your host. Keith Weinhold, home prices have fallen in six US cities. The average age of a first time home buyer soars to an astounding 38 years old. Then we take the long view breaking down how real estate is up a jaw dropping 490% since 1984 the Trump effect on real estate, then how you can earn an eight to 10% cash on cash re
S1 E527 · Mon, November 11, 2024
Countdown to Disaster—Four Threats Facing the U.S. with Richard Duncan
Keith discusses the current state of the US economy, noting that while it is considered strong by conventional measures, there are four major threats on the horizon that the country is not doing enough to address. He’s joined by our guest, macroeconomic expert, Richard Duncan to discuss these topics. Richard proposes a solution that could strengthen the US's competitive position against China. Shifting from Capitalism to Creditism. Also, hear about the risks facing the real estate and stock markets in the near-term, such as the historically high wealth-to-income ratio and the ongoing quantitative tightening by the Federal Reserve. Learn more about Richard’s work through his video newsletter, Macro Watch. Use discount code GRE for 50% off at: RichardDuncanEconomics.com Show Notes: GetRichEducation.com/527 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Keith, welcome to GRE. I'm your host. Keith Weinhold, per conventional measures, today's us. Economy is strong, but there are four vicious threats on the horizon, and we're not doing enough about them. Our macroeconomist guests will discuss that with us today. How alarming is it, and what's the solution to our crises, this week on get rich education,
S1 E526 · Mon, November 04, 2024
Make America Rich Again, Coaching Call
Keith discusses the inefficiency of compound interest in wealth building, advocating for compound leverage through real estate investments. He illustrates how a $100,000 investment in a $500,000 property at a 6% annual return can yield much higher returns due to leverage (see the math below). He also explains how mortgage rates are influenced by long-term bond yields and discusses the benefits of real estate over stocks. A coaching call with GRE Investment Coach Naresh highlights the process of investing in real estate, including financing considerations and the role of a coach in guiding investors. Here’s the math on a 5:1 leveraged RE return at a 6% appreciation rate: Year One: $500,000 x 1.06 = $530,000. Subtract $400K debt = $130,000 equity Year Two: $530,000 x 1.06 = $561,800. Subtract $400K debt = $161,800 equity Year Three: $561,800 x 1.06 = $595,508. Subtract $400K debt = $195,508 equity. GRE Free Investment Coaching: GREmarketplace.com/Coach Show Notes: GetRichEducation.com/526 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:00 Keith, welcome to GRE I'm your host. Keith Weinhold, make America rich again in play numbers. You'll get a fresh take today on how compound interest does not build wealth and compound leverage does. Then you'll learn about h
S1 E525 · Mon, October 28, 2024
Immigration Surge Tightens Housing Demand, How to Avoid Paying State Income Tax
Keith highlights the unprecedented surge in immigration and its impact on housing demand. The conversation also covers state income tax policies, noting that nine states have no income tax, and the impact of international tax laws on US citizens abroad. Immigrants now make up more than 14% of the US population, the highest proportion since 1910. The US is facing a significant housing shortage, with an estimated 4.5 million housing units needed. Housing shortages are expected to continue, with homelessness rates rising by 12% year over year. Learn about the challenges of being a US citizen living abroad and the potential for double taxation. Resources: Connect with Tom's team at WealthAbility for a free consultation on permanently reducing taxes. Show Notes: GetRichEducation.com/525 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 welcome to GRE I'm your host. Keith Weinhold, both an immigrant surge and a big wave of US born residents is tightening housing demand near unprecedented levels. Then we're joined by show regular Tom terrific again, but it's not Tom Brady on how to legally avoid paying state income tax and the fact that if you're from
S1 E524 · Mon, October 21, 2024
How is Your Tenant Doing? and Creative Deal Structuring with Zero Down Payment
Join our upcoming GRE live event right here ! - ‘New Turnkey Properties with ZERO Money Down’ on Thursday 10/24. Keith discusses the financial health of tenants, noting that 75% of new renters earn over $75,000 annually. He is joined by GRE Investment Coach Naresh Vissa to highlight the incentives offered by new build property providers, including interest rates in the 4's and up to $30,000 in immediate equity. New build homes now cost only 1% more than resale homes. Rent-to-income ratios remain stable at 31%, despite wage growth outpacing rent growth. Current market conditions offer a unique opportunity to build wealth through real estate. Attend the live online event on Thursday, October 24 at 8pm Eastern to learn more about the new build property incentives. Show Notes: GetRichEducation.com/524 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, we check in on the health of your tenant. How are they doing financially? Learn why new build homes now cost about the same
S1 E523 · Mon, October 14, 2024
How to Vet a Property Manager
Join our upcoming GRE live event right here ! - ‘New Turnkey Properties with ZERO Money Down’ on Thursday 10/24. On this week's episode, Keith shares how to vet and onboard a property manager, emphasizing the importance of their role in tenant relations and net operating income. He is also joined by our guest, seasoned investor and turnkey expert, to highlight the benefits of new construction properties with zero money down, leveraging builder incentives and portfolio loans. Learn the key qualifications to look for in a property manager, typical management fee structures and questions to ask. Hear about the benefits of new construction homes, including consistent income, quality tenants, and growth potential. We discuss the potential for 10% builder credits and 5% down portfolio loans. Show Notes: GetRichEducation.com/523 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:01 Welcome to GRE. I'm your host. Keith Weinhold, how do you vet a property manager and maintain an onboarding relationship with them over time? I just hired one, and I'll tell you how I did it. Then there's a trend to exploit in today's real estate market, with t
S1 E522 · Mon, October 07, 2024
A Wealth Mindset in Real Estate Investing with Garrett Gunderson
Firebrand speaker and author of “Killing Sacred Cows”, Garrett Gunderson, joins us to discuss wealth mindset and value creation. Also, Keith touches on the impact of falling interest rates on various loans and the economy noting that lower rates can benefit savers and investors. Historical data shows that home prices have only fallen 6 times in the last 83 years, signaling the rarity of significant price declines. Learn about the Rockefeller method, which involves using trusts and whole life insurance to preserve and grow wealth. Garrett advocates for investing in real estate, businesses, and intellectual property rather than mutual funds or ETFs. DM Garrett on Instagram to receive a free copy of his book on the Rockefeller method. Resources: GarrettGunderson.com or Alon Instagram @garrettbgunderson Join our upcoming GRE live event right here ! - ‘New Turnkey Properties with ZERO Money Down’ on Thursday 10/24. Show Notes: GetRichEducation.com/522 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai <p d
S1 E521 · Mon, September 30, 2024
Terrible Predictions, "End the Fed" and Capitalism with Mises Institute President Dr. Thomas DiLorenzo
President of the Mises Institute and author of “How Capitalism Saved America”, Dr. Thomas DiLorenzo joins us to uncover the current state of capitalism and if it still exists in America. Earlier in the episode, Keith discusses the inaccuracy of economic predictions, citing examples like the 2023 recession that never happened, the negative impact of misinformed predictions on investment decisions and business growth. Persistent housing price crash predictions have been consistently wrong despite global pandemics and higher mortgage rates. Dr. DiLorenzo advocates for #EndTheFed to reduce inflation and restore free market principles. Learn how voluntary exchange between buyer and seller through market prices communicates information and influences production. Resources: Learn more about Austrian economics and Ludwig von Mises through visiting mises.org Show Notes: GetRichEducation.com/521 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:00 Keith, welcome to GRE. I'm your host. Keith Weinhold, reviewing some terrible economic predictions and why it matters to you. Then the President of the Mises Institute joins us. Does capitalism still exist in the US and wha
S1 E520 · Mon, September 23, 2024
How to Use Other People’s Money for Your Rental Property Loan
Keith discusses his journey from an entitlement mentality to realizing the importance of wealth creation through real estate investing and shares the real estate shockwave that nobody is talking about. We are also joined by Caeli Ridge, President of Ridge Lending Group, as she explains the differences between owner-occupied and investor mortgage loans. Hear about the ease of entering real estate investing with no formal qualifications or high income required. Learn the concept of demographic shockwaves and how the aging population will influence housing demand in the future. How to ethically use other people's money to build wealth for yourself before you even own a property. Learn about the key differences between owner-occupied mortgage loans and investor mortgage loans, particularly the use of rental income in qualification. Resources: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Show Notes: GetRichEducation.com/520 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:01 Keith, welcome to GRE. I'm your host. Keith Weinhold, I'll discuss when I was an emp
S1 E519 · Mon, September 16, 2024
Threatening New Taxes You Might Need to Pay. Tom Wheelwright Explains.
Tom Wheelwright is back by popular demand, our most recurring guest in GRE show history. He’s a CPA, an International Authority on Tax, and Best Selling Author of “Tax-Free Wealth” amongst many other titles. We focus on the potential unrealized capital gains tax, which would tax the increase in property value even before sale. Tom explains the implications of this proposal and the broader impact on tax policy. We cover the Democrats' proposal for capital gains tax at ordinary income rates, capital gains on gifts, and capital gains when you die. The proposal for a billionaires tax, which would tax unrealized gains at $100 million, could potentially extend to lower net worth individuals over time. Real estate income can result in a negative tax rate, increasing cash flow after taxes. Learn about the benefits of working with a knowledgeable tax advisor. Resources: GetRichEducation.com/tax Show Notes: GetRichEducation.com/519 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:01 Welcome to GRE. I'm your host. Keith Weinhold, this week we're talking about the value of the raw land that comes along with your property, the importanc
S1 E518 · Mon, September 09, 2024
Is Now the Best Time to Buy Real Estate?
A prominent Florida Builder and #1 Wall Street Journal Best-Selling Author joins us to discuss the benefits of build-to-rent properties, including affordable housing and attractive mortgage rates. He has already done all the work for investors, offering new build income properties that are sometimes rented. We discuss the importance of median value and affordability index in choosing profitable areas for long-term real estate investments. Learn about new build income properties with rate buydowns as low as 3.75%. Important market dynamics and investor strategies, including the trade-offs between cash flow and equity growth. Show Notes: GetRichEducation.com/518 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:01 Welcome to GRE. I'm your host. Keith Weinhold, a great way to forecast the future of the real estate market is to look at the level of new building. I've got a surprise to reveal there then a focus on one of the hottest in migration states. That's popular because it promises cash flow for real estate investors today on Get Rich Education. 00:24 Since 2014 the powerful Get Rich Education podcast has created more passive income for people than nearly any other show in the world. This show t
S1 E517 · Mon, September 02, 2024
The Future of Homebuilding with George Gilder
Futurist, Technologist and Author of many titles including the classic “Wealth and Poverty”, George Gilder joins us to discuss supply side economics and the transformative potential of using graphene material in various industries including real estate. We discuss economic growth measured by time prices, showing that private sector progress is faster than GDP estimates. Learn about graphene's properties, including its strength and conductivity, and its potential to transform various industries. Graphene is a single layer of carbon atoms that is 200 times stronger than steel, 1000 times more conductive than copper and the world’s thinnest material. Resources: getgilder.com Show Notes: GetRichEducation.com/517 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:01 Welcome to GRE. I'm your host. Keith Weinhold. I'm talking about the various economic scare tactics out there, like the BRICS, the FDIC and the housing crash. What lower interest rates mean? How our nation's $35 trillion debt has gone galactic. Then today's guest is a legend. He's a technologist and futurist. It tells us about today's promise of graphene in real estate all today on get rich education. when you want the best real estate and finance info, the modern Internet experience limits your free articles access, and it's replete with paywalls and you've got
S1 E516 · Mon, August 26, 2024
Is Every Debt Worth Paying Off?
In this episode Keith shares the survey results on what the highest rising cost for landlords is and what to do about it. He challenges the conventional wisdom that all debts should be paid off. He talks about how the rising costs of homeowners insurance and property taxes are the most significant expenses for single family landlords 76% of single-family landlords plan to raise rents over the next 12 months, with 35% expecting increases over 4%. Learn about the concept of debt as leverage and its role in wealth building. The importance of liquidity, interest rate arbitrage, and the ability to outsource debt payments. How inflation impacts debt. Understand the benefits of debt in real estate investment, including the ability to own more properties and create arbitrage opportunities. Show Notes: GetRichEducation.com/516 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:00 Welcome to GRE. I'm your host. Keith Weinhold. The economy is affecting real estate in some interesting ways. Now, vital trends revealed from a survey of single family landlords. Then the heart of today's show is every debt that you have worth paying off. The answer is no, with some surprising reasons all today on Get Rich Education. When you want th
S1 E515 · Mon, August 19, 2024
Unpacking the Myths: How Rent Control Affects Housing Quality and Availability
Independent documentary filmmaker and policy analyst at Reason Foundation, Jen Sidorova, joins us to discuss how rent control impacts tenants, landlords and the housing market. Her latest short film project, “Shabbification: The Story of Rent Control”, reflects how rent control has a direct effect on housing quality. Almost half of rentals in NYC are rent-stabilized. We highlight the challenges faced by small property owners and the potential consequences of these regulations on the housing market. Bathtub in your kitchen, anyone? Yes, you read that correctly. In some cases maintenance has been deferred for so long that units have not been updated to code. Learn about the history of rent control and stabilization laws in New York. Resources mentioned: Show Notes: GetRichEducation.com/515 You can follow Jen on Instagram @jen_sidorova or check out her writing at reason.org For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I discuss the effect that now lower mortgage rates can have how to get a strong return with private lending. Then, for this week's guest, she is a public policy expert with reason.com maker of a new film called Shabbification that spotlights the peri
S1 E514 · Mon, August 12, 2024
Zoning Out: How to Combat the Housing Crisis and Build Wealth
Research Director for California YIMBY, professional city planner and author of Arbitrary Lines, Nolan Gray, joins us to discuss how zoning impacts our communities, affordability of retail and commercial real estate. Zoning laws contributing to the affordable housing crisis and what we can do about it. Shifting from NIMBY to YIMBY mindset requires understanding benefits of growth. How zoning laws prevent new development, causing housing shortages and limiting entrepreneurship. California's statewide legalization of accessory dwelling units can be seen as a successful zoning reform example. We discuss how cities like Austin and Minneapolis have seen price stabilization by allowing for more mid-rise multi-family housing near transit and job-rich areas. Learn how to connect with local policymakers and planners to advocate for policy changes that encourage more housing supply. Resources mentioned: Show Notes: GetRichEducation.com/514 You can follow Nolan on X @mnolangray For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:00 Welcome to GRE. I'm your host. Keith Weinhold, if you don't take the right action, inflation will make you poorer. Then the affordable housing crisis keeps your tenant as your tenant is zoning. What's ruining American cities in keeping starter homes unaffordable or just plain extinct in some areas, how do we get more apartments a
S1 E513 · Mon, August 05, 2024
Finding Hidden Opportunities in Beaten-Down Commercial Real Estate with Dolf de Roos
The King of Commercial Real Estate joins us to discuss office, hotels, apartments, retail, industrial and warehouse real estate. Many office building values are down 80%+. Is it headed straight to purgatory? According to Moody’s, the national office vacancy rate is 20%. Offices have the double-whammy of higher interest rates and lower demand. Learn how feasible office to residential conversions are. For two years now, momentum has swung from Airbnbs to hotels. More apartment syndications will blow up from forthcoming interest rate resets. Commercial real estate often has higher prices than residential. Learn from our guest, Dolf de Roos , on creative ways to make low down payments. Learn how to vet commercial tenants. We discuss adding carports to residential RE. Rich people are often vilified. They’re called “filthy rich” or “stinking rich”. Resources mentioned: Attend Dolf’s free live training: www.DolfLive.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Podsqueeze Keith Weinhold 00:00:01 Welcome to GRE! I'm your host, Keith Weinhold. There are many commercial real estate sectors. Large apartments, office, hotel, hospitality, retail, wareh
S1 E512 · Mon, July 29, 2024
Rent Control is a Bad Plan, Own Land in a New Micronation with Liberland President Vit Jedlicka
Wealthy business owners and landlords are vilified. Yet, wealthy actors, athletes, and singers are praised. This makes zero sense. Businesses and landlords provide essential services; entertainers don’t. The White House recently published a “rent control light” plan. It’s a bad idea and has almost zero chance of passing a divided Congress. I critique it. Hear my in-person sit-down interview the Liberland President, Vit Jedlicka . Liberland is a micronation in Eastern Europe, between Serbia and Croatia. It calls itself: “The freest sovereign state in the world, powered by the blockchain.” Learn about Liberland’s: reason for existing, population, infrastructure, real estate, currency, geography, language, culture, problems, and more. You can purchase merits and become a citizen at Liberland.org . Resources mentioned: Learn more about the freest nation in the world, Liberland: Liberland.org For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 00:00:01 Welcome to GRE. I'm your host, Keith Weinhold. Why do people vilify wealthy business owners and landlords but praise wealthy actors and athletes? Rent control plans must be killed where the real opportunity is in today's real estate market. Then my in-pers
S1 E511 · Mon, July 22, 2024
Freedom, Liberty, and Real Estate Investing
Coming to you from FreedomFest in Las Vegas, I talk with Founder Mark Skousen. He’s been named one of the World’s Top 20 Living Economists. Also, an event summary with GRE Investment Coach, Naresh. Learn about the deleterious consequences of rent control. President Joe Biden supports it (somewhat). If four tenants live in identical fourplex units, it actually makes sense for them to pay different rent amounts. I explain. We can construct more housing by relaxing zoning requirements in the right way—reduce off-street parking requirements, increase ADUs, no rent control, reduce minimum lawn sizes. There’s higher homelessness in L.A., San Francisco, and Austin than Houston. Houston has a lower-cost market, few zoning requirements, and less NIMBY mindset. Politicians run on platforms like immigration, abortion, and inflation. But they don’t run on reducing the debt because they don’t see it as a problem that they created. At FreedomFest, I attended a presidential debate between the current candidates of the Libertarian Party, Green Party, and Constitution Party. Most or all agreed that the Fed should be abolished. The common theme at FreedomFest was: “Government, get out of the way.” Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold** ((00:00:01)) - - Welcome to GRE. I'm Keith Weinhold. I'm here at
S1 E510 · Mon, July 15, 2024
Garage Real Estate, Minted Not Printed
Learn how garages and parking areas add value to property. Find out how to earn more rent for your garage space. Adding a garage to a rental doesn’t fetch much more rent income. But you will rent your place faster and tenants stay longer. To get more rent for a detached garage, rent it to an off-site tenant. The future of parking and garages is positioned to be shaken by autonomous cars. Fewer people will need to own or park cars. Meet me in-person at the next New Orleans Investment Conference. It’s November 20th - 23rd, 2024. Register here . Brien Lundin joins us. He is the host of the world’s longest-running investment conference, the New Orleans Investment Conference. He’s also editor of Gold Newsletter. He & I discuss inflation, interest rates, real estate, and gold. Gold is up 20%+ annually. This is because foreign nations, like China, are beginning to prefer to own gold rather than US debt. There’s a case for interest rates to go higher, another case for them to go lower. Brien tells us why he believes the gold price will keep rising. Increasingly, asset values are positively correlated—real estate, stocks, gold, crypto, oil, and even collectibles. Personally, though I don’t see evidence that gold builds wealth, history shows that it’s a good place to store wealth. Meet me in-person at the next New Orleans Investment Conference. It’s November 20th - 23rd, 2024. Register here . Resources mentioned: Meet me in-person at the next New Orleans Investment Conference. It’s November 20th - 23rd, 2024. Register here . For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” <p dir=
S1 E509 · Mon, July 08, 2024
Legendary Investor Jim Rogers' Dire Warning on US Debt
Asset prices are near all-time highs for almost everything: real estate, stocks, gold, bitcoin, and more. This is because in a wave of high inflation, investors chase yields. Legendary investor Jim Rogers joins us. Jim gives dire warnings about US debt levels. Meet me and one of our Investment Coaches in-person at FreedomFest in Las Vegas, July 10th to 13th. I put $1T into perspective. A trillion seconds ago was 31,700 years ago. That’s when neanderthals roamed the plains of Europe. The dollar is a monopoly. The US government has no competition for their product, the dollar. Jim Rogers believes that higher inflation and interest rates are here to stay. He says: “Before this is over, interest rates in the US are going to go much, much higher.” Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. I'll tell you about a chance to meet me in person. Then we're joined by a renowned and legendary investor for his sage like wisdom on how you should respond to record US debt levels for forecast the future direction of inflation and interest rates, plus a taste of the Singapore real estate m
S1 E508 · Mon, July 01, 2024
Essential Real Estate Quotes You Must Hear
Explore influential quotes and maxims from the investing and business world. This includes from: Warren Buffett, Mark Twain, Robert Kiyosaki, Albert Einstein, Dan Sullivan, Thomas Edison, Benjamin Franklin, Suze Orman, and yours truly, Keith Weinhold. “Why not go out on a limb? That’s where the fruit is.” -Mark Twain “Given a 10% chance of a 100x payoff, you should take that bet every time.” -Jeff Bezos “The stock market is a device for transferring money from the impatient to the patient.” -Warren Buffett “Don’t live below your means; expand your means.” -Rich Dad “The wise young man or wage earner of today invests his money in real estate.” -Andrew Carnegie “Savers are losers. Debtors are winners.” -Robert Kiyosaki Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold (00:00:00) - Welcome to GRE. I'm your host, Keith Weinhold. Real estate and other investing involves people from the disappointing to the mesmerizing. People have contributed countless quotes, maxims and aphorisms on investing today. All recite and then we'll discuss dozens of influential ones and what you could learn from this timeless wisdom today on get Rich education. Robert Syslo (00:00:29
S1 E507 · Mon, June 24, 2024
Compound Interest is Weak
Compound interest in stocks gets worn down to less than nothing due to: inflation, emotion, taxes, fees, and volatility. I focus on the little-understood deleterious effects of volatility. DON’T focus on getting your money to work for you. Learn what to focus on instead. Compound leverage and OPM are the wealth-building flexes. We discuss how to use a lower down payment to achieve a potential 20% cash-on-cash return with the BRRRR Strategy. Join our live, virtual event for this at: GREmarketplace.com/webinar Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Compound interest is weak. What kind of iconoclastic heresy is that? Oh, I've got even more. Including. Don't get your money to work for you. This is a wealth building show. So why don't we discuss 401 days in IRAs here? It's precisely because they're not designed to build wealth. We'll get into that then. A way you can achieve higher property, cash and cash returns than you can with buy and hold real estate today and get rich education. Robert Syslo (00:00:38) - Since 2014, the powerful get Rich education podcast has created more passive incom
S1 E506 · Mon, June 17, 2024
Properties are Vanishing, More $2M Median Home Prices
The homeownership rate has fallen due to low affordability. This means that there are more renters. There are still just one-half as many housing units as America needs. But it had been one-quarter. New duplexes, triplexes, and fourplexes are vanishing. I describe six reasons why. Two entire US counties now have a median home price of $2M+. Learn where they are. It’s better to be an investor than a landlord or flipper. GRE Investment Coach, Naresh, and I discuss how to use a lower down payment to achieve a potential 20% cash-on-cash return with the BRRRR Strategy. Join our live, virtual event for this at: GREmarketplace.com/webinar . Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Hold properties are vanishing, and sadly, they represent some really good property types that are hardly being built anymore. American housing is changing for good. Two entire U.S. counties now have median home values of $2 million or more. You'll learn where those are and learn about a specific real estate investing strategy, where investors are getting especially high yield returns in today's low affordability market. All toda
S1 E505 · Mon, June 10, 2024
Real Estate Problems - Affordability Issues and Foreclosures Today
Big capital gains tax bills are hitting more home sellers. Exemptions exist for up to $250K single, $500K married. Bad housing affordability means a low home ownership rate, hence, more renters. The homeownership rate has dropped from 66.0% to 65.6% in the last year. I have a hole in the roof of a rental single-family home, with about $10K in damage. Learn how I handle it. Two of the first three income properties that I bought performed poorly. VP of Market Economics at Auction.com , Daren Blomquist joins me. We learn why foreclosure activity is 10% to 20% below pre-pandemic levels. Learn about judicial and non-judicial foreclosure states. From homeowners surveyed, the top concern about falling into delinquency are rising insurance and property taxes. Auction bidders are confident about the real estate market. They’re willing to pay more, which is 60% of ARV nationally. You can bid on distressed properties with your phone via Auction.com . Opportunity Zones are generally working. Resources mentioned: Nation’s Largest Online RE Auction Marketplace: Auction.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold <
S1 E504 · Mon, June 03, 2024
The Father of Reaganomics, David Stockman Joins Us: Ominous $100 Trillion Debt is Coming
We’re joined by President Ronald Reagan’s Budget Director, David Stockman. He tells us what real estate investors and everyday people need to know. Stockman served as Reagan’s Director of Office, Management and Budget from 1981 to 1985. He tells us to expect higher inflation and interest rates for longer, maybe even the rest of the decade. Don’t expect rate cuts for a long time. The US is moving toward an unsustainable debt situation, with $100T in public debt expected within twenty-five years. We have embedded deficits. Learn why the recession has been postponed. David also reveals what will inevitably pull the trigger to potentially start the recession. Hint: Household budgets. Pandemic stimulus programs gave citizens $3T. Half of it has now been spent. He was also one of the founding partners of Blackstone. David Stockman tells a story about President Reagan’s personal touch with him. You can subscribe to David Stockman’s Contra Corner for free here . Resources mentioned: David Stockman’s Contra Corner For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold
S1 E503 · Mon, May 27, 2024
How Decades of Inflation Destroyed Our Dollar, Today’s Rent Trends
We’ve already had more inflation in this young 2020s decade than the entire 2010s. If the next forty years have as much inflation as the last forty, gas will cost $13.38 per gallon, the average home $1.88 million, and the average rent $59,000 annually. Inflation impoverishes most people. You can profit from it 3 ways at the same time. Watch the free 3-part video series: GetRichEducation.com/TripleCrown . The 30-year fixed rate mortgage is a uniquely American construct. It virtually exists nowhere else in the world. I compare this to mortgage terms in Europe, Canada and Australia. In much of the world, homeowners have had their mortgage payments double overnight! Trends that won’t soon be disrupted: more inflation, people need to live somewhere, there aren’t enough places to live. That’s so simple! Invest in it. Rents are increasing the most where little new supply has been added. There’s a myth that gigantic institutional investors are gobbling up all the single-family rental homes. But they only own 3% of the market. Mom & pops own 80%. Single-family rents are up 3.4% per CoreLogic. Detached SFHs are up more than attached types. Property prices and rents are positively correlated. Some people falsely think that they move inversely. Resources mentioned: Profit from inflation 3 ways: GetRichEducation.com/TripleCrown For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel:<
S1 E502 · Mon, May 20, 2024
The BRRRR Investing Strategy: Your Path to Infinite Returns
You can get financially free twice as fast with the BRRRR Strategy instead of buy-and-hold. But it’s less passive. BRRRR stands for: Buy, Rehabilitate, Rent, Refinance, and Repeat. You can get an infinite return this way, by generating yield with none of your own money left in the deal. Learn how to obtain BRRRR financing from Caeli Ridge, President of Ridge Lending Group . The LTVs are 70%, 75%, or 80% depending on the property and financing type. RidgeLendingGroup.com specializes in helping investors buy income property. Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold (00:00:00) - Welcome to GRE. I'm your host, Keith Weinhold. The real estate BRRRR strategy is a shortcut to growing your wealth. But it's less passive than buy and hold with a property manager. Learn what is the Burr strategy and then about some of its pros and cons, mistakes you must avoid and financing programs available, and how it can generate infinite returns for you today and get rich. Education. <
S1 E501 · Mon, May 13, 2024
Home Prices Aren't Really Up. Here's Why.
In this episode of the Get Rich Education podcast, host Keith Weinhold explores the current state of home pricing and the housing market. He examines whether homes are overpriced or underpriced by comparing them to historical values, gold, and bitcoin, and discusses the influence of inflation and financing on affordability. The episode features insights from Danielle Hale, chief economist at realtor.com, on the challenges for young homebuyers, housing supply issues, and mortgage rate effects. The conversation also covers the build-to-rent trend, investment strategies, and the importance of increasing housing construction. Weinhold concludes by offering free coaching for building real estate portfolios. Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Welcome to GRE! I’m your host, Keith Weinhold. Home Prices Aren’t Really Up! Brace yourself. A mic drop moment on real estate costs is coming. It’s an unmasking - a reality check on property prices. Are homes actually still priced too LOW today? How could that POSSIBLY be true at all? On Get Rich Education. _____________ <
S1 E500 · Mon, May 06, 2024
All You Ever Have is Now—Always
Become a time billionaire. In this episode of the Get Rich Education podcast, host Keith Weinhold explores the significance of living an extraordinary life, emphasizing the importance of time management and the value of time. You are here today, gone tomorrow. Gain new perspective on life and death. The show promotes strategies for achieving financial freedom through real estate investing. A hypothetical scenario examines the potential impact of eternal life on Earth's resources, prompting listeners to consider the implications of unlimited population growth. The episode offers a blend of motivational content and practical wealth-building advice, with a side of philosophical musing on the nature of time and life's finitude. We listen in to Neil deGrasse Tyson’s “Life and Death: A Cosmic Perspective”. Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Welcome to GRE! I’m your host, Keith Weinhold. You need to become financially-free so that you have… time to be present and live in the “now”. You are here today and gone tomorrow. There’s not mu
S1 E499 · Mon, April 29, 2024
How They Revolutionized Real Estate - Behind the Scenes of “The Memphis Miracle”
Other people study one real estate group’s enormous success. Go behind the scenes to learn how they pulled off “The Memphis Miracle”. Terry Kerr and Liz Brody from terrific turnkey property provider, Mid South Home Buyers of Memphis, TN, are back on the show. Here’s what makes them different: junk in the backyard rather than a dumpster, property addresses viewable on their website, no tenant application fees, no maintenance upcharges, no materials upcharges, no earnest money, investor cancellation allowed, specific kitchen & bath renovation, and tenants bring their own appliances. Memphis has such a robust renter culture that tenants bring their own appliances. Hundreds of GRE followers have purchased income property from Mid South Home Buyers. They’re such a popular provider that there’s an investor waitlist. For GRE followers, you can reserve up to two financed properties or three all-cash properties all at once. They offer in-person tours to see the properties. Start at MidSouthHomeBuyers.com Resources mentioned: Mid South Home Buyers' Website: www.MidSouthHomeBuyers.com Liz Brody’s e-mail: liz@midsouthhomebuyers.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: <a href= "
S1 E498 · Mon, April 22, 2024
Will Population Decline OBLITERATE Real Estate?
If properties are empty from population decline, they’ll lose value and rent. If this happens, then what’s the timeline? Richard Vague , the PA Governor-appointed Secretary of Banking and Securities from 2020-2023, joins us. US and world birth rates keep declining. As population declines, per capita GDP often increases. Richard believes that inequality will widen. Most models show the US population increasing for several decades. A median model is 342M today up to 383M in 2054. Opposite of what the Fed thinks, Richard believes that lower interest rates can quell today’s persistent inflation. The US has had 9 instances of high inflation. It’s often spurred by wars, which create shortages. I tell Richard about GRE’s Inflation Triple Crown and ask his opinion. Real estate values rise as debt-to-GDP rises. I point-blank ask Richard if an economic crisis is imminent. Resources mentioned: Follow Richard Vague: Join.TychosGroup.org For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold C
S1 E497 · Mon, April 15, 2024
Why High Salaries DON'T Create Wealth, Why Western US Homes Cost More than Eastern US Homes
No one gets wealthy from a high salary. Wealth is acquired by owning things. But how can you own MANY things without much money? I discuss it. Learn how to use major banks (Chase, Wells Fargo) to fuel your wealth and retirement when you’re young. Debt is like fire. Kids will burn down the house with fire. Adults will use fire (debt) to produce prudent leverage and outsized returns. High salaries don’t create wealth due to: lost time, no leverage, few tax benefits, and entrapment due to sunk education costs. I sat down with a conventional financial advisor. Things got interesting. Learn why Western US homes cost more than Eastern US homes. This fact confounds most real estate pros. I break down 8 reasons. Resources mentioned: Show Page: GetRichEducation.com/497 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Welcome to GRE! I’m your host, Keith Weinhold. Don’t make this giant wealth mistake - understand why a high salary does NOT create wealth. Learn what does instead. See how to get deep pocketed-banks like Chase & Wells Fargo build wealth for YOU. I recently sat down with a traditional financial advisor - this got interesting. Then, why do WE
S1 E496 · Mon, April 08, 2024
The Housing Market’s Future—Trends and Predictions
Get our free real estate course and newsletter: GRE Letter Apartment construction is falling. It’s not because banks are pulling back from lending. Projects aren’t feasible for builders. Housing market intelligence analyst Rick Sharga returns to discuss the real estate market. We discuss: real estate price movement, affordability concerns, expected mortgage rate changes, migration, price reductions, new homes vs. existing homes. Can anyone even find a new-build $225K detached SFH today? They’re nearly extinct. Homebuilders are still buying down mortgage rates for you into the 4%s and 5%s at GREmarketplace.com . America needs more SFHs, especially at the entry-level. Apartment rents have declined a little. SFH rents are up about 3% year-over-year. Delinquency and foreclosure activity remains low. These have a strong correlation with unemployment rates. The volume of homes sales should increase this year, but only by perhaps 10%. A recession is still quite possible later this year and expected to be mild. Every region of the nation is currently experiencing residential RE price growth. When mortgage rates fall, more new buyers than sellers are expected, pushing up property prices. Resources mentioned: Show Page: GetRichEducation.com/496 Inquire about business with Rick: CJPatrick.com Rick Sharga on X: @ricksharga LinkedIn: Rick Sharga For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Edu
S1 E495 · Mon, April 01, 2024
How Recessions Impact Real Estate with Rick Sharga
Get our free real estate course and newsletter: GRE Letter Our core formula here at GRE is simple, buy-and-hold real estate. Then where does your profit come from? I explain. Where will your next tenant come from? Essentially, market intelligence analyst Rick Sharga & I answer this today. We explore job growth, wage growth, and the condition of today’s consumer / tenant. Rick Sharga doesn’t believe that mortgage rates will fall substantially until the Fed Funds Rate does. This isn’t likely to happen until at least June. Consumers are exhibiting some distress signals. Credit card debt has swelled. We break it down. Many economic indicators still show that they’ll still be an economic slowdown. In most recessions, home sales and home prices both rise. Resources mentioned: Show Page: GetRichEducation.com/495 Inquire about business with Rick: CJPatrick.com Rick Sharga on X: @ricksharga LinkedIn: Rick Sharga For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold (00:00:00) - Welcome to gray. I'm your host, Keith
S1 E494 · Mon, March 25, 2024
Do You WANT to Retire? What is Retirement?
Get our free real estate course and newsletter: GRE Letter Time, health, and money are three key resources in your life. Learn about their trade-offs. “It’s not at what age I want to retire, it’s at what income.” -George Foreman I discuss at least three definitions of retirement: 1-The time of life when one permanently chooses to leave the workforce. 2-To remove from service. 3-When you become job-optional. 4-When you stop doing mandatory income-producing activities. Social security, pensions, 401(k)s, and residual income from real estate and stocks are all discussed. Compound interest is faulty. Compound leverage can help you retire young. “After the first $2M-$3M, a paid off home, and a good car, there is no difference in the quality of life between you and Jeff Bezos.” We discuss. I briefly cover the antitrust case against the NAR, making the 5-6% commission paid by the seller largely a thing of the past. Rents are up 2% annually, the biggest gain in thirteen months, per Redfin. Learn 15 reasons why single-family rentals beat apartments. I discuss two specific addresses—one in Memphis and one in Little Rock. Our Investment Coaches help you free with these and other income properties and your strategy at GREmarketplace.com. Resources mentioned: Show Page: GetRichEducation.com/494 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: <a href= "https://www.
S1 E493 · Mon, March 18, 2024
Why the Fed Should NOT Lower Rates, Spartan Summit Presentation
Get our free real estate course and newsletter: GRE Letter I state the reasons why I DON’T believe that the Federal Open Market Committee should lower interest rates. Rates are currently normalized. Watch the full Spartan Summit Presentation here . The first half is played on this episode. President Biden is trying to help the housing market’s poor affordability and undersupply. Fed Chair Jerome Powell made recent remarks on the real estate market. He emphasized the lack of supply. High rates = strong economy Low rates = weak economy Lowering interest rates to zero is artificial and introduces distortions in an economy. If we have a recession, we need “rate cut ammo” in order to make cuts at that time. Lowering rates also sets up an inflationary environment. That’s bad for society, but leveraged income property investors benefit. A “Fed pivot” means that the FOMC changes from raising rates to lowering rates, or vice versa. Resources mentioned: Show Page: GetRichEducation.com/493 Full Spartan Summit presentation video: On YouTube Freddie Mac mortgage survey: https://www.freddiemac.com/pmms Mortgage News Daily mobile app For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: <a href= "https://www.youtube.com/c/GetR
S1 E492 · Mon, March 11, 2024
Inflation is an Immoral Force
Get our free real estate course and newsletter: GRE Letter Learn why inflation helps dishonest people and harms honest ones. I use an example of a honeymaker. Both new-build SFRs and apartment units are being shrinkflated. Landlords skimpflate by: delayed maintenance, transferring the electric bill to the tenant, adding a surcharge for storage locker use, firing the doorman, charging to park beneath the carport, or not replacing an old fridge. Instead, raising the rent is the ethical thing to do. To comfortably afford the typical US home, it took $59K in 2020 and $107K today. In a sense, you’re both richer and poorer than your grandfather. Learn why investing through IRAs is a poor strategy. I compare RE market conditions from when I bought my first property in 2002 with 2024’s conditions. Timestamps: Inflation and Immorality (00:01:51) Explanation of how inflation impacts the economy and the moral dilemma it creates for producers. Housing Affordability (00:04:26) Discussion on the impact of inflation on home affordability and the consequences for renters and homeowners. Rental Affordability and Apartment Shrinkflation (00:05:47) Insights into the shrinking size of new apartment units and the implications for rental affordability. Impact on Middle Class and Homeownership (00:08:29) Analysis of how inflation affects the middle class and the changing dynamics of homeownership. Affordability by Metro Area (00:11:09) Breakdown of home affordability in different metro areas and its correlation with real estate cash flow. Impact of Inflation on Wealth and Society (00:17:11) Discussion on the implications of inflation on wealth accumulation and its societal effects. Conventional Finance and IRAs (00:24:45) Brief mention of conventional investment vehicles like 401(k) and Roth IRA in relation to real estate investing. Conventional Wisdom (00:26:36) Challenges conventional financial wisdom, emphasizing real estate investment over traditional saving and budgeting. Roth IRA vs. Traditional IRA (00:27:45) Discusses the limitations and drawbacks of Roth IRAs and traditional IRAs in relation to increasing income and real estate investment. Market Timing (00:28:59) Emphasizes the importance of having a sound investment strategy and taking advantage of market conditions, using personal experience as an example. Real Estate Market Comparison (00:30:14) Compares the real estate
S1 E491 · Mon, March 04, 2024
A Savings Account That OTHERS Fund For You
Others quietly fund a savings account for you with every income property that you own. This is known as your ROA, your Return on Amortization. Primary residence owners don’t have this benefit. Tenants rent a property from you. To own the property, you got to “rent” the money from the bank. Landlord tipflation: have you ever asked your tenant for a tip? I don’t recommend it. Integrity: Now that the statistics are in, I follow up on my 2023 Home Price Appreciation (HPA) Forecast. See how it went. When measuring HPA, I explain why I use existing home prices, not new home prices. The size of a new-build home has shrunk 12-15% in just the last decade. Learn about the surprising correlation between rents and home prices. Be honest. Is it completely different that what you thought? Redfin just reported that real estate investor purchases are breaking records. Find the right income property for building your wealth. Our GRE Investment Coaches provide you with free guidance at GREmarketplace.com . Timestamps: Welcome to Get Rich Education (00:00:01) Introduction to the episode and a brief overview of the topics covered. The Benefits of Real Estate Investing (00:01:58) Discusses the benefits of investing in real estate, including equity growth, cash flow, tax benefits, and inflation profiting. Tenant-Made Equity Growth (00:02:47) Explains how tenants contribute to the landlord's equity growth through monthly principal pay down. Landlord Tip Inflation (00:06:39) Compares the lack of tipping in the landlord-tenant relationship to other service interactions and discusses the concept of "landlord tip inflation." Review of Home Price Appreciation Forecast (00:09:06) Reviews the accuracy of previous home price appreciation forecasts and discusses the factors influencing the real estate market. Use of Existing Home Sales Numbers (00:13:01) Explains the rationale for using existing home sales numbers in home price appreciation forecasts and discusses the trend of new home construction. Impact of Population Growth on Real Estate (00:17:03) Highlights the impact of population growth on real estate prices and rental demand, emphasizing the significance of demographics in real estate investing. Special Episode Announcement (00:21:33) Announces the upcoming special episode 500 and expresses gratitude to listeners, particularly those from Colombia. Listener Guest Invitation (00:22:43) Encourages listeners to share their experiences and the impact of
S1 E490 · Mon, February 26, 2024
How to Invest in Timberland Like the Top 1%
Owning raw land, timberland, and farmland is often the domain of the wealthy. This is partly because it is difficult to obtain loans for this property. Today, we discuss an income-producing timberland that also tends to increase in value. For under $7,000 you can own quarter-acre parcels of producing teak trees in Panama and Nicaragua. You can invest yourself. All at once, this provides diversification with a hard asset in a foreign nation and a different product type. Over a twenty-five year period, each $7K quarter-acre teak parcel is projected to return $94K. You get title to the property. Learn more at: www.GREmarketplace.com/Teak With ownership of two quarter-acre parcels, you can qualify for a second residency in Panama for under $22K with legal fees, etc. A SFR does not grow into a duplex. But teak trees grow in volume while its unit price typically appreciates. Teak price growth is historically 5.5% annually. I’ve met the company CEO and Chairman in-person. This provider has offered this opportunity for 24+ years. They’ve recently added a sawmill, increasing profits. What are the risks of teak tree investing? Disease, pests, fire, geopolitics and more. They are proven mitigation plans. In-person teak tours for prospective investors are offered. Trees grow through recessions, COVID, market cycles, and Fed rate decisions. Learn more about teak tree investing at: GREmarketplace.com/Teak Timestamps: Welcome to Get Rich Education (00:00:01) Keith Weinhold introduces the podcast and emphasizes the importance of real estate and financial information. The US economy and land ownership (00:01:44) Keith discusses the strength of the US economy and the importance of diverse and resilient real estate portfolios. America's top 100 landowners (00:02:29) Keith talks about the largest landowners in America and the reasons why land ownership is often associated with the wealthy. Investing like a billionaire (00:05:32) Keith introduces the topic of investing in producing land and the benefits of owning producing land. Introduction to ECI Development (00:06:21) Keith introduces Michael Cobb and discusses the company's projects in Latin America. Marriott resort project in Belize (00:07:08) Mike talks about the construction of a Marriott resort in Ambergris Key, Belize, and the challenges of financing such projects. Development and tourism in Belize (00:08:37) Michael Cobb discusses the development and popularity of Ambergris Key, Belize, and the involvement of major hotel brands. Teak tree parcels investment (00:11:30) Michael Cobb explai
S1 E489 · Mon, February 19, 2024
Strategic Loan Options for Real Estate Investors, Mortgage Rate Forecast
You’ll get an exact mortgage rate prediction from the President of the lending company that’s provided investors with more financial freedom than anyone in the nation. Learn how to best access your equity, yet keep your low mortgage rate first loan untouched. In this Get Rich Education podcast episode, host Keith Weinhold and guest Caeli Ridge, President of Ridge Lending Group, delve into the direction of mortgage rates. They highlight the importance of understanding today’s environment and discuss refinancing opportunities in the current market. Caeli outlines various loan products available to investors and predicts over 50% of appraisals now come in high, indicating strong future valuations. She also forecasts higher mortgage rates to persist, with a possible Fed Funds Rate reduction by June and a 6.125% rate for 30-year fixed mortgages, non-OO, with 25% down, by the end of 2024. The episode emphasizes education and strategic planning in real estate investment. I get my own loans at Ridge. You can too at RidgeLendingGroup.com Timestamps: The impact of inflation on real estate investing (00:00:00) Discusses leveraging properties to increase wealth, the relationship between mortgage rates and real estate, and the impact of inflation on property values. Understanding the importance of mortgage rates (00:03:52) Explores the neutral relationship real estate investors have with mortgage rates, the impact of mortgage rates on home affordability, and the significance of current mortgage rates. Historical perspective on home price affordability (00:06:18) Provides insights into the historical trends in home affordability, comparing past and current median home prices and the impact of inflation on home values. The power of leverage in borrowing (00:10:14) Illustrates the impact of inflation on loan principal balances and monthly mortgage payments, emphasizing the benefits of optimizing borrowing. Mortgage rate prediction and refinancing trends (00:16:57) Discusses the future direction of mortgage rates, refinancing trends, and the importance of considering interest rates in the context of overall investment strategies. Explanation of high points charged on investment property loans (00:23:12) Provides an explanation for the high points charged on investment property loans, related to the servicing of mortgage-backed securities and the absence of prepayment penalties. Accessing Equity with HELOC and HE Loan (00:24:21) Discussion on accessing equity using keylock and HE loan, including LTV ratios and interest rate comparisons. Trade-offs Between HELOC a
S1 E488 · Mon, February 12, 2024
Why Does Bitcoin Have Any Value?
Learn the pros and cons of bitcoin, the world’s largest cryptocurrency. Bitcoin can be moved well across space and time. You can’t move dollars over time due to inflation; you can’t move gold over space due to weight and security concerns. Real estate, bitcoin, and gold are all scarce and take real-world resources to produce. Bitcoin is a global digital currency that’s decentralized. Nick Giambruno joins us to discuss why bitcoin has value today. Since there can only be 21 million bitcoin, it cannot be debased like dollars are. By April, bitcoin will experience a halving. Rather than 900 new bitcoins brought into issuance daily, there will be 450. The SEC’s recent Spot EFT approval will give more investors bitcoin access. The higher the stock-to-flow ratio, the harder the asset. What about governments shutting down bitcoin, regulating it, or taxing it to death? We discuss. Bitcoin price volatility is a problem in currency adoption. Lots of energy is used in bitcoin mining. But much of it is stranded energy. Bitcoin cannot produce income. Keith Weinhold stresses his preferred way to hold bitcoin. Timestamps: Bitcoin's value proposition (00:00:01) Keith Weinhold introduces the topic of Bitcoin's value and why it is relevant to a real estate show. Jamie Dimon's criticism of Bitcoin (00:05:27) JPMorgan Chase CEO Jamie Dimon expresses his disdain for Bitcoin and blockchain technology in a heated conversation. Bitcoin's resistance to debasement (00:07:19) Keith Weinhold discusses the resistance of Bitcoin to debasement and the skepticism of governments and financial institutions towards it. The origin and value of Bitcoin (00:08:18) Nick Giambruno, an international investor, explains the history and value proposition of Bitcoin, emphasizing its decentralization and resistance to debasement. Bitcoin's hardness and production rate (00:14:21) Nick Giambruno delves into the concept of Bitcoin's hardness and its production requirements, comparing it to other assets like gold and real estate. Bitcoin's upcoming halving event (00:16:28) Nick Giambruno discusses the significance of Bitcoin's upcoming halving event, which will impact its stock-to-flow ratio and reinforce its value proposition. Bitcoin's scarcity (00:19:42) Bitcoin's limited supply and its unique scarcity attribute, compared to other commodities like gold. Upcoming halving event and Bitcoin ETF approval (00:20:53) Discussion on the significance of the upcoming halving event and
S1 E487 · Mon, February 05, 2024
Immigration Crisis Worsens—Severe Housing Impacts Felt
Immigrants keep pouring into the US’ southern border. How are we going to house them? We’re already millions of housing units undersupplied. Some migrants get free housing. Yet there are homeless veterans. Here’s what to expect from more immigration: more rental housing demand, more multigenerational dwellings, more homelessness, higher labor supply. Get a simple explanation about title insurance. Our in-house Investment Coach, Naresh, joins us with a real estate market update. Two popular investment markets are Memphis BRRRRs and Florida new-builds. He provides free coaching at GREmarketplace.com . Timestamps: The immigrant crisis worsens (00:00:01) Discussion on the increasing number of immigrants and the housing shortage crisis in the United States. Housing supply shortage (00:02:44) Analysis of the shortage in housing supply, estimated to be around 4 million units, and the decline in available housing units. Impact of immigration on housing demand (00:05:07) Forecasted impacts of immigration on housing demand and the expected population growth due to immigration. Challenges and solutions for housing immigrants (00:09:03) Discussion on the challenges of housing immigrants and potential solutions, including easing construction restrictions and promoting the building of entry-level housing. Title insurance explained (00:17:29) Explanation of title insurance, its types, and its significance in real estate transactions. Update on property manager's situation (00:15:08) An update on the property manager's situation involving stolen rent payments and the tenant's agreement to compensate for the loss. Mortgage rates and inflation (00:21:52) Discussion on the current mortgage rates and their correlation with inflation, as well as predictions for future rate movements. Mortgage Rates and Fed's Strategy (00:22:54) Discussion on the impact of the Fed's decision to hold rates and its potential effect on mortgage rates. Incentives and Real Estate Markets (00:25:08) Explanation of incentives offered in Memphis and Florida real estate markets, including the BR method and new build properties. Real Estate Investment Strategies (00:29:04) Comparison of the Memphis BR method and Florida new build as investment strategies, emphasizing the benefits of each approach. Property Investment Insights (00:32:16) Discussion on the impact of property ownership and the potential for life-changing outcomes through r
S1 E486 · Mon, January 29, 2024
Should We Eliminate the Property Tax? Featuring Tom Wheelwright
California is strengthening protections for tenants. I discuss. It’s already a disadvantageous state for real estate investors. My Property Manager had my tenant’s $1,550 rent payment stolen from his drop box last year. He expects me to take the loss. I won’t. Who is liable for the payment - the thief, bank, tenant, manager, or the investor (me)? Tom Wheelwright, CEO of WealthAbility, joins me. We discuss the role of property tax in funding essential services. The conversation touches on the regressive nature of property tax, alternatives to it, and the importance of understanding tax strategies. US taxes of all types keep ratcheting higher over time. But they’re still lower than most world nations. The episode also considers the impact of elections on tax policies, emphasizing the need for informed voting regarding taxation. You need a tax professional that knows how to find you all the deductions for real estate investors here: GetRichEducation.com/Tax Timestamps: Landlord-Tenant Relationships (00:00:00) Discussion on landlord-tenant relationships, stolen rent payment, and potential elimination of property tax. New Renter Protections in California (00:02:30) Overview of new laws in California regarding upfront deposit amounts, eviction protections, and banning of crime-free housing policies. Options for Homeowners in California (00:03:50) Details about new housing laws in California, including more options for accessory dwelling units and their impact on the housing crisis. Stolen Rent Payment Dilemma (00:05:53) Narrative about a stolen rent payment, liability concerns, and the property manager's proposed resolution. Feasibility of Eliminating Property Tax (00:13:45) Discussion on the possibility of abolishing property tax and its funding of schools, fire departments, and police services. Property Tax Funding (00:18:37) Insights into the funding of property tax and its allocation to schools, fire departments, and police services. Property Tax and Its Impact (00:19:37) Discussion on the challenges and implications of property tax as a wealth tax and its regressive nature. National Property Tax Rates (00:20:40) Exploration of the national average property tax rate and its impact on property value and inflation. Proposition 13 in California (00:21:34) Analysis of the impact and benefits of Proposition 13 in California, which limits property tax increases for homeowners staying in the same home. Alternatives to Property Tax (00:23:27) <p
S1 E485 · Mon, January 22, 2024
The Creeping Silent Depression and Current Economic Realities with Doug Casey
Has America already descended into a depression worse than the 1930s Great Depression? Today’s guest, Doug Casey, suggests that we have. He joins us from Buenos Aires, Argentina, where inflation has been 100%+. Is real estate cheap, adequately priced, or overpriced? America’s national debt is so bad that we must now spend $1T annually just on the interest alone. Keith Weinhold and guest Doug Casey explore the silent economic depression in America, discussing signs and impacts on daily life. They compare real estate affordability across locations, viewing housing as a consumer good. Doug offers insights on Argentina's housing market, inflation, and the new president's influence. They critique government intervention, fiat currency, and advocate for gold-backed currency, emphasizing moral values. Strategies to counter currency debasement, like investing in durable goods and property improvements, are shared, alongside the benefits of spending on experiences and potential tax advantages of real assets. Timestamps: The silent economic depression (00:00:00) Discussion on the concept of a silent economic depression and how it may be affecting America. Real estate and property management issues (00:02:32) An unusual property management incident and the impact of inflation on real estate in Argentina. The guest's background and consistency (00:03:53) The guest's background, consistency in views, and a discussion on diverse viewpoints. Comparison of housing costs (00:04:59) Comparison of housing costs and other expenses between the Great Depression era and the present day. Real estate in the United States and Argentina (00:06:08) Comparison of real estate prices and living expenses in the United States and Argentina. Housing as a consumer good (00:09:29) Discussion on housing as a consumer good and the impact of government policies on housing and wealth creation. Comparison of housing costs and amenities (00:10:56) Comparison of housing costs, amenities, and political changes in Argentina. Impact of inflation on standard of living (00:14:37) The impact of inflation on capital, standard of living, and the unsustainability of the current economic situation. Government deficits and inflation (00:18:05) Discussion on government deficits, inflation, erosion of the middle class, and the role of the government in creating inflation. A Currency and Gold (00:20:22) Doug Casey discusses the benefits of using gold as currency and the potential impact of government involvement. <
S1 E484 · Mon, January 15, 2024
How to Avoid Living Below Your Means and Leverage Debt
Join our live, virtual event for Alabama income properties tomorrow at: https://gremarketplace.com/webinar/ Learn a lesson from a story about when I was a landlord. My neighbor was a fourplex owner-occupant, just like me. We built a fence together. He told me that he can’t wait to get his building paid off. Don’t pay down your mortgage debt. In most cases, you can invest those dollars elsewhere for a higher return. I discuss two things build wealth: 1) Leverage. 2) Borrowing against your assets, tax-free. You don’t have substantial equity in your properties because you paid them down. You have substantial equity because its value has appreciated. Today, you can report tenant rent payments to the credit reporting agencies. Alabama has low property prices and the nation’s 2nd-lowest property taxes. GRE Investment Coach, Aundrea Newbern, MBA, joins me. Join our live event for Alabama income properties Tuesday, January 16th at 8 PM Eastern. The provider is offering 5.99% interest rates and 3% PM fees on your first three properties. Sign up now at: https://gremarketplace.com/webinar/ Timestamps: The introduction (00:00:01) Keith Weinhold introduces the podcast and mentions the topics to be covered, including lessons from being a landlord, a formula for wealth, and a focus on a lucrative property market. Keith's early real estate experience (00:02:46) Keith shares his early experience as a landlord, comparing notes with another landlord and discussing their strategies for living for free in their fourplexes. Debt mindset and wealth building (00:05:30) Keith discusses his divergent mindset from his fellow landlord, emphasizing the importance of leveraging debt for wealth building and portfolio expansion. The power of leverage and portfolio growth (00:10:08) Keith explains how he leveraged equity to expand his real estate portfolio, emphasizing the benefits of using accumulated equity to acquire more properties. Real estate market diversification (00:11:22) Keith advocates for buying properties across different states and markets to access better deals and maximize portfolio growth. Tenant management and credit reporting (00:13:42) Keith shares tips on tenant management, including the option to report rent payments to credit bureaus to incentivize timely payments and manage tenant relations. Financial perspectives and real estate strategies (00:16:12) Keith discusses contrasting financial perspectives with a CFO friend, highlighting the benefits of leveragi
S1 E483 · Mon, January 08, 2024
Five
Yes, simply "five". The number "5" has remarkable symbolism on both real estate investing the GRE way, and elsewhere in your life pathway. See how real estate actually performed when compared to other asset classes in the past year: stocks, gold, bitcoin, and bonds. Everyone knows that some commercial real estate is sagging, like office. Industrial is steady. Retail is actually booming. Recession predictions were so bad. In the past year, we had low unemployment, rising GDP, solid corporate profits, and inflation fell. I explain what an inverted yield curve means and why it matters to you. Not only does “Real Estate Pay 5 Ways”, but the number “five” often has significance in both symbolism and numerology. Using a $40K down payment on a $200K property, I add up how “Real Estate Pays 5 Ways” and sum a lofty 46% total rate of return with today’s real-life numbers. We have available inventory of income property. If you’re ready to buy, contact our Investment Coaches. It’s free at www.GREmarketplace.com/Coach GRE Marketplace properties are less expensive because: there’s no agent to compensate, selective investor-advantaged markets, and not dealing with owner-occupant emotions. Timestamps: Asset Class Performance (00:01:25) Comparison of various asset class performances in the past year, including stocks, global stock markets, bitcoin, treasury notes, gold, and residential real estate. Inverted Yield Curve Explanation (00:07:47) Explanation of an inverted yield curve, its significance as a predictor of economic downturn, and a simplified example to illustrate the concept. Five Ways Real Estate Pays (00:12:18) Discussion of the five ways real estate provides returns to investors: appreciation, cash flow, return on amortization, tax benefits, and inflation profiting, with a focus on the symbolic significance of the number five. Real Estate Returns Calculation (00:18:49) Illustration of a simplified method to calculate the total return on investment from a real estate property, covering appreciation, cash flow, return on amortization, tax benefits, and inflation profiting. Investment Opportunities (00:16:23) Promotion of investment opportunities with Ridge Lending Group and Freedom Family Investments, emphasizing the potential returns and benefits of investing with them. Upcoming Episodes and Conclusion (00:17:44) Teaser for upcoming episodes featuring investment coaches and discussions on property tax, and a conclusion expressing the significance of real estate returns and investment. Replacing Toilet Flappers and Spackl
S1 E482 · Mon, January 01, 2024
Will You Pay This Gigantic Proposed Tax?
After discussing the direction of rents, learn about an ominous new tax that’s proposed. SCOTUS and Congress are considering a tax on unrealized gains. For example, if your gold or furniture appreciates from $5K to $8K, would you have to pay a tax on the $3K gain, even if you keep owning the gold or furniture? Tom Wheelwright from WealthAbility joins us to discuss this. Though this is considered a “wealth tax”, the middle class would have to pay it. The tax case being heard is called “Moore vs. United States”. We expect it to be decided this year. Tom & I discuss how few people understand marginal income tax rates’ progressivity. The last dollar that you earn is taxed at your highest rate. The first dollar that you earn is taxed at your lowest rate. Timestamps: Factors Driving Rent Growth (00:02:45) Inflation, lack of inventory, expired rent freezes, shifting workforce, demand for single-family homes, high employment, barriers to homeownership. Promising Development in Multifamily Construction (00:05:33) Multifamily construction reaching a 15-year high, new supply likely to slow down apartment rent growth, inclusionary housing requirements for new construction. Current Rent Trends (00:08:04) Single-family rents up 5%, apartment rent growth at 3%, highest rent price growth in the northeastern quadrant of the US. Supreme Court Case: Moore v. United States (00:11:47) Overview of the case, implications of taxing unrealized gains, arguments for and against the taxation of unrealized income, potential impact on everyday investors and citizens. Challenges of a Wealth Tax (00:18:07) Discussion on the problematic nature of a wealth tax, potential impact on individuals and assets, comparison to estate tax, and potential implications of a wealth tax on various assets. The tax on unrealized gains (00:22:43) Discussion on the potential impact of a proposed wealth tax on unrealized gains and the complexities of taxing assets while they are still held. The regressive nature of wealth taxation (00:24:38) Exploration of the regressive nature of wealth taxation and the challenges in implementing and managing taxes on wealth. Tax laws and equal protection (00:27:19) Insights into how tax laws apply equally to everyone and how billionaires benefit from better advisors to minimize tax payments. Tax rate misconceptions (00:30:15) Clarification of misconceptions about tax rates, including the progressive nature of tax tables and the impact of earning more income. Tax strategies and investment decisions (
S1 E481 · Mon, December 25, 2023
Is US Residential Real Estate Underpriced or Overpriced?
Is real estate cheap, adequately valued, or overpriced? I explore. Everything considered includes: inflation-adjusted price, affordability, quality, and other nations’ prices. Stadium trends are affecting urban real estate. More plan to move outside of downtowns. I divide society into four groups of people. Then I discuss who is harmed by inflation and who benefits most: 1: The poor—lose 2: Paid-off homeowners—hedge 3: Mortgaged homeowners—hedge and profit 4: Mortgaged income property owners—hedge, profit, and increase income Learn how to talk to your tenant so that they never think “How the Rent Stole Christmas”. It’ll help ensure timely rent payments. Many tenants don’t understand that you have a mortgage to pay. Finally, I reveal the exact percentage number that indicates GRE’s 2024 National Home Price Appreciation Forecast. Timestamps: Real Estate Valuation and Gold Ratio (00:02:53) Explains the concept of using the home price to gold ratio as a measure of real estate value and compares it to the long-term average. Global House Prices (00:05:28) Discusses how US home prices are comparatively cheaper than those in other developed nations, such as Australia and Canada. Impact of Quality on Real Estate Value (00:06:40) Highlights the increase in home size, amenities, and safety features over time, suggesting that today's homes offer more value at a potentially lower inflation-adjusted price compared to the past. The trend of sports complexes with casinos (00:12:15) The speaker discusses the trend of building sports complexes with casinos, mentioning examples such as Mark Cuban's plan for a new Mavs arena and the proposed entertainment complex and casino next to Citi Field. The necessity of a second job due to inflation (00:13:36) The speaker explains why inflation makes a second job necessary, emphasizing the importance of investing money at a rate higher than inflation to maintain prosperity and quality of life. The four groups and their relationship with inflation (00:14:46) The speaker categorizes four groups of people based on their ownership of property and how they are affected by inflation, highlighting the benefits and disadvantages each group experiences. The Landlord-Tenant Relationship (00:24:22) Discussion on maintaining open lines of communication with tenants and addressing misconceptions about landlords being greedy. Explaining Property Expenses (00:25:37) Informing tenants about the various expenses that landlords have to cover, such as mortgage, insurance, taxes, and maintenance.
S1 E480 · Mon, December 18, 2023
Goal Setting—The Key to Unlocking Your Riches
Most people float through life without direction. You must get clarity of focus before you can even begin setting goals. Robert Helms of The Real Estate Guys, a professional real estate investor, reveals a framework for goal-setting. Goals should be SMART—Specific, Measurable, Attainable, Relevant, and Time-Based. I provide examples of two athletic goals that I failed to achieve this year. It’s vital to surround yourself with the right people. Goals should be written down. It helps to set intermediate benchmarks within the goal. It’s difficult to stretch more than 50% from year-to-year. Keep the goal achievable. Is your life destined or is your life made? Our recent Instagram Poll result is that 75% chose “destined”, 25% “made”. You can attend the highly-rated Goals Retreat , hosted by Robert Helms, January 12th to 14th in Dallas, Texas. You’ll learn how to get clear on who you really are and really want to be, then set goals. Timestamps: Setting Goals and Achieving Growth (00:02:40) Keith Weinhold discusses the importance of setting clear goals and the need to step out of one's comfort zone for personal growth. The Influence of Others on Goal Setting (00:08:01) Robert Helms emphasizes the impact of surrounding oneself with the right people and being strategic about the influences in one's life. The SMART Goal Framework (00:09:44) Keith Weinhold mentions the SMART goal framework as a well-known framework for setting goals and achieving success. Setting SMART Goals (00:10:03) The speaker discusses the SMART goal framework and how it helps in setting specific, measurable, attainable, relevant, and time-based goals. The Importance of Specific and Measurable Goals (00:11:08) The speaker emphasizes that goals need to be specific and measurable in order to track progress and determine success. Breaking Down Outcome Goals into Activity Goals (00:13:56) The speaker explains the importance of breaking down outcome goals into specific steps or activity goals to make them more achievable and actionable. Discover Your Destiny (00:19:40) Discussion on the belief in destiny and the importance of clarity in goal setting. Success Stories (00:21:14) Examples of individuals who have achieved success and life satisfaction through goal setting and clarity. The Importance of Clarity (00:26:30) The significance of clarity in goal setting and the initial steps to take before setting goals. The assessment of personal skills (00:28:3
S1 E479 · Mon, December 11, 2023
How Inflation is Ravaging America
A crying, sniffling mother reveals how inflation is ravaging her family. Despite a two-parent income, she tells us that they're trending toward poverty due to wages that struggle to cover inflated prices. For home prices to fall, many homeowners need to walk away. But if they tried that today, they’d have to pay more in rent than they would on their low mortgage payment. It’s absurd to only have one source of income. 401(k)s are considered a scam by some. I explain. Plan participants buy an income stream “probably later”. Real assets that cash flow provide income “surely now”. There’s no such thing as: rent inflation, food inflation, or energy inflation. Inflation comes from the central bank. One dollar in 1776 has the purchasing power of $35.36 today. The worst consequence of inflation is that one parent could work to be middle class in the 1950s. It became two by the 1990s. After the 2020s inflation wave, two parents might not be enough anymore. I explain why the Fed should keep interest rates the same for at least one year. But I doubt that they will. Resources mentioned: Show Notes: GetRichEducation.com/479 Terrific inflation resource, charts: https://www.officialdata.org/us/inflation/1776 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup
S1 E478 · Mon, December 04, 2023
The Corporate Transparency Act is Coming. It Probably Affects You.
If you own a real estate entity (like an LLC), the new Corporate Transparency Act (CTA) must be complied with soon. I have my own attorneys on the show to discuss this today, Garrett and Ted Sutton. You must report ownership information to the federal government. It must only be done one-time, not annually. The penalties for non-compliance with the CTA can be as high as $10,000 in fines or up to 2 years in jail. Those penalties would be for the most egregious acts. The intent behind the CTA is to prevent money laundering and terrorist financing. If you don’t own real estate in an LLC, you probably won’t need to comply. There are pros and cons of using LLCs, which I discuss. For help complying with the CTA, you can contact Corporate Direct at CorporateDirect.com or (800) 600-1760. Resources mentioned: Show Notes: GetRichEducation.com/478 Corporate Direct: CorporateDirect.com 1-800-600-1760 Video platform with kids’ FinEd: SunnStream.com/fivetricks For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. <span style="fon
S1 E477 · Mon, November 27, 2023
Uncertain and Unsafe
Today's topics: Conventional financial advice is God-awful; tertiary real estate markets; I’ve got a solution to guilt tipping; whether or not the world is uncertain and unsafe. Conventional financial advice is so bad. I attack the practices of setting budget alerts and paying off your smallest debts first. Don’t roll a debt snowball; roll a cash flow snowball. In the past five years, tertiary markets are beginning to exhibit the rent stability of larger markets. Guilt tipping is out of control. Learn my elegant solution. You’ll never pay a guilt tip again. It seems like the world is increasingly uncertain and unsafe. It isn’t. I talk about why it only seems this way. Timestamps: The limitations of budgeting (00:02:43) Discussion on the drawbacks of using budgeting platforms and how they reinforce scarcity thinking. The debt snowball concept (00:05:09) Explanation of the debt snowball method of debt paydown and why it is not aligned with an abundance mindset. Investing in tertiary real estate markets (00:09:43) Exploration of the emerging bullish case for investing in smaller, tertiary real estate markets and their stability compared to larger markets. Tertiary Real Estate Markets (00:10:56) Discussion of the advantages and objections to investing in smaller tertiary real estate markets. Increasing Investor Appetite in Smaller Markets (00:12:02) Exploration of the growing interest and sales volumes in tertiary real estate markets. Guilt Tipping and a Solution (00:20:16) Explanation of guilt tipping and a proposed solution to avoid feeling pressured to leave a tip when making digital payments. Guilt Tipping and the Increasing Expectations (00:21:20) Discussion on the rise of tipping expectations and the use of digital payment prompts to ask for tips. The Problem with Guilt Tipping and the Inconvenience of Undoing Tips (00:23:45) Exploration of the annoyance of guilt tipping and the difficulty of undoing tips after poor service. The Solution: Paying Cash to Avoid Guilt Tipping (00:31:18) Suggestion to pay with cash as an elegant solution to circumvent guilt tipping and ignore electronic payment terminals. The Uncertainty of the World (00:32:25) Discusses how uncertainty has always existed and how waiting for complete clarity can hinder investment decisions. Disasters and Uncertainty (00:33:47) Lists various disasters and events that have occurred in the US, highlighting the constant presence of uncertainty and the relative sense of certainty and safety today. <p d
S1 E476 · Mon, November 20, 2023
The Real Estate Market is Slowing, 5.75% Mortgages in Florida
Join our free Florida income properties webinar on Monday, November 27th for 5.75% mortgage rates at: GREwebinars.com Home prices are up 4.5% annually through Q3. It’s the fastest growth rate in months. Three out of ten renters are now age 55+, the most ever. Older renters are good for you: lower turnover, more quiet, more savings & income, and lower regulation compared to assisted living. Overall US population growth is slowing, from 1.2% a generation ago to 0.5% today. It’s expected to grow until 2080. I discuss the DOJ crackdown on the NAR and real estate commissions. 1.6 million real estate agents could lose their jobs. Apartment building rate caps have become super-expensive. One of our real estate Investment Coaches, Naresh, joins us from Florida. Naresh tells us how to get 5.75% mortgage rates on new-build Florida income property at GREwebinars.com Resources mentioned: Show Notes: GetRichEducation.com/476 Join our Florida properties webinar, free, Nov. 27th at 8:30 PM ET at: www.GREwebinars.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold
S1 E475 · Mon, November 13, 2023
Why Settle for 5%? How to Obtain 10-12% High Yield Returns.
I don’t keep much money in a savings account, money market account, or treasury bonds. They only pay 5% interest. Instead, I get 10-12% cash returns and semi-liquidity by private lending on real estate and operations with Freedom Family Investments . My guest, the company CEO, Dani Lynn Robison and I discuss how it works. They’re a family of 7 real estate-centric companies. They pay me 10-12% on a loan that I make to them that funds their real estate and business operations. You can too. It’s called their Master Note. Text FAMILY to 66866. These private lending programs have just a $25K minimum, accredited and non-accredited, returns up to 12%. Rather than getting in on the equity side here, which is usual, you’re getting in on the debt side. This way, you’re more liquid than when you buy property yourself. We discuss 3 vital investor questions: Who do you trust? Where do you begin? What’s the best path for you? Dani Lynn & I discuss a good investor outcome. We also discuss how when things went wrong, the investor/lender still got completely repaid. I can personally tell you that they’ve always paid me on-time and in full. Some people don’t like to share where they personally invest, but this could really help you. Vocabulary terms explained: financial runway, demand depositor, time depositor, vertical integration. If a high-yield passive return of 10-12% sounds interesting to you, text FAMILY to 66866. Resources mentioned: Show Notes: GetRichEducation.com/475 For 10-12% returns with Master Notes with Freedom Family Investments : Text “FAMILY” to 66866 Dani Lynn Robinon’s book, “Get Real”: https://www.amazon.com/Get-Real-Understand-Estate-Investing/dp/B0BZF99S5K For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple
S1 E474 · Mon, November 06, 2023
America's Eventual Recession Reckoning with Richard Duncan
Will higher interest rates and inflation persist for a decade? An upcoming recession always seems to be perpetually just around the corner. Learn when it should finally happen. Macroeconomist Richard Duncan joins me. I tell you a funny story about when he was GRE’s first-ever guest in 2014. Currency is now being destroyed—called Quantitative Tightening. Negatives for future asset prices: QT, higher rates, student loan debt repayment, stronger dollar, asset prices already inflated, high personal asset-to-income ratios, higher oil prices, looming government shutdown. Positives for future asset prices: monetary stimulus hangover, high employment, CHIPS and Science Act, Inflation Reduction Act, The AI Revolution, prospect of lower future inflation and interest rates. Richard provides his opinion and insight on today’s real estate market. If inflation-adjusted credit growth is less than 2%, expect a recession. If it goes negative, expect a depression. Get a 50% Discount on Richard Duncan’s MacroWatch video newsletter. Use the code “GRE” at: RichardDuncanEconomics.com Resources mentioned: Show Notes: GetRichEducation.com/474 Get a 50% Discount on Richard Duncan’s MacroWatch video newsletter. Use the code “GRE” at: RichardDuncanEconomics.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: <span style="font-si
S1 E473 · Mon, October 30, 2023
Multifamily Values Down 25%. Will it Hit Residential? Featuring Neal Bawa
Failed deals. Capital calls. Lost investor money. A dreadful and sobering conversation ensues for many in some commercial real estate sectors. Residential (1-4 unit) and commercial (5+ unit) real estate fortunes are decoupling. Multifamily commercial loans are at the mercy of interest rate resets. Residential is stable due to low supply and sustained demand. Neal Bawa from MultifamilyU and I outline the multifamily problem. Values have plummeted 25%. The magnitude of the multifamily problem is about 1/80th of the 2008 Global Financial Crisis. There are two reasons for the office apocalypse—both declining income and increasing expenses. Only 3% of office buildings in downtown cores have a floor plan that can be converted to residential. Dreadful. There will be possible discounts in the hotel industry due to a lack of funding and loans. Retail has surprising bright spots. We discuss the future of rents through 2026. Will multifamily problems create contagion into 1-4 unit residential? We discuss. Timestamps: Multifamily industry changes and challenges [00:00:46] Discussion on the new difficulties faced in multifamily, such as failed deals, capital calls, and banking industry challenges. Opportunity arising in the multifamily market [00:01:12] Exploration of the current opportunity in the multifamily market due to a 25% reduction in prices from the peak, caused by distressed transactions and high interest costs. Anatomy of the problem with floating rate debt [00:05:57] Explanation of the issues faced by apartment building owners or syndicators when they have floating rate debt without rate caps, leading to potential deal blow-ups. The rate cap issue [00:08:29] Discussion on operators neglecting to buy a rate cap or buying a rate cap set too high, leading to negative cash flow. Magnitude of the multifamily reset problem [00:09:47] Comparison of the current multifamily reset problem to the global financial crisis, highlighting the challenges faced by operators. Challenges in refinancing properties [00:12:10] Explanation of the challenges faced by properties in refinancing due to decreased net operating income and increased mortgage costs, leading to potential loss of investor money. The availability of multifamily loans [00:16:50] Neil discusses the availability of commercial real estate loans, particularly in the multifamily space, and how it differs from other asset classes. Lending challenges in the commercial real estate space [00:18:03]</p
S1 E472 · Mon, October 23, 2023
Pennsylvania's Secretary of Banking and Securities Joins Keith
Before our PA Governor-appointed public official guest joins us, I discuss how autonomous cars expect to change real estate. Richard Vague , Pennsylvania’s Secretary of Banking and Securities from 2020-2023 joins us. We’re in the state capital of Harrisburg, PA. We discuss America’s beginnings in real estate and banking from around 1800. He tells us about the health of banks in the wake of recent failures due to higher interest rates. I ask Richard about full reserve banks vs. fractional lending banks. Great Britain prohibited colonists from owning land west of the Appalachians. The basis of early land wealth were crops grown on the land—wheat, corn, tobacco, indigo, and rice. Mortgages around 1800 were often 50% LTV and 6% interest rates. Here in the 2020s, Richard believes that private sector debt is a larger problem than public debt. Wherever debt growth is most rapid are where the economic cracks exist. Inflation benefits the Top 10% of the economic strata. Private debt becomes unsustainable around 225% of GDP. In the US, it’s currently 160%. You become insolvent when you cannot make interest-only payments. That’s true for you as an individual, or a nation. If these topics interest you, check out Richard’s new book, “The Paradox of Debt” at ParadoxOfDebt.com . Timestamps: America's beginnings with banking, real estate, and debt [00:00:01] Discussion on the historical influence of Pennsylvania banking on the formation of US banking, including figures like Robert Morris and Alexander Hamilton. The impact of autonomous vehicles on real estate [00:02:54] Exploration of the potential effects of autonomous vehicles on real estate, including reduced need for parking and changes in commuting patterns. The role of the Secretary of Banking and Securities in Pennsylvania [00:09:20] Insight into the responsibilities of the Secretary of Banking and Securities in Pennsylvania, including oversight of banks and consumer protections. The fractional reserve lending system [00:10:44] Explanation of how banks operate through fractional reserve lending and the possibility of full reserve banks. The origins of the US banking system and the role of Thomas Willing [00:12:06] Discussion on the founding of the US banking system and the involvement of Thomas Willing, the first banker in the United States. The land crisis of 1796-1797 and its impact on Robert Morris [00:14:14] Exploration of the financial crisis caused by land speculati
S1 E471 · Mon, October 16, 2023
Real Financial Freedom, 4.75% Mortgages in Florida
At age 20, you’re actually happy to trade your time for money. At 30, many have realized that they don’t want to work at their job for the rest of their lives. At 40, if you have collected things that pay you to own them, you’re financially-free. Instead, by age 50, corporate ladder-climbers often realize that their ladder was leaning up against the wrong building. Most people play the wrong financial game all their life. You want to get financially-free first. You can get debt-free later. “The Debt Decamillionaire” concept is revisited. Learn how to get 4.75% mortgage rates for Florida income property with what is known as a “builder-forward commitment”. Start here . What about hotly spiking Florida property insurance? We discuss how premiums have been kept in-check with post-2004 built property and more. Expect $3,200 rents on a new-build $474K duplex with 4.75% mortgage rates in Southwest Florida. SFRs are available too. Start here . There’s free PM for the first year too. Resources mentioned: Show Notes: GetRichEducation.com/471 4.75% mortgages in Florida: GREmarketplace.com/Southeast If you’d like help with one of GRE’s Investment Coaches (free), start here: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: <p dir="l
S1 E470 · Mon, October 09, 2023
The Collapse of American Cities with Doug Casey
Crime, homelessness, poverty, immorality, theft and urban decay. What are US cities turning into? NYC Mayor Eric Adams has said that 100,000 new migrants will destroy his city. With business and residents moving out of many urban cores, property tax revenues decline. San Francisco’s Union Square neighborhood has been especially hard hit. 60,000 people left SF county from 2020 to 2022. There’s homelessness, crime, higher housing costs and more remote work. There are now shuttered storefronts. Nordstrom and Whole Foods closed there. Vacant office buildings often can’t be turned into residential housing. This accelerates decay and urban stagnation. Author Doug Casey joins the discussion. We discuss the “Defund the Police” movement. The fall of Rome and Babylon are compared. Learn what other nations think about America today. If America is so bad, why are migrants attracted to it? We need to be mindful that nations, states, and cities all vary substantially by crime and demographics within them. Resources mentioned: Show Notes: GetRichEducation.com/470 Doug Casey’s website: InternationalMan.com Doug Casey’s YouTube: Doug Casey’s Take If you’d like help with one of GRE’s Investment Coaches (free), start here: GREmarketplace.com/Coach <span style="font-size: 10pt;
S1 E469 · Mon, October 02, 2023
How To Work the Tax System Like a Billionaire
Learn how to permanently reduce your tax burden. The greatest tax breaks for real estate investors are revealed. But first, home prices are permanently elevated because they’re larger and with more amenities than they had in the 1970s. Today’s homes have vaulted ceilings, multiple fireplaces, granite countertops and more square footage. I describe. John Hyre, the Tax Reduction Lawyer , joins us for the first time. The top federal income tax rate is 37%. Learn where it’s headed next. On your short-term rentals (like Airbnbs), sometimes you can reduce your taxes by legally stating that it’s a “hotel”. Your rent income is taxed at less than your day job (W-2) income. Rent income is not burdened with social security and self-employment tax. Learn exactly how tax depreciation lowers taxable income for real estate investors. You’ll legally never pay any capital gains tax with a 1031 Exchange. We review how. Will the 1031 Exchange go away? John tells us how to get $100K tax-free out of your property—without doing an exchange. Timestamps: The direction of the marginal income tax rate [00:08:19] Discussion about the current marginal income tax rate and the potential for changes in the future. Tax changes under the Trump administration [00:09:22] Explanation of the Trump tax changes and the potential impact of those changes on real estate investors. Taxation of rental income [00:10:08] Explanation of how rental income is taxed differently from regular job income, specifically regarding self-employment and social security taxes. Opportunity and traps of Airbnb rentals [00:10:25] Discussion on the potential to convert Airbnb income into losses and the tax implications of Airbnb rentals. Making an Airbnb an active trade or business [00:11:41] Exploring the distinction between treating an Airbnb as rental income or hotel income for self-employment purposes. Accelerating depreciation with cost segregation study [00:14:17] Explanation of cost segregation study and how it can help real estate investors lower their taxable income by depreciating certain assets more aggressively. Tax Depreciation and its Benefits [00:21:34] Explanation of how tax depreciation works in real estate investing and its value in reducing taxable income. The Basics of 1031 Exchange [00:26:13] Overview of the 1031 exchange, a tax-deferred exchange that allows real estate investors to swap properties without paying capital gains tax. The Long-Term Benefits of 10
S1 E468 · Mon, September 25, 2023
Is This America's Best Cashflow Real Estate Market?
With skyrocketing property insurance costs, more homeowners are skipping insurance altogether. That proportion is estimated at 12% per the WSJ. Single-family rents are up 6.5% annually. Next, we discuss what might be America’s best cash flowing real estate market. Home prices are up this year for four main reasons: large Millennial demand, scarce supply, mostly healthy economy, interest rate levels that are actually normal. As we discuss one of America’s best cash flowing markets, it’s in a state that has strong legal protections for landlords. The cost of living there is 17% below the national average. Unemployment is 2%, according to the provider. Single-family rents are $1,200 to $1,500; prices are $115,000 to $140,000. You can own a freshly renovated property, complete with granite countertops. Average tenant duration is 3-4 years. With higher interest rates, more buyers in this market are paying all-cash or making a larger down payment. Contact your GRE Investment Coach , a free service, if you consider purchasing property in this investor-advantaged market. Timestamps: National home prices and insurance costs [00:00:01] Discussion on the increase in national home prices and the impact of rising insurance costs on homeowners. Rise in single-family rent growth [00:04:04] Exploration of the increase in single-family rent growth and its implications for the rental housing market. America's best cash flow real estate market [00:07:54] Introduction to an area with low property prices and potential for cash flow, including its job growth and investor advantages. The lost luggage incident [00:11:27] Keith shares his memory of his luggage arriving late during a trip to Little Rock and going for a run in street shoes. Little Rock's recognition as a top place for young professionals [00:13:15] Forbes Advisor ranks Little Rock, North Little Rock, and Conway as top ten places for young professionals to live, highlighting employment opportunities and affordability. Growth and economic drivers in central Arkansas [00:15:20] Discussion on population growth, job creation, and economic drivers in central Arkansas, including the presence of distribution hubs, major retailers, tech companies, and government and medical sectors. The demand for single family rentals [00:20:40] The speaker discusses the shift in multifamily housing, the increase in demand for single family rentals, and the lack of new construction in this sector. Arkansas as a landlord-friendly state [00:21:42] <p d
S1 E467 · Mon, September 18, 2023
Navigating Awful Housing Affordability - Rick Sharga Joins Keith
The Fed can raise interest rates, but they cannot create housing supply. Housing intelligence analyst Rick Sharga joins us for the second week in a row. This housing market is awful for primary residence homebuyers. But at GRE Marketplace , you can still buy income properties with rates as low as 4.75%. Rick tells us that the most prosperous markets now favor the: Midwest and Southeast, single-family homes, rental property investors with buy-and-hold strategies. National home prices are appreciating modestly. Home sales volume is still down. Investors now account for more than one-quarter of property purchases. Mortgage delinquencies are near an all-time low. Rick and I discuss why this market is so bad for flippers. High homeowner equity positions ($300K+) support this housing market. Timestamps: The impact of rising mortgage rates [00:02:37] Discussion on how the Federal Reserve's raising of short-term rates has caused mortgage rates to go up, affecting the housing market. The affordability challenge [00:03:38] Exploration of the impact of higher mortgage rates on homebuyers, particularly first-time buyers, and the decrease in affordability. Low supply of homes [00:08:48] Analysis of the low inventory of homes for sale, with a decrease of 9% from the previous year and 47% from 2019, leading to a challenging market. The mortgage rate lock in effect [00:11:05] Discussion on how the mortgage rate lock in effect can crimp demand but cannot create supply. Hottest markets in the Midwest and Southeast [00:11:05] Analysis of the hottest real estate markets in the Midwest and Southeast regions of the United States. Positive turn in home price appreciation [00:13:06] Explanation of how home price appreciation went down but has recently turned positive again. Housing Permits, Starts, and Construction [00:21:24] Discussion on the trends and levels of housing permits, starts, and construction, and the need for builders to increase production. Investor Activity in the Residential Market [00:22:28] Exploration of the percentage of home purchases made by investors, with a focus on small and medium-sized investors and the misconception of institutional investors dominating the market. Delinquencies and Foreclosures [00:24:36] Analysis of mortgage delinquency rates, foreclosure activity, and homeowner equity, highlighting the low delinquency rates, the presence of equity in foreclosed homes, and the importance of early-stage foreclosure sales. <p dir="
S1 E466 · Mon, September 11, 2023
Red Flags for an Economic Recession? Rick Sharga Joins Keith
In many world nations, if you’re born poor, you stay poor. I discuss how in America, you can be upwardly mobile. Back in 2010, real estate prices had fallen, but rents had not. This created years of cash flow. Today, as prices have outpaced rents, cash flow keeps shrinking. Our Investment Coaches have access to income properties with 4.75% and 5.75% mortgage interest rates. It's a way to "bring back cash flow". Get started at GREmarketplace.com/Coach Terrific housing intelligence analyst Rick Sharga joins us for the first of two consecutive episodes. Rick & I discuss the condition of the American consumer, inflation and interest rates, concerns about a potential economic downturn, the housing market, the impact of consumer confidence on spending, and the actions taken by the Federal Reserve to control inflation. There’s flagging consumer confidence and a yield curve inversion. Are these finally harbingers of an economic recession? Rick’s informal survey of economists find that there’s a 50-50 chance of a recession this cycle. Earlier this year, 80% of economists felt that a recession was imminent. If there is a recession this cycle, Rick thinks there’s a probability that it will be mild. Average hourly wages are $28-29 / hour. Wage growth is 4-5%. Wages are finally running higher than home price appreciation. Timestamps: The Future of Real Estate Investing [00:01:33] Discusses how owning real estate can help individuals move into a different wealth class and the benefits of owning rental properties. Changes in the Real Estate Market [00:04:06] Explains how the real estate market has changed over the years, with property prices catching up to rents and the decrease in cash flow opportunities. Taking Advantage of Low Mortgage Rates [00:07:53] Highlights the opportunity for investors to take advantage of low mortgage rates offered by builders and the benefits of using their preferred lenders. (Yes, even here in 2023. We have 4.75% and 5.75% rates that builders buy down.) The housing market correction [00:11:31] Discussion on the correction in the housing market and its localized impact on different regions. Economic landscape of the United States [00:16:09] Overview of the US economy, including GDP growth and the strength of consumer spending. Wage growth and home price appreciation [00:20:16] Comparison of wage growth outpacing home price growth, impacting housing market affordability. Consumer Confidence and Spending [00:21:24] The correlation between consumer confidence and spending during the pandemic, the impact of subsequent waves of COVID, and the role of pent-up consumer demand and government stimulus. Red Flags in Consumer Spending [00:22:25]</p
S1 E465 · Mon, September 04, 2023
Unearthing the Wealth of Gold
Why is gold even worth anything in today’s modern world? Isn’t it just a lump of metal? In fact, I tell today’s guest that I believe gold is a poor wealth creation vehicle. Our guest is Dana Samuelson, Founder and Owner of American Gold Exchange . He’s one of the most influential, pedigreed and respected names in the gold industry. Major central banks have been hoarding gold recently—like Russia and China. Last year, central banks bought the most gold on record. We discuss why. A recent survey found that only 11% of Americans own gold. The case for owning gold: no counterparty risk, millennia of value, liquidity, limited supply, it’s like “money insurance”. The case against gold: storage burden, no yield, few industrial applications, difficult to lever. Though gold is historically a poor wealth *creation* vehicle, it’s excellent for long-term wealth *storage*. Dana generally agrees with me there. Most gold that’s been mined in world history still exists today. Learn how to identify fake gold. Dana discusses how you can store your gold. You effectively pay “closing costs” on bullion. I describe. We also quickly cover: silver, platinum, and palladium. Resources mentioned: Show Notes: www.GetRichEducation.com/465 American Gold Exchange: www.AmerGold.com info@amergold.com 1-800-613-9323 Get mortgage loans for
S1 E464 · Mon, August 28, 2023
Avid GRE Listener Buys 11 Rental Properties in 4 Years. Here’s What Happened.
Today’s guest, Shawn Finnegan, failed in California real estate investing pre-2008. But in 2019 he listened to GRE, came back, and succeeded. He now benefits from $2,000 in monthly residual cash flow from 11 Memphis income properties. He wants a fourplex next. Shawn and his family moved from Los Angeles, CA to Costa Rica where he now lives financially-free. He’s a former abdominal model, appearing on magazine covers. He invented “The Anchor Gym” home gym system. By listening to GRE, he had the confidence to invest with our “Financially-Free Beats Debt-Free” mantra. “Don’t Quit Your Daydream” resonates with him most. Resources mentioned: Show Notes: www.GetRichEducation.com/464 The Anchor Gym: www.TheAnchorGym.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold
S1 E463 · Mon, August 21, 2023
America's Frightening Homeless Problem, Crazy Investing Manias—Tulip Bulbs, Beanie Babies
More homeless people have been created due to the housing supply crisis. Homelessness is up 11% since last year, per the WSJ. The opioid crisis, consumer inflation, and NIMBYism have contributed too. California has the most homelessness on both a total and per capita basis. States with higher housing costs have more homeless people. I share our poll results: “Should we pay to house the homeless?” Are you a NIMBY? We find out today. We can increase housing supply with rezoning, construction training, and lower mortgage rates. The cycle of investor emotions led to wild investing manias. It was tulip bulbs in the 1600s Netherlands and Beanie Babies in the 1990s United States. I discuss exactly why “buy low, sell high” is more difficult than it sounds. Timestamps: The correlation between homelessness and the housing market [00:00:00] Discusses the relationship between the housing market and the increasing problem of homelessness in America. Investing manias and lessons from history [00:00:00] Explores the phenomenon of investing manias and the lessons that can be learned from historical examples. The tight inventory market conditions and potential solutions [00:04:56] Lawrence Yun, Chief Economist of the National Association of Realtors, discusses the tight housing market conditions and suggests tax incentives to increase housing supply. Timestamp 1 [00:10:32] Affordability of moving to different cities and the proposal of a tax incentive for real estate investors. Timestamp 2 [00:11:49] Discussion on the housing supply crisis, mortgage rates, and the homeless population in the US. Timestamp 3 [00:14:14] Increase in homelessness in America, reasons behind it, and the correlation between housing prices and homelessness rates. The impact of high density housing on quality of life and home value [00:21:12] Discussion on the potential negative effects of building high density housing near single family homes, including reduced home value, increased traffic and noise, and loss of nearby open space. Alternative solutions to increase housing supply and reduce homelessness [00:23:30] Exploration of alternative measures to address homelessness, such as trade training for the homeless and relaxing excessive safety requirements in home building. Giving real change to the homeless [00:25:50] Encouragement to give directly to homeless shelters or soup kitchens instead of giving small change to individuals on the street, with the concept of "give real change not small change" explained. <p dir="l
S1 E462 · Mon, August 14, 2023
How Often Do Home Prices Fall? Homeownership Rate, Join Our Live Event
Get our free "Don't Quit Your Daydream" Letter. Text 'GRE' to 66866. Home prices fell three times since 1975. We explore the reasons why. The homeownership rate is 66% today. (The long-term average is 65%.) I expect the homeownership rate to fall due to low affordability, which will increase renter households. If you have dollars in a savings account that pays 5% interest, I describe why you’re losing prosperit. Our Investment Coach, Aundrea & I discuss the state of the real estate market. Then we discuss our upcoming live event for new-build Utah fourplexes. They produce cash flow, have great tenant amenities and come with built-in equity. This area is extremely fast-growing: Register here . Timestamps: National Home Prices Fall and Causes [00:00:01] Discussion on the historical trends of national home prices, the causes of price falls, and the impact of the 2008 global financial crisis. Housing Affordability Crisis [00:00:50] Exploration of the current state of housing affordability and the impact of the pandemic on home prices. Upcoming Real Estate Event [00:01:44] Announcement of an informative live real estate event that listeners are invited to join. The current state of housing affordability [00:11:45] Discussion on the challenges faced by first-time homebuyers due to higher prices, mortgage rates, and lending requirements. Homeownership rate trends [00:13:11] Analysis of the historical homeownership rates, including the impact of aging population and low affordability on the rate. Future outlook for homeownership rate [00:19:40] Prediction of a decline in the homeownership rate below the current 66% due to poor affordability and increasing number of renters. Rental Market Overview [00:24:10] Discussion on the current state of the rental market, including cash flowing properties, stable prices, and limited inventory. Demand for Investment Opportunities [00:26:14] Exploration of the demand from investors who are looking to invest their existing equity and the regions they are interested in, such as the Southeast and Midwest. New Build Income Properties [00:28:14] Introduction of a provider offering new construction fourplexes in the Intermountain West, discussing the market growth, population demographics, and amenities of the properties. The opportunity for new build properties in a fast growth area [00:34:59] Discussion on the benefits of investing in new construction properties in a rapidly growing area with good cash flow. T
S1 E461 · Mon, August 07, 2023
Skyrocketing Insurance Costs, The End of Free Money
Sharply higher insurance premiums are affecting property owners nationwide. It’s especially bad in: CA, LA, FL, TX and CO. This is due to erratic weather (climate) and higher rebuilding costs. Phenomena like an increasing intensity and frequency of hurricanes, tornadoes, wildfires, and floods are sending some insurers out of business. State Farm and AllState completely stopped issuing new homeowner policies in California. Some areas are on the brink of becoming completely UNinsurable. In that case, the only sales that could occur with all cash buyers. Learn three techniques to keep your skyrocketing insurance costs lower. As you’ll learn today, landlords have more options than homeowners for navigating spiking insurance rates. Then, listen to a CNBC clip along with me about how the end of ZIRP (zero interest rate policy) affects your life and investments. Resources mentioned: Show Notes: www.GetRichEducation.com/461 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Welcome to GRE! I’m your host, Keith Weinhold. First, I’m going to help you make your real estate more profitable in the near term as I discuss how to deal with sk
S1 E460 · Mon, July 31, 2023
Real Estate Cash Flow vs. Stock Cash Flow
In this podcast episode, Keith Weinhold and Kirk Chisholm discuss the differences between real estate and stock investing. Kirk Chisholm is the Principal of Innovative Advisory Group. He provides his perspective as a wealth manager, emphasizing the control and lower risk offered by alternative assets like real estate. Learn the difference between risk and volatility. We discuss risk-adjusted returns, liquidity, and the importance of understanding and managing risk. The conversation also covers cash flow, dividends, big tech stocks, and private mortgages. Interest rates and inflation—we discuss their future. Kirk believes rates will stay at this higher rate for a long time. Timestamps: The Paradigm Shift in Interest Rates and Inflation [00:00:01] Discussion on the new paradigm of interest rates and inflation and how it affects real estate and stock investors. The Impact of Front Porches on Society [00:01:35] Exploration of the impact of the disappearance of front porches on neighborhoods and communities. The Definition and Management of Risk in Investments [00:05:50] Explanation of how risk is defined and managed in different types of investments, including stocks, real estate, and alternative assets. The difference between volatility and risk [00:10:21] Explanation of the temporary price movements (volatility) and permanent impairment of capital (risk) in different investment assets. The illiquidity of real estate and non-traded REITs [00:13:11] Discussion on the illiquidity of real estate compared to publicly traded markets and the example of non-traded REITs during the 2008 financial crisis. Importance of cash flow and dividends in stock investments [00:15:26] Exploration of the two camps in stock investing: cash flow-driven investors and appreciation-driven investors, and the significance of dividends and cash flow in stock investments. Dividend Stocks and Value Stocks [00:20:17] Explanation of the difference between growth stocks and value stocks, with a focus on dividend-paying stocks. Private Mortgages and Cash Flow [00:21:12] Discussion on the benefits of investing in private mortgages and how it provides a passive income stream. Default Rates on Hard Money Loans [00:25:48] Exploration of the default rates on hard money loans and the industry's approach to mitigating risks for both borrowers and lenders. The new paradigm of interest rates and inflation [00:31:32] Kirk Chisholm discusses the shift in the economic paradigm from low interest rates and inflation to hig
S1 E459 · Mon, July 24, 2023
Your Questions Answered: Raw Land, Debt Mindset, Controlling Repair Expenses
Watch the video of today's podcast intro here . Are starter homes a thing of the past? Did the Fed just win? I provide commentary and perspective on both. Hear clips from: Donald Trump, Jamie Dimon, and Jerome Powell. Then, I answer four listener questions: Should I make my first real estate investment a new development from raw land? Does it make sense to sell some rental properties, pay off others, and make my life easier? My returns are down because my property repair bills are higher than expected. What should I do? Since the government has high debt, won’t they keep printing dollars? If you have a listener question, ask it here: GetRichEducation.com/Contact Timestamps: The state of the real estate economy [00:00:01] Home prices and housing supply [00:01:33] Analysis of home prices reaching new highs, the decrease in new listings, and the impact on housing supply. Mortgage rates and the future of interest rates [00:03:54] Insights on the direction of mortgage rates, the unlikelihood of rates returning to the 3% range, and the opinions of Lawrence Yun, the chief economist at the NAR. The Fed's Soft Landing [00:10:31] Discussion on the Federal Reserve's efforts to control inflation and maintain economic stability. Building Development as a First Investment [00:12:49] Advice on whether it is a good idea for beginners to invest in land development and the challenges involved. Acquiring More Property or Paying Down Debt [00:19:02] Advice on whether to continue acquiring properties or pay off existing debt and downsize for a more enjoyable life. The philosophy of debt [00:21:11] Debt can be beneficial and indicate wealth, as seen in examples of successful individuals with high levels of debt. Managing repair costs for rental properties [00:24:18] Charging tenants for the first portion of repair bills can incentivize them to make minor repairs themselves and reduce long-term repair costs. Inflation and government debt [00:30:12] Inflation can debase government debt, reducing its value, similar to how it affects personal debt. The US government's ability to print money allows for easier repayment of debt. The housing supply and marketplace [00:31:30] Discussion on the historically low US housing supply and the importance of staying up to date with the inventory and other elements in the real estate market. Resources mentioned: Show Notes:
S1 E458 · Mon, July 17, 2023
How Scott Saunders Built a 64-Unit Portfolio of Single-Family Rentals
Get our newsletter free here or text “GRE” to 66866. In this podcast episode, host Keith Weinhold introduces Scott Saunders, a successful real estate investor who shares his insights and experiences in building a portfolio of 64 single-family rental properties. They discuss the advantages of investing in cash-flowing rental properties, the importance of focusing on cash flow in the early stages, and the benefits of single-family rentals compared to multifamily properties. Scott also discusses his analysis of different markets for real estate investment and his approach to financing and leveraging his investments. They emphasize the importance of seeking professional advice and using resources like GREmarketplace.com for wealth building. Timestamps: The advantages of single family rentals [00:06:22] Scott discusses the advantages of investing in single family rentals, including better cap rates, long-term fixed-rate financing, and the inherent demand for single family homes. Greater liquidity with single family rentals [00:08:31] Scott and Keith talk about the liquidity component of single family rentals, highlighting that even in a recession, people will still need a place to live and therefore be buyers of single family homes. Longer tenancy duration in single family rentals [00:09:34] The discussion focuses on how tenants tend to stay longer in single family homes and duplexes compared to larger apartment buildings, often due to factors such as larger square footage and the desire to be in a specific school district. The importance of cash flow at the beginning [00:11:34] Starting with cash flow-centric properties and gradually moving towards appreciation as the portfolio grows. Scaling up the portfolio with short-term targets [00:14:55] Setting 90-day targets to buy a specific number of properties, leading to significant progress in a year. Factors in selecting the next market to buy in [00:18:24] Considerations include having a communicative property manager and existing opportunities in a market rather than solely focusing on a good deal. The importance of relationships in real estate investing [00:19:18] Scott discusses the significance of having a good relationship with property managers and asset providers in different markets. Factors to consider when choosing a real estate market [00:20:18] Scott talks about the importance of factors such as job growth, a diversified economy, and an influx of people when selecting a market to invest in. Using inflation as a tailwind in real estate investing [00:23:54]</
S1 E457 · Mon, July 10, 2023
Interest Rates Will Go Much Higher, According to Experts with Jim Rogers
Get our newsletter free here or text “GRE” to 66866. Higher interest rates are cracking the economy—failing banks and failing commercial RE loans. With many expecting rates to go much higher, what else will break? Keith Weinhold, the host of the Get Rich Education podcast, discusses the current state of interest rates and their potential future trajectory. Jim Rogers, legendary investor with an estimated $300M net worth, returns. He shares his insights on interest rates and inflation. We discuss the impact of inflation on various asset classes, including real estate, and the potential for higher interest rates in the future. The conversation also touches on topics such as agricultural real estate, the oil market, central bank digital currencies, and the role of gold and bitcoin as alternative forms of wealth storage. Overall, the episode provides valuable insights into the current economic landscape and its implications for investors. Title [00:01:56] Introduction and overview of the current state of interest rates and market distortions. Title [00:05:03] Discussion on the unpredictability of interest rate predictions and the acknowledgment of inflation by Jerome Powell. Title [00:08:28] Explanation of the historical trend of interest rates, the recent rise in rates, and predictions for future rate movements. Title [00:12:09] Jim Rogers on Borrowing Money and Interest Rates Discussion on the benefits of borrowing money at low interest rates and the prediction of interest rates going higher. Title [00:14:27] Jerome Powell and the Possibility of a Soft Landing Questioning whether Jerome Powell can raise interest rates enough to control inflation without causing an economic crash. Title [00:18:41] Inflation, Interest Rates, and Real Estate Exploring the impact of inflation and interest rates on real estate investments and the potential risks for property owners. Topic 1: Agricultural Real Estate [00:22:21] Discussion on the opportunities in agricultural real estate due to erratic weather patterns and reduced yields in various crops. Topic 2: Oil Market [00:24:16] Conversation about the current state of the oil market, the decline in known reserves, and the potential for higher energy prices. Topic 3: Central Bank Digital Currencies (CBDCs) [00:26:04] Exploration of the proliferation of CBDCs and the implications of a digital currency controlled by central authorities, including potential restrictions on spending and increased government control. Title [00:32:06] History of Money and Gold Standard Discussion on the different forms of money
S1 E456 · Mon, July 03, 2023
Why a Housing Crash is 100% Certain - with Keith Weinhold and Ken McElroy
Get our newsletter free here or text “GRE” to 66866. Are you curious about the direction of rents and property prices? In this episode of Get Rich Education, host Keith Weinhold dives into the absolute 100% certainty of a housing crash and how mortgage rates affect home prices. Keith is interviewed by Ken McElroy. He also shares the importance of real estate in reducing taxes and increasing income. Keith discusses the attractive pricing and inflation in Ohio, and the benefits of investing in new build properties. He even touches on the increasing gold purchases by central banks and the potential impact on personal finances. Don't miss out on these valuable insights and learn about the prospects for a housing crash. Tune in now! Title [00:01:37] Advertisement for Freedom Family Investments An advertisement for Freedom Family Investments and the benefits of investing in real estate. Title [00:02:00] Introduction to Get Rich Education Keith White introduces the podcast episode and talks about the longevity and popularity of the show. Title [00:03:54] Real Estate Price Gains Since the Start of the Pandemic Keith White discusses the cumulative home price appreciation in different regions since February 2020. Title [00:12:33] Discussion on the attractiveness of real estate pricing and the impact on renters. Title [00:15:08] Keith's personal experience of starting with a fourplex and the concept of house hacking. Title [00:19:38] Exploring the house hack model as a solution to affordability issues and leveraging other people's money for real estate investment. Title [00:22:12] Investing Out of State The speaker discusses the benefits of investing in real estate out of state and the importance of choosing the right market and team. Title [00:24:58] Importance of Prioritizing Market and Team The speaker emphasizes the importance of prioritizing the market and team before considering the property in real estate investing. Title [00:27:19] Supply Crash vs Price Crash The speaker explains the significance of the housing supply crash that occurred in April 2020 and how it affects property prices and homelessness. Title [00:31:51] Inflation Measurement Challenges Discussion on the difficulty of accurately measuring inflation due to various factors such as personal preferences and hedonic adjustments. Title [
S1 E455 · Mon, June 26, 2023
Disturbing Facts About Your Bank, Many Millennials Will Rent Forever
Get our newsletter free here or text “GRE” to 66866. Storing your money at a bank entails more risk than you think. Your deposit is a bank’s liability. Banks must take risks with your money because they don’t charge you fees. Banks used to have a 10:1 reserve ratio. As of March 2020, all reserve requirements are now eliminated. Rather than storing lots of money at the bank, borrow lots of money from the bank. US households own $41T of owner-occupied property—$29T in equity, $12T in debt. The national LTV ratio is 30%, historically low. That’s 70% equity. Of the five ways real estate pays: one profit source is the market, two are from the tenant’s job, and two come from the government. Many Millennials plan to rent forever. 63% have nothing saved for a down payment. The interest-rate lock in effect keeps constraining the available supply of homes. This forces more homebuilders to build. Last week, NBC Nightly News covered the rise of build-to-rent communities. Resources mentioned: Show Notes: www.GetRichEducation.com/455 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Welcome to GRE! I’m your host, Keith Weinhold. Do you have any idea what banks do with your money? How home equity is li
S1 E454 · Mon, June 19, 2023
How to Build Generational Wealth
The wealth of families often dissipates to zero within a generation or two. Learn about the Vanderbilt family’s downfall and how you can avoid these mistakes. Have an estate plan. I explain the difference between a will and a trust. I introduce you to my friend Michael Manthei. A regular GRE listener, Michael and his wife bought 55 units within 4 years and acquired $85,000 of annual real estate income. He thinks about generational wealth as: income, taxes and inflation, giving, faith, service, preserving stories, character, physical health, and that your family is a treasure. Learn the difference between inheritance and generational wealth. Today, Michael runs the Elevate Investing Group. His upcoming event, Generational Wealth 2023, is August 18th-19th, 2023 in Lancaster, PA. Register here . I’ve never heard of an event like this. Multiple generations of one family will tell you how they did it. Resources mentioned: Show Notes: www.GetRichEducation.com/454 Michael’s transformational event: Generational Wealth 2023 Build a trust or will fast: TrustAndWill.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation </p
S1 E453 · Mon, June 12, 2023
America's Awful Housing Shortage, Meet Our New Investment Coach
The world’s most powerful nation can’t even house its own people. Keith Weinhold discusses housing shortage problems and solutions. Meet our new Investment Coach, Aundrea. Coaching is free for you. It helps you purchase investment properties. Connect with both of our coaches now at: GREmarketplace.com/Coach We discuss: international RE investing, accumulated dead equity, portfolio loans, declining LTVs, rising insurance premiums, and regional markets. Aundrea can help you with properties nationwide. We discuss Southeast Georgia and the Intermountain West. Southeast Georgia has strong cash flow. We discuss mid-term rentals (MTRs) in the area. Many are single-families under $200K. MTRs are furnished and the owner pays the utilities. In LTRs, a 1% rent-to-price ratio is possible. The Intermountain West features new-build duplexes to fourplexes in fast-growth Utah. These are better for long-term appreciation and inflation-profiting. Often, you get built-in equity. Fourplexes prices are $970K. Aundrea’s coaching makes it easy for you. She’ll learn your goals. If you prefer, she’ll help you: run the property numbers, write your offer, negotiate inspection and appraisal, manage your property, and help you through closing. Get started at: www.GREmarketplace.com/Coach Resources mentioned: Show Notes: www.GetRichEducation.com/453 Free GRE Real Estate Coaching: www.GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.
S1 E452 · Mon, June 05, 2023
Ken McElroy - Worse Than 2008? Commercial Real Estate Crash
Keith Weinhold and Ken McElroy discuss the impact of rising mortgage rates on the commercial real estate market. They talk about the foreclosure of a Houston real estate investment firm, and the need for syndicators to anticipate changes in interest rates and have capital reserves in place. The speakers predict that high-rise commercial office buildings will be the first domino to fall in the commercial real estate market. They also discuss the potential fallout from the expiration of commercial debt and the upcoming Limitless Expo event in Scottsdale, Arizona. Resources mentioned: Show Notes: www.GetRichEducation.com/452 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Attend the Limitless event, June 15th-17th: LimitlessExpo.com $22M Office Building to Convert to Multifamily: https://www.loopnet.com/learn/deal-of-the-month-22m-office-teardown-makes-way-for-multifamily/2115617288/ Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete transcript: Keith Weinhold (00:00:02) - Welcome to GRE. I'm your host Keith Weinhold last year's spiking of the Fed funds rate caused banks to fail this year and last year's. Doubling of mortgage rates is causing commercial real estate to fail this year. Why is it happening? How bad is it with commercial real estate and how bad will it get? That's t
S1 E451 · Mon, May 29, 2023
Racial Controversy
Did you expect to hear this about Black people? We have a discussion about equality in housing. First, if you close your eyes and wake up in 10 years, where do you want to find yourself? I explore. For some reason, investors want to time the real estate market, yet they dollar cost average into stocks. 1% down payment mortgages are here. Learn about the latest AI development. The maker of ChatGPT is developing “Worldcoin”. It would verify if you’re human by scanning your eyeballs. Finally, there’s a long history of racial discrimination in both society and housing. The Fair Housing Act—part of the Civil Rights Act of 1968—helped break down discrimination. The Fair Housing Act protects people from discrimination on the basis of race, religion, national origin, sex, handicap, and family status when they are renting or buying a home, getting a mortgage, or seeking housing financial assistance. Learn the difference between equality of opportunity and equality of outcome. The latter is difficult to administer. Providing equal opportunity in housing is not just the law. It’s the right thing to do. I explain why it actually benefits you. Resources mentioned: Show Notes: www.GetRichEducation.com/451 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete transcript: Welcome to
S1 E450 · Mon, May 22, 2023
What If I Gave You $10M? Real Estate Pays 5 Ways Revisited, Why Everyone Wants to Live Alone
Get a 4.75% mortgage rate or 100% financing on new-build Florida income property. Start here . If I gave you $10M, learn why that probably wouldn’t even help you. We revisit how “Real Estate Pays 5 Ways”, a concept that I coined right here on the show in May 2015. Some think real estate pays three, four, or six ways. I revisit why there are exactly five. Real estate has many paradoxical relationships. I explore. Americans are living in homes longer than ever, now a duration of 10 years, 8 months. The active supply of available housing dropped again. Get an update on the gambling industry. A major sports gambling platform has offered to advertise with us. Take my free real estate video course right here . Zillow expects US home values to rise 4.8% from April 2023 to April 2024. Months of available housing supply is currently 2.7 per Redfin. Resources mentioned: Show Notes: www.GetRichEducation.com/450 Active Supply of Available Homes: https://fred.stlouisfed.org/series/ACTLISCOUUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete transcript: Welcome to GRE! I’m your host, Keith Weinhold. If you were gifted $10M ri
S1 E449 · Mon, May 15, 2023
Live the Life You Were Created to Live, 12 Ways to Raise Rent and Add Value to Your Property
Are you living the life that you were created to live? I explore. People have harbored unfounded real estate fears for years. Here they were: 2012: Shadow inventory 2013: Boomers downsizing 2014: Rates spike 2015: PMI recession 2016: Vacant units 2017: Home prices above pre-GFC peak 2018: 5% mortgage rates 2019: Recession? 2020: Pandemic 2021: Forbearance crisis 2022: Rising rates 2023: Recession US houses prices are heading up this spring. The latest FHFA’s Monthly Housing Report shows 4% national home price appreciation. We explore apartment reputation scores. This is a great proxy for what’s happened in housing the past three years. As an investor, you have a low “loss to purchase” with your tenants. It’s difficult for them to buy their first home. I discuss 12 Ways that you can raise the rent and increase the value of your property. Resources mentioned: Show Notes: www.GetRichEducation.com/449 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Credit to BiggerPockets.com Welcome to GRE! I’m your host, Keith Weinhold. We get clear together - Are you truly living the life that you were created to live? A housing market upd
S1 E448 · Mon, May 08, 2023
How to Add More Income Streams to Your Life
The average millionaire has 7 income streams. We discuss 2 income streams today—ATMs and Car Washes. They’re low touch, more passive than turnkey real estate investing. With ATMs, is cash use on the decline? Not among the demographic they serve. We discuss the future of cash use. Some ATM users pay a $3 surcharge to access a $20 bill. That’s why it's profitable. You can buy a unit of five ATMs. They’ve provided a 26.1% cash-on-cash return and high tax advantages. It’s returned $2,262 per month. Learn more about ATMs at: GREmarketplace.com/ATM Car wash profits are enhanced with a subscription model. Few on-site employees are needed. You can invest alongside a tech-forward car wash franchise, Tommy’s Express Car Wash. The WSJ stated that no business other than car washes can create this much profit on a one acre lot. As society changes, EV, gas-powered, and diesel cars must all go through the car wash. ATMs and car washes demonstrate high operating margins and many tax advantages. You must be an accredited investor. Learn more about car washes at: GREmarketplace.com/CarWash Resources mentioned: Show Notes: www.GetRichEducation.com/448 Learn more about ATMs: GREmarketplace.com/ATM Learn more about Car Wash investing: GREmarketplace.com/CarWash Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: <a href= "https://www.instagram.com/get
S1 E447 · Mon, May 01, 2023
Unlocking Secrets of Income Property Loans Today
Learn how to harvest equity without giving up your low, fixed-rate mortgage. Today, I discuss: conventional loans for single-family rentals, DTI, refinancing, accessing equity, student loan debt, and down payment requirements for income properties with Ridge Lending Group President, Caeli Ridge. Learn what’s better for a second mortgage—the pros and cons of a HELOC vs. Home Equity Loan. You also get a mortgage market overview. We discuss changes in cash-out refinance seasoning requirements. Caeli also describes where she believes mortgage rates are headed later this year. Resources mentioned: Show Notes: www.GetRichEducation.com/447 Ridge Lending Group: www.RidgeLendingGroup.com info@ridgelendinggroup.com Join us for tomorrow’s free GRE Florida properties webinar: www.GREwebinars.com Ridge’s All-In-One Loan Simulator: https://ridgelendinggroup.com/aio-simulator/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Speaker 0 (00:00:00) - Welcome to GRE! I'm your host Keith Weinhold. You can get a conventional loan for a single family rental with less than a 20% down payment. Learn why you might want to refinance today. Even though mortgage rates aren't as low as they were a couple years ago, how do you qualify for loans if you've already got student loan debt? Al
S1 E446 · Mon, April 24, 2023
Why I Rejected my Grandpa's Advice, RE Market Heats Up in Florida
Grandpa told me to save money and buy a fixer-upper. What about paying off my mortgage ASAP? Learn why I rejected it all. Changing attitudes towards debt and savings began with high inflation in the 1970s. I compare global home prices and their changes since 2010. Projects for $300K starter homes are going extinct in America. Keith Weinhold and Naresh Vissa describe the upcoming webinar for new-build properties in Florida—single-family homes up to fourplexes. It will offer incentives that are even better than the 2% closing cost cash and two years of free property management. Join next week’s Florida properties live event at: GREwebinars.com Resources mentioned: Show Notes: www.GetRichEducation.com/446 Sign up for our Florida webinar next week: www.GREwebinars.com World Housing Prices Since 2010: https://www.visualcapitalist.com/cp/mapped-global-housing-prices-since-2010/ $300K Starter Homes Going Extinct: https://finance-yahoo-com.cdn.ampproject.org/c/s/finance.yahoo.com/amphtml/news/300-000-starter-home-going-151338810.html Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold **Speaker 1** (00:00:01) - Welcome to GRE! I'm your host, Keith Weinhold, learn why I rejected my grandpa's advice about debt and real estate. Global home prices have surged not just since 2020, but really for the last decade plus. How does America compare to the world there? Then the real
S1 E445 · Mon, April 17, 2023
Your Questions Answered: Overleveraged, House Hack vs. Turnkey, Hyperinflation
Keith Weinhold answers listener questions about real estate investing. He advises listeners on how many properties they need to own to become a millionaire, how to invest $40,000 to reach a $100,000 down payment for a rental property, and how to find the best future real estate markets. Keith emphasizes the importance of positive cash flow, avoiding over-leveraging, and owning properties in multiple job growth markets and states. He also discusses the potential for hyperinflation and the benefits of owning real assets to combat inflation. Keith encourages listeners to leave a rating and review for the podcast and consult with professionals for individualized advice. **Taylor's question [00:01:07]** How many properties must I own to become a millionaire? Keith explains that it depends on the profitability of the properties, how much they go up in value, and how much rent is charged. **Mitrel's question [00:05:04]** Should I invest my $40,000 in the stock market to reach my $100,000 down payment goal for a rental property? Keith advises on risk tolerance and suggests alternative options such as I bonds. **Kevin's question [00:09:08]** What are the forward-looking indicators to find the best future real estate markets? Keith talks about the prospect of hyperinflation and provides insights on finding the best real estate markets. **Forward Looking Indicators for Real Estate Markets [00:09:16]** Keith answers Kevin's question about selecting MSAs with forward-looking indicators, including population growth, employment, and upcoming government infrastructure projects. **Sponsor Ads [00:15:45]** Keith thanks Ridge Lending Group, JWB Real Estate Capital, and Mid-South Home Buyers for sponsoring the show. **House Hacking in Southern California [00:18:03]** Keith advises Connor on whether to invest in an out-of-state rental or house hack in Southern California, considering high real estate prices, tax rates, and tenant protection laws. **Real Estate Financing Options [00:19:03]** Keith discusses financing options for single-family homes and fourplexes, including FHA and VA loans, and the advantages and disadvantages of house hacking in Southern California versus investing out-of-state. **Hyperinflation and the US Economy [00:21:40]** Keith addresses a listener's question about the possibility of hyperinflation in the US economy, defining hyperinflation and discussing the factors that contribute to it, including a nation's debt and foreign demand for its currency. **Leverage in Real Estate Investing [00:25:00]** Keith answers a listener's question about being over-leveraged in real estate investing, explaining the risks of taking on too much debt and emphasizing the importance of buying properties th
S1 E444 · Mon, April 10, 2023
Ominous Threats to Housing Prices
In this podcast episode, Keith Weinhold discusses the benefits of investing in stable property markets, the risks and benefits of taking out a second mortgage on a property, and the potential impact of remote work on the real estate market. Weinhold also touches on the performance of stocks and other asset classes in the first quarter of the year, highlighting the drawbacks of savings accounts, CDs, and money market funds, and suggesting that investing in real estate can be a better option. Overall, Weinhold emphasizes the importance of investing in stable markets with high rent ratios and strong landlord tenant laws. **Real Estate Prices [00:03:39]** Discussion of the current and future direction of real estate prices, with a recap of the benefits of investing in real estate. **Tapping Equity [00:04:50]** Explanation of the problem with tapping equity and the risks of taking out a second mortgage on a property. **Second Mortgage [00:05:43]** Explanation of how to add a second mortgage onto a property and access cash without refinancing the entire loan, with details on the 80% combined loan value ratio. **Risks of Second Mortgage [00:07:49]** Discussion of the risks of taking out a second mortgage, including interest rate fluctuations and the potential pitfall of borrowing short to go long. **Second Mortgage Benefits and Risks [00:09:51]** Discussion of the benefits and risks of taking out a second mortgage on a property for investment purposes. **Current Direction of Home Prices [00:12:09]** Analysis of the current direction of home prices in the resale market, including a survey of resale agents and national existing home prices. **Regional Real Estate Market Performance [00:18:00]** Discussion of the stability of regional real estate markets, with a focus on the southeast and midwest, and the importance of stable prices, high rent ratios, and strong landlord tenant laws. **WFH Trends and Regional Real Estate Markets [00:20:24]** Analysis of the potential impact of work from home trends on regional real estate markets, including an increase in flexible job postings in major cities. **Virtual Real Estate Investing [00:25:02]** Discussion of the recent failures of metaverse projects and the risks of virtual real estate investing. **Factors Affecting National Home Prices [00:26:15]** Explanation of the headwinds and tailwinds affecting national home prices in 2021, including bank failures, job loss recession, labor and supply inflation, spring home buyer demand, and the supply crash. **Mortgage Rates [00:30:20]** Explanation of the
S1 E443 · Mon, April 03, 2023
Star of HGTV Flipping Shows, Tarek El Moussa
HGTV Star, Tarek El Moussa joins me today. Incredibly, he got into TV with no experience and no contacts. What a story! Apartment and multifamily construction is staying heightened. Conversely, few new single-family homes are being built. We’re now hiring at GRE. Tarek hustles. His life took a turn when he attended a motivational Tom Ferry real estate seminar. To flip a property, he began to identify distressed properties with expired listings. Today, he tells us why he actually targets pending listings for acquisitions. When he got a show with HGTV, Tarek was only doing his first-ever flip. He also didn’t have the money to acquire distressed property for flips. Tarek didn’t even know how to flip! But HGTV immediately wanted him to flip 13 houses in 10 months. Tarek is best at finding and negotiating deals. He outsources other tasks. He chose contractors that specialize in fix & flip renovations. Tarek discovers them by looking at rehabbed property listings, calling the sales agent, and asking for the contractor’s name. Long-term, we discuss being an active flipper vs. passive real estate investor. Today, Tarek and his wife star in HGTV’s “The Flipping El Moussas”. He also has a: real estate syndication, solar company, flipping summit, flipping course, and more. Resources mentioned: Show Notes: www.GetRichEducation.com/443 HGTV’s “The Flipping El Moussas”: www.hgtv.com/shows/the-flipping-el-moussas Homeschooled by Tarek: www.HomeSchooledByTarek.com </
S1 E442 · Mon, March 27, 2023
How Inflation Stole Your Time, Florida New-Build Incentives
Get started with new-build Florida duplexes, triplexes, and quads right here . Conventional personal finance says that you should be able to put in your time, effort, and energy when you're young. When you're older, you can live a great life knocking back drinks served in coconuts. That's being severely threatened. Throughout history, some humans have perpetrated malicious time theft on other humans. Murder and slavery are extreme versions. You're likely the victim of more subtle versions. If you're working at a job, then you're selling your time, effort, and energy into the marketplace. The proxy (currency) that you're receiving in exchange for the finite resources that you expended tangibly represents what you've sacrificed. With dollar inflation blatantly debasing your currency from beneath you, your human life capital is being stolen. Invest in what’s scarce and take real world resources to produce—real estate, gold bitcoin. Avoid what’s abundant and easy to produce—dollars and stocks. I play an audio clip of Fed Chair Jerome Powell’s attack from Elizabeth Warren on raising interest rates. Last week, the Fed hiked rates for the 9th straight time. A Florida builder of rent-to-own properties joins me - SFRs in the mid-$250Ks up to fourplexes. Their build times have been reduced. They’re still paying a higher price for concrete. They’re building smaller, entry-level rental properties that you can buy and have them manage. The builder currently provides income property in: 7 southwest Florida markets, Jacksonville, Ocala, Palm Coast, Inverness, and Citrus Springs. Square footages are falling. Their site selection and stringent building codes are hurricane-resistant. Until at least April 15th, 2023, they’re offering investor buyers 2% of the purchase price at closing (buy down your rate to ~5.75% today) and two years of free PM. Get started here . Our in-house Investment Coach, Naresh, can help get you started. At times, he is paid a referral fee. This is in order to keep it free for you. Resources mentioned: Show Notes: www.GetRichEducation.com/442 Get started with new-build Florida duplexes, triplexes, and quads right here . Fed Chair Powell vs. Senator Warren
S1 E441 · Mon, March 20, 2023
The Real Estate Guys - Robert Helms and Russell Gray on Syndication
You can afford an $8M apartment building. Perhaps you just haven’t really asked: “How?” The answer: syndication. Today’s guests are The Real Estate Guys, Robert Helms and Russell Gray. They’ve had a profound influence on me. If you’re an active real estate investor with some experience, caught the real estate bug, and want to go full-time, Robert and Russ are masters at helping you go bigger, faster with syndication. You can aggregate other investors’ money to buy a deal that you could not afford on your own, like a large apartment building, self-storage unit, or car wash. You must find both deals and investors. Syndicators must follow SEC rules. When you find a deal, the numbers must work for investors. But it helps that your project has a deeper story and meaning. Russell Gray provides an example. The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action Twice annually, they host the live, in-person Secrets Of Successful Syndication event. Resources mentioned: Show Notes: www.GetRichEducation.com/441 Join the next Secrets of Successful Syndication seminar: https://ap216.isrefer.com/go/soss/A0011/ Listen to The Real Estate Guys Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Memphis & Little Rock property that <span st
S1 E440 · Mon, March 13, 2023
When’s the Crash? 2023-2024 Housing Forecast with Rick Sharga
Housing intelligence analyst Rick Sharga joins us. Learn about: plummeting home sales, delinquency and foreclosure rates, future home prices, interest rate direction, housing demographics, builder incentives to buyers, lender repossessions, and homeowner equity levels. I ask Rick: “Is a home price crash imminent?” 70% of mortgage borrowers have an interest rate of 4% or lower. They’re rarely motivated sellers. America should have a housing shortage for at least 5 to 10 more years. FHA borrowers are exhibiting financial distress. Overall, delinquency and foreclosure rates are low. We discuss recession prospects, and what will happen when student loans must be repaid. Home prices are stable or should increase modestly in many areas of the Midwest and Southeast. Home price declines should continue in: many western US areas, high-end homes, and Zoomtowns. They could correct 10% in California. Today, you can get mortgage rates in the 5s on new-build income property. How? With builder incentives for buyers, especially in Florida, at GREmarketplace.com . Want free coaching? GREmarketplace.com/Coach Resources mentioned: Show Notes: www.GetRichEducation.com/440 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Memphis & Little Rock property that cash flows from Day One: <a href= "http://
S1 E439 · Mon, March 06, 2023
Grappling with Rising Property Expenses, Defensive Investing
High inflation has a downside for real estate investors too. Property insurance costs are up 17% year-over-year. Turnover costs have surged 15%. Utility costs up 10%, property taxes up 4%. The obvious way to deal with higher property costs is to raise the rent. I see more lease agreements where tenants must pay for $200 worth of repairs per occurrence. ChatGPT wrote real estate rap lyrics for me and even a podcast script. But I tell you why I won’t use either one. M.C. Laubscher, the Cashflow Ninja joins us. He tells us how to avoid big financial mistakes, earn tax-free returns with liquidity, and the defensive investing strategy mindset. He tells us why future tax rates will probably be higher. High cash value life insurance can help, sometimes known as the “Infinite Banking Strategy”. Learn why liquidity is so important for today’s RE investor. We discuss how much cash you should hold onto. Is 6 months’ worth of expenses enough anymore? Resources mentioned: Show Notes: www.GetRichEducation.com/439 Cashflow Ninja Be your own bank: YourOwnBankingSystem.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Memphis & Little Rock property that cash flows from Day One: <span style="font-size:
S1 E438 · Mon, February 27, 2023
Why Not Do Turnkey Real Estate By Yourself?
Why can’t you do it all yourself? That is, identify, acquire, manage a rehab, place a qualified tenant, and manage a rental property long-term. We talk with the Founder and Investment Coordinator of who may be the oldest turnkey provider in America today, Mid South Home Buyers . They make ugly houses pretty. They only acquire houses that the Founder would be proud to own himself. Mid South Home Buyers’ Terry Kerr and Liz Brody have repeat GRE buyers for their 2nd, 5th, and 9th investment houses in Memphis and Little Rock. They’re passionate about how they’re not snatching away homes from prospective first-time home buyers. They transform and improve neighborhoods. 4 years is the average tenant duration here. MSHB’s rehabs are extensive: new roof, new HVAC, updated electrical and plumbing, all-new flooring and new cabinetry. With national supply chain issues and inflation, they’ve doubled their inventory of supplies. Memphis International Airport is an astounding distribution hub for the types of jobs that make great long-term tenants. It’s often the highest volume cargo airport in the world. They also offer new-build properties in Little Rock. What about prices and rents? Memphis Rehab SFRs: Rent $780-$1,400 | Price $95K-$160K Memphis Rehab Duplexes: Price $180K-$220K Little Rock Rehab SFRs: Rent $850-$1,500 | Price $110K-$170K Little Rock New SFRs: Rent $1,300-$1,400 | Price $190K 80% of their buyers finance. 20% pay all-cash. They’re so proud of what they do that they offer monthly bus tours. <span style="font-size: 10p
S1 E437 · Mon, February 20, 2023
NYC Real Estate is Absurd
New York City real estate has distinctions and quirks that you’ll find almost nowhere else in the world. Is it unreal estate? This includes: super skyscrapers, air rights, apartments with doormen, co-ops, pencil buildings, and rent control. Can you actually make money in NYC real estate? Incredibly, the national or world capital of all these are in NYC: banking, finance, communication, advertising, law, accountancy, fashion, arts, architecture, media, and more. 1 in 18 Americans live in the NYC metro area. The population is growing. Guest Beth Clifford joins us. She has an impressive set of experiences, including on Wall Street, with startups, and as an international real estate developer. Beth is a former NYC resident. Beth describes: how “air rights” are really development rights, pencil buildings, which apartments have doormen, and more. There’s a short-term rental arbitrage strategy in NYC where you could make money. But is it legal? Join Thursday, Feb. 23rd’s GRE Live Event for Philadelphia, Pittsburgh and Baltimore properties. Ask me questions live. It’s free. Register now at: GREwebinars.com . Resources mentioned: Show Notes: www.GetRichEducation.com/437 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Book recommendation: Economics in One Lesson Find NYC apartments: StreetEasy.com I’d be grateful if you search “how to leav
S1 E436 · Mon, February 13, 2023
Home Prices are Falling. Will it Continue?
I get political today. But first, I discuss jobs. How far will home prices fall? Innovation creates jobs. It does not destroy jobs. American innovation is one reason that we added over a half million new jobs just last month. All this new job growth and a robust GDP reading will keep us out of a recession for the next few months, maybe much longer. Both the US median home price (Case-Shiller) and inflation peaked last June. The US median home price fell 2.5% from its peak. Where are they falling? Where are the rising? We explore experts’ outlook for home prices. Five expert opinions all range from 2023 home prices rising 5% to falling 4%. Volatile, coastal markets are correcting down a little. Many stable markets in the Midwest and South are stable or rising a little. Beware of those that say, “It’s never been a better time to buy real estate.” That’s wrong. 2012 was better. 2021 was the worst time to buy real estate recently. Even these past few years, and today, it’s hard to find a better place to put your investment dollar than carefully-bought income property. This won’t last long. At GREmarketplace.com now, providers are often giving buyers 2% of the purchase price as cash at the closing table and free Property Management for two years. Resources mentioned: Show Notes: www.GetRichEducation.com/436 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE I’d be grateful if you search “how to leave an Apple Podcasts review” and do this for the show. Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: <a href= "https://www.instagram.com/getriche
S1 E435 · Mon, February 06, 2023
Big Real Estate Prediction, How to Analyze Deals
Learn my new outlook for 2023 and 2024 home prices. First, I follow up on my real estate prediction of 9%-10% appreciation for last year. You learn exactly how I performed. Why aren’t real estate prices expected to rise or fall substantially in the near future? Affordability is an upside constraint to home price growth. Low supply protects against a substantial price downside. So many have wrongly predicted a recession by now. (I have never said any such thing.) The latest GDP and jobs numbers beat expectations, frustrating gloom-and-doomers. It’s even possible that the Fed engineers a “soft landing”. Not all is well. 64% of Americans live paycheck-to-paycheck. America has galactic-sized debt. We have a labor shortage. Inflation is still high. Mortgage rates have hit a five month low, now near 6%. There are three ways you can save thousands of dollars in today’s real estate market. 1 - Many sellers are crediting income property buyers 2% of the purchase price at the closing table. You can use this to buy down your interest rate. 2 - Free property management for up to 2 years. 3 - Rent guarantee. This means that if your property is vacant, the seller pays rent until the property is occupied. The third one above is the only one expected to last long-term. On your next income property purchase, our free in-house Investment Coach can help you get these incentives. Start with Naresh at: GREmarketplace.com/Coach Hayden Crabtree, founder of My Property Stats joins me. His real estate deal analysis software helps you organize your existing real estate portfolio and analyze future deals. He’s also a successful author and specializes in RV & boat storage properties. GRE listeners get a 10% discount on his real estate analysis software at MyPropertyStats.com/GRE . Use Discount Code ‘GRE’ for 10% off your first year. Resources mentioned: Show Notes: www.GetRichEducation.com/435 GRE listeners get a 10% discount My Property Stats real estate analysis software: MyPropertyStats.com/GRE Get started with our free coaching on your next GRE Marketplace income property purchase at: GREmarketplace.com/Coach RE values rose 10.2% in 2022: https://www.cnn.com/2023/01/20/homes/existing-home-sales-december/index.html Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE
S1 E434 · Mon, January 30, 2023
Should You Invest in Detroit?
Really… Detroit? It’s in America’s cash-flowing Midwest. But is there a stigma involved? Does it matter? In the 1950s, Detroit was the wealthiest city in the entire world, led by the manufacturing and automotive industry. But it endured a horrific economic and population downfall late last century due to aging manufacturing plants, high taxes, overregulation, poor services, corruption, and lack of public administration. Detroit even filed for bankruptcy. Between 2010 and 2020, the population of the Detroit Metro grew 2%+, per the US Census Bureau. Time magazine named Detroit one of the World’s 50 Best Places To Live—one of just five US cities. Our own COO, Aundrea Newbern, MBA, recently chose to move to the Detroit Metro. The average Detroit income property from today’s guest provider rents for $1,100 to $1,200 and costs about $120K. These are renovated single-family homes, often brick. The Big 3 auto manufacturers are all headquartered in Michigan today. Detroit’s substantial employment sectors today include: manufacturing, automotive, engineering, IT, medical, trade & transportation, technology, and finance. The income property provider is aware that Detroit has a stigma. They encourage you on an in-person tour. Get started at: GREmarketplace.com/Detroit Often, you’re buying property at less than replacement cost. This provider encourages buyers to do independent third-party property inspections first. (I love this!) If you’d like to learn more, start at: GREmarketplace.com/Detroit Resources mentioned: Show Notes: www.GetRichEducation.com/434 Explore Detroit income property: <a href=
S1 E433 · Mon, January 23, 2023
Beginner’s Guide to Real Estate Investing
Learn the beginner's mistakes to avoid. Is setting up a real estate LLC even worth it? Learn how to build the right credit score for a mortgage loan, including why you actually don’t want a score over 800. If a cash flowing property is so great, why would anyone sell it to you? I outline a myriad of reasons. Should you make a lowball offer to a real estate seller? Learn negotiation techniques. Earnest money procedures are covered. The real estate buying process is slow. From the time that you make the offer, it can often take over 30 days to close the deal. Once your offer is accepted, I recommend a professional third party inspection. It can cost you $300 to $500 for a single-family income property up to $1,000 for a fourplex inspection. I cover property appraisals and how they verify the quality of the bank’s collateral. Learn how to get a good feel for your property manager and what their duties are. I discuss the Management Agreement between you and your manager. Be sure to tell your insurance provider that this is a rental property, not your primary residence. A mobile notary meets you at your home, workplace, airport, or even a restaurant in order to complete the paper-and-ink closing process. This wraps up the deal. Get started with income property at: GREmarketplace.com . For free coaching to help get you started, contact our free Investment Coach, Naresh, at: GREmarketplace.com/Coach Resources mentioned: Show Notes: www.GetRichEducation.com/433 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.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. Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold </p
S1 E432 · Mon, January 16, 2023
Everyone is Secretly Moving Here, Should You Rent or Own Your Home?
Everyone is moving here. Where is “here”? You get an answer that you never expected. Among those that move, it’s not for job-related reasons. It’s housing-related. The American mobility rate has declined from 20% in the middle of the last century to 8.4% today. Learn three reasons why more Americans are staying in-place. Lower domestic migration can have positive results like: less stress, more community formation, longer tenancies, and a boon for the remodeling industry. The negative impacts include headwinds for real estate agents and mortgage loan companies. Should you rent or own the home that you live in? Learn 18 rent vs. own trade-offs. Paying rent is NOT the same as throwing money away. Join me live on tomorrow’s webinar about car wash cash flow. You can ask me questions. Register free now at: www.GREwebinars.com Resources mentioned: Show Notes: www.GetRichEducation.com/432 Join me live on tomorrow’s car wash webinar: GREwebinars.com Most Americans Couldn’t Afford To Buy Their Own Home Today: https://thehill.com/policy/finance/3791139-most-americans-couldnt-afford-to-buy-their-own-home-today-survey/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com Memphis propert
S1 E431 · Mon, January 09, 2023
Panama Coffee Farm Investing—Struggles and Opportunities
What happens when a real estate investment goes sideways? An international business was impacted—Panama coffee farms. The pandemic disrupted coffee supply chains and labor. Erratic weather affected crop yields. It’s been about four years since we’ve discussed this on the show. The Panamanian government shut down many businesses. There was little or no government assistance for idled workers. The co-founder explains Panama coffee problems and opportunities. Learn why the coffee parcel deed issuance has been slow for investors. There’s a new distribution partner going forward, named Typica. They help sell the coffee. This is all high-end, specialty coffee, like the geisha variety. Coffee farm parcels are in the volcanic soil highlands of western Panama, near Boquete. It’s shade-grown. The provider has acquired their 12th coffee farm. If you’d like to learn more about the investment, start at GREmarketplace.com/Coffee There are upcoming group tours in March and May. Resources mentioned: Show Notes: www.GetRichEducation.com/431 Learn more about Panama coffee farm investing: GREmarketplace.com/Coffee Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com <span style=
S1 E430 · Mon, January 02, 2023
The Most Important Question in the Investing World
Answer this one question and you won’t have money concerns for the rest of your life. The Dow Jones once fell so hard that it didn’t recover for 25 years Japan’s NIKKEI peaked in 1989 and still has not recovered. I discuss the differences between an economic recession and depression. During the 2008 housing crisis, national housing values only fell 19%. Originally, 401(k)s were called “Salary Reduction Plans”. They had to scrap the name to foster participation. Some investing questions are: How do I max out my 401(k)? How can I attend my dream college? How can I become a millionaire? After building context, I reveal the most important question in the investing world. Learn how to keep emotions separate from investing. The vital question is: “Will this property secure an income stream?” Resources mentioned: Show Notes: www.GetRichEducation.com/430 National Median Home Prices: https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.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. Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE’ to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Full transcript: Welcome to GRE! I’m your host, Keith Weinhold. Happy New Year! What is the most important question in the entire investing world? It is a vital one - and this coming year makes it as relevant as ever. Asking yourself this question & answering it can make you wealthy - and you’ve probably never even heard this question before. That & loads of financial education, today on Get Rich Education! _____________ Welcome to GRE! From Lake Champlain, NY to Lake Charles, Louisiana and across 188 nations worldwide, you’re listening to o
S1 E429 · Mon, December 26, 2022
Are Rich People Greedy?
Greed is defined as an “intense and selfish desire for something, especially wealth, power, or food”. Should wealth be redistributed so that everyone is equal? “I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money.” -Thomas Sowell When I was a fresh college graduate, I resented the rich. I discuss the catharsis that made me change my mind. Our guest, Doug Casey , believes that college reinforces the wrong wealth mindsets. Today, one often hears that one should “pay their fair share” of tax. What does this really mean? If one obtains wealth with integrity, that wealthy person makes everyone else wealthy. I give the example of Jeff Bezos and Amazon. Learn why Doug believes that Social Security is a redistribution scam. Resources mentioned: Show Notes: www.GetRichEducation.com/429 Learn more about Doug Casey: www.InternationalMan.com His YouTube show is: Doug Casey’s Take Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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 Partial transcript: Welcome to GRE! I’m your host, Keith Weinhold. Should we “eat the rich”? Are wealthy people greedy? And where does that belief come from? Should everyone be financially equal and taxed equally too. I answer, “Are rich people greedy?” Today, on episode 429 of
S1 E428 · Mon, December 19, 2022
Essentials of Real Estate Wealth-Building
Higher returns and lower risk are expected with carefully-chosen real estate. Two hosts put me on the hot seat about rental property. I’m the guest. You get to listen to one of my recent interviews in the media today. Real estate deals are not as attractive today as they were 5-10 years ago. But it’s still the best place to invest your dollars today. The property is only the fourth-most important thing in real estate investing. I discuss the three bigger ones. I detail why real estate returns are multiples higher than those from the S&P 500. Learn why a total return of anything less than 20% in real estate is actually disappointing. Housing inventory is up year-over-year, down over the past five years. From 1 (worst quality) to 10 (best quality), a 4 yields the best cash flow in long-term rentals. I describe why. Resources mentioned: Show Notes: www.GetRichEducation.com/428 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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 <span style="font-size: 10pt
S1 E427 · Mon, December 12, 2022
Future of Real Estate, 2 of 2: The Metaverse
Metaverse real estate is virtual. Can you make money with it? First, I discuss updates to 3-D printed homes and Boxabl homes. Next, our guest, Steve Hoffman , describes that metaverse is a virtual space where you can interact with virtual objects. There is no single metaverse. There are apps in the metaverse, like Second Life and Decentraland. Learn what makes a piece of metaverse real estate valuable or worthless. You often buy NFTs on the blockchain. With Upland, you can buy NFTs of real properties, like the Statue Of Liberty or Dodger Stadium. Our guest feels that metaverse real estate investing is highly speculative. It is risky and often akin to gambling. Metaverse economies are subject to monetary inflation. Does metaverse RE have any value? Steve runs the global innovation hub, Founders Space . Resources mentioned: Show Notes: www.GetRichEducation.com/427 Learn more about Steve Hoffman: FoundersSpace.com A current popular metaverse app: https://decentraland.org Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn m
S1 E426 · Mon, December 05, 2022
Future of Real Estate, 1 of 2: Homebuilding Technology
At times, 3-D printed homes, modular, and shipping container homes are not the answer for both single-family home and apartment construction. The promise of new truss and framing technology can substantially speed up conventional construction. This can solve many problems at once: housing shortage, labor shortage, and stubbornly persistent materials supply shortages. FrameTec is a technology that builds the roof truss, floor truss, and walls all in a forthcoming Arizona factory. Guests Damion Lupo and David Morris tell us about it today. The FrameTec process uses solar technology and reduces material waste. Learn more at FrameTec.com . It’s possible that there is still room for accredited investors. This is Made In America technology. Resources mentioned: Show Notes: www.GetRichEducation.com/426 Learn more about FrameTec: www.FrameTec.com Join me live on Thursday’s Florida properties webinar: www.GREwebinars.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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): <span style="
S1 E425 · Mon, November 28, 2022
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: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777</s
S1 E424 · Mon, November 21, 2022
Why Landlords Get Sued Today - Garrett Sutton & Ted Sutton's Father-Son Succession Plan
The ideal inflation rate is zero just like the ideal theft rate is zero. When lower inflation (7.7%) was recently reported, mortgage rates experienced a record daily drop. I detail the implosion of crypto exchange, FTX. It was a Ponzi scheme. 2022 is the 2008 of crypto. Garrett Sutton and his son, Ted Sutton, announce the father-son succession plan. They are attorneys that help protect your real estate from lawsuits at Corporate Direct . Ted’s experience at a Chilean copper mine helped make him pivot from a mining engineering track and into law. RE investors have three main lines of defense: 1) Ethical operations. 2) Insurance. 3) LLC. Learn how to properly form and maintain an LLC. Don’t try to win a lawsuit. Avoid it in the first place. Learn why landlords get sued today. Corporate Direct provides free 15-minute consultations. Resources mentioned: Show Notes: www.GetRichEducation.com/424 Corporate Direct protects your biz & real estate from lawsuits: Corporate Direct Garrett Sutton’s newest book: Veil Not Fail Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 <span st
S1 E423 · Mon, November 14, 2022
Housing Sales Crash, Mortgage Rate Prediction with Caeli Ridge
A housing crash is upon us. But it may not be the kind of crash that you think. I explain what this sales crash means to the future of the housing market. Caeli Ridge, President of Ridge Lending Group joins us. She gives an exact prediction about where and when mortgage interest rates will peak. 37% of homeowners have no mortgage at all. Among those with a mortgage, 85% have an interest rate under 5% per Redfin. They don’t want to sell and give up their rate, constraining supply. It’s a nationwide lock-in effect. A housing PRICE crash is not expected. Existing homeowners can afford their mortgages and have record equity. This is reflected in the low delinquency rate. The average age of first-time home buyers hit a record 36. Caeli Ridge tells you how to get a lower mortgage interest rate with different loan types. Investors keep their loan an average of 5-6 years. Ridge offers mortgage loans specifically for investors: plain fixed rates, non-recourse, DSCR, asset depletion, bridge loans, commercial loans, cross-collateralization of residential properties, and the All-In-One Loan which operates like a first lien HELOC. See how much interest you save with the All-In-One Loan interactive simulator here: https://ridgelendinggroup.com/aio-loans/ Caeli sees lots of appraisals. They’ve all been coming in “on-value”. When it comes to higher mortgage rates, get used to it. The long-term average is 7.7%. Ridge Lending is where I get loans for my own properties. You can use them too. Start at RidgeLendingGroup.com or (855) 747-4343. Resources mentioned: Show Notes: www.GetRichEducation.com/423 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74
S1 E422 · Mon, November 07, 2022
Time vs. Money, Financial Mistakes To Avoid in Global Instability with Victor Menasce
Get our wealth-building newsletter free—text ‘GRE’ to 66866. Money is an abundant resource, not a scarce one. If you believe that money is so scarce that it’s more valuable than time, I provide the solution to that quandary today. Today’s guest, Victor Menasce, believes that today’s macroeconomic environment dominates local stories. We discuss how to navigate today’s higher mortgage interest rate environment. Banks could be on the brink of a concerning liquidity crisis today. Should central banks set interest rates or can free markets perform that role better? Learn what financial actions you can take in this era of global instability. Resources mentioned: Show Notes: www.GetRichEducation.com/422 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code “GRE” for 10%
S1 E421 · Mon, October 31, 2022
This Feels Illegal
Get our wealth-building newsletter free. Text ‘GRE’ to 66866. You can help abolish the term “slumlord”. Profit by providing housing that’s clean, safe, affordable, and functional. Compared to the world, US mortgage terms are so advantageous that they almost feel illegal. I compare this with: Canada, UK, Ireland, Spain, Australia, South Korea, Germany, France, Switzerland, and Japan. Are we in a recession? There continues to be dissonance in the economy. College enrollment keeps declining. But now, 46% of parents even hope that their child does not pursue a four-year degree after high school. A woman faced with eviction released a bee swarm on law enforcement. It costs $1.7M to build a small public lavatory in San Francisco. Resources mentioned: Show Notes: www.GetRichEducation.com/421 $1.7M public toilet in San Francisco: https://www.theguardian.com/us-news/2022/oct/24/san-francisco-1-million-public-toilet Woman being evicted releases bee swarm: https://www.usatoday.com/story/news/nation/2022/10/20/woman-releases-bees-police-massachusetts/10549905002/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-
S1 E420 · Mon, October 24, 2022
Crashing Rent Crisis? and Baltimore, Philadelphia, Pittsburgh Markets
In times of high inflation, don’t rents have to collapse? Tenants are getting squeezed, paying more for food, gas, medical care, and everything else. Won't rents have to fall? Will this create a crisis for landlords too? If tenants can’t pay the rent, landlords must still pay property expenses. Historically, what happens is opposite of what most think. So I explore what happened in high inflation 40+ years ago to forecast what will likely happen in the future. There are three reasons why rents soar in high inflation: 1) tenants move down a class, 2) doubling up as roommates, and 3) today’s low housing supply and high demand. Rents are up 12% year-over-year today for both SFRs and apartments. Real Estate Pays 5 Ways™, not four or six. Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Our in-house coach, Naresh, will help you. His services are free. Both urban and suburban properties are available. Urban areas often have a high Walk Score . The rent-to-price ratios in these three mid-Atlantic markets often exceed 0.9% and even 1%. Before you buy, you already have an inspection report, desktop appraisal, and placed tenant’s payment history in-hand. These rowhouses are often priced at a 20% discount. 3 bed / 1 bath is common. Resources mentioned: Show Notes: www.GetRichEducation.com/420 Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Rents In High Inflation: https://www.realpage.com/analytics/rents-move-high-inflation-market-look-1970s/ Current US housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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:<
S1 E419 · Mon, October 17, 2022
How To Quit Your Job with GoBundance Founder Tim Rhode
Are you a quitter? Today’s show can make that feel aspirational. Quit a job you hate for the work you love. Author of “The Quitter’s Manifesto” and GoBundance Founder, Tim Rhode, joins me today. For context on quitting your job, start with the I/O Quotient. The Soul Sucking Meter: Are you being paid enough? Are you respected? Are you a good cultural fit at your workplace? How does it feel when you wake up to go to work? Could you do your job for decades? I quit my job for two main reasons: 1) Try it. 2) Be irreplaceable. Tim describes that quitting your job is like catching the next trapeze. Want growth? Try something new and scary. You did this as a kid. For example, when you were 11 years old, you swam in water over your head. Take out a home equity loan before quitting your job. Put those funds into another bank. This builds your financial cushion during a lifestyle change. Resources mentioned: Show Notes: www.GetRichEducation.com/419 Tim Rhode’s book, The Quitter’s Manifesto: QuittersManifestoBook.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “G
S1 E418 · Mon, October 10, 2022
How To Build A Home
Homebuilder confidence is low. I talk to one today. Then, learn how a home is built. Join our Jacksonville properties webinar Oct. 20th. Sign up free at: GREwebinars.com . Text “GRE” to 66866 for our free “Don’t Quit Your Daydream” e-mail letter. After discussing the best place to invest today, learn how a home is actually built. Learn how a home is built: zoning, land acquisition, permitting, engineering, drainage, clearing & grubbing, adding earth fill, soil compaction, trenching, adding sanitary systems, stormwater system, lift station, conduit, electrical, foundation, slab-on-grade, plumbing, framing, block, roof truss. Homebuilder confidence is low among those that sell to owner-occupants. That’s due to higher mortgage interest rates. Among homebuilders that sell to investors, it’s better. Why? Higher rates mean higher rents. Tenant demand for fourplexes is strong. In inflation and a possible recession, more people must live frugally. Get started with new-build Florida income property (SFR to fourplex) with today’s guest at: GREmarketplace.com/Southeast . Resources mentioned: Show Notes: www.GetRichEducation.com/418 Today’s guest provider offers new-build Florida property at: www.GREmarketplace.com/Southeast Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s availa
S1 E417 · Mon, October 03, 2022
Laptop Landlords
You want to increase your expenses. I reiterate why. All five ways that real estate pays are rarely surging at the same time. In the past year, appreciation has slowed, cash flow rose, principal paydown slowed, tax benefits are roughly the same, and inflation-profiting rose. How do you become a “laptop landlord” and know that you’re buying a good property? I share my favorite resources for real estate due diligence (laptop landlording). They’re all in the “Resources Mentioned” below. One mistake people make is that they tend to overgeneralize. They paint an entire city one color, saying something like: “I read that Memphis has high crime.” Well, where within Memphis? You can contract with an out-of-state stranger to check out a property for you at WeGoLook.com Aundrea Newbern , COO of GRE, MBA, NAR member (the woman with all the letters behind her name) joins me. She discusses her top real estate successes and failures. We discuss floods, old cast iron pipes, partnerships, single-family vs. multifamily, LTRs vs. STRs, and the opportunity cost of waiting to buy property. At times, if third-party inspectors see an issue, they refer you to specialists like foundation or mechanical inspectors. Resources mentioned: Show Notes: www.GetRichEducation.com/417 Due diligence resources: ATTOM Data Solutions, Redfin, CoreLogic, Zumper, Altos Research, John Burns RE Consulting, Neighborhood Scout, Google Street View, WeGoLook.com , bls.gov , US Census, FRED , GREmarketplace.com I’d be grateful if you search “how to leave an Apple Podcasts review” and do that for this show. Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE port
S1 E416 · Mon, September 26, 2022
War Against STRs, Tenant Retention, Mortgage Lessons
Residential real estate has greater usefulness and is easier to understand than: agricultural, office, retail, industrial, and warehouse real estate sectors. Tenants are staying in both SFRs and apartments longer than before. I discuss three reasons for today’s longer tenant retention trend. Higher mortgage rates correlate with higher home prices. In fact, in the nine times mortgage rates increased 1%+ since 1994, home prices rose seven of those nine. During recessions, mortgage rates typically fall. Both are opposite of what most people think. Resort communities are almost declaring war against short-term rentals. I explore the depth of the problem and discuss solutions. Are the wealthy at fault? People that grew up in an area cannot afford housing in these STR hotbeds. Resources mentioned: Show Notes: www.GetRichEducation.com/416 How to Raise The Rent and Keep Tenants Happy (Video): https://youtu.be/sqFwbn4yFhA 40-Year Mortgages: https://www.housingwire.com/articles/newrez- debuts-40-year-non-qm-mortgage-product/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property:
S1 E415 · Mon, September 19, 2022
Car Wash Cashflow with Dave Zook
Car washes can be remarkably lucrative. This is enhanced with a franchise model and selling subscriptions to car wash customers. “There is no other operation on a 1-acre site that can do 1 million to 2.5 million in sales and pocket half of that.” -WSJ story Like other real estate, a car wash location is vital. Much like apartment buildings, car washes are valued based on their income stream amount. You can participate yourself. Start here: https://gremarketplace.com/carwash . Must be accredited, minimum $100K investment. Tommy’s Car Wash is an innovative franchise. Customers use a mobile app. Only Panera Bread and Chick-fil-A have higher sales revenue per location. (Wow!) Car washes have high cash flow and tax efficiency. Pro forma returns for individual investors like you have a 1.75x return on investment in five years or less. There is 100% bonus depreciation in year one. Learn more and get started at: https://gremarketplace.com/carwash Resources mentioned: Show Notes: www.GetRichEducation.com/415 Get started with car washes: www.GREmarketplace.com/carwash WSJ on car washes: https://www.therealassetinvestor.com/wp-content/uploads/2022/08/Private-Equity-Wants-to-Wash-Your-Car-WSJ.pdf WSJ on laptop landlords: https://www.wsj.com/articles/everyones-a-landlordsmall-time-investors-snap-up-out-of-state-properties-11661705278 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code “G
S1 E414 · Mon, September 12, 2022
How To Invest Like A Billionaire (Timber)
Join me live on our St. Louis properties webinar this Wednesday at: GREwebinars.com The Fed is out to crush lingering inflation. Coming rate hikes will likely lead us into a recession, if we’re not there already. Home price gains have stalled. This is worse for sellers and better for buyers. Landlords are winning in today’s market; renters are losing. CoreLogic’s Single-Family Rent Index shows a 13.4% YOY national rent gain. Single-family rents are up $500+ over the past six years. For a long time, investing in hardwood trees was primarily for big money hedge funds and family offices. You can own the title to quarter-acre parcels with teak trees that grow on top of them for just $6,880. Timber prices are often counter-cyclical to markets. They keep growing through recessions, market collapses, and fluctuating interest rates. Teak hardwood has natural oils that make it fire and rot resistant. In Panama, they thrive where there is about six months of rain and then six months of dryness. The operator that I interview today has been involved with teak plantations since 1999. I first met him in-person six years ago. Learn more. Get the investor report at: www.GREmarketplace.com/Teak It costs $6,880 to own one new teak parcel. Optionally, you can own 16-year-old teak parcels for ~$20K. $6,880 is projected to grow into $94,000 over twenty-five years. Teak appreciates at 5.5% per year, 11% IRR. This is a remarkable way to own timber real estate and invest in another nation with a low cost of entry. They offer in-person teak tours in Panama. You can see your own trees. Resources mentioned: Get started with teak: www.GREmarketplace.com/Teak Show Notes: www.GetRichEducation.com/414 New—Join GRE Webinars: www.GREwebinars.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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.co </
S1 E413 · Mon, September 05, 2022
GRE Listener Grows Her Means
A GRE listener since 2015, Christian Montalvo and her family are growing their real estate portfolio in the Dallas-Fort Worth area. She has been a food microbiologist. Christian works for a company that cleans food processing plants. Her husband is a W-2 employee too, a financial analyst. After being a renter for about $1,000 / month in a tiny DFW apartment, they began with buying a $200K owner-occupied duplex with a 3.5% down payment. Next, they bought a fourplex. At this point, they have five rent incomes. They kept growing. Today, she and her husband still work their W-2 jobs. But as a young, married couple, they now have the flexibility such that they don’t both have to work. We discuss if they invest in 401(k)s and conventional retirement plans. I give many examples of “growing your means” instead of “living below your means”. Last year, Christian became a real estate agent. She works with investor clients. Resources mentioned: Show Notes: www.GetRichEducation.com/413 Christian Montalvo ’s e-mail address: christian@fraserrealty.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To le
S1 E412 · Mon, August 29, 2022
Housing Crash Imminent? and 18 Life Lessons
“How long are you going to wait until you demand the best from yourself?” -Epictetus I share 18 lessons with my 18-year-old self. #2 is: Don’t fear being different. That’s your advantage. #4 is: No one cares about your college grades. #14 is: Finding the truth is more important than being right. #17 is: What does life want from you? National median home prices eased from June to July—from $414K to $404K. Homebuilders are in a recession. However, available housing supply is still low and demand is high. Almost every human is forgotten in four generations. Is a housing price crash imminent? You get a clear “yes” or “no” answer. The NAR says that today’s first-time homebuyer is: 33 years old (oldest ever), $86,500 household income, $252K median purchase price, 7% down payment, and 37% carry student debt. Average size is 1,640 sf. If you’d like to advertise with us, visit: GetRichEducation.com/Contact Resources mentioned: Show Notes: www.GetRichEducation.com/412 Median sale price eases: https://www.wsj.com/articles/existing-home-sales-prices-housing-market-july-2022-11660774574 Median US house price historic chart: https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at: (use code “GRE”): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Da
S1 E411 · Mon, August 22, 2022
What Does Life Want From You? Rentflation, Housing Market Normalizes, Available Properties
You told yourself you’d change the world, then you let the world change you. Rather than asking yourself, “What do I want out of life?”, a more powerful question is: “What does life want from me?” Almost everyone wants to be “job optional”. People often use their words to denigrate the importance of money, yet their actions validate its importance. High-flying real estate appreciation rates are mostly over with. The market is normalizing. Through Q2, national median home price appreciation is 14%. But it's quickly slowing. American apartment rent-to-income ratio is 23% for tenants. Zumper tells us there’s about 10.2% national rent appreciation. Highest are TN and NC. We have available properties in the Midwest and South. Naresh & I spotlight Poinciana, FL; Ocklawaha, FL; and Memphis. For available properties and free coaching, contact Naresh at: naresh@getricheducation.com Resources mentioned: Show Notes: www.GetRichEducation.com/411 E-mail Naresh about cash-flowing properties: naresh@getricheducation.com Zumper’s Rent Report: https://www.zumper.com/blog/rental-price-data/ Rent Is The New Gas: https://www.usatoday.com/story/money/economy/2022/08/09/rents-topping-gas-prices-inflation/10279406002/?gnt-cfr=1 Get mortgage loans for investment property: <a href= "http://w
S1 E410 · Mon, August 15, 2022
Are We In A Recession? IRS Audits Increase with Tom Wheelwright
Is the economy healthy or unhealthy? We’ve had two consecutive quarters of GDP contraction. High inflation and supply problems persist. On the other hand, we have a strong jobs market, low unemployment, and high rent increases. Ultimately, the NBER decides whether or not we’re in a recession. Today’s guest, Tom Wheelwright of Wealthability , tells us why he thinks we’re in a recession. I share with you the exact rent increase numbers I’ve had on my rental single-family homes. Historically, a recession occurs every five years, on average. Whether we’re there yet or not, I believe there’s a likelihood of a recession soon. Tom thinks whether or not a recession is declared is important; it affects consumer sentiment. He breaks down the new “Inflation Reduction Act”. It does not appear to help reduce inflation. Rather, it appears that it will: increase union wages, enact climate change policy, add taxes to pharmaceuticals, hurt small business, and increase IRS enforcement. “People who have never seen an IRS audit will see IRS audits.” -Tom Wheelwright Resources mentioned: Show Notes: www.GetRichEducation.com/410 Get started on lowering your taxes with Tom Wheelwright: GetRichEducation.com/Tax All U.S. Employed Persons: https://fred.stlouisfed.org/series/PAYEMS 30-Year Mortgage Rate History (gray bars are recessions): https://fred.stlouisfed.org/series/MORTGAGE30US Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com 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.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at: (use code “GRE”): <p style="text-al
S1 E409 · Mon, August 08, 2022
Negotiate As If Your Life Depended On It with Chris Voss
Is today’s housing market healthy? “Yes” for rental property owners, existing homeowners, and sellers. “No” for renters, wannabe first-time home buyers. “Unbalanced” is a better word to describe today’s housing market. I bought my first income property 20 years ago today. In negotiation, emotions trump facts. Chris Voss , former FBI hostage negotiator, joins us for real estate negotiation tips. If you need a decision from someone, get it in the morning before they have decision fatigue. In a negotiation, try to get agreement. Don’t try to get the other party to say “yes”. Chris likes to let the other side talk first. Let “no” out slowly. A great way to say it is, “How am I supposed to do that?” Self-deprecating humor can work in negotiation. Learn how to motivate people to finish projects in a timely fashion for you. Resources mentioned: Show Notes: www.GetRichEducation.com/409 Black Swan Group: www.blackswanltd.com Mike Gundy rant “I’m a man. I’m 40.”: https://youtu.be/zQ3oXkDPKbM Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com <st
S1 E408 · Mon, August 01, 2022
Every Investment Compared To Real Estate, Safety, Florida New-Builds
We compare the safety of all these investments: cash, savings accounts, treasuries, CDs, gold, cryptocurrency, stocks, mutual funds, ETFs, raw land, a primary residence, and income properties. Listen to a mainstream media video clip about inflation from NBC Nightly News. We get a Florida market update from GREmarketplace.com/Orlando . Overall housing supply is low. It’s even lower for entry-level properties. For renovated properties, Florida insurance premiums have risen dramatically in the past few years. However, for new-builds, premiums are about 70% lower. These particular available properties in Palm Bay, FL are typically: 4 BR, 2 BA, 2-car garage, concrete block, single-family rentals, new-build, vinyl flooring, granite counters, and infill quarter-acre lots. $319,000 is what buyers pay. Today, these properties appear to appraise for $370,000+. You have $51K+ of built-in equity. For those that select property at GREmarketplace.com/Orlando , your insurance is paid for the first year. Resources mentioned: New-build Florida income property for $319,000: GREmarketplace.com/Orlando Show Notes: www.GetRichEducation.com/408 NBC Nightly News on Inflation: https://youtu.be/Lco2EjA-6IA Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE </s
S1 E407 · Mon, July 25, 2022
Housing Market Debate with Kathy Fettke
When mortgage rates rise, home builders slow down on building. This constrains supply and supports housing prices. A record share of Americans say inflation is their No. 1 concern. The CPI is 9.1%. Property operating expenses are rising with inflation, like insurance and property tax. What helps you pay for it? Rising rent. Philosophically, why should you raise the rent on your tenants? Besides adjusting it to the market amount, you took time learning, you built your credit, you accumulated a 20% down payment, you originated an 80% loan, your operating expenses are rising, you weathered pandemic uncertainty. If an auto mechanic makes $60 an hour, in ten years, they might make $90 an hour. Where’s the growth in this? Kathy Fettke from Real Wealth joins us. We disagree on the housing market being “healthy”. I believe a good description of the housing market is: "unbalanced": Healthy for: rental property owners, existing homeowners, sellers. Unhealthy for: renters, homebuyers. She believes that the Fed has overstimulated the economy, prices are high, and housing is undersupplied. We discuss real estate’s demographic advantage. We agree that it’s a bad market for prospective first-time buyers and renters, and good for those that have rental properties. A housing price crash anytime soon is highly unlikely. She & I each believe that today, it makes sense to add carefully-bought rental properties to rent to others. Resources mentioned: Show Notes: www.GetRichEducation.com/407 Real Wealth with Kathy Fettke: <p style="text-a
S1 E406 · Mon, July 18, 2022
How The Rich Pay Zero Tax with Tom Wheelwright
National home prices are up 275% since 1991. I break it down state-by-state for you. Slowest? Connecticut with 137%. Fastest? Utah with 599%. Two misleading RE statistics are: real estate sales volume, home price cuts. I tell you where I’m spending my summer. Next, Tom Wheelwright joins us. He authored the new book, “The Win-Win Wealth Strategy” . He tells us about the 7 investments that the government will pay you to make. You don’t pay up to 12.3% Social Security Tax on rental income like you do with your day job. Tax depreciation is explained. Bonus depreciation is being gradually phased out after this year. Resources mentioned: Show Notes: www.GetRichEducation.com/406 Tom’s New Book: “The Win-Win Wealth Strategy” State-By-State Home Appreciation Since 1991: https://advisor.visualcapitalist.com/growth-in-u-s-house-prices-by-state/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com</strong
S1 E405 · Mon, July 11, 2022
Fixed 12% Income Returns through Real Estate Funds with Dani Lynn Robison
Real estate funds invest in multiple properties. Real estate syndications often invest in just one property. “What is the worst deal that you’ve ever done?” Ask your fund provider that question. I’m willing to share that I invest my personal real estate fund dollars with Flip & Dani Lynn Robison of Freedom Capital Investments. Fund pros: More passive than turnkey, stable returns. Fund cons: Vet your operator. Learn more or get started at: GREmarketplace.com/funds There are short-term funds for liquidity, and longer-term funds for higher returns. The difference between simple and compound interest weighs in here. Learn what a “preferred return” is. Fund returns of up to 10-12% are offered. Learn where your return comes from. Fund objectives: safety, certainty, reliability, and growth. We’re talking about high-yield, fixed income fund. Dani Lynn has been a part of more than 600 multifamily deals. Learn how funds have two audit layers. There are funds for both accredited and non-accredited investors. Learn more or get started at: GREmarketplace.com/funds Resources mentioned: Show Notes: www.GetRichEducation.com/405 Get started with real estate funds. It’s the same place I invest: www.GREmarketplace.com/funds Dani Lynn Robison’s team contact: Phone | (937) 551-2282 Email | invest@freedomcapitalinvestments.com Flip & Dani Lynn Robison’s daily podcast: Freedom Through Passive Income Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to
S1 E404 · Mon, July 04, 2022
Financial Independence Day
Your Financial Independence Day happens when your residual income stream amount exceeds your basic monthly expenses. Rental demand is high for three big reasons: rates are rising, stringent mortgage qualification standards, housing undersupply. I answer three listener questions: Should I make a big down payment? Is borrowing at lower than inflation profitable? What about prepayment penalties? Ridge Lending Group President Caeli Ridge joins us to discuss today’s mortgage lending landscape. Today, are ARMs beginning to make more sense than fixed-rate mortgages? We explore. Learn about the cash-out refinance climate. Second mortgages on income properties are still limited. Does it ever make sense to refinance to a higher mortgage interest rate? We discuss. Caeli Ridge thinks mortgage rates will keep rising. Resources mentioned: Show Notes: www.GetRichEducation.com/404 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Freddie Mac Includes On-Time Rent Payments Into Underwriting: https://www.housingwire.com/articles/freddie-mac-to-include-on-time-rent-payments-into-underwriting/ Airbnb Enacts Permanent Party Bans: https://www.cnbc.com/2022/06/28/airbnb-makes-its-party-ban-permanent.html JWB’s available Florida income property: www.jwbrealestate.com/gre To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter <p style="text-align: cent
S1 E403 · Mon, June 27, 2022
How To Build Your Personal Brand with Steve Sims
“You DO care about what others think of you. That’s your reputation.” -Keith Weinhold People care about your brand when you create value for them. Next, you must reach people. A construction worker in London decided that he wasn’t where he was meant to be in life. He’s our guest, Steve D. Sims . He started asking others why they were wealthy but he wasn’t. A personal branding expert, Steve tells us why the right brand for you is the “authentic you”. When you meet someone, ask them about themselves. They are their own favorite subject. “A brand is what people say about you when you’ve left the room.” -Steve Sims Brands are either solution-based or aspirational. Every person has a brand. Donald Trump was well-branded because he had clear slogans like “Make America Great Again” and “Build A Wall”. The lesson? Be clear about who you are or what you stand for. It’s OK to know what you’re “not”. For example, I didn’t know how to hire a COO for GRE and still don’t have experience managing people. Resources mentioned: Show Notes: www.GetRichEducation.com/403 Steve Sims’ website: https://www.stevedsims.com/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www
S1 E402 · Mon, June 20, 2022
Rents Surging Faster Than Home Prices, Inflation & Interest Rates Soar, Investor Resources
For many, it’s become a scary world with $5-$6 gas, soaring food prices, spiking rents, the medical system is still a mess, and wages aren’t keeping up with inflation. Inflation is at a 40-year high of 8.6%. The Fed raised rates ¾%, the biggest jump in 28 years. For every $1M in real estate debt that you have, you’re benefiting $86,000 each year due to your debt debasement. Affordability has become so bad for wannabe first-time home buyers that increasingly, they’re becoming your renter. Many project rent growth to exceed home price growth this year. Rent.com’s Rent Report shows a 26% annual rent increase nationally. Every 1% in a mortgage rate increase decreases a buyer’s purchasing power by 12%. GRE’s COO Aundrea Newbern, MBA joins me. We discuss our favorite RE information sources. Aundrea expects to diversify her RE portfolio into more markets. She’s been focused on southeast Georgia. Some RE resources we use: www.city-data.com, US Census Bureau data, CNBC.com, HousingWire.com, FRED data, the MLS, AirDNA.co, GREmarketplace.com. When considering adding to your RE portfolio, simply talking to a Property Manager can be more valuable than the best website. Aundrea sees a balanced market at prices $250K+, and a sellers’ market at prices below $250K in southeast Georgia. Days On Market (DOM), Sale-To-List Price Ratio discussed. LTRs are in high demand and low supply. STRs are saturated in many markets. Resources mentioned: Show Notes: www.GetRichEducation.com/402 Rent.com’s Rent Report: https://www.rent.com/research/average-rent-price-report/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com
S1 E401 · Mon, June 13, 2022
A Greater Depression Is Ahead with Doug Casey
The housing market has calmed, but it’s still strong. The homeownership rate of 65% is poised to fall these next few years. People must live somewhere. This should make for more renters. Mortgage delinquencies have fallen for seven straight quarters. The forbearance program kept people in their homes. “The Great Reshuffling” describes the US housing market since 2020. Inflation flips money upside-down. Focus on prudent borrowing, not saving. International Man Doug Casey joins us. He calls for a “Greater Depression” ahead. For consumers, the costs of energy, food, and housing have become crippling. Doug thinks that the decline of world economies will continue. World cities have more people living on the streets. He thinks that the Fed can’t hike rates very high. It will result in too many debt defaults. Then how will inflation be curbed? Doug thinks you should save, but don’t save in dollars. Are price controls coming? That’s when the government tells companies that there’s a ceiling on the price they can charge for their goods and services. We discuss what you can do to prevent being wiped out in a crisis. I discuss living well vs. austerity. Resources mentioned: Show Notes: www.GetRichEducation.com/401 More on Doug Casey: https://internationalman.com/ Current US debt level is over $30T: www.usdebtclock.org Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com G
S1 E400 · Mon, June 06, 2022
How To Be A Person Of Value & Build Relationships with Hal Elrod
You often relate to other people when you show yourself as vulnerable and fallible. In many contexts, this is even better than acting professionally. Today’s guest, “ Miracle Morning ” author Hal Elrod, tells us that people spend too much effort trying to impress others. When you give the most, it’s liberating. “You SHOULD care about what others think of you. That’s your reputation.” -Keith Weinhold Once, Hal e-mailed friends, ex-girlfriends and colleagues to seek criticism about himself. That feedback hurt. Everyone wants change, but no one wants to change. Generosity, selflessness, and contribution foster meaningful relationships. I share that viewers were recently critical of my YouTube video. Hal admits that he believes that he’s not a great listener. Hal strives to add value to every single person that he meets. Aundrea Newbern, GRE Operations Lead, joins us for milestone Episode 400. Resources mentioned: Show Notes: www.GetRichEducation.com/400 Hal Elrod’s books and movie: www.MiracleMorning.com Hal’s friend John Ruhlin’s book “Giftology”: https://www.amazon.com/Giftology-Increase-Referrals-Strengthen-Retention/dp/1732095604 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel:<
S1 E399 · Mon, May 30, 2022
Why Stocks Don't Create Wealth, STRs, Build-To-Rent
Have you ever met anyone that created wealth with stocks? I haven’t. Why not? Inflation, emotion, taxes, fees and volatility are the reasons. I break this down. The Rule of 72 is what traditional advisers cite as a wealth-builder. I describe why this does not work. Learn why returns from stock and mutual funds are often less than zero. What really creates wealth? Leverage. Learn trade-offs between long-term rentals and short-term rentals. Zach Lemaster joins us. A licensed optometrist and captain for the US Air Force, he’s become financially-free through real estate. We discuss the pros and cons of owning “Build-To-Rent” new construction income properties. It takes patience during the build process. Find Build-To-Rent income properties by e-mailing GRE’s Investment Coach: naresh@getricheducation.com Resources mentioned: Show Notes: www.GetRichEducation.com/399 Get income properties by e-mailing GRE’s Investment Coach: naresh@getricheducation.com When I interviewed the 401(k) inventor: https://www.getricheducation.com/episode/197-inventor-of-401k-ted-benna-joins-us/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter <p sty
S1 E398 · Mon, May 23, 2022
Recession Fears, Fate Of The Housing Market, What Really Matters
Are “coffin homes” coming to the United States? This is concerning. Housing is so expensive that people live in cocoons. A new Biden plan makes efforts to increase American housing supply. Finally! We need help on the supply side, not the demand side. I explore recession prospects with you. During 7 of America’s 8 recessions (over the last sixty years), home prices only fell once. What Really Matters : “If you had invested $1,000 in JP Morgan in 1882, you’d be dead today.” You can borrow against your RE portfolio’s value with a cash-out refinance, tax-free. It’s like “lump sum cash flow”. Add properties to your portfolio through our international network at GREmarketplace.com Resources mentioned: Show Notes: www.GetRichEducation.com/398 GRE Video: What Really Matters https://youtu.be/Yhkvjg-gj9Q California’s Cocoon-Like Pods: https://www.cbsnews.com/news/sleeping-pods-startup-800-a-month-brownstone-shared-housing/ Biden’s plan to increase American housing supply: https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/ American Median Home Price Since 1963: https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications:
S1 E397 · Mon, May 16, 2022
Mortgage Rate Shock with Caeli Ridge
Will you be banned as a real estate investor? Some jurisdictions consider adopting this stance to keep soaring prices in check. Some workers cannot afford to return to the office. If they leave home, they would have new expenses for gasoline, meals, parking and the big one—child care. Of the “5 Ways Real Estate Pays”, historically: three are now high, one is low, and one is the same. Caeli Ridge joins us. She’s the President of Ridge Lending Group . They specialize in income property loans. Despite higher mortgage interest rates, investor-centric mortgage companies like Ridge haven’t seen much decline in business. Learn why. Their “All-In-One Loan” can reduce the amount of property interest that you pay over time. It’s a 30-year line of credit with high flexibility. Use Ridge’s All-In-One Loan Simulator to see if you save: https://ridgelendinggroup.com/aio-loans/ We discuss interest-only loans (which I like) and negatively amortizing loans. The latter got borrowers in trouble during the Global Financial Crisis; LTVs were as high as 115%. Interest rate lock periods are up to 90 days at Ridge. Investing out-of-state is easy. A mobile notary comes to your home, office, or even on vacation at a resort. Ridge helps you sequence your investor loans, taking a long-term, holistic approach to your financial freedom. Resources mentioned: Show Notes: www.GetRichEducation.com/397 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE All-In-One Loan Simulator to see if you save: https://ridgelendinggroup.com/aio-loans/ Dallas’ proposal to limit REIs: https://www.businessinsider.com/hoas-and-legislators-consider-taking-action-against-real-estate-investors-2022-5 JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rat
S1 E396 · Mon, May 09, 2022
How Blockchain Will Disrupt Real Estate with Neal Bawa
The mad scientist of multifamily is here today. Neal Bawa is a data scientist. He keeps emotion out of real estate for investors in his $947M portfolio. He believes that higher mortgage interest rates are a smaller obstacle than the Fed’s currency creation and destruction. He says: “Accept the risk.” We discuss investor confirmation bias. Neal thinks American cash flow will keep diminishing. Of all emerging trends, Neal believes that the work from home trend is among the most substantial. Learn more about Neal at www.MultifamilyU.com or by searching “Neal Bawa”. The blockchain is a digital ledger. It allows everyone to access information publicly and securely. It allows for the democratization of information. Blockchain looks to disrupt the real estate title industry. Exorbitant title insurance fees could go extinct. Tokenization is easier with blockchain. This means that you can sell real estate shares without friction. Institutional investors are poised to own more of the real estate market, taking share from mom-and-pop operators. Resources mentioned: Show Notes: www.GetRichEducation.com/396 Neal Bawa’s resources: Google search “Neal Bawa” Grocapitus.com MultifamilyU.com Get mortgage loans for investment property: RidgeLendingG
S1 E395 · Mon, May 02, 2022
Rents Are Skyrocketing—Here’s Why
Rents are spiking 13-15% annually in America today. When they rise, they rarely ever fall again. This is why rent amounts are called “sticky”. Learn why. Even when I was a landlord during the GFC fifteen years ago, my rents didn’t fall. Rents are skyrocketing due to: Low housing supply Higher prices Higher interest rates Demographics. 25-34 year-olds are in prime household formation years. They want their own place. This is America's most populous age cohort. Next, I talk with an Alabama / Florida builder about how he overcomes today’s material supply chain and labor shortage difficulties. They have a 93-day build time. How? They store windows so that they cannot run out. Cabinets have been a problem so bad that they’ve had to leave homes 99% complete until cabinets were ready. Lumber and petroleum product price volatility has been a challenge. They have their own division for titling vacant land for future building. Alabama has America’s 2nd-lowest property taxes. As an out-of-state investor, you get to pay property tax in the state where you own property, not where you live. To get started with Alabama income property, start at: www.GREmarketplace.com/Alabama This build-to-rent provider uses fixtures like: LVP, granite or quartz countertops, stainless steel appliances. LTRs and STRs will be available shortly. Start at: www.GREmarketplace.com/Alabama Resources mentioned: Show Notes: www.GetRichEducation.com/395 Get started with new-build AL & FL long and short-term rentals: www.GREmarketplace.com/Alabama Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. <p style="text-align
S1 E394 · Mon, April 25, 2022
Are We In A Housing Bubble?
The housing crash is 100% certain. That’s because it’s a supply crash, not a price crash. I define a price crash as a loss in valuation of 20% or more. Here are the bubble factors that I consider in today’s show: Price, inflation-adjusted price, interest rates, affordability, bond yields, personal incomes, foreign buyers, equity position, housing supply and more. From 2018 to 2022, I tell you about my recent housing forecast history. Redfin shows us signs of a housing market slowdown. For Jacksonville investment property, start here: www.GREmarketplace.com/JAX Properties that don’t cash flow with a 20% down payment often do with a 40% down payment. But your leverage falls from 5-to-1 down to 2.5-to-1. Jacksonville has low cost properties, favorable climate, strong population growth, and growing industries like the Port Of Jacksonville. Get started with Jacksonville property at: www.GREmarketplace.com/JAX Resources mentioned: Show Notes: www.GetRichEducation.com/394 Get started with Jacksonville property: www.GREmarketplace.com/JAX Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com <s
S1 E393 · Mon, April 18, 2022
Real Estate's Undiscovered Niche
One niche that people are passionate about is investing in self-storage facilities (SSF). SSFs are recession-resilient and there’s less to maintain. Your “tenants” are often cardboard boxes, not humans. This makes it easy to manage. Tenants often expect to stay for 6 months, but stay for 3 years. A 10 x 10 storage space might rent for $200. You could increase the rent by 10% to $220. They won’t move out due to a $20 increase, but you got a 10% rent hike across all your units. The best SSF locations are accessible, for example, near an expressway interchange. SSFs are little more than 4 pieces of sheet metal, a floor, and a door. You can invest alongside today’s SSF expert guest, Dave, at: www.gremarketplace.com/selfstorage This business model: Buy property from a mom-and-pop operator, add size and scale, and sell to a REIT, all in a 3 to 6-year span. One must be accredited and invest at least $50K. Investors receive reports quarterly. SSF cash flow is modest, typically 3-7%. This is an equity play, where you could 2-3X your funds on the sale at exit time. Learn more and get started at: www.gremarketplace.com/selfstorage Resources mentioned: Show Notes: www.GetRichEducation.com/393 Get started. Learn more about self-storage investing: www.GREmarketplace.com/selfstorage Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE <p style="text-align: ce
S1 E392 · Mon, April 11, 2022
Why Home Prices Are Soaring, Interest-Only Loans, Should You Buy Now? Meet Naresh Vissa
Why are home prices surging? I’ve got 10 big reasons and break down every one. Some reasons are not obvious. America’s residential loan-to-value ratio is just 31%. Interest-only loans are my favorite loan type. You don’t need to make any principal payments. Most people think interest-only loans awful. I explain why they’re often so advantageous. You meet GRE’s Investment Counselor, Naresh Vissa . For off market property, e-mail him at naresh@getricheducation.com . Naresh’s service is free to you. He guides you through the purchase process. He owns 8 properties in 4 states himself. Contact Naresh. GRE has 50+ properties available today - SFR up to 5-plex, LTR, STR, and more. Resources mentioned: Show Notes: www.GetRichEducation.com/392 E-mail GRE’s Naresh Vissa for off-market property: naresh@getricheducation.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, y
S1 E391 · Mon, April 04, 2022
Recession Warning, Uncertainty, and Destroying Wealth with Richard Duncan
Uncertainty is high. Inflation is spiking, supply chains are unreliable, and COVID keeps hanging around. Russia’s invasion of Ukraine threatens to make inflation and supply chain reliability worse. Amidst this backdrop, today’s guest, Richard Duncan , discusses prospects for a US recession. Richard reiterates that the US needs credit growth of at least 2% annually (inflation-adjusted) to avoid a recession. In a recession, nearly every asset class would be affected. The wealth-to-income ratio’s importance is discussed. The Fed has begun hiking interest rates. They soon plan to begin destroying dollars with quantitative tightening. Richard wrote a new book, The Money Revolution . It includes a history of the Fed, and points out that China is positioned to become more powerful than the US. But the US can stay in power if it creates tons of money in order to finance infrastructure, green energy, biotech, nanotech, and more innovation. Richard maintains that capitalism no longer drives the economy. It’s “creditism” and “consumerism”. I ask Richard about the risk of creating more dollars than production and innovation. Contrary to seemingly everybody, Richard believes that the Fed is a force for good. Resources mentioned: Show Notes: www.GetRichEducation.com/391 Get MacroWatch for a 50% discount with the code “GRE”: www.RichardDuncanEconomics.com Richard’s new book: <str
S1 E390 · Mon, March 28, 2022
Inflation, Florida Short-Term and Long-Term Income Property
Now you have to earn your money twice. The first time is when you work for it, the second time is when you must invest it to beat inflation. My explainer on why higher interest rates slow inflation. “Inflation is legalized counterfeiting. Counterfeiting is criminalized inflation.” -Robert Breedlove When wages don’t keep pace with inflation, I explain why it destroys families. We compare short-term (STR) and long-term rental (LTR) property in southwest Florida. Get started with buying properties yourself at: https://gremarketplace.com/SouthwestFlorida Of course, Florida is an in-migration hotbed. Home price appreciation and rents are both 10%-20%+ year-over-year. Today’s LTR tenants seek: infill lots, more square footage, an extra bedroom / den, and grocery store proximity. STR tenants want a pool. You really make your money November through April. LTRs have more recession resistance than STRs. LTRs have more predictable, year-round income. STRs often have $4,000-$5,000 a week of rent income. They have a 20% management fee. You can charge the tenants a cleaning fee. You owe utility costs and ~$100 monthly yard maintenance. Single-family rental properties are 1,500-1,900 sf on a ¼ acre lot, LVP flooring, granite countertops, stainless steel appliances, 9’4” ceilings, and concrete block exterior walls. Pricing is in the low $300Ks to low $400Ks. Long-term rents are $2,000-$2,400 / month. To get started with buying single-family homes and duplexes (long-term and short-term rentals) in southwest Florida, start at: https://GREmarketplace.com/SouthwestFlorida Resources mentioned: Get started with SW Florida long-term and short-term rentals: https://GREmarketplace.com/SouthwestFlorida Show Notes: www.GetRichEducation.com/390 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “RICH” to 307-213-3475 or: eQRP.co By texting “RICH” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to c
S1 E389 · Mon, March 21, 2022
Real Estate at Bitcoin Beach
Bitcoin Beach is a real world place. It’s in the tropics and has zero property tax. It’s on the Pacific Ocean. It reminds many of coastal California, but without the sky-high prices. Both bitcoin and the US dollar are legal tender here. Unlike the US, there is zero capital gains tax on bitcoin. A beautiful 40-acre property is being developed on a hill overlooking Bitcoin Beach. Besides luxury homes, condos, and tiny homes, the property plan includes Pacific views from every unit. Home sizes can range from 300 sf up to 10,000 sf. Novel concepts are planned in the community: a gym that powers energy for bitcoin mining, earth embed homes, aquaponics eco-farm, orchards, gardens. More common amenities like a pool, restaurant, and bar are planned. Get started with Bitcoin Beach real estate at: https://gremarketplace.com/BitcoinBeach There’s an option for residency in a second nation for you. Resources mentioned: Get started with Bitcoin Beach real estate: https://gremarketplace.com/BitcoinBeach Show Notes: www.GetRichEducation.com/389 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: <span style= "font-size: 10p
S1 E388 · Mon, March 14, 2022
Conflict: Free Market vs. Government
Today’s high inflation rate is poised to go higher. The latest CPI was up 7.9%. Home prices hit an all time high of $364,000 per Redfin, up 16% annually. Safety factors, building restrictions and the environmental movement all contribute to higher home prices and more homelessness. Larry Reed, the longtime former President of FEE - the Foundation for Economic Education - joins us. He believes that free market principles incentive the best of human behavior - prudent risk-taking, hard work, innovation, and ethics. Larry is an expert on the Great Depression. He relates those lessons to today’s economy. We discuss real estate, economics, inflation, interest rates, and taxes. Learn about the danger of the government “giving away free stuff”. One fault with government intervention is favorable short-term action that results in long-term destruction. Resources mentioned: Show Notes: www.GetRichEducation.com/388 Foundation for Economic Education: www.fee.org Lawrence W. Reed’s website: www.lawrencewreed.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com
S1 E387 · Mon, March 07, 2022
How To Make Millions With 1031 Exchanges
The greatest tax gift that your government gives real estate investors could be the 1031 Like Kind Exchange. This allows you to defer your capital gains tax and depreciation recapture. There is no limit to the number of times that you can do this during your lifetime. You can make millions more with 1031 Exchanges. But there are some specific rules to follow, like the 45-day identification period and 180-day timeframe in which to close upon replacement property. You must use a Qualified Intermediary (QI) to facilitate your exchange. Learn the pitfalls that nullify one from doing an exchange. This is a highly educational show. Resources mentioned: Show Notes: www.GetRichEducation.com/387 Get started with a 1031 Exchanges: www.GREmarketplace.com/1031 Sign up for our free “Don’t Quit Your Daydream” newsletter: www.GetRichEducation.com/Letter Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co <p style="text-align: ce
S1 E386 · Mon, February 28, 2022
Today’s Mortgage Lending Landscape with Caeli Ridge
Residential and warehouse real estate have been two hot sectors. With spiking house prices, investors are pushing out first-time home buyers. This increases the size of the renter pool. Historically, when mortgage rates rise, so do home prices. It’s the opposite of what most people think. For income property loans, get started at: RidgeLendingGroup.com Learn what it takes to qualify for a conventional loan on investment property: down payment, credit score, debt-to-income ratio, etc. There’s an update on today’s refinance climate. Appraisals are generally keeping up with today’s hotter appreciation rates. Learn about the easiest loan to qualify for that you’ve potentially ever experienced - the “DSCR”. Resources mentioned: Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE Sign up for our free “Don’t Quit Your Daydream” newsletter: www.GetRichEducation.com/Letter Show Notes: www.GetRichEducation.com/episode/386 JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting
S1 E385 · Mon, February 21, 2022
Will Higher Mortgage Rates Crash Housing? Snowballing Effect Of Growing Your Portfolio
Inflation hit its highest since 1982. The government admits that the CPI is now 7.5%. Even if your wages don’t keep up proportionally with inflation, learn about how to profit from inflation with real estate. What happens when your tenant can’t afford today’s higher rents? You get answers. Get my prediction on what will happen in a higher interest rate environment. Our COO Aundrea Newbern, MBA, joins us. She tells us about the snowball effect of scaling up your real estate portfolio. In a tight market with low real estate inventory, rather than the buyer waiving their inspection, it’s often better to shorten your due diligence period. Aundrea tells us how to pay yourself a W-2 salary through your LLC. This helps you qualify for more mortgage loans. E-mail Aundrea about finding Georgia income property at: info@getricheducation.com Resources mentioned: Sign up for our free “Don’t Quit Your Daydream” newsletter: www.GetRichEducation.com/Letter Show Notes: www.GetRichEducation.com/episode/385 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co <span style= "font-size:
S1 E384 · Mon, February 14, 2022
How To Own A Piece Of Margaritaville
A laid-back lifestyle in a tropical climate typifies “Margaritaville”. Margaritaville is a popular and flourishing real estate brand. There’s also short-term rental income stream for you here. A new location is opening in Belize. It is closer to more of the US than Hawaii, and with warmer water. It has the largest reef in the hemisphere, good for snorkeling, diving, and fishing. This under-construction project has Caribbean beachfront. The partners with the development are the largest private employer in Belize and the nation’s largest law firm. Learn more about owning a Margaritaville villa in Belize at: www.GREmarketplace.com/belize My guest & I discuss the lifespan of tourist locales. They emerge with visits from young backpackers. Later in the cycle, once “discovered”, it matures into visits from affluent tourists. This is a rare opportunity for an everyday investor to partner with a strong brand - Margaritaville. You can own a villa, use it for a few weeks a year, and rent it out for the remainder of the year. You can leverage Margaritaville’s STR management partner. Prices start in the low $200Ks. Real estate contracts are brief and written in English. In Belize, you don’t need title insurance. The government backs all titles. In-person tours are available and encouraged. Our show guest really wants to show you Belize. Learn more and get started at: www.GREmarketplace.com/Belize Resources mentioned: Get started with this opportunity at: www.GREmarketplace.com/Belize Show Notes: <a href= "https://www.getrich
S1 E383 · Mon, February 07, 2022
What I'm Afraid Of - Interview Gets Personal
Housing prices surged 20% annually. Rents have now caught up, rising 19.3%. New homebuilding hit a 45-year high. There are three ways to measure housing market vibrancy: months of available inventory, sale-to-list price ratio, and days on market (DOM). The level of available housing is now just one-fifth of what it needs to be. A new poll shows that “work from home” trends benefit both bosses and employees. I tell you about my Ecuador trip. Our Operations Lead, Aundrea Newbern, MBA interviews me about real estate and my personal life. Resources mentioned: Show Notes: www.GetRichEducation.com/383 Today’s American housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Video: Fitness & Financial Freedom, Age: https://youtu.be/jqxjEFC_CYM To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: <span style= "font-
S1 E382 · Mon, January 31, 2022
Dismal State Of High School Financial Education
A high school teacher reveals the sad state of financial education today. Most students still think the path is: go to school, get good grades, go to college, get a job, work until you’re 65, and then start enjoying life. Dan Sheeks is a Denver, Colorado-based high school teacher and real estate investor. He enjoys working with teenagers. He also volunteers for the Colorado Attorney General to advance financial education. Just last month, Dan released a book with Bigger Pockets: “First to a Million: A Teenager’s Guide to Achieving Early Financial Independence”. See it here . He discusses solutions for teenage financial independence: 1) When you turn 18, get your first credit card 2) “House hack” real estate by age 21 3) Good debt vs. bad debt - do teens understand? 4) Mindset 5) Avoiding mistakes like “meme coins” 6) Saving Dan tells us the two main reasons why there’s a pathetic lack of financial education in school today - funding and politics. Resources mentioned: Show Notes: www.GetRichEducation.com/382 If you have a child, get Dan’s book: First to a Million: A Teenager’s Guide to Achieving Early Financial Independence Dan Sheeks’ online community for young people: www.SheeksFreaks.com Dan Sheeks’ e-mail (It’s OK to message him): <span style= "fon
S1 E381 · Mon, January 24, 2022
The Most Resilient Real Estate Market In America
There are two main ways to create wealth. Debt-free is not one of them. If you only use your own money, you’ll stay small. Learn why most investments are like baseball cards. One market in America has such astounding resilience that prices were hardly dented in the 2008 financial crisis. Median home prices are still below $300K here today. Dallas-Fort Worth now spans 11 counties, with 7.6M people. This real estate provider focuses on the DFW suburbs. That’s where the growth is happening. Importantly, they use a plan for mitigating their higher Texas property taxes. Housing here appears undervalued and underpriced. People are often underhoused. Due to supply shortages, next day appliance delivery has disappeared. This real estate provider has plenty of available inventory right now. They offer you in-house property management at 6.5%. SFR prices are $160K-$225K. This is an actionable resource where you could buy property and benefit from the five ways you’re paid at: www.GREmarketplace.com/Texas Resources mentioned: Show Notes: www.GetRichEducation.com/381 Get started with Texas property: www.GREmarketplace.com/Texas To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & da
S1 E380 · Mon, January 17, 2022
Does This State Have The Most Profitable Properties?
You’ve been making $438 each night in your sleep. That’s one result if you’ve been following my plan. I compare real estate’s annual performance to: stocks, gold, silver, bitcoin, bonds, and oil. This state ranked 3rd in Moody’s Housing Affordability Index, has the 7th-largest domestic economy, and is a two-hour flight from 75% of the US & Canada. This state is also home to offices for Google, Facebook, Carvana, and more. In 2020, it ranked 4th of 50 states in U-Haul’s net in-migration. You can still achieve a full 1% rent-to-value ratio here. Get started at: gremarketplace.com . Today’s guests own a turnkey company with three models: Signature Series - fully renovated Instant CashFlow Series - occupied, not rehabbed Equity Advantage Series - vacant, not rehabbed This provider has stopped charging leasing fees for property management. Remarkable. Resources mentioned: Show Notes: www.GetRichEducation.com/380 Get started with Ohio property: www.GREmarketplace.com/Cincinnati www.GREmarketplace.com/Dayton Check out Flip & Dani Lynn’s new podcast: Freedom Through Passive Income To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co</
S1 E379 · Mon, January 10, 2022
The President of the Mises Institute
A homeowner’s average equity position is now $294K. That’s what the median home value was not long ago - now it’s one’s equity. I give a quick recap of major economic and real estate events this past year. Last year, there was an average $56,700 of equity growth per property. Our new website, GREmarketplace.com is rolling out. Register and get access to all of our: turnkey providers, pro formas, and sample properties. See videos of us interviewing property managers too. Jeff Deist , President of the Mises Institute joins me. The Mises Institute champions liberty and free market principles. Learn more about them at www.Mises.org Jeff & I discuss: real estate and rental markets, inflation, work from home, cash, low interest rates, debt. I ask Jeff how long he thinks we’ll see real price inflation through the 2020s decade, and prospects for a double dip recession. Get our free wealth-building “Don’t Quit Your Daydream” Letter. I write it myself: www.GetRichEducation.com/Letter Resources mentioned: Show Notes: www.GetRichEducation.com/379 Mises Institute website: www.Mises.org To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Get mortgage loans for investm
S1 E378 · Mon, January 03, 2022
Happy New Fear: RV Ratios, Property & Crypto Taxes with Tom Wheelwright
With higher property prices, what rent-to-value ratio makes sense today? I answer this thoroughly. Lower RVs make sense today due to: lower interest rates, new-build properties, the timing of equity harvesting and more. GRE Marketplace is coming soon. Tom Wheelwright joins us to help you reduce your property tax and cryptocurrency tax. Learn why some states have higher property tax than income tax or vice versa - CA, TX, NY, NJ, AK, and more. Many property tax professionals only get paid based on how much they reduce your property tax. Learn what works in actually getting your property tax reduced: comparables. In cryptocurrency, you are taxed on either a sale or an exchange - not just a sale. For example, if you trade bitcoin for ethereum, you have a tax consequence. If you buy a $3 cup of coffee with crypto, that is usually taxed. Miners of crypto are taxed when they mine it, not only when they sell it. Crypto is taxed at capital gains tax rates. Tom does not believe that crypto will be outlawed in the US. Rather, it will be regulated through taxation and reporting. Get our free wealth-building “Don’t Quit Your Daydream” Letter. I write it myself: www.GetRichEducation.com/Letter Resources mentioned: Show Notes: www.GetRichEducation.com/378 Tom Wheelwright’s website: www.WealthAbility.com Tom’s popular book (I’ve read it): <a href= "https://wealthabi
S1 E377 · Mon, December 27, 2021
I Sold An Apartment Building, MMT In Today's Economy with Dr. Randall Wray
I sold an eight plex apartment building for $789,000 last week. Learn lessons from my sale. Dr. Randall Wray joins us to discuss where our economy is headed. He tells us about inflation, taxes, interest rates, and supply chain disruption dynamics. Is Modern Monetary Theory (MMT) a utopia or disaster? Taxes remove currency from the economy. This reduces inflation. What about Universal Basic Income (UBI)? This basically means writing regular monthly checks to every citizen. Dr. Wray has strong opinions here. Rapid currency creation and inflation is explored. Dr. Randall Wray provides his recipe for full employment and stable prices. It includes his answer of a “job creation program”. Resources mentioned: Show Notes: www.GetRichEducation.com/377 Learn more about Dr. Randall Wray: www.levy.org Bill Mitchell’s MMT blog: http://bilbo.economicoutlook.net/blog/ To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com
S1 E376 · Mon, December 20, 2021
Alarming Tax Changes Can Hurt You with Tom Wheelwright and Damion Lupo
Tax The Rich. Learn how this theme is gaining traction in Congress. Wealthability’s Tom Wheelwright joins us. Which taxes make sense: property tax, consumption tax, flat income tax, progressive tax? In Tom’s opinion, learn why flat taxes will never happen. Oh no! A new 3.8% net investment income tax on business owners appears likely. Will the 1031 Exchange benefit survive? Next, The eQRP Company’s Damion Lupo joins us. He tells us that the Checkbook IRA has been outlawed. The eQRP is the retirement plan answer. It has: 10X the contribution limits of Traditional and Roth IRAs, zero UBIT tax, and you can invest in real estate, bitcoin, gold, or your own business. Resources mentioned: Show Notes: www.GetRichEducation.com/376 Tom Wheelwright’s Wealthability: Wealthability.com To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property:
S1 E375 · Mon, December 13, 2021
How To Build A Real Estate Company with Mid South Home Buyers
To get a rent increase, learn what NOT to tell tenants. Memphis, Tennessee’s Mid South Home Buyers has supplied more property for GRE followers in history. The longest-tenured GRE providers, Terry Kerr and Liz Brody tell us how they built and maintain this 20-year-old turnkey real estate investing company. They start with buying the ugliest house on the block. Rents & prices on SFRs in Memphis, TN: $675-$1100 and $79K-$120K Rents & prices on SFRs in Little Rock, AR: $800-$1300 and $90K-$130K You can get started with buying investment property yourself at: MidSouthHomeBuyers.com . They’re popular. There’s a wait list. Resources mentioned: Mid South Home Buyers: www.MidSouthHomeBuyers.com Show Notes: www.GetRichEducation.com/375 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. <span style= "font-size: 10p
S1 E374 · Mon, December 06, 2021
Freedom Means Nothing Now - Doug Casey's Take
Doug Casey tells us that freedom and liberty don’t mean much anymore. “America is no longer the land of the free.” -Doug Casey, GRE Podcast 374 He believes that a tax protester is a patriot. Doug also believes that roads, bridges, ports and schools should be run by the private sector, not governments. “Regulation is the enemy of landlords and tenants.” -Doug Casey, GRE Podcast 374 Doug is a prolific author. He produces the International Man website, blog, and newsletter, and a YouTube podcast called “Doug Casey’s Take” . Resources mentioned: Doug Casey’s website: InternationalMan.com Show Notes: www.GetRichEducation.com/374 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here: GetRichEducation.com/Sunshine
S1 E373 · Mon, November 29, 2021
Keith's Housing Predictions | When Mortgage Rates Rise, Home Prices Rise & Supply Falls
Learn why I believe US home prices will rise 9-10% next year. That’s higher than historic norms and lower than this year. Expect higher mortgage interest rates too. Counterintuitively, higher mortgage rates correlate with higher housing prices. Higher rates also correlate with lower supply. Today, inflation (6.2%) is double of mortgage interest rates (3.1%). This means that when you repay the bank, those dollars debase on them twice as fast as the bank’s interest charges can accrue on you. Since 1994, mortgage rates have risen six times. House prices rose every time. Next year, the same thing is expected to happen; it will be seven in a row. I explain why higher rates correlate with lower housing supply. Housing supply has dropped an astounding 63% from two years ago. That’s the housing crash; it was a supply crash. Resources mentioned: Today’s low housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Show Notes: www.GetRichEducation.com/373 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co <span st
S1 E372 · Mon, November 22, 2021
The New US Geography In A Pandemic World with Peter Zeihan
Real estate investing and geography are both: location, location, location. Economic guru and geopolitical strategist, Peter Zeihan , walks us around each US region to describe its economic strengths, weaknesses, opportunities, and threats. “The next 24 months will be the greatest period of change that we have seen… at least since the second World War.” -Peter Zeihan Get your map out. We discuss the US: New England, Mid-Atlantic, Southeast, Deep South, Great Lakes, Ohio, Texas, Great Plains, Intermountain West, California, Pacific Northwest. Learn the three best states that are attracting foreign direct investment. Peter loves Houston, Texas’ economic future. Resources mentioned: Learn More About Peter: Zeihan.com Show Notes: www.GetRichEducation.com/372 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here:
S1 E371 · Mon, November 15, 2021
Passive 6-12% Cash Returns with Real Estate Private Lending
I talk with the person who I lend money to in order to rehab distressed properties. We discuss how it works and the 6-12% annual returns. Importantly, many properties are secured in stable, cash flowing Ohio and around the Midwest and South. SFHs are common. You are the lender, not the borrower. Get started at: GetRichEducation.com/Lending Unlike owning a rental property where a tenant pays you to live there… a private lender program means that someone pays you to “rent out” the use of your money, typically for a year or less. The operator, Dani Lynn Robison of Freedom Capital Investments in Springboro, Ohio, tells us how she has never lost an investor’s money. They have always paid back the lenders’ initial investment, plus interest, as agreed. Learn about investing on the “debt side” of real estate rather than the “equity side” with private money lending at: GetRichEducation.com/Lending Resources mentioned: Learn More & Get Started: www.GetRichEducation.com/Lending Show Notes: www.GetRichEducation.com/370 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: <a
S1 E370 · Mon, November 08, 2021
How To Buy Giant Apartment Buildings
Buying a huge $5M apartment building is daunting to most people. We discuss how you get the money and experience for this. Investor vocabulary explained: Capital stack, General Partner, Limited Partner, Non-recourse loan, Acquisition fee. Owning a duplex is different from owning a 200-unit building. With the latter, you’ll have private investors, an on-site manager, and perhaps Yelp reviews to manage. Advertising is different. Our guest, Michael Blank , emphasizes the importance of doing your first deal - big or small. Do it. That’s when the real learning begins. Michael excels in teaching you how to find other investors to fund your big apartment deal. To start, merely educate others. Don’t ask for money. Get started in learning more with Michael at: GetRichEducation.com/Apartments Resources mentioned: Get started with Michael: www.getricheducation.com/apartments Show Notes: www.GetRichEducation.com/370 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and
S1 E369 · Mon, November 01, 2021
This Is Real Estate's Path Of Progress
Will Rogers said, “Find out where the people are going and buy the land before they get there.” Florida in-migration has been a persistent trend since the late 1800s. Again, Florida led US in-migration between 2020 and 2021. I interview a Florida property provider that I have heard other developers comment about, saying: “I don’t know how they deliver such low prices.” You don’t have to pay agent markups. Buy direct. These are new-build SFRs up to four-plexes. Get the report and connect with the provider at: GetRichEducation.com/SunshineState These Build-To-Rent properties are in central Florida, including Palm Bay (halfway down the Atlantic coast), Ocala, The Villages (both nw of Orlando) and more. Growth of industry has been both varied and substantial: medical, technology, finance, international trade, agriculture, aerospace, and more than just tourism. Amazon, Space X, and Blue Origin all have a substantial presence. This is path of progress real estate investing. Recent sample property: New-build SFR, 3/2/2, 1,400 sf, concrete block construction, $225K sale price and $249K appraisal. (Appraisals don’t always exceed sale price; that’s a wider gap than usual.) Build-To-Rent advantages: everything is new, warranties, higher tenant retention, location, provider buys in bulk, built-in equity, lower insurance cost. These new-build properties are on both infill and contiguous lots on tracts of land. SFR communities often have amenities like pickleball courts, swimming pools, and gyms. Tenant demand is so high that this provider gets first & last month’s rent for you in addition to security deposit. Get actionable. New-Build Florida income property (with property management) is available here: GetRichEducation.com/SunshineState Resources mentioned: Show Notes: www.GetRichEducation.com/369 New-Build Florida income property is here: GetRichEducation.com/SunshineState Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opt
S1 E368 · Mon, October 25, 2021
How To Buy Your First Rental Property: Step-By-Step
One question that I’m asked is: “How do I actually buy an investment property?” I’m going to walk you through it all today, step-by-step. You know, even after I bought my first property, it would have been difficult to recite all the steps. This is partly due to the process's 30-60+ day duration. Though real estate has made more ordinary people wealthy than anything else, it is illiquid. [Watch the video version of this podcast here: https://youtu.be/9jH4_-Bwujs ] It takes more time to buy and sell real property. There's no brokerage "point-click-done" or Robinhood swipes here. This is both a good and bad thing. Because there are several steps involved, there is no panic selling in real estate. This illiquidity keeps real estate prices more stable than nearly any other asset class. This stability (via illiquidity) is one reason why real estate comprises the heart of so many wealthy peoples' portfolios. Real estate prices are a smooth, glassy lake compared to the raging sea storm of volatile gold, silver, cryptocurrency, oil, and stock markets. In under 28 minutes, I lay out every step that you must know for buying rental property. This masterclass-level instruction comes to you without paywalls or logins. I've made it public and free. It includes: Myriad mistakes to avoid Improving your credit report and score A clever way to show a higher income to underwriters Where I get my loans Market selection Property due diligence Making an offer Get an inspection (Always!) Appraisal <span style="font-
S1 E367 · Mon, October 18, 2021
What Happened After The Eviction Ban with Ken McElroy, Alabama Markets
I’m in Birmingham, Alabama for a real estate field trip today. Alabama is an investor-advantaged real estate market: low cost of living, some of the nation’s lowest property taxes. Mindset: I tell a story on affording the time. One of the most prolific real estate authors, Ken McElroy , joins us. I ask him about what happened to his 2021 housing crash prediction. Ken & I discuss why there haven’t been more evictions since the national eviction ban ended. We explain why don’t believe this will be massively disruptive. It matters. But to me, evictions will be a diffuse condition, not a sudden one. Sadly, if a tenant owes their landlord tens of thousands of dollars, they’ll rarely pay. Ken describes how he’s actively buying big real estate deals in today’s environment. Ken gives a new “mark my words” prediction today. Resources mentioned: Learn more about Ken McElroy: www.KenMcElroy.com Birmingham, AL investment property: www.GetRichEducation.com/Birmingham Huntsville, AL investment property www.GetRichEducation.com/Huntsville Show Notes: www.GetRichEducation.com/367 Get mortgage loans for investment property: <a href= "http://www.ridgelen
S1 E366 · Mon, October 11, 2021
9% Stable Cash Flows with Mortgage Note Investing
Landlords collect rent payments. "Lienlords" collect mortgage payments. Learn how to obtain a stream of mortgage payments by owning the note (an IOU). I tell you why banks would sell mortgage notes. Learn the difference between performing and non-performing mortgage notes. Bob Fraser from Aspen Funds joins us to tell us more. Fewer borrowers defaulted on their mortgage payments in-pandemic due to forbearance. Learn why a bank will sell you a mortgage note at a discount. What happens when a borrower stops paying their mortgage. There are either first lien or second lien positions to occupy. You wouldn’t expect this, but second liens can often be better due to their deep discounts. Resources mentioned: Learn more about Aspen Funds: www.AspenFunds.us Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/366 JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates m
S1 E365 · Mon, October 04, 2021
Mortgage Rates Drop Full 1% For Income Property with Caeli Ridge
Learn how to qualify for an income property loan today. We discuss what just made mortgage interest rates for investment property drop 1% overnight. First, I discuss the difference between adequate safety vs. too much safety for tenants in investment properties. Too many safety regulations have a cost that gets passed onto tenants and even increases homelessness. Caeli Ridge, President of Ridge Lending Group joins me. A few weeks ago, mortgage interest rates for income property fell a full 1% due to the suspension of added risk layers that were added back in March. For an income property loan, you need: 1) 15-20% down payment and ~4% closing costs. 2) Credit score of 680 or better, 3) Show sourced & seasoned liquid assets, and 4) 50% maximum debt-to-income ratio. There are pros and cons of paying monthly PMI. Today’s “typical” income property interest rate = 3.75%. What happens when you try to get more than 10 income property loans? We discuss the terms, called “non-QM” loans. Get started on your income property loan at: www.RidgeLendingGroup.com Resources mentioned: Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/365 JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or:
S1 E364 · Mon, September 27, 2021
The Future Of Interest Rates, Inflation, the Dollar with Brien Lundin
When money supply is high, this lowers interest rates. I explain why. Interest rates & inflation are positively correlated. Interest rates are usually higher. This upside-down today. When interest rates rise, real estate prices rise too (Yes, not fall). Learn why. Join me this Thursday, Sept. 30th, for a live Texas Properties webinar. Learn more here: www.GetRichEducation.com/Texas Brien Lundin, organizer of the world’s longest-running investment conference, joins me. It’s the 47th Annual New Orleans Investment Conference. He’s also editor of the Gold Newsletter. I will attend the event in-person. Meet me Oct. 19th to 22nd. Sign up here: New Orleans Investment Conference . Brien does not believe interest rates will rise appreciably anytime soon, nor will the Fed taper. He feels that this will be good for real estate. The Fed must continue with massive currency creation. Like many, Brien feels that inflation is not transitory. Why isn’t the gold price higher than $1,700 - $1,900 per ounce? Brien likes owning physical bullion. He thinks that crypto is worthwhile. Resources mentioned: Sign Up & Meet Me At the New Orleans Investment Conference: GetRichEducation.com/Events Brien Lundin’s Gold Newsletter: www.GoldNewsletter.com Show Notes: www.GetRichEducation.com/364 <p style="text-align: cente
S1 E363 · Mon, September 20, 2021
Tight Rental Market, Housing Construction Update
Should you buy for negative cash flow? Afterall, rents are rising fast; maybe they will catch up. I have a firm answer for you. With a tight rental market, landlords can skimp on repairs because tenants have few alternative places to live. Do the right thing. Make repairs. Don’t be a slumlord. Property bidding wars are subsiding. Meet me in-person Oct. 19th to 22nd at the New Orleans Investment Conference . A provider of brand new construction Florida & Georgia investment properties joins me to discuss industry trends, including the challenge of supply shortages. Developing vast tracts vs. infill lots. Tenants love living in a new construction. This provider builds SFRs up to 13-unit buildings with vinyl plank floors and stainless steel appliances. They sell investment properties to individual investors like you, with SFRs in the $200Ks. Start buying property at: GetRichEducation.com/Southeast Resources mentioned: Buy new-build FL & GA investment property. Start: GetRichEducation.com/Southeast Sign Up & Meet Me At the New Orleans Investment Conference: GetRichEducation.com/Events Show Notes: www.GetRichEducation.com/363 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: <p style="t
S1 E362 · Mon, September 13, 2021
Real Estate's New Space Race, Should You Obtain Your RE License?
Steep rent increases are spreading like a… pandemic. Some metros are seeing annual rent increases of 10% to 15%. It's all part of real estate's new "space race". It’s easier to get big rent increases *between tenancies*, not with your long-term tenants. GRE’s own Aundrea Newbern joins us to answer, “Should you become a real estate agent?” Aundrea has her RE license in GA and is now training in her new home state of MI. Pros of obtaining your license: more information, better access to MLS, training, networking, and income from representing buyers & sellers. Cons of obtaining your license: your time, upfront cost & ongoing fees, splitting commissions with your broker, disclosures and liability, traditional licensee activity has little to do with investors. Summary: You need to use your license for at least 2-3 deals per year to potentially make it worthwhile. For real estate in MI and GA, e-mail Aundrea at: aundrea@getricheducation.com Resources mentioned: Show Notes: www.GetRichEducation.com/362 Contact Aundrea: aundrea@getricheducation.com Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: <a href= "htt
S1 E361 · Mon, September 06, 2021
This Guest Is The Biggest Failure That I Know
Rents are skyrocketing, up 11.4% just since the start of this year per Apartment List. Increases like this could mean a 25% increase in your cash flow. Rod Khleif has made big failures. I mean that in the best way. Ultimately, he was willing to fail often in order to become the giant success that he is today. He lost $50M in the 2008 crash, even though his properties were at 30% LTV (70% equity). Rod is a multifamily apartment building investor and syndicator. He motivates many with his successful seminars. We discuss “The Law Of The First Deal”. Who you spend time with is who you become. He’s an active RE buyer now, with 296 units under contract in San Antonio. However, he sees an economic contraction coming. To hedge against a potential RE market downturn, Rod likes to avoid C-Class property. He likes investing in “A” and “B” areas in southern states. Resources mentioned: Show Notes: www.GetRichEducation.com/361 Rod Khlief’s website: RealEstateWithRod.com Rod’s podcast: Lifetime CashFlow Through Real Estate Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: <a href= "http://www.ca
S1 E360 · Mon, August 30, 2021
GRE Listener Eric Schodowski Expands His Means
Today’s guest has been a GRE listener since 2019. He’s an MBA and Industrial and Manufacturing Engineer at a Fortune 500 Company. He still works at this full-time job. Eric Schodowski learned about GRE and listened from Episode 1. Leverage, arbitrage, and inflation-profiting were new concepts to him. When he switched jobs, he was able to access 401(k) and pension funds. Then, rather than living below his means, he expanded his means. Eric Schodowksi has added 11 rental units: a four-plex in his home market of Baton Rouge, LA, and turnkey properties in: Memphis, west Florida, and northwest Indiana. His returns have been as high as 120% per year. Eric prefers turnkey real estate investing because it’s “hands-off”. Turnkeys are designed to perform for investors. Resources mentioned: Show Notes: www.GetRichEducation.com/360 Eric’s e-mail address: Eric.LaBlue@gmail.com Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. <p style="text-align: cen
S1 E359 · Mon, August 23, 2021
The Real Crash In Real Estate, Wealth Without Wall Street
A 60% housing drop is what I’m talking about today. That's the real estate crash. What has driven housing prices 23.4% higher year-over-year? Scarcity, utility, and demand. I’m talking about a housing *supply* crash, not a price crash. The guys from Wealth Without Wall Street , Joey Mure and Russ Morgan, join us. They discuss why Wall Street makes money managers profitable, not individual investors. Most individual investors are so used to abandoning what they really want, that it’s difficult to remember what their dream even is anymore. Racing to “zero debt” is a losing game for most people. Resources mentioned: Show Notes: www.GetRichEducation.com/359 WWWS’s financial passport resource: WealthWithoutWallStreet.com/Passport CNBC: Rent Prices Rising Faster: https://www.cnbc.com/2021/08/11/rental-bidding-wars- heat-up-as-economy-improves-in-tight-housing-market.html Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: </stro
S1 E358 · Mon, August 16, 2021
Robert Kiyosaki - 50th Anniversary of the Fiat Dollar
Fifty years ago, money changed forever. Robert Kiyosaki joins us. He’s the “Rich Dad, Poor Dad” author. President Richard Nixon effectively removed the dollar from the gold standard on August 15th, 1971. We play the audio clip. Inflation ensued, exceeding 10% in the 1970s and 1980s. What is money, anyway? I answer. Gresham’s Law - bad money drives out good. Kiyosaki tells us why he promotes freedom and economic decentralization. My solutions to monetary inflation: 1) Real estate debt. 2) Gold. 3) Bitcoin. 4) Spend. Resources mentioned: Show Notes: www.GetRichEducation.com/358 Nixon removing dollar from gold standard: https://www.youtube.com/watch?v=4-cB1Z9qceI Jerome Powell on dollar printing: https://www.youtube.com/watch?v=lK_rYS8L3kI Buy real estate: www.greturnkey.com Buy gold: www.apmex.com Buy bitcoin: www.coinbase.com Get mortgage loans for investment property: RidgeLen
S1 E357 · Mon, August 09, 2021
A New Investor City Is Revealed
Homes in car-dependent areas have appreciated at 33%; mass transit areas 16% over the last eighteen months. Suburban real estate wins. Alabama and Tennessee have: net in-migration, low cost of living, high rents with a low purchase price, low property tax, jobs, and housing affordability. SFRs and duplexes are offered in: Chattanooga , Birmingham , and Huntsville . In many Alabama markets, low income areas have appreciated more than high income areas. Chattanooga duplexes: $2,200 rent / $240,000 price. 0.9% RV ratio. SFRs are 3 bed, 2 bath: $1,300-$1,500 / $160K-$210K price. Get the report & connect with the provider at: GetRichEducation.com/Chattanooga Resources mentioned: Show Notes: www.GetRichEducation.com/357 Alabama & Chattanooga Investment Property: GetRichEducation.com/Chattanooga GetRichEducation.com/Birmingham GetRichEducation.com/Huntsville Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com <p
S1 E356 · Mon, August 02, 2021
How To Reduce Property Insurance Costs
You achieved 95% total rate of return if you bought a turnkey property one year ago, on average. How can that be true? It’s the “Five Ways Real Estate Pays” revisited. Get our free, wealth-building “Don’t Quit Your Daydream” newsletter. It’s the real estate industry’s best at: GetRichEducation.com/Letter Doug Fudge joins us. He’s President and CEO of Fudge Insurance . They are a brokerage where customers get a choice of insurance provider. Fudge provides insurance in: CA, CO, FL, GA, NC, TN and KY. He suggests higher deductibles and lower premiums for well-off investors. Doug & I discuss trade-offs between replacement cost and actual cash value insurance. Vacant land is generally not insured. Every policyholder in Florida has had a rate increase in the last year. This is largely due to frivolous lawsuits. Get a lower insurance rate with property that is: new-build, concrete block (not frame), further inland (not coastal), hip roof (not gable). Flood and earthquake coverage are separate policies. We discuss how to administer renters’ insurance and umbrella insurance policies. Learn which insurance document you should never sign. Resources mentioned: Show Notes: www.GetRichEducation.com/356 Fudge Insurance: www.FudgeInsurance.com (407) 965-4253 Get mortgage loans for investment property: <span style= "font-size: 1
S1 E355 · Mon, July 26, 2021
Home Prices Stall, Tom Wheelwright on Green Energy Tax Breaks
Housing inventory could finally be turning the corner. There are now more available homes (549K) today than one month ago (504K) and two months ago (492K). 56% of homes still sell above their asking price. Get our free, wealth-building newsletter. It’s the real estate industry’s best at: GetRichEducation.com/Letter I provide a condensed history of the income tax. In 1913, the top income tax rate was 7%. Tom Wheelwright joins GRE for a record 21st time on green energy tax breaks. Wind, solar, hydrogen, geothermal, nuclear, and car charging stations will likely receive more tax incentive support under Joe Biden. Oil & gas tax deductions could be limited or eliminated. Resources mentioned: Show Notes: www.GetRichEducation.com/355 Tom Wheelwright’s network: Wealthability.com Watch Tom & I on YouTube: GetRichEducation.com/YouTube Active Listing Count Of Homes: https://fred.stlouisfed.org/series/ACTLISCOUUS The Income Tax Since 1913: https://bradfordtaxinstitute.com/Free_Resources/Federal-Income-Tax-Rates.aspx# Get mortgage loans for investment property: RidgeLendingGr
S1 E354 · Mon, July 19, 2021
Rents Are Skyrocketing, Tom Wheelwright on Biden Taxes
Rents are shooting up in many metros, including GRE cities. Cyclically, housing prices shoot up first. Rent raises follow. Inflation is hot: CPI is up 5.4%, PPI up 7.3%. Tom Wheelwright, CPA of Wealthability joins us. Topics: Will income tax and capital gains tax increase? The 1031 Exchange is at risk! How to contest your property taxes. Involving your children in your business for tax breaks. A more active tax audit climate. This is Tom’s record 20th GRE appearance. Resources mentioned: Show Notes: www.GetRichEducation.com/354 Tom Wheelwright’s network: Wealthability.com Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Best Financial Education:
S1 E353 · Mon, July 12, 2021
Landlords Get Vilified, Housing Market Update with Damion Lupo
Society and media often lambaste landlords. I discuss an absurd article titled: “Landlord System Morally Unethical… Contributing Nothing To Society”. Some slumlords exist, but many landlords are responsible. Many landlord critics think money is inherently evil. Damion Lupo joins me to discuss what happened at the latest Real Estate Guys’ Investor Summit. The homeownership rate is expected to decrease, meaning more renters. It will take at least a decade to raise housing supply to meet demand. We discuss whether inflation is here to stay or not. Damion provides you with the best retirement plan that I’ve ever heard known - the eQRP. Make gains truly tax-free, have $100K+ annual contribution limits, and invest in virtually anything - real estate, crypto, your own business. Learn more. Text: “EQRP” to “72000”. Resources mentioned: Show Notes: www.GetRichEducation.com/353 Chantilly News on landlords: https://chantillynews.org/7141/opinions/landlord-system-morally-unethical-contribute-nothing-to-society/ Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com Ali Boone’s Recommended Book: h
S1 E352 · Mon, July 05, 2021
Rich People Have The Most Debt
Paid-off properties have an opportunity cost that few consider. Wealthy celebrities that choose mortgages are: Mark Zuckerberg & his wife, Elon Musk, Megan Markle & Prince Harry, Beyonce & Jay-Z, Chrissy Teigen & John Legend, and Charlie Sheen. I personally have held millions in mortgage debt from a young age. I’ve long had the ability to pay it off, have not, and will not. Good debt defined: 1) Secured. 2) Low mortgage interest rate. 3) Payments outsourced to tenants. How your bank sees your debt: 1) You have insured their collateral. 2) When you improve the property, you improve their collateral. 3) 1-4 unit properties - comparables. 5+ properties - income & debt coverage ratio. The risk of high mortgage debt is being overleveraged. This means you cannot service the debt payments. Chris Naghibi joins me. Though he dispenses financial guidance to celebrities, he helps everyday people qualify for mortgages. We discuss mistakes to avoid with your credit score and debt-to-income ratio. Learn about today’s appraisal environment. Today, on average, homes sell for more than the asking price. That’s weird! The average credit score is now 786 for mortgage borrowers. Resources mentioned: Show Notes: www.GetRichEducation.com/352 Chris Naghibi: TikTok: @ChrisNaghibi Instagram: @ChrisNaghibi YouTube: Chris Naghibi <span style= "font-s
S1 E351 · Mon, June 28, 2021
Jim Rogers - Inflation & Your Economic Future
Legendary investor and business mogul Jim Rogers joins us from Singapore. Inflation is on the rise. I was just asked to leave a tip at Subway for the first time. Inflation nudges most people toward poverty. It moves GRE listeners toward prosperity. Rents for detached SFHs are up 7.9% year-over-year. The NAR just told us America is 6.8 million housing units short of demand. World governments are printing, spending, and driving interest rates to all-time lows. Historically, this has led to higher inflation. I ask Jim Rogers about inflation and the prospects for U.S. hyperinflation. He believes interest rates will go higher “in the next few years”. He likes tying up 30-year fixed rate mortgages. Jim thinks the free market might take control of interest rate policy away from The Fed (wow!). “The next recession is going to be the worst in my lifetime.” -Jim Rogers Jim Rogers & I also discuss: MMT, agricultural real estate, cryptocurrency, and advice for a young person. I explain what CBDCs are - Central Bank Digital Currencies. Resources mentioned: Jim Rogers’ resources: www.JimRogers.com SFH Rents See Huge Gains: https://www.cnbc.com/2021/06/15/rents-for-single-family-homes-just-saw-the-largest-gains-in-nearly-15-years.html America Is Short 6.8 Million Homes: https://www.businessinsider.c
S1 E350 · Mon, June 21, 2021
Blair Singer - Why Sales Solves Nearly Every Problem
Rents are up, up, up. This is because surging home prices are displacing the first-time affordable homebuyer. Rich Dad Sales Advisor Blair Singer joins us. He helps you get that “little voice” in your head to tell you the right thing. When you master your little voice, you more often move from employee to business owner or entrepreneur. It takes self-belief. Begin with the end in mind. Blair tells you why you don’t have to be an attack dog in sales. Just help others! I try my sales pitch with Blair, then he tells me that my sales style is a retriever. In a selling situation, the person with the highest energy wins. Resources mentioned: Blair Singer’s resources: www.BlairSinger.com Show Notes: www.GetRichEducation.com/350 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP
S1 E349 · Mon, June 14, 2021
Rent vs. Price Relationship, House Prices 1963-Present
Learn the housing price level every year from 1963 to present with an entertaining retrospective - from $18K to $372K. Top takeaways over time: 1) Real estate usually goes up. 2) Real estate does not always go up. Housing rents and prices often correct toward each other. Home prices are rising globally. The highest: Turkey, New Zealand, Luxembourg, and Slovakia. Some of the lower rises are in East Asia. Canadians can hardly believe that Americans get 30-year fixed rate mortgages, 1031 Like-Kind Exchange. Redfin CEO Glenn Kelman believes that high housing demand is cooling off and the market is normalizing. Building a home has never been more expensive. I cover a case study for you about how new-build Boise single-family ranch homes had a sale price increase of $472K up to $747K over the last two years. Your tenant is probably doing better this year than last. Unemployment is down to 5.8%. Rent amounts are more stable than home prices. I draw the line. Current rent vs. own dividing lines are 0.7% RV ratio and $250K purchase price. You can still find decent $100K - $150K properties in: Memphis , Little Rock , Cincinnati and Dayton . Resources mentioned: Median New House Prices (Census, HUD): https://fred.stlouisfed.org/series/MSPUS Bloomberg: Global Home Price Rise: https://www.bloomberg.com/news/articles/2021-06-03/global-home-prices-rise-most-since-2006-fueling-bubble-concerns Music samples used with permission. Show Notes: www.GetRichEducation.com/349 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co <p style="text-align:
S1 E348 · Mon, June 07, 2021
How To Raise Rents, Update On Florida Income Property
With only small rent increases, your cash flow can rise 20-50%. Learn how to successfully achieve these small rent increases. Also, learn what to never say to your tenant. It’s a mistake that I made. Make gradual rent raises and provide justification for the increase. Florida’s surging net in-migration provides tons of rent-paying tenants. The numbers work here for out-of-state investors. Learn more & get properties at www.GetRichEducation.com/CentralFlorida These new construction SFRs are often $200K. Investors must come in all-cash and do a cash-out refinance later. This BRRR is: Buy, Rent, Refinance, Repeat. (No rehab.) Rent-to-price ratios are near 0.8%. Insurance premiums are often extremely low on these brand new builds. Renter demand is astounding. There are more than 1,000 tenants on waiting lists for these new-build Florida SFRs on quarter-acre infill lots. Get started with new construction Florida income property at: www.GetRichEducation.com/CentralFlorida Resources mentioned: Find new-build Florida income property: www.GetRichEducation.com/CentralFlorida Show Notes: www.GetRichEducation.com/348 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrow
S1 E347 · Mon, May 31, 2021
Will Cheap 3-D Printed Homes Devalue House Prices?
Will the rise of 3-D printed homes make housing construction so cheap that values of all existing homes will depreciate? I explore this with you. It’s the third installment of our 3-part housing supply crisis series. 3-D printing uses lots of concrete. It is the world’s most popular building material. No matter how one builds, there are still costs of: labor, land, materials, design & planning, architecture & engineering, site work & drainage, and regulation. A recent NAHB study shows that the regulatory cost of building a new single-family home is a staggering $94,000. Resources mentioned: Show Notes: www.GetRichEducation.com/347 $94K Regulatory Cost To Build A New Home: https://www.nahb.org/news-and-economics/industry-news/press-releases/2021/05/regulatory-costs-add-a-whopping-93870-to-new-home-prices Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQ
S1 E346 · Mon, May 24, 2021
This Could Crash The Housing Market, REI Mindset with Aundrea Newbern
What one thing could crash the housing market … even more than expiring forbearance? It’s something that NO ONE is talking about. Is the economy REALLY coming back? Where is inflation headed? Hyperinflation & real estate is discussed. I tell you what surprising investment I personally made last month. Then, what’s an important part of your investor mindset that you probably haven’t thought about before? Through Q3 of last year, homeowners have an all-time inflation-adjusted high of $257K in equity. Some NYC mayoral candidates have embarrassing perceptions of Brooklyn housing costs. Aundrea Newbern from GRE Operations & I review a book we like: “NOT Your How-To Guide To Real Estate Investing” by Ali Boone. My new 5-part Video Course on the “5 Ways Real Estate Pays” is free and open to all. Go to “Get Rich Education” YouTube now. Resources mentioned: Show Notes: www.GetRichEducation.com/346 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co <p style
S1 E345 · Mon, May 17, 2021
Housing Supply Crisis - Building With Shipping Containers
A shipping container costs less than $5,000. Why doesn’t America build more housing with them? Gregg Cohen of JWB Real Estate Capital in Jacksonville, FL reveals how their 18-unit shipping container apartment complex created financial loss. The shipping container apartments are 320 square feet each. Learn about: what a vertically integrated company is, build-to-rent homes, turnkey real estate, the pros and cons of shipping container housing, permitting, and zoning constraints. Making shipping containers livable adds expense: windows, heating, cooling, electricity, water, ventilation and fire safety. JWB blew their budget! $1.3M budget vs. $2M reality. Gregg estimates that shipping container building costs them 20-30% more than conventional wood frame construction. Their non-pandemic rent collection = 98.5% In-pandemic rent collection worst = 97% 2020 rent collection total = 98% JWB has available inventory of Jacksonville income property now - during the housing supply crisis. How can they do that? He tells us. If you seek more income property, start at: www.CashFlowAndGrowth.com or phone (904) 677-6777. Resources mentioned: Show Notes: www.GetRichEducation.com/345 JWB’s available Florida income property: www.CashFlowAndGrowth.com JWB’s Facebook Group: www.JWBFacebookGroup.com Get mortgage loans for investment property: <
S1 E344 · Mon, May 10, 2021
Biden’s Tax Increases & Real Estate - with Kristin Tate
Kristin B. Tate (FOX News, CNN, MSNBC) joins me to discuss Biden tax and housing policies, inflation, and investing. President Joseph R. Biden, Jr.’s bill to create a $15,000 first-time homebuyer tax credit is wrong. It helps the demand side. America needs help on the supply side. I give ideas. Biden wants to severely limit the 1031 Tax-Deferred Exchange for real estate investors. Only your first $500K of gains would be exempt from capital gains tax. This would cause a rush of sales in the real estate market. It would also hurt long-term liquidity for larger apartment buildings. Zumper’s National Rent Report shows substantial rent increases in many Midwest and South real estate markets. I detail them. Next, Kristin B. Tate tells us why printing trillions of dollars means that investors should get out of the dollar. We discuss Joe Biden’s proposed increases to both income tax and capital gains tax. Kristin favors buying real estate assets to hedge against inflation: real estate, physical gold & silver, and cryptocurrency. Resources mentioned: Kristin B. Tate on Twitter: @KristinBTate Kristin B. Tate’s website & books: www.KristinBTate.com Show Notes: www.GetRichEducation.com/344 Zumper National Rent Report: https://www.zumper.com/blog/rental-price-data/ Get mortgage loans for investment property: <p style="text-alig
S1 E343 · Mon, May 03, 2021
Housing Shortage Crisis Deepens - Case Study With A Developer
Today, available homes are as scarce as a rare earth mineral. Under 500K homes are available for sale today, well below the historic 1M-1.5M at any given time Source: Federal Reserve. High demand exists independent of low inventory. Developers and homebuilders need years to help us build our way out. The development team of Rob Fuller and Jared Garfield tell us how today’s developers cope with the rising cost and unpredictable supply of: copper, lumber, PVC and other building materials. Their project in Colorado Springs, CO is in the path of progress. In 2019, U.S. News & World Report named the area the #1 Economy In America. The Denver Post stated that by 2050, Colorado Springs will be larger than Denver. (Wow) The project is 800 acres of higher-end homes on 2.5-acre lots. Homes start in the high $600Ks. That does not work for cash flow via direct ownership. This is not “spec building”. Homeowners have already funded with non-refundable earnest money. You can project a construction loan to the project yourself. Cash-on-cash returns are 9% to 15%, depending on the investment amount. $100K minimum. Learn more about this project at www.GetRichEducation.com/ColoradoSprings . Investors have substantial guarantees and financial buffers. This is an A+ real estate asset class. You can view weekly project drone footage. On-site visits are available. I might attend one where you could meet me in-person in Colorado Springs . Resources mentioned: Private Lending in the Path Of Progress: GetRichEducation.com/ColoradoSprings U.S. Active Home Listing Count: https://fred.stlouisfed.org/series/ACTLISCOUUS Show Notes: www.GetRichEducation.com/343 Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF <p style="text-align:
S1 E342 · Mon, April 26, 2021
Ken McElroy - Inflation, Mortgage Rates, and Home Prices
Three reasons NOT to buy income property: 1) It is illiquid. 2) Speculative mania without cash flow. 3) You want zero involvement. With that understanding, direct ownership of rental real estate still has the best risk-adjusted return today. President Biden wants to keep people in their homes. He doesn’t want residents removed from their homes under his watch - both homeowners and renters. Higher mortgage interest rates lead to both higher prices and lower supply. This is counterintuitive to many. I explain why. The last six times that interest rates rose in America, housing prices rose too. I read the menu prices from McDonald’s restaurant in 1974. It makes inflation’s effect apparent. Then Ken McElroy joins me. Together we discuss how inflation affects consumers and real estate investors from an in-person video at his Scottsdale, AZ office. Ken reminds us how high inflation can go. It was 15% for a time in the 1980s. Resources mentioned: KenMcElroy.com Show Notes: www.GetRichEducation.com/342 Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or:
S1 E341 · Mon, April 19, 2021
Affordable Tiny Homes In Tropical Highlands
These homes are tiny, eco-friendly, and affordable, with the option of having smart home technology. Panama has friendly people, safety, a low crime rate, and robust economy. Organic food is grown on-site, recycled graywater waters your garden, there are community orchards, hiking trails, a yoga area, bird-watching stations, pool, river, and a sense of community. This tiny home community in the highlands often experiences temperatures in the 70s and 80s fahrenheit. It is a lush greenscape, not close to the beaches. These tiny homes have 300 - 600 sf of interior space. Rachel Jensen joins us to tell us more. Only a few tiny homes are available now at: www.getricheducation.com/tinyhomes Foreign owners can get full title to their property. You can earn rental income from your tiny home, with in-house property management. You can fund your property via: all-cash, 50% loans, 80% loans, IRAs, gold, or cryptocurrency. Property prices start at $119K. Second residency in Panama is an option for property owners. The next property tour is June 23rd - 27th, 2021. Learn more and get the report at: www.getricheducation.com/tinyhomes Resources mentioned: Panama Tropical Tiny Homes: www.GetRichEducation.com/TinyHomes Show Notes: www.GetRichEducation.com/341 Get mortgage loans for investment property: RidgeLendingGroup.com <p style="text-align
S1 E340 · Mon, April 12, 2021
Do Homeowners Really Build Wealth? - with Daniel Amerman
Your home is a liability, not an asset. That’s according to Robert Kiyosaki. This is because your home takes money out of your pocket every month. An asset puts money into your pocket. Today’s guest, author and economist Daniel Amerman , has a different perspective. He states that forces like inflation and a mortgage (leverage) make your primary residence a strong investment vehicle. Daniel’s research shows that historically, homeowners nearly double their equity in three years, triple it in seven years, and quadruple it in ten years (80% LTV loan). We discuss whether home price increases are derived from appreciation or inflation. First, I remind you why financially-free beats debt-free. Convert equity to cash flow. Extra mortgage principal paydown does the opposite - it converts cash flow to equity. Classically, on a balance sheet, your home is an asset. Remember that a homeowner’s return is not generated from equity. It is generated from the local housing market. Hear my rant about how carpet beats hardwood floors. Resources mentioned: Daniel Amerman’s website: www.DanielAmerman.com Show Notes: www.GetRichEducation.com/340 Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com <span style=
S1 E339 · Mon, April 05, 2021
Low Mortgage Interest Rates For Income Property with Caeli Ridge
Learn how to bring as little money as possible to the property closing table. Ridge Lending Group President Caeli Ridge tells us how to do this. She also predicts the future interest rate direction. Mortgage interest rates hit all-time lows three months ago. Freddie Mac has tracked rates since 1971. The 30-year fixed rate mortgage debuted in America in 1948. It’s an incredible tool that few, if any, other world nations have. Before this, it took a 50% down payment and refinancing every 3-5 years. Mortgage rates have been falling for 700 years! From the year 1311, we look at interest rate history in the French Crown, Spanish Crown, Italian merchants in Milan, Genoa. The latest marker of today’s low housing supply is the fact that there are currently more real estate agents than available homes. Is rush hour traffic a thing of the past? We explore this. Caeli Ridge helps us understand the ominous new 7% Fannie Mae funding limit on single-family mortgages on second homes and investment properties. Result = higher loan prices. Does it make sense to pay discount points at the closing table? Discount points are like prepaid interest. We explore pros and cons. Often, a seller can pay up to 2% of your purchase closing costs. Caeli predicts the future direction of interest rates. I’m refinancing properties with Ridge myself right now. Start at: www.RidgeLendingGroup.com Resources mentioned: Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/339 Early 1900s Mortgage Rate Charts: https://www.thetruthaboutmortgage.com/check-out-these-mortgage-rate-charts-from-the-early-1900s/ Interest Rates Have Been Falling For 700 Years: https://www.visualcapitalist.com/700-year-decline-of-interest-rates/ There Are More RE Agents Than Homes For Sale: https://www.wsj.com/articles/new-realtors-pile-into-hot-housing-market-most-find-it-tough-going-11616328002 New C
S1 E338 · Mon, March 29, 2021
Why Asset Prices Should Keep Surging with Richard Duncan
The Fed is about to unleash a tidal wave of liquidity that you probably don’t know about. I was recently at my favorite Mexican takeout restaurant. It was the first time they began asking for tips. This is inflation. It is likely not measured in CPI or Core PCE. Richard Duncan from MacroWatch joins us to discuss how the coming monetary tsunami will stoke asset prices. This can continue the “price runup party” in real estate, stocks, crypto, and other assets. Key learning: The Fed changes inflation policy when they see wage price growth, not commodity price growth. Inflation won’t be high enough to cause interest rates to rise anytime soon. We know that the Fed currently creates $120B per month. What few know about is the new, simultaneous $900B that the Fed is releasing from their Treasury General Account by the end of June. More currency + monetary velocity = inflation? No. Richard says there’s more to it, like credit expansion. The newly passed $1.9T American Rescue Plan, plus a new Biden-proposed multi-trillion dollar infrastructure bill could stoke inflation in the short to medium-term. Richard does not believe high inflation is sustainable long-term. Get 50% off Richard Duncan’s “MacroWatch” when you use Discount Code “GRE” at: www.RichardDuncanEconomics.com Though consumer price inflation should stay low, a lot of asset price inflation should continue. Richard also reveals a scenario where interest rates could decline. Resources mentioned: Get 50% off MacroWatch. Use Discount Code “GRE”: www.RichardDuncanEconomics.com Show Notes: <a href= "https://www.getricheducation.com/33
S1 E337 · Mon, March 22, 2021
Where Has All The Housing Gone? Here.
With shrinking national housing supply amidst surging demand, some investors cannot find sufficient inventory. People are moving to places like: Texas, Tennessee, and Florida. Suburban properties have higher appeal with today’s work-at-home trends. New construction properties in infill areas have advantages: an established area, neighbors with equity. Learn about a system to help keep your property taxes discounted. With all this in mind, learn about what capitalizes on all of these trends - and there’s available inventory. Purchase prices are from the $140Ks & up - new construction - SFHs up to fourplexes and larger. Who knows how long this will last? Get started at: GetRichEducation.com/Texas . You will receive a report and an invitation to a live Texas properties webinar with me this coming Friday, March 26th at 3PM ET. Resources mentioned: Show Notes: www.GetRichEducation.com/337 Learn more & attend Friday’s Texas properties webinar: www.GetRichEducation.com/Texas Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF <span style= "font-size: 10
S1 E336 · Mon, March 15, 2021
It Begins With Honesty. I’m Sorry. This Is The End.
I hope that it changed you. Don’t quit your daydream. -Keith Resources mentioned: Show Notes: www.GetRichEducation.com/336 First American Real HPI: https://www.firstam.com/economics/real-house-price-index/ Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter <span style= "font-
S1 E335 · Mon, March 08, 2021
Ken McElroy - How To Get Money For Your Property
To get money for real estate, you don’t always have to save up every dollar yourself. You can use: Equity from another property - my favorite Seller-paid closing costs Seller financing House hacking Rent income from duplexes and fourplexes Lease-Purchase Agreement Mortgage assumptions Seller-held second mortgages Syndication Partnerships Ken McElroy joins me to discuss how to attract investors to your real estate deal and more. He outlines borrowing from your 401(k) and using your retirement plan for real estate. Teach others about what you know. Just give with nothing in return expected. People will trust you later when you have a real estate deal. Resources mentioned: Ken’s free resource: www.kenmcelroy.com/getricheducation Show Notes: www.GetRichEducation.com/335 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recomme
S1 E334 · Mon, March 01, 2021
Is A Housing Crash Imminent?
Will a housing price crash occur when homes can be foreclosed upon again? Sean O’Toole of PropertyRadar.com and I compare 2007’s housing crash with 2021’s health crisis-related recession. “Home prices never go down.” That’s what many people said in 2005! Wrong. Learn the housing differences between the last recession and the current one: lending standards, housing supply, regulatory change, construction labor force, construction supply disruptions, household formation. Sean tells why we will not have a big dump of housing supply on this market anytime soon. There will still be some delinquent homeowners after the forbearance period ends. The Biden Administration plans to work with borrowers that have federally-backed mortgage companies and provide them with repayment plans. Prediction from Sean: mortgage rates will dip below 2%. Resources mentioned: PropertyRadar.com Show Notes: www.GetRichEducation.com/334 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: <a href= "https://
S1 E333 · Mon, February 22, 2021
High-Yield Cash Flow through Private Lending with Dani Lynn Robison
If you hold a savings account, you’re a lender. You lent money to the bank and they pay you under 1%. You can lend for real estate, get a 6-12% cash yield with low hassle, and hold real estate as collateral. This is some of the most passive, hassle-free income in all of real estate. Learn more at: www.getricheducation.com/lending Typically, a real estate company seeks to: buy a distressed home for $50K, pay another $20K to rehab it, then sell it for a profit. That $70K is what they seek private lenders for. This means that the real estate company can provide the distressed seller with a quick, all-cash closing. (Remember, these properties can’t be financed with banks.) Loan duration is often twelve months. Dani Lynn Robison of Springboro, Ohio-based Freedom Real Estate Group tells us how Private Money Lending works. Everyday investors like you can fund this with cash, retirement accounts and HELOCs. Resources mentioned: Begin with Private Lending at: www.GetRichEducation.com/Lending Show Notes: www.GetRichEducation.com/333 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: <p style="text-align:
S1 E332 · Mon, February 15, 2021
Financial Freedom With Four Single-Family Homes
Today’s guest reveals how he gets $10,755 of monthly cash flow with four SFHs. They’re long-term rental tenants. Get our free newsletter here: www.getricheducation.com/letter I tell you why a man with $20 million of debt is a financial winner, making analogies to Brett Favre and Cy Young. Ryan Chaw of Sacramento, CA joins us. A full-time pharmacist, he’s age 29, on track to retire from real estate income by age 31. Unusually, he invests in California single-family homes (SFHs). It’s not an area known for cash flow. He rents them to carefully-screened college students. He self-manages, but hasn’t visited his properties in over a year. In areas like Stockton, CA, he gets $3,000 rent from a $300K SFH. Ryan uses his “PRIME” Method: P lacement of ads, R eview applicants’ social media, I dentify tenant type, M easure responsiveness, and E nsure proof of income. He has 17 tenants in four SFHs. Ryan gets money for down payments with his W-2 job. He also uses a HELOC to reset his leverage and create arbitrage. He travels the world too. He won’t delay all gratification. Resources mentioned: Show Notes: www.GetRichEducation.com/332 Ryan Chaw’s free guide: www.NewbieRealEstateInvesting.com Mortgage Loans: <a href= "http://www.r
S1 E331 · Mon, February 08, 2021
How To Never Leave Money On The Table - Negotiating with Chris Voss
Hear a mock negotiation between Chris Voss & I for a fourplex building today! The former lead international hostage negotiator for the FBI, Chris is now America’s top negotiation coach. In a negotiation: Who goes first? Does “anchoring” work? In real estate, terms are often more important than price. “Never be so sure of what you want that you wouldn’t take something better.” -Chris Voss, today's show He does not use the term “win-win”. It’s a giveaway that someone is trying to pick your pocket. The “other side” always has hidden cards that could benefit you. Be curious. A positive mind frame makes you 31% smarter. At times, it helps to address “fairness” at the beginning of a negotiation. Let the word “no” out softly. If there’s an elephant in the room, address it. Chris uses the “mirroring” technique on me. He makes me think that conceding was own idea! Amazing. He has free negotiation resources for you. For his newsletter, text blackswanmethod to 33777. Outside the U.S., go to: www.blackswanltd.com Silence and humor are effective negotiation techniques in certain situations. I tell Chris my favorite negotiation line and get his opinion: “What flexibility do you have?” Resources mentioned: Show Notes: www.GetRichEducation.com/331 Get free newsletter from Chris Voss: U.S.: Text blackswanmethod to 33777 Outside U.S.: www.blackswanltd.com</
S1 E330 · Mon, February 01, 2021
How To Grow Your Property Portfolio
After your first 10 rental properties, what comes next? Buying more than 10 financed properties of 1-4 units often incurs an interest rate about 2% higher. Apartment buildings of 5+ units is an option. You can become a real estate syndicator. It is sophisticated. This means you identify a big real estate complex and attract other investors’ money to the deal. Syndications often SEC-regulated. To attract investors, you must also build your brand. You can be a private money lender with a stable 10% cash-on-cash return. Real estate is your collateral. See: www.getricheducation.com/lending With agricultural real estate, the trees are the tenants. They don’t vacate the property and they’re low maintenance. The asset literally grows; land is titled to you. See: www.getricheducation.com/teak “Family offices” manage wealth for affluent families and individuals. They might cost $1M per year, meaning you’d often need assets of $100M+. Direct real estate investors “feel the bumps”. I recently had a truck accident-damaged property that was in disrepair for 9 months! This year, John Burns RE Consulting predicts existing home prices to rise +8%, new homes +9%. It took Tesla 17 years to make a profit. You often do this in 1 month with real estate. Damion Lupo drops by with crucial eQRP updates. An eQRP lets you: invest your retirement funds in nearly anything, $58,000 annual contribution limit, no custodian, and avoid a 37% UBIT tax hit (like you have with SD-IRAs). Resources mentioned: Get the free eQRP book; text “EQRP” in all capital letters to: 72000 Great turnkey provider for beginners: www.MidSouthHomeBuyers.com Rare provider with 1% rent-to-price ratio: www.GetRichEducation.com/Dayton Private Money Lending: www.GetRichEducation.com/Lending Teak hardwood trees: www.GetRichEducation.com/Teak New fourplexes in West: www.GetRichEducation.com/Fourplex New fourplexes in Southeast: www.GetRichEducation.com/Southeast Turn $100K into $300K in f
S1 E329 · Mon, January 25, 2021
Ken McElroy | What Real Estate Investors Must Know Today
Joe Biden’s economic plan for real estate investors is detailed. Expect: higher income tax, extended eviction & foreclosure moratoriums, $15 minimum wage, $15K first-time homebuyer tax credit, more stimulus checks. Can landlords still evict tenants for non-payment of rent? Yes. I explain how. With all this money printing, I expect inflation to stay low due to low velocity. Ken McElroy joins me again today. He’s the Rich Dad real estate advisor. Migration patterns per U-Haul favor these top 5 states: TN, TX, FL, OH, AZ. #1 for out-migration last year was CA. 72% of people move within the same state, per Ken. Today’s tenant trends: Larger units, security gates, pets, outdoor lighting, small yards, remote rent collection. Proximity to central business districts is less important. Pets attract seniors. Ken has increased income by embracing pets, and reduced expenses by requiring that tenants have Renters Insurance. Learn about how he handled recessionary apartment income disruptions for his investors. Resources mentioned: See Ken McElroy’s predictions video: www.KenMcElroy.com/GetRichEducation Show Notes: www.GetRichEducation.com/329 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co
S1 E328 · Mon, January 18, 2021
Why Today’s Hottest Housing Niche Is Build-To-Rent
My housing prediction for the next few years is revealed at the beginning of the show. Learn why higher interest rates mean less housing supply. Learn how to buy new construction income properties as inexpensively as $169K at: www.getricheducation.com/southeast Last year: Real estate was up 11%, mortgage rates fell from 3.72% down to 2.67%, inflation fell from 2.5% to 1.4%, S&P 500 up 16%, dollar weakened, bitcoin surged 400%+, gold & silver had their best years since 2010, oil down 21%. “Build-To-Rent” (B2R) means that properties are constructed with tenant-occupants, not owner-occupants. Durable finishes are used, like cement hardie board, vinyl plank flooring, and granite countertops. B2R single-family homes as low as $169K (new construction). Duplexes, triplexes, and fourplexes are also offered in Florida and Georgia at: www.getricheducation.com/southeast Tenants in these B2R properties often have incomes of $100K+. Today’s renters want a yard, even if it’s small. They don’t want a fireplace. With remote working trends, proximity to an urban area is now less important. Resources mentioned: Build-To-Rent FL & GA property: www.GetRichEducation.com/Southeast Show Notes: www.GetRichEducation.com/328 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co <p s
S1 E327 · Mon, January 11, 2021
Debt-Free Is Dumb
Has “debt-free” now become a poverty marker? Debt is good when: 1) The interest rate is lower than inflation, and 2) When tenants pay your debt for you. Get our free “Don’t Quit Your Daydream” Letter at: www.getricheducation.com/letter Home equity is: unsafe, illiquid, and its rate of return is always zero. If you pay an extra $100 toward your mortgage principal, you just converted your cash flow to equity. That’s the opposite of financial freedom. Learn myriad reasons for removing equity from property: a litigious society, natural disasters, job loss, and more. Paying down your low interest rate debt won’t create wealth. But using debt to create residual income streams can. More equity = more risk. Why would you even want to be debt-free? Resources mentioned: Show Notes: www.GetRichEducation.com/327 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: <span style=
S1 E326 · Mon, January 04, 2021
Why Fourplexes Are Special Wealth Creators
The largest building you can buy with the best loan terms is a residential four-unit building. Noticing high fourplex demand years ago, one savvy developer has been successfully providing new build-to-rent fourplex communities in the U.S. Intermountain West. Get the report and connect with the provider at: www.getricheducation.com/fourplex These often have a price point of $750K or more, and require a 25% down payment. You’re rewarded with Fannie / Freddie 30-year loans at low interest rates. High-growth Utah, Idaho, and Arizona markets are served with these new construction fourplexes. Learn how a developer selects land tracts at the edge of metro areas. I use what is considered a profane term in the industry. Resources mentioned: New Build-To-Rent Fourplexes: www.GetRichEducation.com/Fourplex Show Notes: www.GetRichEducation.com/326 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: CashFlowAndGrowth.com <p style
S1 E325 · Mon, December 28, 2020
A Remarkable Year In Housing, How You Can Achieve Any Goal
A summary of major housing and economic stories this year. Then, a framework for how you can achieve any goal is revealed. Our own Aundrea Newbern joins me. She describes her concrete goal of going from her current $10K up to $30K of monthly residual real estate income. Get our free “Don’t Quit Your Daydream Letter” here: www.getricheducation.com/letter Resources mentioned: Show Notes: www.GetRichEducation.com/325 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: <a href= "https://
S1 E324 · Mon, December 21, 2020
How To Find Deals At Property Foreclosure Auctions
Learn mistakes to avoid and how to buy a distressed property at a discount at a foreclosure auction. First, the average borrower now has $194K in home equity due to high recent home price appreciation. Only 3% have a negative equity position. Freddie Mac shows home prices up 9.7% year-over-year. First American’s Real House Price Index accounts for home prices, interest rates, inflation, and affordability. The surprise? Real prices are down 26.8% since January 2000. Today’s guest, Colin Murphy , is an acknowledged expert in buying properties at foreclosure auctions. He reveals how it works in some Florida counties. Death, divorce, drugs, and unemployment can all lead to a borrower missing mortgage payments and having their property fall into foreclosure. Foreclosure auctions have moved online in states like Florida (but not Texas). Often, you must give a 5% deposit at bid time, 95% balance paid same-day. 2 minutes of bidding per property. Learn how high one should bid on a foreclosure property. You can find mortgage, lien and permit information online. You must know how to estimate renovation costs. Assume the worst. Foreclosure moratoria have created low inventory levels in the market. Resources mentioned: More about Colin Murphy: ColinInvestments.com FATCO’s Real House Price Index: https://www.firstam.com/economics/real-house-price-index/ Recent Homeowner Equity Gains: https://www.cnbc.com/2020/12/10/homeowners-gain-1-trillion-from-pandemic-driven-housing
S1 E323 · Mon, December 14, 2020
How To Qualify For A Mortgage Today with Caeli Ridge
The deal is the debt. Why? Because mortgage rates are at all-time lows. People are buying property like crazy. Learn why 30-year fixed rate mortgages are a great deal for the borrower and a bad deal for the lender. Caeli Ridge, President of Ridge Lending Group , tells us about qualifying for income property loans today. Your first 10 loans single / 20 loans married for 1-4 unit properties have the best rates and terms: 20-25% down, 50% max. DTI, super low interest rates. For more loans, called “non-QM” loans: $135K minimum size, 75% LTV, higher interest rates. Opinion: Fannie & Freddie will stay in conservatorship, keeping mortgage rates low. Conforming loan limits will increase from $510,400 to $548,250 (SFH), and higher for 2-4 unit properties. Rate & term refinances - SFH: 80% LTV | 2-4 unit: 75% LTV Cash out refinance terms - SFH: 75% LTV | 2-4 unit: 70% LTV We get an update on appraisal climate. I educate you on the three appraisal approaches: cost, income, comparison. Ridge does loans in 43 of the 50 states, all except: AK, ME, ND, NY, VT, WV, WY. Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Phone: (855)747-4343 E-mail: info@ridgelendingroup.com Show Notes: www.GetRichEducation.com/323 Top Properties & Providers: <p
S1 E322 · Mon, December 07, 2020
Real Estate vs. Bitcoin
How would you value a four-plex in bitcoin? The world’s largest cryptocurrency, bitcoin, needs more stable pricing to gain faith for widespread currency use. Crypto pros: Generational, international, blockchain, increasing faith. Crypto cons: Security, not widely accepted, short history, volatile, government intervention fear, no price bottom. Learn the pros and cons of buying rehabbed & tenanted turnkey property vs. doing it all yourself. Find property here: www.GREturnkey.com Three big reasons people don’t invest in real estate: They don’t understand the rates of return. They don’t know about turnkey real estate. Many think you must be a flipper or landlord. Turnkey pros: Save time & hassle, leverage economies of scale, leverage professionals, geo-diversification. Turnkey cons: Higher initial cost, risk of suspicious pre-placed tenants. I explain why it’s best to own properties in 3 to 5 different markets from www.GREturnkey.com . Resources mentioned: Show Notes: www.GetRichEducation.com/322 Top Properties & Providers: GREturnkey.com Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: <span style= "font-size: 10pt;"
S1 E321 · Mon, November 30, 2020
Booming Home Price Appreciation and Record Prices
A crystal ball prediction for the housing market does not exist. The best measure may be the forward-looking Homebuilder Confidence Index. It just hit an all-time high for optimism. Interest rate direction has little to do with housing prices. But it helps. Real estate is not an asset. Real estate derivatives are assets, whether it be a mortgage or a lease. Gregg Cohen of JWB Real Estate Capital joins us. He’s a longtime provider of new construction turnkey rental property in Jacksonville, FL. See their properties at: CashFlowAndGrowth.com We discuss how appreciation makes long-term real estate investors more money than cash flow, amortization, tax benefits or inflation-profiting. Resources mentioned: Jacksonville new turnkey property: CashFlowAndGrowth.com FHFA Home Price Index: https://www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx? Suburban Rents Rise: https://www.realtor.com/news/real-estate-news/race-for-space-pushing-up-suburban-rents/ Show Notes: www.GetRichEducation.com/321 CNBC on home price rise: https://www.cnbc.com/video/2020/11/13/rise-in-home-prices -will-be-tremendous-for-buil
S1 E320 · Mon, November 23, 2020
Wealth Destroyers: Inflation and Taxes with Tom Wheelwright
Learn how to keep insidious thieves from stealing your wealth - taxes and inflation. Higher taxes = lower inflation. I tell you why. The IRS does not recognize inflation in regard to capital gains. I discuss property tax, income tax, and sales tax state-by-state. Many coastal states have high property tax and income tax; southern states have high sales tax. A recent Harris poll showed that work-from-home types value saving money on lunch and gas more than being with their family or having extra time! (Geez.) Subscribe to our Don’t Quit Your Daydream Letter here . Tom Wheelwright joins me. Tax brackets are marginal, so use your childrens’ lower tax brackets. The last dollar you earn is taxed at your highest taxable rate. The first dollar of a tax deduction comes off your highest taxable rate. Tax credits beat tax deductions. Reducing your property tax can be fairly easy. Resources mentioned: Connect with Tom: www.Wealthability.com Show Notes: www.GetRichEducation.com/320 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marke
S1 E319 · Mon, November 16, 2020
How To Own A Tropical Tiny Home
Before you buy foreign property, consider: access in rainy season, infrastructure, water pressure, safety, community, and developer track record. Learn about a real estate performance bond and why it’s important. Own tropical tiny homes, including over-the-water property, as low as $92K. Start here: www.getricheducation.com/tinyhomes Subscribe to our Don’t Quit Your Daydream Letter here . These exotic, affordable homes in vacation destinations are in Belize, Nicaragua, and Panama - both beaches and mountains. As a foreigner, you can own full title to these Central American properties. These homes are truly “tiny”, often 300 - 400 square feet, a little larger than an RV. You can live in the property, or rent it out. The developer has been in business 20+ years. I personally met them nearly 5 years ago. You can get 50 - 80% financing. Use self-directed IRAs, gold, or crypto for purchase. To get started, get the Tropical Tiny Homes Report and contact the provider through: www.getricheducation.com/tinyhomes Resources mentioned: Tropical Tiny Homes Report & Provider Contact: www.GetRichEducation.com/TinyHomes Show Notes: www.GetRichEducation.com/319 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: <p style="text-
S1 E318 · Mon, November 09, 2020
The Highest Cash-Flowing Investment Known
In this recession, people still ask me how housing prices and demand are surging. I explain. Then, I discuss the highest cash-flowing hands-off investment I’ve ever heard of. Learn more here . Subscribe to our Don’t Quit Your Daydream Letter here . Cash use is increasing, not declining. In fact, the CEOs of PayPal and Venmo even say that cash will be in use for decades. An individual investor like you can own a lot of 6 ATMs. ATMs are profitable because some users pay a $2-$3 surcharge to access a $20 bill. $2,184 is your monthly cash flow. The operator has never missed a monthly payment nor their pro forma projection. ~19% ROI plus tax benefits like bonus depreciation. In the pandemic, some ATM locations have fared worse, like airports; some better, like a Walgreens. Many people want to withdraw & store money in the pandemic. If you’re an accredited investor, learn more about ATM investing and contact the provider through: www.GetRichEducation.com/ATM Resources mentioned: For ATM Report & Provider Contact: www.GetRichEducation.com/ATM Show Notes: www.GetRichEducation.com/318 Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72
S1 E317 · Mon, November 02, 2020
Hal Elrod Turns The Impossible Into The Inevitable
“Miracle Morning” author Hal Elrod tells us that to turn the impossible into the inevitable, you need unwavering faith and extraordinary effort. Subscribe to our newsletter here . “The Miracle Morning” has been translated into 37 languages and sold more than two million books. More than 500,000 people actively practice his work daily. Hal overcame a car accident where he was clinically dead, then a rare form of cancer. This made him genuinely grateful for every moment thereafter. In your life, you will pursue what you feel is probable, not possible. The purpose of your goal is not to reach a goal. It’s to attain the qualities and characteristics of becoming the best version of yourself on your way there. Hal’s new book is called “ The Miracle Equation ”. Resources mentioned: Show Notes: www.GetRichEducation.com/317 Hal Elrod’s website & books: The Miracle Morning Book recommended by Hal: Man’s Search For Meaning - Victor Frankl Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will r
S1 E316 · Mon, October 26, 2020
Why The Housing Crisis Will Worsen - Keith’s Prediction, Guaranteed Rent Income with GRE’s Aundrea Newbern
Will home prices stop rising soon? No. I tell you why. It’s my prediction. Subscribe to our newsletter here . Four reasons home prices will keep rising in the short and intermediate-term are: Undersupply. America is already undersupplied 2.5 - 3.3 million housing units. Pent-up demand. More 18-29 year-olds live with their parents now at any time since The 1930s Great Depression. When they get jobs & move out, pent-up housing demand will be released. Homebuilder roadblocks. The top factor is wildly elevated lumber costs that has made some builders stop building. Population growth. America grows at 4,800 people every day, nearly 2 million annually. Many Americans have been suffering from a lapse in federal pandemic stimulus relief. Hear a Nancy Pelosi clip about this. I discuss hands-on ways to improve your properties’ appeal: paint, flooring blemishes, light fixtures, cabinets, vanities, front door. GRE’s own Aundrea Newbern joins us. Learn about finding properties and tenants with guaranteed rent income. You can find these properties and tenants at: GetRichEducation.com/Section8 Concerns about the HUD Section 8 Program are: you must screen tenants harder, property inspections from the HUD case manager. Section 8 tenants have more motivation to pay rent because they don’t want to lose their housing voucher. They have longer tenancies and are less demanding during tenancies. If you’re pre-qualified for a mortgage loan and want investment property with guaranteed rent income, start at: GetRichEducation.com/Section8 Resources mentioned: Show Notes: www.GetRichEducation.com/316 Find Section 8 properties & tenants: www.GetRichEducation.com/Section8 Get the Don’t Quit Your Daydream Letter: www.getricheducation.com/letter CNN: Blitzer, Pelosi on stimulus: https://www.cnn.com/videos/politics/2020/10/13/nancy-pelosi-intv-stimulus-bill-trump-offer-coronavirus-tsr-vpx.cnn Post free to find Section 8 tenants: GoSection8.com U.S. and World Population Clock: <p styl
S1 E315 · Mon, October 19, 2020
How To Avoid Real Estate Scams with Garrett Sutton
Learn how to avoid getting ripped off from a: Vacant land scam Foreclosure relief scam Loan flipping scam Escrow diversion scam Rental ad scam Common consumer scams More Subscribe to our newsletter here . Asset Protection Attorney Garrett Sutton joins us for the fourth time on the show. His new Rich Dad Advisor book, Scam-Proof Your Assets , releases this month. Scammers sell other scammers lists of names of gullible people. Tell scammers that you want to share their deal with your attorney or CPA. They’ll run away. Those that get scammed tend to be: less educated, vain, both young & old, crave a good deal, feel isolated, and are more impressionable. Scammers are often someone you already know; they’re close to you. Resources mentioned: Garrett Sutton’s New Book: Scam-Proof Your Assets Corporate Direct for LLC Formation: 1-800-600-1760 CorporateDirect.com Report and track scams at: ftccomplaintassistant.gov Mortgage L
S1 E314 · Mon, October 12, 2020
How To Find Your Real Estate Vision and Strategy
Your goal might be $15K of monthly real estate income and a $3M net worth within twenty years. To achieve this, I explain why getting trapped in the future is as bad as getting trapped in the past. Start early, understand there will be bumps in the road, don’t overanalyze, the worst case scenario almost never occurs, and don’t “time the market”. Today’s guest offers both rehabbed and new construction rental homes in a thriving market where the numbers work - west Florida. If you’re pre-qualified for a mortgage (or paying all-cash), get started buying investment property at: GetRichEducation.com/WestFlorida . Buying one property, one time won’t change your life. When you’re young, you’re more likely to want a low-priced rental property with higher cash flow and higher maintenance = existing construction. When you’re older, you’re more likely to afford a higher-priced rental property with lower cash flow and less maintenance = new construction. House flippers have spending money; buy-and-hold investors build real wealth. At its core, it’s simple - rent houses to people. Resources mentioned: West Florida Income Property: GetRichEducation.com/WestFlorida Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. <p style="text-align: center
S1 E313 · Mon, October 05, 2020
Trump vs. Biden Tax Plans with Tom Wheelwright
Learn how income tax rates, capital gains tax rates, the 1031 Exchange, the estate tax and more will change - or not. The outcome depends upon whether Donald Trump gets a second presidential second term or Joe Biden is elected as the new president. Subscribe to our weekly newsletter here . Tom Wheelwright, the most recurrent guest in show history, joins Keith. He’s the world’s foremost expert at reducing your taxes permanently. He can help you at Wealthability.com Resources mentioned: Tom’s company: Wealthability.com The Tax Foundation: www.taxfoundation.org Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties &
S1 E312 · Mon, September 28, 2020
Bubble Danger, Money Is An Abundant Resource, Real Estate Tech with Dr. Michael Ehrlich
You can only have one job. But you can own as many rental properties or vending machines as you want. Trillions flow through the economy. Build a device to divert this flow to you; you'll see that money is an abundant resource. Dr. Michael Ehrlich from NJIT’s Martin Tuchman School Of Management joins us to discuss asset bubbles and real estate technology. We discuss financial bubbles, narrowing credit spreads, debt, overleveraging, NYC overbuilding and financial technology. Dr. Ehrlich is a general advocate of borrowing for cash-flowing residential real estate today. Solutions to avoid bubble damage include: residential real estate, water, agriculture, even connectivity. I discuss real estate technology: 3-D printed homes, autonomous cars, iBuying, indoor drones, virtual tours & staging, remote online notarizations. Subscribe to our weekly newsletter here . Resources mentioned: NJIT’s Martin Tuchman School Of Mgmt.: https://management.njit.edu/ Dr. Michael Ehrlich e-mail: ehrlich@njit.edu iBuyer: Opendoor.com Virtual staging: Rooomy.com Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in
S1 E311 · Mon, September 21, 2020
Get Ready For The Bidding Wars with GRE's Aundrea Newbern
What does the CDC eviction ban really mean to you? Learn how to win home price bidding wars in today's hot market. GRE's own Aundrea Newbern joins us! Besides working with GRE, Aundrea is an active RE agent in Brunswick, GA. She owns 28 rental doors and has her MBA in Finance. She owns long-term rental SFHs and apartments, including some Section 8 tenants. She self-manages. Rock & Roll Hall Of Famer Flavor Flav “drops in” to congratulate the show on 3 million listener downloads. Aundrea tells you nine ways to avoid being outbid in today’s hot real estate market: 1 - Pick a buyer agent that’s courteous to the selling agent. 2 - Write a letter or send a video to the seller. 3 - Agree to use the seller’s preferred title agent, lender. 4 - Offer more than the asking price. 5 - Offer more earnest money than the customary 1-2%. 6 - Add an escalation clause. 7 - Simply ask what it takes to get your offer accepted same-day. 8 - State that you’ll pay out of pocket in case there’s a low appraisal. 9 - Consider waiving the inspection. (This is risky.) Subscribe to our weekly newsletter here . Resources mentioned: CDC Eviction Moratorium: https://www.nytimes.com/2020/09/16/business/eviction-moratorium-renters-landlords.html Aundrea Newbern email: Aundrea@GetRichEducation.com <span style= "fo
S1 E310 · Mon, September 14, 2020
A Real Estate Winner Today: Florida New Build-To-Rent Homes
The pandemic has fueled remote work. A New Yorker paying $4,000 rent in a 1 BR apartment can now work from Florida, paying $1,500 rent in a 3 BR & 2 BA single-family home. Central Florida benefits from this in-migration. Florida has law that favors landlords, zero state income tax, a low cost of living, beach proximity and of course, warm weather. Get the report and learn more at: www.GetRichEducation.com/Orlando These Central Florida Build-To-Rent properties are brand new. They often appraise for $5,000 to $10,000+ more than your purchase price. That’s built-in equity. Your rent-to-price ratio is often 0.8% to 0.9% for single-family rentals. The average tenant stay is 3+ years in this new construction. Get the report and learn more at: www.GetRichEducation.com/Orlando The growth and economic diversity in the region is astounding. The time is likely “now”: brand new construction, high rent occupancy, cash flow, low interest rates, low insurance premiums, low $160K - $220K property cost. Resources mentioned: Central Florida Build-To-Rent: GetRichEducation.com/Orlando Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. <p style=
S1 E309 · Mon, September 07, 2020
Is Homeownership A Scam? (Rent vs. Own)
Should you rent or own your home? Host Keith Weinhold reveals the biggest homeowner myths. Complete episode transcript below. Read along. Subscribe to our weekly newsletter here . Resources mentioned: Business Insider: Rent vs. Own: https://www.businessinsider.com/buying-a-home-instead-of-renting-isnt-always-better-for-your-savings-2017-11 Housing Wire: Homeowners Wish They Were Renting: https://www.housingwire.com/articles/49743-quarter-of-us-homeowners-wish-they-were-renting-instead/ Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Welcome to Get Rich Education. I’m your host, Keith Weinhold. Is homeownership a sham? Is it a rip-off? When it comes to the home that you live in yourself, is it better for you to pay rent to a landlord, or own that home yourself? For your primary residence, what should you do in your specific life situation? You’ll learn today … on Get Rich Education. ——————- Welcome to GRE! From Syracuse, Sicily, Italy to Syracuse, New York and across 188 nations worldwide. I’m Keith Weinhold, this is Get Rich Education. </
S1 E308 · Mon, August 31, 2020
Stocks Set To Fall By 80%, Home Prices Surge Above $300K - with Harry Dent
Where are the big investment risks today? Economic forecaster Harry Dent tells us. Despite pandemic-driven unemployment, tenants are largely paying the rent. The price of an existing American home is now $304,100, surging 8.5%. Lumber prices for a new home are up $16K since April. This increases the value of your property’s replacement cost. The new 0.5% adverse market condition fee for refinances is annoying. Learn how to avoid it. In the pandemic, real estate keeps shining. Harry Dent is fired up. He joins me to tell us why he thinks most assets are in a bubble: economics and demographics. His latest book is “Zero Hour”. Baby Boomers find renting to be more acceptable today. Harry predicts when stocks will fall 80-85%, a crash occurs, and about the profligacy of the Fed printing trillions in the pandemic. Resources mentioned: Harry Dent’s website: HSDent.com Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com <span style= "font-
S1 E307 · Mon, August 24, 2020
Why The Rich Are Getting Richer
The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law). Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high. (Entire episode transcript is below. Read as you listen.) In the pandemic, tenants want single-family homes more than communal apartments. Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee. Homebuilder sentiment is high? Why? High demand, low inventory, low rates. Stagflation is explained. It is a stagnant economy with high inflation. There are signs that inflation is poised to increase. Resources mentioned: Inflation Triple Crown video: https://youtu.be/dZojl686fU0 Section 8 turnkey property: www.GetRichEducation.com/Section8 Stagflation video: https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be Elevator Anxiety: https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete Ep
S1 E306 · Mon, August 17, 2020
Homelessness and Real Estate, Chicago Is World Class
You contribute to homelessness. I do too. The problem goes right through real estate. Factors include: NIMBYism, minimum wage, salamanders, smoke detectors, and rent control. (Complete transcript on homelessness segment below.) Then, Chicago is a world class city with lots of economic diversification. Chicagoland’s numbers make sense for real estate investors. In northwestern Indiana (suburban Chicago), you avoid the high cost of Illinois property. A typical SFH has $1,350 rent and a $125,000 purchase price. If you’re serious about building your cash-flowing portfolio, learn more and see property at: www.GetRichEducation.com/Chicago Resources mentioned: Chicagoland turnkey property: www.GetRichEducation.com/Chicago Environmental regulations & housing: https://www.huduser.gov/periodicals/cityscpe/vol8num1/ch5.pdf NIMBYism: Reason.com Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Welcome to Get Rich Education! I’m your host, Keith Weinhold, with a two-part show. Real estate is a s
S1 E305 · Mon, August 10, 2020
How To Survive A Horrific Economic Contraction with Anna Myers
GDP fell 33% annually, the unemployment rate is high, and even the Tokyo Olympics have been postponed, all pandemic-driven. Housing continues to hold up well. Nearly all assets are - gold, stocks, crypto, and some commodities. This is partly due to a weaker dollar. The gap between “haves” and “have nots” widens in the pandemic. 15-year mortgage rates fell below 2%. VP of Grocapitus , Anna Myers joins us to discuss real estate trends, market analysis, and where to invest for economic survival. Neither she nor I see a “V-shaped recovery”. I’ve been saying this for five months. Anna & I discuss real estate’s winners and losers in the pandemic. With more people having shakier job situations, fewer qualify for loans. This increases the renter pool. Winners: smaller cities, suburbs, e-commerce, tech, warehouses, places like Salt Lake City, Raleigh-Durham, Memphis Losers: high density places, hospitality, medical, oil, long-term college. Resources mentioned: Grocapitus.com MultifamilyU.com https://www-housingwire-com.cdn.ampproject.org/c/s/www.housingwire.com/articles/uwm-now-offering-15-year-fixed-mortgage-rate-as-low-as-1-875/amp/ Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co <span st
S1 E304 · Mon, August 03, 2020
How Money Really Affects Your Happiness, Design Your Lifestyle Through Real Estate
Income over $75K-$95K does not increase happiness. Earning over $105K actually decreases happiness. This is based on studies from Princeton and Purdue universities. Then what’s the point of building wealth? You get answers. These surveys do not consider replacing your active income with passive income. Matt Bowles of Maverick Investor Group joins us to discuss: market due diligence, pandemic changes, and how to use real estate to build lifestyle design. We also discuss changes to the rental market from 2007 to today. Ten years ago, you could buy properties for less than replacement cost. No longer. Markets like Phoenix, Dallas, and Atlanta have largely lost their investor-advantaged status. Check out Matt’s podcast, called: “The Maverick Show”. Resources mentioned: How Money Really Affects Your Happiness: https://www.cnbc.com/2020/05/26/how-your-salary-and-the-way-you-spend-money-affect-your-happiness.html Maverick Investor Group The Maverick Show: Podcast on Apple Podcasts, Spotify, etc. Remote due diligence: WeGoLook.com NeighborhoodScout.com </stron
S1 E303 · Mon, July 27, 2020
Do-It-Yourself Property Management
We compare do-it-yourself vs. professional property management. New home price annual sales volume spiked in June. There’s a scarce inventory of suburban SFHs. The co-founder of Avail , Laurence Jankelow joins us. Avail.co streamlines life for DIY property managers. Avail is free. It enables you to centralize your: rental listings & applications, tenant screening, credit / criminal / eviction reports, rent collection, maintenance tracking, and even rent price analysis. Becoming a landlord is like becoming a parent. There’s no certification course or degree required. You cannot violate Fair Housing Laws. Giving one tenant a break - and not another - could violate Fair Housing Law. Smart home technology often still does not exist for the most profitable long-term rentals. Rent collections during the pandemic continue to be greater than most people anticipated. Avail is best for landlords with 1-9 rental units. There is a general minimum standard for what landlords must furnish to tenants. It’s called an “Implied Warranty Of Habitability”. This includes: access to clean water, heat, electricity, sanitation, rodent-free, fire-safe, and meets local building codes. Resources mentioned: DIY Property Mgmt. Software: Avail.co New construction Florida income property: GetRichEducation.com/Orlando GetRichEducation.com/Jax GetRichEducation.com/Tampa <p s
S1 E302 · Mon, July 20, 2020
Five Ways Real Estate Pays You, Offensive vs. Defensive Investing
Learn how real estate pays you up to five ways simultaneously. Should you be playing offense or defense as an investor now? Learn how a return of less than 20 to 25% is disappointing. We’ll add up all five ways you’re paid and see what your Year One return is from: Appreciation, Cash Flow, Return On Amortization, Tax Benefits, Inflation-Profiting. See brand new construction SFRs and duplexes in central Florida at: www.GetRichEducation.com/Orlando Central Florida rent-to-price ratios are about 0.8%. Interest rates are at historic lows. What does late rapper Notorious B.I.G. have to do with real estate investing? You’ll see today. Kind of. **Complete episode transcript below. Read along as you listen.** Resources mentioned: New construction Orlando income property: GetRichEducation.com/Orlando Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Welcome to Get Rich Education. I’m your host, Keith Weinhold. There are seasons in your investor life where you either play offense or defense. What should you be doing now? … as we refresh the “Up To 5 Ways That Real Estate Simultaneously Pays You.” Anything less than a 20 to 25% rate of return in buy-and-hold real estate investing is disappointing. How can that be? Today, on Get Rich Education. ______________________ Welcome to GRE! From Asmara, (Air-UH-tree-UH) Eritrea to Ashtabula, OH and across 188 nations worl
S1 E301 · Mon, July 13, 2020
Will You Escape From A Depression? Inflation vs. Deflation with Richard Duncan
Stocks, real estate, gold, oil, inflation rate, and interest rate valuations are all updated after the first half of the year. Housing Wire tells us rents are up in: Memphis, St. Louis, Greensboro, Jacksonville, Columbus, Tampa, Cleveland, Kansas City, and Virginia Beach. I discuss where they fell. San Francisco rents just plunged 12%. Macroeconomist Richard Duncan of MacroWatch joins us to discuss depression chances, and inflation vs. deflation. For a 50% subscription discount on Richard’s MacroWatch video newsletter, use Discount Code “GRE” at: RichardDuncanEconomics.com . Fed intervention has prevented a COVID-induced economic depression (so far). We will need more to prevent depression. Hordes of dollars can be created by the U.S. because dollars are not tied to gold. Many Americans still don’t understand this. Recent currency creation has not caused high inflation. The Fed usually hit below their 2% inflation target. Could consumer price deflation create asset inflation? Yes. I describe deflation vs. inflation as a “tug of war”. Deflationary tugs: globalization, technology. Inflationary tugs: currency creation. Bottom line: Be invested in something that pays you five ways like real estate. Resources mentioned: Richard Duncan’s MacroWatch newsletter: RichardDuncanEconomics.com Use Discount Code “GRE” for a 50% discount. Mortgage Loans: RidgeLendingGroup.com <span style= "font-size: 10pt;
S1 E300 · Mon, July 06, 2020
Today’s Hottest Rental Type, Why Money Is A Taboo Topic
Homes with many small bedrooms are hotly desired today. Why? In an economic rough patch, people need roommates. Secondly, home offices are more popular than ever. Residents increasingly want yards today too. Gardening is popular as a hedge against disruptions in the food supply chain. This all makes single-family homes more popular than apartments. *The entire episode transcript is below.* The debt-to-income ratio requirement is positioned to be removed from qualified mortgages. Three listener questions are answered: 1) What about CapEx expenses? 2) What about all these property notices I get in the mail? 3) What happened to the coffee and cacao providers? I give you four reasons about why money is a taboo topic. Learn the least likely money topic that people are willing to discuss. The most I ever made at my day job was $108,000. People must stop equating net worth with self-worth. Resources mentioned: April Home Prices Grew 5.5%: https://www.housingwire.com/articles/u-s-home-prices-grew-5-5-in-april-despite-pandemic/ Why Money Is A Taboo Topic - Ally Bank survey: https://media.ally.com/2015-11-24-Holiday-Tip-Most-Americans-Say-Social-Conversations-About-Money-are-Taboo-According-to-Ally-Banks-Money-Talks-Study The Atlantic: Why Americans Don’t Talk About Money Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: <a href= "https://www.greturnkey.com
S1 E299 · Mon, June 29, 2020
Turnkey Behind-The-Scenes, Predictable Cash Flow via Private Lending
Turnkey RE providers must acquire distressed property at a discount in order to stay in business. We go behind-the-scenes and see how these companies really operate. They take risks, maintain relationships with myriad parties, coordinate contractors, bear holding costs, buy & store materials, screen & place tenants, and operate a management division. It’s a ton of work that investors can outsource to turnkey providers. They are professional fix & flippers. The “consumer-profit chain” helps you understand this. Dani Lynn Robison of Freedom Real Estate Group near Dayton, Ohio offers private lenders like you 8-10% cash-on-cash returns at www.GetRichEducation.com/Lending The funds are used to purchase and rehabilitate distressed property. They’re transformed into turnkey property. Your loan collateral is tied to a specific address. A note and mortgage is produced. You have first lien position. This provider has performed 300+ fix-and-flips since 2015. Get the report and connect with the provider for predictable 8-10% cash returns for four to twelve month terms at: www.GetRichEducation.com/Lending Minimum investment amount is $50K. You DON’T need to be an accredited investor. Resources mentioned: Private Lending with 8-10% cash return: www.GetRichEducation.com/Lending Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co <span style= "font-siz
S1 E298 · Mon, June 22, 2020
Financially-Free At Age 24, Hayden Crabtree
Learn how to “get rich for sure” versus “get rich quick”. You must diverge from the herd to get more out of life. Today’s guest, 24-year-old Hayden Crabtree , found that he owned more property than his college real estate professor. After college, he worked to learn rather than earn. He worked for free for over a year! That’s how he attracted a real estate mentor - by providing immediate free value, not “taking”. Hayden also values relationships, and structuring “win-win” deals. He authored the new book, “Skip The Flip”. House flipping is not real estate investing. Hayden, based in Athens, GA, focuses on self-storage units. Some family and friends will critique you for being different. Few understand financial freedom. He uses debt (leverage) to create wealth. Hayden is giving away his e-book free at: HaydenCrabtree.com/freebook Resources mentioned: Hayden’s book is free: HaydenCrabtree.com/freebook Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: <p style="text-ali
S1 E297 · Mon, June 15, 2020
Guaranteed Rent Income with Section 8 Housing
Pros and cons of getting paid a permanent government housing subsidy are explored. But first, I discuss your future in light of the current pandemic crisis - housing supply, 2020 vs. 2008 recession differences, economic “vaccine”, current 13.3% unemployment rate. “Section 8” is the primary federal government program that subsidizes three groups: low income, elderly, and disabled. It is HUD-sponsored. Cons: Tenant screening is vital, inspections. Pros: Longer tenancies, higher rent amount, lower vacancy rate, tenant wants to keep voucher. Learn more about owning renovated Section 8 housing with a manager that deal with the housing authority at: www.GetRichEducation.com/Richmond The housing authority typically pays most, not all, of the tenants’ rent. CNBC named Virginia of the #1 business state. Richmond is the capital of the 12th-most populous state. In Richmond, $1,300 rent and $145,000 purchase price (0.9% RV) is typical for SFRs suited to Section 8. Connect with the provider for “guaranteed rent” property at: GetRichEducation.com/Richmond Resources mentioned: Property with “guaranteed rent”: GetRichEducation.com/Richmond Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. <p style
S1 E296 · Mon, June 08, 2020
Pandemic-Era Property, The Geography Of Real Estate
College real estate is in deep trouble. Commercial leases of all types are in trouble because they often have 10-year terms. Who wants to make 10-year decisions today? Residential B and C-class SFHs up to four-plexes in the suburbs make a lot of sense today. We’ve had 33 recessions since 1860. They’re common. Mortgage rates hit all-time lows again, forbearance loosens, and entry-level housing supply is tight. Fed Chair Jerome Powell says negative interest rates aren’t being considered. He admits to printing money out of nothing (wow!) - and we listen to the audio. Redfin CEO Glenn Kelman tells us about urban-to-suburban migration. I discuss “The Geography of Real Estate”, clearing up many misconceptions about U.S. geography. Learn: Why the West Coast is warmer than the East Coast, the geography of property taxes and credit scores, NYC geography & air rights, Mississippi River importance, sinking cities, Texas facts, Pacific NW’s sparse population, California and Alaska myths. Trivia question: What is the world’s most populated island? Resources mentioned: Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com <stron
S1 E295 · Mon, June 01, 2020
This Is Your Last Life Ever
Making a lasting impact is rare. Get comfortable with being uncomfortable. You get more focus time by opting-out of life's needless direct message notifications. You get more cash flow by minimizing the amount of real estate principal that you pay down. The author of the popular new book, The Wealthy Gardener , John Soforic joins us. It is about lessons for prosperity between father and son. The book could make a great Father's Day gift. John has $20K of monthly real estate cash flow. Don’t strive for happiness. Strive for satisfaction; more happiness will result as a by-product, and you’ll be significant. John’s grandfather worked his body into the ground in a coal mine, 60 hours a week for 40 years, dying of black lung disease. John vowed to live a more meaningful life. John reveals: a 5-year crusade for wealth, why working a 40-hour job is not a sacrifice, how to stop selling your time for dollars. The top excuse why people don’t do more is: fear, not laziness. Resources mentioned: The Wealthy Gardener book: Amazon link Wealthy Gardener Website: https://wealthygardener.com/get-rich-education-with-keith-weinhold/ Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co <p style="text-
S1 E294 · Mon, May 25, 2020
Is This America's Most Recession-Resilient Market?
Deflation is occurring before long-term inflation is expected. When people stop buying things, manufacturers can’t charge enough, so they stop making products. This results in more layoffs. Our national debt is $26 trillion. It’s doubtful that it will ever be repaid. This is why The Fed must inflate. MidSouthHomeBuyers.com has provided our listeners with more cash-flowing property than anyone. They’ve renovated 2,600+ homes in Memphis, TN and Little Rock, AR. They then place a tenant and manage the property for you. In the pandemic, renters prefer single-family homes over apartments. What makes Memphis so resilient? Shipping, distribution, transportation, medical. Memphis’ rental sweet spot is $660 - $990 for this class of property. Sale price: $60K - $95K. These are decent homes. I’ve been inside them with both guests. In 2009, Memphis saw no rent drops or occupancy drops. Last year, they expanded into Little Rock, Arkansas. You can start with a Memphis home for just $14K-$19K with down payment and closing costs. Expect a wait list. This reputable, longtime provider is popular. Resources mentioned: MidSouthHomeBuyers.com USDebtClock.org Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “S
S1 E293 · Mon, May 18, 2020
Learn How To Increase Your Intelligence with John Assaraf
You really can gain intelligence in order to achieve wealth and success. Guest John Assaraf guides us in learning how. John is an expert in helping people achieve more. He grew RE/Max of Indiana to nearly $5 billion in sales. Success often comes from making “non-conforming” choices. I give you three examples of my own non-conforming decisions: moving from PA to AK, buying a four-plex, and even launching this show. “We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.” -Jim Rohn Commitment drives beliefs, which drive habits, which drives behaviors. How “you see yourself” matters. Strengthen your strengths and manage your weaknesses. You own the most powerful biocomputer in the world - your brain. Few exercise it enough. Learn how to manage fear. It’s one of your strongest emotions. Financial and emotional safety are being preserved. When you control your fear, you can respond rather than react. Resources mentioned: John Assaraf Websites: JohnAssaraf.com MyNeuroGym.com John’s book “Innercise”: Amazon link Check out John’s: Twitter: @johnassaraf IG: @johnassaraf Mortgage Loans: <span style
S1 E292 · Mon, May 11, 2020
Interest Rates Hit All-Time Low, Drive An Oldsmobile In Winnipeg, CARES Act with Damion Lupo
Learn the history of interest rates, 1971-2020. Mortgage rates just hit all-time lows. Tenants are generally reliably paying the rent during the pandemic. Why? Government pays their income; expenses are lower because they can’t travel anywhere to spend. They have more to spend on the rent. Unnecessary businesses are collapsing: spas, salons, theatres. More than half of mall department stores could be closed by next year, like Macy’s, JC Penney, Lord & Taylor. If you don’t have multiple income streams, the pandemic is harder on you. Chase and Wells Fargo have shut off new HELOCs. Learn about first and second lien positions, subordination. Will car sales tank? No. I play three cornball TV commercial ads from the 1980s about interest rates - GMAC financing, a car dealer in Winnipeg, Manitoba. Chicago is the rare world-class city where investor numbers make sense. I provide street addresses of two available turnkey properties in NW Indiana (Chicagoland). Damion Lupo joins us. With the CARES Act, you can access 401(k) funds more easily, and direct them into an eQRP. eQRPs can invest in: real estate with or without debt, syndications, rentals, flips, domestic land, foreign land, mobile homes parks, precious metals, mortgage notes, oil & gas, private money lending, options, franchises and more. Resources mentioned: QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Financial Underdogs on Apple Podcasts Two Chicagoland Turnk
S1 E291 · Mon, May 04, 2020
Could Home Prices And Rents Fall?
Can you count on rent collection in the pandemic? Could home prices drop? Is it better to buy property today, or say, six months from now? If you think that the pandemic will drag on for years and badly affect the economy, stay on the sidelines. Most think it'll bounce back this summer. I talk with guest Gregg Cohen , who helps manage 3,500 rental units in Jacksonville, FL for insight. Forbearance stabilizes housing values. Without it, some would have to sell their home. Many Florida residents are paid more from unemployment compensation than if they worked. This assists in rent collection. Gregg & his company offer you new construction Jacksonville, FL property. If your tenant cannot rent, they will pay your mortgage for you up to six months. This is only for GRE listeners that use this link: https://www.getricheducation.com/jax/ Resources mentioned: Jacksonville new construction property: GetRichEducation.com/JAX Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com </span
S1 E290 · Mon, April 27, 2020
Free Money? Mortgage Forbearance And You
You can postpone mortgage payments with forbearance. If you collect rent payments from your tenants, can you pocket it all and not pay your mortgage? What a windfall! (Complete episode transcript is below. Read along as you listen.) In crisis times, your cash flow is your cushion. Last year, the publication “Emerging Trends In Real Estate” forecast that the chances of a pandemic roiling the economy were low. The CARES Act’s effect is discussed. Payments follow five links in a chain: employer - renter - investor - mortgage servicer - mortgage-backed security holder. What’s the difference between a lender and a mortgage servicer? Ethics and greed. Are there deleterious consequences of forbearance? Resources mentioned: Read episode transcript at: www.GetRichEducation.com/290 CFPB Video on CARES Act: https://www.consumerfinance.gov/coronavirus/ cares-act-mortgage-forbearance-what-you-need-know/ Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Welcome to Get Rich Education. I’m your host, Keith Weinhold. You can potentially collect your rent income from tenants and then, turn around and NOT pay the mortgage loans on those properties for a few months, pocketing a nice profit. But should you? In the pandem
S1 E289 · Mon, April 20, 2020
Make Money By Following Migration Trends
Real estate investors should know something about Florida. Why? Migration. Navigating today’s property market takes more care than it did last year due to the pandemic. Primary residence buyers are being shut out. Investment property buyers are better off because “wannabe” homeowners must become renters due to higher mortgage qualification standards. To profit today, focus on your tenants income source and positive migration trends. Florida leads the U.S. in positive migration; it’s likely that the trend will continue. Why do people keep moving to Florida? Low cost of living, no state income tax, sun & warmth, job diversification & growth. New construction homes for investors are on infill lots, 4 bed, 2 bath homes are $250K. Greater Orlando & Central Florida attracts nearly 10,000 new residents every week - from The Space Coast in the east to Polk County in the west. Learn more at: www.GetRichEducation.com/Orlando New const. SFH prices start at $139,900 3/2/1 on ¼ acre. Duplexes and townhomes are also offered. __________________________ Resources mentioned: Get report & connect with provider: www.GetRichEducation.com/Orlando Ray Dalio on coronavirus economy: Video link Community & neighborhood ratings: niche.com Mortgage Loans: <a href= "http://www.r
S1 E288 · Mon, April 13, 2020
Is An Economic Depression Coming?
You get a clear answer to that question from both me and the Chief Economist of the oldest investment firm of its type in America, as he joins me today. Recession and depression differences are defined. Learn what created the 1930s Great Depression and 2000s Great Recession. You’re now living in what I call: “The Great Shutdown Of 2020”, induced by the coronavirus. This is an economic crisis on top of a health crisis on top of an oil shock. The Spanish Flu Pandemic of 1918 created a 7-month U.S. recession. Real estate flippers and developers are more at-risk than buy-and-hold investors. A doubling of the U.S. currency supply is possible in the next year or two, stoking inflation. I introduce the “Inflation Triple Crown” concept that benefits leveraged real estate investors. Brian Beaulieu, CEO and Chief Economist at ITR Economics since 1987, joins us to forecast your economic future amidst the current coronavirus pandemic. He says we’re in a recession now, thinks the economy begins growing again by 2020 Q4 with a “V” shaped recovery, and inflation accelerates in 2023. Brian forecasts interest rates’ direction, and tells us if we’ll have negative interest rates. He is bullish on buying real estate. I think that since America keeps writing checks for everything, then they should fund an initiative to rebuild our infrastructure. We need that anyway, and it puts people to work. Then, you would want to own real estate near those public works projects - new bridge, interchange, or port. __________________________ Resources mentioned: ITR Economics: https://itreconomics.com/itr-economics-podcasts <span style= "fon
S1 E287 · Mon, April 06, 2020
How To Invest In Timber
It grows through recessions. No tenants. No loans. Own trees and the land beneath it, titled how you choose. Experience growth in both the timber size, and often, value of your investment. A long-revered timber type is teak. Its natural oils make it unusually resistant to fire and termites. Demand - Today, teak is used in flooring, countertops, veneer, furniture. It’s been used in boatbuilding 2,000+ years. It was used on The Titanic. Supply - Teak is being harvested at 10x its replanting rate. I first learned about lumber in my youth when I spent a summer doing forestry and timber-marking work in upstate Pennsylvania. You can own teak trees and the land beneath it, ¼ acre at a time. Get started with your free Teak Resource Guide at: www.GetRichEducation.com/Teak Trees grow through recessions, wars, stock market crashes, and real estate market crashes. Teak expert and friend Rachel Jensen joins me in discussion. Plantation teak grows well in Panama and Nicaragua. Teak is native to southeast Asia and India. You can own teak at age: 0, 14, or even 20-year-old teak. Cash, bitcoin, IRA funds may be eligible for funding. There are discounts for GRE listeners. Teak field tours are offered. Investors have the option of gaining second residency in Panama or Nicaragua. It is a nice “Plan B”. __________________________ Resources mentioned: Free Teak Resource Guide: GetRichEducation.com/Teak Mortgage Loans: RidgeLendingGroup.com <p style="text-al
S1 E286 · Mon, March 30, 2020
How To Protect Yourself Financially During The Pandemic, Collecting Rent, Mortgage Update
A 10-step plan to ensure that your tenant pays the rent is revealed. In order, they are: proactivity, commitment, empathy, requirement, options, late fee, installments, security deposit, assistance, documentation. Real estate investors have time to react to the pandemic. Stock investors often didn’t. They lost 10%, 20%, 30% within weeks. Learn how volatility hurts stock investors. If the pandemic were as visible a threat as a fire-breathing Godzilla, more would adhere to shelter-in-place orders. For active real estate offers, pay more attention to where the tenants’ income originates. Large retailers are hiring, small retailers are firing. Caeli Ridge, President of Ridge Lending Group joins me to tell us about how coronavirus has changed the mortgage lending landscape. Jumbo loans and non-QM loans are no longer offered. Credit score, DTI requirements could soon become more stringent. Verification of employment now occurs right before loan funding. Mortgage rates still hover near historic lows. Loan forbearance, loan modification discussed. __________________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: <p
S1 E285 · Mon, March 23, 2020
Your Pandemic Investing Strategy & Mindset
Unemployment is rising. Mortgage rates hit record lows two weeks ago. Stocks have fallen 32% from recent highs. Oil has fallen with a thud. Your life has changed in order to control the spread of the novel coronavirus. (**The entire episode transcript is below. You can read along as you listen.) Fannie Mae, Freddie Mac, and HUD have suspended foreclosures and evictions for at least 60 days. This could soon be extended to a year. The IRS tax filing deadline moved from April 15th to July 15th. There are opportunities for you today that you’ve never considered before. Recessions are normal. They occur every 7 years on average. In three of the last five recessions, real estate values appreciated. Consider drawing against your HELOC before it’s frozen. Bill Gates’ epidemic prediction audio clip played. Stocks: the bull market died of coronavirus. I discuss my recent chats with national Mortgage Loan Officers. Good news? Shelter-in-place means you might have the time with your family that you’ve always wanted. __________________________ Resources mentioned: Coronavirus forbearance is here: Housing Wire article RE appreciated in 3 of last 5 recessions: Article & Graph Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript:
S1 E284 · Mon, March 16, 2020
Coronavirus And Your Money
The novel coronavirus threatens life, business, and the economy. 11 years of U.S. economic expansion could end soon. (**The entire episode transcript is below. You can read along as you listen.) Closed businesses mean that supply chains are disrupted. This could make it difficult for flippers and value-add apartment projects. Travel, hospitality, and leisure business troubles mean that short-term rentals like AirBnB will have high vacancies. Short-term rentals cater to business travelers and vacationers - both vulnerable in this downturn. Long-term rentals are better positioned. As long as people are alive, they need a home. Mortgage interest rates have hit their lowest rate EVER since they’ve been tracked in 1971. The Fed made a 0.5% emergency rate cut. Expect more cuts. This punishes savers and rewards borrowers. Stocks recently fell more than 20% from their recent high; that's the definition of a bear market. Coronavirus’ effects are fast-moving and no one really knows the future. This is uncharted territory. With this in mind, I’d expect real estate to fare better than other asset classes. Also expect: Stronger: dollar, bonds, gold. Weaker: many stocks & businesses, short-term rentals, oil, silver. The unemployment rate will likely rise; I discuss what this means for your tenants. Low mortgage interest rates can be locked in for 30 years, outlasting the coronavirus pandemic. Check out our two new property providers in Orlando and Des Moines: getricheducation.com/orlando and getricheducation.com/iowa __________________ Resources mentioned: Properties, with two new markets: www.GREturnkey.com Recommended Coronavirus resource: Peak Prosperity YouTube Channel Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: <p styl
S1 E283 · Mon, March 09, 2020
Don't Save For Retirement with Daniel Ameduri
You’ll struggle unnecessarily in life if you “maximize” conventional retirement plans. How can this be? Historically, rather than deferring your income into the future with a 401(k), 403(b), 457 Plan, TSP, IRA … … you could invest in a real, cash-flowing asset that improves your life BOTH now and later. I make a case that a “dollar per dollar” employer match in your 401(k) could be worth it. But only up to that level. Today’s guest, Daniel Ameduri, author of “Don’t Save For Retirement” , discusses this with me. Future federal income tax rates will likely be higher. That’s one risk of deferring your tax. The biggest risk of conventional retirement saving is that you sell your todays for tomorrows. Would deferring your compensation ever “pay off” for you? Children & money tips are also discussed. The top role of most financial advisors? To keep the naive person from losing all of their money. In retirement, many retirees pay their financial advisors 25% to 50% of what the retiree withdraws! I explain. Summary: Don’t invest your income for savings; invest your income for more durable income. __________________ Resources mentioned: Future Money Trends: www.FutureMoneyTrends.com/save Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com <span style
S1 E282 · Mon, March 02, 2020
Predicting Your Economic Future with Brian Beaulieu
The next recession, and your next 3-10 economic years are predicted by our guest today. He is Brian Beaulieu , CEO of America’s oldest privately-held continuously operated economic research and consulting firm, ITR Economics . Prediction: Interest rates should stay low through 2023. By 2025, they could rise 3% to 3.5%. Inflation should increase in the second half of the 2020s decade. Why? De-globalization. We discuss how long this longest-ever economic expansion will last. Declinism is people’s predisposition to view the past favorably and fear the future. Brian tells us why the economy is likely to accelerate before it falls into decline. Millennials and Gen Zers are large generations. As they age, their affluence increases. Brian tells us that the widening gap between stock valuation and corporate profitability is concerning. I tell you the difference between fiscal policy and monetary policy, and why the 30-Year Fixed Rate Mortgage might be the most undervalued “asset” today. Of course, your economic future is based more on your individual decisions than the broader economy. If you want an economic forecast for your business or personal investing, visit: ITReconomics.com __________________ Resources mentioned: ITR Economics: https://itreconomics.com/itr-economics-podcasts Book: <a href= "https://www.amazon.com/Prosperity-Age-Decline-Business-Preserve/dp/1118809890/ref=nav_signin?tag=hyprod-20&linkCode=df0&hvadid=312045580
S1 E281 · Mon, February 24, 2020
Real Estate’s Secret Market
One of America’s most underappreciated markets is right in the heart of cash flow country. Rent-to-price ratios are often 1%. Americans are moving from high-cost, high-tax places to low-cost, low-tax places. Look, the biggest mistake most real estate investors make is emphasizing “the deal” rather than “the market”. You are making an investment into an area’s underlying economy before the property. Follow the data, not the money. I discuss why health care employment is an important gauge of economic vibrancy. Learn why sellers prefer investor-buyers like you, not owner-occupant buyers. To buy cash-flowing properties in this underappreciated, “secret” market, start here at: www.GetRichEducation.com/Dayton __________________ Resources mentioned: Dayton Cash Flow Properties: GetRichEducation.com/Dayton Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com <
S1 E280 · Mon, February 17, 2020
Your Questions: Housing Bubble, Inspections, Student Loans, Report Cards
Before you buy a property, I discuss something crucial that you’re probably missing. Five of your listener questions are answered. (The entire episode’s lyrics are in the Show Notes below!) 1 - How should I reward my child for their good school report card? 2 - How reliable is a real estate income stream? 3 - Are we in a housing bubble? 4 - Should you pay off $200K in student loans or invest? 5 - Should I get an inspection for a new construction property? “Packaged commodities investing” is a way to think of real estate. You have a buying opportunity for income property in Florida, Alabama, Indiana, Maryland, Tennessee, Arkansas and more all at www.GREturnkey.com . __________________ Resources mentioned: Inflation Lesson: Sears & Roebuck DIY Homes Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Find Properties: GREturnkey.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation Welcome to Get Rich Education. I’m your host, Keith Weinhold - answering your listener questions today. How do you reward your child for a good school Report Card? What about the long-term DURABILITY of a real estate income stream? Are we in a Housing Bubble? What should I do - pay off student loan debt - or invest? Should I get a Home Inspection? And what’s the one thing you should do before you buy ANY property that you’re probably not doing? All today - and more … on Get Rich Education. ___________________________ Welcome to GRE. I’m your host, Keith Weinhold. From Colombo, Sri Lanka to Columbia, South Carolina to Columbus, Ohio and across 188 nations worldwide. This is Get Rich
S1 E279 · Mon, February 10, 2020
Trump Could End Fannie & Freddie Backing with Caeli Ridge
Donald Trump’s re-election could end Fannie Mae and Freddie Mac conservatorship of mortgage loans. This could mean that fixed rate mortgage loans disappear! It could also lead to higher mortgage interest rates and more changes. Ridge Lending Group President Caeli Ridge and I discuss why. We compare Fixed vs. Adjustable Rate Mortgages (ARMs). Your personal DTI - debt-to-income ratio - is thoroughly discussed in qualifying for rental property loans. I made my last two mortgage loans personally at www.RidgeLendingGroup.com __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Find Properties: GREturnkey.com Best Financial Education: GetRichEducation.com Follow us on Instagram: <p style="text-align: center
S1 E278 · Mon, February 03, 2020
How The Fed Is Corrupting America with Dr. Chris Martenson
You’re affected by interest rates and inflation as both a consumer and real estate investor. A 50% return is not necessarily risky: I review the 5 Ways Real Estate Pays You and pass it through a new filter. Dr. Chris Martenson joins us to discuss how The Fed manipulates monetary policy and interest rates by running up staggering debt levels. To solve our problems, can we just keep printing money and paving over the world with dollars? Interest rates are artificially low. Why you’re in a Fed-induced bubble. Chris tells us why Fed Chair Jerome Powell is a liar. When the credit cycle bursts, everyday people will be harmed. Chris thinks the next crisis will be twice as bad 2008. Solutions: have multiple income streams, cash, and real assets. Join Chris and PeakProsperity.com for their annual seminar May 1st to 3rd, 2020 in Sebastopol, CA. For the best event pricing, use Discount Code: GRE2020 __________________ Resources mentioned: Find Properties: GREturnkey.com Meet Dr. Martenson & his tribe: 2020 Peak Prosperity Seminar QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and
S1 E277 · Mon, January 27, 2020
How To Build Wealth Faster with the Pareto Principle, QRPs
You only need to be 1% better ... to go from good to great. This is due to accumulative advantage, which is the engine that drives "The Pareto Principle" (80 / 20 rule). Lessons from nature extrapolated to business and real estate investing provide cues on how you can grow your wealth faster. Damion Lupo tells us about important new changes that make the eQRP - Enhanced Qualified Retirement Plan - even more beneficial to you. To learn more, text “QRP” in ALL CAPS to “72000”. With the eQRP, you pay no UBIT tax on leveraged real estate. Self-Directed IRAs sting you this way. eQRPs can provide tax credits of $15,000 for starting a plan, and a tax deduction on your income by paying your kids. Open your eQRP before you file your taxes, and you can make the benefits retroactive. To learn more, text “QRP” in ALL CAPS to “72000”. __________________ Resources mentioned: Text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Book: The Slight Edge by Jeff Olson Pareto Principle: <a href= "https://www.businessinsider.com/the-1-rule-explains-why-a-few-people-end-up-with-most-of-th
S1 E276 · Mon, January 20, 2020
Weinhold, Wheelwright, Benna on 401(k)s, RE Pro Designation
Even a dollar-per-dollar match from your employer might not make 401(k) participation worthwhile. "Timing" could be the most underrated word in investing. Retirement plans only pay you when you’re old. 401(k)s rob you of the opportunity to fully live life while you’re young enough to enjoy it. 401(k)s used to be named “Salary Reduction Plans”. They had to get rid of the name to foster participation! Instead, opt-in for your “Salary Increase Plan” with cash-flowing real assets. Tom Wheelwright joins us, and we hear the voice of 401(k) inventor Ted Benna from GRE Episode 197. In fact, 401(k)s incur tax rates double than if you had simply invested outside of the plan. If you’re young & building wealth, specialize. If you’re old & maintaining wealth, diversify. Tom & I go deep on how you can qualify for the coveted Real Estate Professional tax designation while you still have a day job. You don’t need to be a real estate agent to be an RE Pro, but it helps. Marriage can help. __________________ Resources mentioned: Tom Wheelwright: Wealthability.com Ted Benna & I’s full chat: GetRichEducation.com/197 Mortgage Loans: RidgeLendingGroup.com eQRP: Text “QRP” to 72000 or: <p sty
S1 E275 · Mon, January 13, 2020
Go Out On A Limb
Most people sell their time for dollars. Were you really meant to do what you’re doing right now? Mark Twain said, “Why not go out on a limb? That’s where the fruit is.” Culture conditions most people to live an average, stale life. Don’t trade away your authenticity for approval. In over 6,000 years of human history, being a conformer is not a success recipe. 40 rental doors x $150 cash flow = $6,000 per month. This buys you time. Don’t fear failure; fear not trying. Powerful assignment: write your own obituary. No one achieves anything extraordinary by playing it safe. People that say, “I want to live frugally.” actually want to say, “I want to live well.” But they don’t know how. Get residual real estate income at: www.GREturnkey.com I update you on asset class prices over the past year. Americans paid $4.5T in rent this past decade. The median homebuyer age is up to 47. Corelogic expects a 5.4% housing price jump in 2020. Housing shortages should continue at the low end of the market. Nearly every news outlet reports a stable housing environment. Why? Demand exceeds supply, appreciation rates are sustainable, stringent loan requirements, inflation-adjusted home prices are often still below 2005 levels. **The entire episode's lyrics are at the bottom.** __________________ Resources mentioned: Turnkey income properties: GREturnkey.com Americans Paid $4.5T Rent Last Decade: Zillow article Median Age Of Homebuyers Up To 47: HousingWire article Fannie Boosts 2020 Housing Forecast: CNBC article Lenders, Builders More Conservative: CNBC article Home Prices To Rise In 2020: Yahoo Finance article Homes Under $250K Near Extinction: <a href= "htt
S1 E274 · Mon, January 06, 2020
How To Self-Manage Your Property with Kevin Cross
Get 15 - 30% more rent income for your existing property. Learn how to attract a better “Class B” tenant to a lesser “Class C” property. We’re getting “hands-on” today. Kevin Cross tells us about this and how to buy a bargain property (hint: find poorly-managed property). Small tweaks make a big difference in your property’s rent income: clean grounds, orderly common areas. Add amenities inside units yourself like: Wi-fi, TVs, curtains, artwork. Your success is highly tied to tenant quality. Learn how to talk to a tenant engaged in illegal activity. A house cleaner can put eyes on your property. To learn about Virtual Property Pro owner assistance service, e-mail Kevin at: kevin@alaskarex.com This is an intermediate step if you’re not ready for pro mgmt. Often eliminate: garage door openers, garbage disposals, 2-bay sinks. Incorporate your hobby into your rentals; now your hobby is profitable. Though I personally use professional management, self-management fits our guest’s lifestyle. __________________ Resources mentioned: Kevin Cross contact: Email: kevin@alaskarex.com Mortgage Loans: RidgeLendingGroup.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texti
S1 E273 · Mon, December 30, 2019
Real Estate vs. Stocks with Brent Sutherland
Financial advisors don’t talk about real estate for three reasons: They'd receive no compensation. Lack of education. Regulatory oversight. Among educated investors: Real estate has higher returns. There are more hidden fees with stocks than real estate. I discuss dividend-paying stocks. Ntellivest’s Brent Sutherland tells us why stocks won’t make you wealthy. This CFP-turned-real estate investor is a financial coach. Most financial clients ask all the wrong questions. That’s why they get all the wrong answers. Few realize that you can increase your income now. Brent walks the talk. He owns 9 income properties, averaging $250 cash flow each and more. We discuss common REI mistakes: financial protection, estate planning and LLCs. __________________ Resources mentioned: Brent Sutherland: Ntellivest.com Visual Capitalist: Composition Of Wealth Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: <span style= "font-
S1 E272 · Mon, December 23, 2019
Refinancing, NIRP, GRE Listener Andrew Stanton
Put more cash flow in your pocket by refinancing now. Refinance conditions are ripe: equity up, interest rates down. If you own property and interest rates rise, then hold. But if you own property and rates fall, you can refinance. This way, you’re playing both sides. Sometimes you can negotiate a lower interest without refinancing. Negative interest rates mean borrowers & spenders win, savers lose. GRE listener Andrew Stanton (Email: apstanto@gmail.com ) joins me to tell us how this show has changed his life. This San Diego-based GRE follower works as a computer engineer and he’s building his investment real estate portfolio. Losing his job helped Andrew realize how important it is to have multiple income streams. The concepts of ROTI, your return from home equity is always zero, and “Don’t Quit Your Daydream” resonate with him. __________________ Resources mentioned: Andrew Stanton’s Email: apstanto@gmail.com GRE YouTube Channel: GetRichEducation.com/YouTube Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: <p style="text-align: cente
S1 E271 · Mon, December 16, 2019
Permanently Reduce Your Taxes with Tom Wheelwright
Your biggest expense in life is taxes - income tax, sales tax, property tax, capital gains tax, inheritance tax. Taxation is not adjusted for inflation. I explain. Wealthability’s Tom Wheelwright joins us about how to optimize Trump’s 2017 Tax Cuts And Jobs Act to your advantage. A tax deduction is the amount by which your taxable income is reduced. Income tax is on net income. Sales tax is on gross income. The $10,000 SALT deduction limit mainly hurts coastal residents. Bonus depreciation substantially aids real estate investors - new and used property, and residential and commercial. Learn how the 20% pass-through deduction benefits you. Why you never own real estate in a “C” Corporation. Learn about Section 179 tax advantages. Opportunity Zones benefit those that invest in the renovation of distressed assets. I bring you today’s show from Anchorage, AK. __________________ Resources mentioned: Tom’s website: Wealthability.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com <
S1 E270 · Mon, December 09, 2019
How To Own Agricultural Real Estate
You don’t have to get your hands dirty or own a tractor to have your own agricultural real estate. Humans need food to eat. Even futurists know that people will continue to need calories. The world population of 7¾ billion will rise to 11 billion by 2100. Coffee is the second most-traded commodity in the world. You can buy half-acre coffee or cacao (chocolate) for under $20K - $25K, turnkey-managed. It produces cash flow from the annual coffee cherry and cacao pod harvest. You own the land in Panama and Belize. You can drink coffee or eat chocolate from your own far. I invest in this myself. Operation with three pillars of sustainability: social, economic, and environmental. Cash returns are 10-14% annually, averaged over twenty years. This doesn’t include land appreciation. Learn more about investing, where they’re having an “End Of The Decade Special” at: www.GetRichEducation.com/Coffee www.GetRichEducation.com/Chocolate This special saves you thousands per parcel: 1 coffee parcel = $18,000 each 3 parcels = $16,650 each 6 parcels = $16,000 each For the Belize cacao (chocolate) parcels: 1 parcel = $24,500 each 3 parcels = $22,650 each 6 parcels = $22,000 each Cash or IRA funds are eligible. You won't see these prices again. For these rates, confirm your order by Dec. 16, 2019, with time to fund. There’s never been a better time to start in agricultura
S1 E269 · Mon, December 02, 2019
How Wealthy People Think
Money matters. It buys you freedom, options, and even the best medical care. You have the same 168 hours per week as Jeff Bezos or Bill Gates. Getting an MBA or Ph. D. is a slow way to wealth. How many of your 8 great grandparents can you name? See. Making an impact is rare. You can either live below your means or expand your means. By the time you’re age 30, you should know how to produce income without trading your time for it. Employees are motivated by fear. Wealthy people are motivated by ideas and value creation. You can only be truly free … with wealth. Middle class people want enough money to retire; rich people want enough money to impact the world. You can either be a conformer or build wealth. Your choice. __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com <p style="text-align: cente
S1 E268 · Mon, November 25, 2019
How To Double Your Real Estate Return (BRRRR)
Rent amounts are more stable than real estate prices. The rent amount you can charge is based on incomes in an area. In real estate: rents behave rigidly; prices are more elastic. Employment sectors dictate what type of worker buys and what type rents. Mortgage loan qualification is difficult; I’m qualifying myself. This is inconvenient, but it means borrowers are solvent. This creates a barrier to entry and stabilizes prices. Tips: Be organized. Buy multiple properties from the same provider at the same time, if possible. Use the same mortgage company. The BRRRR real estate investing strategy is: Buy - Renovate - Rent - Refinance - Repeat. You can double or triple your cash-on-cash return with BRRRR. Learn about Baltimore BRRRR and Philadelphia turnkey property at: GetRichEducation.com/Baltimore Turnkey vs. BRRRR compared. __________________ Resources mentioned: Baltimore BRRRR & Phila. turnkey: GetRichEducation.com/Baltimore Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or:
S1 E267 · Mon, November 18, 2019
A Billion Gajillion Fafillion Dollars with Richard Duncan
Today, money is being printed on a massive scale. Interest rates have plunged. This is a Fed “U-turn” from last year when money was being destroyed and rates were rising. What’s going on? Richard Duncan of MacroWatch tells us. We discuss how far the U.S. can “kick the can” down the road with their $23 trillion in debt. Richard tells us about the future direction of interest rates and inflation. Learn how deep the U.S. can go into debt. Get 50% off Richard’s MacroWatch video newsletter. Use the Discount Code “GRE” at: www.RichardDuncanEconomics.com I bring you today's show from Vancouver, British Columbia, Canada. 1) Get my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: MacroWatch: RichardDuncanEconomics.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: <span style= "font-size: 10pt
S1 E266 · Mon, November 11, 2019
Fourplex Financial Freedom with FIG’s Steve Olson
A four-unit building is how I began in real estate. Fourplexes can provide you with great financing terms and economies of scale. Steve Olson of the Fourplex Investment Group (FIG) joins us. Website: www.fig.us FIG builds new construction townhouse-style fourplexes for investors. They operate in four high-growth U.S. states: Utah, Idaho, Texas - and Steve reveals their new market in this episode. FIG properties often have excellent resident amenities. “Investor-savvy” HOAs help protect your investment. Their model best suits the investor that’s also a busy professional. FIG also offers duplexes and larger multi-family properties. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: FIG Website: fig.us Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: <a href= "htt
S1 E265 · Mon, November 04, 2019
Planning For A Recession & More Listener Questions
Get a market update. Next, I answer your listener questions: 1: How do I start if I know nothing about real estate? 2: What’s better: existing or new construction property? 3: How do I identify an “up-and-coming” neighborhood? 4: How do I raise the rent without losing the tenant? 5: What if there’s a recession? I bring you today’s show from Anchorage, AK. Next week, we discuss four-plexes. The following week, declining interest rates and more Fed money-printing. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Credit Score help: MyFico.com Neighborhood Research: NeighborhoodScout.com City-Data.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Welcome to Get Rich Education, I’m your host Keith Weinhold. It’s YOUR listener questions today; What’s The Best Guidance For Beginners, Comparing New Construction vs. Existing Construction Property, How To Identify An Up-And-Coming Neighborhood, How To Raise
S1 E264 · Mon, October 28, 2019
Keith Weinhold & Grant Cardone “10X” Your Wealth
Grant Cardone is our guest today. He’s the world’s #1 sales trainer, 10X Movement Leader, and prominent real estate investor with $1.4B AUM. We discuss wealth mindset, and the importance of “getting known”. We tell you why you must embrace good debt in order to build wealth. You start by asking yourself better questions. What is “10X”? I liken how your tenant pays you their income from the first 10 days of every month. Get Grant’s take on why a house is not an asset. I ask Grant about his physical fitness. Bottom line: You must give your money multiple jobs. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Cardone Capital: CardoneCapital.com Cardone Capital Free Book: CardoneCapital.com/Book Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP:
S1 E263 · Mon, October 21, 2019
Will 30-Year Mortgages Disappear? With Caeli Ridge
Fannie Mae and Freddie Mac privatization could mean that the 30-year fixed amortizing loan - America’s favorite - disappears. Ridge Lending Group President Caeli Ridge & I discuss this and more. I describe the difference between primary and secondary mortgage markets. Mortgage interest rates have dropped more than 1% year-over-year. Learn what it takes for you to qualify for an income property loan today: down payment, credit score, reserves, and debt-to-income ratio. You can put 15%, 20%, or 25% down payment on an income SFH. We discuss the differences. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Wall Street Journal: How Fannie & Freddie Work MarketWatch: FICO Scores Higher Turnkey Real Estate: NoradaRealEstate.com <span style= "font-size: 10pt
S1 E262 · Mon, October 14, 2019
Volatility & Fees Kill Returns, Alabama Among Top RE States In U.S.
Alabama might be the top real estate investment state in the U.S. Why? Low cost properties, low tax, landlord-friendly, growth, warm weather, and advantageous rent-to-value ratios. For cash flowing property, start at: GetRichEducation.com/Birmingham and GetRichEducation.com/Huntsville . Birmingham is Alabama’s largest urban area, Huntsville is 2nd. SFH prices: $85K - $125K. Fees and volatility degrade your stock and mutual fund returns more than most think. Want more wealth? 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Birmingham Turnkey Property: GetRichEducation.com/Birmingham Huntsville Turnkey Property: GetRichEducation.com/Huntsville Tony Robbins’ book: Unshakable Mortgage Loans: <a href= "http://www.ridgelendinggroup.
S1 E261 · Mon, October 07, 2019
Five Years Ago: Episode One
The first episode of one of America’s most influential investing shows began October 10th, 2014. Here it is - uncut with gaffes, breathing and bumping the microphone. Host Keith Weinhold gives present-day commentary on this show that launched five years ago from his home’s dining room table. Want more wealth? 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find
S1 E260 · Mon, September 30, 2019
The Debt Decamillionaire
$10 million in debt could BENEFIT you. I describe how. There are more “free-and-clear” homes today than in 2006. I tell you why. A major platform published that 30-year mortgages are better than 15-year. It appears terribly oversimplified. Home equity always has zero ROI. The debt decamillionaire can have a $300K annual tailwind from inflation-profiting alone. How to get informed, not affirmed. Then, Daren Blomquist joins us to discuss U.S. housing trends. The homeownership rate has declined, especially among those under age 35. The rental vacancy rate has plummeted to 6.8%. Market appreciation is cooling in a sustainable way, returning to long-term norms. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned : 30-Year vs. 15-Year Mortgages: Business Insider My Forbes article: Why Home Equity Has Zero Return
S1 E259 · Mon, September 23, 2019
Turnkey vs. Syndication, CBD Investing with John Larson
Turnkey real estate vs. syndication compared. Cannabis production is like today’s gold rush in agricultural real estate and retail. CBD is medical cannabis. THC is recreational, mind-altering cannabis. CBD is discussed today. CBD sales growth is projected at 107% every year through 2023. Get a predictable 15% Cash-On-Cash Return by making a loan on equipment that turns raw hemp into CBD oil. Learn more here. You must be an accredited investor, 12-month loan term. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: CBD Lending Opportunity For You: GetRichEducation.com/Lending CBD To Grow 107% Annually Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP”
S1 E258 · Mon, September 16, 2019
Single-Family Rental Property Today
Single-family rentals have 16 advantages over apartments: Tenant quality, appreciation, neighborhood, school district, retention, no common areas, utilities, divisibility, fire, disturbances, financing terms, vacancy rate, management, supply & demand, risk, exit strategy. There's nothing wrong with apartment investing. They have their own advantages. Noel Christopher, Senior VP of Portfolio Services at Renters Warehouse , joins Keith to discuss today’s single-family rental (SFR) market. Renters Warehouse manages 22,000+ homes in 25 states. They could be a good backup property manager for you. See their marketplace too. The midsize investor (owns 25 - 2,000 rental units) is becoming more involved in buying SFRs. Many say “mom-and-pop” landlords are competing with first-time homebuyers for single-families. Noel disagrees. Long-distance investing is more common today. Demographics of SFR tenants - both Baby Boomers and Millennials. Also discussed: beginner tips, build-to-rent communities. Keith brings you today’s show from Anchorage, AK. Next week: Canton, OH. The following week: Philadelphia, PA. The week after: St. Petersburg, FL. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: <span style= "f
S1 E257 · Mon, September 09, 2019
Spend Your Money … Lots Of It
Five benefits of spending your money are discussed. (What? Is this irresponsible?) Keith Weinhold tackles the rarely-discussed benefits of money-spending: You beat inflation. You don’t “lose” money; you spent it how you desired. Ensure a better quality of life. You help the economy exactly where you want to. Spending is more fun than saving. Many are afraid to discuss the topic of spending. Also discussed - what goes into home price appreciation, how inflation persists despite decades of technology, Millennials waiting for home prices to drop. Back to spending: Are “cheap” people annoying? School is irrelevant to wealth. Don’t cut expenses; increase income. The only place you get money is from other people. Buy top vacations, wellness & exercise, mattress, vision, shoes, dental, home renovation, unprocessed food, phone. Spending is an investment in yourself. Experiences vs. Stuff. Money is fuel; it’s only potential. The $25,000 taco. Giving to charity. Benjamin Franklin: “Wealth is not his that has it, but his that enjoys it.” Then, a discussion with our Tampa provider about finding the right rental property neighborhood. Join us on our upcoming Tampa Real Field Trip, Oct. 10th to 12th. Start at RealEstateFieldTrip.com . __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: GRE’s Tampa Field Trip: RealEstateFieldTrip.com CNBC: The $25,000 Taco Mortgage Loans: <p style="te
S1 E256 · Mon, September 02, 2019
The Real Estate Numbers That Matter with Frank Gallinelli
Real estate math is simple: add, subtract, multiply, divide. There’s no complex math like trigonometry, algebra or exponents. Frank Gallinelli , Ivy League Professor of Real Estate Development at Columbia University in New York City, joins me to talk real estate numbers. Net Operating Income (NOI) estimates current market value of a property. NOI is rent minus VIMTUM. It does not include Principal and Interest. Your Debt Coverage Ratio (DCR) had better be greater than 1. You typically need a minimum of 1.2 to 1.25 to qualify for a property. Loan-To-Value ratio discussed. Seller “asking price” is almost irrelevant. A property’s current market value is = Annual NOI / Cap Rate. Cap Rate = Annual NOI / Property Price or Value. Internal Rate Of Return (IRR) is more of a total return. Part of it is discounting your future cash flows. This considers your opportunity cost. I give an example of buying a new $20,000 heating system for an apartment building. This resulted in lower heating bills. This increased cash flow (and NOI) by $4,800 annually. Divide this by a 7% Cap Rate = $68,500 value increase. Therefore, a $20K investment both improved cash flow and increased building value by $68,500. I dislike GRM - Gross Rent Multiplier. Franks dislikes CCR - Cash-On-Cash Return. Return On Equity vs. Return From Equity. Don’t get too lost in numbers. No property exists in a vacuum. The vibrancy of the market is more important than the property. Get a 30% discount on Frank Gallinelli’s “Introduction To Real Estate Analysis” video course at learn.realdata.com with Discount Code: SAVE30 __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Frank Gallinelli’s “Introduction To Real Estate Analysis” video course: learn.realdata.com Use Promo Code SAVE30 for 30% off. GRE’s Tampa Field Trip: RealEstateFieldTrip.com Mortgage Loans: <a href= "http://www.ridgelendinggro
S1 E255 · Mon, August 26, 2019
State Of The Real Estate Market with Daren Blomquist
Keith Weinhold says the word of this real estate era may be: “supply”. Why? The U.S. just hit its lowest rental vacancy rate in 35 years: 6.8%. Also, the U.S. just hit its lowest homeowner vacancy rate in 40 years: 1.3%. Mortgage interest rates just fell to near three-year lows. U.S. existing median SFHs now a record $279,600. Year-over-year appreciation is 4.3%. Regulation and environmentalism increase real estate prices. Join our Tampa Real Estate Field Trip at RealEstateFieldTrip.com Next, Daren Blomquist of Auction.com joins Keith to discuss current U.S. trends in: Foreclosure activity. Home price appreciation. Migration trends. Foreclosure activity is down due to high employment, more exotic loans now “rooted out of the system”. 91-92% of metros Daren studied are appreciating in value. Net migration winners include: Florida, Texas, Tennessee, The Carolinas, Georgia, Washington, Arizona, Nevada, Colorado. Net migration losers include: New York, California, Illinois, Louisiana. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Daren Blomquist: Auction.com Heat Map: Home Appreciation Heat Map: Net Population Migration GRE’s Tampa Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.co
S1 E254 · Mon, August 19, 2019
Grow Rich In Your Sleep
If I pay you $114 an hour to mow my lawn, could you get wealthy that way? No. You’d have to work all 8,760 hours in a year just to make your first million. Invest. The definition of investing is: “To expend money with the expectation of achieving a profit.” Then, are stocks, bonds, gold, your home, vacations, or income properties … investments? I discuss. Damion Lupo , expert eQRP Administrator, joins us. Learn more by texting “QRP” in ALL CAPS to 72000. You can have five simultaneous profit centers with income property: Leveraged Appreciation. Cash Flow. Return On Amortization. Tax Benefit. Inflation-Profiting. To get ahead, you must give your money multiple jobs. That’s five in this case. If you’re new to this: risk and frustration still exist in real estate. Your best-laid plans will be derailed sometimes. It’s not “get rich quick”. But most people never acquire wealth at all. Why switch your retirement plan to an eQRP? $55,000 annual contribution limit for single, $110,000 for married couples. Invest in real estate, hard assets, nearly anything. Creditor protection. eQRP setup has less red tape setup than SDIRAs. $50,000 line of credit. Avoid UBIT tax. Learn more about the eQ
S1 E253 · Mon, August 12, 2019
Jim Rickards | Aftermath
Jim Rickards is our guest today. Debt is growing faster than the economy. In an eventual financial crisis, we discuss how a real estate investor will fare. A prolific author, Aftermath is Jim Rickards’ new book. Debt, inflation, and interest rates are macroeconomic forces that affect you daily. The U.S. has $23 trillion in debt . Why can’t we just keep kicking the “debt can” down the road? Alexander Hamilton effectively created the debt 230 years ago. When the debt-to-GDP ratio exceeds 90%, problems occur. It’s 103% in the U.S. today. We discuss debt solutions, and why negative interest rates and Trump tax cuts won’t work. Rickards says inflation has nothing to do with money supply; it’s about psychology. Learn how a new international monetary system looks - outside the U.S. dollar. In a new system, hard assets retain value. Stocks and bonds lose substantial value. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Book - Amazon: <a href= "https://www.amazon.com/Aftermath-Secrets-W
S1 E252 · Mon, August 05, 2019
The Power Of Now
Imagine that you’re paid $8.5 million - your entire life’s earnings - all on the last day of your life. But you received nothing until then. That income really wouldn’t serve you well anymore. It’s an extreme example about “The Power Of Now”. Delayed gratification should not be a long-term condition. You get one life. I also discuss housing affordability: which is your income, housing prices, and mortgage interest rates. Historically, affordable homes have a price-to-income ratio of 2.6 or less. In just three minutes time, I tell you how the Federal Reserve works. Their ¼% interest rate cut announced last week is the first cut since 2008. Join me in-person on our Tampa Real Estate Field Trip. Register at www.RealEstateFieldTrip.com The Phillips Curve signifies that employment and inflation are highly correlated. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: GRE’s Tampa Real Estate Field Trip: RealEstateFieldTrip.com Article & Video by Keith Weinhold: How “The Fed Works” In 3 Minutes </p
S1 E251 · Mon, July 29, 2019
Floating Ocean Cities - Seasteading with Joe Quirk
Floating ocean nations can provide solutions to rising sea levels, overpopulation, and poor governance. It’s known as “seasteading”. Joe Quirk of The Seasteading Institute describes their plans and structure. The institute was co-founded by well-known venture capitalist Peter Theil. This differs from living on a boat or oil platform, or cruise ship life. 200 miles offshore is the exclusive economic zone. Hurricanes, tsunamis. A new environment for enterprise and innovation. Seeking freedom and liberty. Aquaculture - seaweed, algae farming. Regulation by the free market rather than government. Could security evolve into an army? Today’s seasteading population. Cryptocurrency. How far we are from a seastead nation? __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: The Seasteading Institute: Seasteading.org Blue 21 Floating Homes: <p style="text-align: center;"
S1 E250 · Mon, July 22, 2019
How To Raise Rents And Retain Your Tenants, Dayton
Tenant retention begins before move-in: Use a move-in checklist with the tenant. Move-in gift and packet. Communication. Ongoing tenant retention during occupancy: Inspections every six months. Be attentive with service calls. How to achieve a rent increase: 45 days’ notice. Use phone. Substantive reason: increase in property tax or maintenance costs. Remind tenant of moving costs. Offer an upgrade - carpet cleaning, ceiling fan, etc. 2 - 5% annual increase typical. We discuss why not every tenant is worth retaining. Dayton, OH has 1% rent-to-price ratios and an MSA population of 800,000. Also: Proximous to Cincinnati and Columbus. Health care. Military. Manufacturing. 3 Amazon fulfillment centers within 45 minutes. Learn more about the Dayton turnkey provider here . In-house property management. Use luxury vinyl plank, white kitchen cabinets, newer HVAC & water heaters. 1-year and 3-year warranties. 97% occupancy rate. Leases up to 18 months. 3/1 SFHs: Rents $750 - $1,300 | Purchase prices $75K - $120K. Detached garage. 800 - 2,000 sf. Usable basement is additional sf. Property tax 1.8 - 2.1% annually as a percent of property value. Rent promise: Provider starts paying rent to you if your property is vacant 30+ days. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Dayton Turnkey Property: GetRichEducation.com/Dayton </p
S1 E249 · Mon, July 15, 2019
Beginner's Real Estate Investing Guide
Two big mistakes are: 1) Renting out your former primary residence. 2) Only being invested in one market. This Beginner’s Real Estate Investing Audio Guide also helps you step-by-step with buying an income property: Credit Scoring Mortgage Pre-Approval Writing An Offer Inspection Vetting A Property Manager Appraisal Insurance Closing LLCs **The entire audio from this episode is transcribed into words and can be found at the end.** People set up LLCs for asset protection, anonymity, or tax purposes. But there is a lot of administrative work. Is it even worth setting up? Your FICO credit score has five ingredients. Down payment, debt-to-income ratio covered. Mortgage pre-approval is better than pre-qualification. Select income property in: job-growth economies, high rent in proportion to low purchase price. Cash flow = Rent Income minus “VIMTUM”. Why would someone sell you a cash-flowing property? “Turnkey” defined. Should you make a lowball offer to a turnkey provider? Also discussed: Negotiation Strategy, Earnest Money, Purchase Contracts, Management Fees, Management Agreements, Mobile Notary, Title Company, Rent-To-Value Ratio, Collecting Cash Flow. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Find Properties: GREturnkey.com Memphis & Little Rock Property: MidSouthHomeBuyers.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: <a href= "http://www.newconstructionturnkey.co
S1 E248 · Mon, July 08, 2019
Why Property Managers Are Heroes with GRE's John Collins
Property management is the glue that makes your investment stick together. But it’s a tough job. GRE’s own John Collins has done management consulting on a project of 159 single-family rental homes. Problems he encountered: 30% pay rent late or not at all Arson Unassigned parking spaces Domestic violence Abandoned car Condensation Pets and pests “Jerry Springer Show” in leasing office Unwanted boyfriend that wouldn’t leave Syringes found in home Daylight coming in through baseboard Upgrading tenants from C-Class to B-Class. Raising the rent attracted better tenants. With just a $3 monthly rent increase per unit at a 6% cap rate, the project value increases $100,000. We break down the math. What gets measured gets improved. Maintenance issues occur with a property about quarterly. Practicing “tactical empathy”. To contact John, e-mail info@getricheducation.com with “For John Collins” in the subject line. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) You
S1 E247 · Mon, July 01, 2019
Cash Flow vs. Appreciation and Measuring Your Risk
Long-term rentals beat AirBnb and other short-term rentals (STRs) in a recession. STRs depend on vacationers. Stocks typically have a Cash-On-Cash Return of zero. Investor-advantaged property typically sells for $70 to $150 per square foot. Gregg Cohen joins me to discuss the importance of market appreciation for cash flow investors. Get started with new construction investment property at: GetRichEducation.com/Jax . __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Jacksonville Turnkey Property: GetRichEducation.com/jax Tampa Real Estate Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com QRP: <p st
S1 E246 · Mon, June 24, 2019
When Real Estate Crashes, College, Join Me For Our Tampa Field Trip
If a Depression occurs, you’ll feel pain as a real estate investor. RE values and rents will both decrease. Awful. But stock and mutual fund investors will likely feel greater pain. Learn why today. Real estate investors maintain control. Interest rates would tend to go lower in a Depression. You could refinance. It’s also a better time to improve your property because people will be out of work. Join our Tampa Real Estate Field Trip October 10th to 12th, 2019 in St. Petersburg, FL. __________________ I answer four listener questions today: What happens to RE investors in a Depression? Should I invest in a college area? Do I need a home inspection? Can you explain Scarcity vs. Abundance? __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Tampa Real Estate Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com <p styl
S1 E245 · Mon, June 17, 2019
Amazon Is Selling $20K Houses, ATM Investing For Strong Cash Flow
Will your property lose value now that Amazon is selling homes for under $20K? Pre-fabricated homes and 3-D printed homes often have major limitations and livability problems. All homes have materials cost, labor cost, and the cost of the underlying land. Mortgage interest rates just hit a 21-month low. Home prices are expected to rise 4% over the next year. ________________ Guest Dave Zook discusses the opportunity to invest in ATMs. U.S. cash use is increasing at 5% annually. Many ATM users pay $2 - $3 to access $20 or $40. There’s a profitable opportunity for you to invest in ATMs. Learn more here . 24.5% is your projected CCR on a lot of seven ATMs. Terms discussed: pre-fabricated home, 3-D home, cash call, accredited investor. If you’re an accredited investor, learn more about ATM investing at www.GetRichEducation.com/ATM __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: ATM Investing: GetRichEducation.com/ATM MarketWatch: <a href= "https://www.marketwatch.com/sto
S1 E244 · Mon, June 10, 2019
Housing Trends For 2019-2020 with Logan Mohtashami
You’ve never thought about this “new way” to beat inflation. Three ways to beat inflation: 1) Tie long-term fixed interest rate debt to a cash flowing property. 2) Own gold. 3) Spend your money. Yes, I advocate spending your money. Die with memories, not dreams. Housing Data Analyst Logan Mohtashami joins us. Logan provides mortgage interest rate predictions to BankRate.com. National Mortgage News calls him a “social media star.” He’s published in Business Insider, Bloomberg Financial. He believes: Interest rates will stay low There’s no housing collapse imminent Housing price growth will slowly continue Rent demand will stay strong Homeownership rate up to 66% in a decade Inventory will stay low because people live in their homes longer Birth rates will rise Our high national debt doesn’t matter Logan is known as “The Chart Guy”. Learn more about him at LoganMohtashami.com . __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths<
S1 E243 · Mon, June 03, 2019
Today's Hottest Rental Type, Apps & Websites with Seth Williams
Single-family homes are today’s hottest rental type - both Realtor.com and John Burns RE Consulting agree. Boomers don’t want the responsibility of homeownership, and also don’t want to live in an apartment. This makes SFHs the hottest rental. Rental demand has shifted to basics: affordable, fewer amenities, better school districts. Suburban markets should see the concentration in future growth. Seth Williams of REtipster.com joins us to discuss the best real estate investing websites and apps. We also discuss self-storage facilities. Apps and websites: DealMachine helps you find deals. DealCheck helps you analyze deals. TenantCloud helps you self-manage rentals. BombBomb is a video e-mail service. Trello and Slack for workflow. Blinkist condenses books. RentOMeter estimates rents. Dropbox and Google Drive manage files. Evernote stores notes. DocuSign for digital contracts and signatures. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Seth Williams: www.REtipster.com seth@retipster.com Article: Hottest Rentals Are SFHs Website & Apps Discussed: DealMachine DealCheck TenantCloud BombBomb Trello Blinkist RentOMeter Dropbox <p style="text-al
S1 E242 · Mon, May 27, 2019
Investor Psychology with Garrett Gunderson
Compound interest doesn't work in real life. 5% is the average mutual fund investor return, though the S&P returned 10%. This is for the twenty years ending in 2015 (Source: Dalbar). This is even before taxes and inflation! Why are 401(k)s failing people? Inflation, emotion, taxes, fees, and volatility. Emotions make humans sell high and buy low - a recipe for disaster. I discuss how cash flow helps you remove emotion. Garrett Gunderson of Wealth Factory joins us. Financially-free people prioritize this way: value, cost, then price. Economic independence has five levers: Recover cash Engineer wealth Accelerate investment income Scale business revenue Treat yourself as the greatest asset Behavioral finance is where investing meets emotion. Facts don’t change people’s minds. I discuss what does. “Facts are stubborn things. But our minds are even more stubborn.” -John Adams __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: <span
S1 E241 · Mon, May 20, 2019
Multiply Your Wealth With 1031 Exchanges and Columbus, OH Market
Your equity is re-positioned when you make a 1031 Tax-Deferred Exchange. All at once, you can: Increase your cash flow Increase your leverage ratio Create arbitrage Increase your velocity of money Expand the value of your RE portfolio Do it all with zero tax on the gains Gain geographic diversity Real estate capital gains tax is higher than many think: 15% - 23.8% Federal, plus State of up to 13.3%, plus Depreciation Recapture. Californians could pay 37%+ in capital gains tax. Fortunately for real estate investors, you can defer all of these taxes with a 1031 Tax-Deferred Exchange. We discuss your 45-day and 180-day timelines, “like-kind”, your Qualified Intermediary, and 1031 traps to avoid. Columbus, Ohio could potentially be a wise place to exchange your equity into. Why Columbus? Ohio’s largest city and capital Fortune 500 companies High rents & low purchase prices Growing city Family-friendly suburbs Low cost of living with good incomes 14th-largest U.S. city SFR Rents $800 - $1,300, Prices $80K - $150K This provider has turnkey rehab operations integrated with management so that you can buy an “all-done-for-you” single-family rental property Connect with the provider and get their Columbus Investor Report here: www.getricheducation.com/columbus . __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Columbus Income Property: GetRichEducation.com/Columbus Forbes: Californians Move, Then Sell <p
S1 E240 · Mon, May 13, 2019
New 1st Lien HELOC (Home Select Product) with Caeli Ridge
More people are renting. The homeownership rate has declined to 64%, from 69% in 2005. Credit score “inflation” has occurred due scoring model changes and a strong economy. The average FICO score is now 704, a record high. GDP in Q1 grew 3.2% year-over-year, exceeding expectations. A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC. Ridge Lending Group President Caeli Ridge & I discuss the details: Line Of Credit for 30 years 80% LTV on home, 70-75% LTV on investment property No principal payments due for ten years Potential interest savings Better liquidity Interest rate based on LIBOR + a margin Use the simulator to see how much interest you save vs. your current mortgage. I bring you today’s show from Dallas, TX. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Mortgage Loans: <a href= "htt
S1 E239 · Mon, May 06, 2019
Quitting Your Job and GRE Listener Anna Ferntheil
If you make $110K per year unfulfilled, would you leave that job to make $78K fulfilled? Commentary. Learn how to put only a 5% down payment on your home, get a great interest rate with conventional financing and pay zero monthly Private Mortgage Insurance (PMI). GRE Listener Anna Ferntheil joins us. She is a former co-worker of mine at the State Department Of Transportation. Still at her day job, Ferntheil has bought her first two turnkey properties in Ohio at GREturnkey.com , totalling about $400 of total monthly cash flow. Rather than “trading her time for dollars” for decades, she’s building passive income streams through real estate. She now “thinks different”. Ferntheil stresses the influence of associating with like-minded people. She’s also investing in our referred Private Money Lending program, cash-flowing agricultural real estate , and moving her retirement to an eQRP (Enhanced Qualified Retirement Plan). You don’t want “job security”; you want freedom. Security is the opposite of freedom. Today’s show is coming to you from Anchorage, AK. Next week, I’ll be in Dallas and Houston, TX. The following week, Guatemala City, Guatemala. After that, Portland, OR. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Anna’s E-Mail Address: </s
S1 E238 · Mon, April 29, 2019
Why You’re Wealthier Than You Think
Keep your debt. Get financially-free instead. We’re talking about good debt. Retiring your debt often means you can’t retire yourself. Home equity is: Unsafe. Illiquid. Has zero rate of return. So then, why have so much equity in any one property? Back in The Great Depression Era, banks could call your loan due-in-full anytime. They can’t do that today. Don’t fear mortgages. Embrace them; even collect them! Every dollar that goes into mortgage principal paydown is a dollar that you didn’t invest. Separating equity from your home gives you more dollars to invest, not save. Paying down your mortgage INCREASES your foreclosure risk. Most think the opposite is true. Have a lot of home equity? Treat it as you like. But you probably have more dollars to invest than you think. So what’s the formula? Consider keeping low equity positions in many cash-flowing investment properties. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Find Properties: GREturnkey.com
S1 E237 · Mon, April 22, 2019
How America Works with Peter Zeihan
Chicago and Philly are doomed. Today’s guest, Peter Zeihan of Zeihan.com , tells us why. U.S. housing will change with shifts in immigration. Future immigrants will have more skills than current immigrants. Peter & I discuss city-by-city economic fortunes: New York City - Top U.S. destination for capital. But capital is beginning to flow to secondary cities like Charleston, Dallas-Fort Worth, Denver. NYC is not business-friendly. Philadelphia - Should be an economic powerhouse, but make poor business decisions. Not a world-class city. Will hollow out. Washington, D.C. - Could face problems with contractions in government demand. Cleveland, Pittsburgh - Both trending well with tech-based reinventions. Chicago - Rife with deep economic problems. May take national emergency to save them. Florida metros - Tampa, Orlando, Jacksonville areas will keep booming. Memphis - Looks positive. Transportation center. Texas metros - Business-friendly, thriving, decisions made at local level. Big regional differentials in property tax. California - Most economically “unequal” state in U.S. Seattle - What pushes up housing prices? Geographic isthmus, new business. Hawaii - Real estate prices are high and resilient. Much of this is due to geography. With NAFTA’s restructure, Texas and the Great Plains are poised to prosper. Want more of Peter Zeihan ? He was on Get Rich Education episodes: 101 , 114 , 236 , 237 . __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Peter Zeihan’s website: Zeihan.com Peter Zeihan on Twitter: @PeterZeihan Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: <a
S1 E236 · Mon, April 15, 2019
How The World Works with Peter Zeihan
Learn how the U.S. compares to the rest of the world today - economically, geopolitically, and demographically. The global order no longer serves American interests. It’s over. Today’s guest, Peter Zeihan of Zeihan.com , tells us why. Peter & I also compare strength among global currencies, and discuss inflation vs. deflation, and interest rates. The U.S. has 90-95% economic self-sufficiency. For comparison, Germany’s is 40%. Chinese global financial interaction is waning. Europe’s negative interest rates are a future likelihood. Mexico, Myanmar, Vietnam, and Indonesia are poised for a bright economic future. China and the United Kingdom are expected to be future losers. Zeihan: London will decline. That money and activity will come to New York City. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Peter Zeihan’s website: Zeihan.com Peter Zeihan on Twitter: @PeterZeihan Mortgage Loans: <a href=
S1 E235 · Mon, April 08, 2019
From Nothing To A $150M Portfolio with Tim Bratz
#235: Under age 30? Then you’ve never been smacked in the face with an economic recession. I discuss. At 33, Tim Bratz is an expert in apartment buildings, finding deals, raising money, coaching, personal development, and mindset. Tim’s real estate epiphany came when he saw a lucrative Manhattan real estate deal from the inside. He bought his first house in Charleston, SC in 2009 with a credit card for $14,000. Today, he has substantial equity in 2,000 doors and $150M+ in value. The key? "Give before you ask." I ask Tim about falling apartment cap rates today. He has an answer and plan for resilience. He buys distressed properties at a discount and forces appreciation. Tim attributes his rapid success to attending mastermind groups. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Tim Bratz Websites: CommercialEmpire.com CLEturnkey.com Tim Bratz Facebook: Facebook.com/tlbratz Mortgage Loans:</s
S1 E234 · Mon, April 01, 2019
How To Gain Financial Independence with Garrett Gunderson
#234: Learn why Millennials still cannot buy homes, and why real estate sales are down. Real estate cannot be flash-printed or mined. It has a finite supply. If you live in an investor-advantaged market in the Midwest or South, should you still buy out-of-market? Get mortgage pre-approval before you make offers on property at GREturnkey.com . Wealth Factory’s Garrett Gunderson & I discuss why net worth is not the top wealth measure. Learn the “one question” to define another’s scarcity and abundance mentality. Two key formulas: Cash Flow Index = Loan Amount / Min. Monthly Payment Investment Index = Down Payment / Monthly Cash Flow I’m bringing you today’s show from the southern Caribbean island of Bonaire. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Garrett’s Website: WealthFactory.com Garrett’s Book: Text “WWRD” to (801)503-9667 Mortgage Loans: <span style= "fo
S1 E233 · Mon, March 25, 2019
Robert Kiyosaki | Own Real Assets
#233: It's Rich Dad Month, Week 4 of 4. Guest Robert Kiyosaki joins us. Robert authored the landmark book “Rich Dad, Poor Dad” and is the #1-Selling Personal Finance Author Of All-Time. He & I discuss the difference between real assets and fake assets. Real assets put money into your pocket every month; they feed you. Fake assets need you to feed them. Robert thinks all this is wrong: Go to school. Get a job. Work hard. Save money. Get out of debt. Invest in the stock market for the long-term. Savers are losers. We also discuss: the dollar and the gold standard, teachers, taxation, derivatives, debt, socialism, infinite returns, and the Alaska Permanent Fund Dividend. It’s Robert’s third all-time Get Rich Education appearance. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources Mentioned Rich Dad Website: RichDad.com Kiyosaki’s New Book: Fake <span style= "font-size: 1
S1 E232 · Mon, March 18, 2019
Tom Wheelwright | Pummel Your Tax Bill Into Dizzying Submission
#232: It’s Rich Dad Month, Week 3 of 4. Learn how to pummel your tax bill with Rich Dad Tax Advisor Tom Wheelwright . Retail store closures continue to change the complexion of American malls and retail. Hear a humorous comparison between spending your retirement at an Assisted Living Home vs. the Holiday Inn. Learn how to take the home office deduction, about real estate Opportunity Zones. Did you know that to take advantage of Opportunity Zones, you basically must be a developer? With Bonus Depreciation, it could now make sense for you to tear down your IRA. Consider converting it to cash, then invest it for cash flow. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Tom Wheelwright: Wealthability.com Freddie Mac House Price Index: FreddieMac.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: <a href= "https://www.yourownbankingsystem.com
S1 E231 · Mon, March 11, 2019
Ken McElroy | How To Optimize Rent Income, Housing Price Indices
#231: It’s Rich Dad Month, Week 2 of 4. Learn how to optimize your rent income with Ken McElroy . Learn how to create a profit spread just like the banks. Case-Shiller vs. Freddie Mac - learn who has the best U.S. Housing Price Index. Freddie Mac tracks all 50 states; Case-Shiller only tracks 20 large cities. Freddie tracks sales from mortgages. Case-Shiller gets data from county assessor and recorder offices. Real estate prices have an inverse relationship with rent amount. If rent demand exceeds supply (tight market), learn how quickly you should raise rents. If rent supply exceeds demand (slow market), learn how low you should let your standards drop. Learn how to avoid “over-improving” a rental unit. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Ken McElroy: www.KenMcElroy.com Freddie Mac House Price Index: FreddieMac.com Mortgage Loans: RidgeLend
S1 E230 · Mon, March 04, 2019
Tom Wheelwright | How To Be A Real Estate Pro, Bonus Depreciation
#230: It's Rich Dad Month, Week 1 of 4. If you work at a W-2 job, learn how to reduce your taxes. Become a “real estate professional”. If you’re married with a stay-at-home spouse, you increase your chances. To qualify as a real estate professional, RE must be your principal activity and consume at least 750 annual hours. There are four income types for tax treatment: 1) Earned 2) Ordinary 3) Capital gains 4) Passive Passive losses are only deductible against passive income. We’ve recently undergone the most sweeping tax changes since 1986. Your bonus depreciation benefit was introduced in Trump’s Tax Cuts And Jobs Act - are you taking advantage of it? __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Tom Wheelwright: www.Wealthability.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: <span sty
S1 E229 · Mon, February 25, 2019
How To Obtain A Loan For Income Property with Caeli Ridge
#229: Holy shift! Mortgage rates have hit their lowest level in a year. 5.5% interest rate and a 20% down payment for an income property are today’s terms. 740 credit score gives you the best rates. Beyond your first 10 properties (single) and 20 properties (married), there is NO LIMIT on the number of properties you can buy (SFHs to four-plexes). Though after 10 single / 20 married, your interest rate will be higher, though not by much. Learn from Ridge Lending Group CEO & President Caeli Ridge about what you need to qualify for an income property loan today. We discuss your DTI: debt-to-income ratio. I give an example of how to determine yours. Want a cash-out refinance of your income property? 75% LTV for SFHs, 70% LTV for 2-4 unit properties. Learn about why today’s smart money often buys 1-4 unit properties rather than larger apartment buildings … … it’s the safety & stability of 30-year fixed loans. Remember, last month on the show, Jim Rogers told us interest rates will go much higher over the long-term. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Find Properties:</stro
S1 E228 · Mon, February 18, 2019
Donald Trump - The Real Story | Equity Flipping, Cap Rates
#228: Is Trump’s real estate wealth self-made or inherited? You get surprising answers. Also learn about property hold time, equity flipping, cap rates, health insurance, a mastermind group. How long should you hold onto an investment property? Short answer is 8 years. Generally, sell when you have at least 15% more equity than your contemplated replacement. “Equity flipping” is a term that I introduce to you today. Don’t flip property, flip equity. This increases your velocity of money. Learn all about Cap Rates. Cap Rate is income divided by price. Cap Rates are driven by supply and demand. Cap Rate excludes financing because you brought a mortgage to a property, the property didn’t come with the mortgage. Learn about health insurance for entrepreneurs. Next month on the show: Robert Kiyosaki, Tom Wheelwright, and Ken McElroy will all be here for “Rich Dad Month”. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Visual Capitalist: Trump: The Real Story World Real Estate Trends & Climate: <a href= "ht
S1 E227 · Mon, February 11, 2019
$10K Monthly Cash Flow With Each SFH
#227: You are aging. So is America. The U.S. median age keeps rising. We need more senior housing. Your demographics are baked in the cake. Gene Guarino , owner of the Residential Assisted Living (RAL) Academy & I tell you about the opportunity. Serve seniors by converting Single-Family Homes into Assisted Living Homes (ALHs). There are two distinct pieces here: 1) The real estate. 2) The business with residents & care staff. Average U.S. ALH tenant pays $4,000 per month x 10 residents = $40,000. Your net is about 30%. That’s $12,000 month. We discuss how to find the right real estate and strategies for filling it with residents. Rule of thumb: 300 sf for every resident is quite comfortable. Learn how an ALH-SFH “Profit & Loss Statement” looks. ALH tenants are long-term, low impact, and pay above-market “rent”. My friend Brandon heard Gene here on the show before. Brandon got started. We discuss. It’s easiest for you to buy an existing business. If you can’t then learn about your care staff’s necessary qualifications. Financing for ALHs? 80% loans. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: <span style= "font-size:
S1 E226 · Mon, February 04, 2019
You Need Multiple Income Streams, Real Estate & Land Use Facts
#226: You’re at risk with only one income stream. Federal government workers thought their income stream was “secure” until the recent shutdown. Recently, my friend was uprooted when his employer handed their family a job transfer (move or be fired). With only one income stream, you’re beholden to one boss or one company’s whims. You need multiple, durable passive income streams. America uses its land in surprising ways: 4% is urban land. 41% is pasture & range land. 20% is crop land. One company owns a timber stand nearly the size of West Virginia. Surprisingly, America is becoming less mobile. Fewer people move homes annually. Effects discussed. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Bloomberg: How America Uses Its Land Axios: Americans Less Mobile 2019 State Business Tax Climate <p style="text-align:
S1 E225 · Mon, January 28, 2019
Property Manager Expectations & Mistakes To Avoid, Houston Market
#225: Learn what manager fees you should pay & not pay. The “glue” that binds you & your profitable property together is your Property Manager (PM). Higher PM fees might be better or worse for you - it depends on what duties they perform. You pay both a Management Fee and a Leasing Fee. If there’s an activity that you DON’T want to do with your property, then make sure your PM will do it as stated in your Management Agreement. What should Managers DO? Collect rent, find tenants, market vacant property, perform maintenance, pay bills, handle emergencies. What DON’T Managers do? Sell or refinance a property for you. What falls in between? Extensive renovations, evictions, regular maintenance inspections. We discuss Property Management Agreements. GRE-Houston is perhaps the best investment market we’ve never discussed before. As America’s 4th-largest city, Houston has good rent-to-value ratios, low property prices, a vast economy, stunning growth, and laws benefit landlords over tenants. The Houston provider has BRAND NEW construction SFRs and duplexes for you. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Houston Turnkeys: <a href= "https://www.getricheducation.
S1 E224 · Mon, January 21, 2019
Jim Rogers | The End Of Wall Street
#224: The legendary Jim Rogers tells you about a recession, the economy, interest rates, residential & agricultural real estate, inflation vs. deflation and more. Jim Rogers co-founded The Quantum Fund, has his own commodities index, own ETF, and is one of the most influential business and investing moguls of our time. He tells us interest rates will go much higher. Lock in your debt now. Why inflation will win over deflation. Wall Street is coming to an end. He tells you why. Jim loves agricultural real estate. See our provider at GetRichEducation.com/Coffee I ask: “What should today’s young person do?” __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 04:15 The place to be was London 200 years ago, NYC 100 years ago, Asia today. 06:12 Interest rates will go much higher. 09:38 Inflation vs. deflation. 12:33 Recession. 14:40 Real estate, agriculture. 18:06 Wall Street is coming to an end. 21:25 What won’t change? 24:35 Coffee, water. 27:54 “What should today’s young person do?” 30:12 Korea. <span style="fon
S1 E223 · Mon, January 14, 2019
Real Estate & Stock Predictions, Pools vs. Streams, Live Before You Die
#223: You must build streams of income, not pools of income. Learn why. Then we recap what really happened in 2018, and predict how that affects you in the next couple years. Real estate up 5.5%, Dow and S&P down 6%, NASDAQ down 4% year-over-year. Learn how stock and bond movements affect mortgage rates. Next week, business mogul Jim Rogers joins us. Finally, will you “Live Before You Die”? (Lyrics to this segment below.) __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:40 Income Streams vs. Pools: The context of asset capital values. 07:21 Running the annual numbers - real estate, stocks, CPI, gold, oil, etc. 09:48 President Trump’s barbs. 14:23 Stocks and bonds affect on mortgage interest rates. 16:30 Predictions from Realtor.com’s Chief Economist. 20:51 Jim Rogers joins us next week. 23:32 “Live Before You Die” Audio Program. 29:22 “Live Before You Die” thoughts. Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com “Live Before You Die” lyrics: If you work for a salary or a wage, then money is an important factor in your life. So there you are, making between $60,000 and $150,000 per year. You’ve got a good home, steady employment, you drive a decent car. Sometimes you even feel “comfortable.” This one precious life of yours is made up of time. Are you trading away that time for dollars at a job that you aren’t passionate about? Every morning, you might even separate yourself from those you love… in order to do this. With real estate investing, you don’t want properties so much as you want its passive income - income that you don’t have to work for. Now your eternal time vs. money dilemma is solved. If you don’t know why you urgently
Bonus · Wed, January 09, 2019
Live Before You Die
If you work for a salary or a wage, then money is an important factor in your life. So there you are, making between $60,000 and $150,000 per year. You’ve got a good home, steady employment, you drive a decent car. Sometimes you even feel “comfortable.” This one precious life of yours is made up of time. Are you trading away that time for dollars at a job that you aren’t passionate about? Every morning, you might even separate yourself from those you love… in order to do this. With real estate investing, you don’t want properties so much as you want its passive income - income that you don’t have to work for. Now your eternal time vs. money dilemma is solved. If you don’t know why you urgently need financial freedom, do it so that you can “Be Yourself”. See… you wake up to a blaring alarm to get to your job - and that’s how your day starts. Then you’re programmed to tote company lines all week. Near the end of the work day, you’re playing another tireless charade - screwing around on the internet while you’re watching the clock like it’s a countdown timer so you can get out of there. that’s unethical. You aren’t being yourself… because you wouldn’t naturally do those things. Most employees aren’t driven by purpose, they’re driven by fear. Your growth can only begin when you peel back each layer of your vulnerability onion and get honest with yourself. The roots of change are nourished with genuineness. You’d rather quit your job and be a nature photographer or a Red Cross volunteer or a sports writer or travel. Even if your job is OK, wouldn’t life be better if you were job-optional? You haven’t created the time to feel peace, joy, happiness, giving, love and freedom in your life. You spend all this time learning how works works, zero time learning about how money works... yet money is the only reason that you even go to work. Look… you won’t obtain freedom by getting your money to work for you. Every dollar that you put in a stock or 401(k) plan can’t leverage other people’s money... ...for freedom, you must ethically employ other people’s money. That’s the mindset shift. Real estate gives you limitless access to other people’s money - the bank’s, the government’s, and your tenants. When you have enough passive income to meet all of your expenses, you can quit your job and be free! Real estate is the generationally-proven way to build wealth and you don’t even need any degree or certificate. That’s why I talk tirelessly on my podcast, and in videos, and articles and newsletters and wrote a book, and keep visiting the best geographic markets to find the right opportunities and properties and to meet the right people. In this one life of yours, you can either be a conformer or you can build wealth. Once you have time freedom, whether or not you want to go on
S1 E222 · Mon, January 07, 2019
Critical Mistakes To Avoid With Properties And Tenants
#222: Learn how to reduce vacancy and turnover cost in your property. Nationally, the rental vacancy rate is between 7% and 8%. If you increase occupancy from 90% up to 94%, that’s just 4%. But this could boost your CASH FLOW 20%. Increase occupancy by avoiding properties with functional obsolescence. Avoid high turnover cost by owning 1,500 sf single-family homes, not 2,800 sf homes. Learn more about investing in northwest Indiana’s 1% rent-to-value ratio turnkey property at www.GetRichEducation.com/Chicago Learn how to fit the property to the tenant. Find the best questions to ask both turnkey sellers and property managers. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:52 How to find area vacancy rates. 04:01 How to reduce vacancy with your lease agreement. 05:18 Importance of occupancy. 09:45 How to start right. 10:50 Avoiding functional obsolescence. 13:42 Avoiding larger SFHs. 18:18 Remodeling trends. 20:45 Handling late rent payments. 22:30 Tenant-property fit. 26:22 Best questions to ask a turnkey selle
S1 E221 · Mon, December 31, 2018
Russell Gray | 2019 Forecasts & Trends in Real Estate
#221: You will be impacted. Learn the latest in rent increases, interest rates, affordability, inflation, asset values, tariffs, institutional money in real estate, the “Build-To-Rent” trend. Learn why large companies raise rents faster than “mom-and-pop” investors like you. Russell Gray of The Real Estate Guys and I share what we discovered at prominent conferences this month. He co-hosts the amazing Investor Summit At Sea. I’ve attended this unique, world-class real estate investing event. Get event details. Send an e-mail to: gre@realestateguysradio.com It could be the best investment that you make in 2019. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:22 Tariffs effect on you. 05:48 Affordability. 09:05 Interest rates, inflation. 12:55 Small, but higher yields on savings accounts, CDs. 18:12 Institutional investors’ impact on you. 26:55 The “Build-To-Rent” trend in SFHs. 28:55 Buy vs. Rent your primary residence. 30:18 The special and transformative Investor Summit At Sea . 35:43 You could sit at a small table with Robert Kiyosaki. Resources mentio
S1 E220 · Mon, December 24, 2018
Two Podcast Hosts Debate Me About Wealth
#220: Financially-free vs. debt-free. Pick a side. In this interview and debate, I’m on the financially-free side. Two podcast hosts are on the debt-free side. Financially-free means doing what you want to do, when you want to do it. Debt-free means that you don’t owe anyone anything. Can’t you just pick both? Well, being on the debt-free side often means taking a step away from financially-free. Host Seth Williams and co-host Jaren Barnes run REtipster.com and the REtipster Podcast . __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:42 Example on why home equity is unsafe, illiquid, and ROI-zero. 05:30 Interview begins. 08:15 Average of the five. 10:02 Wealthy | Middle Class | Poor 12:46 Stop looking at property. 22:50 Is today a good time to buy real estate? 28:29 Financially-free vs. debt-free. 50:35 Reasons to avoid leverage. 52:58 Rising HELOC rates. 54:21 Long-term commitments. 58:27 “The Godfather Of Real Esta
S1 E219 · Mon, December 17, 2018
Tragedy Has Struck, Listener Questions, Scarce Skip Is Born
#219: Earthquakes ravaged my property. I’m 100% uninsured. Why don’t I have earthquake insurance? There’s a big lesson in this for you no matter where you live… and it’s not what you think. You take great risk if you don’t invest in multiple real estate markets. First, I answer your listener questions: “Should my first property be an owner-occupied four-plex or a turnkey SFH?” “If you could start over again in real estate, what would you do differently?” A character named “Scarce Skip” is born. Early next year, Jim Rogers, Robert Kiyosaki, and Garrett Gunderson are scheduled to be on the show. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:37 Should my first property be an owner-occupied four-plex or turnkey SFH? 12:50 If you could start over in real estate, what would you do differently? 16:14 Telling me I “got lucky” by starting with a four-plex. 19:48 “Scarce Skip” is born. 21:38 Earthquakes ravaged my psyche and property. 35:09 Five key lessons. 36:16 Seismic engineering and construction. Resources mentioned: <s
S1 E218 · Mon, December 10, 2018
Increase Your Cash Flow Instantly With Private Money Lending
#218: You can achieve 10.5% Cash-On-Cash Returns with debt investing. With Private Money Lending, you rent your money (not your property) to a borrower. Their real estate is your collateral. This way, you have greater passivity and stability than most equity real estate investing. You participate on the DEBT side rather than the EQUITY side of real estate investing. You have a fixed, predetermined rate of return. You are in first lien position. This means that if your borrower defaults, you can get paid back first. This is debt syndication. That simply means that a number of lenders make a loan on one construction project. Act and learn more: GetRichEducation.com/Lending Most lending durations are 12-36 months. Typically, that’s how long you receive monthly cash flow payments, with your principal returned at the end. Today’s guest, John Larson , Managing Partner at American Real Estate Investments, tells us about debt syndication in the Dallas-Fort Worth market. Medical and office space are often developed, with 25-35 lenders on $2M-$4M properties. If something goes wrong with a project, we discuss how you’re repaid. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:35 Before making a loan on someone else’s real estate - here's what you must know. 05:24 First lien position, debt syndication. 08:12 Personal story of when I met John Larson. 10:25 Motivation for debt rather than equity investing. 12:48 Astounding strength of Dallas-Fort Worth, TX economy. 14:11 If something goes wrong, how does the lender (you) get repaid? 16:57 Who is debt investing ideal for? Cash, IRAs, 401(k)s. 21:23 How the developer identifies the right opportunity. 24:14 What if something goes wrong? 25:04 “Say I invest $100K, when and how am I paid?” 28:15 John is a new author. I wrote the book’s foreword. 31:39 See if Private Money Lending is right for you at GetRichEducation.com/Lending . Resources mentioned: Private Money Lending: GetRichEducation.com/Le
S1 E217 · Mon, December 03, 2018
Passive Real Estate Investing - Pros & Cons
#217: Turnkey RE mistakes to avoid are discussed. Turnkey means “all-done-for-you”. You’re buying property already rehabbed, tenanted, and under management. You’ve outsourced work and sweat equity. Turnkey pros: less time, less rehab risk, instant income, built-in management. Turnkey cons: less rehab control, no sweat equity. Just because a company is called “turnkey” does not make them a good operator. I tell you how to reduce property repair costs. Today’s guests, Terry Kerr and Liz Nowlin of Memphis, TN’s Mid South Home Buyers , are exemplary turnkey providers. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:34 Turnkey does not mean “completely uninvolved”. 04:12 Control. 07:22 Unethical operator tactics. 09:02 Inspections. 09:43 Management. 13:05 How to reduce repair costs - insurance claim, warranty. 14:56 Pros of turnkey. 19:49 Why Memphis? 24:14 Rent amount, occupancy rate. 26:53 Integrated business. 29:37 Extent of rehabilitation, management. <
S1 E216 · Mon, November 26, 2018
Active Real Estate Investing - Pros & Cons
#216: Hands-on real estate has its risks and rewards vs. passive investment. Learn about “scaling up” your portfolio into larger buildings. If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone. How do you afford all this? You can ethically take a Developer Fee for yourself. Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties. We also discuss: buying property on a corner, commercial financing, elevators & parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 04:18 Victor Menasce Interview begins. 06:27 Commercial financing qualification. 09:10 Refinancing your existing residential property into commercial loans. 12:06 Operating 10-plex to 12-plexes. 14:59 Corner properties. 17:18 Adding elevators and parking. 22:59 How do you afford all this? 26:55 Building your team. 33:55 Underwriters vet your Property Manager. 35:45 Foundation issues. <s
S1 E215 · Mon, November 19, 2018
A Recession Is Coming
#215: The economic recession is inevitable. How are you positioned for it? Recessions are awful. Jobs are lost, careers are thrown off-track, families are disrupted, homes are lost. The U.S. is now in its second-longest expansion since 1857 (not a typo). It will end. I define a “recession”, WHEN the next one is expected, and what actually happens inside one. Next, I run the numbers and tell you about a recession’s destruction. 5-6 economic signals foretell the next recession’s timing. I discuss these signs. Learn how a recession could actually be good for you. Something is more important to you than the economy’s condition. I discuss. Learn actionable strategies to insulate yourself against recession. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:25 Recession defined. 04:47 Timing of next recession. 07:35 Running the numbers on how a recession hurts you. 11:49 Five or six signals of a recession. 21:50 Actionable layer of insulation against recession: medical districts. 27:28 Perspective: other world problems. 29:18 Fears. 30:00 What YOU DO matters more than the economy’s condition. <p style="text-align: c
Mon, November 12, 2018
Cash Flow & Appreciation In One Market
#214: One U.S. real estate market is experiencing 6-9% appreciation, cash flow, rapid population growth, low housing prices, low property taxes, and zero state income tax. I visited the market earlier this year. In fact, I just bought two properties from them myself here . This area also has a low unemployment rate, proximity to great beaches, and pro-landlord law. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:30 Summary of New Orleans Investment Conference. 04:23 Mark Skousen’s dividend-paying stock picks: MAIN, OHI, EPD, MSFT. 05:29 California’s defeated rent control measure. 08:14 Amazon will name two new HQ locations. 11:39 Tampa market discussed. 15:26 Hurricane insurance. Properties located inland, not in flood zones. 19:40 Finding the “sweet spot”. 24:21 Typical: 3 BR, 2BA, 1-car garage, backyard, 1,200-1,500 sf. Rent $1,100. Price $120K-$150K. 25:05 Management. 29:22 Timing of buying income property now. Learn more at GetRichEducation.com/Tampa Resources mentioned: <a href= "https://www.getricheducation.com/tamp
S1 E213 · Mon, November 05, 2018
Residential vs. Commercial Real Estate
#213: Your tenants are businesses, not families, in commercial RE. Tenant screening is different than residential. You must vet your applicant’s industry viability and corporate finances. Leases often last 3 - 15 years in industrial, retail, office, and warehousing RE. Single-Tenant vs. Multi-Tenant Commercial differs in risk, lease duration, more. A “big name” tenant means you must accept a lower investor return. Find the sweet spot. Tom Wilson , Principal of Wilson Investment Properties and commercial RE expert, joins us. Tom tells us how commercial has higher cap rates than multifamily today. Two myths Tom & I dispel: retail is dying, America does not manufacture anymore. Terms discussed: triple net lease, anchor tenant, credit tenant, commercial depreciation, tenant improvements (T.I.). I discuss brick-and-mortar retail vs. e-commerce. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:37 Why you must find a compatible mix of uses. 05:03 Why Tom transitioned from residential to commercial. 09:53 How commercial RE is different. 13:57 Commercial vs. residential lease duration. 15:40 Vett
S1 E212 · Mon, October 29, 2018
Savers Are Losers. Debtors Are Winners.
#212: Really? Yes. I unpackage it all. In fact, these are the words of the Top-Selling Personal Finance Author Of All-Time, Robert Kiyosaki. *[Complete transcript far below - you can follow along]* Look, I have no savings account. I own no stocks, bonds, mutual funds, nor ETFs. I have no plans to pay off my home, though I could. Instead, it’s about durable passive cash flow. Either you can be conventional, or you can be wealthy. Pick one. I tell you how savers can be losers and debtors can be winners. Inflation amplifies this notion. Keep a high velocity of money. You wouldn’t tolerate a lazy employee, so why tolerate lazy money? Then I discuss how high real estate prices and higher interest rates will affect you. More Americans believe renting is cheaper than owning their own home. I tell you why your ROTI increases throughout your life. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:30 Convention says: “Save money and pay off your house before retirement.” 06:20 I have millions in debt. 08:46 How savers can be losers and debtors can be winners. 10:41 Inflation. 13:10 Debt and equity. 18:04 Mortgage rates should rise 1% in the next year - how this affects you. 23:08 How higher rates affect your tenant. 25:48 Today, more people think it’s wiser to rent than own their own home. 30:31 National homeownership rate. 31:06 Return On Time Invested. Resources mentioned: WSJ: Renting Cheaper Than Owning CNBC: Renting vs. Buying Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com <p style="text-align: center;
S1 E211 · Mon, October 22, 2018
Ken McElroy | Debt Mindset
#211: Learn from Rich Dad Real Estate Advisor Ken McElroy . We discuss debt mindset, cash flow, how to manage your team, how to vet property managers and contractors, screen tenants, how to avoid bad partnerships. Ken owns $1 B illion worth of apartments. He needs to place $70M-$80M worth of cash soon, and trade $300M of real estate the next three months. Don’t say: “I can’t afford it.” Ask: “How can I afford it?” Your financial income will never exceed your self-concept. Overcoming your aversion to debt leads to wealth. Cash flow vs. capital gains investing discussed. See Ken’s instructional videos at kenmcelroy.com/videos . __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:55 Mindset and self-concept. 09:05 Debt. 13:20 Cash flow vs. capital gains. 20:20 Paying taxes. 25:45 Partnerships: business, contractors, tenants, PMs, employees. 29:50 How to vet a Property Manager. 32:45 Vetting contractors. 37:52 Screening tenants. 39:40 Ken
S1 E210 · Mon, October 15, 2018
You Become Your Expectations
#210: What you expect of yourself is exactly what you’ll end up getting. Learn how to set up a life full of options, not obligations. If you have an undesirable job and think you can’t switch to a happier, lower-paying job, I tell you how to. How can you justify living a life where you celebrate when every week is over? I update you with an asset class price whiparound: real estate, stocks, oil, gold, interest rates, wages and unemployment. Next, I answer four of your listener questions: Should I put 15% or 20% down payment on a property? After buying ten properties, what’s next? Mistakes to avoid with the 1031 Exchange? Should I self-manage or hire professional property management? I bring you today’s show from Anchorage, AK. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:00 You Become Your Expectations. 11:02 Asset class whiparound. 12:35 15% vs. 20% down payments on income property. 17:33 After buying ten properties, what’s next? 23:12 Mistakes to avoid with the 1031 Exchange? </span
S1 E209 · Mon, October 08, 2018
You’re Being Taxed To Death with Kristin Tate
#209: You’re getting taxed in sneaky ways - both everywhere you look, and also where you DON’T look. Americans spend more on taxes than housing, food and clothing costs combined. Real estate has the best tax shelters - tax-deferred exchanges, rent income exempt from Social Security and Medicare tax, and tax depreciation sheltering more of your rent income. Today’s guest, FOX News and CNN TV Contributor Kristin Tate , uncovers hidden taxes that you don’t even know that you’re paying. Stealthy taxes are killing you. They’re often disguised as fees, licenses, and surcharges. Once citizens pay a new tax, they get used to it, and just keep paying it. Housing taxes, transportation taxes, utility taxes are often hidden. You learn where. Your tax revenue often goes to a “general fund”, not where it “should”. Graduated Tax vs. Regressive Tax - definition, relevance. Sin taxes. We discuss what you can do to beat excessive taxation. Kristin’s book, “How Do I Tax Thee ” is on Amazon. I bring you today’s show from Locarno, Switzerland. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:24 Real estate has the best tax shelters. 06:01 Venice, Italy. 10:
S1 E208 · Mon, October 01, 2018
Invest Your Retirement Funds Anywhere with the QRP featuring Damion Lupo
#208: With a $55,000 annual contribution limit, the QRP gives you checkbook control of your IRA. You can invest your retirement money in nearly anything. Retirees are suffering with 401(k)s and IRAs. QRPs provide a better way. Damion Lupo tells us how. QRPs avoid the UBIT tax. Self-directed IRAs do not. Learn more from Total Control Financial by texting “QRP” (ALL CAPS) to 72000. QRP stands for Qualified Retirement Plan. You can invest in nearly anything with your retirement funds, get a $50,000 line of credit, and creditor protection. With Self-Directed IRAs, you might have to pay tax on leveraged gains; QRPs are exempt. With QRPs, you can invest in residential property, metals, cryptocurrency, options, tax liens, notes, vacant land, mobile home parks, more. You can set up a QRP with less red tape than a Self-Directed IRA. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:51 Pensions replaced with Defined Contribution Plans. Retirees suffer. 06:25 Gold and silver. 10:52 I make a simple break down of 401(k)s and IRAs. 13:58 Damion reminds you: don’t plan to be poor. 15:26 UBIT is ugly. QRPs av
S1 E207 · Mon, September 24, 2018
The Spender vs. The Saver | DealCheck app
#207: I am a spender. Our guest is a saver. Spenders defer financial wealth. Savers defer quality of life. This interview takes a sweeping turn when our guest tells us he’s “very frugal”, because I’m not. Hear my “The Spender vs. The Saver” commentary in the last ten minutes of the show. The creator of one of the world’s most successful real estate investing apps, Anton Ivanov and the DealCheck app , joins us today. I’ve used myself. It’s great, and free. For 25% off the optional premium upgrade, use Discount Code GRE25OFF. From his San Diego homebase, Anton has grown his nationwide portfolio to 35 units and $11K of monthly cash flow. He owns in Kansas City, Birmingham, and Atlanta. The Spender vs. The Saver: there is no right or wrong. This is why it is called PERSONAL finance. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:05 Infographic: 5 Ways Real Estate Investors Get Paid. 04:43 Anton Ivanov’s investor story: duplex, turnkeys, apartments. 19:35 The Spender vs. Saver. 31:18 DealCheck phone app : analyze cash flow, cap rate, CCR, etc. Integrates with MLS. It’s free. For 25% off a premium upgrade, use Discount Code GRE25OFF 39:21 My commentary: The Spender vs
S1 E206 · Mon, September 17, 2018
Your Questions: Debt, BRRRR, Mortgage History Since 1935
#206: Student loan debt vs. real estate investing. Where should you devote your dollars? You get answers. I tell you how to eliminate investing “uncertainty”. The “BRRRR” real estate investing strategy is discussed - pros and cons. It’s a hybrid between flipping and buy-and-hold. Turnkey vs. BRRRR real estate investing. I cover the history of mortgages from the 1930s to today. FDR and World War II had substantial impact. Fannie Mae was born in 1938. Freddie Mac didn’t begin tracking mortgage rates until 1971. 2000 was the last year that mortgage rates (30-year FRMs) exceeded 8%. The median 30-year mortgage rate since 1971 is 7.7%. Let’s meet in-person at the New Orleans Investment Conference . __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:13 Student loan debt vs. real estate investing. 07:53 The BRRRR Strategy: pros and cons. 17:00 Turnkey vs. BRRRR real estate investing. 19:44 History of mortgages: 1930s to today. 26:33 The median 30-year mortgage rate since 1971 is 7.7%. 28:56 Let’s meet in-person at the New Orleans Investment Conference . <p style="te
S1 E205 · Mon, September 10, 2018
A Diamond In The Rust Belt
#205: A dollar is not money. Money serves three purposes. It is a: #1: Medium Of Exchange #2: Unit Of Account #3: Store Of Value There is an opportunity for you to invest in cash-flowing real estate in Cleveland ( link ). After discussing the roles of money, currency, and real assets, we discuss the Cleveland , Ohio real estate investing market. Generally, if a place is too desirable to live in, it is a bad place to invest in long-term rental real estate for cash flow. But it must be attractive enough to retain residents. Cities must reinvent themselves when manufacturing wanes. Cleveland has doubled-down on medical technology and has become a world leader in health care. Eight Fortune 500 companies are headquartered here. The Cleveland Clinic is a world health care leader. Neighborhood selection, pockets for long-term appreciation and cash flow discussed. Typical in Cleveland: 3 BR / 2 BA, $700 - $1,000 rent, $80,000 price, 2% property tax. This provider : financing-friendly, in-house management, guarantees, annual inspection, give tours. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:06 Money and currency roles. <span s
S1 E204 · Mon, September 03, 2018
Why Your Property Could Never Appreciate | Guest Matt Theriault of Epic Real Estate Investing
#204: Your real estate ROI could be a billion dollars. Even if your property never appreciates nor pays you the other four ways, I discuss a little-considered way where you’re STILL profiting. Real estate price and value are different. “Return ON Equity” vs. “Return FROM Equity” discussed. Are you leveraging appreciation or leveraging inflation? Inflation assists leveraged real estate investors 3 ways: asset inflation, debt debasement, and higher cash flows. Real estate flipping vs. investing is discussed with Matt Theriault. Matt and I discuss the mindsets around passive income vs. active income. The importance of markets and teams. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:13 Your ROI. 03:54 If your property never appreciates or pays you, here’s how you profit. 07:08 Leveraging inflation, not appreciation. 13:10 Cleveland cash-flowing property . 15:33 Matt Theriault joins us. 22:25 Retirement. Piles vs. streams of income. 29:12 Flipping vs. Investing. 31:08 Markets and teams. 35:42 You must act.</strong
S1 E203 · Mon, August 27, 2018
Wealth Without Debt Is Impossible, Doctors & Investing - with Dr. Buck Joffrey
#203: Doctors’ debt is $200K-$600K+ after medical school. Should they pay it off or invest in real estate instead? Most view doctors as “successful” - they help people and earn more than most. Dr. Buck Joffrey joins us. Are doctors “too academic” to be concerned with investing? They miss out. Get his great Wealth Formula Roadmap Course . Young doctors often ask veteran doctors what to do with their money. They get referred to a typical financial advisor. “The Rule Of 72” is misleading. Mutual fund investors often make zero return. It is impossible to build substantial wealth without (good) debt. That is, debt that’s outsourced to others, like tenants. I give a concrete example of how debt creates wealth for you with a $1M building where you make a small down payment. Inflation dilutes the weight of your debt. Wealth Formula = Mass x Velocity x Debt Dr. Joffrey’s first apartment building was bought based on “a promise” - a pro forma on a Class D building. It was awful. _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths _______________ Listen to this week’s show and learn: 02:10 My chat with a new medical doctor and his $450K debt. 06:00 Dr. Buck Joffrey interview begins. 09:05 Are doctors “too academic” to be concer
S1 E202 · Mon, August 20, 2018
Rise Of Single-Family Rentals, Buckets vs. Sprinklers
#202: $108,000 was my highest salary from my day job. I discuss. There’s high housing demand and low supply. Then why are homebuilders slowing down? You get answers. SFHs comprise 30-35% of all U.S. rentals. 90% of rental SFHs are owned by “mom & pops”. Learn how to exploit real estate’s geographic arbitrage. How are you living? Metaphorically, are you using water buckets or a sprinkler system? Meet me in-person at the New Orleans Investment Conference, Nov. 1st to 4th. I made an infographic to send you: “The 5 Ways Real Estate Investors Get Paid”. _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 02:12 Supply vs. Demand and “Capacity To Pay”. 03:59 Homebuilding slowdown. 10:40 SFHs comprise 30-35% of all rentals. 90% of rental SFHs are owned by “mom & pops”. 13:02 Geographic arbitrage. 16:39 Water Buckets vs. Sprinkler Systems. 19:06 Security vs. Freedom. 23:48 Meet me in-person in at the New Orleans Investment Conference, Nov. 1 - 4th: https://goldnewsletter.com/wp-content/uploads/2018/07/NOIC_2018_GRE.html 27:32 Infographic: “5 Ways Real Estate Investors Get Paid.” Resources Mentioned: <span style= "font-si
S1 E201 · Mon, August 13, 2018
How To Qualify For Income Property Loans with Caeli Ridge
#201: Your down payment, credit score, reserves, debt-to-income ratio necessary for an income property loan are discussed. Ridge Lending Group President and CEO, Caeli Ridge , also tells you 15% of appraisals come in low, 80% right on, and 5% above the contract sale price. Can a bank call your mortgage loan payment due-in-full anytime? Short answer is “no”. We discuss. Learn some good options after your first 10 loans (single) or 20 (married) are exhausted. We discuss the effect of higher mortgage interest rates on your cash flow. HELOC interest is not always tax deductible. Be mindful that Trump doubled the standard tax deduction threshold. _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 02:58 Receiving sale price discounts for paying cash rather than financing property. 08:48 Two sets of underwriting guidelines: loan spots 1-6, loan spots 7-10. 18:40 Can a bank call your loan due-in-full anytime? 22:50 Max. LTVs on cash-out refis. 26:56 Portfolio financing beyond ten loans: 6.375% interest rate. 31:00 Higher interest rates than last year. 33:27 Appraisals. 36:26 Underwriting guidelines: too loose or too tight today? 39:15 Phone 855-74-RIDGE | www.RidgeLendingGroup.com | info@ridgelendinggroup.com
S1 E200 · Mon, August 06, 2018
Die With Memories, Not Dreams
#200: Discover your “why” in life and real estate. You should have a selfish why and an altruistic why in real estate investing. I summarize today’s economy and asset values: GDP growth, real estate, stocks, interest rates, cryptocurrency, oil, dollar, precious metals, The Fed. As a Forbes writer, I’m going on offense, not defense. You hear the audio clip: “7 Minutes To A Wealthy Mindset”. Enjoy this milestone 200th Episode - the Bicentennial Installment of GRE! _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:52 Up and down market cycles. 02:02 You live a great life. 04:33 Your “why”. 10:02 Why I’ll never paint a wall or mow a lawn again. 14:58 Programming changes. 16:07 Today’s economy, GDP, asset values. 25:12 At Forbes, I’m going on offense, not defense. 26:52 Audio clip: “7 Minutes To A Wealthy Mindset” video. Resources Mentioned: Videos: GetRichEducation.tv My Forbes article: Home Equity <p style="text-ali
S1 E199 · Mon, July 30, 2018
GRE Skeptic-Turned-Listener Dustin Jones
#199: He thought this show was dumb, debt was bad. He originally listened to laugh rather than for financial education. In 2009, Get Rich Education (GRE) listener Dustin Jones suffered a personal bankruptcy as a result of high real estate commercial debt tied to properties with declining value. His goal was to be debt-free by age 40. In 2015, that all changed when he began listening to Get Rich Education. He learned that financially-free beats debt-free. Now Dustin embraces debt again by strategically turning equity into cash flow. He has $781,000 in debt, and hopes to have $1.1M to $1.2M by year-end. Isn’t that counterintuitive? It’s a fascinating story of tragedy, resilience, learning, strength, and self-belief with remarkable Michigan-based GRE listener Dustin Jones. _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 03:47 Building a real estate portfolio in Flint, MI. 05:48 Declining property values and rent incomes. 08:46 Bankruptcies. 09:36 Calling notes due generally doesn’t happen on performing, residential loans. 12:52 Dustin thought debt was dumb. 13:56 Finding GRE in 2015 and laughing at how it first sounded like nonsense. 19:00 Applying abundant concepts. 21:33 Buying 5 properties in Houston, Memphis, an
S1 E198 · Mon, July 23, 2018
Your Cash Flow, HELOCs | Real Estate Technology with Daren Blomquist
#198: The five ways real estate pays you, your monthly cash flow and using HELOCs are three listener questions that I answer today. Home inventory is so low that machine learning and artificial intelligence are being used to predict when someone is likely to sell. ATTOM Data’s Daren Blomquist tells us where today’s housing values are compared to pre-recession peaks. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:57 How would $1,500 monthly cash flow help me? 04:00 The “5 Ways” real estate pays you. 06:40 HELOCs. 26:16 Daren Blomquist interview begins. 29:00 Machine learning, artificial intelligence in real estate. 35:00 Higher mortgage interest rates = higher home prices. 38:18 National median housing prices vs. “pre-crash” highs. 40:30 Housing values in “stable” markets. 43:38 Get Rich Education TV . Resources Mentioned: www.attomdata.com Get Rich Education TV: GetRichEducation.tv Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Apartment Investor Mastery: BradSumrok.com Turnkey RE: NoradaRealEstate.com Find Properties: GREturnkey.com GRE Book: GetRichEducation.com/Book Education: GetRichEducation.com Hey, welcome in to Get Rich Education, Episode 198. I’m your host Keith Weinhold and I’m going to answer a few listener questions today… ...about your cash flow, your total rate of return, and finally, Home Equity Lines Of Credit. Then we’re going to have one of the top real estate trend trackers in the nation join us here later. Let’s get right into it. Ellis from Gastonia, North Carolina asks, “Keith, Episode 188 had a great breakdown of how run you all of the numbers o
S1 E197 · Mon, July 16, 2018
Inventor Of 401(k), Ted Benna Joins Us
#197: I dislike 401(k)s. They REDUCE your income. Sound investments INCREASE your income. Most people simply do not realize that there are alternatives to “defined contribution” retirement plans like 401(k)s, 403(b)s, 457s, IRAs, and Canadian RRSPs. Societal belief systems condition you into “Salary Reduction Plans” - which is, in fact, an early name of the 401(k)! The man credited as the “Father” and “Inventor” of the 401(k), Ted Benna , joins us today. He created and gained IRS approval of the first 401(k) savings plan. Even Ted laments that they should be “blown up”. They are not serving participants in the way they were intended. Ted & I discuss alternatives to 401(k)s. Personally, I don’t invest in 401(k)s. Admittedly, I used to, succumbing to poor financial education and societal conditioning. They’re not designed to begin paying you until between age 59.5 and 70.5. That’s a “life deferral plan” - awful. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 02:09 What exactly is wrong with a 401(k). 06:45 Replace your “Salary Reduction Plan” with a “Salary Increase Plan”. 08:02 Similar plans like 403(b), 457, IRA, Canadian RRSP. 09:30 Ted Benna Interview begins. 1980 roots. 12:45 Reducing employee wages. 13:37 Benefits and drawbacks of 401(k)s. 18:51 Fees. <
S1 E196 · Mon, July 09, 2018
The Most Important Issue Of Our Time?
#196: For under $20,000, you can own deeded agricultural property. It produces cash flow from the crop harvest. Food is an innate human need. Earth’s population grows by 200,000 people daily. But arable land has decreased by 1/3rd in just the last forty years! You can invest in half-acre parcels of coffee and cacao for appreciation and cash flow. They’re deeded to you. The parcels are turnkey-managed by an expert team including agronomists, soil scientists, biologists, a value chain analyst, and laborers. These are higher-grade coffee and cacao varietals - specialty coffee and fine-flavored cacao. Coffee is the second-most traded commodity in the world (oil is #1). We discuss the benefits, risks, cash flow, and your projected ROI. Learn more: see the Coffee and Cacao Investor Reports. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:14 The world needs food. It’s population grows by 200,000 people daily. Arable land decreases. 06:15 Previously, this guest appeared with us on GRE Episodes 28, 60, 125, 157. 07:40 Coffee tree parcels in Panama, cacao tree parcels in Belize. 11:07 Team of farm management pros. Soil science. 18:13 On-site handling adds “single estate” value to beans. 21:16 Who is your end consumer? 27:18 Annual cash flow from annual harvests. 31:20 Trees don’t vacate property. Tenants do. 33:20 11% return plus potential appreciation. 34:00 Half-acre parcels available now: $18,900 coffee, $25,725 cacao. 35:18 Commodity prices. 37:36 Attend a coffee and cacao field trip. 39:37 The world has about 200 nations. How many do you own property in? 43:17 Learn more: see the Coffee and Cacao Investor Reports. Resources Mentioned: Coffee Report: GetRichEducation.com/Coffee Cacao Report: GetRichEducation.com/Cacao Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com <p
S1 E195 · Mon, July 02, 2018
Quit Working For Money and Be Yourself | Prosperity Economics with Kim Butler
#195: If I had maxed out a loser 401(k) when I worked a “day job”, you never would have heard my name. I'd still be working. Learn how to build multiple income streams. The average millionaire has 7 income streams. Be frugal with your time, not your money. I discuss the mindset around building passive income to have time freedom in your life. If you don’t invest in real estate, then how else will you acquire wealth? Options explored. Be yourself. When you strictly trade your time for dollars, you aren’t being yourself. When you have more time, it makes you more of what you are. Kim Butler of Partners For Prosperity joins us. She’s an original Rich Dad Advisor. She & I discuss retirement, the importance of passive income, and more. “Financial planning” has an ugly connotation. Kim & I break it down. We discuss why people keep investing in losing 401(k)s, IRAs, and other “life deferral plans”. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:46 You are an investor. 02:19 Your life’s cash inflows & outflows. 09:16 Be yourself. 13:01 How you benefit when you’re “halfway there”. 18:08 Kim Butler interview begins. “Financial planning” has an ugly connotation. 25:57 Why do people still inve
S1 E194 · Wed, June 27, 2018
Apartment Building Investing In A Hot Market with Brad Sumrok
#194: The apartment building space is hot. Unless you’re experienced, you need help from an expert that can help you navigate today’s apartment environment. Brad Sumrok , “The Apartment King”, joins us today. His apartment building students get results, closing dozens of larger apartment buildings every year. Brad began with buying a 32-unit building in 2005. Today, he provides forecasts to the apartment industry, and hosts live training events. Tens of thousands listen to his every word. But is it too late to buy apartments today? Apartment prices keep running up. Cap rates are compressed. Now, interest rates are higher. Brad tells you where to look today. I ask Brad, “What’s an underlooked apartment market or niche today?” He names exact towns. Think you can’t afford a $5 million building? Yes, you can. Brad tells you how. Learn how to outbid others when there are multiple offers for an apartment. His in-person events draw large, energetic crowds and he fills bus cavalcades with hopeful investors on apartment field trips . Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:27 Leveraging rent increases. 04:10 Brad Sumrok Interview begins. 07:28 Is it too late to buy apartments today? Prices are higher. 09:36 Cap rate compression. 10:23 Interest rate rise.</str
S1 E193 · Wed, June 27, 2018
How To Raise The Rent | Amazon HQ2 with Daren Blomquist
#193: If you raise the rent, these deadly mistakes will make your tenant move out. Learn how to effectively raise the rent in a way that makes your tenant stay. Rent escalators. You learn how to leverage your rent hikes. I review exactly what to include and exclude from your Notice Of Rent Increase Letter. Where do I get my investing and real estate information from anyway? I tell you. ATTOM Data Solutions’ Daren Blomquist reveals the exact city where Amazon is most likely to locate their second headquarters (HQ2) based on their research. Flipping activity can be predictive of “up-and-coming" neighborhoods. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:42 You can leverage rent raises! 04:21 Mistakes to avoid in rent hikes. 07:01 Steps to raise the rent properly. Rent escalators. 10:36 Notice Of Rent Increase Letter. 15:55 Daren Blomquist Interview begins. 16:42 Amazon HQ2. 23:59 Neighborhood grading. 27:57 Flipping activity can predict "up-and-coming" neighborhoods. Resources Mentioned: AttomData.com <span style= "font-size: 10p
S1 E192 · Wed, June 27, 2018
Avoiding Rent Control and Rent Problems
#192: Your property can be damaged by Rent Control; so can your community. Today, you learn how to avoid it. You buy, sell, and rent your property at market value. But what happens when an outside force comes in and disrupts your “free market”? I also tell you about a major tenant problem from one of my own apartment buildings. To avoid losses, learn what clauses to put in your Lease Agreement. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:30 The Broken Window Fallacy. 06:42 30-year mortgages vs. 15-year mortgages. 07:53 Rent control. 20:21 A flood in my apartment. Renter’s Insurance. 24:33 Security deposit and last month’s rent. 28:10 Resort property with cash flow. Resources Mentioned: Keith’s Recommended Reading List Book: Economics In One Lesson The Landlord’s Almanac Placencia, Belize Investor Report <stro
S1 E191 · Wed, June 27, 2018
Why Fourplex Buildings Are An Investing Sweet Spot with Steve Olson
#191: What makes fourplexes such great wealth creators? Financing and economies of scale. But there’s one giant pitfall with many fourplexes. Today’s guest, Steve Olson of the Fourplex Investment Group (FIG) has an elegant solution to the pitfall. He tells us how to maintain your investment’s value for long-term returns. You need to safeguard yourself against neighborhood blight to protect your investment’s value. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:30 Fourplexes are the largest building for residential financing. 03:27 Safeguarding against neighborhood blight. 07:00 The FIG: Fourplex Investment Group . 09:09 How to repel neighborhood blight. 14:50 Pro formas. 17:48 Dealing with today’s compressed cap rates. 21:15 Pre-construction. 24:55 Exit strategy. 28:05 Fourplex prices. 32:55 Financing. 36:42 Property management. Valuation, appraisals. 38:54 Duplexes. 41:40 Keith’s analysis of the investment. Resources Mentioned: <a href="http://w
S1 E190 · Wed, June 27, 2018
How Rising Inflation Makes You Wealthier with Richard Duncan
#190: Did you think that inflation only makes you poorer? Learn many simple examples about how inflation makes you wealthy. Here's a clue: inflation impoverishes savers and enriches debtors. MacroEconomist Richard Duncan joins us. He predicts the future direction of inflation and interest rates. Learn the difference between RE appreciation and RE inflation. Richard tells us why “money printing” no longer equals inflation. Globalization could be reversed. This pushes inflation higher. Richard tells you how to act in response to what’s coming. Richard’s brilliant economic work is at RichardDuncanEconomics.com . Get 50% off a MacroWatch subscription with the Discount Code “GRE”. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:03 I used to ask myself how RE investing could be any good. 02:18 Signs of consumer inflation. 04:05 Simple examples of how inflation makes you wealthy. 07:41 Financial forces you can and cannot control. 11:30 Is some inflation good? 13:40 Appreciation vs. Inflation. 15:16 Why “money printing” no longer equals inflation. 24:20 How globalization could reverse, stoking inflation. Tariffs, trade war. 27:
S1 E189 · Wed, June 27, 2018
Real Estate Investing In A Bustling Market with Greg Bond
#189: If an income property is so good, why would anyone sell it to you? You get answers. I tell you how long it took me to quit my day job to replace it with passive income. Single-family income properties vs. apartment buildings are compared. Invest in a growing place. Florida keeps growing due to: affordable housing, warmth, coasts, and it’s the only income tax-free state east of the Mississippi River. The Orlando, Florida area has grown 20%+ in just the last decade. Turnkey RE investing means that a property is: 1) Already rehabbed. 2) Tenanted. 3) Under Management. 4) Produces income from Day One. $80-$150K, 36-month avg. tenant duration, 1.8% property tax, rent-to-price ratio ~0.9%. Areas north of Orlando work best. Some areas to the south have economies more dependent on fickle tourism. Learn more about investing in Orlando turnkey property at: GetRichEducation.com/Orlando Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:14 I discuss how long it took me to quit my day job. 02:51 Single-family income properties vs. apartment buildings. 10:34 Why Florida grows at a phenomenal rate. 16:11 Two incomes doesn’t have to mean “both parents work”. 18:02 Definition of “turnkey”. 19:25 Pros and cons to turnkey RE investing. 22:02 Commu
S1 E188 · Wed, June 27, 2018
How To Run Your Property's Numbers, Power Of Live Events with Inaky Strick
#188: Learn to run the numbers step-by-step on a real income property and determine your ROI on 1502 Merrycrest Drive in Memphis, TN. We discuss how to create your own economy. It depends on YOU, not the national government or the local economy. Your income property is merely a widget that secures an income stream. Many people self-manage and have no margin for professional management. You often get a better return passively than they do actively. Why pin your hopes on compound interest? Consider compound cash flows. Inaky Strick joins us to tell you what he’s learned from attending elite live events. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:02 How to create your own economy. 05:23 Your income property is merely a widget that secures an income stream. 06:54 We run step-by-step numbers on 1502 Merrycrest Drive, Memphis, TN and determine your cash-on-cash return. 14:14 Real estate math is simple. 15:20 Total ROI calculated with the “5 Ways” you’re paid. 19:52 Why I don’t consider “instant equity” as a sixth way you’re paid. 21:17 Compound cash flows. 25:40 Inaky Strick tells us what he’s learned from attending live investing events. 34:25 How Inaky affords going to all these events. 39:35 Your self-belief. <p style="text-align: cent
S1 E187 · Wed, June 27, 2018
100-Year Mortgages and Qualifying For Income Property Loans with Graham Parham
#187: A mortgage is a tool. Used responsibly, you can control 5x as much real estate with 20% equity than you can with a paid-off property. Risk is discussed. If I could, I would want 100-Year Mortgages rather than 30-Year Mortgages on my properties. You’ll learn why. Graham Parham of Highlands Residential Mortgage joins us. He tell us the latest income property loan requirements today. We discuss conventional loans on 1-4 unit rental properties. Graham tells us about your Ability To Repay (ATR) factors that mortgage underwriters seek. We discuss your Debt-To-Income ratio limits, Reserve Requirements, interest rates today, credit scores, paying discount points, 30-year vs. 15-year mortgages, and appraisals. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:57 You can own and control more real estate if you have loans on them. 02:08 What’s the risk of borrowing? 03:26 100-Year Mortgages. 09:24 Qualifying for loans if you don’t have “W-2” income from a day job. 11:57 Loans for foreign buyers that want U.S. income property. 13:18 Ten loans with 20% down. 13:49 Ability To Repay (ATR). 15:52 Debt-To-Income (DTI) ratio example. 16:23 Your reserve requirements. 19:13 Interest rates today. 21:18 A 740 credit score is the highest that can help you. <
S1 E186 · Wed, June 27, 2018
Your Real Estate ROI, Permanent Tax Reduction with Tom Wheelwright
#186: You’re paid five ways as a real estate investor. Rich Dad Tax Advisor Tom Wheelwright and I add up those five rates of return and provide you with an estimated Year One ROI. We discuss how to make trips to visit your turnkey rental property a tax-deductible event. With the new tax law, taxes are adjusted for “inflation” more often than previously. But CPI isn’t used. It doesn’t keep up with “real” inflation. Tom is the author of “Tax-Free Wealth” . Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:00 The Masters Law. 04:39 Belize Investor Tour. 09:10 Tom Wheelwright and I on real estate ROI. 18:55 Real estate depreciation example. 24:34 Making your trip to visit your turnkey property a tax-deductible event. 33:23 Inflation and taxes. Resources Mentioned: More About Tom: Wealthability.com Belize Investor Tour: GetRichEducation.com/Belize Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com <p style="text-align
S1 E185 · Wed, June 27, 2018
Marketing Your Real Estate, What Makes A Good Turnkey RE Provider
#185: You learn how to market your property well. You will have more interested renters and buyers, better quality clientele, and more and better offers. Curb appeal, photography discussed. We discuss what makes a good turnkey RE investing provider, including how some property managers want your tenant to turn over so that they receive more leasing fees! Today’s guest owns a company that builds and provides new construction turnkey RE , which is why they have available inventory today. (Yes, really: today.) I recently visited their offices. Many managers don’t want to sign tenants to two and three-year leases because: 1) It’s easier to find tenants that sign one-year leases. 2) Managers get fewer leasing fees. Learn why today’s provider doesn’t do that. We discuss cash flow, rates of return and appreciation rates in Jacksonville, Florida . Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:47 A well-marketed property means you have more interested renters and buyers. 03:16 Real estate photography. 08:53 Florida turnkey real estate. 12:30 The strength of the team. 16:23 New construction turnkey. 20:48 Tenant leases of 2 to 3 years duration. 26:46 Why property managers have an incentive to turn over tenancies. 29:38 Sales price $160K-$200K. Average: $1,350 rent, $180,000 purchase price (0.75% RV ratio). 32:26 Appreciation rates. <span style="font
S1 E184 · Wed, June 27, 2018
Why Interest Rates Could Rise Much Higher with Richard Duncan
#184: Higher interest rates are obviously bad for real estate investors that make new purchases. Few realize that higher interest rates often translate into HIGHER housing prices. How could that be true? I explain. MacroWatch’s Richard Duncan joins us. He tells us why interest rates are likely to rise substantially in coming years. Learn why low inflation pushes down interest rates and why high interest rates cool an economy. Also learn why the U.S. is now destroying billions of dollars every month, and tariffs’ effect on interest rates. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 02:13 How higher interest rates translate to higher home prices. 10:05 Decades ago, how Richard knew lower interest rates we coming in the early 2000s. 12:23 Why low inflation pushes down interest rates. 13:27 Higher interest rates cool an economy. 15:35 Why long-term interest rates could be pushed substantially higher. 19:06 Quantitative Easing ended. Quantitative Tightening has begun. 21:58 Tariffs and the looming “Trade War”. 25:16 Reversing globalization can increase inflation and interest rates. 26:26 Why fixed-rate mortgages are better than adjustables. Resources Mentioned: Macro
S1 E183 · Wed, June 27, 2018
Your “Return On Life” with David Keener
#183: There is an asset type where you can get both cash flow and have the peaceable enjoyment of the premises yourself. Most people regret buying vacation property because they’ve either found that: 1) They don’t use it often. 2) They’re managing it as a rental to others. 3) They bought a timeshare. Imagine being able to buy tropical beach property in Placencia, Belize : it’s closer to most of the U.S. than Hawaii, with warmer water than Hawaii, and at low prices like Hawaii had decades ago. Buy vacation property that provides you with monthly cash flow, is in an up-and-coming place, and is turnkey-managed. Sometimes you must ask: “What’s my Return On Life?” Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 03:46 One special world place with enormous opportunity. 06:39 Trends and indicators of new real estate development. 09:11 Placencia, Belize. 13:42 Infrastructure, existing development, geography, amenities. 18:10 Property construction on tropical islands. 20:09 Utilities. 22:44 Turnkey-management detail. 27:10 Safety and security. 29:10 Minimum investment is $50K. 32:05 Investor tour. 38:23 Cave tubing, waterfall, beaches, community, islands 40:58 Book a tour & meet me. I’ll be there July 20th to 23rd, and again Sept. 6th To 9th,
S1 E182 · Wed, June 27, 2018
Using Your Home As An ATM with Grammy-Nominated Music Producer & GRE Listener Blake La Grange
#182: Using your home as an ATM or credit card? Is this irresponsible? A listener and I discuss the risks and rewards of using a Home Equity Line Of Credit (HELOC) to cash out your home equity for use in income property investing. Our guest is a Get Rich Education listener and Grammy-Nominated Music Producer Blake La Grange of San Diego, CA. Most people settle for “Maybe someday.” Instead, optimize what you have now. Use leverage, debt and equity, and arbitrage to your advantage. Blake & his wife played the speculative property appreciation game well. Their $585,000 home soon appraised for $700,000+. This provided equity for them to transfer into income property. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: [02:44] Meet Blake La Grange, San Diego-based GRE listener and Music Producer. [04:45] Blake’s mindset change from debt-free to financially-free. [11:24] Blake & his wife’s first home cost $585,000. [15:11] Private Mortgage Insurance. [17:17] $700,000+ home appraisal. [20:08] Home Equity Line Of Credit (HELOC). [27:54] Listening to GRE “like crazy”. [31:06] Blake and turnkey real estate in Birmingham and Memphis. [38:27] Pay off rentals or keep exchanging? [40:22] Going from owning zero properties to one is most difficult. [45:22] Eve
S1 E181 · Wed, June 27, 2018
The Tale Of Two Real Estate Markets | Tom Wheelwright: Past, Present, and Future Of Taxes
#181: Learn how to permanently reduce your taxes. At a W-2 job: the government gets paid first, Wall Street second, and you’re third. I recite “A Tale Of Two Real Estate Markets”. This story will shift your thought paradigm and make your jaw drop. Tom Wheelwright & I discuss income tax and capital gains tax - rates, history, and strategy so you legally pay the lowest possible rates. Learn why house flippers pay higher tax rates than buy-and-hold real estate investors. Where will tax rates be in the long-term future? Tom discusses. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:02 “A Tale Of Two Markets”. 13:10 At a W-2 job: the government gets paid first, Wall Street second, you third. 14:05 Income tax, Social Security tax. 30:13 Capital gains tax. 36:48 Thoughts about where future tax rates will be. Resources Mentioned: Wealthability.com BLS Unemployment Data Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ValhallaWealth
S1 E180 · Wed, June 27, 2018
Appreciation vs. Cash Flow: What Do You Want Most?
#180: Stop looking at properties. (What?) I discuss. Are you in real estate for appreciation, cash flow, or something else? If you focus on cash flow, does that mean less appreciation, and vice versa? We discuss when a market becomes "too hot to buy for cash flow” any longer. The Midwest has more affordable property and better cash flow but less recession resilience. Dallas-Fort Worth keeps showing appreciation potential, but cash flow is drying up. When a market heats up, rents don’t “keep up” proportionally to a property’s market value. We also discuss low appraisals. Appraisals are what the bank uses to verify the quality of their collateral. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:54 Stop looking at properties. (What?) 03:36 The importance of cash flow, appreciation. 07:07 The Midwest: more affordable housing, better cash flow, but less recession resilience. 08:52 Dallas-Fort Worth’s appreciation. 11:00 When a market becomes too hot. 14:48 “Lump Sum Cash Flow” defined. 16:23 With 5:1 leverage and 6% appreciation, $100K becomes $300K in five years . 18:22 Blended portfolio. 21:10 Median rent income vs. median housing value. <span style="font-size: 10
S1 E179 · Wed, June 27, 2018
Why Money Is An Abundant Resource, Your Velocity Of Money, Uber Kills Parking
#179: 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 E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths 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. Resources Mentioned: Article: Uber Is Killing The Parking Business GRE Video: Operating Expenses GRE Book: 7 Money Myths Podcast: The Real Estate Guys Podcast: Cashflow Ninja Podcast: The Real Estate Way Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ValhallaWealth.com Find Properties: GREturnkey.com Education: GetRichEducation.com Welcome to GRE, Episode 179. I’m your host, Keith Weinhold. From Saratoga, Australia to Saratoga Springs, New York and across 188 nations world wide. This is Get Rich Education and we are cultivating a Real Estate Of Mind here.
S1 E178 · Wed, June 27, 2018
Fox News Anchor Grills Keith On Investing in Real Estate with Clayton Morris | Build Financial Independence
#178: The media - a FOX News Anchor - asks me about Get Rich Education wealth-building principles. Rather than asking questions, I’m the one being interviewed here. I tell the interviewer why getting your money to work for you will NOT create wealth. In real estate, I tell you why your ROI typically goes down after Year One. How to calculate a real estate rate of return; the differences between poor, middle class, and wealthy; being bold; increasing income, and more is discussed. The interviewer, Clayton Morris , is an experienced real estate investor himself. If you want to buy income property: 1) Start at RidgeLendingGroup.com to see how much property you qualify for. 2) Find reputable turnkey property providers at GREturnkey.com . Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 03:48 Interview with longtime Fox News Anchor, Clayton Morris begins. 05:00 Be bold. 07:26 Increase income. This is available to anybody - no certification or degree needed. 11:56 My first four-plex, bought for $295,000 in 2002. 14:25 Self management vs. professional management. 16:30 Leverage. 19:01 Why it’s a good time to be a RE investor. 20:39 Lower middle class neighborhoods. 26:42 How RE
S1 E177 · Wed, June 27, 2018
A Dave Ramsey Disciple Transformed Into An Income-Centric Wealth Coach featuring Jerry Fetta | The Dave Ramsey Show
#177: Are you serving the 40-year-to-life sentence? Today’s guest, Jerry Fetta , is a former Dave Ramsey-endorsed local provider. Jerry learned a better way and changed his life and the lives of others. There’s a more abundant way. You just can’t afford to forgo the benefits of leverage and arbitrage. Jerry is an expert at uncovering how the mutual fund industry manipulates reporting the ROI to their advantage and your detriment. Questions that put your financial advisor on the hot seat are revealed today. We discuss why “tax deferral” is a scam. I simply don’t have time to do 1-on-1 coaching. Jerry is a good friend, lives in my hometown, and he’s offering GRE listeners a free consultation. See if you’re a good fit: GetRichEducation.com/Coaching . Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:41 Mortgage interest rates are rising. Take action. 04:10 I used to be a debt-free, save-in-a-401(k), 15-year mortgage guy myself. 06:45 Jerry Fetta interview begins. 08:42 Jerry is a former Dave Ramsey-endorsed local provider. 11:14 Some things aren’t worth owning. 13:49 Affirmation vs. Information. 15:43 Jerry’s turning point: scarcity to abundance. 19:30 Stocks don’t produce wealth, but few make that correlation. 21:55 How
S1 E176 · Wed, June 27, 2018
How To Avoid Overpaying For Income Property, How To Value Property, Using Your IRA and 401(k) For Real Estate
#176: Stock investors are not getting ahead, but they think that they are. 10% return, minus 5% inflation, minus 2% fees, minus taxes, minus volatility, minus more. Most methods of valuing an income property are lousy. I tell you the good and the bad methods: price per square foot, price per unit, RV ratio, Gross Rent Multiplier, Cap Rate, Cash-On-Cash Return. I tell you how to avoid overpaying for property by making your offer contingent on seeing the seller’s “Schedule E”. The bustling Charlotte, North Carolina real estate market is discussed. It is growing at an enormously fast rate. Learn about using IRAs and 401(k)s for buying real estate, and leverage vs. paying all-cash for property. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:06 Why stock investors aren’t getting ahead. 04:17 Real estate performs. 06:27 Mortgage interest rates are up, Fed Chair change. 07:26 How to avoid overpaying for property. 09:50 Income, expense, and financing gears. 10:03 Price per square foot, price per unit, RV ratio, Gross Rent Multiplier. 11:49 Cap Rate vs. Cash-On-Cash Return. 17:35 Avoid overpaying with Schedule E. 22:45 Charlotte, North Carolina’s rapid growth. 25:12 More appreciation, less cash flow. 29:11 Typical property is an SFHs, $100K-$120K rents $1,000+. </spa
S1 E175 · Wed, June 27, 2018
Let's Measure Your Wealth with Chris Martenson
#175: The next twenty years will be nothing like the last twenty years. Chris Martenson of PeakProsperity.com tells you where wealth originates. It’s called primary wealth, consisting of things like trees, soil, a fishery, or a rich ore vein. The further you invest from primary wealth, the less real wealth you have. You learn about your 8 Forms Of Capital: Financial, Social, Material, Living, Emotional, Knowledge, Cultural, Time. You also learn about the future of energy. Wind and solar energy are not replacements for oil. I bring you today’s show from Anchorage, Alaska. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:58 The textbook definition of wealth. 04:05 Primary, secondary, and tertiary wealth. 07:39 Chris tells us why stocks aren’t real wealth. 09:33 Why economies can’t grow to infinity. 12:35 Energy growth limits. Oil vs. renewables like wind and solar. 22:42 The 8 Forms Of Capital: Financial, Social, Material, Living, Emotional, Knowledge, Cultural, Time. 30:10 How to get more Social Capital. 37:40 Holistic wealth. Happiness levels. Resources Mentioned: PeakProsperity.com <a href
S1 E174 · Wed, June 27, 2018
Why You're Worth More Than You Know, Taxes, LLCs, and Cash Flow vs. Appreciation
#174: You actually want to increase your personal expenses over the long-term. What kind of financial blasphemy is this? I explain. You are worth more than you think. I tell you why. If you’re 30 and you live until age 90, you only have 60 more autumns in your life. You only have 7% of your time left with your own parents. Your quality time is valuable and fleeting. Some people have an overinflated sense about the importance of taxes. Rate of return matters more. Returns are like a pie, and taxes are only a piece of the larger pie. If your portfolio is small, do you really need an LLC for your income property? There’s a discussion of appreciation vs. cash flow. I bring you today’s show from the Dominican Republic, where I'm vacationing. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:16 Over the long-term, you actually want to increase your expenses. 07:19 Why you are worth more than you think. 09:05 Measuring your life in terms of events and relationships. 20:37 If mortgage interest rates go up, rents go up next. 22:15 Rate of return is more important than tax rate. 24:16 Why do you think you need an LLC? 28:07 Real estate appreciation vs. cash flow. Resources Mentioned: Article abo
S1 E173 · Wed, June 27, 2018
Real Estate Investing In A Thriving Market
#173: Don’t move to a low-tax state; let your tenant do it. Quit investing only for the long-term. I explain both. Alabama is the #1 state for per capita foreign direct investment. We discuss turnkey real estate investing in Birmingham, Alabama. A revival is taking place in Birmingham amidst economically diverse business sectors. Long-term tenant retention occurs in Birmingham submarkets due to: 2-year leases, tenant-owned appliances, more. When you purchase a turnkey property, you’re also “purchasing” a tenant and their income stream. We discuss. It takes about $24K-$25K to “get into” this market with down payment and closing costs on a turnkey single-family home. We also discuss how a real estate investor gets started: lender pre-approval, writing an offer, inspection, appraisal, etc. Learn more and find Birmingham property at GetRichEducation.com/Birmingham . I bring you today’s show from Orlando, Florida. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:14 Don’t move to a low-tax state. Quit investing only for the long-term. 06:14 Thriving Alabama and the revitalization of Birmingham. 10:00 Downtown Birmingham. 16:05 Primary market drivers in Birmingham: medical, automotive, Amazon sortation, education. 18:46 Neighborhood selection. 21:10 B-Class properties $80K to $125K. $1,000 rent on $104K property. <spa
S1 E172 · Wed, June 27, 2018
Real Estate Market Selection with Victor Menasce
#172: Your market choice is more important than your property choice. One of the most prominent real estate developers in the United States, Victor Menasce , tells us how he selects a real estate market. Investing in larger metro areas is generally safer than investing in smaller metro areas because geographies are better diversified. Being invested in only one investment market is a mistake. You’re undiversified. Should you pay more or less than the construction cost of a property? Victor tells us the difference between price and value, and why that matters to you. Four factors drive price/value: 1) Construction cost. 2) Availability of money. 3) Inflation. 4) Supply and Demand. Victor is an expert at selecting markets, developing, and raising capital for deals. If you’re developing or making a large real estate investment, think about how consulting Victor could be a great investment. Connect with him at VictorJM.com . I join you from north Florida today because I’m out looking at, yes, real estate markets! Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:45 Investing in only one geographic market is a mistake. 02:30 Recency bias. 08:00 Investors should start with economics and the market, not the property. 11:48 People are moving south. 13:10 Primary drivers. Oil & gas. <span style="font-s
S1 E171 · Wed, June 27, 2018
How To Attract Great Tenants, How To Profit From Inflation
#171: Your tenant is your customer. I discuss how to attract and retain great tenants. You must think about how your tenant thinks. The quality of the asset you buy affects the quality of the tenant that you will attract. Six qualities tenants want are: 1) safety 2) move-in-ready condition 3) short commute distance 4) upgrades 5) neighborhood amenities 6) rent amount. It’s not about what you would want in a rental unit, it’s about what your tenant wants. Next, I tell you how to profit from inflation. Debt has a bad name. It shouldn’t. I tell you why you want to consider borrowing massively to profit from inflation. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:56 The definition of great tenants. 03:11 Avoid “A” and “D” class areas. 04:16 Six ways to attract great tenants. 13:23 How to retain the great tenants you’ve attracted. 20:55 How you can profit from inflation. 21:57 Inflation defined. 24:34 Why make extra mortgage principal payments? 27:28 Robert Kiyosaki. 31:05 The power of smart debt. How you get a “phantom” $40,000 gain per year on $1M debt. Resources Mentioned: How To Profit From Inflation - My Forbes article RidgeLendingGroup.com ValhallaWealth.com GREturnkey.com GetRichEducation.com Hey, welcome to GRE. This is Get Rich Education, Episode 171. I’m your host and my name is Keith Weinhold and today we’re talking about how you attract and retain great tenants for your income properties - some of which is just sort of common sense. Then after that we’re going to discuss a topic that’s definitely not common sense which is where real estate investing intersects with the economy that you live in everyday. This is really fundamental stuff. Your tenant is your customer. You’ve got to be able to supply a product that they demand and then keep them there. As any real estate investor knows, your #1 cash flow killer is vacancy and turnover. So let’s dig into the heart of how to
S1 E170 · Wed, June 27, 2018
How To Enrich Yourself And Leave A Rich Legacy with Rachel Jensen
#170: You can live a rich life and leave a rich legacy at the same time. Guest Rachel Jensen and I discuss how. Timber is a hard asset that physically grows in size, and often grows in value at the same time. Your real estate, gold, or stock share might increase in value - but it doesn’t increase in size at the same time like timber does. Among timber varieties, you’ve probably heard of teak wood but might not know much about it. It has great value due to its durability. Teak’s natural oils make it resistant to fire, pests, and the elements. That’s why teak is so popular for boats, decking, furniture, and more. Teak was even used on The Titanic! The world continues to have more humans and less arable land. Teak products have been used for over 300 years. This makes teak supply vs. demand fundamentals sound for investors. Traditionally, most timber investing was done by ultra-wealthy people, and prestigious Ivy League endowment funds like Harvard and Yale (they both still invest in timber). Today you’ll learn about how everyday investors can invest in teak parcels: Land titled to you that can appreciate in value. Divided 1/4-acre parcels where you get income from the teak harvest. Low cost of entry. Available inventory at this time. Turnkey-managed. Light taxation. Use with cash or IRA funds. Optional qualification for a residency program. Ability to gain both shorter-term income for yourself, and a legacy for others. You’ll learn that our provider offers Get Rich Education followers like you a discoun
S1 E169 · Wed, June 27, 2018
State Of The Real Estate Market, Property Management | GRE Listener Jacob Ayers
#169: If you want profit, your real estate’s rent income-to-purchase price ratio matters most. I reveal the top five cities for this vital ratio. I discuss how the media often gets real estate investing wrong. I talk about how to handle your relationship with your Property Manager. Renters have conventionally been young, single, less educated, and low to middle income. You’ll learn about how quickly this is changing. When did renters get so old? Of all product types, more renters are demanding to rent single-family homes rather than other product types. Later, Get Rich Education listener Jacob Ayers stops by to chat with me. He hosts The Real Estate Way To Wealth And Freedom podcast. GRE is the first podcast that Jacob ever heard; now he’s on the show. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:04 Top 5 cities with the best ratio of rent income-to-purchase price. 05:03 How the media gets real estate investing wrong. 06:50 Your Property Manager. 11:28 Tenant demographics. 13:26 Surging rental demand for single-family homes. 17:58 I’m soon going on a Florida real estate tour. 21:16 GRE Listener Jacob Ayers chat begins. 23:59 Following money vs. making money follow you. 25:25 Jacob’s first rental property cost just $25,000 in western Oklahoma. <span style="font-size: 10pt;"
S1 E168 · Wed, June 27, 2018
Permanent Tax Reduction For Real Estate Investors with Tom Wheelwright of WealthAbility
#168: Reduce your taxes by 10-40% in just three months. Rich Dad Tax Advisor Tom Wheelwright is back again to tell us how. Tom and I discuss the IRS’ coveted Real Estate Professional designation - the benefits, what you must do, and what you must not do. If you outsource property management, will that prevent you from the RE Professional designation? Some U.S. states have annoyingly high transfer taxes. We discuss a strategy to avoid paying it. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:02 Invest for income. 03:17 Real estate is a great tax shield. 08:00 Motivation and mindset behind tax reduction. 12:44 The tax code is a treasure map for deductions. 15:31 The Real Estate Professional designation. 20:22 Property management and the RE Professional designation. 24:28 Transfer tax in real estate. 27:34 Assets vs. Liabilities. 29:22 LLCs and transfer tax. 30:51 You can’t reach your dream by paying high taxes. Resources Mentioned: TaxFreeWealthAdvisor.com Tom’s book: Tax-Free Wealth </str
S1 E167 · Wed, June 27, 2018
The Infinite Banking Concept with M.C. Laubscher, the Cashflow Ninja
#167: Want to own your own bank? Today’s guest, M.C. Laubscher, tells you how and why. The “Infinite Banking Concept” provides you with liquidity, tax-free growth, and your own control outside the banking system. Many real estate investors utilize the Infinite Banking Concept, aka “Cashflow Banking” to increase their rates of return. Today’s guest also hosts the Cashflow Ninja podcast . First, I tell you how you are giving more to others than you think. You are already more generous than you knew. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:52 You are more of a giver than you think. Here’s why. 02:53 Mobility. 07:58 M.C. Laubscher’s background and “Rich Dad, Poor Dad” influence. 11:40 Why people struggle financially. 14:11 People don’t even consider investing for income. 18:00 Your wealth formula. 21:11 Structured Whole Life Insurance with the Infinite Banking Concept. 25:55 Example of a $1,000 monthly contribution. 6-7% interest rate. 28:45 Example with $60,000 cash value balance. 32:22 Insurance companies are profitable and enduring. Resources Mentioned: YourOwnBankingSystem.com
S1 E166 · Wed, June 27, 2018
Your Biggest Tax Change in Decades with Rich Dad Advisor Tom Wheelwright
#166: Changes to the 1031 Tax-Deferred Exchange, 27.5 year tax depreciation, the Estate Tax and more are coming. It will affect you as an investor. Rich Dad Advisor Tom Wheelwright is back with us. He details the winners and losers expected from the most sweeping tax reform that the U.S. is set to experience since 1986. First, Keith discusses 6.2% national real estate appreciation, and different ways to think about real estate diversification. Individual tax benefits are going away. Business tax benefits are increasing. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:08 Housing prices are up 6.2% year-over-year per Case-Shiller. 03:00 Diversification. 05:18 New construction turnkeys through GREturnkey.com . 09:13 Tom Wheelwright interview begins. 15:12 Depreciation durations are changing to 25 years for both residential and commercial. 15:50 1031 Tax-Deferred Exchange changes to the personal property portion. 18:37 Later, there will be individual tax rate changes. 22:35 More on 1031 Tax-Deferred Exchanges. 23:32 Estate Tax. 27:42 These are the greatest tax changes since 1986. 28:23 Limitation on offsetting your taxable gains with losses. 30:39 I review the basics of tax depreciation on income property. <p style="
S1 E165 · Wed, June 27, 2018
Quitting Your Job and Time vs. Money with GRE’s Marcus Whelan
#165: Overcome the fear of quitting your job and replacing it with passive income from real estate investing. Avoid these mistakes before you quit your job. I discuss some mindsets that you should adopt before you quit (if you even want to). I open up to you and tell you how I felt and what I thought about quitting my job. Time vs. money - which one is more important? I give a clear answer. People fear future poverty. That’s one reason why most choose money over time. We discuss which one makes you happier - more money or more time. You learn how to measure your wealth. If you don’t have the time, we discuss how to “find the time”. I’ve learned that most people want freedom more than money. There is a solution to life’s money vs. time conundrum that few seem to mention - passive income. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:19 Why time is more important than money. 05:12 A research study found that 64% preferred money over time. But those that preferred time were happier. 06:44 Passive income solves the money vs. time conundrum. 08:09 How to measure your wealth. 09:20 I relate my experience of quitting my job. Overcoming fear. 14:14 Buying time rather than selling it. 18:47 Employees haul water buckets. Investors and entrepreneurs build pipelines. 21:04 How car commuting keeps you poor. 24:33 The types of people I gravitate toward. 26:59 The Pareto Principle. <
S1 E164 · Wed, June 27, 2018
Rich Dad Advisor Darren Weeks Tells You How To Raise Capital For Deals
#164: It doesn’t take money to make money. It doesn't take YOUR money anyway. Rich Dad Advisor Darren Weeks is a real estate investor, entrepreneur, and is an expert at raising capital from others in order to fund real estate deals. He gives us the exact script that he uses for raising money from others. A confused mind won’t buy. People only buy from you if they trust you and like you. He tells us how to quickly build this trust with strangers. Darren finds people for funding real estate deals at dentist and teacher conventions. Surprisingly, Darren also reveals that he has available capital for your deal right now - in case you’ve got one. I discuss some ugly problems that I’ve had as a real estate investor this year, including homeless people squatting in one of my apartment buildings, and an eviction. Near the end of the show, I also review the 5 ways that you’re simultaneously paid as a real estate investor, culminating in an ROI of 41%. Think it sounds impossible? I add it up for you. Most people just don't know how to calculate returns. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:52 I share my recent real estate problems with you - eviction, homeless squatters. 04:27 “Setting the tone” with your Property Manager. 08:55 Darren Weeks interview begins. 12:57 Paying seminar fees. 14:24 Tips for real estate investing outside your home area. 21:10 Entrepreneurs investing in real estate. <span style="font-weight: 4
S1 E163 · Wed, June 27, 2018
Home Equity: Why Financially-Free Beats Debt-Free
#163: Home equity is a terrible investment - it is unsafe, illiquid, has zero ROI, makes your foreclosure risk greater, and it can leave your assets exposed to lawsuits. Some have called today’s material shocking - a revelation. What you thought was black is white. What you thought was dark is light. Home equity can never go up in value, but might go down value. You must embrace mortgages. I collect mortgages every bit as much as I collect cash-flowing properties. I practice what I preach and only keep 15% equity in my primary residence, and minimum equity positions in investment properties. You would be better off burying money in your backyard than using it to pay down your mortgage. In the 1920s, a common clause in bank loan agreements stated that your loan could be called due at any time. That created fear which still resonates today. But it’s no longer true; banks won’t call your mortgage loan due anytime. 30-year vs. 15-year vs. interest-only mortgage loans are examined. Homes are not meant to store cash, they’re meant to house families. Holding too much equity in any one property can kill your wealth potential. If you want wealth, you need to consider dispersing your home equity among many income-producing properties across different geographies. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:37 Eliminating debt often postpones your financial freedom. 04:05 In the 1920s, a common clause in bank loan agreements stated that your loan could be called due at any time. That’s no longer true. 07:23 Paying off debt prevents you from accumulating assets. 08:48 Liquidity, safety, and rate of return are three reasons for keeping a high mortgage loan balance. 11:35 Why your foreclosure risk is greater if you have a high equity position. 16:33 Natural disasters. 19:56 Getting sued, asset protection. 21:40 The ROI from home equity is always zero. 26:15 Cash-out refinances and 1031 Tax-Deferred Exchanges. 28:12 Be your own banker. Create arbitrage. 29:00 30-year vs. 15-year fixed rate amortizing vs. interest-only loans. 30:42 Another example of home equity providing zero ROI and being unsafe. 33:04 Enjoy collecting mortgages. Equity transfers. 34:37 Those with less financial education want to pay off their properties. 36:55 Outsource lower use tasks. 38:56 Control. 40:04 Mortgage payments vs. housing payments. 42:27 A house is not an asset. 43:58 Act at <a h
S1 E162 · Wed, June 27, 2018
Understanding Leverage Ratio, Investing in Real Estate with Clayton Morris | Financial Freedom Through Real Estate
#162: Learn about leverage ratios, how leverage can grow your wealth using other people’s money, and how to be protected from leverage risk. Keith provides the most important takeaways from the New Orleans Investment Conference. Next, Clayton Morris, former news anchor on the number one cable news show in the world, and host of the podcast Investing in Real Estate with Clayton Morris , talks to us about his wealth building realization. Clayton explains what the Freedom Number is and how it relates to building wealth using buy-and-hold strategies. Keith and Clayton discuss one of the best things that can be done to make a real estate passive income stream more durable. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 03:00 Understanding leverage ratios. 07:34 Hedging against leverage risk. 10:57 Takeaways from the New Orleans Investment Conference. 15:50 Interview with Clayton Morris begins. 18:42 Clayton’s buy-and-hold realization. 21:15 You don’t have to reinvent the wheel. 22:48 Don’t fall in love with real estate; it’s just a vehicle. 26:46 Why C class properties are great investments. 31:58 How to find your Freedom Number at MorrisInvest.com . 35:07 Clayton’s strategy for building wealth. 39:28 How the Freedom Number relates to wealth building. 42:10 What makes a passive income stream durable? Resources Mentioned: MorrisInvest.com Investing In Real Estate podcast RidgeLendingGroup.com CorporateDirect.com GetRichEducation.com <p style="tex
S1 E161 · Wed, June 27, 2018
You Must Be Weird | Common Asset Protection Mistakes, and LLC Updates featuring Garrett Sutton
#161: What makes you weird makes you successful. Embrace what makes you “abnormal”. Why? Because being wealthy isn’t normal. Inflation transfers wealth from lenders to borrowers. Therefore, be a smart borrower. Next, Rich Dad Advisor Garrett Sutton joins us with updates to protect yourself and your real estate with Limited Liability Companies (LLCs). His website is CorporateDirect.com . We learn about common asset protection mistakes. Garrett tells us why flip properties and buy-and-hold properties should be in separate LLCs, and more. When you establish a Wyoming LLC which presides over your other LLCs, you get better protection and you reduce your audit risk. LLCs vs. LPs also discussed. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:50 What makes you weird? Embrace it. That’s often what makes you wealthy. 05:54 The New Orleans Investment Conference. 07:37 I'm the newest writer at Forbes. 09:55 Inflation transfers wealth from lenders to borrowers. 12:57 Garrett Sutton interview begins. 15:05 Common asset protection mistakes. 16:37 Buy-and-hold vs. flipping and asset protection. 18:55 Does every property need its own LLC? 21:04 LLCs in multiple U.S. states. What makes Wyoming special. 24:17 Reducing your administrative time in maintaining your LLCs. 24:50 Lower your audit risk. 26:33 California. 29:58 LLCs vs. Limited Partnerships (LPs). 32:41 Living Trusts. 34:34 New IRS rule to conform with by December 31st. Resources Mentioned: CorporateDirect.com | 1-800-600-1760 RidgeLendingGroup.com GetRichEducation.com <strong
S1 E160 · Wed, June 27, 2018
19 Fatal Turnkey RE Investor Mistakes with Terry Kerr & Liz Nowlin
#160: You want cash flow that is stable and durable. Today’s guests, Terry Kerr and Liz Nowlin from Mid South Home Buyers , tell us how both they and Memphis, TN delivers. We discuss the 19 due diligence questions that you need to ask when you’re vetting a turnkey real estate investing provider. When you purchase real estate “turnkey”, the property is already renovated and tenanted. That way, your provider maintains more risk before you purchase the property. Learn about the neighborhood “sweet spot”, little-known differences between a $125,000 property and a $62,000 property, and the importance of in-house property management. Find out how to avoid lengthy vacancies. Does your provider mark up materials? Learn about when your provider makes guarantees about your property’s occupancy and renovation. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: GetRichEducation.com/Book Listen to this week’s show and learn: 02:14 Turnkey defined. 04:52 Terry Kerr and Liz Nowlin interview begins. 08:01 Does your turnkey provider actually own the property? 12:13 Renovation quality. 15:12 $125,000 property vs. $62,000 property. 17:35 Neighborhood sweet spot. 19:18 Only 1 in 6 renter applicants are approved. 20:34 In-house property management. 24:37 Avoiding lengthy vacancies. Application fees. 28:21 Marking up materials. <span style="font-s
S1 E159 · Wed, June 27, 2018
Real Estate Negotiation with the American Negotiation Institute's Founder, Kwame Christian
#159: Negotiation is a substantial part of real estate and investing. We discuss exactly what you do when the tenant wants to pay the rent late. I tell you exactly how I negotiated the price and terms on the very home that I live in today! Then our guest, Kwame Christian, Founder of the American Negotiation Institute joins us. He defines negotiation as “A conversation where somebody wants something.” Three uses of negotiation: 1) Use offensively. 2) Use defensively. 3) Strengthening relationships. We discuss how you negotiate in a way where you keep a strong relationship with the other party, rather than alienate them. We talk about how to motivate your Property Manager to work hard on your behalf. In negotiation, let other party speak first. Let them make the first offer, except when you have more information. We discuss midpoint negotiation. “Anchoring” is an important part of negotiation psychology. This can help you get a better deal. Kwame and I discuss what people will pay what an item is worth to them, not you. But what about sentimental value and sunk cost? In a real estate sellers’ market, should you ask for more than you expect, or only what you expect? Learn about the negotiation techniques of “log rolling”, multiple offers, and “always get the last concession”. We discuss introverts and negotiation. Negotiation is a learned skill; it is not innate. Learn exactly what to do to become a better negotiator in just the next 24 hours. In negotiation, where do ego and emotion fit in? Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: GetRichEducation.com/Book Listen to this week’s show and learn: 01:22 Negotiation technique for a late-paying tenant: say these 7 magic words. 03:38 How I negotiated the price and terms on the exact home that I still live in today! 08:49 Kwame Christian interview begins. 10:01 Definition of negotiation. 11:38 Three uses of negotiation: 1) Use offensively. 2) Use defensively. 3) Strengthening relationships. 13:48 How to motivate your Property Manager to work hard on your behalf. 16:40 Let the other party speak first. 19:00 Midpoint negotiation. The psychological principle of “anchoring”. 25:19 People will pay what an item is worth to them, not you. 27:18 Sentimental attachments and sunk cost. 29:50 In a real estate sellers’ market, should you ask for more than you expect, or exactly what you expect? 31:33 Negotiation technique of “log rolling” (presen
S1 E158 · Wed, June 27, 2018
Massive Cash Flow From Assisted Living Homes with Gene Guarino
#158: Generate $5,000 to $15,000 monthly cash flow from one single-family home converted into an Assisted Living Home (ALH). The demographic trend is your friend. Every year 1.4 million Americans are turning age 85. To invest in ALHs, begin with the property’s location. We discuss exact numbers on how a Profit & Loss Statement differs from that of residential cash-flowing turnkey property. You optimize income by attracting “Private Pay” residents, not Medicare/Medicaid residents. We discuss how. We discuss how an ALH Manager’s role differs from that of a residential Property Manager. We discuss. Risks and licensing requirements might not be onerous, yet they’re barriers of entry to others. Financing options are quite favorable if you want to begin an ALH. Gene Guarino, Founder of the Residential Assisted Living Academy, is our guest today. As a gift, he offers us a FREE 6-Part Residential Assisted Living Training . Gene has also founded the upcoming Residential Assisted Living National Convention . The inaugural annual event takes place Nov. 10-11 in Scottdale, AZ. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: GetRichEducation.com/Book Listen to this week’s show and learn: 01:33 Negotiation. 02:56 Scarcity vs. abundance. 06:10 No paycheck can buy yesterday. 07:27 Gene Guarino interview begins. 10:10 Don’t move Mom into a hotel, but rathe
S1 E157 · Wed, June 27, 2018
Cash Flow From Agricultural Real Estate with David Sewell
#157: With steadier cash flows than residential real estate, 100% occupancy, zero chance of tenant damage to your property, appreciation potential, and a low cost of entry, anyone can own part of their own cacao (chocolate) farm in Latin America. Investors like you can own individually deeded ½ acre parcels of cacao trees, turnkey managed, and expect to yield cash flow on an annual basis from the harvest and sale of cacao, chocolate and its related products. David Sewell, Founder of the Belize Cacao Consortium (BCC), talks with me about the field trip that I recently took in Belize. I learned about investing in cacao “from seed to chocolate bar”. Supply vs. Demand: The world has less & less arable land, and more and more mouths to feed. High-end specialty cacao (a.k.a. “Fine flavored cacao”) has a demand that far exceeds supply. Belize has long been known as a cacao-producing region. The BCC brings needed professional agronomy and soil science to add value to cacao farm operations. We discuss the upsides and risks of owning your own producing cacao parcels. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: GetRichEducation.com/Book Listen to this week’s show and learn: 02:50 Renowned investor Jim Rogers says that agriculture is going to be the big thing over the next 20 years. 08:03 Why Belize? Why cacao? 11:29 Bringing professional agronomy and soil science to add value to cacao operations. 12:50 Treating the Mayan workers well. 16:20 Planting raw land parcels with cacao trees. 19:55 Three pillars of sustainability: economic, social, environmental. 23:27 Risks. <
S1 E156 · Wed, June 27, 2018
Meet Nick Bond: Age 22, College Graduate, Unemployable
#156: Unemployable by choice, Nick Bond, age 22, is a recent college graduate that is building his own real estate business rather than getting a job. School grades aren’t any more predictive of success than rolling a pair of dice. I discuss Boston College research that supports this. Valedictorians don’t become billionaires. Millionaires have an average college GPA of 2.9. Is it worth it to go to college? College is more expensive in the U.S. than anywhere else in the world. Yet at the same time, the value of a college degree has dropped. Once you got out of school, you found yourself “making things up” as you go. Later, you find out that everybody is “making things up”. Today’s guest, Nick Bond isn’t taking the j-o-b route that his friends are. He was influenced by his parents to be more entrepreneurial. Nick has begun raw land investing / flipping. Get control of both your time and your geography. Live a cloud-based life through Google Drive and Dropbox. Read your monthly real estate property management statements from wherever you choose to live, and enjoy the passive cash flow. 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: 01:32 Why valedictorians don’t become great financial successes. 02:48 Millionaires, with 2.9 average GPAs, are known for grit. 04:19 Is it worth it to go to college at all? 06:20 Unemployed vs. Unemployable. The difference? Options. 07:06 Nick Bond interview begins. 08:50 Nick’s parents wanted him to go to college more for the experience than the education. <span style="font-
S1 E155 · Wed, June 27, 2018
Savvy Real Estate Investing and Flipping with Abhi Golhar of Think Realty Radio
#155: Do what Amazon does. That is what you are doing when you invest passively in income property. But it’s easier than building a business like Amazon. Like Amazon Prime, your RE portfolio has a recurring income stream. Amazon provides society with non-discretionary items like household goods; RE investors provide society the non-discretionary household itself. Today’s guest, Abhi Golhar of Real Estate Deal Talk , emphasizes why cash flow is king today. He is exiting many flips in order to purchase cash-flowing SFHs and multifamilies. He tells us why. Abhi talks about “Rich Dad, Poor Dad”, how to select a mentor, and much more. Abhi and I discuss real estate trends via geographics, demographics, and psychographics. 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: 00:50 Real estate investing is like Amazon’s success model, only easier. Here’s why. 04:38 “Rich Dad, Poor Dad”. 07:42 Buying and selling cars on eBay. 10:13 Following and choosing mentors. 18:37 The durability of real estate as it relates to caring for your body. 21:22 Freedom. 23:11 Real estate appreciation the last 5+ years. 26:34 Real estate geographics, demographics, and psychographics. 33:22 Abhi is exiting flips and purchasing buy-and-hold income property. Cash flow is king. 35:26 Responding to listener feedback, Get Rich Education’s new episodes will begin publishing four days sooner: Mo
S1 E154 · Wed, June 27, 2018
Specialty Mortgage Loan Products (After 10 Properties) with Ridge Lending Group’s Caeli Ridge
#154: After you have 10 financed residential properties and you want more, we discuss your options. These Specialty Loan Products are exciting. Example: 25% down, 5.9% interest rate today, 30-year amortization. We learn this today from Ridge Lending Group President and CEO Caeli Ridge after she first reviews qualification criteria for the first 10. I also discuss a simple way for you to increase your Cash-On-Cash Return with no extra money out of your pocket. We discuss what’s changed with qualification requirements for your debt-to-income ratio, reserves, LLCs, liquidity, cash-out refinance limits and more. I bring you today’s show from San Jose, Costa Rica. 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: 01:17 How to increase your Cash-On-Cash Return. 03:42 High closing cost states: TX, FL, northeastern states. Low closing costs: MO, IN, AZ, AL. 07:11 Conventional loans: DTI 50% max., LLC change, liquidity, reserves. 15:14 Interest rates. 17:02 Cash-out refinance limits. 21:50 Specialty Loan Products (beyond 10 financed properties): 25% down, 30-year fixed amortization, 5.9% interest rate today (wow!), no limit to the number of properties, discount points. 27:18 Foreign buyers: 7.99% rate today, 5-year ARM, 30-year amortization. 29:03 Your tax return. 30:31 Today’s lending environment. 32:4
S1 E153 · Wed, June 27, 2018
State Of The Real Estate Market, Housing Affordability, Hurricanes
#153: Where are real estate prices headed? I discuss this with Kathy Fettke of The Real Wealth Network. Demand still exceeds supply in many places. But in coastal areas, affordability problems could be a constraint on future appreciation. The latest Case-Shiller 20-City Index shows 5.7% year-over-year housing price growth. Though this is surely an imperfect metric, it is a historically sustainable growth rate. It is also supported with responsible lending. Kathy & I have each invested through the 2008-2009 Mortgage Meltdown and Great Recession. We discuss how that shapes our investor behavior. I also discuss how natural disasters like hurricanes can pummel those that have a lot of equity in their properties. I bring you today’s show from Punta Gorda, Belize. 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: 01:05 Hurricanes: how to protect your real estate. 05:33 When a loan is made, the borrower is in more control than the lender. 10:14 Supply vs. Demand. 12:56 Builders aren’t building the most in-demand housing types. 13:20 Housing Affordability Index (HAI). 16:07 30-40% of the USA is overpriced. 60%+ is not. 18:28 Annual price appreciation is 5.7% per the latest Case-Shiller numbers. 20:05 Recency bias. 25:25 Holding Kathy & I accountable for what we said 19 months ago. The Fed, Trump. 31:25 Higher interest rates? Apartment buildings wil
S1 E152 · Wed, June 27, 2018
Missouri Markets: St. Louis and Kansas City RE Investing with John Larson
#152: I recently made a real estate market field trip to St. Louis, Missouri. As one of the 20 largest U.S. metropolitan areas, its job growth and diversity of business sectors support durable rental income streams for real estate investors. Typical price points are $1,100 rents and $110,000 purchase prices for single-family income property in St. Louis. St. Louis has city housing inspectors - upside: this supports neighborhood condition, downside: they must be complied with. Kansas City, Missouri is also experiencing steady job growth amidst varied employment sectors. Visitors to the city remark about the area's cleanliness. Both St. Louis and Kansas City have investor-advantaged rental neighborhoods that consist of about 65% owner-occupants. This promotes good curb appeal and safety. Missouri has Landlord-Tenant laws which favor the investor (landlord) more than the tenant. We’re discussing investment in turnkey income property: typically single-family homes that are already renovated, tenanted, and under management on that day that you buy. Learn more at: GetRichEducation.com/StLouis and GetRichEducation.com/KansasCity . 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: 00:57 Apartment building investors have more interest rate risk than 1-4 family investors. 07:32 St. Louis, Missouri is a Top 20 U.S. metro. 09:48 St. Louis’ technology and medical sectors. 11:01 Not many St. Louis turnkey operators. City inspectors. <stron
S1 E151 · Wed, June 27, 2018
Quitting Your Job For Passive Income with GRE Listener Douglas Orr
#151: Your job feels bad. It makes you wonder where your time went. Keith tells you why your job feels so bad, gives you possible solutions, and reminds you “where your time went”. Your job feels worse than ever due to economic, demographic, and social reasons. This is supported by data from the Bureau Of Labor Statistics, the Census Bureau, Bloomberg, and elsewhere. We explore. GRE listener Douglas Orr tells you how he built enough passive income to leave his job in just three years by quickly accumulating 50 rental doors. He respects his time by outsourcing property management. Douglas began RE investing by pulling $20,000 out of his 401(k) to buy a duplex and triplex. 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: 02:01 Keith likes the new Apple AirPods wireless headphones. 03:46 “Where did your time go?” Keith answers. 05:58 Why your job feels so bad. 14:58 Straight out of high school, GRE listener Douglas Orr began working in an automotive factory. He lost control of his time. 16:29 Turning point: pulling $20,000 from his 401(k) to buy a duplex and triplex. 20:05 Beating the “one percent” target. 22:00 Managing managers less than four hours per week. 24:50 Douglas built his portfolio fast through shrewd equity management. He tells how. 27:42 Firing your boss. 29:53 Quitting your job: supportive family? 31:35 Caution: don’t do THIS before quitting your job. <span style="
S1 E150 · Wed, June 27, 2018
Your Real Estate Portfolio Architecture
#150: Giant mistake: investing in real estate only in your home market. You should be invested in at least 3 different geographic RE markets. This also how you can get a good mix of appreciation and cash flow over time. Volatility hurts your portfolio more than you think. Keith discusses two reasons why you will be in a more volatile environment in coming years: 1) Donald Trump, 2) Interest rates. Even if your home is paid off, you still have a payment. It’s an opportunity cost payment. You aren’t aware of it because you can’t see it. Do you live below your means or do you expand your means? Keith gives several real-life examples. You just can’t shrink your way to wealth. Keith brings you today’s show from Anaheim, California. 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: 01:28 Volatility hurts you: 1) Donald Trump. 2) Interest rates. 05:16 Diversify: invest in RE in at least three metro markets. 07:37 ROTI: Return On Time Invested. 09:24 Invest between the Appalachians and the Rockies in SFHs just below the median purchase price. 11:00 Appreciation vs. Cash Flow. 12:07 How will 10 SFHs move you toward financial freedom? 17:48 Even if your home is paid off, you still have a payment. 20:24 “Live where you want to live and invest where the numbers makes sense.” 21:50 Tax-friendly states. 23:32 Examples: Living Below Your Means vs. Expandi
S1 E149 · Wed, June 27, 2018
Investing with Little Rock Turnkey featuring Jeremy Veldman
#149: When real estate markets heat up, some investors are tempted to invest in tiny towns with few industries. With 700,000 in the metro area, Little Rock, Arkansas is substantially larger. Little Rock's diversity of industry includes government, health care, education, and military. Arkansas could be the most landlord-friendly of all 50 states. Landlords aren’t even obligated to make repairs. Little Rock Turnkey rehabilitates a property, places a qualified tenant, puts the property under management, and then sells it to you. It is expected that this “turnkey” property produces cash flow for you on Day 1. 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: 02:22 Pay attention to your monthly Property Manager statement. 05:08 Helping your profits: estimates vs. quotes. 07:37 Jeremy Veldman interview begins. 09:37 Little Rock’s job sectors. 11:00 Is Arkansas still the most landlord-friendly of all 50 states? 15-day evictions. 16:35 Single-family houses, typically brick houses of 3 BR / 2 BA. Renovation extent explained. 19:14 Tenant-supplied appliances. 20:41 3515 Green Drive: $1,050 projected rent, $105,000 purchase price, 1,570 sq. ft. 23:56 Rent-to-value ratio. The next most important numbers are property tax, mortgage interest rate. 25:30 Tenant profile. 28:52 Affordability: Arkansas is #1.</stron
S1 E148 · Wed, June 27, 2018
Income Property, Frothy Markets, and Brien Lundin of The New Orleans Investment Conference and Gold Newsletter Podcast
#148: Do markets feel frothy to you? Real estate, stocks, corporate valuations, and even the values of major pro sports franchises have risen substantially. Keith explains why this matters less than you think. You learn about some little-known advantages of investing in single-family income property rather than apartment buildings. Brien Lundin, host of the New Orleans Investment Conference , joins Keith. Keith will be in New Orleans for the conference this October 25th - 28th. Speakers include Tucker Carlson, Doug Casey, Peter Schiff, and Robert Kiyosaki. Brien tells us about the role that gold plays in the world today. Keith tells you how much of his net worth is invested in precious metals. Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 00:49 Frothy markets. 02:08 The median sales price of existing US homes is $264,000. 05:59 Single-family income properties vs. apartment buildings. 15:35 Keith tells you how much precious metal he owns. 23:08 Brien Lundin Interview begins. Gold’s role in the world today. 28:44 Cryptocurrency. 30:55 Silver. 32:17 Why Brien thinks gold prices will soon rise. Resources Mentioned: NewOrleansConference.com NoradaRealEstate.com <span style= "font-size:
S1 E147 · Wed, June 27, 2018
How To Invest Outside Banks and Wall Street with Patrick Donohoe of The Wealth Standard – Finance, Investment, Economics, & Building Wealth
#147: You’re going to live longer than your parents and ancestors. Half of today’s retirees will live into their 90s. That’s good...if your finances can support your lifestyle. Patrick Donohoe, Founder and CEO of Paradigm Life , is our guest today. Debt is vital to wealth creation. We tell you why. Inflation vs. Deflation: this “Economic Tug Of War” is discussed. It’s deflationary globalization versus inflationary dollar-printing. Patrick tells us how to bank outside the banking system via the Perpetual Wealth Strategy. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:00 “Formal education will make you a living. Self-education will make you a fortune.” -Jim Rohn 06:08 Patrick Donohoe interview begins. 09:24 Retirement: is the very idea “anti-life”? 12:36 Buying time vs. selling time. Wall Street vs. Main Street. 16:06 Hanging around the same people equals the same results. 17:26 Debt. 25:17 Inflation vs. Deflation. 34:26 How to “be your own bank”. Resources Mentioned: ParadigmLife.net NoradaRealEstate.com MidSouthHomeBuyers.com <st
S1 E146 · Wed, June 27, 2018
Using Debt For Investment
#146: Debt is good. Debt is bad. Which type is good and which type is bad? When your tenant is paying your debt for you, that’s good debt. When you have consumer debt, that’s usually bad. But Keith contends that consumer debt can almost be good for some savvy investors that use debt for arbitrage. If you could have gotten a 3% loan on your car, but instead you chose to pay cash, then you’re probably paying an opportunity cost. In real estate, the return from equity is always zero. Debt replaces that zero-return equity. But would you ever pay all-cash for your property? Keith is a “leverage guy”, but yet he gives reasons for when and why you would want to pay all-cash. Would you borrow $100K from 0% APR credit cards to create arbitrage? Some do. Mortgages, Home Equity Lines Of Credit, Federal Funds Rates, automobile loans, student loans, and credit card debt are all discussed. Ultimately, you would rather be financially-free rather than debt-free. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:25 “Eliminate all debt” is just too simple to be true. 04:31 Why pay down mortgage principal at all? 05:50 A mortgage is a one-way street. HELOCs are a two-way street. 08:06 Robert Kiyosaki clip. 11:04 Consumer debt and arbitrage. 12:30 Increasing interest rates. 13:25 Higher FICO scores and Debt-To-Income Ratio limits. 15:05 Interest rates have never been this low while the job market is at full capacity. 16:29 Credit card arbitrage. <span s
S1 E145 · Wed, June 27, 2018
Real Estate vs. Stock Investing with Financial Advisor, Brent Sutherland
#145: Financial advisors sell stocks. Buy-and-hold stock investing doesn’t create wealth, but financial advisors create the illusion that they do. Today’s guest, Ntellivest’s Brent Sutherland, is a financial advisor that began successfully investing in cash-flowing real estate with 8 single-family properties. Brent pulls back the curtain on what’s going on “behind the scenes” with financial advisors and their biased “advice”. Really...what’s wrong with stocks? Keith adds content about how and why buy-and-hold stocks don’t create wealth with five reasons: inflation, emotion, taxes, fees, and volatility. This is partly due to secondary market dilution. Grab Get Rich Education’s new book at: GetRichEducation.com/Book Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:12 Why live anything less than a great life? 03:04 Hordes of people still believe that buy-and-hold stocks create wealth. What’s wrong with stocks? 05:41 The Nixon Shock, ERISA, and 1980s tax cuts. 10:52 Don’t build a budget. 16:00 Financial advisors’ pay structures don’t allow for recommending real estate. 17:27 Capital gains vs. income. 20:51 Can financial advisors get paid on performance? 24:29 Timing the market and emotion. 27:16 Real estate investing is not an “alternative”. 32:03 Your first income property cash flow check changes your life. Brent's $250-$300 monthly per property. 33:40 ROI. 38:06 Volatility. <span style="font-
S1 E144 · Wed, June 27, 2018
Cash Flow Market Profile: Indianapolis, Indiana
#144: In an economic crash, a great place to be positioned is in low-cost housing within a diversified metro market like Indianapolis, Indiana. Learn more at: GetRichEducation.com/Indy Indianapolis has a remarkable combination for investors: investor-advantaged property, a diversified economy, population growth, low unemployment, a business-friendly environment, low-cost housing, stable Indiana state finances, and more. Indianapolis’ business drivers are in some of the most diverse and necessary sectors: healthcare, finance, technology, education, and more. Amazon has set up an enormous distribution center in Indianapolis due to its central geographic location. Today’s guest offers turnkey cash-flowing real estate in Indianapolis. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 00:45 In an economic crash, low-cost housing can be a safe place to be invested. 06:42 Our guest was led to Indianapolis for: cash-flowing real estate, a diversified economy, population growth, low unemployment, a business-friendly environment, low-cost housing, and stable Indiana state finances, and more. 08:42 Indianapolis’ business drivers. 13:34 The State Of Indiana has a AAA credit rating and budget surpluses to help support business. 19:06 What if there’s an economic crash soon? 24:07 Foreign buyers in Indianapolis. 28:40 Rent-to-value ratios in Indianapolis. 29:50 Vacancy rate. 32:22 Making a real estate field trip to Indianapolis. <spa
S1 E143 · Wed, June 27, 2018
Your 1031 Exchange Guide: Tax-Deferral For Life
#143: You’re entitled to a great gift from the IRS - lifetime tax-deferral so that you never have to pay capital gains tax on the sale of your investment real estate. With a 1031 Tax-Deferred Exchange, you can infinitely defer your: federal capital gains tax, state capital gains tax, and depreciation recapture. From the sale of your property, you have 45 days to identify, and 180 days to close upon your replacement property. Details in-episode. 1031s are only for investment property. They’re amazing wealth-building tools, but you must follow strict rules. Graham Parham of Highlands Residential Mortgage joins Keith later in the show to discuss lending obstacles with 1031 Exchanges. 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: 02:12 Normally, upon the sale of income property, one must pay federal capital gains tax, state capital gains tax, and depreciation recapture. 03:29 1031 Exchanges vs. cash-out refinances. Reasons for doing a 1031. 06:35 Three identification methods: 3 Properties Rule, 200% Rule, 95% Rule. 09:40 Like-Kind Exchanges are flexible between income property types. 12:18 A technique to use a 1031 and still get your hands on the cash. 14:12 Primary residences have capital gains tax exemptions outside of 1031s. 18:29 Lending obstacles with 1031s. 22:38 1031 Example - sell 2 in Dallas, exchange for 4 in Birmingham. 25:32 Greater leverage. 31:06 Combining multiple properties into one exchange. 34:11 Simultaneous closings. Advantage of
S1 E142 · Fri, June 30, 2017
Today’s Lessons From The Housing Crisis and Mortgage Meltdown of 2007-2009
#142: 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 <span style= "f
S1 E141 · Fri, June 23, 2017
Advantages Of Single-Family Income Property with David Campbell
#141: Real estate hedonics and inflation effectively mean that real estate goes down in price over time. So then how can it be such a great investment? Keith answers. We run the numbers on a Memphis duplex. Keith calculates a 32.4% ROI right before your eyes. Keith tells you how to make more income if you’re living paycheck-to-paycheck. Learn about the opportunity cost of renting out a $620,000 south Florida home for $2,900. 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: 01:37 Giving. 04:57 Real estate hedonics. 09:46 Calculating Total Rate Of Return from real estate. 17:57 Most real estate investors can’t “keep score”. 19:34 Living paycheck-to-paycheck. How to get started? 24:34 People want change, but don’t want to change. 32:25 Renting out a $620,000 south Florida home. Resources Mentioned: NoradaRealEstate.com HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com <
S1 E140 · Fri, June 16, 2017
Advantages Of Single-Family Income Property with David Campbell
#140: Keith’s new book is now out in paperback form at: www.GetRichEducation.com/Book . Direct investment in single family income properties has strong demand from both investors and renters. Single-family home (SFH) income property advantages include: they trade independent of market cap rates, stronger appreciation than apartments, inflation protection, amortization, tax depreciation, lower cost, easier financing, more understandable, no shared walls, divisibility, less tenant turnover, and better locations than apartments. Today’s guest, HassleFreeCashFlowInvesting.com ’s David Campbell helps Keith break down single-family investing advantages. 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: 01:15 Ken McElroy in 2017: “It’s a terrible time to buy multifamily in most metros.” 06:23 SFHs trade independent of cap rates. 09:57 Appreciation vs. Inflation. 11:03 SFHs are approachable because they’re lower cost and financing can be easier. 14:52 No shared walls: pests, fires, noise. 15:48 Arbitrage. 18:00 Keep a low equity position for asset protection. 20:17 Divisibility. 20:53 The fallacy of “buying cash flow”. 25:08 Prepaying the mortgage is a huge mistake. 27:55 SFH: no or low utility payments. 29:00 Neighborhood quality. 32:00 Cash flow. <span
S1 E139 · Fri, June 09, 2017
Time vs. Money, Housing Inventory Shortage, Renting vs. Owning Your Home
#139: Grab Get Rich Education's new book at: GetRichEducation.com/Book . You need money in order to trade it for time. You can’t trade anything other than money for time. The housing inventory shortage will reach a peak before new construction can relieve the problem. Paying rent is not like “throwing money away every month.” Keith breaks down the trade-offs between renting vs. owning your primary residence. 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: 01:34 Apartment buildings between 2 and 9 units are no longer being built as often. 06:06 The overall shortage of housing inventory for sale. 07:23 Feeling imprisoned in your own home due to low inventory, rising interest rates. 12:39 Housing builder confidence is up. More new construction. 14:00 There is currently income property inventory in Jacksonville, FL: GetRichEducation.com/jax 17:39 Why do you think you need to own a home? 18:57 Paying rent is “not throwing money away”. Here’s why. 20:04 16 tradeoffs between Renting vs. Buying your own home. 28:06 Time vs. Money. Resources Mentioned: GetRichEducation.com/Book NoradaRealEstate.com <stro
Bonus · Tue, June 06, 2017
New GRE Book: 7 Money Myths That Are Killing Your Wealth Potential
Yes! Our first-ever book has been released today at GetRichEducation.com/Book . Brief and to-the-point, with no guest writers or ghost writers, Keith dispels seven of the most common money myths that limit your financial growth potential including: “Be debt-free” (a myth), and “Get your money to work for you” (another myth, believe it or not). “7 Money Myths That Are Killing Your Wealth Potential” has already hit Amazon #1 bestseller status in multiple categories. Grab it now before the price goes up after Friday at: GetRichEducation.com/Book
S1 E138 · Fri, June 02, 2017
Next-Level and Urban Real Estate Investing with Victor Menasce of Real Estate Espresso
#138: You’ve run out of money to buy real estate. What do you do now? You pool other people’s money for the down payment through a process called real estate syndication. Learn how. Urban real estate investing involves: exploiting geographic class segregation, “moving the gentrification line”, rent control, and public transit proximity. Today’s guest, Victor Menasce, is an Ottawa, Canada-based real estate syndicator. He’s an expert at teaching you how to raise capital from others for real estate deals in his book, Magnetic Capital . 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: 00:48 How can “real estate syndication” make you wealthy? 03:59 Investing in the U.S. vs. Canada: the biggest difference. 05:28 Urban investing: “Buy on the line. Move the line.” 07:48 Infill development. 09:22 New construction and low inventory. 10:18 Example on a buy-and-hold million dollar building. 13:07 Urban areas: higher appreciation risk and reward? 17:31 Leading indicators of up-and-coming areas. 19:58 Rent control discussion. 24:33 Raising capital from others. 29:26 Establishing trust, track record, compelling opportunity, alignment. 34:53 “Borrow” someone else’s track record. 40:19 Give yourself a promotion. Resources Mentioned: VictorJM.com <
S1 E137 · Fri, May 26, 2017
GRE Listener Eric Pratt Tells How He Built $3,600 Passive Monthly Income with Turnkey Property
#137: GRE listener Eric Pratt is today’s guest. His passive monthly RE income is $3,600, soon to be $4,600. He bought turnkey income properties: 6 in Memphis, 1 in Atlanta, and soon expects to close 1 in Birmingham. He carries 7 mortgages. Eric is in his 40s, married, and is a police officer in Anchorage, Alaska. Learn about how GRE has changed his life, and learn about one speed bump that he hit on the way. This show has been on the air every week for more than 2 ½ years and it’s changing lives. It’s time to hear your story. Keith tells you how you can be on the show with him. Keith brings you today’s show from Anchorage, Alaska. 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: 04:23 Today’s guest, Eric, had never heard of a podcast before learning about GRE. 06:04 Growing up in a financial family: Dad - banker; Stepmom - accountant. 09:34 Eric’s first investment property was bought in Las Vegas in 2001. 14:20 Eric used to invest out-of-state without knowing about turnkey RE investing. He previously tried to put the “team ingredients” together himself. 15:25 His first turnkey investment property was bought in Memphis in 2015 through Mid South Home Buyers . 16:45 Some think turnkey real estate investing is too good to be true. 19:01 Guest’s former mission to be debt-free changed to becoming financially-free. 24:40 Paid 6 ways at the same time? 26:26 Eric self-manages one property. Lesson learned: buy from a provider with in-house management rather than third-party management. 29:17 Paying $61,000 cash to own a Memphis property free-and-clear.</st
S1 E136 · Fri, May 19, 2017
Give Yourself A Pay Raise Today - Here’s How
#136: Get a pay raise from your employer with this innovative approach. Also, increase your rental income with this technique. L earn how to raise the rent on your tenant without losing them. It starts with you thinking about how your tenant is thinking. Use this “3 Options Strategy”. Think about your “Salary Reduction Plan” vs. your “Salary Increase Plan”. Don’t ask your boss for a raise. You’ll learn how to give yourself one. Keith also has a fresh take on property management. Keith brings you today’s show from Philadelphia, Pennsylvania. 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: 01:32 Raise the rent on your tenants in this innovative way. 03:59 Lease Renewal Options Form - give your tenant three rent amount and duration options. 05:34 Justification for increasing your rent: higher property tax, hazard insurance, utility costs, etc. 08:39 Why a subtle 3-5% rent increase helps you more than you think. 10:23 How to get a pay raise from your employer. 13:14 Negative cash-flowing property: perspective. 17:56 Don’t even ask your boss for a raise. 23:55 Property Managers - you want one, but yet you don’t. Discussion. 26:45 Subway restaurant analogy. 30:54 How many income properties could you own if you self-managed? 32:36 Find the right income properties through: www.GREturnkey.com Resources Mentioned: <p style="text-align
S1 E135 · Fri, May 12, 2017
From $50 Million To Zero: Falling From The Top Of The Real Estate Mountain
#135: From $50 million to zero. That’s what happened to the net worth of today’s guest, Rod Khleif, in the mortgage meltdown of 2008. His mistake was that he focused on real estate appreciation rather than cash flow, and he lost control. He’s owned 2,000 single-family homes and multifamily units. Rod is a motivating guy. He talks to us about Single Family vs. Multifamily Property, self-management of property, and the psychology of success and fulfillment. Keith brings you today’s show from upstate Pennsylvania. 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: 02:40 Single Family vs. Multifamily. 09:09 Professional management vs. self-management of property. 11:31 Self-visualization and motivation. 15:51 Goal-setting. The psychology of taking action. Visualization. 20:52 Gratitude. 22:46 How to find achievement and fulfillment. 29:49 Trade-offs: Single Family vs. Multifamily. 32:18 Should you ever self-manage property? 34:53 Giving yourself a pay raise at work and increasing your rent income on your properties. Resources Mentioned: RodKhleif.com | Text “ROD” to 41411 NoradaRealEstate.com TheRealAssetInvestor.com/GRE <p style="text-align: cent
S1 E134 · Fri, May 05, 2017
Quit Overpaying Your Taxes with Tom Wheelwright
#134: Tom Wheelwright, Rich Dad Advisor and Founder of ProVision talks with Keith about classifying income property repairs vs. improvements. We discuss how 401(k)s are for people that care little about involvement in their financial future. Will taxes ever get simpler? Tom says no. Classifying repairs vs. improvements is a big deal. There’s a $2,500 threshold distinguishing the two categories. Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:40 Early civilizations collected taxes: Ancient Egypt, Imperial China, the U.S. vs. Britain. 07:22 Income tax hurts employees most, beginning in 1944. 09:03 Will taxes ever get simpler? No. 11:30 Classifying repairs vs. improvements. “The $2,500 Rule.” 23:53 401(k) participation. Why would educated people be interested in one? 30:10 401(k)s are Salary Reduction Plans. 32:22 Before-tax vs. after-tax rates of return. 34:06 How to find the right tax advisor. Resources Mentioned: TaxFreeWealthAdvisor.com NoradaRealEstate.com <p style="text-align:
S1 E133 · Fri, April 28, 2017
Your Income Property Loan with Graham Parham
#133: Now you can put just a 20% down payment on your first 10 financed properties. Requirements for cash reserves are now lower too. We discuss the details. You need a loan for income property. Loans mean leverage. Leverage can produce great rates of return for you in an appreciating environment Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage talks about today’s terms for income property loans on 1-4 unit properties: down payment, interest rates, credit score, reserve requirements, debt-to-income ratios and more. We’re talking about conventional Fannie Mae / Freddie Mac financed property requirements on non-owner occupied real estate. Keith brings you today’s show from Philadelphia, PA. Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:30 Keith thinks that real estate will keep appreciating for a while, though at a slower rate. 04:35 20% down payments in your first ten 1-4 unit properties! Details. 06:57 Reserve requirements are now more loose. It’s now based on your unpaid balances. 11:12 Husband and wife: up to 10 loans each. 12:27 Home Equity Lines Of Credit and your Debt-To-Income Ratio. 15:14 The advantage of using an income property-oriented Mortgage Loan Officer. 19:00 Interest rates: owner-occupied vs. investor mortgage rates. 21:55 Down payments of 20% vs. 25%. Lower interest rate with 25% down? 23:57 Mortgage sequencing when you want multiple loans. 27:36 Looser lending climate toda
S1 E132 · Fri, April 21, 2017
Weapons Of Mass Production with Seth Williams of The REtipster Podcast
#132: Create wealth and time for yourself with these ideas, websites, apps, secrets, and shortcuts. Get a 51% ROI from turnkey real estate investing. How? Example given. Seth Williams of Bigger Pockets and the Lighter Side Of Real Estate joins us. Learn more about Seth at www.retipster.com . Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:52 Achieve a 51% ROI from turnkey real estate investing with: appreciation, cash flow, tenant principal paydown, tax depreciation, and inflation-hedging. 07:26 Risks. 09:34 GREturnkey.com - Turnkey cash flowing property in investor-advantaged markets. 12:42 NeighborhoodScout.com - Aggregating neighborhood data like crime, school district. 16:45 Overcast podcast listening app. 19:30 BombBomb.com - Send video e-mails. 22:00 RocketLawyer.com - Access to legal documents, contracts, real estate agreements. Convenient Q & A format completes documents for you. 23:28 Cozy.co - Free self-property management platform. 25:38 LeadPropeller.com - User-friendly website builder for real estate investors. 27:14 UnSplash.com - Free high-quality, rich images. Royalty-free and legal for your use. 29:00 InvestorCarrot.com - User-friendly website builder for real estate investors. 29:14 The importance of having a real estate investor website. 31:12 BluePay.com - Accept real estate payments through credit cards. 33:30 Trello.com - Cloud-based project management. Communicate with your team. 35:18 TextExpander.com - Productivity app that lets you conveniently insert boilerplate phrases. This way, you don’t need to type the same thing over-and-over. 37:34 <a hr
S1 E131 · Fri, April 14, 2017
Ken McElroy | What Your Tenant Wants Today
#131: Ken McElroy is our guest today. He’s the Rich Dad Advisor for real estate. Why does your tenant move out, and what will keep them inside your rental property? He tells us what tenants want today and how rental trends have changed over the last 5, 10, and 20 years. With over 10,000 units in multiple markets in his company’s control, he knows. In many markets, rent increases are not coming as easily as they were a few years ago. Ken & I discuss the best ways to increase income on your property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12 Polling tenants at move-out to determine why they moved. 05:05 Tenants are more mobile today. They go where jobs are. 06:40 Service level to tenants is more important today - fitness center, activities directors, shuttle vans, and even bartenders. 07:35 Living spaces of 200 - 300 square feet in urban cores and college towns. 09:44 Why can’t tenants pay more rent? Discussion on negative rent growth. 13:52 High rents can be a threat to public safety. 22:20 Why did your tenant move out? 28:03 School districts, crime. 30:19 Forecasting infrastructure improvements and how that boosts local real estate. 34:47 Websites that Ken uses for real estate market research. 37:22 Increasing your Net Operating Income - best ways, dumbest ways. 40:49 Pushing rents too high. 44:12 Ken feels real estate is still the best asset class to be invested in. But he tells us to exercise caution in a hot market. 46:22 Catch up with Ken at Ken
S1 E130 · Fri, April 07, 2017
America’s Money Answers Man: Jordan Goodman
#130: The U.S. housing market shortage is on. Inventory is getting squeezed in many markets. Keith discusses. Jordan Goodman is our guest today. He’s “America’s Money Answers Man” and you’ve seen him answer money questions across the decades on The View, Fox News Network, CNN, CNBC, the CBS Evening News, Money Magazine, and terrestrial radio. He’s also authored 13 books on personal finance. Jordan tells us: how you can use leverage, how to create a cash flow stream by making a real estate loan to others, what Donald Trump means to real estate investors, about the future of interest rates, consumer sentiment, and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:22 The U.S. housing squeeze is on. For example, in Seattle, one in only 263 homes is for sale. 04:24 Bubbles. 07:02 Jordan Goodman interview begins. 09:27 Leverage: dolphins vs. sharks. 16:28 Build an income stream of 8% cash flow by being a lender on commercial real estate. 27:18 Donald Trump and the real estate market. 31:21 The U.S. real estate shortage. 33:10 Interest rates. 34:27 Consumer sentiment and jobs. 37:32 Banks are not paying more on deposits, even with higher interest rates. 39:40 Reclaim your lost escrow dollars by using these websites. Resources Mentioned: MoneyAnswers.com NoradaRealEstate.com
S1 E129 · Fri, March 31, 2017
Finding Good Real Estate Deals In A Strong Market: Dallas, TX - with John Larson of Real Estate Cowboys Podcast
#129: Dallas, TX could be the strongest real estate market in the entire U.S. as it keeps experiencing staggering business, job, and population growth. In fact, Forbes has named Dallas, TX as the #1 place to invest in 2017. But if you live outside Dallas-Fort Worth, how do you capture the upside yourself? With turnkey single-family income property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:50 Texas has had great economic fortune for decades. Geopolitical Strategist Peter Zeihan tells us that this will continue. 04:18 Dallas-Fort Worth’s astounding population growth. 05:16 Why to invest in single-family homes rather than apartment buildings. 09:55 In a hot market, have a relationship with a team that can get housing inventory. 12:03 Competing for housing inventory. Targeting 7%+ cash-on-cash return. 15:31 Product type: SFHs with minimum of 3 BR, 2 BA, 2-car garage. 17:14 Don’t “over-improve.” Examples. 20:30 What type of person invests in turnkey real estate? Busy people. 22:38 In-house property management. 25:58 The economies of scale advantage with contractors. 28:30 Averages: rent income $1,600 and sale price $170,000. 29:51 Investors have one point of contact. 31:18 Management companies propose solutions, not just pose problems. 32:30 April 21-23: Attend the upcoming Dallas Income Property Tour & Workshop. 34:45 High tenant quality. 36:05 Positive cash flow. Res
S1 E128 · Fri, March 24, 2017
Five Money Myths That Are Killing Your Wealth Potential
#128: These five money myths are killing your wealth potential. Don’t believe: 1) Get your money to work for you. 2) Compound interest creates wealth. 3) Be debt-free. 4) Home equity has a rate of return. 5) Live below your means. All five of the above are money mindset myths. If you believe them, you won’t create wealth. Real estate investing cures all five money mindset myths. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:07 Your brain is programmed to survive rather than thrive. 06:10 Why dispelling mindset myths is important. 10:46 Other people’s money. 16:23 Example of financial leverage. 17:39 Don’t be debt-free; be financially-free. Examples. 24:45 Inflation-hedging. 26:15 Compound Interest vs. Leverage. 28:41 “Millionaire.” Who cares? 31:12 Equity has zero rate of return. It’s unsafe and illiquid. Examples. 35:25 Equity transfers. 37:29 Should you pay off your primary residence? 39:26 Lawsuits. 40:28 Myth: “Live below your means.” 43:10 Don’t budget. 44:32 Question your answers. 45:49 The power of being bold. Resources Mentioned: PassiveRealEstateInvesting.com <sp
S1 E127 · Fri, March 17, 2017
Don’t Be Debt-Free. Be Financially-Free.
#127: You are invested in a zero-return investment. Home Equity is unsafe, illiquid, and its rate of return will always be zero. Then why are you so heavily invested in home equity? We discuss strategies to turn this around, and use home equity as a wealth-builder for you. Making extra mortgage principal payments on one’s home is usually a terrible idea. Striving to be debt-free often prevents one from becoming financially-free. You'll see why. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:57 ROI. 04:28 Turnkey income property inventory keeps tightening. 06:33 You have money that you didn’t know you have. 07:35 Your value as a listener. 12:04 How much of a zero-return investment would you want? 13:44 Debt-Free vs. Financially-Free. 17:01 Property equity is unsafe, illiquid, and has zero rate of return. 20:18 Equity transfers. 24:46 Making extra principal payments on one’s home. 26:55 “Feelings.” 27:32 30-year fixed vs. 15-year fixed amortizing mortgage loans. 34:56 Control. 41:51 HELOCs. Resources Mentioned: NoradaRealEstate.com TheRealAssetInvestor.com/GRE <strong
S1 E126 · Fri, March 10, 2017
Robert Kiyosaki | You Are The President Of Your Own Life
#126: Robert Kiyosaki is our guest today. He’s the #1 Selling Personal Finance Author Of All-Time. He’s authored numerous titles, including the mega-popular “Rich Dad, Poor Dad”. He leads the Rich Dad Company, whose mission is “Elevating the financial well-being of all humanity.” Don’t work for money. Let your assets produce money for you. Kiyosaki’s enduring mantras include: The Rich Don’t Work For Money | Your House Is Not An Asset | Don’t Live Below Your Means, Expand Your Means | Savers Are Losers, Debtors Are Winners and countless other influential quotes and statements. Keith hosts today’s show from Anchorage, Alaska. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12 The power of the book “Rich Dad, Poor Dad”. 04:23 Robert Kiyosaki interview begins. 05:12 Kiyosaki: Our school system is corrupt. 07:36 The Communist Manifesto (1848) by Karl Marx and Friedrich Engels. 10:16 If you own enough production, you won’t work for money. 11:16 Dying capitalism in the United States. 13:05 “Don’t live below your means. Expand your means.” 15:25 Kiyosaki adds 300-400 properties to his portfolio annually. 16:39 “Printing money on demand.” 18:17 Oil prices. 21:21 You Are The President Of Your Own Life. 24:28 Before buying real estate, consider the amount of debt you can get. Net Operating Income. Consumer Debt vs. Investor Debt. 26:44 20th Anniversary Edition of Rich Dad, Poor Dad. 29:18 The rich, middle class, poor. Concern about a crash. Debt and taxes. </span
S1 E125 · Fri, March 03, 2017
Passive Income from Agricultural Real Estate with David Sewell
#125: Your passive income streams are durable to the extent that they’re diversified. Specialty agriculture can realize spectacular gains as the world’s amount of arable land diminishes. At the same time there are more mouths to feed. There is a massive undersupply of fine cacao for the world's strong market demand. Chocolate is derived from the cacao tree. Quality cacao thrives in the stable Central American nation of Belize. Finished products include gourmet chocolate and cacao butter. You can realize a cash flow stream from the annual harvest of the cacao beans, and it's all managed for you. Learn about the returns, risks, cacao supply vs. demand, and more. Keith hosts today’s show from Anchorage, Alaska. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:40 Durable wealth means having multiple diverse income streams. 03:12 Cacao (chocolate) farm investing in Belize. 05:00 Panama coffee farm parcel investing update. 07:01 Cacao farming business model. 09:11 Why Belize was chosen for cacao crops. 11:21 Supply vs. Demand for fine-flavored cacao. 16:05 Chocolate is a proven product with sustainable demand. 22:20 What a cacao farm looks like. 28:29 Risks. 31:48 $24,500 per half-acre parcel. Investors need not be accredited, no loans, 11-12% cash return expected over time (not including potential land appreciation). IRA funds eligible. 36:13 Exit strategy. 38:42 Proven product, stable government, secure, turnkey managed, social benefit. 41
S1 E124 · Fri, February 24, 2017
Create Cash Flow from Mobile Home Parks with Kevin Bupp
#124: Why mobile home parks of all investment vehicles? Guest Kevin Bupp tells us by explaining why they’re so misunderstood and he helps dispel stigmas. Mobile home park (MHP) residents stay in their home longer because they actually own the mobile home. Therefore, they also take better care of their place. As the investor, you rent the lot to the tenant. This also makes MHPs easier to manage. Keith brings you today’s show from Bridgetown, Barbados. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:02 There is a stigma with mobile home parks (MHPs). Here’s how that can actually benefit you. 05:04 Dealing with municipalities. 07:55 Management of MHPs. 10:31 Lack of competition. 14:07 Community aspect. 20:40 Utilities. 25:32 Financing for MHPs. Owner financing is more common than bank financing. 29:02 How do you find a mobile home park for sale? 33:29 Your Return On Time Invested. 37:24 Syndication opportunity. 38:10 Mistakes to avoid. 42:39 In two weeks, Robert Kiyosaki returns here to the show. Resources Mentioned: KevinBupp.com MobileHomeParkAcademy.com Loopnet.com <span st
S1 E123 · Fri, February 17, 2017
Mistakes To Avoid In Real Estate Investing
#123: What if the value of your income properties falls 40% vs. the value of stock falls 40%? We explore the strategic, emotional and practical side of this. Learn how you stop losing money by paying the opportunity cost of not being invested strategically. How to use desktop methods to research the right properties and markets. Keith is invested in a real estate market where there’s a recession. Here’s how he deals with it. Keith brings you today’s show from San Juan, Puerto Rico. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:50 Most real estate investors buy property for convenience, not strategy. 05:34 Reading about 3-D printing before investing in Memphis real estate (really?). 07:17 Use these desktop methods to research property. 09:12 When your stocks fall 40%, a story of what happens tactically and emotionally. 17:20 There have been 25 stock bear markets since 1929. 18:27 Corporate Direct for asset protection. 21:58 The mortgage meltdown of 2009. 23:31 What happens if you income property portfolio fell in value by 40%? 26:56 In a stock meltdown, companies disappear. In a real estate meltdown, you still own land, brick, concrete, wood, copper wire, and glass. 28:23 Warren Buffett’s Rule No. 1: “Don’t lose money.” 29:07 Keith owns income property in Anchorage, Alaska, and there’s a recession there. 31:34 Submarkets and business sectors. 34:58 Invest in 3-5 different metros. 37:11 Home inspections. <strong
S1 E122 · Fri, February 10, 2017
Resort Investing All-Done-For-You with Dave Zook
#122: How do you invest in resort property? Why would you want to? Ambergris Caye is Belize’s largest island. It has been named Trip Advisor’s #1 Island In The World two years in a row. Learn why. Ambergris Caye, Belize has world-class water sports, the longest living reef in the world, stable banking, is close to the U.S., English is the official language, and housing demand there far outstrips supply. Belize has business-friendly government officials and strong property ownership rights. A new construction resort development project on Ambergris Caye promises to help ease the supply constraint. There is an investment opportunity for you here. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:00 Serving resort-goers often means serving Baby Boomers. 04:25 What’s riskier: investing outside your home nation, or having everything tied up in one nation’s economy and currency? 06:36 Belize is closer to more Americans than Hawaii. Airlines are adding passenger seats to Belize at an astonishing clip. 07:58 Why resort investing? Why Belize? 11:30 Belize is Central America’s only nation where English is the official language. 15:14 Ambergris Caye’s transition from a sleepy fishing village to world-renowned destination. 17:15 The large barrier reef is just hundreds of yards off the island. This attracts sportfishing, snorkeling, and diving. It also acts as a natural hurricane buffer. 21:37 Mahogany Bay Village on Ambergris Caye. 24:00 Belizean wood products and Belizean labor are utilized to construct the project. 24:38 What’s the opportunity for the investor? 26:58 Lack of financing is a problem. It’s also an opportunity. 30:
S1 E121 · Fri, February 03, 2017
Your Money Mindset with Hilary Hendershott of Profit Boss Radio
#121: What’s your personal “Money Operating System”? Hilary Hendershott is the personal finance expert on the NBC Evening News in California’s Silicon Valley. An MBA, CFP, and TEDx Speaker, she’s an an authority on money strategy and mindset. Money has an infinite supply; then why do most people have a limiting belief about money? Also, we discuss how men and women approach money differently. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:05 Rising mortgage interest rates. 05:00 Hilary Hendershott interview begins. 06:03 Limiting beliefs about money. 08:47 Money isn’t real; it’s a concept, an abstraction, a promise. 11:43 Lottery winners that go broke. 13:44 Common “Money Operating Systems”. 18:18 Does society spend too much time emphasizing money? 20:00 Men vs. women and money. 26:04 Real estate investing for cash flow. 28:22 Tax depreciation on rental property. Avoiding depreciation recapture. 31:38 “Money is the root of all evil.” Really? Keith analyzes. Resources Mentioned: HilaryHendershott.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE <a href="http://midsouthh
S1 E120 · Fri, January 27, 2017
Jacksonville Turnkey Real Estate Investing with Gregg Cohen
#120: One of the few coastal markets where you can find cash flow is Jacksonville, Florida. Fortune 500 companies, the military, and the seaport support this market, not tourism. Learn about investing in these single-family homes with two and three-year leases, how unscrupulous management companies can manipulate you, and how to protect your cash flow. Learn more at GetRichEducation.com/Jax Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 00:54 Don’t follow money. Make money follow you. 03:31 Have a sound strategy. Don’t “throw darts at a map”. 04:02 In real estate investing, your team of pros (Property Manager) could be more important than the geographic market itself. 05:01 Gregg Cohen interview begins. 06:29 Cash flow in a coastal market? 08:04 Population growth, business sectors and industry. Amazon. 11:31 Jacksonville is younger than the rest of Florida. Age 35 vs. 42. 12:27 Panama Canal expansion and Jacksonville. 14:59 Property Management: How some companies manipulate you with 1-year leases. 20:46 2-year and 3-year leases as “the norm.” 24:42 Renovation & management companies have the same ownership. Communication. 29:15 How to protect your cash flow amount. 30:40 3 bedroom, 4 bedroom, and 5 bedroom single-family homes. Screening tenants. 33:54 Florida Landlord-Tenant Law. 35:16 Property improvements. 38:1
S1 E119 · Fri, January 20, 2017
Harry Dent | Market Predictions 2017 - 2019
#119: Harry Dent is our guest today. He’s among the world’s best-known financial prognosticators. Does Harry still think the Dow Jones will fall to 6,000 points this year? Dent answers questions most won’t: Where are real estate prices headed? Oil? Interest rates? Stock market? Inflation vs. Deflation? Gold? GDP growth? Author, Economist, Demographer Harry Dent’s latest book, released this month, is called “The Sale Of A Lifetime: How The Bubble Burst Of 2017 Can Make You Rich” . Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:28 Harry Dent likes making predictions. People listen because the depth of his research is so extensive. 05:16 Harry believes the stock market will trend up until the summer, then a potential crash begins. 10:30 Growth that the U.S. experienced in prior decades won’t return due to demographics. 12:53 Stock market bubble catalysts / indicators: Demographics, Trump, bonds. 15:30 How China’s overbuilt infrastructure affects you & the world. 19:42 Can Trump control demographics? 24:00 Dent: Why interest rates are headed up, then going lower than ever. 28:15 Which real estate will falter? Which will do well? 30:57 Dent: Mortgage interest rates will peak this year at 4% to 4.5%, bottoming around 2020. 33:07 Dent: In a downturn, positive cash-flowing residential real estate looks great. 33:53 Dent: Oil prices won’t go over $62. Could fall to $20-$30 again. 35:45 Dent: Deflation more likely than inflation. 5-10% inflation is impossible. Gold comments. <span style="font-siz
S1 E118 · Fri, January 13, 2017
Why Real Estate Beats Other Asset Classes with Marco Santarelli
#118: What’s your risk tolerance? Keith discusses risk with mortgage loans for 1-4 unit properties, then for apartment building loans. Later, Marco Santarelli joins Keith to tell you why they believe that real estate is the best asset class compared to stocks, businesses, commodities, and cash. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:37 Should you get a 30-year mortgage loan or 15-year? 05:02 Risk with apartment building loans - balloon terms, interest-only loans, prepayment penalties. 11:31 Keith’s personal habits and faults. 12:58 Get Keith’s free wealth-building newsletter is at GetRichEducation.com Read Keith’s blog at GetRichEducation.blog 18:51 Marco Santarelli interview begins. “Why real estate?” 22:03 Real estate provides five profit centers at the same time. 23:00 What is an asset class? 25:24 Paper assets. 27:08 Stock dividends, options trading. 28:59 Commodities. 30:43 Investing in businesses. 34:18 Real estate investing. 35:32 Liquidity, control, passivity, stability. 37:20 Cash’s importance for emergencies, opportunity to fund a deal. Resources Mentioned: NoradaRealEstate.com <a href= "http://www.passivereal
S1 E117 · Fri, January 06, 2017
Birmingham Turnkey Real Estate Investing with Maureen McCann
#117: Surprisingly, Alabama is one of the most economically forward-looking U.S. states. Here’s why, and here’s how you can profit from this at the right time in the business cycle by investing in Birmingham income property. Birmingham is Alabama’s largest city amidst a growing population, diverse economic sectors, and a business-friendly climate. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:01 Alabama is one of the most economically forward-looking states in the U.S. 03:44 Geopolitical Strategist Peter Zeihan’s remarks about Alabama’s top ability to attract foreign capital. 05:22 Disloyalty to markets. 06:14 Don’t be a flipper or landlord. Be an investor. 08:00 Maureen McCann interview begins; Birmingham’s business sectors. 10:14 The right Birmingham submarkets and neighborhoods. 12:17 Average $104,000 purchase price, $1,050 rent, 3 BR/2 BA, 1,500 sf. 15:55 Renovation extent. 18:41 Tenant retention. 19:39 Property manager communication with you. 22:10 When you close, property is occupied 96% of the time. 25:12 Turnkey Provider and Property Manager all in-house. 27:44 Tenant screening. 29:29 Alabama as a landlord-friendly state. 30:28 Geographic pitfalls? 32:32 Choosing the right team. 34:45 Minimum investment to get started. 35:22 Learn more at GetRi
S1 E116 · Fri, December 30, 2016
Trump’s Tax Plan featuring Tom Wheelwright
#116: Rich Dad Advisor Tom Wheelwright says that the U.S. could become a tax haven. We discuss other potential tax changes that President-Elect Donald Trump will make. Keith also recaps what happened in financial markets this year: real estate, stocks, gold, inflation, dollar index, interest rates and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:42 This year: real estate up, stocks up, gold & silver up, dollar index even, interest rates up, inflation up, autonomous cars hit streets, Chinese yuan into IMF, Brexit, Trump election. 06:36 Robert Kiyosaki and Harry Dent predictions. 09:48 Donald Trump parallels with Ronald Reagan. No individual income tax reform in first term. 12:53 Tax rates won’t go up next year. Oil & gas tax benefits will be retained or expanded. 14:11 Carried interest. 17:59 Trump’s company lobbied for the “real estate professional” tax designation. 21:28 Limit on itemized deductions coming? 23:32 Expect U.S. corporate taxes to be lowered down from 35%. 28:25 Trump wants a 15% “business tax rate.” Amnesty. 30:03 Why is the U.S. successful with such high corporate tax rates? 31:10 Tom Wheelwright: The U.S. could become a tax haven! 32:37 How will we pay for tax reduction? Not growth, but even more debt. 34:08 Financial crash implications. 36:52 Here’s how you can act now. 40:37 Keith: Let’s lower tax rates, and increase the number of taxpayers. <span
S1 E115 · Fri, December 23, 2016
Should You Become A Real Estate Agent? With Kevin Cross
#115: Obtaining your RE license isn’t that difficult in many states. Would this help you land deals for income property? Yes, and there are tons of other benefits...and drawbacks. Kevin Cross of Foundations Real Estate Experts is a savvy real estate investor, licensee, and former President of the Anchorage Association of Realtors. He tells us the advantages and disadvantages of getting your RE license. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:06 Keith likes BombBomb.com video-e-mail service and the Blinkist.com condensed reading app. 08:11 How can getting your RE license help you get into the deal flow? 12:20 Saving yourself the agent commission - and using that as a down payment. 15:06 The benefits you realize as an agent when you build a network of home inspectors, HVAC companies, roofers, etc. 18:27 When you sell property, act as your own agent. Referral fees. 24:59 Licensing requirements - educational hours, exam, licensing fees. Often $3,000 - $5,000 out-of-pocket to start. 26:55 Difficult to be a “part-time” agent. 28:48 You don’t get paid for 90 days. 31:16 Fiduciary responsibility and disclosure. 36:42 90% of sales are made by 10% of agents. 37:11 Do you split your commission with your broker? Must you have an office there? 41:06 After marketing fees and dues, agents earn about 1.5% per transaction. Resources Mentioned: <p style="text-align: cen
S1 E114 · Fri, December 16, 2016
U.S. Geography and Real Estate Investing with Peter Zeihan
#114: Your mental map is stimulated today as we discuss what geographies will be prosperous for real estate investors. Geopolitical Strategist Peter Zeihan of Zeihan.com takes us on a virtual cross-country journey economically, geographically, and demographically. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:46 The Mississippi River System promotes continental commerce. Luckily, it’s superimposed atop the U.S. agricultural belt. 06:47 Demographic luck. 13:54 Capital flight to “Gateway Cities”: Toronto, Montreal, Vancouver, Santa Monica, San Francisco, Seattle, New York City, and Miami. 17:38 “Reinvented Cities”: Oklahoma City, Austin, Salt Lake City, Charleston (SC). 20:05 Migration to low-cost-of-living cities. 25:27 New England. 26:58 New York. 28:42 Pennsylvania. 31:44 New Jersey through DC to the Carolinas. 34:22 Georgia. 36:21 Florida. 38:12 Alabama. 40:53 Tennessee. 43:12 Great Lakes Region. 44:11 Missouri. 45:16 Arkansas & Louisiana. 46:58 Texas. 50:01 Upper Great Plains. 51:07 Denver and Salt Lake City. 53:16 Arizona and Nevada. 56:53 California. 59:33 Washington and Oregon. 62:47
S1 E113 · Fri, December 09, 2016
Create Cash Flow By Lending with David Campbell
#113: You can be a lender instead of a borrower with Mortgage Note Investing. Real estate is your collateral, securing your loan. Why would you want to give a loan to someone that can’t qualify for a bank loan? David Campbell from Hassle-Free Cash Flow Investing tells us why and how. 9-10% cash-flowing rates of return are common. Compared to buy-and-hold RE investing, this is more liquid, less risky, and incurs lower transaction costs. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 07:05 Why now is a good time to move chips from the equity side to the debt side. 10:48 Mortgage Note Investing is also similar to terms like “Hard Money Lending,” or “Private Lending.” Also, discussion of Mortgage vs. Deed Of Trust. 15:45 Buy notes where the borrower has 20-25%+ equity in the property. 23:02 Mortgage Notes provide higher cash flows, less risk, more liquidity, lower transaction costs compared to owning real property. 26:47 Example on a $75,000 mortgage. 34:50 Use your IRA or HELOC to create arbitrage. 36:38 Knowing good from bad, and avoiding fraud. 43:14 Turn your equity into cash flow. Resources Mentioned: HassleFreeCashFlowInvesting.com/GRE TheRealAssetInvestor.com/GRE CorporateDirect.com <a href="http://www.ridgelendinggroup.com/" target="_blank" rel= "noo
S1 E112 · Fri, December 02, 2016
401(k) Plans Destroy Your Dreams
#112: Two undercover thieves are robbing you of your dreams. They’re stealing your prosperity both now and in the future. This is why people think they’re “getting ahead,” but they’re falling behind. Learn about the problems with 401(k)s and inflation - it’s even worse than you think. Learn how to get on top of this and get empowered today. Keith brings you today's show from Dallas, TX. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:33 Be unusual. 03:33 A terribly naive statement: “Socking away money in your 401(k) will make you a millionaire.” 07:08 401(k) saving is misdirected. It’s herd mentality pumped up by a billionaire-dollar Wall Street marketing campaigns. 09:40 History of the 401(k) and Ted Benna, creator of the Plan. “Salary Reduction Plans.” 13:35 Dollar-for-dollar matches in 401(k)s. 17:12 A 401(k) is a ZERO cash flow plan. 24:24 The secret monthly bill that you don’t know that you’re paying. 26:57 Real ROI vs. Nominal ROI: How “winning” is really losing. 28:38 Taxation is not adjusted for inflation. 30:40 The first step to solving your problem is recognizing that there is one. 32:04 Your real estate cash flow increases faster than inflation over time. See at: GetRichEducation.com/videos Resources Mentioned: TheRealAssetInvestor.com/GRE <div style="text-align: cente
S1 E111 · Fri, November 25, 2016
Apartment Building Investing All-Done-For-You with Dave Zook
#111: Looking for passive income but can’t find an attractive real estate deal in today’s climate? Invest with a trusted, savvy investor that’s an expert in identifying profitable apartment building deals for others. Dave Zook, Founder Of The Real Asset Investor, has a remarkable track record of providing reliable returns to investors. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 05:05 Entering real estate for tax mitigation reasons. 07:40 Rich Dad influence. 09:15 Many wealthy people are willing to invest in 1% yield CDs! 11:26 Planting the seeds of real estate syndication. How to stay in the “deal flow.” 12:57 The people are more important than the product. Which people are “real” and which are not? 15:45 Multifamily property in Memphis. 20:03 Forced appreciation. 22:31 Dave is successful because he considers his investors’ need, not his need. 24:08 Value-add property improvements include a high-tech video surveillance system. 26:26 Dave’s investors benefit in ways that direct investors don’t. 28:38 Dave puts his own “skin-in-the-game” alongside his investors. He has a vested interest in property performance. 30:05 Investors paid quarterly: 8-11% Cash-On-Cash Return. High teens to 25%+ Internal Rate Of Return. 31:44 Taxes. Accelerated depreciation (from Cost Segregation) gets passed along to each investor. 33:41 Annual investor barbecue. 35:03 Win a free real estate field trip to Memphis or Belize at www.TheRealAssetInvestor.com/GRE 36:
S1 E110 · Fri, November 18, 2016
Being Wealthy Is A Choice
#110: Wealth and fulfillment are matters of your personal choice. "Being Wealthy Is A Choice" is something that I didn’t believe when I first read it in a Robert Kiyosaki book 15 years ago. Now, I know that it’s true. Learn how to choose wealth. Be bold. Live where you want to live. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12 You need to believe that being wealthy is a choice. 03:26 You’re unfulfilled because you spend too much time at your job. 06:20 Live where you want to live 09:09 Be bold. 13:14 Disable notifications. 13:53 Associate with people whose future is bigger than their past. 15:17 Fear and doubt destroy more dreams than failure ever does. 16:24 Die with memories, not dreams. 22:52 You’re paid five ways at the same time with RE investing. 30:05 Risk. Resources Mentioned: Article: The 5 Ways You’re Paid In RE Investing CorporateDirect.com NoradaRealEstate.com <a href= "http://w
S1 E109 · Fri, November 11, 2016
Memphis Turnkey Real Estate Investing with Mid South Home Buyers
#109: Memphis, Tennessee is the longtime King Of Real Estate Cash Flow. Mid South Home Buyers in Memphis is the turnkey company with smart systems and great service. Learn how they got their advantage. Founder Terry Kerr and Investment Coordinator Liz Nowlin tell us what makes Memphis unique. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:44 Return From Equity (RFE) and Return On Equity (ROE) are two different things. 06:18 Equity positioning is key to your investing strategy. 07:18 Volatile markets vs. Stable markets. 10:23 Terry Kerr and Liz Nowlin interview begins. 12:15 Mid South Home Buyers manages 1,450 properties, 98%+ occupancy, 77%+ of tenants renew their leases. 14:28 Memphis is a distribution hub. 15:27 52% of Memphis residents rent rather than own. 17:33 Some turnkey providers “mark up” materials. 20:58 The best-renovated houses in Memphis: roofs, HVAC, kitchen, bathroom, electrical, plumbing, flooring, more. 23:48 Under-market rent amounts. 24:40 Warehousing of materials creates efficiencies. 25:49 Communication. 29:07 A larger pool of tenants to select from. Resources Mentioned: MidSouthHomeBuyers.com <div styl
S1 E108 · Fri, November 04, 2016
Renting vs. Buying Your Home with Kirk Chisholm
#108: Should your rent or own your primary residence? Consider feelings, equity buildup, control, leverage, personal cash flow, mobility, inflation, taxes, liquidity, opportunity cost, sunk costs, and much more. Innovative Advisory Group’s Kirk Chisholm joins Keith for the chat. Keith tells you how much his home is worth. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:55 Your home is not an asset. 08:51 Why throw away money on rent? 12:15 Rental “stigma.” 16:10 Liquidity. 17:50 Sunk costs like furniture, maintenance, amenity obsolescence. 20:14 Inflation, leverage, appreciation. 23:57 Three methods to help you determine to rent or buy. 27:51 Wider selection of homes to buy than rent. 30:41 Rent-To-Value Ratio. 34:08 Today’s low homeownership rates. 35:19 “Touchy feely things.”
S1 E107 · Fri, October 28, 2016
Garrett Sutton | Protect Your Real Estate with LLCs
#107: Rich Dad Advisor Garrett Sutton is our guest today. His firm, Corporate Direct, offers smart asset protection and simplifies what seems complex. Keith is back in Anchorage, AK for today’s show. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12 Rely on your team. You don’t need to know everything. 04:52 “12 Reasons It’s A Great Time To Be A Real Estate Investor.” 11:20 Garrett Sutton interview begins. 12:45 Charging orders. 14:48 States offer different protections. You can “borrow” from the best state’s protection. 17:05 Texas asset protection. 22:24 Protecting yourself when you own real estate in multiple states. 25:04 Equity stripping. 26:18 Why Garrett wrote his new book, Toxic Client . 28:12 “Entitlementia.” 31:24 Why many attorneys get asset protection wrong. 33:18 When Robert Kiyosaki was famously sued, Here's how Garrett protected him. 34:14 Corporate Direct’s affordable fees. $695, or $595 for GRE listeners. Resources Mentioned: CorporateDirect.com Phone Corporate Direct 1-800-600-1760 Amazon: Toxic Client book <p st
S1 E106 · Fri, October 21, 2016
Quitting Your Job and Passive Income with GRE’s John Collins
#106: With enough passive income to meet your living expenses, you can potentially quit your job. GRE’s Business Developer John Collins just quit his job. He tells us how it feels. Keith brings you the show from Ontario, Canada today. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:38 How close are you to quitting your job? The PPY. 05:42 A metaphor about life being the journey, not the destination. 07:40 If the Dow Jones rises from 19,000 to 20,000 points, that’s NOT a gain! 10:41 With zero financial education, stocks are better than real estate. With some education, real estate is better. 12:08 Monthly property management statements. 15:50 The jet pilot. 19:12 GRE’s John Collins quit his job that paid $100K-$200K per year. 22:47 Overcoming fear of leaving the job. 24:32 Nothing dispels fear like education; social connections. 28:48 Altering your life structure. 32:35 Do you still know when it’s “Payday” at your employer? 36:40 Feel of the “corporate-ocracy.” 39:09 With more passive income, here’s how you’ll begin thinking differently than your co-workers. 41:15 Entrepreneurship is not for everybody. “Turnkey job.” Resources Mentioned: Book: “Pivot” by Jenny Blake CorporateDirect.com <
S1 E105 · Fri, October 14, 2016
Texas Turnkey Real Estate Investing with Carl Dean
#105: Texas is a job creation juggernaut. Companies are being lured to Texas at a staggering rate by a business-friendly environment, low labor costs, and tax incentives. Texas is where you have some of the fastest-growing, most economically stable markets in the nation. Your durable rent income comes from tenant jobs. Learn about how to get into this market with an award-winning turnkey real estate investment provider at GetRichEducation.com/Texas . Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:29 Turnkey real estate investing defined. 04:44 Win-wins. 05:16 Why turnkey RE is not too good to be true. 09:30 A “Tenant Inspection Report.” 11:34 Carl Dean interview begins. 13:39 Carl moved to Texas because that’s where the jobs and better properties are. 15:05 Is the Texas RE market overheating? 18:02 Medical, financial sectors. More than just oil. 20:19 Migration into Texas. 21:53 Property taxes. 24:03 Price sweet spot of $140K-$250K. Rent-to-value ratios. 25:15 Lease duration and 5% rent increases each year. 29:40 Plano and Frisco often have price points that exceed the cash flow “sweet spot.” Fort Worth and south Dallas areas are generally better. 32:18 3 Bed / 2 Bath single-family homes are the minimum size criterion. 35:07 Exit strategy. 37:58 A “cheap” property isn’t enough for an investor. 38:50 Placing the right te
S1 E104 · Fri, October 07, 2016
T. Harv Eker | Secrets Of The Millionaire Mind
104: T.Harv Eker is our guest today. His mega-popular seminars and book, “Secrets Of The Millionaire Mind: Mastering The Inner Game Of Wealth” have transformed countless lives. Harv tells you: “Think Rich To Get Rich.” Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:58 What do you really want in your life? 09:04 Thoughts > Feelings > Actions > Results 11:28 Your mind is set to a “Wealth Thermostat.” 14:37 How to change your Wealth Thermostat: 1) Awareness. 2) Understanding. 3) Reconditioning. 19:24 Your thought influences are: verbal conditioning, modeling, specific incidents. 20:35 Are rich people evil? 26:08 Is it ethical to make passive income? 32:15 How rich people specifically think differently than most people. 34:50 The Bible and wealth. 39:14 Dealing with your disapproving family members. 44:28 Seminars. 45:10 How to win the money game. 50:31 The importance of passive income is freedom. 55:20 “SpeedWealth” has 8 principles. Resources Mentioned: Get SpeedWealth free at HarvEkerOnline.com/GRE Secrets Of The Millionaire Mind - book <a href= "https://www.corporatedirect.com
S1 E103 · Fri, September 30, 2016
Tax-Free Real Estate with Tom Wheelwright
#103: Tom Wheelwright is a tax genius and regular contributor here. He’s the Founder and CEO of ProVision Wealth, which prepares Keith’s tax returns. TaxFreeWealthAdvisor.com Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 04:04 Every dollar of your income is either taxable or not taxable. 08:08 How you are double and triple-taxed. 09:59 How tax depreciation works for real estate investors. 13:33 Cost segregation. 16:10 Why Donald Trump won’t release his tax return. 20:14 Here’s when you start a tax and asset protection strategy. 23:40 Holding your real estate in an LLC vs. “S” Corp. 25:55 IRS audits and taking deductions. 28:06 Garrett Sutton. 29:40 Picking the wrong lawyer. 32:48 Audit prevention: 1) Documentation. 2) Competent tax preparer. 3) Don’t talk to the IRS. Resources Mentioned: TaxFreeWealthAdvisor.com or call 866-467-5809 CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com <a href= "http://www.getricheducation.com/" target="_blank"
S1 E102 · Fri, September 23, 2016
Geography and Real Estate Investing with Peter Zeihan
#102: Hardship in your life changes your mindset, goal, timetable, and your investing risk tolerance. It changes how your think about your “Return On Time Invested.” Meet Ben Leybovich. Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:39 Ben Leybovich Interview begins. 05:30 Ben is diagnosed with Multiple Sclerosis. 07:40 A process of elimination brings Ben to real estate investing. 11:08 Emotional investing. 14:20 Unlike Keith, Ben self-manages his properties. He uses Buildium.com . 16:40 ROI. 30:18 Cash flow rises faster than inflation when you’re leveraged. 32:45 Guesswork - rent escalators, fixed mortgage interest rate duration. 33:43 Real estate environment in 2016. 36:50 Ben likes buying “below market.” Underwrite to fundamentals. 39:26 Regional housing markets. 44:19 Ten years ago, U.S. housing prices were 24% higher than today, adjusted for inflation. Resources Mentioned: JustAskBenWhy.com Buildium.com NoradaRealEstate.com CorporateDirect.co
S1 E101 · Fri, September 16, 2016
Geography and Real Estate Investing with Peter Zeihan
101: Geography is hugely important to real estate investing, economics, demography, and geopolitics. Peter Zeihan has a remarkable grasp on “location, location, location.” Learn the case for why the United States is not in decline. It will continue as a global superpower. Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 04:01 The case that America is positioned to continue as a financial, agricultural, and industrial superpower. 06:05 Rivers. 08:38 Urban centers. 10:00 Geography shapes cultural isolation and integration. 13:16 Diffusion of ideas and technology. 14:55 3-D printing changing the geography of distribution. 23:35 Oil and petroleum. 30:28 Inflation vs. Deflation. 33:16 Japan. 38:23 Which countries will prosper. 42:14 Can another nation be like the United States? 43:05 U.S. Midwest, Texas looks great for growth. Alabama. 45:36 Gateway cities: San Francisco, Santa Barbara, New York, Miami and Seattle. Resources Mentioned: Zeihan.com The Accidental Superpower (book) CorporateDirect.com </sp
S1 E100 · Fri, September 09, 2016
100th Episode Special with GRE’s John Collins
#100: How to measure your wealth, a fun retrospective of the first 100 episodes, and a visit from GRE’s Business Developer John Collins. Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:25 Let’s measure your wealth. Right now. Here’s how. 06:12 Favorite GRE mantras and catchphrases. 09:16 How to increase your wealth. Determine your “PPY” and convert equity to cash flow. 13:02 Traffic and commuting. Appreciate what you’ve already got while you expand. 17:58 A memorable look back at some noteworthy GRE episodes. 28:31 GRE’s John Collins appears. 33:07 Real estate’s advantages and five profit centers. 34:16 Awareness of outdated investment paradigms. 35:05 Nearly every dollar you spend is related to real estate. 37:40 If you wait until you’re old to be gratified, did you win? 38:50 Sabbaticals. 43:30 Exposure to fresh ideas multiplies you in “unthought of” ways. Resources Mentioned: CorporateDirect.com RidgeLendingGroup.com NoradaRealEstate.com GetRichEducation.com
S1 E99 · Fri, September 02, 2016
Investor Mortgage Loan FAQs with Ridge Lending Group’s Caeli Ridge
#99: Income property investors’ most commonly asked mortgage questions are answered by Ridge Lending Group President and CEO Caeli Ridge. There’s a lot of good news - the lending environment is loosening. www.RidgeLendingGroup.com Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:39 This episode is about conventional financing of income property. 02:58 Next week’s milestone Episode 100 will be special. 04:57 Caeli Ridge interview begins. 07:54 Seasoning of funds. Gift funds. 10:27 Reserve requirements. 60% of your retirement funds qualify for reserves. 13:37 LLCs. Married couples. 15:10 How wife & husband can get 20 conventional loans. 17:17 Cash-out refinances: two types - standard and delayed. 26:05 DTI - Debt-To-Income Ratio. 50% maximum. 28:00 How your DTI changes when you add a rental property. 31:23 Credit score. 33:39 How the mortgage lending industry is loosening, not tightening. 34:25 It’s now up to 80% LTV for your first ten financed single-family income properties. Resources Mentioned: RidgeLendingGroup.com CorporateDirect.com <a href= "http://www.n
S1 E98 · Fri, August 26, 2016
Cap Rate, Cash-On-Cash Return, and Equity Management
#98: Turn your $100K into $300K over five years with five turnkey income properties. See exactly how. Also, Cap Rate, Cash-On-Cash Return, and Equity Management are explored. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:03 Special technique to help you get more rent for your property. 04:37 How to add value to a multifamily property via NOI and Cap Rate. 08:58 Cap Rates versus Cash-On-Cash Return. 11:51 Neighborhood character affecting valuation. 13:50 How to create wealth with five turnkey properties over five years. 21:24 Amazon lockers are changing apartment buildings and consumer behaviors. 25:02 Keith’s HELOC application was denied! Details. 27:02 Earthquakes. The return from home equity is zero. 31:29 The borrower is in control of a loan, not the lender. 32:22 Why “Live Below Your Means” Is Bad Advice. Resources Mentioned: CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com
S1 E97 · Fri, August 19, 2016
Assisted Living Homes Create Massive Cash Flow with Gene Guarino
#97: Generate $36,000 of monthly income and $10,000 of monthly cash flow per single-family residence used as an Assisted Living Home (ALH). Demographics tell the story. Our aging population means there will be more need for senior housing. Gene Guarino of the Residential Assisted Living Academy tells us why and how to own and operate ALHs. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:05 Get $5,000 - $15,000 cash flow per month from one single-family home. 01:37 Upcoming guests on future shows include T. Harv Eker and Tom Wheelwright. 02:50 40 million senior citizens today will balloon to 89 million by 2050. 05:15 Single-family homes - not giant institutional complexes - are a great niche for the individual investor / businessperson. 08:09 Don’t be involved in the day-to-day operation of the ALH. 09:13 Ideal ALH location. Home size 300-500 sf per person. 13:20 No commercial kitchen. Grab bars, wide doors. 14:18 Profit & Loss Statement. $36,000 / monthly avg. income for ten private rooms in one ALH. 17:51 Owning vs. Leasing the real estate to operate your ALH. 19:43 Zoning, Licensing, Liability Insurance. 27:13 How do you find an ALH? 31:19 State-administered trainings vs. business-oriented trainings. 32:39 Financing. 37:15 Occupying your ALH with residents. 39:27 “Mom & Pop” ALHs. 42:04 Caring for others. 43:35 What
S1 E96 · Fri, August 12, 2016
Keith Weinhold Interviewed about Abundance and Leverage
#96: Keith’s story about starting in real estate, how to think abundantly, and leveraging the efforts of others to create wealth for yourself. Keith is interviewed by Kathy Fettke. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:20 Before you expand, appreciate what you already have. 05:44 Avoid the crowd constantly focused on “spending less.” They live half-dead. 08:41 An inspirational Dale Partridge quote to live by. 12:19 Starting big. Most people move & follow the money. Instead, make money follow you this way. 14:03 Buying a four-plex: 3.5% down, 12 months owner-occupy, minimum 580 FICO score. 15:51 Utilizing other people’s money. 18:26 Compound interest is lame and slow. Here’s why. 22:28 Don’t be debt free. Be financially free. 23:56 In RE investing, the property is only the fourth most important thing. 24:50 Here’s how Keith expanded his real estate portfolio with other people’s money. 27:30 Investment RE markets in Dallas-Fort Worth, and Anchorage, AK. 29:43 Value your time. 33:57 A bar of iron costs $5. What will you turn it into? Resources Mentioned: GetRichEducation.com CorporateDirect.com NoradaRealEstate.com <p style
S1 E95 · Fri, August 05, 2016
Why The U.S. Real Estate Market Is Special
#95: The United States real estate market is compared with those in Australia and Japan. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:18 Poor stands for Passing Over Opportunity Repeatedly - P.O.O.R. 04:00 A re-cap of Keith’s story. 07:10 Reasons why the U.S. real estate market is special. 09:14 Largest economies by GDP. 13:57 Australian real estate market overview with Marcus Whelan. 21:18 Japanese real estate market overview with Marcus Whelan. 27:14 Why the U.S. is special for income property, and business opportunity. 30:46 English-speaking is a major advantage that’s taken for granted. 32:45 Time vs. Money. Resources Mentioned: GetRichEducation.com World's largest economies by GDP CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com
S1 E94 · Fri, July 29, 2016
Investing Your IRA in Real Estate with Mauricio Rauld
#94: Self-Directed IRAs and Checkbook IRAs potentially enable you to invest your IRA funds into income real estate, coffee farms, a vacation home, gold, a business, and more. But there are rules to follow. Today’s guest made an educational video to help you learn about this: www.premierlawgroup.net/gre Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:52 Your Individual Retirement Account (IRA) doesn’t have to be invested in mutual funds. 03:47 Even if you don’t own an IRA, you want to know this in case you aggregate other investors’ money. 05:20 Right after college, Keith admits he actually used to think it was smart to invest in 401(k)s and IRAs. Once enlightened, he tore it down. 07:23 Keith tells you who his Self-Directed IRA custodian is. 12:52 Mauricio Rauld Interview. 14:27 What is a Self-Directed IRA (SDIRA)? 16:17 With a SDIRA, what can you invest in? What’s prohibited? 20:08 Checkbook IRAs. 21:40 What a custodian does. What your limitations are. 24:28 Liquidity - how fast can you use your IRA funds? 25:42 Planning. It’s often best to fund your SDIRA with one larger lump sum. 27:11 Real estate leverage and a SDIRA. 29:53 LLC protection with Checkbook IRAs. 31:05 One option is to just dismantle your IRA. 32:40 Traditional vs. Roth IRAs. 35:00 How you actually set up a SDIRA / Checkbook IRA. <span style= "font-size: 10pt;
S1 E93 · Fri, July 22, 2016
Is Single-Family Income Property The Best Investment Anywhere?
#93: U.S. Single-Family Homes rented as income property could be the best investment class on earth today. Here’s why, and here’s how to be strategic about it. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:15 Most people mistakenly think “real estate investing” means “house flipping.” 04:06 Keith is now a Contributing Author at Kiyosaki’s Rich Dad Advisors blog. 06:35 The S&P 500 Index recently closed at an all-time high. Who cares? 08:50 Size of the U.S. single-family rental market. 10:15 Demographic demand for SFHs. 12:35 SFHs: low cost, time value of money, liquidity, divisibility, school district. 16:00 Buy in 3-5 geographic markets. 18:42 Good turnkey providers avoid property in “war zones.” 23:04 Recession resistance. 23:42 Condominiums. 24:53 No common walls mean problems are confined. 25:57 Utilities, tenant quality, tenant psychology. 27:46 Autonomous cars and technology. 31:20 Rent-To-Value (RV) Ratios. 32:01 Single-Family Income Property “poetry.” Resources Mentioned: Keith’s first Rich Dad Advisors blog article CorporateDirect.com <a href= "http://www.noradarealestate.com/" target="_blank" r
S1 E92 · Fri, July 15, 2016
Discover Your Investor DNA with Garrett Gunderson
#92: Garrett Gunderson is our guest today. A polished and articulate speaker, he leads Wealth Factory to help you build wealth with limited risk. He helps you find spendable cash that you didn’t even know you had. He tells you why 401(k) plans are awful. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:33 Garrett was kicked off CNBC for telling the truth about stocks and diversification. 05:12 Where Garrett’s “abundance mindset” began. His upbringing in coal-mining Price, Utah. 08:30 A millionaire is not financially wealthy. Think bigger. 11:04 “Financial planners” and “advisors” are just commission-based salespeople. 12:45 Myths to avoid. 15:15 Long-term, stocks return zero or post negative returns. 19:42 Cash flow matters more than net worth. 21:02 Your four types of expenses. 27:03 Discover your “Investor DNA.” 30:33 “Budget” should be a swear word. 33:00 How Get Rich Education differs from Dave Ramsey. 34:59 401(k) plans are terrible. 46:10 Find Garrett at WealthFactory.com . Resources Mentioned: WealthFactory.com CorporateDirect.com NoradaRealEstate.com </
S1 E91 · Fri, July 08, 2016
A Rich Man Digs For Gold
#91: While a rich man digs for gold, a poor man is concerned with the cost of a shovel. Learn how to think like a wealthy person, and make it actionable. Learn what Keith did during his typical week. Doing this yourself will build your wealth. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:50 Most financial advice is flawed and limiting. 04:14 Are you living your dreams or living your fears? 06:50 Delayed gratification. 09:00 401(k)-type contributions crush your current lifestyle. So what’s the answer? 12:38 Why would anyone contribute to a 401(k)? 15:13 Here’s exactly what Keith did this week himself that can build your wealth. 18:17 Actionable step on how to increase your property’s cash flow. (Loss runs.) 24:54 Keith applied for a 100% loan-to-value HELOC on his own home. He wants every last penny of equity pulled out of his home. Here’s why. 30:42 Refusing a REIT advertisement. 31:57 A smart GRE listener has these two great questions for Keith: reserves, cutting expenses, living below your means. 38:35 A new way to think about real estate problems. 40:04 Looking for turnkey income property? Do this. Resources Mentioned: CorporateDirect.com NoradaRealEstate.com <a href= "http://www.midsout
S1 E90 · Fri, July 01, 2016
Harry Dent | This Bubble Is About To Burst
#90: Harry Dent is our guest today. His fantastic predictions - like the Dow Jones cratering to 6,000 by early next year - get noticed because the depth of his research is so extensive. Harry authored the popular book “The Demographic Cliff.” Learn what Harry thinks about demographics, markets, and cash-flowing real estate in the turmoil ahead. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 04:11 Why it is more difficult than ever to make economic predictions today. 06:06 Stock markets are overvalued and due for a fall. 07:40 Demographics are powerful in making predictions. 08:03 Money printing. 09:50 Dow Jones Industrial Average to 6,000 by early next year? 11:45 Renting property for positive cash flow. 13:27 Vacancy rates - U.S., China. 14:33 Real estate bubble? What do you do? 16:08 Predictions: Real Estate vs. Stocks. 17:30 Demographics’ historic influence on real estate. 20:58 The two reasons for buying real estate today. 24:00 More people are renting homes rather than buying homes. 29:34 How bad will the economic crash get? 33:25 Don’t keep money in the bank or gold, but in this surprising place! 37:43 Gold to $700 an ounce in the next few years? $400? 39:28 The Demographic Cliff. 42:30 Can technology save us from an economic crash? Resources Mentioned:
S1 E89 · Fri, June 24, 2016
Most Landlord-Friendly State in U.S? Little Rock, Arkansas Market Profile
#89: Little Rock, Arkansas is the capital of what some have called “The Most Landlord-Friendly State in the U.S.” Brian Teeter and Jeremy Veldman from LittleRockTurnkey.com tell us about the market drivers, management, and properties. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:48 Keith made a field trip to investigate the Little Rock, AR income property market. 09:14 Market drivers - medical, finance, capital city, population growth, low cost of living, short commutes. High economic diversity. 13:47 Kiplinger’s recently rated Little Rock as the #1 Place To Live. 15:05 Employment, job growth, population growth. 16:32 Is Arkansas the most landlord-friendly state in the U.S.? 21-day eviction. 17:53 Provider’s buying criteria: neighborhood, desirable amenities, safety, property age. 21:04 Better areas, better finishes, better tenants = better investments. 21:52 Price point often $85K - $100K. Rent-to-value ratio. 23:33 Appreciation rate. 26:18 Character of renters. 30:16 Management structure. 31:45 Tenant qualification. 34:12 Extent of turnkey renovations: often new roof, HVAC and water heater. HW floor, LVP, vanities, bathrooms, etc. 40:03 Warranties. Not many Section 8 tenants in their portfolio. 43:52 Little Rock Turnkey offers tours. 44:33 LittleRockTurnkey.com | (501) 951-7100 | brian@littlerockturnkey.com <span style= "font-
S1 E88 · Fri, June 17, 2016
How To Predict Real Estate Prices featuring David Campbell
#88: Learn how to predict real estate prices by looking at the direction of supply & demand, available land, migration patterns, financing and more. Fascinating! Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:26 Why Keith is happy that he sold all his stocks two years ago - even though they’re 8% higher now. 05:47 The FIVE ways that real estate pays you simultaneously. 10:06 Most RE investors “get rich in a niche.” David is a generalist. 11:48 Many cash flow RE investors actually get more profit from appreciation. 14:40 Price vs. Value. 16:43 Land. 20:35 Supply, Demand, and Capacity To Pay. 27:15 Market cycles. 35:15 The “U-Haul Factor.” 36:35 Financing’s role in predicting RE prices. 45:02 Inflation vs. Deflation. Resources Mentioned: Hassle-Free Cashflow Investing Corporate Direct Norada Real Estate Mid South Home Buyers Get Rich Education Website Want a free GRE logo decal? Just write a po
S1 E87 · Fri, June 10, 2016
Increase Your Cash Flow Creatively with Kira Golden
#87: This clever technique can significantly boost your cash flow in your existing buy-and-hold real estate portfolio. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:48 To become wealthy with real estate, you don’t need any formal education or family connections. 05:09 With turnkey real estate investing over the long-term, you get: good returns, more control, less hassle. 07:18 A question about the 1% rent-to-value ratio from a Chicago listener. 12:31 How to use “lifestyle” real estate to help your “long-term buy-and-hold” real estate. 14:00 How to market this clever technique. 16:09 Benefits: better tenants, better occupancy, timely rent payments. 18:36 Vacation rentals in the U.S. vs. outside the U.S. 22:00 Management and maintenance structure of vacation rentals. 26:28 This technique can make your vacation rentals more successful too. 30:55 Foreign property ownership structure. 33:10 Interpreting foreign property contracts. 34:35 Governments cracking down on weekly rentals. 35:43 Your vacation rentals should be bought so that they would cash-flow as long-term buy-and-holds. 36:33 Diversification. 38:47 Do this yourself, or Kira Golden can help you get started: DirectSourceWealth.com/Portfolio Resources Mentioned: Direct Source Wealth <span style= "f
S1 E86 · Fri, June 03, 2016
Ken McElroy | Recent Deal Flow, How Banks Work, Demographics, and KenFlix
#86: Ken McElroy is our guest today. He’s the Rich Dad Advisor for real estate, controls more than 10,000 residential units, and is one of the best-known and most successful real estate investors in the United States. He reveals where he finds his deals today! Learn about how you can profit by acting just like the bank does. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:35 Keith brings you today’s show from Alyeska Resort in Girdwood, Alaska. 05:50 When real estate prices rise, cap rates fall. 7:58 Can’t beat the bank? Then BE the bank. Here’s how. 14:16 Why are (uninformed) people still saving money? 18:50 Here’s where Ken McElroy is finding his deals today. Primary, secondary, tertiary markets. 24:15 When oil prices fall, how soon does it hurt a real estate market? 28:17 Why Ken avoids buying in the U.S. Northeast, Southeast, and upper Midwest. 34:02 Demographics. 36:42 Self-storage units, mobile home parks, luxury real estate, resorts, office, retail, efficiency apartments. 40:40 So many news articles pertain to real estate somehow. 41:36 KENFlix - Ken’s instructional video series. 45:10 Say you’ve been given $10 million. Here’s how to deal with it. Resources Mentioned: Ken McElroy’s company KenFlix Corporate Direct Norada Real Estate Coffee@GetRichEducation.com Get Rich Education Website Want a free GRE logo decal? Just write a podcast review; here’s how at: iTunes , Stitcher , and Android . Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal
S1 E85 · Fri, May 27, 2016
Today’s Income Property Loans with Graham Parham
#85: If you want more property, not less, you’ll structure your financial life to leverage more income property loans for yourself. Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in north Texas, talks down payments, debt-to-income ratios, credit scores, reserves, the overall lending environment, Refinancing vs. a 1031 Exchange, HELOCs and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 04:11 The last housing crash was primarily due to irresponsible lending practices. 05:18 We’re talking only about about 1-4 unit income property loans today, not primary residences. 06:02 The mortgage industry is preparing to loosen lending guidelines. 09:22 Reserve requirements - 100% of retirement assets count, up from 60%. 10:48 How to use the lowest down payment possible on a conventional loan. 11:39 Minimum down payments: 20% on single-family homes, 25% on 2-4 unit properties. Credit score requirements. 14:16 Debt-to-income ratio. 15:46 HELOCs - Home Equity Lines Of Credit. 18:37 Interest rates are about ½% higher for income property than primary residences. 19:30 Minimum loan amounts. 21:21 Are Interest-Only loans coming back? 24:48 With your equity buildup, should you do a Cash-Out Refinance or a 1031 Exchange? 28:00 Seasoning, gifts. 29:07 Rapid Rescore. 30:46 LLCs. 33:48 Must a husband and wife both be on a loan application? 34:57 Financing 10 to 20 properties. 36:25 FHA loans.</spa
S1 E84 · Fri, May 20, 2016
Robert Kiyosaki | The Rich Don’t Work For Money | Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
#84: Robert Kiyosaki is our guest today. He tells us about his friendship with Donald Trump, why he’s buying oil, discusses the four types of intelligence, and tells us about his long-predicted Economic Crash. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:24 Kiyosaki has influenced Keith’s investing thoughts more than anyone else. 04:17 A 401(k) is not a good investment. Why not? It doesn’t pay you. You pay it. 06:46 The words you use help define the life you live. Examples: “cash flow” vs. “budget” and “saving money” vs. “getting liquid.” 09:54 “Rich Dad, Poor Dad” meaning, and global reach. 19:36 What Kiyosaki learned from Donald Trump. 22:04 Four types of intelligence: IQ, EQ, PQ, SQ. 24:25 Savers are losers. Why would you save money? 25:24 Economic Crash of 2016? 27:54 Robert has lost money in business, but not in real estate. 30:05 How to invest $100,000 today. 33:38 Kiyosaki is buying oil. 36:50 Giving to others. 38:00 Good Debt vs. Bad Debt. Fiscal vs. Economic. 40:38 Studying and learning leads to winning at investing. 42:09 QE, Inflation, and Gold. 46:53 Interview recap. 48:21 Instead of saying “It Can’t Be Done,” ask “How Can It Be Done?” 51:09 Don’t live below your means, expand your means. Resources Mentioned: <a href= "http://www.getricheducation.com/recommended-read
S1 E83 · Fri, May 13, 2016
Go Big: Apartment Building Investing with Michael Blank
#83: When should you turn your little green rental houses into a big red apartment building? Keith and Michael Blank from Bigger Pockets discuss this. Get profit-boosting tips on both buying apartment buildings, and syndicating them. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:38 Would you rather have 40 single family homes or 40 apartment units? 05:04 Tenant mix. 10:00 Michael transitions from the pizza restaurant business into raising money for real estate. 11:58 Running out of money is not your problem. It’s your opportunity. 12:31 RE Investor vs. RE Entrepreneur. 13:25 For syndicators, it’s easier to find the money than the apartment deal. 14:52 How do you find “the deal” today? 15:55 How do you get your offer accepted in a competitive climate? 21:26 Panama coffee parcel discounts up until June 30th. 23:32 Ways to increase a property’s NOI and cash flow. 28:06 Valuation advantages of apartment buildings over smaller properties. 29:14 How to get started in apartment building investing. 33:05 Mentally moving yourself from an RE Investor to an RE Syndicator. 34:32 Real estate problems and lessons. Michael’s worst deal turned out well. 39:30 In life, “Be Intentional.” 43:20 Keith's take on some expenses that apartment investors fail to consider. Resources Mentioned: TheMichaelBlank.com/GRE - Get Michael’s free e-Book. “The Secret To Raising Money (To Buy Your First Apartment Building)”. Rich Dad, Poor Dad - Life-changing Robert Kiyosaki book cited by Michael. Get a Proof Of Funds letter for $5 - https://cogocapital.com/lp/home/get-a-proof-of-funds-letter/ Loopnet.com | Ccim.com | Ten-x.com - Resources for apartments, deals, and brokers. CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investmen
S1 E82 · Fri, May 06, 2016
How To Buy An Income Property: Step-By-Step
#82: Your offer is accepted, your Earnest Money goes into to escrow, then your property has an Inspection, Appraisal, and more - all the way to closing. We discuss those steps, tell you what your action items are, and discuss how long the income property-buying process takes. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:00 Robert Kiyosaki will be our guest in two weeks. 04:11 Why we’re embarking on the best decade ever for income property investing. 05:41 Why would anyone sell you a cash-flowing property? Many reasons given. 11:59 How to identify a winning income property: RV Ratio, eliminate your emotion, turnkey buying. 17:48 Investors get excited by the next deal. Remember to protect what you have. 19:20 What your Mortgage Loan Officer needs from you. Pre-approval letter. 20:22 Can you negotiate the property price with turnkey providers? Yes. 21:15 Submitting your Earnest Money. 23:03 Get a professional Property Inspection. What to expect. 27:17 Your Property Management Agreement. 28:21 Property Insurance. 29:18 Get a relationship with your Property Manager. 31:42 Your Property Appraisal. 33:23 Mobile Notary. 35:42 Real estate’s lack of liquidity contributes to its price stability. 36:14 You need to act. You won’t make money from the property that you don’t own. Resources Mentioned: CorporateDirect.com - Garrett Sutton’s comp
S1 E81 · Fri, April 29, 2016
The Millennial Perspective with Sean Gray
#81: At age 22 he was broke, clueless, and sleeping on the floor of a small home with ten other broke college guys. Then Sean Gray started to ask himself better questions. Within six months, he was making $10K+ per month, travelling the world, meeting his business heroes and “being who he is becoming.” Today, at just age 24, he’s an author, speaker, international real estate investor, business owner, and Rich Dad Education rep. Sean is the son of The Real Estate Guys’ Russell Gray. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:12 Sean Gray Interview begins. 04:50 Sean’s father taught him how to think, and how to ask himself better questions. 07:10 Being unemployable. 08:37 Did Sean get any financial education in high school or college? 10:37 Sean’s top three keys to success: 1) Change how you think. 2) Get a mentor. 3) Change the people you’re around. 11:53 Sean’s income comes from sales. 13:00 How Sean was introduced to Rich Dad Education. 16:45 How does Sean answer the question: “What do you do?” 17:56 “Start retired. Don’t live to get paid; get paid to live.” - Sean Gray 22:16 Why real estate? 26:42 One must unlearn before they can learn. 401(k)s and home equity. 29:31 Changing from scarcity to abundance. 31:50 Most people don’t even know what they want in life. They want freedom. 35:15 Can technology and Millennial entrepreneurship save us from an economic crash? Resources Mentioned: <a href= "http://real
S1 E80 · Fri, April 22, 2016
Make Wheelbarrow Profits in Real Estate Investing
#80: Think you lack the time to invest in real estate? Consider Gino Barbaro. Gino is a husband, father of six, longtime former restaurant owner, and controls $32M of property along with his business partner, Jake Stenziano. They’re the two authors of “Wheelbarrow Profits: How To Create Passive Income, Build Wealth, and Take Control Of Your Destiny Through Multifamily Real Estate Investing.” It shows you dramatic, actionable ways that Jake and Gino increase property cash flows. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:20 Robert Kiyosaki will appear here with Keith next month. 03:57 GRE has a new Recommended Reading List: GetRichEducation.com/Read 04:48 What Keith dislikes about one popular RE investing book. 07:40 Millionaires are not wealthy. You heard that right. 08:46 Guest interview begins. 15:30 Business partnerships - what makes them work? 19:50 Wheelbarrow analogy - Two legs: buying & financing. One wheel: managing. 26:02 How to identify a building for “wheelbarrow profits.” 30:15 Here’s how to find a “motivated seller.” That’s where the deals are. 31:19 Increasing property NOI and cash flow with “repositioning” within two years. 36:10 Negotiation tips and strategy. Gino shares the emotional roller coaster of dealmaking. 42:48 What you must do when you take over a building that you just purchased. 46:28 How to fill a vacant unit quickly. Resources Mentioned: JakeandGin
S1 E79 · Fri, April 15, 2016
How To Achieve Financial Freedom with David Campbell
#79: To be financially free, you must convert your equity into cash flow. Here's how. When you have money, are you led to temptation and “buy high”? When you need money, are you tempted to “sell low?” Learn how to break that behavior. Financial freedom through real estate recently enabled our guest to move from urban California to an Oregon farm. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:50 Financial freedom via real estate enabled David to move from urban California to an Oregon farm and orchard. 06:35 Once you know your “compelling why” it will embolden you. You act. 09:39 Quit trading your time for money. 12:53 Your Personal Investment Cycle versus the Market Cycle. 14:53 The essential investor resources of cash, cash flow, equity, credit. 17:17 Investing for profits vs. investing for wages. 22:30 What to do when your personal investment desires don’t match with market cycles? Buy high? Sell low? No. 25:02 Keith and David don’t invest much in the stock market; but here’s why they watch it. 28:25 Low interest rates continue to be a great opportunity. Here’s why. 36:10 Cap rate minus interest rate equals your profit. 41:06 A cash dollar is different than an equity dollar. Resources Mentioned: HassleFreeCashFlowInvesting.com - David Campbell’s videos, blog, webinars, opportunities, and investor resources. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.<
S1 E78 · Fri, April 08, 2016
Why You've Changed As An Investor
#78: You’re a better investor today than yesterday. Here's why you’re going to be an even better investor tomorrow. How the $15 minimum wage will enrich you. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 00:57 Why you - and everyone - is an investor. 02:15 Do you pay cash for a car or instead do you get a car loan? 06:40 In business and real estate investing, the product is often least important thing. 08:28 People, process, and product. 13:40 Stereotypical wealthy-sounding names. 18:48 Why it’s difficult to anticipate stock market movement. 21:07 Why a $15 minimum wage is good for you. Resources Mentioned: “The Profit” TV show with Marcus Lemonis. City-Data.com | BLS.gov | NeighborhoodScout.com - For real estate market research. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you. MidSouthHomeBuyers.com - Cash-Flowing turnkey real estate in Memphis, TN. GetRichEducation.com</a
S1 E77 · Fri, April 01, 2016
Passive Real Estate Investing Blueprint with Marco Santarelli
#77: “Passive” means you don’t have to work actively in real estate in order to profit. But “passive” still means “involved.” Our guest is Norada Real Estate Investments’ Marco Santarelli. Norada offers you turnkey real estate investments in multiple US markets. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:57 Listen to people whom were investing in real estate during the 2008 & 2009 Financial Crisis like Keith and Marco. They understand harder times. 03:28 Marco Santarelli interview begins. 08:58 Turnkey real estate defined. What to look for in a profitable passive investment. 13:40 Shortcomings of turnkey and passive real estate investing. You still need to do your due diligence. 14:35 Why Keith thinks turnkey real estate investing is in a “sweet spot” of ROI and control. 17:37 What’s your time worth? 19:41 10 Rules For Successful Real Estate Investing. 36:33 Should the turnkey seller and the property manager be in the same company? 38:31 Always get a home inspection. 41:30 Linear, cyclical and hybrid markets. 42:29 The best U.S. geographic markets today for buy-and-hold real estate investors. 43:55 Rent-To-Value ratios of 0.9% to 1.2% today. 45:00 Is turnkey RE investing too good to be true? Resources: PassiveRealEstateInvesting.com - Free investor education from Marco Santarelli. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Tu
S1 E76 · Fri, March 25, 2016
Wire Your Mind For Knowledge
#76: Your #1 investment is your own education. Discover how to retain more of what you learn as an investor. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:10 People will pay you 30% of their income to live somewhere. 04:38 Affordability will be a problem for future renters. 06:14 Robert Kiyosaki. 07:55 Cone Of Learning. 10:20 A brand new way for you to learn. 11:50 You need to get on the coin’s edge. 13:20 Why you need information, not mere affirmation. 15:37 Keith just did something many would consider crazy. 17:45 Be the worst investor in the room. 18:24 Jim Rickards’ interest rate prediction. 19:40 Self-directed IRAs. 21:39 Tom Hopkins: Why you need to be a master asker. 24:06 Why agricultural RE investing is a great opportunity. Resources: NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you. GetRichEducation.com/Coffee - Get the free report on cash-flowing coffee farmland, with parcels titled to you. Fiverr.com | <a href="https://www.up
S1 E75 · Fri, March 18, 2016
$10,000 Takeaways from The Summit At Sea
#75: Keith returned from the annual Investor Summit At Sea. Get the cutting-edge recap on topics from apartment building financing to gold to market predictions. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:27 What to avoid in forming a real estate partnership. 05:23 Insiders and thought leaders think the U.S. is headed straight to recession. 07:06 Jim Rickards recently stated that there will be no more QE & how that affects you. 08:58 The U.S. government’s #1 asset is student loan debt. 10:24 Negative interest rates are coming to the United States. 11:04 What do negative interest rates mean to you? 18:45 Keith and a faculty member’s discussion about real estate and gold. 21:20 “White guys buy bonds. Asian guys buy gold.” -Robert Kiyosaki 21:53 Sunken ships. 22:40 People have predicted the end of the world since the beginning of the world. 24:22 Apartment building financing today. 27:15 What is a “non-recourse” loan? Resources: NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all <a href= "http://www.getr
S1 E74 · Fri, March 11, 2016
Why You Have To Jump
#74: Stop saving money for the long-term; it is not serving you. 401(k)s are awful. To ultimately fulfill yourself, here’s why you need to jump. Steve Harvey “Jump” clip played. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 00:57 Stop saving money for the long-term. 01:21 When he was 12, Keith opened his first bank saving account. 04:18 There are so many things wrong with the 401(k). 06:25 Good news about your ROTI. 07:55 The most important investor question to ask yourself. 13:30 Steve Harvey “Jump” clip. 20:45 Passive real estate income as your parachute. 21:14 Keith’s jump. He had fear about starting the GRE podcast. Resources: NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events . Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! Want a free
S1 E73 · Fri, March 04, 2016
Tom Wheelwright | New Tax Changes Affect Real Estate Investors
#73: Rich Dad Advisor Tom Wheelwright actually makes taxes fun! Tom advises us here in tax season about tax changes, presidential candidates’ tax plans, 1031 Exchange, RE Professional designation. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:20 To have something different, you need to do something different. 01:39 The five ways your paid as a real estate investor. 05:54 Tom Wheelwright interview begins. 07:02 Every RE Investor should know about the Section 179 and 263 deductions because we can make more write-offs in one year, instead of over a number of years. 11:07 What you can do if you’re about to acquire property for the best tax advantages. 13:02 Is the 1031 Exchange going to disappear? Social Security tax cap. 16:15 The Carried Interest Rule. 18:30 Presidential candidates’ tax proposals and promises. 24:25 A flat tax hurts RE investors. 24:50 Ordinary Income Tax rates vs. Capital Gains taxes. 26:10 How the Real Estate Professional designation helps you. 30:14 The best tax advisor firms are proactive. They anticipate. Resources: ProvisionWealth.com - Tom Wheelwright’s tax and wealth strategy firm. Tax-Free Wealth book - Tom Wheelwright’s great book, which Keith owns. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 re
S1 E72 · Fri, February 26, 2016
How To Manage Your Property Manager with Kassandra Boltman
#72: Most RE investors want their income to be passive - meaning you don’t have to work for it. Then you need a Property Manager. Knowing how to “Manage The Manager” is key. Our guest, Kassandra Boltman, understands this as she’s a longtime and current Professional Property Manager, Investor, and Educator. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:29 Keith brings you this week’s show from Miami, Florida. 01:36 Before you learn, you need to “unlearn” these myths. 02:37 401(k)s are awful. 03:30 Compound interest? Einstein was wrong about it. 12:24 One of Keith’s biggest mistakes was self-managing for too long. 13:09 Property Managers (PMs) do so much more than collect rent. 13:42 Kassandra Boltman interview begins. 17:32 Most PM companies are “Mom and Pops.” How is a PM franchise different? 19:16 MLS lockboxes. 21:42 Communication between a PM and investor strategic planning. 23:15 Capital improvements vs. repairs. 24:54 Routine property inspections. 26:48 How to get tenants to treat property with respect, and stay longer. 32:15 PM fee structures - how to avoid getting ripped off. 34:41 How to avoid getting ripped off from PM “overmaintenance.” 35:33 Tips to increase occupancy. 39:05 How to add value to a property. 40:34 Pet policies and rental units. 43:40 PM reporting to you as the investor. <span style= "font-size: 1
S1 E71 · Fri, February 19, 2016
Daniel Amerman | What Could Cause A Housing Crash?
#71: Chartered financial analyst, author, and speaker with an MBA in finance, Daniel Amerman discusses causes of a financial crisis. As a former real estate investing analyst, he relates today’s macroeconomy to real estate investors. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:55 Why Keith is a student along with you today. 03:28 Enhancing your podcast listening experience - compressed file size, time stamps. 05:33 Daniel Amerman interview begins. 07:08 The economic challenges in today’s environment. 08:04 Financial Repression is government dominance over markets. 11:31 Ways our government gets rid of its massive debt: default, austerity, high inflation, or low interest rates. 14:47 Inflation is still punishing savers. 17:27 Why can’t the U.S. just keep running up even more debt? 21:23 Daniel Amerman’s thoughts on how Keith secures loans. 23:48 What’s coming - inflation or deflation? 30:18 Would deflation lead to a housing crash? 33:07 Will the Fed “save the day” if we tip into deflation? 37:25 Triggers of a housing crash - what to look for. 39:50 How to profit yourself by aligning your interests with government policy. Resources: DanielAmerman.com - Daniel Amerman’s website. Free resources. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35
S1 E70 · Fri, February 12, 2016
Real Estate Due Diligence Deep Dive with Frank Gallinelli
#70: Our guest teaches real estate investment analysis to graduate students at Columbia University. He wrote the popular book “What Every Real Estate Investor Needs To Know About Cash Flow.” His new video-based course is found at: learn.realdata.com . Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:46 Novice investors have awful reasons for why they own rental property. 03:48 Assume that a seller pro forma is a lie. 04:17 Frank Gallinelli interview. 05:28 In RE investing, pretty buildings hardly matter. 10:52 How you evaluate a RE investment’s worthiness. 13:20 Your property is only fourth in importance to you. 14:12 Your income stream. 17:20 Emotions have no place in income property investing. 18:09 Lease structures influence on property values. 20:18 Common mistakes made by novice investors. 24:22 Snow removal, bookkeeping, HVAC maintenance. 28:28 Time value of money. 30:52 How much to offer for an income property. 33:25 Due diligence outside the raw numbers. 36:05 Projecting future property value. 39:45 Why are cap rates different across the U.S.? 43:05 Software to help investors make projections. Resources: RealData.com - Real Estate Investment Software by Frank Gallinelli <spa
S1 E69 · Fri, February 05, 2016
Rental Boom, Housing Demand, and Market Trends & Crashes with Kathy Fettke
#69: Kathy Fettke chats with Keith about what’s happening to real estate and investing in today’s economy. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:14 Keith’s properties were shaken by a magnitude 7.1 earthquake. 05:18 Kathy Fettke relates the 2008 recession to what’s happening today. 11:58 Tame inflation today. 14:01 Is a U.S. recession coming? 15:55 Demographic shifts. 20:25 Rental boom, followed by a housing boom. 24:10 Stock market crash prediction. 26:06 Farcical job growth. 27:56 Fed Rate hikes are nonsense in this economy. 29:54 Where’s the best place to park your money? 34:23 Best geographic areas for RE investing. 37:48 “San Francisco is going to get hammered.” 38:23 Single family home investing. 42:20 International Coffee Farms - A cash-flowing, hard asset uncorrelated with U.S. markets. Resources: RealWealthNetwork.com - Kathy Fettke’s website. InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. <a href= "htt
S1 E68 · Fri, January 29, 2016
Best Real Estate Websites & Apps with Seth Williams of The BiggerPockets Real Estate Investing Podcast
#68: Seth Williams of The Lighter Side Of Real Estate and Bigger Pockets joins Keith to tell you about the best websites & apps for real estate investing, wealth building, and productivity. Seth's website is REtipster.com Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:10 You’ll experience bumps on the path toward where you want to be. 04:00 Seth Williams joins Keith. 08:05 Some investor thoughts on the Grand Rapids, Michigan real estate market. 12:27 Some of Seth’s favorite investor resources. 28:55 Some of Keith’s favorite investor resources. 35:38 Real estate intersects with so many other disciples, that there’s no single “go to” resource. Resources: REtipster.com - Seth Williams’ investor resources. EyeJot.com - Send video messages. AgentPro247.com - Generate lists of motivated sellers. Google Earth - Global maps & aerial photos. Zillow - Residential property info. and pricing. WeGoLook.com - Hire people to look at your more distant properties. SquareSpace.com/Logo - Generate a quality Logo quickly & inexpensively, USLegal.com - Legal forms and property rental forms. State-specific. RingCentral app - Dedicated phone number for your business - calls, texts, faxes. Free. Pro HDR app - App for beautiful photography. Costs $1.99. HomeClick - Property improvement hardware. Landlordology - Rental advice, tips, resources. Lighter Side of Real Estate - Laugh a little! Bls.gov and City-Data.com - Economic and real estate marke
S1 E67 · Fri, January 22, 2016
Atlanta Market Profile with Ken Corsini of HGTV Flip Or Flop
#67: Ken Corsini of Georgia Residential Partners profiles Atlanta, Georgia - a large, investor-advantaged cash flowing real estate market. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:21 A sharp stock market fall in the first month of this year has investors shaken up. 02:50 Some of Keith’s favorite investing books. 03:17 Rich Dad Advisors. 05:00 Atlanta geography and history. 05:56 Ken Corsini interview begins. 07:00 Atlanta population and economy. 08:44 The location of Atlanta’s investor-advantaged counties and neighborhoods. 15:26 Recent appreciation rate in the Atlanta metro. 17:27 Available inventory of turnkey property. 18:51 Rent-to-value (RV) ratio, property taxes in Atlanta. 21:42 Vacancy rate, duration of tenancy, Landlord-Tenant Law. 25:02 Tenant screening. 25:57 Government-subsidized housing (Section 8). 30:48 Cash flow vs. equity growth. 33:04 Georgia Residential Partners - level of rehabilitation, guarantees, investor relations. 38:10 Where is your money? The world already has it. Resources: GaInvesting.com or call (770) 924-5250 for Georgia Residential Partners. Book - What Every Real Estate Investor Needs To Know About Cash Flo
S1 E66 · Fri, January 15, 2016
Wire Your Mind For Wealth
#66: Learn some broad approaches to getting more money for a down payment so that you can buy income property sooner. Keith also looks at methods of acquiring passive income other than real estate investing. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:14 Real estate can build massive passive income - this is buy-and-hold real estate, not flipping or wholesaling. 03:36 Why you need to buy time, not sell time. 07:34 Focus on increasing income, not cutting expenses. 10:00 How to approach the classic “time vs. money” conundrum. 12:04 Here’s how much the average American investor lost last year. 15:28 Keith is adamant that we still have inflation today. 16:28 Here’s how wealthy people choose their friends. 24:51 The next episode features an Atlanta Market Profile. 26:28 “How To Win Friends and Influence People” 32:12 Your network determines your net worth. Mastermind groups. 33:09 This is what broke people (broke mindsets) say. 34:03 Want to accumulate liquidity faster? Don’t get a part-time job. Do this instead. 35:58 Passive income from real estate versus: patent royalties, trademarks, original works of art, stock dividends, etc. 37:40 When you were a kid, your parents never told you, “Don’t be broke.” Resources: “ How To Win Friends and Influence People ” - The classic Dale Carnegie self-help book Business Insider article quoted: <a href= "http://www.busines
S1 E65 · Fri, January 08, 2016
What’s Better? Single Family Home or Multifamily Apartment Investing
#65: There are numerous pros and cons of both Single Family Home Investing vs. Multifamily Apartment Investing. What’s better for you? At the end of the show Keith selects which one he believes is better for 2016 and 2017. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:18 Single family homes attract better tenants than apartments. Here’s a new way to think about this. 04:16 The best investment that Keith plans to make in 2016 is next month’s Investor Summit At Sea. 09:56 Property cost. 10:19 School district. 10:53 Interest rates. 11:15 Here in 2016, it's now easier to get loans for more than 10 single family homes. 11:55 Property Maintenance, Utilities, Property Management. 14:22 Cash Flow, Location. 18:33 Tenant quality, tenant psychology, tenant turnover. 22:02 Appreciation rates in both property types. 23:00 Management fees, asset liquidity, your level of control. 26:56 Exit Strategy - your options for selling both property types. 30:09 Keith selects which property type he thinks is better in 2016 and 2017. Resources: GetRichEducation.com/Events - Learn about The Real Estate Guys Investor Summit At Sea. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3
S1 E64 · Fri, January 01, 2016
How To Improve Your Reputation with Dorie Clark
#64: How do you build and maintain your reputation? How do you get your great reputation to advance your career? How do you repair a damaged reputation? Both in-person and online, your personal brand is more important than ever. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:45 Why you NEED a personal brand. It’s the same as your reputation. 04:30 How you develop your brand and reputation. 06:08 What do others think about you now? How would they describe you? 09:40 Can you really change “who you are” or who you were “born to be?” 11:32 How to stand out in a meeting - before you even walk in the door! 15:21 The Wingman Strategy will make you look like a star. 19;53 Your personal brand works for you like passive income. 21:25 Your virtual reputation - Google, LinkedIn, Twitter, Facebook, Instagram. 22:55 Improve your brand by creating content. 25:22 Your brand is more important today because you no longer work for the same company for 30 years. 27:28 Having zero online profile can be nearly as problematic for you as having a negative profile. 29:52 Trusted advisors help build your brand. Resources: DorieClark.com and DorieClark.com/Join MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your P
S1 E63 · Fri, December 25, 2015
Keith Weinhold interviewed by Ken Corsini
#63: Hear Keith’s latest media appearance. He is interviewed about how he got started in real estate, his investing strategy, and where Keith invests geographically. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:46 Keith brings you the show from near Philadelphia, PA today. 02:04 Be grateful this holiday season. 07:03 Keith Weinhold Interview begins. 08:22 Keith’s first-ever real estate purchase was an Anchorage, Alaska four-plex building. 09:57 To change yourself, change who you spend time with. 11:28 Don’t follow money. Make money follow you and live where you want. 12:37 How to begin exactly how Keith did. 19:40 Using equity from one four-plex to buy a second four-plex. 22:13 Real estate markets dependent upon oil. 24:00 Foreign turnkey real estate with cash flow. 33:28 Open up your time so that you can be a great investor. 36:42 Opportunity cost. 37:25 The real tragedy of self-management is that you’ve lost your time. 38:48 Be financially free, not debt free. Resources: MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free
S1 E62 · Fri, December 18, 2015
Tom Wheelwright | Make Your Travel & Meals Tax-Deductible; Avoid An Audit; Recent Tax Changes
#62: Rich Dad Advisor and Provision Wealth Founder Tom Wheelwright updates you about recent tax changes; provides tips for avoiding and dealing with an audit; and how to make your travel, meals and entertainment tax-deductible. Keith brings you the show from Juneau, Alaska today. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:35 Actually, the U.S. has the best tax compliance record in the world. 06:02 Now you can lose your passport for tax non-compliance! 09:25 During audits, the IRS is becoming more difficult & invasive. 14:00 Tips to help avoid an audit. It includes: call the deduction “continuing education” rather than a “seminar.” 17:37 Why you should never talk to the IRS. 20:45 Tax actions you can take now: 1) Pay your children, 2) Home office, 3) Automobile use. 4) Accelerate income. 27:30 Making your travel, meal, and entertainment expenses tax-deductible. 34:18 “Low-hanging fruit” ways to save on your taxes. 35:32 Tom believes in focusing on an investment niche. “A niche makes you rich.” Resources: ProvisionWealth.com - Tom Wheelwright’s Tax and Wealth Strategy firm. TaxFreeWealthBook.com - Tom Wheelwright’s popular book, Tax-Free Wealth . MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3
S1 E61 · Fri, December 11, 2015
Your Stock Market Return is 0 %. Yes, 0 %.
#61: Learn why your long-term rate of return from stocks, as measured by the S&P 500 Index, is 0%. Learn how to act to overcome this “zero-return investing.” Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:10 Keith is back in the United States for today’s show. 02:04 The S&P 500 historically returns 10% per year. Your return is 0%. 02:51 When the Federal Reserve raises interest rates, how that impacts you and your tenants. 04:50 How inflation, emotion, and fees make your stock market return 0%. 11:25 This regards the very long-term. If you plan to live for the very long-term, then this approach makes sense. 13:24 Knowledge and rationale in stock investing vs. real estate investing. 19:27 Real estate still hasn’t returned to its 2006 national price peak. 20:30 Powerful education: how 25%+ returns are common with leveraged, cash-flowing income real estate in investor-advantaged geographic markets. 25:19 Harvesting & re-deploying accumulated equity results in better RE returns in an appreciating environment. 25:56 Keith’s take: Return ON Equity (ROE) vs. Return FROM Equity (RFE). 28:02 “Market Agnostic.” You’ll often want to invest in RE outside your home market. 30:15 People invest in “out of market” stocks, but curiously they doubt investing in “out of market” real estate. That’s nonsense. Resources: How human emotion makes you lag the stock market: Longer article from Wall Street Journal. <a href= "http://www.bpwealthadvisors.com/overcoming-emotional-decision-making-investing/" target="_bla
S1 E60 · Fri, December 04, 2015
Own Cash-Flowing Panama Coffee Farm Parcels with David Sewell
#60: Learn how to invest in cash-flowing Panama coffee farm parcels and diversify in an asset outside the US. It’s completely uncorrelated with residential real estate. Learn more at GetRichEducation.com/Coffee Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:00 Keith comes to you from Boquete, Panama today, where he completed a 3-day group tour for coffee farm investors. 02:00 Why coffee? 03:54 Why Panama? 04:55 The business model - it's like “turnkey” coffee farm investing. 07:11 What it’s like to walk the coffee farm plantations. 09:22 The investor crop harvest is developing ahead of schedule. 10:12 David Sewell interview begins. 14:14 Three pillars of sustainability: 1) Economic. 2) Environmental. 3) Social. 17:16 Four complete farms have now been sold out to dozens of investors. 17:34 The professionally-trained team includes a General Manager whom is an Engineer and Farm Foreman whom is an Agronomist. This team understands management of people and soil. 18:22 An on-site coffee processing mill is being added. This provides coffee traceability. 20:28 A coffee laboratory exists nearby for coffee grading and scoring. 22:12 Coffee is scored on attributes like: taste, aroma, acidity, and body. 27:44 International Coffee Farms’ longer-term goals and future. 29:28 How this investment protects you from creditors and predators. 30:58 Deeded parcel ownership for investors. 33:40 Your price per parcel and your projected ROI. 35:08 The next investor group tour. 36:16 You can invest with either cash or IRA funds. 39:09 The $500 IRA setup fee is waived for GRE listeners that register their interest (no obligation to act) at GetRichEducation.com/Coffee by Feb. 29, 2016. 40:18 This is a long-term investment. Your first investor cash flow check is typically received 12-15 months after your parcel purchase. 42:36 As an investor, ask “How am I doing good in the world?” 43:15 After the coffee tour, Keith & a GRE listener climbed Panama’s highest mountain together. Resources: GetRichEducation.com/Coffee - Register here to receive your free investor report, and for a $500 discount on IRA setup through Feb. 29, 2016. (No obligation to act). scaa.org - Specialty Coffee Association of America. This is coffee’s international
S1 E59 · Fri, November 27, 2015
Memphis Turnkey Real Estate Investing with Terry Kerr
#59: Learn why buying fully renovated, already rehabbed, already tenanted, cash-flowing property in Memphis, Tennessee can put you on the path to financial freedom with Terry Kerr of MidSouthHomeBuyers.com Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:18 You want more money with less of your time invested. Today’s episode makes this actionable. 03:58 “Instead of wondering when your next vacation is, maybe you should set up a life you don’t need to escape from.” 04:22 The element of altruism in turnkey real estate investing. 06:10 An advantage of single-family home investing that you’ve likely never thought of. 07:50 Keith joins you from Managua, Nicaragua today. 11:24 Terry Kerr interview begins. He answers “Why Memphis?” 14:34 These $60K-$70K cash-flowing homes are in decent Memphis neighborhoods. 16:07 Advantages of MidSouth having both their renovation and management company under one roof. 18:04 MidSouth now has their own warehouse. This reduces maintenance costs. 21:00 Renovating to “retail standards” vs. “rental standards.” 24:06 Memphis submarkets and neighborhoods. 28:12 Single family homes often work best for Memphis cash flow. 29:17 In Memphis, tenants supply their own appliances! 31:01 In Memphis, one utility company supplies: water, wastewater, gas, and electricity. 32:30 Tenant qualification. 34:08 Occupancy is currently 98%+ in an 1,155-unit management portfolio. 35:35 Warranties and guarantees to investors.
S1 E58 · Fri, November 20, 2015
Seller Financing and Creative Financing Strategy with David Campbell
#58: What is “seller financing” of real estate? Why might you want to use it? David Campbell of Hassle-Free Cash Flow Investing is our guest today. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:14 Keith is in coastal San Juan Del Sur, Nicaragua today. 05:18 What is seller financing? 08:06 Why use seller financing? 10:08 Examples of creatively structuring a purchase offer with seller financing. 13:42 When a buyer needs to educate a seller. Hint: talk about the “benefits” to motivate the seller. 21:07 Other names for seller financing are: seller carry, carry-back financing, “subject to,” “carrying paper.” 21:58 The Due-On-Sale Clause. 23:53 What part of the market cycle does seller-financing work best in? 27:58 How do you FIND a seller-financed deal 28:49 Drawing up documents for a seller-financed contract. Use a Letter Of Intent. 30:46 Risks with this technique. 31:58 When you sell your own property, why you should offer seller financing. Resources: HassleFreeCashFlowInvesting.com - David Campbell’s website, full of investor educational resources. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.
S1 E57 · Fri, November 13, 2015
Qualifying for Multifamily Apartment Building Loans - Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
#57: Keith comes to you from Little Rock, Arkansas today. Our guest is Old Capital Lending’s Michael Becker of Dallas, TX, to tell us about originating Multifamily Apartment Building loans. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter. 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:05 Keith is in Little Rock, Arkansas this week for an investment real estate tour. 04:53 Michael Becker of Old Capital Lending appears. 06:50 Single Family Homes vs. Multifamily Apartment advantages / disadvantages. 08:57 Recent happenings in this lending space. 10:20 Loans for 5+ unit residential property are called commercial loans. 11:55 Multifamily commercial loans are primarily qualified by the asset, not the borrower. 15:48 Residential 1-4 lending is like a formulaic science; multifamily commercial 5+ is closer to an art. 17:48 Debt Service Coverage Ratio (DSC or DCR). 1.25 minimum is typical. 19:00 How much liquidity do you need for a multifamily loan? 21:12 Borrower credit scores. 24:10 Loan duration. 26:08 Balloon payments, Pre-payment Penalties, Assumable Loans. 29:26 Recourse vs. Non-Recourse Loans. “Bad Boy Carve Outs.” 31:26 Can you buddy up with friends to buy a big apartment building together? 34:38 Qualifying for multifamily property loans out-of-state. 35:49 Higher closing costs for apartment building loans 39:32 How many states does Old Capital lend in? Resources: <a href= "http://oldcapitallending.c
S1 E56 · Fri, November 06, 2015
Investment Property Loans and Mortgage Closing Costs with Caeli Ridge
#56: Learn today’s financing qualification requirements for investment property with Caeli Ridge, Owner and CEO of Ridge Lending Group. This pertains to conventional financing of: single family homes, duplexes, triplexes and four-plexes that you do not intend to occupy. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, 2) Receive turnkey RE webinar opportunities. Listen to this week’s show and learn: 00:52 If you want to control more property, you need good loans. 04:50 Compared to last year, are borrower requirements more rigid or more lax? 07:39 Your credit score, debt-to-income ratio, percent down payment, reserve requirement. 12:46 Qualifying for your first 4 properties is different from your 5th through 10th financed properties. 15:47 Qualifying for your 11th through 35th financed properties. 17:13 Can foreign buyers qualify? Also, LIBOR comments. 19:28 Maximizing your cash-on-cash return when structuring a financed offer. 21:21 Buying income property outside the state where you reside. 22:44 Minimum loan amount is $50,000 to $60,000. 26:10 What is a Good Faith Estimate? 27:58 Closing costs - what are they and where do they all come from? 30:58 Why you would want to pay a 2% Origination Fee rather than 1%. It’s by paying 1 Discount Point to “buy down” your interest rate. 32:55 Recording costs, transfer taxes, escrow charges, appraisal fees, processing fees. 36:02 Title Insurance Resources: RidgeLendingGroup.com <a href= "http://midsouthhomebuyers.com/" target="_blank" rel= "noo
S1 E55 · Fri, October 30, 2015
The Philosophical Investor with Gary Carmell
#55: Gary Carmell, author of “The Philosophical Investor: Transforming Wisdom Into Wealth”, is our guest today. Gary discusses how you think about investing, interest rates, and monetary policy. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:32 A frustrated GRE listener in the Netherlands gives programming feedback. 08:11 Most real estate is a bad investment. Maverick Investor Group’s 2015 report excerpts. 13:16 Interview: Gary Carmell, author of The Philosophical Investor: Transforming Wisdom Into Wealth . 16:21 An example of transforming wisdom into wealth. 17:43 Investors get discouraged at exactly the time they should be buying. 19:56 In investing, discipline and courage often trump hard work and intelligence. 21:53 “The Munger Moment.” 24:00 You never know when a market is at the high or the low. 24:59 Real estate investing is a game of attrition. 27:18 Does Gary see a better investment class than Keith’s preferred investment? 30:14 Why institutional RE investor groups buy low yield, Class A properties. 32:46 Cap rates. Recency bias. Interest rates. 34:48 Inflation vs. Deflation. 37:08 Demographics. An aging population’s effect on world economies. 39:14 QE vs. interest rate hikes. 40:19 LIBOR and variable interest rate loans for real estate. 44:24 Arbitrage creation. Resources: Book: The Philosophical Investor: Transforming Wisdom into Wealth by Gary Carmell. Gary’s website: GaryCarmell.com Company website: www.cwscapital.com Maverick Investor Group’s report, “How To Avoid The 7 Biggest Mistakes Investors Make In The 2015 Boom Cycle” authored by Matthew Bowles. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property. <a href= "http://www.getricheducation.com/" t
S1 E54 · Fri, October 23, 2015
Building You: Your Credit Score with Philip Tirone
#54: Today you are going to learn more about credit scores than you ever have. We’re joined by 720 Credit Score’s Philip Tirone. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:33 A high credit score reduces your cost of capital, and maximizes your ROI. 08:28 You can have bad credit even if you pay your bills on time. 09:04 Credit scores matter for: property loans, car loans, insurance, employment, credit cards, more. 61% of employers run your credit report before hiring you. 10:21 Why credit scoring is a monumental scam. Yes, a scam. 11:45 You can have a clean credit report, yet poor credit score. 13:45 Many credit repair companies use illegal tactics. 15:03 46% of credit cards in your wallet do not report proper information to the credit bureaus. 18:28 You need 3 to 5 credit cards. 20:20 Get credit cards that: 1) Report to all three bureaus. 2) Report the proper credit limit. 21:03 Credit card utilization ratios. American Express often behaves differently. 23:30 FICO credit scores are the ones that matter. 26:07 U.S. vs. Canadian credit scoring Other developed western countries like Great Britain and Australia are similar. 27:10 The well-known pie chart at www.MyFico.com . 28:10 Installment loans’ importance. 29:02 Credit utilization ratio “breaks” at 100%, 90%, 70%, 50%, 30%, 10%, and 0%. 31:57 Credit inquiries and how much they matter; controlling credit report errors. 33:50 If your credit score is already above 720, you could still be brought down by one error. 34:55 Collections. 36:42 Get free credit reports (not scores) annually here: AnnualCreditReport.com 40:00 Why banks lack motivation to help you improve your credit score. Resources: 720CreditScore.com - Philip Tirone’s company that helps clients rebuild their credit. MyFico.com AnnualCreditReport.com MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. <a href= "http://www.noradarealestate.com/" target=
S1 E53 · Fri, October 16, 2015
Building You: What’s Your Income and Cash Flow?
#53: Your income and cash flow tell you about yourself and your allocation. What proportions are active, earned, and passive income? Where are you vulnerable? Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:45 Most people’s #1 cash flow source is their work-a-day job. But they’re trading their time for dollars. 04:02 Here’s how to best determine your cash flow. Cash flow is simply income minus expenses. 05:54 Current U.S. median household income, Top 10%, and Top 1%. 10:02 You need cash to function in an economy, not equity. 11:32 How you can have a negative net worth, yet be financially free. 15:25 Trace your personal cash flow to different industry sectors. 22:04 “Budget” is almost a swear word. 25:07 Turning equity into cash flow. 28:14 “Retirement calculators” don’t work for real estate investors. 32:12 The Outsourcing Myth. Resources: MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events . Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! <st
S1 E52 · Fri, October 09, 2015
Building You: How Much Are You Worth?
#52: Financially, how much are you worth? Here’s how to determine your net worth and what it means to you. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:43 Here on GRE’s 1 Year Anniversary show, what’s in the name, “Get Rich Education?” 05:30 Your Financial Net Worth is what you own minus what you owe. 11:32 Your Net Worth compared to other Americans. 17:00 GRE’s John Collins appearance. 20:55 Your liquidity. 23:06 The interest rate you’re paying on your debt. Credit card arbitrage. 25:56 Your Net Worth worksheet helps make leverage’s power transparent. 28:15 Real estate investing is a game of attrition. 30:56 Generations ago, there was a wealth gap between families. Today, it’s within families. Resources: Mint.com MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property. Visit GetRichEducation.com to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events . Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!<
S1 E51 · Fri, October 02, 2015
Hassle-Free Mortgage Note Investing with David Campbell
#51: What if the real estate market crashes? Our guest, Hassle Free Cashflow Investing ’s David Campbell, tells us how to hedge yourself against this with Mortgage Note Investing. Learn why this could be the ideal time in the real estate market cycle for Mortgage Note Investing. This can provide stable returns to you, yet more liquidity than owning real estate. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:36 You can be the bank. Rather than be the real estate investor, you can be the real estate lender. 05:08 Our guest, HassleFreeCashflowInvesting.com ‘s David Campbell invests based on the real estate market cycle. 08:58 Terms similar to Mortgage Note Investing are: Hard Money Lending, Private Lending, Deed Of Trust Investing, Seller Financing. 12:36 What’s the minimum amount of money you need for Mortgage Note Investing? 13:20 How you get money for this investment. Arbitrage. 17:10 How Mortgage Note Investing’s advantage over Peer-To-Peer Lending instruments like Lending Tree and Prosper. In a word, the answer is “collateral.” 19:25 Why this is a good time in the market cycle to be a Mortgage Note Investor. 24:35 Many people are equity rich and cash poor. 27:48 Mortgage Note Investing with IRA funds and how this is tax-savvy. 30:00 How to buy a good Mortgage Note and what to avoid. 31:26 How David’s company, Hassle-Free Cashflow Investing, makes Note investing easy for you. 32:30 Mortgage Notes are more liquid than real estate. 36:05 When David began investing, it included tons of hassle. He change
S1 E50 · Fri, September 25, 2015
Keith Weinhold | Don’t Quit Your Day Dream
#50: If you don’t have a concrete day dream, then how will you know what success is? How do you reach your day dream? What must you avoid to reach it? Want more wealth? Visit GetRichEducation.com and Subscribe to: 1) Our free newsletter, and 2) Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:02 When you own enough cash flowing rental units, you are financially free. What’s your number? 03:18 Goals vs. Dreams. 10:04 One big key to reaching your day dream and what you must avoid. 14:24 Leverage, abundant thought. 17:30 The #1 question that you need to ask about an investment. 19:44 Employer-sponsored retirement plans like 401(k)s are costly. You’re committing Life Deferral just to get Tax Deferral. Stop. 25:55 The exotic Panama Coffee Farm Tour is November 13 - 15th, and you’re invited! And it’s free. Come meet Keith. Send an e-mail to Coffee@GetRichEducation.com 34:20 Quit committing Life Deferral. 35:18 Dan Sullivan and the four Cs: Commitment, Courage, Capability, then finally, Confidence. 37:52 Why be a millionaire? You already own a multi-billion dollar asset. 38:48 Dr. Martin Luther King, Jr. and Margaret Thatcher were day dreamers. Don't quit your day dream. Live it. Resources: E-mail Coffee@GetRichEducation.com to buy your cash-flowing Panama coffee farm parcels. MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties. Visit GetRichEducation.com to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events . Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: <a href= "https://support.apple.com/en-us/HT20199
S1 E49 · Fri, September 18, 2015
Why Renters Keep Renting; Lowest Home Ownership Rate In 48 Years
#49: Your ramifications from U.S. home ownership plummeting to Its lowest rate in 48 years. Current trends: latest home price appreciation rate, rental vacancy rate, and how you can profit. Want more wealth? Go to MaverickInvestorGroup.com/GRE to download our most-recommended report for free. Listen to this week’s show and learn: 02:50 Upcoming Memphis real estate market visit. 04:57 The U.S. home ownership rate has plummeted to a 48-year-low of 63.4%. 06:25 Four reasons that economic forces will drive the home ownership rate even lower in the future. 09:48 U.S. median home price is now $229,400. That’s up 8% year-over-year. 11:42 Why renters stay renters, not buyers. 13:12 San Francisco. 19:58 If real estate values go down, do rents go down? 23:19 Transcending the investor psychology of markets and crowds. 25:21 Stringent le
S1 E48 · Fri, September 11, 2015
Turnkey Real Estate Opportunities with Maverick Investor Group’s Matt Bowles of The Maverick Show
#48: Our guest is Maverick Investor Group’s Matt Bowles, a nationally-recognized investment property specialist. Offering turnkey properties in 7 of the best U.S. geographic markets, the Maverick model offers you professionally renovated property, with a rent-paying tenant and management already in place. Get Maverick’s free 36-page report at: MaverickInvestorGroup.com/GRE Want an invitation to Maverick’s next free webinar to buy turnkey property not available to the general public? Then sign up for the Get Rich Education newsletter at GetRichEducation.com Subscribe on iTunes so you never miss an episode. Listen to this week’s show and learn: 02:25 Matt was named one of the “Top 50 RE Investment Opinion Makers and Market Leaders” by Personal Real Estate Investor magazine. 09:30 How Matt began in real estate investing with buying a $325,000 4BR single-family home in Washington, D.C. 12:40 Matt begins buying investment homes in Las Vegas and Phoenix. 15:33 Some companies misuse the term “turnkey” real estate investing. <p dir="ltr" style= "line-height: 1.38; marg
S1 E47 · Fri, September 04, 2015
Oil and Inflation Are Affecting Your Real Estate
#47: Inflation is your "friend" when you’re a real estate investor with a financed property. Inflation is expected long-term. In the short-term, low oil prices are slowing inflation. This affects you. Subscribe on iTunes so you never miss an episode. Listen to this week’s show and learn: 01:11 Income property pays you five ways at the same time. 03:33 Why RE investors with loans want inflation. Examples given. 07:42 Two big reasons why the U.S. government wants to ensure that inflation continues. 12:52 Why Keith is an inflation “cheerleader”. 15:14 How low oil prices are slowing inflation. Why oil is a “leading indicator” of inflation. 17:28 Regional influences from low oil prices - Texas, Oklahoma, upper Midwest, more. 20:24 $15 minimum wage and real estate investors. 22:17 Why every human being pays a different rate of inflation. 23:20 Savers are losers. Debtors are winners. How?<
S1 E46 · Fri, August 28, 2015
The Money That You Didn’t Know You Had (Archives)
#46: You’re likely putting a lot of your money at risk right now, and that same money is achieving zero rate of return. Subscribe on Apple Podcasts so you never miss an episode. Listen to this week’s show and learn: 01:01 How Keith got the financial ability to get into so many investments at a young age. 03:07 Risk-free return vs. return-free risk. 05:41 Today, what you thought was “right-side up” in the world, could turn “upside-down.” 08:08 Why are you investing in a vehicle that could never go up in value, but could only go down? 09:45 Would you rather be debt-free or financially free? 12:48 Home equity is: 1) Unsafe, 2) Illiquid, and 3) has zero rate of return. Home equity is one of the worst “investments” you can make. 17:01 “Equity transfers” can enhance your rate of return. 21:14 It’s sad that some borrowers make extra mortgage principal payments without understanding what they’re doing. 23:38 30-year vs. 15-year mortgage loans. Keith tells you which one he likes more - by far. <p dir="ltr" style= "line-height: 1.38; margin-top: 0pt; ma
S1 E45 · Fri, August 21, 2015
Smart Street-Level Techniques For Dealing With Tenants (also Four-Plex 2 of 2)
#45: Your tenant secures your investment property’s income stream. It is crucial that either you or your manager screens and manages tenants appropriately. Subscribe on Apple Podcasts so you never miss an episode. Listen to this week’s show and learn: 01:18 Whether you desire turnkey rental properties or self-managed property, you’ll learn today. 03:59 How to buy your income property while keeping maximum cash in your pocket. 06:48 With your tenants, why you should: “Be friendly. Not friends.” Tenant psychology. 08:05 A smart way to increase the chance that the tenant pays you rent on time. 12:20 The exact 7-word sentence that you tell late-paying tenants when they’ve violated law. This saves you money and grief. 15:57 A landlording technique to help separate your emotions from business. 19:09 An example of how giving to tenants can promote good will in your entire building. 21:18 Screening prospective new tenants. 35:20 Maintaining your rental units. <p dir=
S1 E44 · Fri, August 14, 2015
How A Four-Plex Building Can Be Your Massive Wealth Generator (1 of 2)
#44: A four-plex apartment building can be your major wealth catalyst with an FHA loan and your small 3.5% down payment. Live in one of the four units and rent out the other three. It’s exactly how Keith began investing in real estate. Subscribe on iTunes so you never miss an episode. Listen to this week's show and learn: 03:05 Why a four-plex rather than another property type? 04:35 How to put as little as a 3.5% down payment on a four-plex apartment building with an FHA loan. 06:19 Common objections to owning a four-plex this way. 09:28 Different four-plex layouts - townhouse style vs. apartment style. 12:32 Do you live in a geographic market favorable to “owner-occupying” a four-plex? Here are some indicators. 14:30 Running the numbers. 16:09 Leverage creates wealth for you in an appreciating environment. But if the market loses value, leverage can become difficult for you. 20:48 Preparation: how to position your affairs to buy a four-plex. <p dir="ltr" styl
S1 E43 · Fri, August 07, 2015
Your Real Estate Investing Strategy
#43: Turnkey real estate investing in 3-4 geographic markets can be a smart formula for potentially high rates of return and low volatility. 01:35 The U.S. stock market has not had a correction for four years. The S&P 500 Index is near an all-time high. 04:03 Nationally, real estate values are still not as high as their 2006 peak. 07:24 Why markets are more volatile with a 0% Federal Funds Rate. 10:32 Be invested in 3-4 geographic markets. 14:50 Typically, an income property’s cash flow rises faster than inflation. 24:16 The importance of giving. 28:20 Investments you can make with little of your own money, Panama coffee farm tour dates announced. 32:30 Announcement of a turnkey investment property network of seven investor-advantaged metro submarkets that you can participate in. Resources mentioned: TheLandGeek.com/GRE and MidSouthHomeBuyers.com <p dir="ltr" style= "line-height: 1.38; margin-top: 0pt
S1 E42 · Fri, July 31, 2015
Advising President Obama and Bush on Finance; Children & Money with Sharon Lechter
#42: As a child, were you taught a scarcity mindset? Steering public policy through the White House and Congress may help future generations of American children be better-educated on finance. Listen to this week’s show and learn: 02:18 You’re working 8+ hours a day for a job you’re not passionate about. Why not at least plan an escape hatch? 06:17 Did your parents tell you “Money doesn’t grow on trees” and “Who do you think we are, the Rockefellers?” Instead, Sharon reveals more constructive phrases. 08:32 As a child, did you learn to “save money” or “invest money?” 11:05 “Live below your means” reinforces a scarce mindset. 16:00 How to teach children about businesses. 17:33 Sharon Lechter on the value of a college education today. 24:50 Which President - Obama or Bush - would be more likely to calculate an apartment building cap rate? Sharon picks one! 25:11 Sharon on the power of real estate investing. 28:09 Sharon’s work with “Think and Grow Rich.” <
S1 E41 · Fri, July 24, 2015
Russell Gray | Secrets Of Real Estate Syndication | The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
#41: Have you run out of money to buy investment real estate? Russell Gray describes how you can pool other people’s money for a down payment on investment property. You profit when you provide value to your investors. It’s called real estate syndication . Listen to this week’s show and learn: 05:12 Real Estate Syndication defined. 09:18 Why syndicate? 12:00 Do you need to be “qualified” to be a syndicator? No. 15:40 Low pressure tactics to attract investors to your deal. 18:32 Remarkably, you’ll often discover that it’s easier to find investors’ money for your deal than finding the real estate to match it. 25:03 How you make money as a real estate syndicator. 30:47 How syndicators spend their time, and pitfalls you must avoid. 37:47 <a style="text-decoration: none;" href= "http://www.washingtonpost.com/wp-dyn/content/article/2007/01/24/AR2007012401731.html" target=
S1 E40 · Fri, July 17, 2015
Qualifying for Income Property Loans with Graham Parham
#40: Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in Dallas, TX, tells you how to best obtain mortgage loans for investment real estate in today’s lending environment. Listen to this week’s show and learn: 03:02 Why you often want a mortgage loan, even if you can pay cash for a property. 04:35 Your downside risk of high leverage. 05:50 Loan-To-Value ratio (LTV) explanation and significance. 08:08 Last chance to invest in your own Panama coffee farm parcels at a discount. 12:38 Mortgage Banker and Mortgage Broker - what’s the difference? 14:00 Why it’s more difficult to qualify for a loan today. 18:01 The three “C”s: Credit, Capacity, Collateral. Your requirements for credit score, reserves, and down payment. 23:44 Interest rates for an investment property are higher than for a primary residence. 24:39 How long will interest rates stay low? 26:08 Are 40-year mortgages coming? <p dir="ltr" style= "line-height: 1.
S1 E39 · Fri, July 10, 2015
Josh & Lisa Lannon | Rich Dad Advisors and Social Capitalists
#39: Josh & Lisa Lannon weathered adversity and came out the other side to serve more people by doing the right thing. Listen to this weeks show and learn: 01:02 What’s your inner investor purpose? 06:40 Grow up, get good grades, go to college & get a job that you don’t like so you can pay your debts. Is that all? 07:43 The Lannons met at a Las Vegas nightclub. 09:54 Lisa issued Josh an ultimatum. Josh had to stay sober to keep their marriage, sending Josh into the unknown. 14:33 After healing themselves and reading Robert Kiyosaki’s “Choose To Be Rich”, the Lannons opened rehab centers to help others. 17:35 When it comes to finding your business teammates, you will attract what you are. 19:27 The Lannons’ real estate business. 22:42 The B-I Triangle symbolizes the 8 integrities of business. It also guides mission, vision, and values. 23:00 If you’re inside the triangle, you’re working “in” your business. If you’re outside the triangle, you’re working “on” your business. <p dir="ltr" style= "line-height: 1.38; margin-top: 0pt
S1 E38 · Fri, July 03, 2015
Best Real Estate Investing Advice Ever with Joe Fairless
#38: After running out of his own money for cash flowing single family homes, Joe Fairless turned to real estate syndication. Listen to this week’s show and learn: 03:24 What to do when you've run out of money to buy property for yourself. 06:42 Joe worked a full-time job for less than minimum wage. Later, he invested $1,000 in a bank CD. 09:20 Starting out buying rental homes in Dallas-Fort Worth. 15:10 How to help ensure that a property manager treats you well. 17:47 A good explanation of a real estate syndication. 20:05 How Joe raised money for a 168-unit apartment building when he’s never owned any multifamily property before. 25:25 The kind of investor returns that are typical in a syndication. 32:03 100% LTV HELOCs on your primary residence are available at a major national bank. 32:55 Impactful message from a GRE listener. 36:28 Rich Dad Advisors appear on GRE next week. Resources mentioned: Equity Happens book Quotiful app The Social Capitalist book JoeFairless.com and the Best Real Estate Investing Advice Ever podcast InternationalCoffeeFarms.com (ICFC) One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. See the new website at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen! We would be grateful if you wrote a re
S1 E37 · Fri, June 26, 2015
Beth Clifford | International Real Estate Developer
#37: International Real Estate Developer Beth Clifford describes the dynamics of new U.S. real estate development. She also touches on the opportunity in the Central American nation of Belize. Listen to this week’s show and learn: 01:29 The U.S. population increases by 2+ million annually, and they all need a place to live. This naturally increases demand for real estate. 08:44 Thinking and acting big. 11:33 Why develop a new piece of land rather than just buy an existing building? 13:40 New development = better returns, higher risk. 18:00 Successful developers use design that fits the latest lifestyle trends. 22:40 How to forge relationships so that local government officials will support your new development. 26:27 The financing and funding climate for real estate development today. 33:24 Strong development sectors for investors include residential, medical-office, and travel & leisure. 36:04 New industries like AirBnB, Uber, and autonomous cars influence real estate development trends. 40:26 More Americans are retiring outside the U
S1 E36 · Fri, June 19, 2015
Big Problems and Opportunities Found at Keith’s 8-plex
#36: Keith’s 8-plex has had its share of problems and opportunities since he bought it two years ago. See how he views a property with an “investor’s eyes.” Learn to avoid problems. Listen to this week’s show and learn: 01:27 A blogger calls Keith the “anti-Dave Ramsey.” 04:44 The only “problem” with having millions of dollars in debt? It's wanting more. 06:48 Problems and operations at Keith’s 8-plex building. 13:20 The trade-offs of owning a large lot along with an apartment building. 17:38 Adding income to your property by leasing space to a cell phone tower provider. 20:57 Big problems with the building’s water well. 31:44 A major maintenance item needed repair. Not all building repairs provide the same returns. 34:45 The 8-plex’s appreciation over two years is a 43% gain on the down payment, amplified with leverage. Resources mentioned: www.InternationalCoffeeFarms.com (ICFC) <p dir="ltr" style= "line-height: 1.3
S1 E35 · Fri, June 12, 2015
Ray Dalio | How The Economic Machine Works
#35: Ray Dalio, Founder and CEO of the Bridgewater Associates investment firm with his brilliant work, “How The Economic Machine Works”. Listen to this week’s show and learn 1:47 Definition of “economy.” 2:00 Produce more than you consume. 5:59 “How The Economic Machine Works” Resources mentioned: You Tube video “How The Economic Machine Works”: here . Written .pdf document “How The Economic Machine Works”: here . Ray Dalio Wikipedia Page: here . TheLandGeek.com/GRE MidSouthHomeBuyers.com New! Check out the beta version site at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen! We would be grateful if you wrote a review! Here’s how to write one at: iTunes , Stitcher , and <a href=
S1 E34 · Fri, June 05, 2015
Get Out Of The Rat Race with The Gena Lofton Show
#34: Author, Investor, and Entrepreneur Gena Lofton transformed her life from homeless in southcentral Los Angeles to owning 2,000 rental units today. Listen to this week’s show and learn: 02:12 What the concept of “Sending the elevator back down” means. 10:55 One wealth-building element is being a contrarian. 13:34 Gena didn’t have a “Rich Dad” or a “Poor Dad.” 15:45 The value in Gena’s book is its beautiful simplicity. 16:41 How to know when your “why” is strong enough. 20:24 The “genie” inside of us. 21:14 How Gena gets rich with debt. Resources mentioned: Book - Escape The Madness: 10 Steps To Get Out Of The Rat Race PassiveIncomeAdvisors.com – Gena’s website TheLandGeek.com/GRE MidSouthHomeBuyers.com New! Check out the beta version site at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen! We would be grateful to you for writing a review. Here's how to write one on: iTunes , Stitcher , or Android !
S1 E33 · Fri, May 29, 2015
Why You DON’T Want To Be A Millionaire
#33: Millionaires are not wealthy. In the end, you ultimately don’t seek financial wealth anyway. Listen to this week’s show and learn: 01:31 GRE is perhaps the only show that regularly delivers all three: education, actionable content, and motivation. 02:35 Listeners are taking action toward a GRE mantra of “Don’t follow money. Make money follow you.” 04:38 If you aspire to be a U.S. dollar millionaire, you’re losing. 08:24 Inflation debases a dollar’s value and the worth of a millionaire. 09:54 Why America continues to have an inflationary mandate. 11:58 Wealthy people buy time. Middle class and poor people sell time. 14:44 Living well and giving well trumps the financial wealth created through real estate investing. Most forget this. 16:58 How wealthy people buy fun toys that enhance their lifestyle. 18:40 Keith’s “hero”. 20:22 At the end of your life, how will your autobiography or obituary read if it tells the truth? 23:12 Mark Podolsky, aka “The Land Geek”, has a compelling, profitable business model that you can learn. 25:01 How to contact Keith if you would like him as a live speaker at your event. Resources mentioned: www.TheLandGeek.com/GRE www.MidSouthHomeBuyers.com New! Check out the beta version site at GetRichEducation.com GRE has a new Android App. Download it at Google Play and keep the GRE icon right on your phone’s home screen!
S1 E32 · Fri, May 22, 2015
Steven Kotler | The Future Of Real Estate
#32: Future technologies like 3-D Printing, Drones, Robotics, Bionics, and Asteroid Mining promise to change your real estate and other investing. Listen to this week’s show and learn: 02:38 Technological change over the last 10 years. 05:32 Learning about the future does not dispense fear; it dispels fear. 08:03 How 3-D Printing will change real estate investing. 12:56 Asteroid mining could change earth’s resource extraction industry. 18:58 3-D Printing of consumer products, medical devices, food, and even cars. 22:30 A user-friendly interface is what turns an emerging technology into mainstream adoption. 24:30 Robotics can change the geographic distribution of jobs. 26:31 Technology often doesn’t eliminate employment. Rather, it shifts. 29:04 The future’s influence on residential real estate versus other real estate types. 30:30 Does technological gain correlate with urbanization or de-urbanization? 32:33 Bionics. When will technology disrupt culture such that it changes what “being human” means? Resources mentioned: StevenKotler.com Steven Kotler Wikipedia Page Steven’s latest book: Tomorrowland PlanetaryResources.com X Prize International Coffee Farm
S1 E31 · Fri, May 15, 2015
What Drives Real Estate Values and Rents
#31: Mortgage interest rates are just one of many influences on real estate values and rent income. Listen to this week’s show and learn: 01:28 Get Rich Education vs. College Education. 03:58 The rate of home ownership has declined over the last decade. This is good for income property investors. 06:03 The irony that the greatest investment asset – real estate - is ubiquitous. 08:55 Other people’s money. 11:30 How are 25% to 30%+ annual rates of return with investment real estate considered common? 16:28 Some U.S. real estate advantages compared with Canada. 18:42 What will higher mortgage rates do to housing prices? 21:24 Housing price-to-income ratios in the U.S., Canada, Europe, South Africa, Australia. 23:11 What makes renters keep renting rather than be homeowners. 29:43 Why it’s better to invest in residential - rather than retail, office, industrial, and other types of real estate. Resources mentioned: Mortgage News Daily – Keith’s favorite mortgage resource Numbeo.com – A great housing price indicator resource International Coffee Farms website For a generous discount on this investment, E-mail your contact info. to Coffee@GetRichEducation.com GRE has a new Android App! Download it at Google Play. You can keep the GRE icon right on your phone’s home screen! </p
S1 E30 · Fri, May 08, 2015
How To Talk Like An Investor – Vocab. Rehab. #3
#30: What do common investor vocabulary terms mean and why do they matter to you? Listen to this week’s show and learn: 01:19 Get Rich Education has a new Android App at Google Play. 01:36 Why Keith sold stock when the S&P 500 Index was at 1,960 points. 03:05 S&P 500 Index and Dow Jones Industrial Average. 05:29 Why your local real estate team is often biased and cannot impartially serve you. 08:42 Why you want to build streams of income, not pools of cash. 10:32 Why real estate is not an “alternative” investment. Stocks are. 12:05 A damaging hail storm occurred in Dallas - a popular RE investor market. 14:57 International Coffee Farms and the benefits of diversifying in real assets internationally. 21:05 Hyperinflation. 22:50 Leverage, Leverage Ratio. 25:10 Title Insurance. What is it? 26:40 Value. The acronym D-U-S-T: Demand, Utility, Scarcity, Transferability. 30:32 How sharing Get Rich Education with others ultimately helps you. Resources mentioned: International Coffee Farms website E-mail Coffee@GetRichEducation.com and provide your contact info. for a generous discount on this investment, only for Get Rich Education listeners. You aren’t obligated to buy anything. Investopedia.com GRE has a new Android App. Download it at Google Play!
S1 E29 · Fri, May 01, 2015
What’s Your “One Thing?” with Don Hobbs
#29: Don Hobbs of “The One Thing” speaking tour tells us how to create more time and happiness in our lives. Listen to this week’s show and learn: 02:33 Listener feedback. They’re acting toward changing their lives. 06:06 Turnkey real estate investing. 11:03 Don Hobbs interview begins. 13:03 What is “The One Thing” that you do that will make everything else in your life easier? 16:05 Aspire to your best-and-highest use. 17:12 “The Domino Principle” optimizes your efficiency. 20:20 Multi-Tasking is a waste! 21:44 Time Blocking. Resources mentioned: The One Thing live training webinars The One Thing – book International Coffee Farms – cash-flowing coffee farms where you own the land Jim Rohn Kassandra Taggart Boltman’s book Mid South Home Buyers – Memphis turnkey property Join the GRE Facebook Page at Facebook.com/GetRichEducation Just launched - the GRE podcast Android App!
S1 E28 · Fri, April 24, 2015
Sustainable Agriculture Investing with David Sewell
#28: How to invest in cash-flowing, turnkey agricultural real estate with Keith’s trusted provider. You own the land. Listen to this week’s show and learn: 02:33 Agriculture is one of the earliest human uses of real estate. 03:52 Coffee has sustainable world demand. Specialty coffee has short supply and high demand. 04:30 Some of the world’s most savvy economists are now investing in agriculture. 09:21 David Sewell, Founder of International Coffee Farms (ICFC), compares Panama’s infrastructure and business climate to other world nations. 13:56 David has a history of success by providing cash flow to investors with Colombian coffee farms. Today, he does this for you in Panama. 15:51 The difference between specialty coffee and commercial coffee. 18:41 The points grading system for coffee quality. 20:00 The strength of ICFC’s management team and harvest methods optimize investor cash flow. 25:15 Social sustainability - investors help farm hands. 27:41 Your investor rates of return. 31:51 The timing of your projected cash flow payouts. 34:10 The coffee farm parcels that Keith owns is the only real estate in his portfolio that he will never sell. 34:30 Farm tours are open to both investors and those just potentially interested. 38:55 David Sewell reveals the very generous offer that he makes just for Get Rich Education listeners by sending your name & contact info. to Coffee@GetRichEducation.com Resources mentioned: International Coffee Farms website E-mail Coffee@GetRichEducation.com and provide your contact info. for a generous discount on this investment, only for Get Rich Education listeners through July 31, 2015. </span
S1 E27 · Fri, April 17, 2015
Making Raw Land Cash Flow with Mark Podolsky of The Art of Passive Income Podcast
#27: Mark Podolsky tells Get Rich Education how he produces cash flow from raw land. Listen to this week’s show and learn: 02:05 Residential property management, fees, and an operations example at Keith’s 11-plex apartment building. 06:51 The classic professional management vs. self-management debate. 07:47 Mark Podolsky’s model eliminates the need for any property management at all. 09:57 Mark Podolsky interview begins and he explains his business model. 15:10 How to find out when & where land auctions are. 16:28 An example of how to structure a cash flowing raw land deal. 18:06 Why you can buy others’ raw land for pennies on the dollar. 19:29 How to identify the best land parcels. 25:45 How to start with essentially zero money. 28:11 What one needs to know before starting. 30:02 Mark’s big mistake. Resources mentioned: www.TheLandGeek.com The Best Passive Income Model podcast www.Naco.org www.WeGoLook.com New: You can now hear GRE on SoundCloud
S1 E26 · Fri, April 10, 2015
You Own A Multi-Billion Dollar Asset
#26: Keith takes the microphone himself this week, helping cultivate an abundance mindset to give investors new epiphanies and motivation. Listen to this week’s show and learn: 02:14 Do you seek information or affirmation? 04:59 The quickest path to your wealth is guided by The Law Of Conformity. You might want to edit your existing friends list! 07:25 A profound comparison between slug, ant, hen, and human. How this helps you elevate awareness. 10:08 How expansionary investing thought permeates into other facets of your life. 12:45 A spin on how to define your goal. 15:55 “Maslow’s Hierarchy Of Needs” applied to your real estate investing life. 21:23 The value in “thinking about how you’re thinking”. 23:03 For more shows like this, listen to Get Rich Education episodes 1 , 2 , 5 , and 17 . Resources mentioned: Maslow’s Hierarchy Of Needs Peter Sage Robert Kiyosaki’s new book Second Chance Get any free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the GRE Facebook Page <a href= "https://twitter.com/GetRichEd"
S1 E25 · Fri, April 03, 2015
Ken McElroy | Rich Dad Advisor for Real Estate and Ken McElroy Podcast
#25: There aren’t many famous real estate investors. There’s Barbara Corcoran, Donald Trump, Ted Turner, and today’s guest…Ken McElroy. Listen to this week’s show and learn: 02:00 Keith cannot think of a greater contributor to real estate investing education this generation than Ken McElroy. 04:04 Last month, Robert Kiyosaki, Ken, and Keith were in the same room when Robert dubbed Ken McElroy “The Greatest Real Estate Investor In The World Today.” 05:08 Ken began in real estate as a Seattle property manager. 08:12 RE agents often don’t own investment real estate and they try to “sell buyers on the future.” Instead, use a Property Manager to find what rents really will be. 11:30 Buy investment real estate for cash flow rather than capital gains. 13:23 “Real estate is really dumb and it moves slow.” Buy where the jobs are going to be. 15:40 How Ken looks for opportunity in a new purchase. 16:50 When Ken would want to buy a vacant four-plex rather than an occupied one. 20:18 Actionable ways to add value to multifamily properties. 25:30 How large of a property does it take for on-site property management to make sense? 27:47 How Ken beats out other offers for a property that he wants to buy. 31:28 The time and freedom that real estate investing affords Ken’s family. 32:46 The advice that today’s Ken McElroy would provide to a 20-year-old Ken McElroy. Resources mentioned: www.KenFlix.com - Online video tutorials from Ken! www.KenMcElroy.com www.MCCompanies.com Ken McElroy’s top-selling book <a href= "http://www.amazon
S1 E24 · Fri, March 27, 2015
J. Massey of Cashflow Diary | How He Amassed Wealth With No Money
#24: On the brink of homelessness, J. Massey pulled himself up. He became a master of raising private capital for deals without using any of his own money – because he didn’t have any. In fact, he’s amassed a fortune and has still never used a bank for a real estate loan. Listen to this week’s show and learn: 00:56 People’s worst financial trade of their life is one that they keep making every week. 06:07 J. and his wife’s touching story and rise from nowhere. They had to sell items on eBay to pay monthly utility bills. 13:04 By the time J. owned 117 houses, how others responded. 14:40 Real estate “wholesaling” is where J. first gained traction. 17:22 Today, “raising private capital” is the skill that J. helps others with to obtain wealth. 23:14 Raising private capital from others. 27:01 How does a beginner start to raise private capital from others? Details at CashFlowDiary.com/MoneyTool 31:20 How much time and what character traits are needed to raise private capital? Resources mentioned: CashFlowDiary.com/MoneyTool Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! Follow us: @GetRichEd
S1 E23 · Fri, March 20, 2015
odcasting Behind The Scenes - Entrepreneurs On Fire with John Lee Dumas f/ Business Unusual with Barbara Corcoran
#23: John Lee Dumas, likely the world’s best-known podcaster, joins us today. John has grown the popular Entrepreneur On Fire podcast to generate several million dollars of revenue every year. Listen to this week’s show and learn: 02:31 Keith is on a mission to turn more “nobodies” into “somebody” than anybody. 04:10 A great tip for those that manage their own investment properties. 05:15 Keith is picky with whom he has on the show, and why he arranges episodes in a certain order to best serve you. 07:09 Why Get Rich Education chooses to release episodes on Fridays. 07:51 The Get Rich Education podcast is a money loser. Keith opens up with how he feels about podcasting. 11:21 The importance of relationships. Attend events in-person. 12:32 John Lee Dumas has pushed the limits of the podcasting frontier and helps others start podcasting with Podcasters Paradise . 15:31 John Lee Dumas makes his debut on Get Rich Education. 18:25 Why John began podcasting and how he does a show 7 days a week! 23:25 When John began, he was an awful podcaster. 26:20 Keith and John discuss the difference between “success” and “significance”. 29:14 John’s favorite internet resource that will help you maximize your “Return On Time Invested”. 32:04 John’s real estate investing experience. Resources mentioned: EntrepreneurOnFire.com EOfire.com/income <a href= "http://www.entrepreneuronfire.com/podcastersparadise" target= "_blank" rel="noo
S1 E22 · Fri, March 13, 2015
How To Interview A Property Manager with Jay Hartley
#22: Jay Hartley, Director Of Investments at Classic Property Management in Arlington, TX acquires, leases, and manages property in the Dallas-Fort Worth (DFW) metro. They’re often newer-built brick single-family rental homes. Listen to this week’s show and learn: 03:14 Why Keith lives in Anchorage, Alaska. 06:03 Comparing Memphis, TN and Dallas-Fort Worth, TX real estate investor markets. 08:12 A quick determination of how a property can provide you with monthly cash flow. 13:44 DFW’s “sweet spot” for investment properties is between $130,000 and $170,000. 15:26 How Jay advises you about higher Texas property taxes. 18:15 The character of your tenant and occupancy rate in this market. 27:35 Property Manager interview role-play with Jay Hartley. 32:54 How Classic Property Management screens tenants. 38:26 Classic’s fee structure, monthly reporting, and how they pay you your cash flow. 41:20 Jay wants to interview prospective investors to see if they’re a good fit for Classic. 42:04 Bonus: Listeners continue to be a “fly on the wall” even after the mock interview as Keith & Jay chat off-the-cuff. Resources mentioned: www.ClassicPM.com Jay Hartley direct: JayHartley@ClassicPM.com or (817) 640-2064 ext. 1212 www.Narpm.org www.Realtor.org www.TexasRealEstate.com Get a free audiobook & 30-day free trial at <a href= "http://audibletrial.com/getricheducation" targe
S1 E21 · Fri, March 06, 2015
About Me and Anchorage, Alaska's Real Estate Market
#21: Get Rich Education is about you. In a personal episode, this turns around and you learn more about your host, Keith Weinhold. You also discover Anchorage, Alaska’s real estate market, economy, and great quality of life. Listen to this week’s show and learn: 02:06 The parenting influence that Keith grew up in helped foster an abundance mentality. It wasn’t wealth. 04:58 Keith spent a year living in a swimming pool maintenance hut. 08:00 Moving from Pennsylvania to Anchorage, Alaska. 09:10 The time and money lies people tell themselves. 11:53 You cannot buy happiness. You live happiness. 14:10 The first property Keith ever bought was an Anchorage four-plex building. 18:10 The secret is this: “There is no secret.” 22:12 You can be a fountain or be a drain. 23:23 Anchorage, Alaska and its real estate market. 26:15 Alaska’s #1 economic driver is oil, making it one of the wealthiest US states. North America’s largest oil field is in Alaska. 27:50 Anchorage has the 2nd-busiest cargo airport in the United States. 28:45 Demographic factors influencing Anchorage’s rental market. 31:20 Rental property character in Anchorage. 32:41 The great lifestyle Anchorage offers that few know about. Resources mentioned: Anchorage Wikipedia Page Housing near-gridlock in Anchorage Oil in Alaska <a href= "http://
S1 E20 · Fri, February 27, 2015
How To Talk Like An Investor - Vocab. Rehab. #2
#20: Vocabulary is integral to advancing your investor life. It attracts the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and how you might use them in a sentence. Listen to this week’s show and learn: 02:28 Keith discusses New York City. 06:55 How you pull yourself up from middle class. 09:28 Being the best version of yourself. Vocabulary Terms: 10:44 Accredited Investor. 13:08 Appraisal. 15:30 Assessment. 16:35 Capex (Capital Expenditure). 17:33 Capital Gain, Capital Gains Tax. 20:08 1031 (Tax-Deferred) Exchange. 23:12 Debt Service. 23:48 Mortgage. 25:06 Rate Hike. 29:12 Rent Control. 30:07 ROTI. Resources mentioned: Investopedia.com Investor.gov Janet Yellen MidSouthHomeBuyers.com Rent Control laws by state Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation </spa
S1 E19 · Fri, February 20, 2015
Tax-Free Wealth and The WealthAbility Show with Tom Wheelwright, CPA
#19: Benjamin Franklin said, “In this world, nothing can be said to be certain except death and taxes.” Has today’s guest, Rich Dad Advisor Tom Wheelwright, CPA, turned that upside down with his popular book, Tax-Free Wealth ? Tom’s firm could help you permanently reduce your taxes, like he has done for Keith. That’s like a risk-free return. Listen to this week’s show and learn: 03:30 Michael Jordan had coaches and teammates. To grow large, you’ll eventually need them too. 06:25 Over the course of your life, your greatest financial expense will be taxes. 11:43 This is the largest new tax change for real estate investors since the 1980s. 15:07 How to save tens of thousands in taxes with a Cost Segregation. 22:20 The “magic” of depreciation. 29:31 Why you should pay zero tax on your real estate – no capital gains tax and no tax on your cash flow. 32:35 Why not to use your IRA to invest in real estate. 35:55 The tax benefits of oil & gas direct investing vs. oil & gas stock investing. Resources mentioned: www.ProvisionWealth.com or call 1-866-467-5809 www.Reefogc.com www.AudibleTrial.com/GetRichEducation - Get a free audiobook & 30-day free trial. Tax-Free Wealth book by Tom Wheelwright
S1 E18 · Fri, February 13, 2015
Direct Investing in Oil & Gas Wells with Mike Mauceli
#18: Cash flowing real estate is not confined to residential, commercial, industrial, office, agricultural, retail, and storage. Consider oil & gas wells. Mike Mauceli, CEO of Reef Oil & Gas Companies in Richardson, Texas, explains this direct investment opportunity in producing oil & gas wells. Monthly cash flows and terrific tax benefits are typically provided to investors. Listen to this week’s show and learn: 02:03 What is a real estate “syndicator”? 09:08 The minimum amount one needs to invest with Reef. An investor does not need a certain credit score, liquid reserves, debt-to-income ratio, nor accredited investor status. 11:00 The difference between investing directly in Reef Oil & Gas Companies vs. oil & gas stock. 13:35 Today’s drilling techniques may reduce the risk of “hitting dry holes”. 22:03 Interests in reducing environmental impacts of oil & gas extraction. 25:44 Does Reef have “skin in the game”, investing alongside the individual investor like you? 28:14 How Reef’s teaming with a large investment company helps them acquire larger projects. 31:45 How the recent drop in oil prices affects investors. 35:35 World geopolitics and the price of a barrel of oil. 39:43 Why you are an oil & gas investor already. 40:25 How Reef is paid and how you are paid, and your potential tax benefits. 44:52 Minimum investment amount, rate of return range of past funds, liquidity, tax advantages, and possible multiple returned to you on your initial investment amount. Please listen to the disclaimer at the end of the show. Investing involves risk and you can lose money. Resources mentioned: www.Reefogc.com www.Reefogc.com/drillingandincomefund/ Reef Oil & Gas Co. phone nu
S1 E17 · Fri, February 06, 2015
Your Knowledge Is Not Power. This Is. f/ The BiggerPockets Real Estate Investing Podcast
#17: Thoughts are not enough. You must act. Recorded February 1st, 2015, in Anchorage, Alaska, Keith provides a motivational performance this week. This content has spurred his students from thought into action by purchasing their first-ever investment real estate. Listen to this week’s show and learn: 01:20 You own your mind free and clear. There is no mortgage debt against your mind. 02:58 This common advice that you have heard must be specifically avoided it if you ever want to be successful. 07:50 How long should you get educated on real estate investing before you act? 09:48 Three specific real estate investing actions for you to take. 12:00 Mortgage “Pre-approval” vs. “Pre-qualification”. The value of meeting with your mortgage lender, even if you think you can’t get a loan. 16:07 Section 1031 Tax-Deferred Exchanges and “Cash-Out” Refinances can amplify your cash flow and leverage. 22:52 If Keith could start all over in real estate investing, these are the 3 things that he would most want to do differently. 25:30 This two minutes of content has inspired others to buy their first income real estate. Resources mentioned: www.Reefogc.com www.RichDadAdvisors.com www.BrianTracy.com REIA meetings www.NeighborWorks.org
S1 E16 · Fri, January 30, 2015
Getting Money For Your Deal with Judy Robinett f/ Cardone Zone & The GaryVee Audio Experience & The Stacking Benjamins Show & Jocko Podcast & Afford Anything
#16: “Power Connector” Judy Robinett, author of top-selling “How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” joins Get Rich Education today and tells you how to find investment money. Listen to this week’s show and learn: 01:25 Real estate syndication and business crowdfunding defined. 04:48 It’s not what you know, it’s who you know. 07:17 How do you “get in the right room” to get your deal funded? 10:20 The difference between angel investors and venture capitalists. 13:13 Where you find a network and investors. 17:34 How do you learn about which people to avoid? 19:35 What is “Reputation Capital”? 20:08 How to best use social media for networking. 21:35 Why there aren’t more women in business. 24:24 The “5+50+100 Rule”. 27:40 Another person must know, like, and trust you before they fund you. 29:28 The value of taking an influencer to lunch. Ask “Who else do you know that I should talk to?” 31:33 People don’t lack resources. They lack resourcefulness. Resources mentioned: www.JudyRobinett.com www.KickStarter.com www.Indiegogo.com www.RealtyMogul.com www.FlashFunders.com www.LendingHome.com www.Illuminate.com www.RocketHub.com www.Cbinsights.com www.GoldenSeeds.com <str
S1 E15 · Fri, January 23, 2015
Rich Dad Advisor Garrett Sutton | Protect Your Assets
#15: Rich Dad Advisor Garrett Sutton provides knowledge with how to incorporate and protect your business and real estate interests. Listen to this week’s show and learn: 06:33 Garrett tells us that one of the better US states for protecting one’s assets has now become more vulnerable to outside attacks. 06:59 More states’ courts are ruling against protection for single-member LLCs. 08:57 Garrett explains the importance and meaning of protecting your “corporate veil”. 11:56 How to protect oneself with a four-plex and FHA 3.5% down payment. 14:15 How to change an existing property from individual ownership to an LLC. What’s special about Wyoming LLCs and how you can use one. 17:42 Who is liable in a slip-and-fall case – the property owner or the property manager? 18:18 Umbrella Insurance. 20:34 Can one “overdo it” with too much asset protection? 22:53 Garrett’s real estate investing preferences. 25:16 What Garrett would tell a 27-year-old investing enthusiast today. 27:50 Tell Corporate Direct / Sutton Law you learned about them through Get Rich Education. You can speak with Garrett directly about your asset protection needs at 30 minutes for $175. Resources mentioned: www.SutLaw.com www.CorporateDirect.com or 1-800-600-1760 www.Reefogc.com www.AmericanBaseballFoundation.com Books: Loopholes Of Real Estate, Start Your Own Corporation.
S1 E14 · Fri, January 16, 2015
Money, Currency & Metals with Anthem Blanchard
#14: Listen to this week’s show and learn: 01:39 Keith opens up about the only losing investment property he has ever owned, what made it a loser, and why he just sold it this week. 08:24 With every investment deal, you either get the profit or you get the lesson. 10:00 For Tom Hopkins International Sales Academy Feb. 20-21 in Orlando, FL, use the Discount Code below for a deal that GRE negotiated for your 2-day tuition. Optionally, you may also e-mail John@GetRichEducation.com and on a first-come, first-served basis, GRE can provide you with a free 3-night stay in a condo room for the event. 14:32 Here in 2015, many U.S. turnkey real estate providers have little or no inventory. 15:25 Part of the first family of American precious metals, our guest is Anthem Blanchard. He owns a precious metals storage and trading company, www.AnthemVault.com. 18:53 Anthem’s father, Jim Blanchard, was the influential hero when President Gerald Ford legalized gold ownership in 1974. 20:30 Why does gold have value? Resources mentioned: www.Reefogc.com www.AnthemVault.com Your exclusive GRE Discount Code for Tom Hopkins Int’l Sales Academy Feb. 20-21 in Orlando, FL is https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40 www.MidSouthHomeBuyers.com www.facebook.com/GetRichEducation www.Bloomberg.com www.ZeroHedge.com
S1 E13 · Fri, January 09, 2015
Driverless Cars Will Soon Disrupt Your Life and Investments
#13: You, your investments, and your real estate will all soon be dramatically affected by the disruptive invention of driverless cars. The good news? Today you can learn how to position yourself to make this innovation profitable for you. Listen to this week’s show and learn: 01:15 Driverless cars, 3-D printing, and drones will dramatically affect you. 02:28 People often scoff at the notion of coming change. Then change comes fast. 05:14 It’s easy to forget that horse travel used to dominate American transportation. 07:37 The invention of the automobile populated the suburbs. 09:43 Today, many cities have more than half their area dedicated to streets and parking for cars. 13:16 Ride-sharing services like Uber have already diminished the demand for parking lot real estate. 14:12 Unused parking spaces and smaller roads are coming. This will change real estate values. 15:47 Most agree that driverless cars will be for sale to the public by 2020. This will improve your life. 21:32 Driverless cars will make some real estate more valuable, and some less valuable. 24:30 Why driverless cars may spell the demise of convenience stores. 25:45 Homes near public transportation may experience falling value with this new technology. 27:35 Why investing in automobile companies over the long-term may be dangerous. 30:07 Why buy-and-hold real estate investors must know what to avoid with this technology. Resources mentioned: www.Reefogc.com www.Uber.com www.Lyft.com
S1 E12 · Fri, January 02, 2015
Tom Hopkins | How You Can Sell...Anything
#12: You sell yourself everyday. The World’s #1 Sales Trainer, Tom Hopkins, tells you how to sell - whether it’s selling a piece of real estate, being promoted at your job, or selling an idea to your spouse. Make your life and business explode with these ideas. Listen to this week’s show and learn: 02:05 Tom Hopkins interview begins. 03:22 How Tom sold 365 homes in 365 days. 04:20 Is one “born to sell” or if can it be a learned skill? What’s better for sales - introvert or extrovert? 07:47 The seven fundamentals of Selling: Prospecting, Initial Contact, Qualification, Presenting, Handling Objections, Closing The Sale, Referrals. 11:32 The best strategy for more referrals, which are where most of your sales come from! 13:03 How to overcome buyer objections, including when one says, “I want to shop around”. 15:48 The vital importance of passion. 20:23 How to overcome being told “no”. Why the world’s wealthiest people “have no guarantees”. 26:24 Words you must avoid when selling, and the million dollars phrases to use to increase sales. 32:25 How to close the sale by building “yes momentum”. 36:04 What advice Tom has for a young investing enthusiast today. Resources mentioned: www.TomHopkins.com www.Reefogc.com For Get Rich Education listeners, here's your discount code for Tom Hopkins 2015 Sales Academy, Feb. 20 & 21 in Orlando: https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40
S1 E11 · Fri, December 26, 2014
Inflation: How You Are Being Robbed By A Stealthy Thief
#11: Inflation is like your hidden tax. Listen to this week’s show and learn: 02:10 Spending is more fun than saving. 03:33 Don’t live below your means. 05:30 Why a “good rate of return” is not enough return for an investor. 07:18 Why millionaires will soon be poor people. 08:45 How currency inflation is invisible. 12:35 Why the stock market must hit all-time highs every day just for you to break even. 13:00 The Consumer Price Index (CPI). 14:47 Why the U.S. and most major nations want more inflation in the future. 15:55 The power of “tilting the chart”. 18:14 How you will beat inflation by understanding real estate leverage ratios. Resources mentioned: Consumer Price Index at www.bls.gov/cpi/ keith@getricheducation.com
S1 E10 · Fri, December 19, 2014
How To Talk Like An Investor - Vocab. Rehab.
#10: Vocabulary is key to advancing your investor life. It’s also important for attracting the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and also how you might use them in a sentence. Listen to this week’s show and learn: 02:16 Keith comes to you from Los Angeles, CA today. Many investing shows assume that you already know the “language of investing”. But if you don’t first learn these basic terms, you could get left behind. 05:32 Arbitrage. 07:37 Cash Flow. This includes the meaning and significance of “V-I-M-T-M”. 10:05 Cash-On-Cash Return. 11:39 Capitalization (Cap) Rate. This includes a key explanation of why Cap Rate does not include your mortgage cost. 16:28 Commercial Loan. 19:06 Dividend. 20:53 Equity. 21:37 FICO Score. 22:42 Inflation. 24:22 Interest, Interest Rate. 24:46 $K. 25:28 Liquid, Liquidity. 27:11 Superhero Syndrome. Resources mentioned: www.Investopedia.com www.MyFico.com
S1 E9 · Fri, December 12, 2014
Your Cash Flow is in Memphis, Tennessee
#9: Discover how to create another income stream with a durable asset like real estate in Memphis, Tennessee, and not have to do the work on your own. Listen to this week’s show and learn: 00:38 Most people only have one income stream in their life. Learn why to establish more than one. 01:57 Keith explains “turnkey real estate investing”. 03:37 Interview with Terry Kerr of Memphis, TN’s Mid South Home Buyers begins. 05:30 Memphis, Tennessee’s economic and demographic makeup is what makes it a strong income real estate market. This is largely due to the fact that Memphis is the United States’ distribution hub. 08:16 The character of Memphis properties, and their rent-to-value ratios. 12:39 Availability of financing for Memphis turnkey properties. 13:50 Terry describes how there are efficiencies in having one company both provide and manage the property for investors. 16:04 The available inventory level of Memphis investment properties. 18:33 Tennessee’s Landlord-Tenant Law and how that is advantageous for out-of-area investors. 21:25 What makes for a good Property Manager is communication. 22:24 What gives Mid South Home Buyers a property management advantage is slightly below-market rents, better-condition homes, they do not charge the tenants an application fee, and they handle maintenance issues promptly. This attracts and retains higher quality tenants. 24:38 Current occupancy of the 875 houses in their management portfolio is 98.4%. 25:32 Mid South Home Buyers have an ongoing inspection schedule of their managed properties. 29:27 Terry states that the Property Manager is more important than the property itself. 31:12 Keith estimates how small the out-of-pocket costs are for an investor buying turnkey real estate in Memphis. 31:58 Mid South Home Buyers has warranties for investors on their turnkey properties. <span style="font-s
S1 E8 · Fri, December 05, 2014
Your Market Determines Your Profit
#8: Discover how to create another income stream with a durable asset like real estate, and not have to do the work on your own. Listen to this week’s show and learn: 01:37 How to put less than a 20% down payment on your primary residence, yet still pay zero direct PMI premium. 07:36 How Keith can make you a more successful investor than him, faster than him. 08:46 In real estate investing, the market is more important than the property. 11:22 Why to consider real estate investing outside of your home area – and how to find a trusted team to do all the work for you. 11:43 The real estate Rent-To-Value Ratio (RV Ratio) and its importance. 14:18 How to begin researching and identifying profitable real estate markets, and avoid riskier ones. 18:53 Income property investing is based on facts, not feelings. 21:05 Memphis, TN - Its geographic significance to real estate investors. 25:06 Philadelphia, PA – Keith’s recent on-the-street observations in this turnkey real estate market. 31:52 Philippines – Keith’s on-the-ground real estate observations in Asia lend perspective to US income property investing and the importance of having a connected team. 34:44 In the next episode, Keith will start connecting you to his team in a profitable US real estate market. Resources mentioned: www.city-data.com
S1 E7 · Fri, November 28, 2014
Richard Duncan | Economics and Predictions
#7: Get Rich Education’s inaugural interview is with world-renowned economist, author, consultant, and speaker Richard Duncan. He informs us that economic growth is no longer driven by production expansion, but rather by credit expansion. Richard looks into his crystal ball. He tells us what to expect for 2015 and 2016 with respect to the stock market and the economy. Richard has kindly provided Get Rich Education listeners with a 50% discount to his Macro Watch video newsletter. Use the Coupon Code “gre”. Learn more about Richard Duncan and subscribing to his video newsletter, Macro Watch, at: www.richardduncaneconomics.com 00:50 Keith will tell us how to avoid directly paying Private Mortgage Insurance on your home in the next episode. 03:52 Richard Duncan interview begins. 06:31 Today’s economy works completely different than what is in our textbooks. 07:34 Economic growth is no longer driven by investment and savings, but rather credit creation and consumption. 09:56 Since 1952, 2%+inflation-adjusted credit growth is necessary in the US to avoid recession. 12:20 If you want to invest wisely, you have to understand that the government now manages our economy. 13:56 Prospects for inflation and deflation. 19:48 Richard provides his economic outlook for 2015 and 2016. It includes predictions about the stock market and quantitative easing. 22:30 Opinion and commentary about real estate and real assets as investment. Why homes with land are better investments than condominiums. 24:40 Richard discusses how a 25-year-old investing enthusiast should think and act today. 31:31 U.S. government money could be better used on n
S1 E6 · Fri, November 21, 2014
Here’s Why You Aren’t Financially Free
#6: Would you rather be debt-free or financially-free? Did you know that for most people with home mortgages, their approach to home equity management actually prevents them from being financially free? In this no-holds barred episode, which includes material that has shocked some of Keith’s students, your paradigm with what you thought was true about money management can shift dramatically. Homes are for housing people. Not storing cash. Opportunity cost is opportunity lost. Learn about one of the greatest under-utilizations of using OTHER PEOPLE’S MONEY in order to achieve the freedom that you and your loved ones seek.
S1 E5 · Fri, November 14, 2014
How To Discover What You Really Want
#5: You cannot get what you want until you know what you want. One way to know what’s important to you, is how you feel when that “something” is taken away. In real estate investing, the property is not nearly the most important thing. This episode is a valuable tool in determining what really matters in life to you and your loved ones. Real estate isn’t ultimately what you want. It is merely a resource and a means to get more of what you want. Find meaning and laugh along with some funny plays on words! Learn that you should always be a student.
S1 E4 · Fri, November 07, 2014
Stocks vs. Real Estate: The Showdown!
#4: We answer your listener questions, including: “How do I begin real estate investing with little or no money?” “What are your tips for starting a business?” “How do I increase income on an existing rental property?” Next, is the classic showdown. Which is the better asset class – Stocks or Real Estate? We list fifteen key criteria, comparing stocks and real estate, and see which asset class wins more of the fifteen rounds in this heavyweight face-off! Especially insightful is Keith’s description of how using a loan in real estate investing hedges one against inflation over the long-term. Real estate’s stability as an asset class is featured as one distinct advantage. It includes a fascinating explanation as to why stability provides you with better returns than volatility.
S1 E3 · Fri, October 31, 2014
The Investment Event Of The Decade
#3: You are delivered some of the best moments and most actionable content from the 40th New Orleans Investment Conference, billed as “The Investment Event Of The Decade”. The conference featured luminaries on the speaker marquis including Former Fed Chairman Alan Greenspan, prominent columnist Charles Krauthammer, one of the world’s greatest living economists in Mark Skousen, incomparable economist and author Peter Schiff, and financial research guru Porter Stansberry. You are provided information and ideas on specific investments that Keith learned about directly. In the show’s second segment, you learn how real estate investing is only one part of real ASSET investing. Real estate investing is about more than apartment buildings. Real asset investing is about more than real estate. You learn about why gold and other precious metals have value. Your compelling “why” is answered with regard to the advantages of investing in something real vs. investing in a mere derivative of something real.
S1 E2 · Fri, October 17, 2014
How To Make Money Follow You
#2: They say, "Work smarter, not harder." But are you thinking about this popular saying in the right way? Are you applying it to enough facets of your life - the ones that matter? Though it is not intuitive, learn more about how debt can be good. Yes, debt can be good! It can help you work smarter, not harder, and eventually not have to work at all. I shamelessly share some of my funny mistakes with you that I made as a beginner - as a largely uneducated real estate investor. Learn why "Doing the right thing" is more important than "Doing things right" as you continue to develop your fixed mindset and transform it into a growth mindset. Wire your mind for wealth! When you're doing the right thing, you make money follow you. Most people spend their lives chasing money. That's not working smarter, it's only working harder. Don't chase dollars. When you learn how to make them follow you, you have become a master of money.
S1 E1 · Fri, October 10, 2014
Your Abundance Mindset
#1: The wealthy think differently than you do. In this episode, you learn about how those who spend more of their time & effort making lifestyle sacrifices to the downside, leave neither resources nor opportunity to learn about how to expand their thoughts and lifestyles to the upside. You begin to learn what the wealthy never told you about investing! Well...why won't they tell you? It's not that they won't. It is that you aren't even associating with the wealthy. That's why you haven't been told. You learn that you are the average of the five people that you spend the most time with. Your income is also the average of the five people that you spend the most time with. <br style= "box-sizing: border-box
loading...