Get Rich Education

Today’s guest has been a GRE listener since 2019. 

He’s an MBA and Industrial and Manufacturing Engineer at a Fortune 500 Company. He still works at this full-time job.

Eric Schodowski learned about GRE and listened from Episode 1. Leverage, arbitrage, and inflation-profiting were new concepts to him.

When he switched jobs, he was able to access 401(k) and pension funds. Then, rather than living below his means, he expanded his means.

Eric Schodowksi has added 11 rental units: a four-plex in his home market of Baton Rouge, LA,  and turnkey properties in: Memphis, west Florida, and northwest Indiana.

His returns have been as high as 120% per year. 

Eric prefers turnkey real estate investing because it’s “hands-off”. Turnkeys are designed to perform for investors.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/360

Eric’s e-mail address:

Eric.LaBlue@gmail.com

Get mortgage loans for investment property:

RidgeLendingGroup.com

JWB’s available Florida income property:

www.CashFlowAndGrowth.com

eQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Const. Florida SFHs & multifamilies:

www.B2Rdirect.com

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode360_.mp3
Category:general -- posted at: 4:00am EST

A 60% housing drop is what I’m talking about today. That's the real estate crash.

What has driven housing prices 23.4% higher year-over-year? Scarcity, utility, and demand.

I’m talking about a housing *supply* crash, not a price crash.

The guys from Wealth Without Wall Street, Joey Mure and Russ Morgan, join us.

They discuss why Wall Street makes money managers profitable, not individual investors.

Most individual investors are so used to abandoning what they really want, that it’s difficult to remember what their dream even is anymore. 

Racing to “zero debt” is a losing game for most people.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/359

WWWS’s financial passport resource:

WealthWithoutWallStreet.com/Passport

CNBC: Rent Prices Rising Faster:

https://www.cnbc.com/2021/08/11/rental-bidding-wars-

heat-up-as-economy-improves-in-tight-housing-market.html

Get mortgage loans for investment property:

RidgeLendingGroup.com

JWB’s available Florida income property:

www.CashFlowAndGrowth.com

eQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode359_.mp3
Category:general -- posted at: 4:00am EST

Fifty years ago, money changed forever. Robert Kiyosaki joins us. He’s the “Rich Dad, Poor Dad” author.

President Richard Nixon effectively removed the dollar from the gold standard on August 15th, 1971. We play the audio clip.

Inflation ensued, exceeding 10% in the 1970s and 1980s.

What is money, anyway? I answer.

Gresham’s Law - bad money drives out good.

Kiyosaki tells us why he promotes freedom and economic decentralization.

My solutions to monetary inflation: 1) Real estate debt. 2) Gold. 3) Bitcoin. 4) Spend. 

Resources mentioned:

Show Notes:

www.GetRichEducation.com/358

Nixon removing dollar from gold standard:

https://www.youtube.com/watch?v=4-cB1Z9qceI

Jerome Powell on dollar printing:

https://www.youtube.com/watch?v=lK_rYS8L3kI

Buy real estate:

www.greturnkey.com

Buy gold:

www.apmex.com

Buy bitcoin:

www.coinbase.com

Get mortgage loans for investment property:

RidgeLendingGroup.com

JWB’s available Florida income property:

www.CashFlowAndGrowth.com

eQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode358_.mp3
Category:general -- posted at: 4:00am EST

Homes in car-dependent areas have appreciated at 33%; mass transit areas 16% over the last eighteen months. Suburban real estate wins.

Alabama and Tennessee have: net in-migration, low cost of living, high rents with a low purchase price, low property tax, jobs, and housing affordability.

SFRs and duplexes are offered in: Chattanooga, Birmingham, and Huntsville.

In many Alabama markets, low income areas have appreciated more than high income areas.

Chattanooga duplexes: $2,200 rent / $240,000 price. 0.9% RV ratio.

SFRs are 3 bed, 2 bath: $1,300-$1,500 / $160K-$210K price.  

Get the report & connect with the provider at: GetRichEducation.com/Chattanooga

Resources mentioned:

Show Notes:

www.GetRichEducation.com/357

Alabama & Chattanooga Investment Property:

GetRichEducation.com/Chattanooga

GetRichEducation.com/Birmingham

GetRichEducation.com/Huntsville

Get mortgage loans for investment property:

RidgeLendingGroup.com

JWB’s available Florida income property:

www.CashFlowAndGrowth.com

eQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode357b_.mp3
Category:general -- posted at: 4:00am EST

You achieved 95% total rate of return if you bought a turnkey property one year ago, on average. 

How can that be true? It’s the “Five Ways Real Estate Pays” revisited.

Get our free, wealth-building “Don’t Quit Your Daydream” newsletter. It’s the real estate industry’s best at: GetRichEducation.com/Letter

Doug Fudge joins us. He’s President and CEO of Fudge Insurance. They are a brokerage where customers get a choice of insurance provider.

Fudge provides insurance in: CA, CO, FL, GA, NC, TN and KY.

He suggests higher deductibles and lower premiums for well-off investors.

Doug & I discuss trade-offs between replacement cost and actual cash value insurance.

Vacant land is generally not insured.

Every policyholder in Florida has had a rate increase in the last year. This is largely due to frivolous lawsuits.

Get a lower insurance rate with property that is: new-build, concrete block (not frame), further inland (not coastal), hip roof (not gable).

Flood and earthquake coverage are separate policies.

We discuss how to administer renters’ insurance and umbrella insurance policies.

Learn which insurance document you should never sign.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/356

Fudge Insurance:

www.FudgeInsurance.com

(407) 965-4253

Get mortgage loans for investment property:

RidgeLendingGroup.com

JWB’s available Florida income property:

www.CashFlowAndGrowth.com

eQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode356_.mp3
Category:general -- posted at: 4:00am EST

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