Get Rich Education

#111: Looking for passive income but can’t find an attractive real estate deal in today’s climate?

Invest with a trusted, savvy investor that’s an expert in identifying profitable apartment building deals for others.

Dave Zook, Founder Of The Real Asset Investor, has a remarkable track record of providing reliable returns to investors.

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:

05:05  Entering real estate for tax mitigation reasons.

07:40  Rich Dad influence.

09:15  Many wealthy people are willing to invest in 1% yield CDs!

11:26  Planting the seeds of real estate syndication. How to stay in the “deal flow.”

12:57  The people are more important than the product. Which people are “real” and which are not?

15:45  Multifamily property in Memphis.

20:03  Forced appreciation.

22:31  Dave is successful because he considers his investors’ need, not his need.

24:08  Value-add property improvements include a high-tech video surveillance system.

26:26  Dave’s investors benefit in ways that direct investors don’t.

28:38  Dave puts his own “skin-in-the-game” alongside his investors. He has a vested interest in property performance.

30:05  Investors paid quarterly: 8-11% Cash-On-Cash Return. High teens to 25%+ Internal Rate Of Return.

31:44  Taxes. Accelerated depreciation (from Cost Segregation) gets passed along to each investor.   

33:41  Annual investor barbecue.

35:03  Win a free real estate field trip to Memphis or Belize at www.TheRealAssetInvestor.com/GRE

36:14  Advantages to investing in a trusted expert’s syndication.

 

Resources Mentioned:

TheRealAssetInvestor.com/GRE

CorporateDirect.com

RidgeLendingGroup.com

GetRichEducation.com

Direct download: GREepisode111.mp3
Category:general -- posted at: 4:00am EDT

#110: Wealth and fulfillment are matters of your personal choice.

"Being Wealthy Is A Choice" is something that I didn’t believe when I first read it in a Robert Kiyosaki book 15 years ago. Now, I know that it’s true.

Learn how to choose wealth. Be bold. Live where you want to live.

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:

02:12  You need to believe that being wealthy is a choice.

03:26  You’re unfulfilled because you spend too much time at your job.
 
06:20  Live where you want to live
 
09:09  Be bold.
 
13:14  Disable notifications.
 
13:53  Associate with people whose future is bigger than their past.
 
15:17  Fear and doubt destroy more dreams than failure ever does.
 
16:24  Die with memories, not dreams.
 
22:52  You’re paid five ways at the same time with RE investing.
 
30:05  Risk.
 
 
Resources Mentioned:
 
 
 
 
 
Direct download: GREepisode110.mp3
Category:general -- posted at: 4:00am EDT

#109: Memphis, Tennessee is the longtime King Of Real Estate Cash Flow.

Mid South Home Buyers in Memphis is the turnkey company with smart systems and great service. Learn how they got their advantage.

Founder Terry Kerr and Investment Coordinator Liz Nowlin tell us what makes Memphis unique.

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:
 
02:44  Return From Equity (RFE) and Return On Equity (ROE) are two different things.
 
06:18  Equity positioning is key to your investing strategy.
 
07:18  Volatile markets vs. Stable markets.
 
10:23  Terry Kerr and Liz Nowlin interview begins.
 
12:15  Mid South Home Buyers manages 1,450 properties, 98%+ occupancy, 77%+ of tenants renew their leases.
 
14:28  Memphis is a distribution hub.
 
15:27  52% of Memphis residents rent rather than own.
 
17:33  Some turnkey providers “mark up” materials.
 
20:58  The best-renovated houses in Memphis: roofs, HVAC, kitchen, bathroom, electrical, plumbing, flooring, more.
 
23:48  Under-market rent amounts.
 
24:40  Warehousing of materials creates efficiencies.
 
25:49  Communication.
 
29:07  A larger pool of tenants to select from.
 
 
Resources Mentioned:
 
 
 
 
 
Direct download: GREepisode109.mp3
Category:general -- posted at: 4:00am EDT

#108: Should your rent or own your primary residence?

Consider feelings, equity buildup, control, leverage, personal cash flow, mobility, inflation, taxes, liquidity, opportunity cost, sunk costs, and much more.

Innovative Advisory Group’s Kirk Chisholm joins Keith for the chat. Keith tells you how much his home is worth.

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:
 
02:55  Your home is not an asset.
 
08:51  Why throw away money on rent?
 
12:15  Rental “stigma.”
 
16:10  Liquidity.
 
17:50  Sunk costs like furniture, maintenance, amenity obsolescence.
 
20:14  Inflation, leverage, appreciation.
 
23:57  Three methods to help you determine to rent or buy.
 
27:51  Wider selection of homes to buy than rent.
 
30:41  Rent-To-Value Ratio.
 
34:08  Today’s low homeownership rates.  
 
35:19  “Touchy feely things.”
 
39:31  Rent vs. Buy Calculator.
 
40:30  Keith’s home valuation and whether he rents or buys.
 
42:21  Be the second owner of a home.
 
 
Resources Mentioned:
 
 
 
 
 
 
Direct download: GREepisode108.mp3
Category:general -- posted at: 4:00am EDT

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