Fri, 31 March 2017
#129: Dallas, TX could be the strongest real estate market in the entire U.S. as it keeps experiencing staggering business, job, and population growth. In fact, Forbes has named Dallas, TX as the #1 place to invest in 2017. But if you live outside Dallas-Fort Worth, how do you capture the upside yourself? With turnkey single-family income property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:50 Texas has had great economic fortune for decades. Geopolitical Strategist Peter Zeihan tells us that this will continue. 04:18 Dallas-Fort Worth’s astounding population growth. 05:16 Why to invest in single-family homes rather than apartment buildings. 09:55 In a hot market, have a relationship with a team that can get housing inventory. 12:03 Competing for housing inventory. Targeting 7%+ cash-on-cash return. 15:31 Product type: SFHs with minimum of 3 BR, 2 BA, 2-car garage. 17:14 Don’t “over-improve.” Examples. 20:30 What type of person invests in turnkey real estate? Busy people. 22:38 In-house property management. 25:58 The economies of scale advantage with contractors. 28:30 Averages: rent income $1,600 and sale price $170,000. 29:51 Investors have one point of contact. 31:18 Management companies propose solutions, not just pose problems. 32:30 April 21-23: Attend the upcoming Dallas Income Property Tour & Workshop. 34:45 High tenant quality. 36:05 Positive cash flow. Resources Mentioned: Blog Article: Triple Your Equity In Five Years
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Fri, 24 March 2017
#128: These five money myths are killing your wealth potential. Don’t believe: 1) Get your money to work for you. 2) Compound interest creates wealth. 3) Be debt-free. 4) Home equity has a rate of return. 5) Live below your means. All five of the above are money mindset myths. If you believe them, you won’t create wealth. Real estate investing cures all five money mindset myths. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:07 Your brain is programmed to survive rather than thrive. 06:10 Why dispelling mindset myths is important. 10:46 Other people’s money. 16:23 Example of financial leverage. 17:39 Don’t be debt-free; be financially-free. Examples. 24:45 Inflation-hedging. 26:15 Compound Interest vs. Leverage. 28:41 “Millionaire.” Who cares? 31:12 Equity has zero rate of return. It’s unsafe and illiquid. Examples. 35:25 Equity transfers. 37:29 Should you pay off your primary residence? 39:26 Lawsuits. 40:28 Myth: “Live below your means.” 43:10 Don’t budget. 44:32 Question your answers. 45:49 The power of being bold.
Resources Mentioned: PassiveRealEstateInvesting.com
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Fri, 17 March 2017
#127: You are invested in a zero-return investment. Home Equity is unsafe, illiquid, and its rate of return will always be zero. Then why are you so heavily invested in home equity? We discuss strategies to turn this around, and use home equity as a wealth-builder for you. Making extra mortgage principal payments on one’s home is usually a terrible idea. Striving to be debt-free often prevents one from becoming financially-free. You'll see why. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:57 ROI. 04:28 Turnkey income property inventory keeps tightening. 06:33 You have money that you didn’t know you have. 07:35 Your value as a listener. 12:04 How much of a zero-return investment would you want? 13:44 Debt-Free vs. Financially-Free. 17:01 Property equity is unsafe, illiquid, and has zero rate of return. 20:18 Equity transfers. 24:46 Making extra principal payments on one’s home. 26:55 “Feelings.” 27:32 30-year fixed vs. 15-year fixed amortizing mortgage loans. 34:56 Control. 41:51 HELOCs.
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Fri, 10 March 2017
#126: Robert Kiyosaki is our guest today. He’s the #1 Selling Personal Finance Author Of All-Time. He’s authored numerous titles, including the mega-popular “Rich Dad, Poor Dad”. He leads the Rich Dad Company, whose mission is “Elevating the financial well-being of all humanity.” Don’t work for money. Let your assets produce money for you. Kiyosaki’s enduring mantras include: The Rich Don’t Work For Money | Your House Is Not An Asset | Don’t Live Below Your Means, Expand Your Means | Savers Are Losers, Debtors Are Winners and countless other influential quotes and statements. Keith hosts today’s show from Anchorage, Alaska. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12 The power of the book “Rich Dad, Poor Dad”. 04:23 Robert Kiyosaki interview begins. 05:12 Kiyosaki: Our school system is corrupt. 07:36 The Communist Manifesto (1848) by Karl Marx and Friedrich Engels. 10:16 If you own enough production, you won’t work for money. 11:16 Dying capitalism in the United States. 13:05 “Don’t live below your means. Expand your means.” 15:25 Kiyosaki adds 300-400 properties to his portfolio annually. 16:39 “Printing money on demand.” 18:17 Oil prices. 21:21 You Are The President Of Your Own Life. 24:28 Before buying real estate, consider the amount of debt you can get. Net Operating Income. Consumer Debt vs. Investor Debt. 26:44 20th Anniversary Edition of Rich Dad, Poor Dad. 29:18 The rich, middle class, poor. Concern about a crash. Debt and taxes. 30:32 What can the everyday person do? 31:04 Kiyosaki: We’re going into a depression. 34:45 Weinhold on debt. 36:10 Eight old rules of wealth. It’s faulty financial programming. 39:35 Ripping 401(k)s. 41:16 Telling yourself the truth. 41:53 Donald J. Trump. Keith gives a political opinion. Resources Mentioned: |
Fri, 3 March 2017
#125: Your passive income streams are durable to the extent that they’re diversified. Specialty agriculture can realize spectacular gains as the world’s amount of arable land diminishes. At the same time there are more mouths to feed. There is a massive undersupply of fine cacao for the world's strong market demand. Chocolate is derived from the cacao tree. Quality cacao thrives in the stable Central American nation of Belize. Finished products include gourmet chocolate and cacao butter. You can realize a cash flow stream from the annual harvest of the cacao beans, and it's all managed for you. Learn about the returns, risks, cacao supply vs. demand, and more. Keith hosts today’s show from Anchorage, Alaska. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:40 Durable wealth means having multiple diverse income streams. 03:12 Cacao (chocolate) farm investing in Belize. 05:00 Panama coffee farm parcel investing update. 07:01 Cacao farming business model. 09:11 Why Belize was chosen for cacao crops. 11:21 Supply vs. Demand for fine-flavored cacao. 16:05 Chocolate is a proven product with sustainable demand. 22:20 What a cacao farm looks like. 28:29 Risks. 31:48 $24,500 per half-acre parcel. Investors need not be accredited, no loans, 11-12% cash return expected over time (not including potential land appreciation). IRA funds eligible. 36:13 Exit strategy. 38:42 Proven product, stable government, secure, turnkey managed, social benefit. 41:53 Attend a cacao farm tour. 43:43 Cacao trees produce fruit regardless of how financial markets perform. 44:40 Nationalism. 45:50 Provider track record, and retaining local labor. 48:20 Learn more at GetRichEducation.com/Chocolate
Resources Mentioned: GetRichEducation.com/Chocolate
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