Get Rich Education (general)

98: Cap Rate, Cash-On-Cash Return, and Equity Management

Direct download: GREepisode99.mp3
Category:general -- posted at: 4:00am EDT

Fri, 26 August 2016

#98: Turn your $100K into $300K over five years with five turnkey income properties. See exactly how. Also, Cap Rate, Cash-On-Cash Return, and Equity Management are explored.

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Listen to this week’s show and learn:

01:03 Special technique to help you get more rent for your property.

04:37 How to add value to a multifamily property via NOI and Cap Rate.

08:58 Cap Rates versus Cash-On-Cash Return.

11:51 Neighborhood character affecting valuation.

13:50 How to create wealth with five turnkey properties over five years.

21:24 Amazon lockers are changing apartment buildings and consumer behaviors.

25:02 Keith’s HELOC application was denied! Details.

27:02 Earthquakes. The return from home equity is zero.

31:29 The borrower is in control of a loan, not the lender.

32:22 Why “Live Below Your Means” Is Bad Advice.

Resources Mentioned:

97: Assisted Living Homes Create Massive Cash Flow with Gene Guarino

Direct download: GREepisode98.mp3
Category:general -- posted at: 4:00am EDT

Fri, 19 August 2016

#97: Generate $36,000 of monthly income and $10,000 of monthly cash flow per single-family residence used as an Assisted Living Home (ALH).

Demographics tell the story. Our aging population means there will be more need for senior housing.

Gene Guarino of the Residential Assisted Living Academy tells us why and how to own and operate ALHs.

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Listen to this week’s show and learn:

01:05 Get $5,000 - $15,000 cash flow per month from one single-family home.

01:37 Upcoming guests on future shows include T. Harv Eker and Tom Wheelwright.

02:50 40 million senior citizens today will balloon to 89 million by 2050.

05:15 Single-family homes - not giant institutional complexes - are a great niche for the individual investor / businessperson.

08:09 Don’t be involved in the day-to-day operation of the ALH.

09:13 Ideal ALH location. Home size 300-500 sf per person.

13:20 No commercial kitchen. Grab bars, wide doors.

14:18 Profit & Loss Statement. $36,000 / monthly avg. income for ten private rooms in one ALH.

17:51 Owning vs. Leasing the real estate to operate your ALH.

19:43 Zoning, Licensing, Liability Insurance.

27:13 How do you find an ALH?

31:19 State-administered trainings vs. business-oriented trainings.

32:39 Financing.

37:15 Occupying your ALH with residents.

39:27 “Mom & Pop” ALHs.

42:04 Caring for others.

43:35 What does an ALH manager do?

45:00 Gene shows others how to provide ALHs with a live 3-day Training, and at RALAcademy.com

Resources Mentioned:

RALAcademy.com

96: Keith Weinhold Interviewed about Abundance and Leverage

Direct download: GREepisode97_01.mp3
Category:general -- posted at: 4:00am EDT

Fri, 12 August 2016

#96: Keith’s story about starting in real estate, how to think abundantly, and leveraging the efforts of others to create wealth for yourself. Keith is interviewed by Kathy Fettke.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

03:20 Before you expand, appreciate what you already have.

05:44 Avoid the crowd constantly focused on “spending less.” They live half-dead.

08:41 An inspirational Dale Partridge quote to live by.

12:19 Starting big. Most people move & follow the money. Instead, make money follow you this way.

14:03 Buying a four-plex: 3.5% down, 12 months owner-occupy, minimum 580 FICO score.

15:51 Utilizing other people’s money.

18:26 Compound interest is lame and slow. Here’s why.

22:28 Don’t be debt free. Be financially free.

23:56 In RE investing, the property is only the fourth most important thing.

24:50 Here’s how Keith expanded his real estate portfolio with other people’s money.

27:30 Investment RE markets in Dallas-Fort Worth, and Anchorage, AK.

29:43 Value your time.

33:57 A bar of iron costs $5. What will you turn it into?

Resources Mentioned:

95: Why The U.S. Real Estate Market Is Special

Direct download: GREepisode96.mp3
Category:general -- posted at: 4:00am EDT

Fri, 5 August 2016

#95: The United States real estate market is compared with those in Australia and Japan.

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Listen to this week’s show and learn:

02:18 Poor stands for Passing Over Opportunity Repeatedly - P.O.O.R.

04:00 A re-cap of Keith’s story.

07:10 Reasons why the U.S. real estate market is special.

09:14 Largest economies by GDP.

13:57 Australian real estate market overview with Marcus Whelan.

21:18 Japanese real estate market overview with Marcus Whelan.

27:14 Why the U.S. is special for income property, and business opportunity.

30:46 English-speaking is a major advantage that’s taken for granted.

32:45 Time vs. Money.

Resources Mentioned:

World's largest economies by GDP

94: Investing Your IRA in Real Estate with Mauricio Rauld

Direct download: GREepisode95.mp3
Category:general -- posted at: 4:00am EDT

Fri, 29 July 2016

#94: Self-Directed IRAs and Checkbook IRAs potentially enable you to invest your IRA funds into income real estate, coffee farms, a vacation home, gold, a business, and more.

But there are rules to follow.

Today’s guest made an educational video to help you learn about this: www.premierlawgroup.net/gre

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Listen to this week’s show and learn:

01:52 Your Individual Retirement Account (IRA) doesn’t have to be invested in mutual funds.

03:47 Even if you don’t own an IRA, you want to know this in case you aggregate other investors’ money.

05:20 Right after college, Keith admits he actually used to think it was smart to invest in 401(k)s and IRAs. Once enlightened, he tore it down.

07:23 Keith tells you who his Self-Directed IRA custodian is.

12:52 Mauricio Rauld Interview.

14:27 What is a Self-Directed IRA (SDIRA)?

16:17 With a SDIRA, what can you invest in? What’s prohibited?

20:08 Checkbook IRAs.

21:40 What a custodian does. What your limitations are.

24:28 Liquidity - how fast can you use your IRA funds?

25:42 Planning. It’s often best to fund your SDIRA with one larger lump sum.

27:11 Real estate leverage and a SDIRA.

29:53 LLC protection with Checkbook IRAs.

31:05 One option is to just dismantle your IRA.

32:40 Traditional vs. Roth IRAs.

35:00 How you actually set up a SDIRA / Checkbook IRA.

Resources Mentioned:

www.premierlawgroup.net/gre

93: Is Single-Family Income Property The Best Investment Anywhere?

Direct download: GREepisode94_3.mp3
Category:general -- posted at: 4:00am EDT

Fri, 22 July 2016

#93: U.S. Single-Family Homes rented as income property could be the best investment class on earth today. Here’s why, and here’s how to be strategic about it.

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Listen to this week’s show and learn:

02:15 Most people mistakenly think “real estate investing” means “house flipping.”

04:06 Keith is now a Contributing Author at Kiyosaki’s Rich Dad Advisors blog.

06:35 The S&P 500 Index recently closed at an all-time high. Who cares?

08:50 Size of the U.S. single-family rental market.

10:15 Demographic demand for SFHs.

12:35 SFHs: low cost, time value of money, liquidity, divisibility, school district.

16:00 Buy in 3-5 geographic markets.

18:42 Good turnkey providers avoid property in “war zones.”

23:04 Recession resistance.

23:42 Condominiums.

24:53 No common walls mean problems are confined.

25:57 Utilities, tenant quality, tenant psychology.

27:46 Autonomous cars and technology.

31:20 Rent-To-Value (RV) Ratios.

32:01 Single-Family Income Property “poetry.”

Resources Mentioned:

Keith’s first Rich Dad Advisors blog article

LittleRockTurnkey.com

92: Discover Your Investor DNA | Wealth Labs with Garrett Gunderson

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Direct download: GREepisode93.mp3
Category:general -- posted at: 4:00am EDT

Fri, 15 July 2016

#92: Garrett Gunderson is our guest today. A polished and articulate speaker, he leads Wealth Factory to help you build wealth with limited risk.

He helps you find spendable cash that you didn’t even know you had. He tells you why 401(k) plans are awful.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:33 Garrett was kicked off CNBC for telling the truth about stocks and diversification.

05:12 Where Garrett’s “abundance mindset” began. His upbringing in coal-mining Price, Utah.

08:30 A millionaire is not financially wealthy. Think bigger.

11:04 “Financial planners” and “advisors” are just commission-based salespeople.

12:45 Myths to avoid.

15:15 Long-term, stocks return zero or post negative returns.

19:42 Cash flow matters more than net worth.

21:02 Your four types of expenses.

27:03 Discover your “Investor DNA.”

30:33 “Budget” should be a swear word.

33:00 How Get Rich Education differs from Dave Ramsey.

34:59 401(k) plans are terrible.

46:10 Find Garrett at WealthFactory.com.

Resources Mentioned:

WealthFactory.com

91: A Rich Man Digs For Gold

Direct download: GREepisode92_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 8 July 2016

#91: While a rich man digs for gold, a poor man is concerned with the cost of a shovel.

Learn how to think like a wealthy person, and make it actionable.

Learn what Keith did during his typical week. Doing this yourself will build your wealth.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:50 Most financial advice is flawed and limiting.

04:14 Are you living your dreams or living your fears?

06:50 Delayed gratification.

09:00 401(k)-type contributions crush your current lifestyle. So what’s the answer?

12:38 Why would anyone contribute to a 401(k)?

15:13 Here’s exactly what Keith did this week himself that can build your wealth.

18:17 Actionable step on how to increase your property’s cash flow. (Loss runs.)

24:54 Keith applied for a 100% loan-to-value HELOC on his own home. He wants every last penny of equity pulled out of his home. Here’s why.

30:42 Refusing a REIT advertisement.

31:57 A smart GRE listener has these two great questions for Keith: reserves, cutting expenses, living below your means.

38:35 A new way to think about real estate problems.

40:04 Looking for turnkey income property? Do this.

Resources Mentioned:

90: Harry Dent | This Bubble Is About To Burst

Direct download: GREepisode91.mp3
Category:general -- posted at: 4:00am EDT

Fri, 1 July 2016

#90: Harry Dent is our guest today. His fantastic predictions - like the Dow Jones cratering to 6,000 by early next year - get noticed because the depth of his research is so extensive.

Harry authored the popular book “The Demographic Cliff.”

Learn what Harry thinks about demographics, markets, and cash-flowing real estate in the turmoil ahead.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

04:11 Why it is more difficult than ever to make economic predictions today.

06:06 Stock markets are overvalued and due for a fall.

07:40 Demographics are powerful in making predictions.

08:03 Money printing.

09:50 Dow Jones Industrial Average to 6,000 by early next year?

11:45 Renting property for positive cash flow.

13:27 Vacancy rates - U.S., China.

14:33 Real estate bubble? What do you do?

16:08 Predictions: Real Estate vs. Stocks.

17:30 Demographics’ historic influence on real estate.

20:58 The two reasons for buying real estate today.

24:00 More people are renting homes rather than buying homes.

29:34 How bad will the economic crash get?

33:25 Don’t keep money in the bank or gold, but in this surprising place!

37:43 Gold to $700 an ounce in the next few years? $400?

39:28 The Demographic Cliff.

42:30 Can technology save us from an economic crash?

Resources Mentioned:

HarryDent.com

89: Most Landlord-Friendly State in U.S? Little Rock, Arkansas Market Profile

Direct download: GREepisode90.mp3
Category:general -- posted at: 4:00am EDT

Fri, 24 June 2016

#89: Little Rock, Arkansas is the capital of what some have called “The Most Landlord-Friendly State in the U.S.”

Brian Teeter and Jeremy Veldman from LittleRockTurnkey.com tell us about the market drivers, management, and properties.

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Listen to this week’s show and learn:

03:48 Keith made a field trip to investigate the Little Rock, AR income property market.

09:14 Market drivers - medical, finance, capital city, population growth, low cost of living, short commutes. High economic diversity.

13:47 Kiplinger’s recently rated Little Rock as the #1 Place To Live.

15:05 Employment, job growth, population growth.

16:32 Is Arkansas the most landlord-friendly state in the U.S.? 21-day eviction.

17:53 Provider’s buying criteria: neighborhood, desirable amenities, safety, property age.

21:04 Better areas, better finishes, better tenants = better investments.

21:52 Price point often $85K - $100K. Rent-to-value ratio.

23:33 Appreciation rate.

26:18 Character of renters.

30:16 Management structure.

31:45 Tenant qualification.

34:12 Extent of turnkey renovations: often new roof, HVAC and water heater. HW floor, LVP, vanities, bathrooms, etc.

40:03 Warranties. Not many Section 8 tenants in their portfolio.

43:52 Little Rock Turnkey offers tours.

44:33 LittleRockTurnkey.com | (501) 951-7100 | brian@littlerockturnkey.com

Resources Mentioned:

Little Rock Turnkey

Mid South Home Buyers

88: How To Predict Real Estate Prices featuring David Campbell

Direct download: GREepisode89.mp3
Category:general -- posted at: 4:00am EDT

Fri, 17 June 2016

#88: Learn how to predict real estate prices by looking at the direction of supply & demand, available land, migration patterns, financing and more. Fascinating!

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:26 Why Keith is happy that he sold all his stocks two years ago - even though they’re 8% higher now.

05:47 The FIVE ways that real estate pays you simultaneously.

10:06 Most RE investors “get rich in a niche.” David is a generalist.

11:48 Many cash flow RE investors actually get more profit from appreciation.

14:40 Price vs. Value.

16:43 Land.

20:35 Supply, Demand, and Capacity To Pay.

27:15 Market cycles.

35:15 The “U-Haul Factor.”

36:35 Financing’s role in predicting RE prices.

45:02 Inflation vs. Deflation.

Resources Mentioned:

Hassle-Free Cashflow Investing

Mid South Home Buyers

87: Increase Your Cash Flow Creatively with Kira Golden

Direct download: GREepisode88_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 10 June 2016

#87: This clever technique can significantly boost your cash flow in your existing buy-and-hold real estate portfolio.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:48 To become wealthy with real estate, you don’t need any formal education or family connections.

05:09 With turnkey real estate investing over the long-term, you get: good returns, more control, less hassle.

07:18 A question about the 1% rent-to-value ratio from a Chicago listener.

12:31 How to use “lifestyle” real estate to help your “long-term buy-and-hold” real estate.

14:00 How to market this clever technique.

16:09 Benefits: better tenants, better occupancy, timely rent payments.

18:36 Vacation rentals in the U.S. vs. outside the U.S.

22:00 Management and maintenance structure of vacation rentals.

26:28 This technique can make your vacation rentals more successful too.

30:55 Foreign property ownership structure.

33:10 Interpreting foreign property contracts.

34:35 Governments cracking down on weekly rentals.

35:43 Your vacation rentals should be bought so that they would cash-flow as long-term buy-and-holds.

36:33 Diversification.

38:47 Do this yourself, or Kira Golden can help you get started: DirectSourceWealth.com/Portfolio

Resources Mentioned:

Direct Source Wealth

Mid South Home Buyers

86: Ken McElroy | Recent Deal Flow, How Banks Work, Demographics, and KenFlix

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Direct download: GREepisode87.mp3
Category:general -- posted at: 4:00am EDT

Fri, 3 June 2016

#86: Ken McElroy is our guest today. He’s the Rich Dad Advisor for real estate, controls more than 10,000 residential units, and is one of the best-known and most successful real estate investors in the United States.

He reveals where he finds his deals today! Learn about how you can profit by acting just like the bank does.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:35 Keith brings you today’s show from Alyeska Resort in Girdwood, Alaska.

05:50 When real estate prices rise, cap rates fall.

7:58 Can’t beat the bank? Then BE the bank. Here’s how.

14:16 Why are (uninformed) people still saving money?

18:50 Here’s where Ken McElroy is finding his deals today. Primary, secondary, tertiary markets.

24:15 When oil prices fall, how soon does it hurt a real estate market?

28:17 Why Ken avoids buying in the U.S. Northeast, Southeast, and upper Midwest.

34:02 Demographics.

36:42 Self-storage units, mobile home parks, luxury real estate, resorts, office, retail, efficiency apartments.

40:40 So many news articles pertain to real estate somehow.

41:36 KENFlix - Ken’s instructional video series.

45:10 Say you’ve been given $10 million. Here’s how to deal with it.

Resources Mentioned:

Ken McElroy’s company

KenFlix

85: Today’s Income Property Loans with Graham Parham

Keith Weinhold:	Hey, welcome to GRE. This is Get Rich Education episode 86. I’m your host, Keith Weinhold. Here’s hoping that you’ve lived an abundant week. I’m back to help you build wealth for yourself. What we’re talking about is very realistic, extra income and life-changing income for the average Joe here and you won’t end up as an average Joe. You will be able to do what most people can’t because you did what most people wouldn’t.
	Today, we’re talking to one of the best known real estate investors in the nation that is Rich Dad advisor, Ken McElroy. Ken’s contributed to our real estate investing education industry with countless real estate investing books both inside and outside the Rich Dad series and at last check, he controlled more than 10,000 real estate units.
	I recorded Ken and I’s chat the other day when I was in Anchorage. Today, I’m bringing you this show from the Alyeska Prince Hotel at the fantastic Alyeska Resort here in the rain-forested, ski community of Girdwood, Alaska. Although summer is in full swing now, this is the premier ski resort in the entire state of Alaska in the winter time. In this time of year, we’re enjoying the spa-like amenities, the really luxurious accommodations and there’s an aerial tram that will ride up the mountain later today.
	Really a fantastic scene here at this resort nestled in the Chugach mountains. Now, if you look down lower, you can see tidewater. You can see sea level here and if you look up higher, you can see at least five hanging glaciers from this vantage point. You have the paradox of seeing blue Alaska glaciers but because you’re near sea water, you can also see seagulls.
	Interestingly here in Girdwood, this adjacent forest is recognized as the northernmost rainforest on earth and its climate is distinctly different from that of my home in Anchorage which is just about 40 miles north of here. I think you’ll like this Ken McElroy interview today. If you’ve ever been around Kenny, he’s very easy to talk to and by the end of this thing, we’re just chatting as I’m throwing questions and ideas out there. He joins me from the Phoenix area today, Scottsdale, Arizona and this is his second Get Rich Education appearance, so here we go.
	From the early days of managing properties for others, to being a well-known investing guru and successful entrepreneur, Ken McElroy has considerable experience in property management as well as real estate investing in both Phoenix Arizona and across the United States with 26 plus years of elite level experience under his belt.
	He has offered his fans multiple real estate investing books and is a longstanding Rich Dad advisor to the author of the Rich Dad, Poor Dad series, Robert Kiyosaki. Ken’s true passion to educate others has led him to speak internationally on real estate investing, entrepreneurship and the keys to financial freedom. Welcome back to Get Rich Education for your first appearance since you were here on episode 25, Rich Dad advisor, Ken McElroy.
Ken McElroy:	Hi, Keith. Thank you. Great to be on your show again.
Keith Weinhold:	Hey, it's good to have you back. It was good to see you [inaudible 00:04:57] a few months ago as well. How are things going there? When you think about Ken McElroy, I think about the MC Companies deals that you syndicate. You know what, five years ago, I was thinking, Ken is probably looking at so many deals with prices being run down. He must be going nuts with all these deals and today what do you do? The cap rates have run down so much. I mean, what are you doing if you’re not looking for deals or if you still are where are you looking?
Ken McElroy:	We’re definitely looking. We have a full acquisition team out meeting with brokers and flying around looking at markets. It’s harder. That’s for sure. It actually got harder. The reason cap rates are down is when interest rates started going down. Of course lower interest rates lower cost of debt, more cash flow. The prices started going up and we’ve been battling this for a few years. It’s not something that just came about.
Keith Weinhold:	Now first of all, that’s a paradigm to some people. When a market heats up, sometimes people think, “Oh, well then cap rates must be heating up and going up,” but that's actually just the opposite. Sometimes people need to wrap their mind around that since the cap rate is the net operating income divided by the value of a building when that net operating income stays about the same and the building value shoots up faster that lowers one’s capitalization rates.
	Cap rates actually get driven down. I guess my thing is since arbitrage really is the cap rate minus a mortgage interest rate, even if cap rates have been driven down say to six-and-a-half on a building and you can still get a mortgage interest rate at five-and-a-half, that's 1% arbitrage. I mean, wouldn’t you still do the deal then? Of course there’s going to be a lot of “it depends” factors but even if cap rates have been driven down to a point where they’re still higher than mortgage interest rates, do you still go ahead? Do you still look?
Ken McElroy:	That’s a really good question. We look at things a little bit differently. I don’t always use the cap rate as a determining factor of whether we buy something. I’ll give you an example. I think cap rates are definitely something you need to watch. If you’re trying to buy a property that is in really good condition and full, and has a stable operating history, then I think cap rate means something, but if you’re buying something that, let’s say has a value add component to it and or maybe some occupancy issues, your cap rate is not going to look good because you’re going to buy it based on the way the property is performing and the way the rents are currently not necessarily on the future.
	We do look at cap rate, but mostly we look at cash flow. We start with cash flow and if we can find something that is cash flowing in the first few months of buying it and we can improve it, then of course we’ve got what would be a true value add.
Keith Weinhold:	I think what we’re basically doing here as a real estate investor where you have a cap rate that exceeds an interest rate, kind of what you’re trying to do is be the bank effectively or do what the bank does by borrowing a lower rate and investing at a higher rate. I saw you write a Rich Dad Advisors article recently about how banks work and how we can exploit that as real estate investors. Tell us a little bit about how banks work and how that plays into what a real estate investor does in being the bank.
Ken McElroy:	Sure. This also ties with your last question about arbitrage. For example, we’re in the process of buying a property right now in Mesa, Arizona and the rate that we‘re projecting, the fixed interest rate is going to be under 4%. This is a quote we actually already have. Rates should be under four fixed and we’ll have three years of interest only as part of the loan.
	You think of the banks, the reason why the interest rates are so low right now is because there’s a lot of people saving money. The article that I wrote for Rich Dad was … What happens is money like anything is there’s a supply and a demand on money. If there’s a lot of money in banks then the only way banks make money is to lend it.
	That’s why they’re trying to get everybody in credit card debt. That’s why you see all these credit cards. That’s why they’re doing it with student debt. They’re doing it with all kinds of things. They’re not doing it right now with the refi. The investor loans and all the cash out refis that they were doing before the subprime crashed, but there’s a tremendous pressure on banks to get money out because that is the way that they make money speaking of arbitrage. If let’s say somebody has $10,000 in the bank and they’re making 1% which I think today would be generous.
Keith Weinhold:	We’re just talking about your everyday depositor.
Ken McElroy:	Everyday depositor, right. That’s an expense to the bank.
Keith Weinhold:	Right. Now, that’s a paradigm for some people. When you put 10,000 in the bank, that is an expense to the bank at that point.
Ken McElroy:	Correct. Right and that’s what I wrote in that article because if you think about it, it’s true, right? I mean if you give the bank money, you’re going to want interest on it so that’s an expense to the bank. Less than 1% is not necessarily very good. Now, the bank has your money and their job is to let it out at say 4 or 5, 6%. That’s how banks make money. That’s not the only way banks make money but that is a big way that banks make money.
Keith Weinhold:	An everyday savings depositor might go ahead and deposit their money in the bank and the bank has an obligation at that point to go ahead and pay that depositor 1% and then what the bank is doing is they’re turning around and they’re loaning it to you like the deal that you just described in Mesa, Arizona for 4%.The bank’s arbitrage in that case is 4-1 or 3% and then what you’re doing with the 4% at that point, tell us about that and how that arbitrage works for you?
Ken McElroy:	That’s exactly how it works. Exactly. I’m glad you’re walking it down this way. Then I borrow the money at four, let’s say, I put it into, in this particular case, it’s a $35 million apartment deal. Actually the deal is 35 million and we’re actually borrowing 28. Now, I’m borrowing 28 million at 4%. Now, I get into the nuts and bolts of how the deal is itself.
	The deal of course pays for the mortgage but in addition to that, it generates about 7% cash on cash return on the actual investment. People call it loans, but I call it OPM, other people’s money because that's what it is. People I think sometimes get confused about money. It’s really very simple. If I borrow something from you, you can actually give it to me in a form of equity or you can give it to me in a form of a loan.
	It's the same with the bank. The difference is the bank is using your money. You can give it to somebody directly or you can give it to the bank and then of course they’re dishing it out in the form of equity and debt because banks actually do equities too in some cases, a lot of banks. It’s the same thing with a life insurance policy or a 401k or even a pension.
	Let’s say you’re a union worker and you pay it to a pension or a teacher or a fireman or a policeman or something like that. That money that you’re putting away gets invested. Unfortunately you’re giving away all your power and not knowing what it’s invested in, but regardless, let’s say over a period of a long time, you’re putting money into a pension or even a life insurance policy for that matter.
	The reason why when you get your statements and you see return on that money, it's because it’s invested in something. It’s not just put into the bank. They’re actually physically investing it. Believe it or not, pensions, life insurance companies and banks are all trying to invest in similar things.
Keith Weinhold:	Right. They’re opportunist like we want to be opportunist in a sense when a depositor goes ahead and puts her $10,000 in the bank, that’s the bank’s problem so the bank has a problem and they’re encumbered with those interest payments and they need to flip that around and go ahead and find an investment opportunity to solve that problem.
Ken McElroy:	That’s exactly right. That’s why as you watch, it’s very interesting to watch how banks compete for deposits. They want deposits. They give away free checking and they give away free toasters or whatever they might do and the people are like, “Oh my god. This is great. I get free checking.” What they’re really trying to do is get you to open bank accounts so that they can actually use that money to lend it.
Keith Weinhold:	Really, the genesis of that process is one individual saver and first of all you said there are more people saving these days. Why are they saving more these days?
Ken McElroy:	I don’t think that they’ve completely understand the system.
Keith Weinhold:	They definitely don’t if they’re saving.
Ken McElroy:	Correct. That's one reason. Also I believe that there’s still some hang over from the recession. I live in Phoenix and home prizes are still the inventory and everything that went back to the banks and everything. We’re still starting to see home prizes relatively flat even though they’ve increased a little bit. I think a lot of people got freaked out during the subprime crash. They lost jobs, they lost all the equity in their houses and I think this time around, they’re having a little bit more of a cushion which is probably smart.
Keith Weinhold:	If more people are saving these days, in a sense, that creates more of a problem for the bank if you will because they need to go ahead and get that money reinvested and when more banks have more problems, that's when banks begin to compete for each other and that’s probably why you’re able to get terms like 4% fixed on the Mesa, Arizona apartment building and three years interest only. In the genesis of that, begins with there being more demand for savers.
Ken McElroy:	That’s exactly right. That’s exactly what I would have said. Again, if you can look at it like if there’s a … Let’s say you live in a town where there’s a lot of excess development for houses, the supply of houses are going to keep the prices down and they’ll start to do concessions as they try to move through that. It’s the same with money. People just don’t think of it that way. When there’s a lot of money looking for a home, then the price of money goes down and that's what we’re seeing right now. There’s a tremendous amount of money looking for a home which is why interest rates are low.
Keith Weinhold:	That tells me that I have a problem too. I need to convert more people to Get Rich Education listeners because if there are a lot of savers, none of them are Get Rich Education listeners. I can tell you that. Ken and I are going to come after the break. I’m going to ask him a few more questions about now that cap rates have been run down, where does it go for deals? Does it go into a secondary market? Does it go into a tertiary market and more? You’re listening to Get Rich Education. Our guest is Rich Dad advisor, Ken McElroy. More when we come back. I’m your host, Keith Weinhold.
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Robert Kiyosaki:	This is our Rich Dad, Poor Dad author Robert Kiyosaki. Listen to Get Rich Education with Keith Weinhold. Don’t quit your daydream.
Keith Weinhold:	Welcome back to Get Rich Education with our featured guest, Rich Dad advisor, Ken McElroy. Ken, this is a really interesting time here while prices of real estate have heated up and cap rates have been run dow. You are one of the biggest syndicators on the entire globe today so I want to know where in the heck are you fighting your deals today in this market? How are you doing?
Ken McElroy:	They’re hard to find. I will tell you that. We like to focus on … I’ve talked to you before about this. I’ve written quite a bit about it. We don’t like to be a pioneer in any town so we basically can’t invest right now in the primary markets so that’s important to know. The primary markets would be Seattle, San Francisco, LA, New York, Boston, Chicago, those kinds of markets because what I call the dumb money is coming and do it which Wall Street because that’s really other people’s money again like we talked about in the first segment and it’s just being invested by a bunch of people, placing it.
	What we’ve had to do is go into second and third tier markets. The third tier markets can be risky however if they’re based too heavily on let’s say one employer or just a few or it could be like a great example would be North Dakota. Everybody went there because of oil. That’s probably the best example. That would be considered a third tier market and I probably got asked at least once or twice a month over a period of two years to go do something up there and I never did because I’ve seen a boom and bust before like that.
	Something that is entirely based on oil prices is not necessarily a good spot to be. I think that if you’re looking at it from a what we would call a capital gain standpoint, you might time it right. I’m sure, there’s a bunch of people that made very good money up there during that time but there’s also a bunch of people that lost a bunch just recently.
	It could be the exact same thing around a military base or something like that. We’ve had properties in and around military basis and as they deploy, let’s say personnel out into other areas, it reduces the population [inaudible 00:20:52] and things like that. Those third tier markets can be tough and so you just got to be very careful about those. We prefer the second tier although there’s a lot of money moving into second tier right now.
	The second tier market believe it or not is something like let’s say Tucson or even Las Vegas. Las Vegas however is also based heavily on tourism so when the economy is doing well, Las Vegas is doing well. Not necessarily the best market because it’s not as diverse as you would want. It is well over a million-and-a-half people now. Again, it’s only based on people flying into town and staying at the casinos and going out and spending a thousand dollars a day on bottles of wine and all that.
	I think you just got to be careful of those but there are definitely ways to make money in those markets. What we like to do is try to take a look at where employers are going and try to be ahead of that a little bit. The other thing that can really throw a market off is construction. Some of these small markets like Austin, Texas which is really a second tier market is I think it has 16,000 apartments under construction right now.
	It’s heading into some real tough few years ahead of it. Whereas Phoenix, I think has eight and Phoenix is much bigger. You got to look at supply at the same time but as we start to look at these markets, we like Austin, believe it or not and some areas we like San Antonio, we like Tucson. We like of course Phoenix which is where I’m based and we like Tulsa, Oklahoma, some of those markets. Salt Lake City. We’re looking at all those.
Keith Weinhold:	We’re talking about different marketers here and I’m saying this mostly for the benefit of listener primary, secondary or tertiary which is third tier. We’re generally talking about the population, the metro size of an urban agglomeration and typically when you have greater size, you do have more market industry and sector diversification so just a general, just a general correlation, bigger size, you’re more likely to be hedged against economic downturn but there are shorter term things going on as well and it sounds like in Austin, perhaps demand could be lagging behind supply little bit since there’s an awful lot of new construction coming on board. You can’t just look at the size of a metro area and know how safe you are just simply based on the size of it.
Ken McElroy:	Right. I think if you take a look at … The nice thing about real estate is that there’s quite a lag with it. As occupancy rates tick up or rent growth ticks up, you can almost bet that there’s going to be development to throw it off at some point. Banks like to lend in strong markets so if the occupancy and the rent has year over year growth then people are going to be buying land and building. At some point however, there’s too much being built and then the numbers change again.
Keith Weinhold:	With this lag effect in real estate, I want to get a number from you in approximate period of time in which when one sees oil prices fall so dramatically like they have and they really just begin their decline about two years ago, when that really catches up with the market of course there’s plenty of “it depends” factors but for me I live in Anchorage, Alaska. That’s where I am today. I have local rentals and I still have great occupancy.
	I have not gotten rent increase in the past two years but I still have fantastic occupancy which is really the important thing. I’ve held on for about two years. What do you think that period of time is where you can see a precipitous decline in the price of barrel of oil to when that really catches up with you and you really have significant effects in vacancies in a market?
Ken McElroy:	We’re seeing it. I can just speak from real experience. We have property in Houston, Texas and it shows up at the moment people lose jobs. If there are jobs that are lost, the people typically move and/or look for other jobs which means sometimes they’re moving. Not necessarily always but whenever you start to see that, it shows up immediately. As oil went down, we definitely saw it within just a few months in Corpus Christi, in the Houston area and then of course it spills over into Dallas, and Fort Worth, and San Antonio and some of the other markets.
	On the supply side however, if you’re looking at that, it can take a year-and-a-half, two years before it starts to show up because you have to buy the land, you have to go get the loan. It takes a year to build it. It’s not even ready to be moved into. That’s why I’m saying on the supply side it doesn’t show up as quickly which is nice.
	If you already own something then you can really, really, really be careful and watch that supply side. For example, where we actually listed a property in Austin, two weeks ago, and five years, it’s being listed for 10 million more than we bought it for. That’s entirely based on the demand of the market.
Keith Weinhold:	Congrats.
Ken McElroy:	We’ll have to close it but we’ll see where it goes.
Keith Weinhold:	We’re getting a little idea of your deal flow here. Where do you find your deals as far as not geographically but conduit wise? I mean do you have someone to go through LoopNet? I’m sure you’ve got a lot of great relationships with brokers. I mean does some of your deals still come from a resource like LoopNet or are they all pocket listings at this point?
Ken McElroy:	Great question. We look at all of those things. We’re tied in to everything. We like to work with brokers. Here’s typically my experience. A lot of times what happens with the LoopNet stuff is the seller has typically been a little bit unrealistic and maybe they even listed it before. Sometimes you find deals with just top sellers.
	I think that we like to work with brokers because that means that the seller has agreed to some kind of value and the broker is putting it out on the market at that kind of value. Nothing wrong with working with sellers directly but my experience is that they’re typically a little bit unrealistic on what they want and you’re not always getting the great deals that you would think by going to a seller directly.
	The best deals that we’ve ever gotten were when we bought from banks because what happens when a bank takes back a piece of real estate, it’s actually toxic for them to have that on their books. It affects their ability to lend. I can’t remember exactly what it’s called but I know when we buy it, it’s from the REO department, that real estate owned department of the bank and if the bank has too many assets in that category, then they get penalized on being able to put money out. They’re typically losses on a loan and selling it back out to somebody. The best deals that we’ve ever gotten were buying directly from banks.
Keith Weinhold:	Good to know. I had another question pop in my head. We were just talking about geography a little bit earlier there. We’re talking about buying in primary, secondary or tertiary markets. I know that you an MC Companies which is a large company and you do have hundreds of employees at MC companies, right?
Ken McElroy:	Yes, 350.
Keith Weinhold:	350?
Ken McElroy:	Yeah.
Keith Weinhold:	That’s a lot of a central place for not just buying power but for knowledge and everything else. I want to know why would MC Companies maybe go to a secondary market in the geography where you continue to hang out which is mostly the southwestern United States in the south. Why not try a primary market? For example, I know that there are markets with sweet spots in places like Philadelphia, in Milwaukee. Why not go in a primary market because we do have more and more people moving to cities between censuses and society has urbanized a little bit more. Why not try those out or have you and I just haven’t heard about it?
Ken McElroy:	Another very good question. First of all, just being selfish, I don’t really want to be on a plane that much and so my deal with my family was two hours on a plane. That basically gets me to the western half of the US and the truth is there’s deals everywhere. There’s deals to be had everywhere.
	From where we are in Phoenix, I can be in Salt Lake in just little over an hour, all over LA or all over California, an hour to two hours. Same with Washington and Oregon, Idaho, Montana. We’re looking at all of those markets and then of course Texas is just two hours as well. That’s primarily the reason. There’s just a lot to do. There’s a lot of markets and a lot … There’s plenty of inventory but maybe someday we’ll look a little more east.
Keith Weinhold:	I think that’s really an appropriate answer and it just tells the listeners that, you don’t need the entire country. We’re a big country and there’s a lot of deals. There’s even a lot of deals in the town that you live in. It always doesn’t have to be buying the whole real estate investing either. I know a bit about Ken. I know he’s quite a family guy. He’s really involved with his children and every summer you have essentially a retreat with your children where you take a lot of the summer months off.
Ken McElroy:	I do. I take the whole summer off, actually. They get out of school in 10 days and I move. I don’t work all of June and all of July. Then one last thing I wanted to say on that last piece that I think is important because I get, I don't know, hundreds of deals a week to my email just like probably a lot of people. After a while as you start to show up on lists and you don’t even know how, but you’re on people’s lists and in the beginning you’re trying to get on everybody’s lists and now you’re trying to get off everybody’s lists.
Keith Weinhold:	Right.
Ken McElroy:	The point is I get deals from Philadelphia, I get deals from Wisconsin. I probably get five or six deals a week from Florida. I just delete them. This has a lot to do with focus and I think that … I’m trying to be as efficient as I can. We totally understand most of the big Texas markets. We completely understand Oklahoma. We completely understand Arizona.
	Not that we just focus on those markets, but those are deals that I can look in less than 10 minutes and know whether or not I want to pursue to the next thing. We even focused on those deals. We looked at 600 deals last year and we made 58 offers and we got into about 28 best in finals. I think it was 28 or somewhere around 30 best in finals and we only have one.
	That’s just in the western areas that we’re looking at. You can go crazy looking all over the place and the biggest issue I think people have is when they buy something. Let’s say they live in Phoenix and they buy something in Florida, is not having what I call boots on the ground, not having people there that can help you if something goes sideways or even people there that they can trust.
	The intangible are the relationships that we have in those markets with the brokers and the property managers. I can look at something in Dallas on paper and call up some people that I know there and have a rent survey done within 24 hours, whereas in Florida, I get a call. Somebody I don't know. There’s tremendous amount of risk closure, I guess. It’s by just having some of those relationships.
Keith Weinhold:	When you’ve narrowed your focus, you’re just more, I guess, preview to and in tuned with the type of information. We talked about brokers in your relationships but also that type of information where you might learn that at large hospital campus is going to be breaking ground in a certain section of San Antonio and you know that’s going to be good for sustainable demand for renters that can pay incomes for many years so therefore that may increase the chances that you would want to buy a 500 unit complex in northeast of San Antonio or something like that for example?
Ken McElroy:	That’s exactly right. Versus at the same time in the hour, I met get a deal from Florida and it might look beautiful on the brochure and it’s on a lake in Orlando let’s say. I just don’t have the relationships there and of course there’s markets nuances too on one side. I was looking at a deal today in Austin whereas literally the interstate 35 on one side of the street has different rates than the other. Literally on one side of the interstate versus the other. Those little things can show up in every market. You have to know that information before you go in blindly.
Keith Weinhold:	As you’re analyzing markets, are there really, I guess any more broad demographic trends that you see coming in the near term future. You can want to skate to where the hockey puck is going. You want to FOCUS, F-O-C-U-S, Follow One Course Until Successful. What about demographic trends whether that’s people moving to low tech, states or people moving in the central business districts and downtowns? How does that influence what you buy? What are you looking at? What are you looking for? Where are we going to go?
Ken McElroy:	It influences a lot. I mean that’s the other part that I think it’s very fun because what happens a lot of times is people chase real estate because of the price. It’s way down the list for me at least. If you just look at, for example, I know we’ve talked before about seniors, there’s a huge number of seniors that are moving to their primary homes and moving in to rentals.
	They want to have a little bit different lifestyle without that anchor on their home. You can track where they’re all going. Most of them are active. That’s one demographic. Another demographic is the millennials which are coming out of school right now perhaps or even maybe they already have or maybe they haven’t at all and they’re living at their home with their parents. That’s a huge number.
	I’ve read it could as much as 25 million people living at home right now that are under the age of 25. That’s a renter demographic. You start to see these trends show up and really what generates, I think everything is jobs. Which markets are progressive and which ones aren’t. You start to look at cities, even counties that are shrinking and a lot of that has to do with tax and a lot of that has to do with jobs like … Obviously the one that gets used a lot is Detroit.
	Detroit after the cars, manufacturing got outsourced or anything that’s based manufacturing is generally shrinking. Although that I think it’s starting to make some moves back the other way, now you’re starting to see all the tech popup, right? Austin is tech. Silicon Valley of course is all tech but there’s also little other areas that are all competing for tech right now and so those are all good things to watch. Once you figured that out, then the real estate, then you realize that there’s demand in a market, that’s how you invest. You don’t do the other way around and hope.
Keith Weinhold:	You don’t hope and you typically don’t start with a property either. You usually finish up with the property when you’re looking at invest it rather at analyzing a real estate market.
Ken McElroy:	Right. Hope is not a good strategy.
Keith Weinhold:	Never has been, never will be. We’re talking about demographic trends and where people are moving to and people need jobs and jobs produce incomes and that’s largely a residential base phenomenon we’re talking about there. Do you see any, I guess sectors within real estate that are good to exploit in the next five to 10 years other than residential whether that’s self-storage or mobile home parks or a luxury real estate or resort real estate or efficiency apartments for millennials? What’s a good place to focus on there to profit?
Ken McElroy:	The answer is yes on all those things. I’m actually in the process of looking at self-storages. We’re actually building one. We have some in Escrow. I’ve looked at mobile home parks. We have a lot of land. I’ve done condos. We’ve done single family. Primarily we’re known as apartment guys. I just bought an office building about six months ago in Scottsdale.
	I’m looking at all kinds of things I guess is the point. Again. I don’t think you should be all in, in one sector but I think you should understand it. They all have different kinds of … They're all different. As an example, if you think about it, office buildings are in trouble right now because online retailing, online retail. Retailers are in trouble. If you look, there’s an article that came out in the national real estate investor magazine that talked about some very big stores are going out of business right now.
	In Scottsdale here which is growing incredibly. We had Barneys go out of business in the last month which is at our big Scottsdale fashion mall and Barneys is a big national retailer. You start to look at these companies that are struggling with online retail. I don't know about you but my wife, we have more Amazon boxes showing up at our house from Nordstrom and all kinds of stuff. That’s how she shops now.
	I think it’s common sense. If you start to look at those kinds of things, then you start to realize maybe I shouldn’t go into retail or malls. Malls are in trouble right now and office buildings are also potentially in trouble for that reason but not all office building. I bought an office building in Scottsdale and the sizes are 1,500 to 2,500 square feet and there’s like 20 tenants.
	Their insurance agents, their CPAs, their lawyers and things like that that aren’t going to be affected at that level. People painting a broad brush and they say, “Oh, office buildings are bad or retail is bad or self-storage is bad,” but it’s not. You just have to look at where it is and is there an under demand or an over demand. I bought land five, six, years ago and everybody thought we were crazy but now that land has doubled in price.
	We have the option now to sell it or build on it, both are good options and I’m not sure which we’re going to do. You just got to watch. When everybody is running to the hills, prices are going down, that’s when you want to start to take a look at those things but even then, it’s not necessarily always a good price and a good deal. You just got to be careful.
Keith Weinhold:	Yeah, that’s right. Just like the answer is to most real estate questions. It depends. The answer to most real estate questions is more than one sentence long.
Ken McElroy:	People really get frustrated with that answer and I get it. They want the answer. They want to know my situation is different. They all think that their situation is different. They want the quick answer. It can’t be that way. Just even in your community, in anchorage, you guys have gone through ups and downs in your own community for tourism and fishing and all that kind of stuff, and oil. I think as things happen in different communities around the country, you just got to pay attention to it and try to be in front of it.
Keith Weinhold:	That’s actually interesting when you’re a real estate investor, it just seems like at least one third of the USA Today articles you read, you can tie in to what you can do and what you can invest in yourself. That might be insider information in stocks but you can use every bit of that as a real estate investor.
Ken McElroy:	I think that is a great, great analogy. I actually did a seminar once where we opened up a newspaper in front of the room and we went through it. We said, this is how this article affects real estate. This is how this article affects real estate. This is how this article affects real estate whether it was a downsizing of an employer or an upsizing of an employer or a merger or in interest rates or bank closures or property openings or whatever. I’m telling you, you can open any business journal or any newspaper and most of the articles in there will have some kind of an influence on real estate.
Keith Weinhold:	I believe every bit of that could be true. Ken, by this point, you’ve really amassed so many books that have sold well. I mean you’ve really been one of the more I think prolific contributors to real estate investing education and financial education today. One of the ways you contributed is something I’m very familiar with because I’ve been a long time subscriber myself and that is your video series, Kenflix. Tell us about Kenflix.
Ken McElroy:	Thank you by the way. What happened is the books for me where not planned. Robert became one of my investors, Robert Kiyosaki and then he asked me to write some books on what I do. We donated all our money to charity for all our books. All the book sales all go to our nonprofit and then get distributed out to cystic fibrosis and autism and I think we have 25 charities that we support.
	What was happening when the books came out, the emails and you can imagine we’re just pouring in. They’re all good people, really good people asking very good questions. There is just no way I could keep up on it. I mean literally my system will put them into a file and the problem was I would email somebody back. I tried to work this into my work and I just couldn’t.
	I would email somebody back and then they have to two or three more questions back which is totally fine. I get it. What I started to do was just take all those questions and the do videos because it’s a lot easier. Also I found that a lot of questions were similar. Not all of them but a lot of them were very similar. The whole idea behind Kenflix was to … It still is. It’s entirely the questions and the videos that I have on there is information that I get from people asking questions. It’s not really something that I thought about it, it’s actually entirely driven by the questions that people have.
Keith Weinhold:	It’s nice. I don't know if they're giving you all the content but they’re giving you leads about the content that they want to hear about back. You’re ahead of me. I continue to get more and more questions mostly through email with Get Rich Education and I know I sure cannot respond to all of them and I feel a little bit bad sometimes but your videos are really well done.
	I got to admit, sometimes I watch those videos, a lot of times you have a big easel and a big pad of paper or you’re demonstrating things. I get a couple of ideas from my show. I’m like, “Oh, I haven’t talked about that on my show yet and I really like the way Ken described that visually in the video so Kenflix is totally worth checking out.
Ken McElroy:	Thanks a lot. It’s been a lot fun. The other part that’s been great for me is for my time, we get all the emails from all the people and then we go through them and I’ll go into the studio for three or four hours and I’ll knock out maybe 15 of them. It’s just really nice to be able to accommodate what people want. Direct everybody in one location and also just to help.
Keith Weinhold:	Kenflix, that’s K-E-N-F-L-I-X.com or you can check out ken’s video series. That’s great. Ken, how can our listeners find out more about you?
Ken McElroy:	Either Kenfllix, K-E-N-F-L-I-X or KenMcElroy.com K-E-N M-C-E-L-R-O-Y or our company website is MC Companies, that's M-C-C-OM-P-A-N-I-E-S.com. We’re pretty efficient on getting back to people and happy to answer any questions we can.
Keith Weinhold:	Ken McElroy. Thanks for coming back on to Get Rich Education.
Ken McElroy:	Thank you, Keith. Great chatting again.
Keith Weinhold:	One of the more fun chats with Kenny there. Now, you understood this from earlier right. Now, let’s just say that you’re given $10 million. That’s your liability. You’ve just been given a job. Dealing with that $10 million is your problem. That doesn’t exactly feel like a problem to you. Say that you are the bank and you need to pay a depositor 1% interest on that $10 million, your problem is that now you’ve got to make $100,000 a year in interest payments on that. Therefore, you must, you absolutely must find an investment that pays more than 1% per year because you can’t dip into the $10 million principle.
	As a bank, what you do is you go ahead and make a 4% interest rate loan to someone like a real estate investor like me to solve your problem. Now, your profit is the 4% interest rate loan that you made to me minus the 1% that you’re paying your depositor and the spread, that 3%, that's your arbitrage.
	Annually, you're profiting 3% on that $10 million deposit. Now, you transfer the problem to me is what you’ve done because now, I need to pay the 4% interest rate over to you. What I do to solve my problem, I do what you, the bank just did. What I do is I go buy an apartment building with the $10 million that I got from you. That apartment building yields an 8% cap rate, we’ll just say, so 8% minus the 4% interest rate and now I have a 4% arbitrage myself so I beat the banks by doing exactly what banks do.
	I borrow at a bank for a lower rate and invest it at a higher rate which I will do all day and you know, I’ve got to credit GRE listeners for doing the same thing. You, yes you are acting by purchasing cash flowing turnkey real estate. Turnkey means that you’re buying the property already tenanted, already renovated, already under management and typically warranted for you too. These properties should provide you with passive income from day one.
	GRE listeners have scooped up dozens of homes from that extraordinary provider, Mid South Home Buyers in Memphis, Tennessee. That’s it. midsouthhomebuyers.com and for more opportunities in markets outside Memphis GRE listeners are subscribing to our newsletter at getricheducation.com.
	You have been an action taker by purchasing properties through the webinar link that we send out in our newsletter. You’ve been buying turnkeys in Philadelphia, Chicago, Kansas City and Indianapolis. With those free newsletters, I only have a webinar link sent out every one to two months. I don’t blow up anyone’s inbox with too many newsletters, I only send out information on opportunities when I feel like I have something of real value to provide to you.
	Subscribe to that free newsletter yourself simply by visiting getricheducation.com. Special thanks to Rich Dad advisor, Ken McElroy today. Sincere thanks to you for joining me today. Next week, you’re going to meet a real estate entrepreneur and she has such a fantastic creative system for increasing her cash flow on her buy and hold real estate that I just had to bring it to you because you can use the same technique too. Until then, you might quit your day job but don’t quit your day dream.
Speaker 7:	You’ve been listening to Get Rich Education. Telling you what the wealthy won’t tell you about real estate and investing. If you enjoy the show, please take a minute to visit iTunes and leave your comments.
Speaker 8:	Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax legal real estate financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have a potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.

Direct download: GREepisode86.mp3
Category:general -- posted at: 4:00am EDT

Fri, 27 May 2016

#85: If you want more property, not less, you’ll structure your financial life to leverage more income property loans for yourself.

Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in north Texas, talks down payments, debt-to-income ratios, credit scores, reserves, the overall lending environment, Refinancing vs. a 1031 Exchange, HELOCs and more.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

04:11 The last housing crash was primarily due to irresponsible lending practices.

05:18 We’re talking only about about 1-4 unit income property loans today, not primary residences.

06:02 The mortgage industry is preparing to loosen lending guidelines.

09:22 Reserve requirements - 100% of retirement assets count, up from 60%.

10:48 How to use the lowest down payment possible on a conventional loan.

11:39 Minimum down payments: 20% on single-family homes, 25% on 2-4 unit properties. Credit score requirements.

14:16 Debt-to-income ratio.

15:46 HELOCs - Home Equity Lines Of Credit.

18:37 Interest rates are about ½% higher for income property than primary residences.

19:30 Minimum loan amounts.

21:21 Are Interest-Only loans coming back?

24:48 With your equity buildup, should you do a Cash-Out Refinance or a 1031 Exchange?

28:00 Seasoning, gifts.

29:07 Rapid Rescore.

30:46 LLCs.

33:48 Must a husband and wife both be on a loan application?

34:57 Financing 10 to 20 properties.

36:25 FHA loans.

42:30 Back in 2006, this is how loose and easy lending guidelines were.

44:00 Keith recaps some takeaways from today.

Resources Mentioned:

Graham Parham or 855-326-6802

Texas Investor Loans

84: Robert Kiyosaki | The Rich Don’t Work For Money | Rich Dad Poor Dad Author | Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Direct download: GREepisode85.mp3
Category:general -- posted at: 4:00am EDT

Fri, 20 May 2016

#84: Robert Kiyosaki is our guest today. He tells us about his friendship with Donald Trump, why he’s buying oil, discusses the four types of intelligence, and tells us about his long-predicted Economic Crash.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:24 Kiyosaki has influenced Keith’s investing thoughts more than anyone else.

04:17 A 401(k) is not a good investment. Why not? It doesn’t pay you. You pay it.

06:46 The words you use help define the life you live. Examples: “cash flow” vs. “budget” and “saving money” vs. “getting liquid.”

09:54 “Rich Dad, Poor Dad” meaning, and global reach.

19:36 What Kiyosaki learned from Donald Trump.

22:04 Four types of intelligence: IQ, EQ, PQ, SQ.

24:25 Savers are losers. Why would you save money?

25:24 Economic Crash of 2016?

27:54 Robert has lost money in business, but not in real estate.

30:05 How to invest $100,000 today.

33:38 Kiyosaki is buying oil.

36:50 Giving to others.

38:00 Good Debt vs. Bad Debt. Fiscal vs. Economic.

40:38 Studying and learning leads to winning at investing.

42:09 QE, Inflation, and Gold.

46:53 Interview recap.

48:21 Instead of saying “It Can’t Be Done,” ask “How Can It Be Done?”

51:09 Don’t live below your means, expand your means.

Resources Mentioned:

Rich Dad, Poor Dad

Rich Dad Website

The Real Estate Guys Investor Summit At Sea

83: Go Big: Apartment Building Investing with Michael Blank of BiggerPockets Money Podcast: How to Invest for Financial Freedom

Direct download: GREepisode84_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 13 May 2016

#83: When should you turn your little green rental houses into a big red apartment building?

Keith and Michael Blank from Bigger Pockets discuss this.

Get profit-boosting tips on both buying apartment buildings, and syndicating them.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:38 Would you rather have 40 single family homes or 40 apartment units?

05:04 Tenant mix.

10:00 Michael transitions from the pizza restaurant business into raising money for real estate.

11:58 Running out of money is not your problem. It’s your opportunity.

12:31 RE Investor vs. RE Entrepreneur.

13:25 For syndicators, it’s easier to find the money than the apartment deal.

14:52 How do you find “the deal” today?

15:55 How do you get your offer accepted in a competitive climate?

21:26 Panama coffee parcel discounts up until June 30th.

23:32 Ways to increase a property’s NOI and cash flow.

28:06 Valuation advantages of apartment buildings over smaller properties.

29:14 How to get started in apartment building investing.

33:05 Mentally moving yourself from an RE Investor to an RE Syndicator.

34:32 Real estate problems and lessons. Michael’s worst deal turned out well.

39:30 In life, “Be Intentional.”

43:20 Keith's take on some expenses that apartment investors fail to consider.

Resources Mentioned:

TheMichaelBlank.com/GRE - Get Michael’s free e-Book. “The Secret To Raising Money (To Buy Your First Apartment Building)”.

Rich Dad, Poor Dad - Life-changing Robert Kiyosaki book cited by Michael.

Get a Proof Of Funds letter for $5 - https://cogocapital.com/lp/home/get-a-proof-of-funds-letter/

Loopnet.com | Ccim.com | Ten-x.com - Resources for apartments, deals, and brokers.

CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

Coffee@GetRichEducation.com - Send an e-mail here for coffee parcel discount.

MidSouthHomeBuyers.com - Top-Notch turnkey rental property in Memphis, Tennessee.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Want a free GRE logo decal? We’ll send you one if you write a podcast review! Here’s how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

Direct download: GREepisode83.mp3
Category:general -- posted at: 4:00am EDT

Fri, 6 May 2016

82: How To Buy An Income Property: Step-By-Step

#82: Your offer is accepted, your Earnest Money goes into to escrow, then your property has an Inspection, Appraisal, and more - all the way to closing.

We discuss those steps, tell you what your action items are, and discuss how long the income property-buying process takes.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:00 Robert Kiyosaki will be our guest in two weeks.

04:11 Why we’re embarking on the best decade ever for income property investing.

05:41 Why would anyone sell you a cash-flowing property? Many reasons given.

11:59 How to identify a winning income property: RV Ratio, eliminate your emotion, turnkey buying.

17:48 Investors get excited by the next deal. Remember to protect what you have.

19:20 What your Mortgage Loan Officer needs from you. Pre-approval letter.

20:22 Can you negotiate the property price with turnkey providers? Yes.

21:15 Submitting your Earnest Money.

23:03 Get a professional Property Inspection. What to expect.

27:17 Your Property Management Agreement.

28:21 Property Insurance.

29:18 Get a relationship with your Property Manager.

31:42 Your Property Appraisal.

33:23 Mobile Notary.

35:42 Real estate’s lack of liquidity contributes to its price stability.

36:14 You need to act. You won’t make money from the property that you don’t own.

Resources Mentioned:

CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

MidSouthHomeBuyers.com - Top-Notch turnkey rental property in Memphis, Tennessee.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode82_01.mp3
Category:general -- posted at: 4:00am EDT

Fri, 29 April 2016

81: The Millennial Perspective with Sean Gray

#81: At age 22 he was broke, clueless, and sleeping on the floor of a small home with ten other broke college guys. Then Sean Gray started to ask himself better questions.

Within six months, he was making $10K+ per month, travelling the world, meeting his business heroes and “being who he is becoming.”

Today, at just age 24, he’s an author, speaker, international real estate investor, business owner, and Rich Dad Education rep.

Sean is the son of The Real Estate Guys’ Russell Gray.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

03:12 Sean Gray Interview begins.

04:50 Sean’s father taught him how to think, and how to ask himself better questions.

07:10 Being unemployable.

08:37 Did Sean get any financial education in high school or college?

10:37 Sean’s top three keys to success: 1) Change how you think. 2) Get a mentor. 3) Change the people you’re around.

11:53 Sean’s income comes from sales.

13:00 How Sean was introduced to Rich Dad Education.

16:45 How does Sean answer the question: “What do you do?”

17:56 “Start retired. Don’t live to get paid; get paid to live.” - Sean Gray

22:16 Why real estate?

26:42 One must unlearn before they can learn. 401(k)s and home equity.

29:31 Changing from scarcity to abundance.

31:50 Most people don’t even know what they want in life. They want freedom.

35:15 Can technology and Millennial entrepreneurship save us from an economic crash?

Resources Mentioned:

RealWorldMasters.com - If you want to escape The Rat Race, check out Sean Gray - especially if you’re a Millennial.

Books: “Rich Dad, Poor Dad” by Robert Kiyosaki | “Turning Pro” By Steven Pressfield | “Outwitting The Devil” by Napoleon Hill

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Want a free GRE logo decal? We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com We’ll send you a GRE logo decal.

Direct download: GREepisode81_01.mp3
Category:general -- posted at: 4:00am EDT

Fri, 22 April 2016

80: Make Wheelbarrow Profits in Real Estate Investing

#80: Think you lack the time to invest in real estate? Consider Gino Barbaro.

Gino is a husband, father of six, longtime former restaurant owner, and controls $32M of property along with his business partner, Jake Stenziano.

They’re the two authors of “Wheelbarrow Profits: How To Create Passive Income, Build Wealth, and Take Control Of Your Destiny Through Multifamily Real Estate Investing.” It shows you dramatic, actionable ways that Jake and Gino increase property cash flows.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:20 Robert Kiyosaki will appear here with Keith next month.

03:57 GRE has a new Recommended Reading List: GetRichEducation.com/Read

04:48 What Keith dislikes about one popular RE investing book.

07:40 Millionaires are not wealthy. You heard that right.

08:46 Guest interview begins.

15:30 Business partnerships - what makes them work?

19:50 Wheelbarrow analogy - Two legs: buying & financing. One wheel: managing.

26:02 How to identify a building for “wheelbarrow profits.”

30:15 Here’s how to find a “motivated seller.” That’s where the deals are.

31:19 Increasing property NOI and cash flow with “repositioning” within two years.

36:10 Negotiation tips and strategy. Gino shares the emotional roller coaster of dealmaking.

42:48 What you must do when you take over a building that you just purchased.

46:28 How to fill a vacant unit quickly.

Resources Mentioned:

JakeandGino.com - Website of today’s guests.

Wheelbarrow Profits - Amazon book page.

RentOMeter.com - Find local market rents.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode80.mp3
Category:general -- posted at: 4:00am EDT

Fri, 15 April 2016

79: How To Achieve Financial Freedom with David Campbell

#79: To be financially free, you must convert your equity into cash flow. Here's how.

When you have money, are you led to temptation and “buy high”? When you need money, are you tempted to “sell low?” Learn how to break that behavior.

Financial freedom through real estate recently enabled our guest to move from urban California to an Oregon farm.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:50 Financial freedom via real estate enabled David to move from urban California to an Oregon farm and orchard.

06:35 Once you know your “compelling why” it will embolden you. You act.

09:39 Quit trading your time for money.

12:53 Your Personal Investment Cycle versus the Market Cycle.

14:53 The essential investor resources of cash, cash flow, equity, credit.

17:17 Investing for profits vs. investing for wages.

22:30 What to do when your personal investment desires don’t match with market cycles? Buy high? Sell low? No.

25:02 Keith and David don’t invest much in the stock market; but here’s why they watch it.

28:25 Low interest rates continue to be a great opportunity. Here’s why.

36:10 Cap rate minus interest rate equals your profit.

41:06 A cash dollar is different than an equity dollar.

Resources Mentioned:

HassleFreeCashFlowInvesting.com - David Campbell’s videos, blog, webinars, opportunities, and investor resources.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode79_1.mp3
Category:general -- posted at: 12:00pm EDT

Fri, 8 April 2016

78: Why You've Changed As An Investor

#78: You’re a better investor today than yesterday. Here's why you’re going to be an even better investor tomorrow.

How the $15 minimum wage will enrich you.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

00:57 Why you - and everyone - is an investor.

02:15 Do you pay cash for a car or instead do you get a car loan?

06:40 In business and real estate investing, the product is often least important thing.

08:28 People, process, and product.

13:40 Stereotypical wealthy-sounding names.

18:48 Why it’s difficult to anticipate stock market movement.

21:07 Why a $15 minimum wage is good for you.

Resources Mentioned:

“The Profit” TV show with Marcus Lemonis.

City-Data.com | BLS.gov | NeighborhoodScout.com - For real estate market research.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

MidSouthHomeBuyers.com - Cash-Flowing turnkey real estate in Memphis, TN.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode78_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 1 April 2016

77: Passive Real Estate Investing Blueprint with Marco Santarelli

#77: “Passive” means you don’t have to work actively in real estate in order to profit. But “passive” still means “involved.”

Our guest is Norada Real Estate Investments’ Marco Santarelli. Norada offers you turnkey real estate investments in multiple US markets.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:57 Listen to people whom were investing in real estate during the 2008 & 2009 Financial Crisis like Keith and Marco. They understand harder times.

03:28 Marco Santarelli interview begins.

08:58 Turnkey real estate defined. What to look for in a profitable passive investment.

13:40 Shortcomings of turnkey and passive real estate investing. You still need to do your due diligence.

14:35 Why Keith thinks turnkey real estate investing is in a “sweet spot” of ROI and control.

17:37 What’s your time worth?

19:41 10 Rules For Successful Real Estate Investing.

36:33 Should the turnkey seller and the property manager be in the same company?

38:31 Always get a home inspection.

41:30 Linear, cyclical and hybrid markets.

42:29 The best U.S. geographic markets today for buy-and-hold real estate investors.

43:55 Rent-To-Value ratios of 0.9% to 1.2% today.

45:00 Is turnkey RE investing too good to be true?

Resources:

PassiveRealEstateInvesting.com - Free investor education from Marco Santarelli.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

Robert G. Allen's Amazon books page

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode77_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 25 March 2016

76: Wire Your Mind For Knowledge

#76: Your #1 investment is your own education. Discover how to retain more of what you learn as an investor.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:10 People will pay you 30% of their income to live somewhere.

04:38 Affordability will be a problem for future renters.

06:14 Robert Kiyosaki.

07:55 Cone Of Learning.

10:20 A brand new way for you to learn.

11:50 You need to get on the coin’s edge.

13:20 Why you need information, not mere affirmation.

15:37 Keith just did something many would consider crazy.

17:45 Be the worst investor in the room.

18:24 Jim Rickards’ interest rate prediction.

19:40 Self-directed IRAs.

21:39 Tom Hopkins: Why you need to be a master asker.

24:06 Why agricultural RE investing is a great opportunity.

Resources:

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

GetRichEducation.com/Coffee - Get the free report on cash-flowing coffee farmland, with parcels titled to you.

Fiverr.com | Upwork.com | HireMyMom.com - Where Keith outsources his tasks.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode76_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 18 March 2016

75: $10,000 Takeaways from The Summit At Sea

#75: Keith returned from the annual Investor Summit At Sea. Get the cutting-edge recap on topics from apartment building financing to gold to market predictions.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

03:27 What to avoid in forming a real estate partnership.

05:23 Insiders and thought leaders think the U.S. is headed straight to recession.

07:06 Jim Rickards recently stated that there will be no more QE & how that affects you.

08:58 The U.S. government’s #1 asset is student loan debt.

10:24 Negative interest rates are coming to the United States.

11:04 What do negative interest rates mean to you?

18:45 Keith and a faculty member’s discussion about real estate and gold.

21:20 “White guys buy bonds. Asian guys buy gold.” -Robert Kiyosaki

21:53 Sunken ships.

22:40 People have predicted the end of the world since the beginning of the world.

24:22 Apartment building financing today.

27:15 What is a “non-recourse” loan?

Resources:

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode75.mp3
Category:general -- posted at: 4:00am EDT

Fri, 11 March 2016

74: Why You Have To Jump

#74: Stop saving money for the long-term; it is not serving you. 401(k)s are awful.

To ultimately fulfill yourself, here’s why you need to jump.

Steve Harvey “Jump” clip played.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

00:57 Stop saving money for the long-term.

01:21 When he was 12, Keith opened his first bank saving account.

04:18 There are so many things wrong with the 401(k).

06:25 Good news about your ROTI.

07:55 The most important investor question to ask yourself.

13:30 Steve Harvey “Jump” clip.

20:45 Passive real estate income as your parachute.

21:14 Keith’s jump. He had fear about starting the GRE podcast.

Resources:

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode74.mp3
Category:general -- posted at: 4:00am EDT

Fri, 4 March 2016

73: Tom Wheelwright | New Tax Changes Affect Real Estate Investors | WealthAbility™ for CPAs

#73: Rich Dad Advisor Tom Wheelwright actually makes taxes fun!

Tom advises us here in tax season about tax changes, presidential candidates’ tax plans, 1031 Exchange, RE Professional designation.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:20 To have something different, you need to do something different.

01:39 The five ways your paid as a real estate investor.

05:54 Tom Wheelwright interview begins.

07:02 Every RE Investor should know about the Section 179 and 263 deductions because we can make more write-offs in one year, instead of over a number of years.

11:07 What you can do if you’re about to acquire property for the best tax advantages.

13:02 Is the 1031 Exchange going to disappear? Social Security tax cap.

16:15 The Carried Interest Rule.

18:30 Presidential candidates’ tax proposals and promises.

24:25 A flat tax hurts RE investors.

24:50 Ordinary Income Tax rates vs. Capital Gains taxes.

26:10 How the Real Estate Professional designation helps you.

30:14 The best tax advisor firms are proactive. They anticipate.

Resources:

ProvisionWealth.com - Tom Wheelwright’s tax and wealth strategy firm.

Tax-Free Wealth book - Tom Wheelwright’s great book, which Keith owns.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode73.mp3
Category:general -- posted at: 4:00am EDT

Fri, 26 February 2016

72: How To Manage Your Property Manager with Kassandra Boltman

#72: Most RE investors want their income to be passive - meaning you don’t have to work for it. Then you need a Property Manager. Knowing how to “Manage The Manager” is key.

Our guest, Kassandra Boltman, understands this as she’s a longtime and current Professional Property Manager, Investor, and Educator.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:29 Keith brings you this week’s show from Miami, Florida.

01:36 Before you learn, you need to “unlearn” these myths.

02:37 401(k)s are awful.

03:30 Compound interest? Einstein was wrong about it.

12:24 One of Keith’s biggest mistakes was self-managing for too long.

13:09 Property Managers (PMs) do so much more than collect rent.

13:42 Kassandra Boltman interview begins.

17:32 Most PM companies are “Mom and Pops.” How is a PM franchise different?

19:16 MLS lockboxes.

21:42 Communication between a PM and investor strategic planning.

23:15 Capital improvements vs. repairs.

24:54 Routine property inspections.

26:48 How to get tenants to treat property with respect, and stay longer.

32:15 PM fee structures - how to avoid getting ripped off.

34:41 How to avoid getting ripped off from PM “overmaintenance.”

35:33 Tips to increase occupancy.

39:05 How to add value to a property.

40:34 Pet policies and rental units.

43:40 PM reporting to you as the investor.

Resources:

RPMLastFrontier.com - Kassandra & Erik Boltman’s Property Management company. Contact: (907) 268-4776 or kassandra@rpmlastfrontier.com

Kassandra’s book “Pain Or Profit - Secrets Of Profitable Rental Property Investors”

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode72_2.mp3
Category:general -- posted at: 4:00am EDT

Fri, 19 February 2016

71: Daniel Amerman | What Could Cause A Housing Crash?

#71: Chartered financial analyst, author, and speaker with an MBA in finance, Daniel Amerman discusses causes of a financial crisis.

As a former real estate investing analyst, he relates today’s macroeconomy to real estate investors.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:55 Why Keith is a student along with you today.

03:28 Enhancing your podcast listening experience - compressed file size, time stamps.

05:33 Daniel Amerman interview begins.

07:08 The economic challenges in today’s environment.

08:04 Financial Repression is government dominance over markets.

11:31 Ways our government gets rid of its massive debt: default, austerity, high inflation, or low interest rates.

14:47 Inflation is still punishing savers.

17:27 Why can’t the U.S. just keep running up even more debt?

21:23 Daniel Amerman’s thoughts on how Keith secures loans.

23:48 What’s coming - inflation or deflation?

30:18 Would deflation lead to a housing crash?

33:07 Will the Fed “save the day” if we tip into deflation?

37:25 Triggers of a housing crash - what to look for.

39:50 How to profit yourself by aligning your interests with government policy.

Resources:

DanielAmerman.com - Daniel Amerman’s website. Free resources.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode71.mp3
Category:general -- posted at: 4:00am EDT

Fri, 12 February 2016

70: Real Estate Due Diligence Deep Dive with Frank Gallinelli

#70: Our guest teaches real estate investment analysis to graduate students at Columbia University.

He wrote the popular book “What Every Real Estate Investor Needs To Know About Cash Flow.” His new video-based course is found at: learn.realdata.com.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:46 Novice investors have awful reasons for why they own rental property.

03:48 Assume that a seller pro forma is a lie.

04:17 Frank Gallinelli interview.

05:28 In RE investing, pretty buildings hardly matter.

10:52 How you evaluate a RE investment’s worthiness.

13:20 Your property is only fourth in importance to you.

14:12 Your income stream.

17:20 Emotions have no place in income property investing.

18:09 Lease structures influence on property values.

20:18 Common mistakes made by novice investors.

24:22 Snow removal, bookkeeping, HVAC maintenance.

28:28 Time value of money.

30:52 How much to offer for an income property.

33:25 Due diligence outside the raw numbers.

36:05 Projecting future property value.

39:45 Why are cap rates different across the U.S.?

43:05 Software to help investors make projections.

Resources:

RealData.com - Real Estate Investment Software by Frank Gallinelli

Learn.RealData.com - Video-based course by Frank Gallinelli

What Every RE Investor Needs To Know About Cash Flow - Frank’s popular book

InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode70.mp3
Category:general -- posted at: 4:00am EDT

Fri, 5 February 2016

69: Rental Boom, Housing Demand, and Market Trends & Crashes with Kathy Fettke, host of Real Estate News: Real Estate Investing Podcast

#69: Kathy Fettke chats with Keith about what’s happening to real estate and investing in today’s economy.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:14 Keith’s properties were shaken by a magnitude 7.1 earthquake.

05:18 Kathy Fettke relates the 2008 recession to what’s happening today.

11:58 Tame inflation today.

14:01 Is a U.S. recession coming?

15:55 Demographic shifts.

20:25 Rental boom, followed by a housing boom.

24:10 Stock market crash prediction.

26:06 Farcical job growth.

27:56 Fed Rate hikes are nonsense in this economy.

29:54 Where’s the best place to park your money?

34:23 Best geographic areas for RE investing.

37:48 “San Francisco is going to get hammered.”

38:23 Single family home investing.

42:20 International Coffee Farms - A cash-flowing, hard asset uncorrelated with U.S. markets.

Resources:

RealWealthNetwork.com - Kathy Fettke’s website.

InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode69.mp3
Category:general -- posted at: 4:00am EDT

Fri, 29 January 2016

68: Best Real Estate Websites & Apps with Seth Williams of The BiggerPockets Real Estate Investing Podcast

#68: Seth Williams of The Lighter Side Of Real Estate and Bigger Pockets joins Keith to tell you about the best websites & apps for real estate investing, wealth building, and productivity.

Seth's website is REtipster.com

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:10 You’ll experience bumps on the path toward where you want to be.

04:00 Seth Williams joins Keith.

08:05 Some investor thoughts on the Grand Rapids, Michigan real estate market.

12:27 Some of Seth’s favorite investor resources.

28:55 Some of Keith’s favorite investor resources.

35:38 Real estate intersects with so many other disciples, that there’s no single “go to” resource.

Resources:

REtipster.com - Seth Williams’ investor resources.

EyeJot.com - Send video messages.

AgentPro247.com - Generate lists of motivated sellers.

Google Earth - Global maps & aerial photos.

Zillow - Residential property info. and pricing.

WeGoLook.com - Hire people to look at your more distant properties.

SquareSpace.com/Logo - Generate a quality Logo quickly & inexpensively,

USLegal.com - Legal forms and property rental forms. State-specific.

RingCentral app - Dedicated phone number for your business - calls, texts, faxes. Free.

Pro HDR app - App for beautiful photography. Costs $1.99.

HomeClick - Property improvement hardware.

Landlordology - Rental advice, tips, resources.

Lighter Side of Real Estate - Laugh a little!

Bls.gov and City-Data.com - Economic and real estate market research.

NeighborhoodScout.com - Market research specifically geared to RE investors. Monthly fee.

HomeSnap app - Take a photo of the outside of a home, see photos of the inside of a home!

Property Tracker app - Real estate market and demographic detail.

Property Evaluator app - Do a quick APOD or P&L in under five minutes. See how the property cash flow.

Landlord app - Property management on-the-go.

DocuSign - Send & sign documents remotely.

Loopnet.com - Commercial real estate searches, includes some residential.

Dropbox - Slick, easy file-sharing app.

Mortgage Calculator app - Estimate monthly mortgage payments.

OpenFolio.com - Share & compare yours’ and others’ portfolios.

Kitco app - Slick app for up-to-the minute precious metals price charts.

BullionDesk.com - Another minute-by-minute precious metals pricing source.

InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode68.mp3
Category:general -- posted at: 4:00am EDT

Fri, 22 January 2016

67: Atlanta Market Profile with Ken Corsini of HGTV Flip Or Flop

#67: Ken Corsini of Georgia Residential Partners profiles Atlanta, Georgia - a large, investor-advantaged cash flowing real estate market.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:21 A sharp stock market fall in the first month of this year has investors shaken up.

02:50 Some of Keith’s favorite investing books.

03:17 Rich Dad Advisors.

05:00 Atlanta geography and history.

05:56 Ken Corsini interview begins.

07:00 Atlanta population and economy.

08:44 The location of Atlanta’s investor-advantaged counties and neighborhoods.

15:26 Recent appreciation rate in the Atlanta metro.

17:27 Available inventory of turnkey property.

18:51 Rent-to-value (RV) ratio, property taxes in Atlanta.

21:42 Vacancy rate, duration of tenancy, Landlord-Tenant Law.

25:02 Tenant screening.

25:57 Government-subsidized housing (Section 8).

30:48 Cash flow vs. equity growth.

33:04 Georgia Residential Partners - level of rehabilitation, guarantees, investor relations.

38:10 Where is your money? The world already has it.

Resources:

GaInvesting.com or call (770) 924-5250 for Georgia Residential Partners.

Book - What Every Real Estate Investor Needs To Know About Cash Flow by Frank Gallinelli

InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode67_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 15 January 2016

66: Wire Your Mind For Wealth

#66: Learn some broad approaches to getting more money for a down payment so that you can buy income property sooner.

Keith also looks at methods of acquiring passive income other than real estate investing.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:14 Real estate can build massive passive income - this is buy-and-hold real estate, not flipping or wholesaling.

03:36 Why you need to buy time, not sell time.

07:34 Focus on increasing income, not cutting expenses.

10:00 How to approach the classic “time vs. money” conundrum.

12:04 Here’s how much the average American investor lost last year.

15:28 Keith is adamant that we still have inflation today.

16:28 Here’s how wealthy people choose their friends.

24:51 The next episode features an Atlanta Market Profile.

26:28 “How To Win Friends and Influence People”

32:12 Your network determines your net worth. Mastermind groups.

33:09 This is what broke people (broke mindsets) say.

34:03 Want to accumulate liquidity faster? Don’t get a part-time job. Do this instead.

35:58 Passive income from real estate versus: patent royalties, trademarks, original works of art, stock dividends, etc.

37:40 When you were a kid, your parents never told you, “Don’t be broke.”

Resources:

“How To Win Friends and Influence People” - The classic Dale Carnegie self-help book

Business Insider article quoted: BusinessInsider.com/rich-people-choose-friends-2014-12

VisualCapitalist.com

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode66_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 8 January 2016

65: What’s Better? Single Family Home or Multifamily Apartment Investing

#65: There are numerous pros and cons of both Single Family Home Investing vs. Multifamily Apartment Investing. What’s better for you?

At the end of the show Keith selects which one he believes is better for 2016 and 2017.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:18 Single family homes attract better tenants than apartments. Here’s a new way to think about this.

04:16 The best investment that Keith plans to make in 2016 is next month’s Investor Summit At Sea.

09:56 Property cost.

10:19 School district.

10:53 Interest rates.

11:15 Here in 2016, it's now easier to get loans for more than 10 single family homes.

11:55 Property Maintenance, Utilities, Property Management.

14:22 Cash Flow, Location.

18:33 Tenant quality, tenant psychology, tenant turnover.

22:02 Appreciation rates in both property types.

23:00 Management fees, asset liquidity, your level of control.

26:56 Exit Strategy - your options for selling both property types.

30:09 Keith selects which property type he thinks is better in 2016 and 2017.

Resources:

GetRichEducation.com/Events - Learn about The Real Estate Guys Investor Summit At Sea.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode65.mp3
Category:general -- posted at: 4:00am EDT

Fri, 1 January 2016

64: How To Improve Your Reputation with Dorie Clark

#64: How do you build and maintain your reputation? How do you get your great reputation to advance your career? How do you repair a damaged reputation? Both in-person and online, your personal brand is more important than ever.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:45 Why you NEED a personal brand. It’s the same as your reputation.

04:30 How you develop your brand and reputation.

06:08 What do others think about you now? How would they describe you?

09:40 Can you really change “who you are” or who you were “born to be?”

11:32 How to stand out in a meeting - before you even walk in the door!

15:21 The Wingman Strategy will make you look like a star.

19;53 Your personal brand works for you like passive income.

21:25 Your virtual reputation - Google, LinkedIn, Twitter, Facebook, Instagram.

22:55 Improve your brand by creating content.

25:22 Your brand is more important today because you no longer work for the same company for 30 years.

27:28 Having zero online profile can be nearly as problematic for you as having a negative profile.

29:52 Trusted advisors help build your brand.

Resources:

DorieClark.com and DorieClark.com/Join

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode64.mp3
Category:general -- posted at: 4:00am EDT

Fri, 25 December 2015

63: Keith Weinhold interviewed by Ken Corsini

#63: Hear Keith’s latest media appearance. He is interviewed about how he got started in real estate, his investing strategy, and where Keith invests geographically.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:46 Keith brings you the show from near Philadelphia, PA today.

02:04 Be grateful this holiday season.

07:03 Keith Weinhold Interview begins.

08:22 Keith’s first-ever real estate purchase was an Anchorage, Alaska four-plex building.

09:57 To change yourself, change who you spend time with.

11:28 Don’t follow money. Make money follow you and live where you want.

12:37 How to begin exactly how Keith did.

19:40 Using equity from one four-plex to buy a second four-plex.

22:13 Real estate markets dependent upon oil.

24:00 Foreign turnkey real estate with cash flow.

33:28 Open up your time so that you can be a great investor.

36:42 Opportunity cost.

37:25 The real tragedy of self-management is that you’ve lost your time.

38:48 Be financially free, not debt free.

Resources:

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode63_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 18 December 2015

62: Tom Wheelwright | Make Your Travel & Meals Tax-Deductible; Avoid An Audit; Recent Tax Changes

#62: Rich Dad Advisor and Provision Wealth Founder Tom Wheelwright updates you about recent tax changes; provides tips for avoiding and dealing with an audit; and how to make your travel, meals and entertainment tax-deductible.

Keith brings you the show from Juneau, Alaska today.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:35 Actually, the U.S. has the best tax compliance record in the world.

06:02 Now you can lose your passport for tax non-compliance!

09:25 During audits, the IRS is becoming more difficult & invasive.

14:00 Tips to help avoid an audit. It includes: call the deduction “continuing education” rather than a “seminar.”

17:37 Why you should never talk to the IRS.

20:45 Tax actions you can take now: 1) Pay your children, 2) Home office, 3) Automobile use. 4) Accelerate income.

27:30 Making your travel, meal, and entertainment expenses tax-deductible.

34:18 “Low-hanging fruit” ways to save on your taxes.

35:32 Tom believes in focusing on an investment niche. “A niche makes you rich.”

Resources:

ProvisionWealth.com - Tom Wheelwright’s Tax and Wealth Strategy firm.

TaxFreeWealthBook.com - Tom Wheelwright’s popular book, Tax-Free Wealth.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode62.mp3
Category:general -- posted at: 4:00am EDT

Fri, 11 December 2015

61: Your Stock Market Return is 0 %. Yes, 0 %.

#61: Learn why your long-term rate of return from stocks, as measured by the S&P 500 Index, is 0%. Learn how to act to overcome this “zero-return investing.”

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:10 Keith is back in the United States for today’s show.

02:04 The S&P 500 historically returns 10% per year. Your return is 0%.

02:51 When the Federal Reserve raises interest rates, how that impacts you and your tenants.

04:50 How inflation, emotion, and fees make your stock market return 0%.

11:25 This regards the very long-term. If you plan to live for the very long-term, then this approach makes sense.

13:24 Knowledge and rationale in stock investing vs. real estate investing.

19:27 Real estate still hasn’t returned to its 2006 national price peak.

20:30 Powerful education: how 25%+ returns are common with leveraged, cash-flowing income real estate in investor-advantaged geographic markets.

25:19 Harvesting & re-deploying accumulated equity results in better RE returns in an appreciating environment.

25:56 Keith’s take: Return ON Equity (ROE) vs. Return FROM Equity (RFE).

28:02 “Market Agnostic.” You’ll often want to invest in RE outside your home market.

30:15 People invest in “out of market” stocks, but curiously they doubt investing in “out of market” real estate. That’s nonsense.

Resources:

How human emotion makes you lag the stock market:

Longer article from Wall Street Journal.

Shorter article from BP Wealth Advisors.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode61.mp3
Category:general -- posted at: 4:00am EDT

Fri, 4 December 2015

60: Own Cash-Flowing Panama Coffee Farm Parcels with David Sewell

#60: Learn how to invest in cash-flowing Panama coffee farm parcels and diversify in an asset outside the US. It’s completely uncorrelated with residential real estate.

Learn more at GetRichEducation.com/Coffee

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:00 Keith comes to you from Boquete, Panama today, where he completed a 3-day group tour for coffee farm investors.

02:00 Why coffee?

03:54 Why Panama?

04:55 The business model - it's like “turnkey” coffee farm investing.

07:11 What it’s like to walk the coffee farm plantations.

09:22 The investor crop harvest is developing ahead of schedule.

10:12 David Sewell interview begins.

14:14 Three pillars of sustainability: 1) Economic. 2) Environmental. 3) Social.

17:16 Four complete farms have now been sold out to dozens of investors.

17:34 The professionally-trained team includes a General Manager whom is an Engineer and Farm Foreman whom is an Agronomist. This team understands management of people and soil.

18:22 An on-site coffee processing mill is being added. This provides coffee traceability.

20:28 A coffee laboratory exists nearby for coffee grading and scoring.

22:12 Coffee is scored on attributes like: taste, aroma, acidity, and body.

27:44 International Coffee Farms’ longer-term goals and future.

29:28 How this investment protects you from creditors and predators.

30:58 Deeded parcel ownership for investors.

33:40 Your price per parcel and your projected ROI.

35:08 The next investor group tour.

36:16 You can invest with either cash or IRA funds.

39:09 The $500 IRA setup fee is waived for GRE listeners that register their interest (no obligation to act) at GetRichEducation.com/Coffee by Feb. 29, 2016.

40:18 This is a long-term investment. Your first investor cash flow check is typically received 12-15 months after your parcel purchase.

42:36 As an investor, ask “How am I doing good in the world?”

43:15 After the coffee tour, Keith & a GRE listener climbed Panama’s highest mountain together.

Resources:

GetRichEducation.com/Coffee - Register here to receive your free investor report, and for a $500 discount on IRA setup through Feb. 29, 2016. (No obligation to act).

scaa.org - Specialty Coffee Association of America. This is coffee’s international quality scoring system.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode60.mp3
Category:general -- posted at: 4:00am EDT

Fri, 27 November 2015

59: Memphis Turnkey Real Estate Investing with Terry Kerr

#59: Learn why buying fully renovated, already rehabbed, already tenanted, cash-flowing property in Memphis, Tennessee can put you on the path to financial freedom with Terry Kerr of MidSouthHomeBuyers.com

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:18 You want more money with less of your time invested. Today’s episode makes this actionable.

03:58 “Instead of wondering when your next vacation is, maybe you should set up a life you don’t need to escape from.”

04:22 The element of altruism in turnkey real estate investing.

06:10 An advantage of single-family home investing that you’ve likely never thought of.

07:50 Keith joins you from Managua, Nicaragua today.

11:24 Terry Kerr interview begins. He answers “Why Memphis?”

14:34 These $60K-$70K cash-flowing homes are in decent Memphis neighborhoods.

16:07 Advantages of MidSouth having both their renovation and management company under one roof.

18:04 MidSouth now has their own warehouse. This reduces maintenance costs.

21:00 Renovating to “retail standards” vs. “rental standards.”

24:06 Memphis submarkets and neighborhoods.

28:12 Single family homes often work best for Memphis cash flow.

29:17 In Memphis, tenants supply their own appliances!

31:01 In Memphis, one utility company supplies: water, wastewater, gas, and electricity.

32:30 Tenant qualification.

34:08 Occupancy is currently 98%+ in an 1,155-unit management portfolio.

35:35 Warranties and guarantees to investors.

36:30 The vital importance of property management.

38:52 Why the distribution business sector is more durable in supporting cash-flowing real estate income streams.

40:02 You’ll spend about $15K-$19K as a down payment & closing costs to invest in these cash-flowing homes.

Resources:

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode59.mp3
Category:general -- posted at: 4:00am EDT

Fri, 20 November 2015

58: Seller Financing and Creative Financing Strategy with David Campbell

#58: What is “seller financing” of real estate? Why might you want to use it?

David Campbell of Hassle-Free Cash Flow Investing is our guest today.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:14 Keith is in coastal San Juan Del Sur, Nicaragua today.

05:18 What is seller financing?

08:06 Why use seller financing?

10:08 Examples of creatively structuring a purchase offer with seller financing.

13:42 When a buyer needs to educate a seller. Hint: talk about the “benefits” to motivate the seller.

21:07 Other names for seller financing are: seller carry, carry-back financing, “subject to,” “carrying paper.”

21:58 The Due-On-Sale Clause.

23:53 What part of the market cycle does seller-financing work best in?

27:58 How do you FIND a seller-financed deal

28:49 Drawing up documents for a seller-financed contract. Use a Letter Of Intent.

30:46 Risks with this technique.

31:58 When you sell your own property, why you should offer seller financing.

Resources:

HassleFreeCashFlowInvesting.com - David Campbell’s website, full of investor educational resources.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode58.mp3
Category:general -- posted at: 4:00am EDT

Fri, 13 November 2015

57: Qualifying for Multifamily Apartment Building Loans f/ Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

#57: Keith comes to you from Little Rock, Arkansas today.

Our guest is Old Capital Lending’s Michael Becker of Dallas, TX, to tell us about originating Multifamily Apartment Building loans.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter. 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:05 Keith is in Little Rock, Arkansas this week for an investment real estate tour.

04:53 Michael Becker of Old Capital Lending appears.

06:50 Single Family Homes vs. Multifamily Apartment advantages / disadvantages.

08:57 Recent happenings in this lending space.

10:20 Loans for 5+ unit residential property are called commercial loans.

11:55 Multifamily commercial loans are primarily qualified by the asset, not the borrower.

15:48 Residential 1-4 lending is like a formulaic science; multifamily commercial 5+ is closer to an art.

17:48 Debt Service Coverage Ratio (DSC or DCR). 1.25 minimum is typical.

19:00 How much liquidity do you need for a multifamily loan?

21:12 Borrower credit scores.

24:10 Loan duration.

26:08 Balloon payments, Pre-payment Penalties, Assumable Loans.

29:26 Recourse vs. Non-Recourse Loans. “Bad Boy Carve Outs.”

31:26 Can you buddy up with friends to buy a big apartment building together?

34:38 Qualifying for multifamily property loans out-of-state.

35:49 Higher closing costs for apartment building loans

39:32 How many states does Old Capital lend in?

Resources:

OldCapitalLending.com - Multifamily / commercial lending.

SPIAdvisory.com - Michael Becker’s syndicating company.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode57.mp3
Category:general -- posted at: 4:00am EDT

Fri, 6 November 2015

56: Investment Property Loans and Mortgage Closing Costs with Caeli Ridge

#56: Learn today’s financing qualification requirements for investment property with Caeli Ridge, Owner and CEO of Ridge Lending Group.

This pertains to conventional financing of: single family homes, duplexes, triplexes and four-plexes that you do not intend to occupy.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, 2) Receive turnkey RE webinar opportunities.

Listen to this week’s show and learn:

00:52 If you want to control more property, you need good loans.

04:50 Compared to last year, are borrower requirements more rigid or more lax?

07:39 Your credit score, debt-to-income ratio, percent down payment, reserve requirement.

12:46 Qualifying for your first 4 properties is different from your 5th through 10th financed properties.

15:47 Qualifying for your 11th through 35th financed properties.

17:13 Can foreign buyers qualify? Also, LIBOR comments.

19:28 Maximizing your cash-on-cash return when structuring a financed offer.

21:21 Buying income property outside the state where you reside.

22:44 Minimum loan amount is $50,000 to $60,000.

26:10 What is a Good Faith Estimate?

27:58 Closing costs - what are they and where do they all come from?

30:58 Why you would want to pay a 2% Origination Fee rather than 1%. It’s by paying 1 Discount Point to “buy down” your interest rate.

32:55 Recording costs, transfer taxes, escrow charges, appraisal fees, processing fees.

36:02 Title Insurance

Resources:

55: The Philosophical Investor with Gary Carmell

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode56_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 30 October 2015

#55: Gary Carmell, author of “The Philosophical Investor: Transforming Wisdom Into Wealth”, is our guest today.

Gary discusses how you think about investing, interest rates, and monetary policy.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:32 A frustrated GRE listener in the Netherlands gives programming feedback.

08:11 Most real estate is a bad investment. Maverick Investor Group’s 2015 report excerpts.

13:16 Interview: Gary Carmell, author of The Philosophical Investor: Transforming Wisdom Into Wealth.

16:21 An example of transforming wisdom into wealth.

17:43 Investors get discouraged at exactly the time they should be buying.

19:56 In investing, discipline and courage often trump hard work and intelligence.

21:53 “The Munger Moment.”

24:00 You never know when a market is at the high or the low.

24:59 Real estate investing is a game of attrition.

27:18 Does Gary see a better investment class than Keith’s preferred investment?

30:14 Why institutional RE investor groups buy low yield, Class A properties.

32:46 Cap rates. Recency bias. Interest rates.

34:48 Inflation vs. Deflation.

37:08 Demographics. An aging population’s effect on world economies.

39:14 QE vs. interest rate hikes.

40:19 LIBOR and variable interest rate loans for real estate.

44:24 Arbitrage creation.

Resources:

Book: The Philosophical Investor: Transforming Wisdom into Wealth by Gary Carmell.

Gary’s website: GaryCarmell.com Company website: www.cwscapital.com

Maverick Investor Group’s report, “How To Avoid The 7 Biggest Mistakes Investors Make In The 2015 Boom Cycle” authored by Matthew Bowles.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode55.mp3
Category:general -- posted at: 4:00am EDT

Fri, 23 October 2015

54: Building You: Your Credit Score with Philip Tirone

#54: Today you are going to learn more about credit scores than you ever have. We’re joined by 720 Credit Score’s Philip Tirone.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:33 A high credit score reduces your cost of capital, and maximizes your ROI.

08:28 You can have bad credit even if you pay your bills on time.

09:04 Credit scores matter for: property loans, car loans, insurance, employment, credit cards, more. 61% of employers run your credit report before hiring you.

10:21 Why credit scoring is a monumental scam. Yes, a scam.

11:45 You can have a clean credit report, yet poor credit score.

13:45 Many credit repair companies use illegal tactics.

15:03 46% of credit cards in your wallet do not report proper information to the credit bureaus.

18:28 You need 3 to 5 credit cards.

20:20 Get credit cards that: 1) Report to all three bureaus. 2) Report the proper credit limit.

21:03 Credit card utilization ratios. American Express often behaves differently.

23:30 FICO credit scores are the ones that matter.

26:07 U.S. vs. Canadian credit scoring Other developed western countries like Great Britain and Australia are similar.

27:10 The well-known pie chart at www.MyFico.com.

28:10 Installment loans’ importance.

29:02 Credit utilization ratio “breaks” at 100%, 90%, 70%, 50%, 30%, 10%, and 0%.

31:57 Credit inquiries and how much they matter; controlling credit report errors.

33:50 If your credit score is already above 720, you could still be brought down by one error.

34:55 Collections.

36:42 Get free credit reports (not scores) annually here: AnnualCreditReport.com

40:00 Why banks lack motivation to help you improve your credit score.

Resources:

720CreditScore.com - Philip Tirone’s company that helps clients rebuild their credit.

MyFico.com

AnnualCreditReport.com

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode54.mp3
Category:general -- posted at: 4:00am EDT

Fri, 16 October 2015

53: Building You: What’s Your Income and Cash Flow?

#53: Your income and cash flow tell you about yourself and your allocation.

What proportions are active, earned, and passive income? Where are you vulnerable?

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:45 Most people’s #1 cash flow source is their work-a-day job. But they’re trading their time for dollars.

04:02 Here’s how to best determine your cash flow. Cash flow is simply income minus expenses.

05:54 Current U.S. median household income, Top 10%, and Top 1%.

10:02 You need cash to function in an economy, not equity.

11:32 How you can have a negative net worth, yet be financially free.

15:25 Trace your personal cash flow to different industry sectors.

22:04 “Budget” is almost a swear word.

25:07 Turning equity into cash flow.

28:14 “Retirement calculators” don’t work for real estate investors.

32:12 The Outsourcing Myth.

Resources:

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode53_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 9 October 2015

52: Building You: How Much Are You Worth?

#52: Financially, how much are you worth? Here’s how to determine your net worth and what it means to you.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:43 Here on GRE’s 1 Year Anniversary show, what’s in the name, “Get Rich Education?”

05:30 Your Financial Net Worth is what you own minus what you owe.

11:32 Your Net Worth compared to other Americans.

17:00 GRE’s John Collins appearance.

20:55 Your liquidity.

23:06 The interest rate you’re paying on your debt. Credit card arbitrage.

25:56 Your Net Worth worksheet helps make leverage’s power transparent.

28:15 Real estate investing is a game of attrition.

30:56 Generations ago, there was a wealth gap between families. Today, it’s within families.

Resources:

Mint.com

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property.

Visit GetRichEducation.com to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode52_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 2 October 2015

51: Hassle-Free Mortgage Note Investing with David Campbell

#51: What if the real estate market crashes? Our guest, Hassle Free Cashflow Investing’s David Campbell, tells us how to hedge yourself against this with Mortgage Note Investing.

Learn why this could be the ideal time in the real estate market cycle for Mortgage Note Investing. This can provide stable returns to you, yet more liquidity than owning real estate.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Maverick turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:36 You can be the bank. Rather than be the real estate investor, you can be the real estate lender.

05:08 Our guest, HassleFreeCashflowInvesting.com‘s David Campbell invests based on the real estate market cycle.

08:58 Terms similar to Mortgage Note Investing are: Hard Money Lending, Private Lending, Deed Of Trust Investing, Seller Financing.

12:36 What’s the minimum amount of money you need for Mortgage Note Investing?

13:20 How you get money for this investment. Arbitrage.

17:10 How Mortgage Note Investing’s advantage over Peer-To-Peer Lending instruments like Lending Tree and Prosper. In a word, the answer is “collateral.”

19:25 Why this is a good time in the market cycle to be a Mortgage Note Investor.

24:35 Many people are equity rich and cash poor.

27:48 Mortgage Note Investing with IRA funds and how this is tax-savvy.

30:00 How to buy a good Mortgage Note and what to avoid.

31:26 How David’s company, Hassle-Free Cashflow Investing, makes Note investing easy for you.

32:30 Mortgage Notes are more liquid than real estate.

36:05 When David began investing, it included tons of hassle. He changed course.

Resources:

Visit HassleFreeCashflowInvesting.com for a free report and videos on Mortgage Note Investing and more.

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

Visit GetRichEducation.com to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode51.mp3
Category:general -- posted at: 4:00am EDT

Fri, 25 September 2015

50: Keith Weinhold | Don’t Quit Your Day Dream

#50: If you don’t have a concrete day dream, then how will you know what success is?

How do you reach your day dream? What must you avoid to reach it?

Want more wealth? Visit GetRichEducation.com and Subscribe to: 1) Our free newsletter, and 2) Maverick turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:02 When you own enough cash flowing rental units, you are financially free. What’s your number?

03:18 Goals vs. Dreams.

10:04 One big key to reaching your day dream and what you must avoid.

14:24 Leverage, abundant thought.

17:30 The #1 question that you need to ask about an investment.

19:44 Employer-sponsored retirement plans like 401(k)s are costly. You’re committing Life Deferral just to get Tax Deferral. Stop.

25:55 The exotic Panama Coffee Farm Tour is November 13 - 15th, and you’re invited! And it’s free. Come meet Keith. Send an e-mail to Coffee@GetRichEducation.com

34:20 Quit committing Life Deferral.

35:18 Dan Sullivan and the four Cs: Commitment, Courage, Capability, then finally, Confidence.

37:52 Why be a millionaire? You already own a multi-billion dollar asset.

38:48 Dr. Martin Luther King, Jr. and Margaret Thatcher were day dreamers.

Don't quit your day dream. Live it.

Resources:

E-mail Coffee@GetRichEducation.com to buy your cash-flowing Panama coffee farm parcels.

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

Visit GetRichEducation.com to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode50.mp3
Category:general -- posted at: 4:00am EDT

Fri, 18 September 2015

49: Why Renters Keep Renting; Lowest Home Ownership Rate In 48 Years

#49: Your ramifications from U.S. home ownership plummeting to Its lowest rate in 48 years.

Current trends: latest home price appreciation rate, rental vacancy rate, and how you can profit.

Want more wealth? Go to MaverickInvestorGroup.com/GRE to download our most-recommended report for free.

Listen to this week’s show and learn:

02:50 Upcoming Memphis real estate market visit.

04:57 The U.S. home ownership rate has plummeted to a 48-year-low of 63.4%.

06:25 Four reasons that economic forces will drive the home ownership rate even lower in the future.

09:48 U.S. median home price is now $229,400. That’s up 8% year-over-year.

11:42 Why renters stay renters, not buyers.

13:12 San Francisco.

19:58 If real estate values go down, do rents go down?

23:19 Transcending the investor psychology of markets and crowds.

25:21 Stringent lending standards means your renter can’t get a loan.

27:30 Matt Bowles appearance on the Kansas City market.

Resources:

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

Visit GetRichEducation.com to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

Direct download: GREepisode49_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 11 September 2015

48: Turnkey Real Estate Opportunities with Maverick Investor Group’s Matt Bowles of The Maverick Show

#48: Our guest is Maverick Investor Group’s Matt Bowles, a nationally-recognized investment property specialist.

Offering turnkey properties in 7 of the best U.S. geographic markets, the Maverick model offers you professionally renovated property, with a rent-paying tenant and management already in place.

Get Maverick’s free 36-page report at: MaverickInvestorGroup.com/GRE

Want an invitation to Maverick’s next free webinar to buy turnkey property not available to the general public? Then sign up for the Get Rich Education newsletter at GetRichEducation.com

Subscribe on iTunes so you never miss an episode.

Listen to this week’s show and learn:

02:25 Matt was named one of the “Top 50 RE Investment Opinion Makers and Market Leaders” by Personal Real Estate Investor magazine.

09:30 How Matt began in real estate investing with buying a $325,000 4BR single-family home in Washington, D.C.

12:40 Matt begins buying investment homes in Las Vegas and Phoenix.

15:33 Some companies misuse the term “turnkey” real estate investing.

23:23 Sadly, local providers are always trying to convince you to buy in their market.

25:10 Why the best RE markets change over time.

32:12 The myth that people pay more for turnkey property than other property. They don’t.

38:38 How do you know that you’re paired with the right provider within a good market?

43:39 Keith’s due diligence with Maverick.

Resources mentioned:

MaverickInvestorGroup.com/GRE

Book: What Every Real Estate Investor Needs To Know About Cash Flow

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

Visit GetRichEducation.com to subscribe to our free newsletter, receive Maverick webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review; 2) Your mailing address to: info@GetRichEducation.com

Direct download: GREepisode48_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 4 September 2015

47: Oil and Inflation Are Affecting Your Real Estate

#47: Inflation is your "friend" when you’re a real estate investor with a financed property.

Inflation is expected long-term. In the short-term, low oil prices are slowing inflation. This affects you.

Subscribe on iTunes so you never miss an episode.

Listen to this week’s show and learn:

01:11 Income property pays you five ways at the same time.

03:33 Why RE investors with loans want inflation. Examples given.

07:42 Two big reasons why the U.S. government wants to ensure that inflation continues.

12:52 Why Keith is an inflation “cheerleader”.

15:14 How low oil prices are slowing inflation. Why oil is a “leading indicator” of inflation.

17:28 Regional influences from low oil prices - Texas, Oklahoma, upper Midwest, more.

20:24 $15 minimum wage and real estate investors.

22:17 Why every human being pays a different rate of inflation.

23:20 Savers are losers. Debtors are winners. How?

23:55 The action you can take to benefit from inflation.

Resources mentioned:

http://www.innovativewealth.com/alternative-investment/inflation-the-secret-to-building-wealth-in-real-estate/

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

Visit GetRichEducation.com to subscribe to our free newsletter or see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

We would be so grateful if you wrote a review! Here’s how to write one at:iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review; 2) Your mailing address to: info@GetRichEducation.com

Direct download: GREepisode47_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 28 August 2015

46: The Money That You Didn’t Know You Had (Archives)

#46: You’re likely putting a lot of your money at risk right now, and that same money is achieving zero rate of return.

Subscribe on Apple Podcasts so you never miss an episode.

Listen to this week’s show and learn:

01:01 How Keith got the financial ability to get into so many investments at a young age.

03:07 Risk-free return vs. return-free risk.

05:41 Today, what you thought was “right-side up” in the world, could turn “upside-down.”

08:08 Why are you investing in a vehicle that could never go up in value, but could only go down?

09:45 Would you rather be debt-free or financially free?

12:48 Home equity is: 1) Unsafe, 2) Illiquid, and 3) has zero rate of return. Home equity is one of the worst “investments” you can make.

17:01 “Equity transfers” can enhance your rate of return.

21:14 It’s sad that some borrowers make extra mortgage principal payments without understanding what they’re doing.

23:38 30-year vs. 15-year mortgage loans. Keith tells you which one he likes more - by far.

25:28 Banks are more likely to foreclose on your property if you’re financially uneducated.

27:32 A catastrophic loss is another reason that home equity is an awful investment.

31:01 Your equity position does not change your control of your property.

32:32 Homes are meant to house people, not store cash.

35:12 How “paying off” Keith’s home would be a reckless decision.

36:11 When you pay off your home, you just sent your money away to “retire.” That’s the reason that you cannot retire.

Resources mentioned:

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

Visit GetRichEducation.com to subscribe to our free newsletter or see all Events.

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Direct download: GREepisode4628629_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 21 August 2015

45: Smart Street-Level Techniques For Dealing With Tenants (also Four-Plex 2 of 2)

#45: Your tenant secures your investment property’s income stream. It is crucial that either you or your manager screens and manages tenants appropriately.

Subscribe on Apple Podcasts so you never miss an episode.

Listen to this week’s show and learn:

01:18 Whether you desire turnkey rental properties or self-managed property, you’ll learn today.

03:59 How to buy your income property while keeping maximum cash in your pocket.

06:48 With your tenants, why you should: “Be friendly. Not friends.” Tenant psychology.

08:05 A smart way to increase the chance that the tenant pays you rent on time.

12:20 The exact 7-word sentence that you tell late-paying tenants when they’ve violated law. This saves you money and grief.

15:57 A landlording technique to help separate your emotions from business.

19:09 An example of how giving to tenants can promote good will in your entire building.

21:18 Screening prospective new tenants.

35:20 Maintaining your rental units.

36:42 Over the longer-term, be a Real Estate Investor rather than a Property Manager.

38:35 More comments on an owner-occupied four-plex.

39:54 Symbolism in the “GRE money tree” logo.

41:05 As a housing provider, you have a responsibility.

Resources mentioned:

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

Visit GetRichEducation.com to subscribe to our free newsletter or see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen.

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Direct download: GREepisode45_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 14 August 2015

44: How A Four-Plex Building Can Be Your Massive Wealth Generator (1 of 2)

#44: A four-plex apartment building can be your major wealth catalyst with an FHA loan and your small 3.5% down payment.

Live in one of the four units and rent out the other three. It’s exactly how Keith began investing in real estate.

Subscribe on iTunes so you never miss an episode.

Listen to this week's show and learn:

03:05 Why a four-plex rather than another property type?

04:35 How to put as little as a 3.5% down payment on a four-plex apartment building with an FHA loan.

06:19 Common objections to owning a four-plex this way.

09:28 Different four-plex layouts - townhouse style vs. apartment style.

12:32 Do you live in a geographic market favorable to “owner-occupying” a four-plex? Here are some indicators.

14:30 Running the numbers.

16:09 Leverage creates wealth for you in an appreciating environment. But if the market loses value, leverage can become difficult for you.

20:48 Preparation: how to position your affairs to buy a four-plex.

23:35 Property selection considerations.

26:46 How to structure your purchase offer with the seller to your advantage.

30:25 By buying a four-plex, you’re starting off bigger than most well-known real estate investors have. Most people simply don’t consider buying four-plexes with FHA loans.

Resources mentioned:

MyFico.com

TheLandGeek.com/GRE and MidSouthHomeBuyers.com

Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.

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Direct download: GREepisode44.mp3
Category:general -- posted at: 4:00am EDT

Fri, 7 August 2015

43: Your Real Estate Investing Strategy

#43: Turnkey real estate investing in 3-4 geographic markets can be a smart formula for potentially high rates of return and low volatility.

01:35 The U.S. stock market has not had a correction for four years. The S&P 500 Index is near an all-time high.

04:03 Nationally, real estate values are still not as high as their 2006 peak.

07:24 Why markets are more volatile with a 0% Federal Funds Rate.

10:32 Be invested in 3-4 geographic markets.

14:50 Typically, an income property’s cash flow rises faster than inflation.

24:16 The importance of giving.

28:20 Investments you can make with little of your own money, Panama coffee farm tour dates announced.

32:30 Announcement of a turnkey investment property network of seven investor-advantaged metro submarkets that you can participate in.

Resources mentioned:

TheLandGeek.com/GRE and MidSouthHomeBuyers.com

Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.

Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!

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Direct download: GREepisode43_1.mp3
Category:general -- posted at: 6:33am EDT

Fri, 31 July 2015

42: Advising President Obama and Bush on Finance; Children & Money with Sharon Lechter

#42: As a child, were you taught a scarcity mindset?

Steering public policy through the White House and Congress may help future generations of American children be better-educated on finance.

Listen to this week’s show and learn:

02:18 You’re working 8+ hours a day for a job you’re not passionate about. Why not at least plan an escape hatch?

06:17 Did your parents tell you “Money doesn’t grow on trees” and “Who do you think we are, the Rockefellers?” Instead, Sharon reveals more constructive phrases.

08:32 As a child, did you learn to “save money” or “invest money?”

11:05 “Live below your means” reinforces a scarce mindset.

16:00 How to teach children about businesses.

17:33 Sharon Lechter on the value of a college education today.

24:50 Which President - Obama or Bush - would be more likely to calculate an apartment building cap rate? Sharon picks one!

25:11 Sharon on the power of real estate investing.

28:09 Sharon’s work with “Think and Grow Rich.”

Resources mentioned:

TheLandGeek.com/GRE and MidSouthHomeBuyers.com

Sharon’s resources: SharonLechter.com | Think and Grow Rich for Women | Board game: Thrive Time For Teens | LinkedIn-Success.com | MyJobChart.com

Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.

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Direct download: GREepisode42_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 24 July 2015

41: Russell Gray | Secrets Of Real Estate Syndication | The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

#41: Have you run out of money to buy investment real estate?

Russell Gray describes how you can pool other people’s money for a down payment on investment property.

You profit when you provide value to your investors. It’s called real estate syndication.

Listen to this week’s show and learn:

05:12 Real Estate Syndication defined.

09:18 Why syndicate?

12:00 Do you need to be “qualified” to be a syndicator? No.

15:40 Low pressure tactics to attract investors to your deal.

18:32 Remarkably, you’ll often discover that it’s easier to find investors’ money for your deal than finding the real estate to match it.

25:03 How you make money as a real estate syndicator.

30:47 How syndicators spend their time, and pitfalls you must avoid.

37:47 Donald Trump’s story. How much money you can really make as a syndicator?

42:20 Next month’s powerful Secrets Of Successful Syndication Event, August 21-22 in Dallas, TX.

Resources mentioned:

Register for the Secrets Of Successful Syndication Event by July 31st at an early-bird discount either:

Through our Events Page
Or send an e-mail to Syndication@GetRichEducation.com

Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.

www.TheLandGeek.com

Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!

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Direct download: GREepisode41_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 17 July 2015

40: Qualifying for Income Property Loans with Graham Parham

#40: Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in Dallas, TX, tells you how to best obtain mortgage loans for investment real estate in today’s lending environment.

Listen to this week’s show and learn:

03:02 Why you often want a mortgage loan, even if you can pay cash for a property.

04:35 Your downside risk of high leverage.

05:50 Loan-To-Value ratio (LTV) explanation and significance.

08:08 Last chance to invest in your own Panama coffee farm parcels at a discount.

12:38 Mortgage Banker and Mortgage Broker - what’s the difference?

14:00 Why it’s more difficult to qualify for a loan today.

18:01 The three “C”s: Credit, Capacity, Collateral. Your requirements for credit score, reserves, and down payment.

23:44 Interest rates for an investment property are higher than for a primary residence.

24:39 How long will interest rates stay low?

26:08 Are 40-year mortgages coming?

28:50 Your debt-to-income ratio (DTI).

31:26 Can foreign buyers obtain loans for U.S. property?

32:55 LLC formation for income property.

36:38 Seeking more than 10 financed properties?

37:36 How RE investors from one state can buy in a different state.

39:37 Keith’s strategies on reducing your DTI so that you can qualify for income property.

42:23 Use AirBnB income to qualify for rental property?

42:43 Home Equity Lines Of Credit (HELOCs) can help you tremendously.

44:27 Self-employment income and your loan qualification.

Resources mentioned:

GrahamParham.com | (855) 326-6802 | gparham@highlandsmortgage.com

MyFico.com

Dodd-Frank Act

InternationalCoffeeFarms.com (ICFC). One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com and submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund.

Visit our website at GetRichEducation.com to subscribe to our free newsletter.

Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!

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Direct download: GREepisode40_1.mp3
Category:general -- posted at: 4:00am EDT

Fri, 10 July 2015

39: Josh & Lisa Lannon | Rich Dad Advisors and Social Capitalists

#39: Josh & Lisa Lannon weathered adversity and came out the other side to serve more people by doing the right thing.

Listen to this weeks show and learn:

01:02 What’s your inner investor purpose?

06:40 Grow up, get good grades, go to college & get a job that you don’t like so you can pay your debts. Is that all?

07:43 The Lannons met at a Las Vegas nightclub.

09:54 Lisa issued Josh an ultimatum. Josh had to stay sober to keep their marriage, sending Josh into the unknown.

14:33 After healing themselves and reading Robert Kiyosaki’s “Choose To Be Rich”, the Lannons opened rehab centers to help others.

17:35 When it comes to finding your business teammates, you will attract what you are.

19:27 The Lannons’ real estate business.

22:42 The B-I Triangle symbolizes the 8 integrities of business. It also guides mission, vision, and values.

23:00 If you’re inside the triangle, you’re working “in” your business.

If you’re outside the triangle, you’re working “on” your business.

27:14 Values vs. Competency.

29:49 Though every Rich Dad Advisor book is terrific, why Keith recommends reading The Social Capitalist first.

31:28 A Social Capitalist does good in the world AND profits.

Resources mentioned:

TheSocialCapitalistBook.com - See the "Creating A Rich Life" program.

Amazon: The Social Capitalist by Josh & Lisa Lannon

RichDadAdvisors.com

Visit our website at GetRichEducation.com

Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!

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Direct download: GREepisode39.mp3
Category:general -- posted at: 4:00am EDT

Fri, 3 July 2015

38: Best Real Estate Investing Advice Ever with Joe Fairless

#38: After running out of his own money for cash flowing single family homes, Joe Fairless turned to real estate syndication.

Listen to this week’s show and learn:

03:24 What to do when you've run out of money to buy property for yourself.

06:42 Joe worked a full-time job for less than minimum wage. Later, he invested $1,000 in a bank CD.

09:20 Starting out buying rental homes in Dallas-Fort Worth.

15:10 How to help ensure that a property manager treats you well.

17:47 A good explanation of a real estate syndication.

20:05 How Joe raised money for a 168-unit apartment building when he’s never owned any multifamily property before.

25:25 The kind of investor returns that are typical in a syndication.

32:03 100% LTV HELOCs on your primary residence are available at a major national bank.

32:55 Impactful message from a GRE listener.

36:28 Rich Dad Advisors appear on GRE next week.

Resources mentioned:

Equity Happens book

Quotiful app

The Social Capitalist book

JoeFairless.com and the Best Real Estate Investing Advice Ever podcast

InternationalCoffeeFarms.com (ICFC) One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund.

See the new website at GetRichEducation.com

Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!

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Direct download: GREepisode38_1.mp3
Category:general -- posted at: 8:00am EDT

Fri, 26 June 2015

37: Beth Clifford | International Real Estate Developer

#37: International Real Estate Developer Beth Clifford describes the dynamics of new U.S. real estate development. She also touches on the opportunity in the Central American nation of Belize.

Listen to this week’s show and learn:

01:29 The U.S. population increases by 2+ million annually, and they all need a place to live. This naturally increases demand for real estate.

08:44 Thinking and acting big.

11:33 Why develop a new piece of land rather than just buy an existing building?

13:40 New development = better returns, higher risk.

18:00 Successful developers use design that fits the latest lifestyle trends.

22:40 How to forge relationships so that local government officials will support your new development.

26:27 The financing and funding climate for real estate development today.

33:24 Strong development sectors for investors include residential, medical-office, and travel & leisure.

36:04 New industries like AirBnB, Uber, and autonomous cars influence real estate development trends.

40:26 More Americans are retiring outside the United States. Beth is developing a resort-village in Ambergris Caye, Belize to help serve this need.

Resources mentioned:

MahoganyBayVillage.com

WeWork.com

Zero To One book by Peter Thiel

New! Check out the beta version site at GetRichEducation.com

Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!

We would be grateful if you wrote a review! Here’s how: iTunes, Stitcher, and Android.

Direct download: GREepisode37_1.mp3
Category:general -- posted at: 8:00am EDT

Fri, 19 June 2015

36: Big Problems and Opportunities Found at Keith’s 8-plex

#36: Keith’s 8-plex has had its share of problems and opportunities since he bought it two years ago. See how he views a property with an “investor’s eyes.” Learn to avoid problems.

Listen to this week’s show and learn:

01:27 A blogger calls Keith the “anti-Dave Ramsey.”

04:44 The only “problem” with having millions of dollars in debt? It's wanting more.

06:48 Problems and operations at Keith’s 8-plex building.

13:20 The trade-offs of owning a large lot along with an apartment building.

17:38 Adding income to your property by leasing space to a cell phone tower provider.

20:57 Big problems with the building’s water well.

31:44 A major maintenance item needed repair. Not all building repairs provide the same returns.

34:45 The 8-plex’s appreciation over two years is a 43% gain on the down payment, amplified with leverage.

Resources mentioned:

www.InternationalCoffeeFarms.com (ICFC)

One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund.

New! Check out the beta version site at GetRichEducation.com

Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!

We would be grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

Direct download: GREepisode36_2.mp3
Category:general -- posted at: 8:00am EDT

Fri, 12 June 2015

35: Ray Dalio | How The Economic Machine Works

#35: Ray Dalio, Founder and CEO of the Bridgewater Associates investment firm with his brilliant work, “How The Economic Machine Works”.

Listen to this week’s show and learn

1:47 Definition of “economy.”

2:00 Produce more than you consume.

5:59 “How The Economic Machine Works”

Resources mentioned:

You Tube video “How The Economic Machine Works”: here.

Written .pdf document “How The Economic Machine Works”: here.

Ray Dalio Wikipedia Page: here.

TheLandGeek.com/GRE

34: Get Out Of The Rat Race with The Gena Lofton Show

New! Check out the beta version site at GetRichEducation.com

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Direct download: GREepisode35.mp3
Category:general -- posted at: 8:00am EDT

Fri, 5 June 2015

#34: Author, Investor, and Entrepreneur Gena Lofton transformed her life from homeless in southcentral Los Angeles to owning 2,000 rental units today.

Listen to this week’s show and learn:

02:12 What the concept of “Sending the elevator back down” means.

10:55 One wealth-building element is being a contrarian.

13:34 Gena didn’t have a “Rich Dad” or a “Poor Dad.”

15:45 The value in Gena’s book is its beautiful simplicity.

16:41 How to know when your “why” is strong enough.

20:24 The “genie” inside of us.

21:14 How Gena gets rich with debt.

Resources mentioned:

Book - Escape The Madness: 10 Steps To Get Out Of The Rat Race

PassiveIncomeAdvisors.com – Gena’s website

TheLandGeek.com/GRE

33: Why You DON’T Want To Be A Millionaire

New! Check out the beta version site at GetRichEducation.com

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Direct download: GREepisode34.mp3
Category:general -- posted at: 8:00am EDT

Fri, 29 May 2015

#33: Millionaires are not wealthy. In the end, you ultimately don’t seek financial wealth anyway.

Listen to this week’s show and learn:

01:31 GRE is perhaps the only show that regularly delivers all three: education, actionable content, and motivation.

02:35 Listeners are taking action toward a GRE mantra of “Don’t follow money. Make money follow you.”

04:38 If you aspire to be a U.S. dollar millionaire, you’re losing.

08:24 Inflation debases a dollar’s value and the worth of a millionaire.

09:54 Why America continues to have an inflationary mandate.

11:58 Wealthy people buy time. Middle class and poor people sell time.

14:44 Living well and giving well trumps the financial wealth created through real estate investing. Most forget this.

16:58 How wealthy people buy fun toys that enhance their lifestyle.

18:40 Keith’s “hero”.

20:22 At the end of your life, how will your autobiography or obituary read if it tells the truth?

23:12 Mark Podolsky, aka “The Land Geek”, has a compelling, profitable business model that you can learn.

25:01 How to contact Keith if you would like him as a live speaker at your event.

Resources mentioned:

www.TheLandGeek.com/GRE

www.MidSouthHomeBuyers.com

New! Check out the beta version site at GetRichEducation.com

GRE has a new Android App. Download it at Google Play and keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode33.mp3
Category:general -- posted at: 8:00am EDT

Fri, 22 May 2015

32: Steven Kotler | The Future Of Real Estate

#32: Future technologies like 3-D Printing, Drones, Robotics, Bionics, and Asteroid Mining promise to change your real estate and other investing.

Listen to this week’s show and learn:

02:38 Technological change over the last 10 years.

05:32 Learning about the future does not dispense fear; it dispels fear.

08:03 How 3-D Printing will change real estate investing.

12:56 Asteroid mining could change earth’s resource extraction industry.

18:58 3-D Printing of consumer products, medical devices, food, and even cars.

22:30 A user-friendly interface is what turns an emerging technology into mainstream adoption.

24:30 Robotics can change the geographic distribution of jobs.

26:31 Technology often doesn’t eliminate employment. Rather, it shifts.

29:04 The future’s influence on residential real estate versus other real estate types.

30:30 Does technological gain correlate with urbanization or de-urbanization?

32:33 Bionics. When will technology disrupt culture such that it changes what “being human” means?

Resources mentioned:

StevenKotler.com

Steven Kotler Wikipedia Page

Steven’s latest book: Tomorrowland

PlanetaryResources.com

X Prize

International Coffee Farms website E-mail Coffee@GetRichEducation.com with your contact info. for a generous discount on this investment, only for Get Rich Education listeners. You are not obligated to buy anything.

New! Check out the beta version site at GetRichEducation.com

GRE has a new Android App. Download it at Google Play and keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode32.mp3
Category:general -- posted at: 8:00am EDT

Fri, 15 May 2015

31: What Drives Real Estate Values and Rents

#31: Mortgage interest rates are just one of many influences on real estate values and rent income.

Listen to this week’s show and learn:

01:28 Get Rich Education vs. College Education.

03:58 The rate of home ownership has declined over the last decade. This is good for income property investors.

06:03 The irony that the greatest investment asset – real estate - is ubiquitous.

08:55 Other people’s money.

11:30 How are 25% to 30%+ annual rates of return with investment real estate considered common?

16:28 Some U.S. real estate advantages compared with Canada.

18:42 What will higher mortgage rates do to housing prices?

21:24 Housing price-to-income ratios in the U.S., Canada, Europe, South Africa, Australia.

23:11 What makes renters keep renting rather than be homeowners.

29:43 Why it’s better to invest in residential - rather than retail, office, industrial, and other types of real estate.

Resources mentioned:

Mortgage News Daily – Keith’s favorite mortgage resource

Numbeo.com – A great housing price indicator resource

International Coffee Farms website For a generous discount on this investment, E-mail your contact info. to Coffee@GetRichEducation.com

GRE has a new Android App! Download it at Google Play. You can keep the GRE icon right on your phone’s home screen!

Direct download: GREepisode31_2.mp3
Category:general -- posted at: 8:00am EDT

Fri, 8 May 2015

30: How To Talk Like An Investor – Vocab. Rehab. #3

#30: What do common investor vocabulary terms mean and why do they matter to you?

Listen to this week’s show and learn:

01:19 Get Rich Education has a new Android App at Google Play.

01:36 Why Keith sold stock when the S&P 500 Index was at 1,960 points.

03:05 S&P 500 Index and Dow Jones Industrial Average.

05:29 Why your local real estate team is often biased and cannot impartially serve you.

08:42 Why you want to build streams of income, not pools of cash.

10:32 Why real estate is not an “alternative” investment. Stocks are.

12:05 A damaging hail storm occurred in Dallas - a popular RE investor market.

14:57 International Coffee Farms and the benefits of diversifying in real assets internationally.

21:05 Hyperinflation.

22:50 Leverage, Leverage Ratio.

25:10 Title Insurance. What is it?

26:40 Value. The acronym D-U-S-T: Demand, Utility, Scarcity, Transferability.

30:32 How sharing Get Rich Education with others ultimately helps you.

Resources mentioned:

International Coffee Farms website

E-mail Coffee@GetRichEducation.com and provide your contact info. for a generous discount on this investment, only for Get Rich Education listeners. You aren’t obligated to buy anything.

Investopedia.com

GRE has a new Android App. Download it at Google Play!

Direct download: GREepisode30.mp3
Category:general -- posted at: 8:00am EDT

Fri, 1 May 2015

29: What’s Your “One Thing?” with Don Hobbs

#29: Don Hobbs of “The One Thing” speaking tour tells us how to create more time and happiness in our lives.

Listen to this week’s show and learn:

02:33 Listener feedback. They’re acting toward changing their lives.

06:06 Turnkey real estate investing.

11:03 Don Hobbs interview begins.

13:03 What is “The One Thing” that you do that will make everything else in your life easier?

16:05 Aspire to your best-and-highest use.

17:12 “The Domino Principle” optimizes your efficiency.

20:20 Multi-Tasking is a waste!

21:44 Time Blocking.

Resources mentioned:

The One Thing live training webinars

The One Thing – book

International Coffee Farms – cash-flowing coffee farms where you own the land

Jim Rohn

Kassandra Taggart Boltman’s book

Mid South Home Buyers – Memphis turnkey property

Join the GRE Facebook Page at Facebook.com/GetRichEducation

Just launched - the GRE podcast Android App!

Direct download: GREepisode29.mp3
Category:general -- posted at: 8:00am EDT

Fri, 24 April 2015

28: Sustainable Agriculture Investing with David Sewell

#28: How to invest in cash-flowing, turnkey agricultural real estate with Keith’s trusted provider. You own the land.

Listen to this week’s show and learn:

02:33 Agriculture is one of the earliest human uses of real estate.

03:52 Coffee has sustainable world demand. Specialty coffee has short supply and high demand.

04:30 Some of the world’s most savvy economists are now investing in agriculture.

09:21 David Sewell, Founder of International Coffee Farms (ICFC), compares Panama’s infrastructure and business climate to other world nations.

13:56 David has a history of success by providing cash flow to investors with Colombian coffee farms. Today, he does this for you in Panama.

15:51 The difference between specialty coffee and commercial coffee.

18:41 The points grading system for coffee quality.

20:00 The strength of ICFC’s management team and harvest methods optimize investor cash flow.

25:15 Social sustainability - investors help farm hands.

27:41 Your investor rates of return.

31:51 The timing of your projected cash flow payouts.

34:10 The coffee farm parcels that Keith owns is the only real estate in his portfolio that he will never sell.

34:30 Farm tours are open to both investors and those just potentially interested.

38:55 David Sewell reveals the very generous offer that he makes just for Get Rich Education listeners by sending your name & contact info. to Coffee@GetRichEducation.com

Resources mentioned:

International Coffee Farms website

E-mail Coffee@GetRichEducation.com and provide your contact info. for a generous discount on this investment, only for Get Rich Education listeners through July 31, 2015.

Specialty Coffee Association Of America – coffee points grading system

AudibleTrial.com/GetRichEducation - Get your free audiobook & 30-day free trial

Join the GRE Facebook Page

New! GRE is now on SoundCloud

Direct download: GREepisode28.mp3
Category:general -- posted at: 8:00am EDT

Fri, 17 April 2015

27: Making Raw Land Cash Flow with Mark Podolsky of The Art of Passive Income Podcast

#27: Mark Podolsky tells Get Rich Education how he produces cash flow from raw land.

Listen to this week’s show and learn:

02:05 Residential property management, fees, and an operations example at Keith’s 11-plex apartment building.

06:51 The classic professional management vs. self-management debate.

07:47 Mark Podolsky’s model eliminates the need for any property management at all.

09:57 Mark Podolsky interview begins and he explains his business model.

15:10 How to find out when & where land auctions are.

16:28 An example of how to structure a cash flowing raw land deal.

18:06 Why you can buy others’ raw land for pennies on the dollar.

19:29 How to identify the best land parcels.

25:45 How to start with essentially zero money.

28:11 What one needs to know before starting.

30:02 Mark’s big mistake.

Resources mentioned:

www.TheLandGeek.com

The Best Passive Income Model podcast

www.Naco.org

www.WeGoLook.com

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Direct download: GREepisode27.mp3
Category:general -- posted at: 8:00am EDT

Fri, 10 April 2015

26: You Own A Multi-Billion Dollar Asset

#26: Keith takes the microphone himself this week, helping cultivate an abundance mindset to give investors new epiphanies and motivation.

Listen to this week’s show and learn:

02:14 Do you seek information or affirmation?

04:59 The quickest path to your wealth is guided by The Law Of Conformity. You might want to edit your existing friends list!

07:25 A profound comparison between slug, ant, hen, and human. How this helps you elevate awareness.

10:08 How expansionary investing thought permeates into other facets of your life.

12:45 A spin on how to define your goal.

15:55 “Maslow’s Hierarchy Of Needs” applied to your real estate investing life.

21:23 The value in “thinking about how you’re thinking”.

23:03 For more shows like this, listen to Get Rich Education episodes 1, 2, 5, and 17.

Resources mentioned:

Maslow’s Hierarchy Of Needs

Peter Sage

Robert Kiyosaki’s new book Second Chance

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Direct download: GREepisode26.mp3
Category:general -- posted at: 8:00am EDT

Fri, 3 April 2015

25: Ken McElroy | Rich Dad Advisor for Real Estate | Real Estate Strategies with Ken McElroy

#25: There aren’t many famous real estate investors. There’s Barbara Corcoran, Donald Trump, Ted Turner, and today’s guest…Ken McElroy.

Listen to this week’s show and learn:

02:00 Keith cannot think of a greater contributor to real estate investing education this generation than Ken McElroy.

04:04 Last month, Robert Kiyosaki, Ken, and Keith were in the same room when Robert dubbed Ken McElroy “The Greatest Real Estate Investor In The World Today.”

05:08 Ken began in real estate as a Seattle property manager.

08:12 RE agents often don’t own investment real estate and they try to “sell buyers on the future.” Instead, use a Property Manager to find what rents really will be.

11:30 Buy investment real estate for cash flow rather than capital gains.

13:23 “Real estate is really dumb and it moves slow.” Buy where the jobs are going to be.

15:40 How Ken looks for opportunity in a new purchase.

16:50 When Ken would want to buy a vacant four-plex rather than an occupied one.

20:18 Actionable ways to add value to multifamily properties.

25:30 How large of a property does it take for on-site property management to make sense?

27:47 How Ken beats out other offers for a property that he wants to buy.

31:28 The time and freedom that real estate investing affords Ken’s family.

32:46 The advice that today’s Ken McElroy would provide to a 20-year-old Ken McElroy.

Resources mentioned:

www.KenFlix.com - Online video tutorials from Ken!

www.KenMcElroy.com

www.MCCompanies.com

Ken McElroy’s top-selling book The ABCs of Real Estate Investing

Robert Kiyosaki’s new book Second Chance

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Direct download: GREepisode25.mp3
Category:general -- posted at: 8:00am EDT

Fri, 27 March 2015

24: J. Massey of Cashflow Diary | How He Amassed Wealth With No Money

#24: On the brink of homelessness, J. Massey pulled himself up. He became a master of raising private capital for deals without using any of his own money – because he didn’t have any.

In fact, he’s amassed a fortune and has still never used a bank for a real estate loan.

Listen to this week’s show and learn:

00:56 People’s worst financial trade of their life is one that they keep making every week.

06:07 J. and his wife’s touching story and rise from nowhere. They had to sell items on eBay to pay monthly utility bills.

13:04 By the time J. owned 117 houses, how others responded.

14:40 Real estate “wholesaling” is where J. first gained traction.

17:22 Today, “raising private capital” is the skill that J. helps others with to obtain wealth.

23:14 Raising private capital from others.

27:01 How does a beginner start to raise private capital from others? Details at CashFlowDiary.com/MoneyTool

31:20 How much time and what character traits are needed to raise private capital?

Resources mentioned:

CashFlowDiary.com/MoneyTool

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Direct download: GREepisode24.mp3
Category:general -- posted at: 8:00am EDT

Fri, 20 March 2015

23: Podcasting Behind The Scenes with John Lee Dumas f/ The Dave Ramsey Show

#23: John Lee Dumas, likely the world’s best-known podcaster, joins us today. John has grown the popular Entrepreneur On Fire podcast to generate several million dollars of revenue every year.

Listen to this week’s show and learn:

02:31 Keith is on a mission to turn more “nobodies” into “somebody” than anybody.

04:10 A great tip for those that manage their own investment properties.

05:15 Keith is picky with whom he has on the show, and why he arranges episodes in a certain order to best serve you.

07:09 Why Get Rich Education chooses to release episodes on Fridays.

07:51 The Get Rich Education podcast is a money loser. Keith opens up with how he feels about podcasting.

11:21 The importance of relationships. Attend events in-person.

12:32 John Lee Dumas has pushed the limits of the podcasting frontier and helps others start podcasting with Podcasters Paradise.

15:31 John Lee Dumas makes his debut on Get Rich Education.

18:25 Why John began podcasting and how he does a show 7 days a week!

23:25 When John began, he was an awful podcaster.

26:20 Keith and John discuss the difference between “success” and “significance”.

29:14 John’s favorite internet resource that will help you maximize your “Return On Time Invested”.

32:04 John’s real estate investing experience.

Resources mentioned:

EntrepreneurOnFire.com

EOfire.com/income

Podcasters Paradise

Schedule Once

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Direct download: GREepisode23.mp3
Category:general -- posted at: 8:00am EDT

Fri, 13 March 2015

22: How To Interview A Property Manager with Jay Hartley & Mad Money w/ Jim Cramer

#22: Jay Hartley, Director Of Investments at Classic Property Management in Arlington, TX acquires, leases, and manages property in the Dallas-Fort Worth (DFW) metro.

They’re often newer-built brick single-family rental homes.

Listen to this week’s show and learn:

03:14 Why Keith lives in Anchorage, Alaska.

06:03 Comparing Memphis, TN and Dallas-Fort Worth, TX real estate investor markets.

08:12 A quick determination of how a property can provide you with monthly cash flow.

13:44 DFW’s “sweet spot” for investment properties is between $130,000 and $170,000.

15:26 How Jay advises you about higher Texas property taxes.

18:15 The character of your tenant and occupancy rate in this market.

27:35 Property Manager interview role-play with Jay Hartley.

32:54 How Classic Property Management screens tenants.

38:26 Classic’s fee structure, monthly reporting, and how they pay you your cash flow.

41:20 Jay wants to interview prospective investors to see if they’re a good fit for Classic.

42:04 Bonus: Listeners continue to be a “fly on the wall” even after the mock interview as Keith & Jay chat off-the-cuff.

Resources mentioned:

www.ClassicPM.com

Jay Hartley direct: JayHartley@ClassicPM.com or (817) 640-2064 ext. 1212

www.Narpm.org

www.Realtor.org

www.TexasRealEstate.com

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Direct download: GREepisode22.mp3
Category:general -- posted at: 8:00am EDT

Fri, 6 March 2015

21: About Me and Anchorage, Alaska's Real Estate Market

#21: Get Rich Education is about you. In a personal episode, this turns around and you learn more about your host, Keith Weinhold.

You also discover Anchorage, Alaska’s real estate market, economy, and great quality of life.

Listen to this week’s show and learn:

02:06 The parenting influence that Keith grew up in helped foster an abundance mentality. It wasn’t wealth.

04:58 Keith spent a year living in a swimming pool maintenance hut.

08:00 Moving from Pennsylvania to Anchorage, Alaska.

09:10 The time and money lies people tell themselves.

11:53 You cannot buy happiness. You live happiness.

14:10 The first property Keith ever bought was an Anchorage four-plex building.

18:10 The secret is this: “There is no secret.”

22:12 You can be a fountain or be a drain.

23:23 Anchorage, Alaska and its real estate market.

26:15 Alaska’s #1 economic driver is oil, making it one of the wealthiest US states. North America’s largest oil field is in Alaska.

27:50 Anchorage has the 2nd-busiest cargo airport in the United States.

28:45 Demographic factors influencing Anchorage’s rental market.

31:20 Rental property character in Anchorage.

32:41 The great lifestyle Anchorage offers that few know about.

Resources mentioned:

Anchorage Wikipedia Page

Housing near-gridlock in Anchorage

Oil in Alaska

Roy Briley Property Managers

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Direct download: GREepisode21.mp3
Category:general -- posted at: 8:00am EDT

Fri, 27 February 2015

20: How To Talk Like An Investor - Vocab. Rehab. #2

#20: Vocabulary is integral to advancing your investor life.

It attracts the right people so that you can form the right relationships.

Learn how these terms are defined in a clear way, used in an example, and how you might use them in a sentence.

Listen to this week’s show and learn:

02:28 Keith discusses New York City.

06:55 How you pull yourself up from middle class.

09:28 Being the best version of yourself.

Vocabulary Terms:

10:44 Accredited Investor.

13:08 Appraisal.

15:30 Assessment.

16:35 Capex (Capital Expenditure).

17:33 Capital Gain, Capital Gains Tax.

20:08 1031 (Tax-Deferred) Exchange.

23:12 Debt Service.

23:48 Mortgage.

25:06 Rate Hike.

29:12 Rent Control.

30:07 ROTI.

Resources mentioned:

Investopedia.com

Investor.gov

Janet Yellen