Fri, 28 August 2015
#46: You’re likely putting a lot of your money at risk right now, and that same money is achieving zero rate of return.
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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.
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Fri, 21 August 2015
#45: Your tenant secures your investment property’s income stream. It is crucial that either you or your manager screens and manages tenants appropriately.
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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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Fri, 14 August 2015
#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.
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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:
TheLandGeek.com/GRE and MidSouthHomeBuyers.com
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Fri, 7 August 2015
#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!
We would be grateful if you wrote a review! Here’s how to write one at:iTunes,Stitcher, andAndroid!
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