Get Rich Education

#142: Keith’s $530,000 four-plex dropped in value to $480,000 during the 2007-09 Mortgage Meltdown.

Lessons from the Housing Crisis of 2007-2009 still influence Keith’s investing today. Our guest, Damion Lupo, lost worse than Keith at this time. His $20M portfolio imploded.

Damion spent over a million dollars on seminars alone. He recklessly went all-out by purchasing 150 rental units across 7 states more than a decade ago - without regard for cash flow. It crashed.

Today, his firm, Total Control Financial, helps you control your financial future with self-directed IRA and Solo 401K services for optimized retirement planning.

Top takeaway: Buy for cash flow in stable economic metro markets.

Grab Get Rich Education’s new book at GetRichEducation.com/Book

Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week’s show and learn:

00:57  Keith’s $530,000 four-plex dropped in value to $480,000 in the 2007-09 Mortgage Meltdown.

15:37  If Damion could do it all over again, what would he do differently?

20:04  Harvesting equity.

24:29  Damion won’t do deals with people in their 20s.

26:30  The next crash.

34:14  Hard money loans.

42:25  Retirement.

49:26  Choose stable markets in the Midwest and South.

Resources Mentioned:

TotalControlFinancial.com

Investopedia.com

NoradaRealEstate.com

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

 

 

Direct download: GREepisode142_1.mp3
Category:general -- posted at: 4:00am EDT

#141: Real estate hedonics and inflation effectively mean that real estate goes down in price over time. So then how can it be such a great investment? Keith answers.

We run the numbers on a Memphis duplex. Keith calculates a 32.4% ROI right before your eyes.

Keith tells you how to make more income if you’re living paycheck-to-paycheck.

Learn about the opportunity cost of renting out a $620,000 south Florida home for $2,900.

Grab Get Rich Education’s new book at GetRichEducation.com/Book

Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week’s show and learn:

01:37  Giving.

04:57  Real estate hedonics.

09:46  Calculating Total Rate Of Return from real estate.

17:57  Most real estate investors can’t “keep score”.

19:34  Living paycheck-to-paycheck. How to get started?

24:34  People want change, but don’t want to change.

32:25  Renting out a $620,000 south Florida home.

Resources Mentioned:

NoradaRealEstate.com

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

Clickbank.com | Kajabi.com

 

Direct download: GREepisode141.mp3
Category:general -- posted at: 4:00am EDT

#140: Keith’s new book is now out in paperback form at: www.GetRichEducation.com/Book.

Direct investment in single family income properties has strong demand from both investors and renters.

Single-family home (SFH) income property advantages include: they trade independent of market cap rates, stronger appreciation than apartments, inflation protection, amortization, tax depreciation, lower cost, easier financing, more understandable, no shared walls, divisibility, less tenant turnover, and better locations than apartments.   

Today’s guest, HassleFreeCashFlowInvesting.com’s David Campbell helps Keith break down single-family investing advantages.

Grab Get Rich Education’s new book at GetRichEducation.com/Book

Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week’s show and learn:

01:15  Ken McElroy in 2017: “It’s a terrible time to buy multifamily in most metros.”

06:23  SFHs trade independent of cap rates.

09:57  Appreciation vs. Inflation.

11:03  SFHs are approachable because they’re lower cost and financing can be easier.

14:52  No shared walls: pests, fires, noise.

15:48  Arbitrage.

18:00  Keep a low equity position for asset protection.

20:17  Divisibility.

20:53  The fallacy of “buying cash flow”.

25:08  Prepaying the mortgage is a huge mistake.

27:55  SFH: no or low utility payments.

29:00  Neighborhood quality.

32:00  Cash flow.

33:51  Income tax-free states.

34:57  Tenant psychology in SFHs. It “feels like their own”. Exit strategy.

36:50  GREturnkey.com has many of the best income property SFHs.

38:25  Ask: “Mr. Manager, what would like to manage?”

40:40  SFHs have less tenant turnover than apartments.

43:10  SFHs is where you typically start.

45:46  “Leaving a trail behind” with 3.5% down payment FHA loans.

48:30  David’s free e-book at HassleFreeCashFlowInvesting.com.

Resources Mentioned:

HassleFreeCashFlowInvesting.com

GetRichEducation.com/Book

NoradaRealEstate.com

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

 

Direct download: GREepisode140_1.mp3
Category:general -- posted at: 4:00am EDT

#139: Grab Get Rich Education's new book at: GetRichEducation.com/Book.

You need money in order to trade it for time. You can’t trade anything other than money for time.

The housing inventory shortage will reach a peak before new construction can relieve the problem.

Paying rent is not like “throwing money away every month.” Keith breaks down the trade-offs between renting vs. owning your primary residence.

Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week’s show and learn:

01:34  Apartment buildings between 2 and 9 units are no longer being built as often.

06:06  The overall shortage of housing inventory for sale.

07:23  Feeling imprisoned in your own home due to low inventory, rising interest rates.

12:39  Housing builder confidence is up. More new construction.

14:00  There is currently income property inventory in Jacksonville, FL: GetRichEducation.com/jax

17:39  Why do you think you need to own a home?

18:57  Paying rent is “not throwing money away”. Here’s why.

20:04  16 tradeoffs between Renting vs. Buying your own home.

28:06  Time vs. Money.

Resources Mentioned:

GetRichEducation.com/Book

NoradaRealEstate.com

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

 

Direct download: GREepisode139.mp3
Category:general -- posted at: 4:00am EDT

Yes! Our first-ever book has been released today at GetRichEducation.com/Book.

Brief and to-the-point, with no guest writers or ghost writers, Keith dispels seven of the most common money myths that limit your financial growth potential including: “Be debt-free” (a myth), and “Get your money to work for you” (another myth, believe it or not).

“7 Money Myths That Are Killing Your Wealth Potential” has already hit Amazon #1 bestseller status in multiple categories.

Grab it now before the price goes up after Friday at: GetRichEducation.com/Book

Direct download: GRE_Book_Episode.mp3
Category:general -- posted at: 7:26am EDT

#138: You’ve run out of money to buy real estate. What do you do now? You pool other people’s money for the down payment through a process called real estate syndication. Learn how.

Urban real estate investing involves: exploiting geographic class segregation, “moving the gentrification line”, rent control, and public transit proximity.

Today’s guest, Victor Menasce, is an Ottawa, Canada-based real estate syndicator. He’s an expert at teaching you how to raise capital from others for real estate deals in his book, Magnetic Capital.

Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week’s show and learn: 

00:48  How can “real estate syndication” make you wealthy?

03:59  Investing in the U.S. vs. Canada: the biggest difference.

05:28  Urban investing: “Buy on the line. Move the line.”

07:48  Infill development.

09:22  New construction and low inventory.

10:18  Example on a buy-and-hold million dollar building.

13:07  Urban areas: higher appreciation risk and reward?

17:31  Leading indicators of up-and-coming areas.

19:58  Rent control discussion.

24:33  Raising capital from others.

29:26  Establishing trust, track record, compelling opportunity, alignment.

34:53  “Borrow” someone else’s track record.

40:19  Give yourself a promotion.

Resources Mentioned:

VictorJM.com

NoradaRealEstate.com

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

 

 

 

Direct download: GREepisode138.mp3
Category:general -- posted at: 4:00am EDT

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