Get Rich Education

#221: You will be impacted. Learn the latest in rent increases, interest rates, affordability, inflation, asset values, tariffs, institutional money in real estate, the “Build-To-Rent” trend.

Learn why large companies raise rents faster than “mom-and-pop” investors like you.

Russell Gray of The Real Estate Guys and I share what we discovered at prominent conferences this month.

He co-hosts the amazing Investor Summit At Sea. I’ve attended this unique, world-class real estate investing event.

Get event details. Send an e-mail to: gre@realestateguysradio.com

It could be the best investment that you make in 2019.

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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:

02:22 Tariffs effect on you.

05:48 Affordability.

09:05 Interest rates, inflation.

12:55 Small, but higher yields on savings accounts, CDs.

18:12 Institutional investors’ impact on you.

26:55 The “Build-To-Rent” trend in SFHs.

28:55 Buy vs. Rent your primary residence.

30:18 The special and transformative Investor Summit At Sea.

35:43 You could sit at a small table with Robert Kiyosaki.

Resources mentioned:

Investor Summit At Sea

ShadowStats.com

ChapwoodIndex.com

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

 

Direct download: GREepisode221_.mp3
Category:general -- posted at: 4:00am EDT

#220: Financially-free vs. debt-free. Pick a side.

In this interview and debate, I’m on the financially-free side.

Two podcast hosts are on the debt-free side.

Financially-free means doing what you want to do, when you want to do it.

Debt-free means that you don’t owe anyone anything.

Can’t you just pick both?

Well, being on the debt-free side often means taking a step away from financially-free.

Host Seth Williams and co-host Jaren Barnes run REtipster.com and the REtipster Podcast.

__________________

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:

03:42 Example on why home equity is unsafe, illiquid, and ROI-zero.

05:30 Interview begins.

08:15 Average of the five.

10:02 Wealthy | Middle Class | Poor

12:46 Stop looking at property.

22:50 Is today a good time to buy real estate?

28:29 Financially-free vs. debt-free.

50:35 Reasons to avoid leverage.

52:58 Rising HELOC rates.

54:21 Long-term commitments.

58:27 “The Godfather Of Real Estate”, Bob Helms, and friend John Collins on debt.

Resources mentioned:

Seth Williams’ Website: REtipster.com

Seth Williams’ Podcast: Here

My Book: 7 Money Myths - Amazon

My Book: 7 Money Myths - E-version

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

 

Direct download: GREepisode220_1.mp3
Category:general -- posted at: 4:00am EDT

#219: Earthquakes ravaged my property. I’m 100% uninsured.

Why don’t I have earthquake insurance?

There’s a big lesson in this for you no matter where you live… and it’s not what you think.

You take great risk if you don’t invest in multiple real estate markets.

First, I answer your listener questions:

“Should my first property be an owner-occupied four-plex or a turnkey SFH?”

“If you could start over again in real estate, what would you do differently?”

A character named “Scarce Skip” is born.

Early next year, Jim Rogers, Robert Kiyosaki, and Garrett Gunderson are scheduled to be on the show.

__________________

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 Should my first property be an owner-occupied four-plex or turnkey SFH?

12:50 If you could start over in real estate, what would you do differently?

16:14 Telling me I “got lucky” by starting with a four-plex.

19:48 “Scarce Skip” is born.

21:38 Earthquakes ravaged my psyche and property.

35:09 Five key lessons.

36:16 Seismic engineering and construction.

Resources mentioned:

2018 Anchorage Earthquake

1964 Great Alaska Earthquake

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: GREepisode219_.mp3
Category:general -- posted at: 4:00am EDT

#218: You can achieve 10.5% Cash-On-Cash Returns with debt investing.

With Private Money Lending, you rent your money (not your property) to a borrower.

Their real estate is your collateral.

This way, you have greater passivity and stability than most equity real estate investing.

You participate on the DEBT side rather than the EQUITY side of real estate investing.

You have a fixed, predetermined rate of return.

You are in first lien position. This means that if your borrower defaults, you can get paid back first.

This is debt syndication. That simply means that a number of lenders make a loan on one construction project.

Act and learn more: GetRichEducation.com/Lending

Most lending durations are 12-36 months. Typically, that’s how long you receive monthly cash flow payments, with your principal returned at the end.

Today’s guest, John Larson, Managing Partner at American Real Estate Investments, tells us about debt syndication in the Dallas-Fort Worth market.

Medical and office space are often developed, with 25-35 lenders on $2M-$4M properties.

If something goes wrong with a project, we discuss how you’re repaid.

__________________

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:

03:35 Before making a loan on someone else’s real estate - here's what you must know.

05:24 First lien position, debt syndication.

08:12 Personal story of when I met John Larson.

10:25 Motivation for debt rather than equity investing.

12:48 Astounding strength of Dallas-Fort Worth, TX economy.

14:11 If something goes wrong, how does the lender (you) get repaid?

16:57 Who is debt investing ideal for? Cash, IRAs, 401(k)s.

21:23 How the developer identifies the right opportunity.

24:14 What if something goes wrong?

25:04 “Say I invest $100K, when and how am I paid?”

28:15 John is a new author. I wrote the book’s foreword.

31:39 See if Private Money Lending is right for you at GetRichEducation.com/Lending.

Resources mentioned:

Private Money Lending: GetRichEducation.com/Lending

John Larson’s Book: Passive Income Guide

Real Estate Cowboys 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: GREepisode218_b.mp3
Category:general -- posted at: 4:00am EDT

#217: Turnkey RE mistakes to avoid are discussed.

Turnkey means “all-done-for-you”. You’re buying property already rehabbed, tenanted, and under management.

You’ve outsourced work and sweat equity.

Turnkey pros: less time, less rehab risk, instant income, built-in management.

Turnkey cons: less rehab control, no sweat equity.

Just because a company is called “turnkey” does not make them a good operator.

I tell you how to reduce property repair costs.

Today’s guests, Terry Kerr and Liz Nowlin of Memphis, TN’s Mid South Home Buyers, are exemplary turnkey providers.

__________________

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:

03:34 Turnkey does not mean “completely uninvolved”.

04:12 Control.

07:22 Unethical operator tactics.

09:02 Inspections.

09:43 Management.

13:05 How to reduce repair costs - insurance claim, warranty.

14:56 Pros of turnkey.

19:49 Why Memphis?

24:14 Rent amount, occupancy rate.

26:53 Integrated business.

29:37 Extent of rehabilitation, management.

33:15 Guarantees.

37:12 Rent $750, purchase price $70,000.

Resources mentioned:

MidSouthHomeBuyers.com

Field verification: WeGoLook.com

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: GREepisode217_.mp3
Category:general -- posted at: 4:00am EDT

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