Get Rich Education

#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 United States. Beth is developing a resort-village in Ambergris Caye, Belize to help serve this need.

 

Resources mentioned:

 

MahoganyBayVillage.com

 

WeWork.com

 

Zero To One book by Peter Thiel

 

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.

 

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: iTunes, Stitcher, and Android.

Direct download: GREepisode37_1.mp3
Category:general -- posted at: 8:00am EDT

#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)

 

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.

 

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 Android.

 

Direct download: GREepisode36_2.mp3
Category:general -- posted at: 8:00am EDT

#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 Android.

 

Direct download: GREepisode35.mp3
Category:general -- posted at: 8:00am EDT

#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!

Direct download: GREepisode34.mp3
Category:general -- posted at: 8:00am EDT

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