Get Rich Education

#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

GetRichEducation.com

Direct download: GREepisode103.mp3
Category:general -- posted at: 4:00am EDT

#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.com

RidgeLendingGroup.com

GetRichEducation.com

Direct download: GREepisode102.mp3
Category:general -- posted at: 4:00am EDT

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

RidgeLendingGroup.com

NoradaRealEstate.com

GetRichEducation.com

 

Direct download: GREepisode101_1.mp3
Category:general -- posted at: 4:00am EDT

#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

Direct download: GREepisode100.mp3
Category:general -- posted at: 4:00am EDT

#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

NoradaRealEstate.com

GetRichEducation.com

 

Direct download: GREepisode99.mp3
Category:general -- posted at: 4:00am EDT

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