Get Rich Education

#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:

Janet Yellen

Rent Control laws by state

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Direct download: GREepisode20.mp3
Category:general -- posted at: 8:00am EDT

#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: or call 1-866-467-5809 - Get a free audiobook & 30-day free trial.

Tax-Free Wealth book by Tom Wheelwright

Direct download: GREepisode19.mp3
Category:general -- posted at: 8:00am EDT

#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:

Reef Oil & Gas Co. phone number 1-877-915-7333

Direct download: GRE20018.mp3
Category:general -- posted at: 8:00am EDT

#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:

REIA meetings

Direct download: GREepisode17_B.mp3
Category:general -- posted at: 8:00am EDT