Get Rich Education

#207: I am a spender. Our guest is a saver. Spenders defer financial wealth. Savers defer quality of life.

This interview takes a sweeping turn when our guest tells us he’s “very frugal”, because I’m not.

Hear my “The Spender vs. The Saver” commentary in the last ten minutes of the show.

The creator of one of the world’s most successful real estate investing apps, Anton Ivanov and the DealCheck app, joins us today.

I’ve used myself. It’s great, and free. For 25% off the optional premium upgrade, use Discount Code GRE25OFF.

From his San Diego homebase, Anton has grown his nationwide portfolio to 35 units and $11K of monthly cash flow.

He owns in Kansas City, Birmingham, and Atlanta.

The Spender vs. The Saver: there is no right or wrong. This is why it is called PERSONAL finance.

__________________

Want more wealth?

1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Listen to this week’s show and learn:

02:05 Infographic: 5 Ways Real Estate Investors Get Paid.

04:43 Anton Ivanov’s investor story: duplex, turnkeys, apartments.

19:35 The Spender vs. Saver.

31:18 DealCheck phone app: analyze cash flow, cap rate, CCR, etc. Integrates with MLS. It’s free.

For 25% off a premium upgrade, use Discount Code GRE25OFF

39:21 My commentary: The Spender vs. The Saver.

Resources mentioned:

DealCheck app: Code GRE25OFF

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

GRE Book: GetRichEducation.com/Book

Direct download: GREepisode207_.mp3
Category:general -- posted at: 4:00am EDT

#206: Student loan debt vs. real estate investing. Where should you devote your dollars? You get answers.

I tell you how to eliminate investing “uncertainty”.

The “BRRRR” real estate investing strategy is discussed - pros and cons. It’s a hybrid between flipping and buy-and-hold.

Turnkey vs. BRRRR real estate investing.

I cover the history of mortgages from the 1930s to today. FDR and World War II had substantial impact.

Fannie Mae was born in 1938. Freddie Mac didn’t begin tracking mortgage rates until 1971.

2000 was the last year that mortgage rates (30-year FRMs) exceeded 8%.

The median 30-year mortgage rate since 1971 is 7.7%.

Let’s meet in-person at the New Orleans Investment Conference.

__________________

Want more wealth?

1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Listen to this week’s show and learn:

02:13 Student loan debt vs. real estate investing.

07:53 The BRRRR Strategy: pros and cons.

17:00 Turnkey vs. BRRRR real estate investing.

19:44 History of mortgages: 1930s to today.

26:33 The median 30-year mortgage rate since 1971 is 7.7%.

28:56 Let’s meet in-person at the New Orleans Investment Conference.

Resources Mentioned:

New Orleans Investment Conference

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

GRE Book: GetRichEducation.com/Book

Direct download: GREepisode206_.mp3
Category:general -- posted at: 4:00am EDT

#205: A dollar is not money. Money serves three purposes. It is a:

  #1: Medium Of Exchange

  #2: Unit Of Account

  #3: Store Of Value

There is an opportunity for you to invest in cash-flowing real estate in Cleveland (link).

After discussing the roles of money, currency, and real assets, we discuss the Cleveland, Ohio real estate investing market.

Generally, if a place is too desirable to live in, it is a bad place to invest in long-term rental real estate for cash flow. But it must be attractive enough to retain residents.

Cities must reinvent themselves when manufacturing wanes. Cleveland has doubled-down on medical technology and has become a world leader in health care.

Eight Fortune 500 companies are headquartered here. The Cleveland Clinic is a world health care leader.

Neighborhood selection, pockets for long-term appreciation and cash flow discussed.

Typical in Cleveland: 3 BR / 2 BA, $700 - $1,000 rent, $80,000 price, 2% property tax.

This provider: financing-friendly, in-house management, guarantees, annual inspection, give tours.

__________________

Want more wealth?

1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Listen to this week’s show and learn:

02:06 Money and currency roles.

04:08 Real assets.

05:53 “Too desirable” to live in a place.

10:18 Medical and technology replaces manufacturing.

11:00 Why companies are spending more to renovate homes.

16:24 Cleveland culture.

19:12 Fortune 500 companies - eight headquartered in Cleveland.

21:49 Forbes named Cleveland the top cash-flowing rental market.

24:22 Why SFHs?

29:58 Typical: 3 BR / 2 BA, $700 - $1,000 rent, 2% property tax.

32:04 Provider, financing-friendly, in-house management, guarantee, annual inspection.

35:45 Interested? Get the investing report at www.GetRichEducation.com/Cleveland.

Resources Mentioned:

GetRichEducation.com/Cleveland

The Real Estate Guys

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

GRE Book: GetRichEducation.com/Book

Direct download: GREepisode205_.mp3
Category:general -- posted at: 4:00am EDT

#204: Your real estate ROI could be a billion dollars.

Even if your property never appreciates nor pays you the other four ways, I discuss a little-considered way where you’re STILL profiting.

Real estate price and value are different.

“Return ON Equity” vs. “Return FROM Equity” discussed.

Are you leveraging appreciation or leveraging inflation?

Inflation assists leveraged real estate investors 3 ways: asset inflation, debt debasement, and higher cash flows.

Real estate flipping vs. investing is discussed with Matt Theriault.

Matt and I discuss the mindsets around passive income vs. active income.

The importance of markets and teams.

__________________

Want more wealth?

1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Listen to this week’s show and learn:

02:13 Your ROI.

03:54 If your property never appreciates or pays you, here’s how you profit.

07:08 Leveraging inflation, not appreciation.

13:10 Cleveland cash-flowing property.

15:33 Matt Theriault joins us.

22:25 Retirement. Piles vs. streams of income.

29:12 Flipping vs. Investing.

31:08 Markets and teams.

35:42 You must act.

Resources Mentioned:

Warren Buffett Quote

Matt Theriault Website

Cleveland Turnkey Real Estate

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

GRE Book: GetRichEducation.com/Book

Direct download: GREepisode204_1.mp3
Category:general -- posted at: 4:00am EDT

1