Fri, 31 July 2015
#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.”
Resources mentioned:
TheLandGeek.com/GRE and MidSouthHomeBuyers.com
Sharon’s resources: SharonLechter.com | Think and Grow Rich for Women | Board game: Thrive Time For Teens | LinkedIn-Success.com | MyJobChart.com
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Fri, 24 July 2015
41: 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 Donald Trump’s story. How much money you can really make as a syndicator?
42:20 Next month’s powerful Secrets Of Successful Syndication Event, August 21-22 in Dallas, TX.
Resources mentioned:
Register for the Secrets Of Successful Syndication Event by July 31st at an early-bird discount either:
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Fri, 17 July 2015
#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?
28:50 Your debt-to-income ratio (DTI).
31:26 Can foreign buyers obtain loans for U.S. property?
32:55 LLC formation for income property.
36:38 Seeking more than 10 financed properties?
37:36 How RE investors from one state can buy in a different state.
39:37 Keith’s strategies on reducing your DTI so that you can qualify for income property.
42:23 Use AirBnB income to qualify for rental property?
42:43 Home Equity Lines Of Credit (HELOCs) can help you tremendously.
44:27 Self-employment income and your loan qualification.
Resources mentioned:
GrahamParham.com | (855) 326-6802 | gparham@highlandsmortgage.com
InternationalCoffeeFarms.com (ICFC). One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com and submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund.
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We would be grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android!
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Fri, 10 July 2015
#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.
27:14 Values vs. Competency.
29:49 Though every Rich Dad Advisor book is terrific, why Keith recommends reading The Social Capitalist first.
31:28 A Social Capitalist does good in the world AND profits.
Resources mentioned:
TheSocialCapitalistBook.com - See the "Creating A Rich Life" program.
Amazon: The Social Capitalist by Josh & Lisa Lannon
InternationalCoffeeFarms.com (ICFC). One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com and submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund.
Visit our 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 review! Here’s how to write one at: iTunes, Stitcher, and Android!
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Fri, 3 July 2015
#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: Quotiful app 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 review! Here’s how to write one at: iTunes, Stitcher, and Android! |