Get Rich Education

#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

 

Direct download: GREepisode98.mp3
Category:general -- posted at: 4:00am EDT

#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 does an ALH manager do?

45:00  Gene shows others how to provide ALHs with a live 3-day Training, and at RALAcademy.com  

Resources Mentioned:

RALAcademy.com

CorporateDirect.com

NoradaRealEstate.com

RidgeLendingGroup.com

GetRichEducation.com

Direct download: GREepisode97_01.mp3
Category:general -- posted at: 4:00am EDT

#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

MidSouthHomeBuyers.com

Direct download: GREepisode96.mp3
Category:general -- posted at: 4:00am EDT

#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

Direct download: GREepisode95.mp3
Category:general -- posted at: 4:00am EDT

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