Get Rich Education

#216: Hands-on real estate has its risks and rewards vs. passive investment.

Learn about “scaling up” your portfolio into larger buildings.

If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone.

How do you afford all this? You can ethically take a Developer Fee for yourself.

Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties.

We also discuss: buying property on a corner, commercial financing, elevators & parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”.

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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

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Listen to this week’s show and learn:

04:18 Victor Menasce Interview begins.

06:27 Commercial financing qualification.

09:10 Refinancing your existing residential property into commercial loans.

12:06 Operating 10-plex to 12-plexes.

14:59 Corner properties.

17:18 Adding elevators and parking.

22:59 How do you afford all this?

26:55 Building your team.

33:55 Underwriters vet your Property Manager.

35:45 Foundation issues.

37:49 ROI = Return On Involvement

Resources mentioned:

Victor’s Website: VictorJM.com

Victor’s e-mail: victor@victorjm.com

Real Estate Espresso podcast

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: GREepisode216_.mp3
Category:general -- posted at: 4:00am EDT

#215: The economic recession is inevitable. How are you positioned for it?

Recessions are awful. Jobs are lost, careers are thrown off-track, families are disrupted, homes are lost.

The U.S. is now in its second-longest expansion since 1857 (not a typo). It will end.

I define a “recession”, WHEN the next one is expected, and what actually happens inside one.

Next, I run the numbers and tell you about a recession’s destruction.

5-6 economic signals foretell the next recession’s timing. I discuss these signs.

Learn how a recession could actually be good for you.

Something is more important to you than the economy’s condition. I discuss.

Learn actionable strategies to insulate yourself against recession.

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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:

02:25 Recession defined.

04:47 Timing of next recession.

07:35 Running the numbers on how a recession hurts you.

11:49 Five or six signals of a recession.

21:50 Actionable layer of insulation against recession: medical districts.

27:28 Perspective: other world problems.

29:18 Fears.

30:00 What YOU DO matters more than the economy’s condition.

Resources mentioned:

Videos: GetRichEducation.tv

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: GREepisode215_.mp3
Category:general -- posted at: 4:00am EDT

#214: One U.S. real estate market is experiencing 6-9% appreciation, cash flow, rapid population growth, low housing prices, low property taxes, and zero state income tax.

I visited the market earlier this year. In fact, I just bought two properties from them myself here.

This area also has a low unemployment rate, proximity to great beaches, and pro-landlord law.

__________________

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:

02:30 Summary of New Orleans Investment Conference.

04:23 Mark Skousen’s dividend-paying stock picks: MAIN, OHI, EPD, MSFT.

05:29 California’s defeated rent control measure.

08:14 Amazon will name two new HQ locations.

11:39 Tampa market discussed.

15:26 Hurricane insurance. Properties located inland, not in flood zones.

19:40 Finding the “sweet spot”.

24:21 Typical: 3 BR, 2BA, 1-car garage, backyard, 1,200-1,500 sf. Rent $1,100. Price $120K-$150K.

25:05 Management.

29:22 Timing of buying income property now. Learn more at GetRichEducation.com/Tampa

Resources mentioned:

Tampa property: GetRichEducation.com/Tampa

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: GREepisode214_.mp3
Category:general -- posted at: 4:00am EDT

#213: Your tenants are businesses, not families, in commercial RE.

Tenant screening is different than residential.

You must vet your applicant’s industry viability and corporate finances.

Leases often last 3 - 15 years in industrial, retail, office, and warehousing RE.  

Single-Tenant vs. Multi-Tenant Commercial differs in risk, lease duration, more.

A “big name” tenant means you must accept a lower investor return. Find the sweet spot.

Tom Wilson, Principal of Wilson Investment Properties and commercial RE expert, joins us.

Tom tells us how commercial has higher cap rates than multifamily today.

Two myths Tom & I dispel: retail is dying, America does not manufacture anymore.

Terms discussed: triple net lease, anchor tenant, credit tenant, commercial depreciation, tenant improvements (T.I.).

I discuss brick-and-mortar retail vs. e-commerce.

__________________

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:

02:37 Why you must find a compatible mix of uses.

05:03 Why Tom transitioned from residential to commercial.

09:53 How commercial RE is different.

13:57 Commercial vs. residential lease duration.

15:40 Vetting commercial tenants.

18:10 Triple-net lease, anchor tenant, credit tenant.

21:45 Is retail dying?

26:24 Myth: America does not manufacture anymore.

29:40 Tenant improvements (TI).

33:12 Commercial financing.

34:50 Depreciation.

39:02 E-commerce vs. brick-and-mortar.

Resources mentioned:

Wilson Investment Properties

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: GREepisode213_.mp3
Category:general -- posted at: 4:00am EDT

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