Get Rich Education

#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

#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

#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

#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

#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

#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

#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

#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:

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

#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

#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

#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

#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

#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.

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Direct download: GREepisode51.mp3
Category:general -- posted at: 4:00am EDT

#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.

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Direct download: GREepisode50.mp3
Category:general -- posted at: 4:00am EDT

#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

#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

#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

#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.

 

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.

Direct download: GREepisode4628629_1.mp3
Category:general -- posted at: 4:00am EDT

#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.

 

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

Direct download: GREepisode45_1.mp3
Category:general -- posted at: 4:00am EDT

#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.

 

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: GREepisode44.mp3
Category:general -- posted at: 4:00am EDT

#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!

 

Direct download: GREepisode43_1.mp3
Category:general -- posted at: 6:33am EDT

#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.

 

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.

 

Direct download: GREepisode42_1.mp3
Category:general -- posted at: 4:00am EDT

#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:

 

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!

 

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

 

 

Direct download: GREepisode41_1.mp3
Category:general -- posted at: 4:00am EDT

#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!

 

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

 

Direct download: GREepisode40_1.mp3
Category:general -- posted at: 4:00am EDT

#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

 

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

 

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: GREepisode39.mp3
Category:general -- posted at: 4:00am EDT

#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!

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

Direct download: GREepisode38_1.mp3
Category:general -- posted at: 8:00am EDT

#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

 

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: iTunes, Stitcher, and Android.

Direct download: GREepisode37_1.mp3
Category:general -- posted at: 8:00am EDT

#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

#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

MidSouthHomeBuyers.com

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: GREepisode35.mp3
Category:general -- posted at: 8:00am EDT

#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

MidSouthHomeBuyers.com

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 to you for writing a review. Here's how to write one on: iTunes, Stitcher, or Android!

Direct download: GREepisode34.mp3
Category:general -- posted at: 8:00am EDT

#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

#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

#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

#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

#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

#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

#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

New: You can now hear GRE on SoundCloud

Direct download: GREepisode27.mp3
Category:general -- posted at: 8:00am EDT

#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

Get any free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation

Join the GRE Facebook Page

Now On Twitter - Follow GRE!

New: You can now hear GRE on SoundCloud

Direct download: GREepisode26.mp3
Category:general -- posted at: 8:00am EDT

#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

Get any free Audible audiobook & 30-day free trial 

Join the Facebook Page

Now on Twitter! 

New: you can listen to us on SoundCloud!

Direct download: GREepisode25.mp3
Category:general -- posted at: 8:00am EDT

#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

Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation

Join the Facebook Page at Facebook.com/GetRichEducation

Now on Twitter! Follow us: @GetRichEd

Direct download: GREepisode24.mp3
Category:general -- posted at: 8:00am EDT

#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

Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation

Join the Facebook Page at Facebook.com/GetRichEducation

Now on Twitter! Follow us: @GetRichEd

Direct download: GREepisode23.mp3
Category:general -- posted at: 8:00am EDT

#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

Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation

Join the Facebook Page at Facebook.com/GetRichEducation

Now on Twitter! Follow us: @GetRichEd

Direct download: GREepisode22.mp3
Category:general -- posted at: 8:00am EDT

#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

Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation

Join the Facebook Page at Facebook.com/GetRichEducation

Now on Twitter! Follow us: @GetRichEd

Direct download: GREepisode21.mp3
Category:general -- posted at: 8:00am EDT

#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

MidSouthHomeBuyers.com

Rent Control laws by state

Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation

Join the Facebook Page at Facebook.com/GetRichEducation

Now on Twitter! @GetRichEd

Direct download: GREepisode20.mp3
Category:general -- posted at: 8:00am EDT

#19: Benjamin Franklin said, “In this world, nothing can be said to be certain except death and taxes.”

Has today’s guest, Rich Dad Advisor Tom Wheelwright, CPA, turned that upside down with his popular book, Tax-Free Wealth?

Tom’s firm could help you permanently reduce your taxes, like he has done for Keith. That’s like a risk-free return.

Listen to this week’s show and learn:

03:30  Michael Jordan had coaches and teammates. To grow large, you’ll eventually need them too.

06:25  Over the course of your life, your greatest financial expense will be taxes.

11:43  This is the largest new tax change for real estate investors since the 1980s.

15:07  How to save tens of thousands in taxes with a Cost Segregation.

22:20  The “magic” of depreciation.

29:31  Why you should pay zero tax on your real estate – no capital gains tax and no tax on your cash flow.

32:35  Why not to use your IRA to invest in real estate.

35:55  The tax benefits of oil & gas direct investing vs. oil & gas stock investing.

 

Resources mentioned:

www.ProvisionWealth.com or call 1-866-467-5809

www.Reefogc.com

www.AudibleTrial.com/GetRichEducation - Get a free audiobook & 30-day free trial.

Tax-Free Wealth book by Tom Wheelwright

Direct download: GREepisode19.mp3
Category:general -- posted at: 8:00am EDT

#18: Cash flowing real estate is not confined to residential, commercial, industrial, office, agricultural, retail, and storage. Consider oil & gas wells.

Mike Mauceli, CEO of Reef Oil & Gas Companies in Richardson, Texas, explains this direct investment opportunity in producing oil & gas wells.

Monthly cash flows and terrific tax benefits are typically provided to investors.

Listen to this week’s show and learn:

02:03  What is a real estate “syndicator”?

09:08  The minimum amount one needs to invest with Reef. An investor does not need a certain credit score, liquid reserves, debt-to-income ratio, nor accredited investor status. 

11:00  The difference between investing directly in Reef Oil & Gas Companies vs. oil & gas stock.

13:35  Today’s drilling techniques may reduce the risk of “hitting dry holes”.

22:03  Interests in reducing environmental impacts of oil & gas extraction.

25:44  Does Reef have “skin in the game”, investing alongside the individual investor like you?

28:14  How Reef’s teaming with a large investment company helps them acquire larger projects.

31:45  How the recent drop in oil prices affects investors.

35:35  World geopolitics and the price of a barrel of oil.

39:43  Why you are an oil & gas investor already.

40:25  How Reef is paid and how you are paid, and your potential tax benefits.

44:52  Minimum investment amount, rate of return range of past funds, liquidity, tax advantages, and possible multiple returned to you on your initial investment amount.

Please listen to the disclaimer at the end of the show. Investing involves risk and you can lose money.

 

Resources mentioned:

www.Reefogc.com

www.Reefogc.com/drillingandincomefund/

Reef Oil & Gas Co. phone number 1-877-915-7333

www.TomWheelwright.com

Direct download: GRE20018.mp3
Category:general -- posted at: 8:00am EDT

#17: Thoughts are not enough. You must act.

Recorded February 1st, 2015, in Anchorage, Alaska, Keith provides a motivational performance this week.

This content has spurred his students from thought into action by purchasing their first-ever investment real estate.

Listen to this week’s show and learn:

01:20  You own your mind free and clear. There is no mortgage debt against your mind.

02:58  This common advice that you have heard must be specifically avoided it if you ever want to be successful.

07:50  How long should you get educated on real estate investing before you act?

09:48  Three specific real estate investing actions for you to take.

12:00  Mortgage “Pre-approval” vs. “Pre-qualification”. The value of meeting with your mortgage lender, even if you think you can’t get a loan.

16:07  Section 1031 Tax-Deferred Exchanges and “Cash-Out” Refinances can amplify your cash flow and leverage.

22:52  If Keith could start all over in real estate investing, these are the 3 things that he would most want to do differently.

25:30  This two minutes of content has inspired others to buy their first income real estate.

 

Resources mentioned:

www.Reefogc.com

www.RichDadAdvisors.com

www.BrianTracy.com

REIA meetings

www.NeighborWorks.org

Direct download: GREepisode17_B.mp3
Category:general -- posted at: 8:00am EDT

#16: “Power Connector” Judy Robinett, author of top-selling “How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” joins Get Rich Education today and tells you how to find investment money.

Listen to this week’s show and learn:

01:25  Real estate syndication and business crowdfunding defined.

04:48  It’s not what you know, it’s who you know.

07:17  How do you “get in the right room” to get your deal funded?

10:20  The difference between angel investors and venture capitalists.

13:13  Where you find a network and investors.

17:34  How do you learn about which people to avoid?

19:35  What is “Reputation Capital”?

20:08  How to best use social media for networking.

21:35  Why there aren’t more women in business.

24:24  The “5+50+100 Rule”.

27:40  Another person must know, like, and trust you before they fund you.

29:28  The value of taking an influencer to lunch. Ask “Who else do you know that I should talk to?”

31:33  People don’t lack resources. They lack resourcefulness.  

 

Resources mentioned:

www.JudyRobinett.com

www.KickStarter.com

www.Indiegogo.com

www.RealtyMogul.com

www.FlashFunders.com

www.LendingHome.com

www.Illuminate.com

www.RocketHub.com

www.Cbinsights.com

www.GoldenSeeds.com

www.PitchBook.com

www.LinkedIn.com

www.Twitter.com  @judyrobinett

www.AngelCapitalAssociation.org

www.ncva.org

Books: "How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” by Judy Robinett

“The Kickstarter Handbook” by Don Steinberg

Direct download: GREepisode16.mp3
Category:general -- posted at: 8:00am EDT

#15: Rich Dad Advisor Garrett Sutton provides knowledge with how to incorporate and protect your business and real estate interests.

Listen to this week’s show and learn:

06:33  Garrett tells us that one of the better US states for protecting one’s assets has now become more vulnerable to outside attacks.

06:59  More states’ courts are ruling against protection for single-member LLCs.

08:57  Garrett explains the importance and meaning of protecting your “corporate veil”.

11:56  How to protect oneself with a four-plex and FHA 3.5% down payment.

14:15  How to change an existing property from individual ownership to an LLC. What’s special about Wyoming LLCs and how you can use one.

17:42  Who is liable in a slip-and-fall case – the property owner or the property manager?

18:18  Umbrella Insurance.

20:34  Can one “overdo it” with too much asset protection?

22:53  Garrett’s real estate investing preferences.

25:16  What Garrett would tell a 27-year-old investing enthusiast today.

27:50  Tell Corporate Direct / Sutton Law you learned about them through Get Rich Education. You can speak with Garrett directly about your asset protection needs at 30 minutes for $175.

 

Resources mentioned:

www.SutLaw.com

www.CorporateDirect.com or 1-800-600-1760

www.Reefogc.com

www.AmericanBaseballFoundation.com

Books: Loopholes Of Real Estate, Start Your Own Corporation.

Direct download: GREepisode15.mp3
Category:general -- posted at: 8:00am EDT

#14: Listen to this week’s show and learn:

01:39  Keith opens up about the only losing investment property he has ever owned, what made it a loser, and why he just sold it this week.

08:24  With every investment deal, you either get the profit or you get the lesson.

10:00  For Tom Hopkins International Sales Academy Feb. 20-21 in Orlando, FL, use the Discount Code below for a deal that GRE negotiated for your 2-day tuition.

Optionally, you may also e-mail John@GetRichEducation.com and on a first-come, first-served basis, GRE can provide you with a free 3-night stay in a condo room for the event.

14:32  Here in 2015, many U.S. turnkey real estate providers have little or no inventory.

15:25  Part of the first family of American precious metals, our guest is Anthem Blanchard. He owns a precious metals storage and trading company, www.AnthemVault.com.

18:53  Anthem’s father, Jim Blanchard, was the influential hero when President Gerald Ford legalized gold ownership in 1974.

20:30  Why does gold have value?

 

Resources mentioned:

www.Reefogc.com

www.AnthemVault.com

Your exclusive GRE Discount Code for Tom Hopkins Int’l Sales Academy Feb. 20-21 in Orlando, FL is

https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40

www.MidSouthHomeBuyers.com

www.facebook.com/GetRichEducation

www.Bloomberg.com

www.ZeroHedge.com

Direct download: GREepisode14.mp3
Category:general -- posted at: 8:00am EDT

#13: You, your investments, and your real estate will all soon be dramatically affected by the disruptive invention of driverless cars.

The good news? Today you can learn how to position yourself to make this innovation profitable for you.

Listen to this week’s show and learn:

01:15  Driverless cars, 3-D printing, and drones will dramatically affect you.

02:28  People often scoff at the notion of coming change. Then change comes fast.

05:14  It’s easy to forget that horse travel used to dominate American transportation.

07:37  The invention of the automobile populated the suburbs.

09:43  Today, many cities have more than half their area dedicated to streets and parking for cars.

13:16  Ride-sharing services like Uber have already diminished the demand for parking lot real estate.

14:12  Unused parking spaces and smaller roads are coming. This will change real estate values.

15:47  Most agree that driverless cars will be for sale to the public by 2020. This will improve your life.

21:32  Driverless cars will make some real estate more valuable, and some less valuable.

24:30  Why driverless cars may spell the demise of convenience stores.

25:45  Homes near public transportation may experience falling value with this new technology.

27:35  Why investing in automobile companies over the long-term may be dangerous.

30:07  Why buy-and-hold real estate investors must know what to avoid with this technology.

 

Resources mentioned:

www.Reefogc.com

www.Uber.com

www.Lyft.com

Direct download: GREepisode13.mp3
Category:general -- posted at: 8:00am EDT

#12: You sell yourself everyday. The World’s #1 Sales Trainer, Tom Hopkins, tells you how to sell - whether it’s selling a piece of real estate, being promoted at your job, or selling an idea to your spouse. Make your life and business explode with these ideas.

Listen to this week’s show and learn:

02:05  Tom Hopkins interview begins.

03:22  How Tom sold 365 homes in 365 days.

04:20  Is one “born to sell” or if can it be a learned skill? What’s better for sales - introvert or extrovert?

07:47  The seven fundamentals of Selling: Prospecting, Initial Contact, Qualification, Presenting, Handling Objections, Closing The Sale, Referrals.

11:32  The best strategy for more referrals, which are where most of your sales come from!

13:03  How to overcome buyer objections, including when one says, “I want to shop around”.

15:48  The vital importance of passion.

20:23  How to overcome being told “no”. Why the world’s wealthiest people “have no guarantees”.

26:24  Words you must avoid when selling, and the million dollars phrases to use to increase sales.

32:25  How to close the sale by building “yes momentum”.

36:04  What advice Tom has for a young investing enthusiast today.

 

Resources mentioned:

www.TomHopkins.com

www.Reefogc.com

For Get Rich Education listeners, here's your discount code for Tom Hopkins 2015 Sales Academy, Feb. 20 & 21 in Orlando: https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40

Direct download: GREepisode12.mp3
Category:general -- posted at: 8:00am EDT

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