Get Rich Education

#142: Keith’s $530,000 four-plex dropped in value to $480,000 during the 2007-09 Mortgage Meltdown. Lessons from the Housing Crisis of 2007-2009 still influence Keith’s investing today. Our guest, Damion Lupo, lost worse than Keith at this time. His $20M portfolio imploded. Damion spent over a million dollars on seminars alone. He recklessly went all-out by purchasing 150 rental units across 7 states more than a decade ago - without regard for cash flow. It crashed. Today, his firm, Total Control Financial, helps you control your financial future with self-directed IRA and Solo 401K services for optimized retirement planning. Top takeaway: Buy for cash flow in stable economic metro markets. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 00:57  Keith’s $530,000 four-plex dropped in value to $48

#141: Real estate hedonics and inflation effectively mean that real estate goes down in price over time. So then how can it be such a great investment? Keith answers. We run the numbers on a Memphis duplex. Keith calculates a 32.4% ROI right before your eyes. Keith tells you how to make more income if you’re living paycheck-to-paycheck. Learn about the opportunity cost of renting out a $620,000 south Florida home for $2,900. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:37  Giving. 04:57  Real estate hedonics. 09:46  Calculating Total Rate Of Return from real estate. 17:57  Most real estate investors can’t “keep score”. 19:34  Living paycheck-to-paycheck. How to get started? 24:34  People want change, but don’t want to change. 32:25  Renting out a $620,000 south Florida home. Resources Men

#140: Keith’s new book is now out in paperback form at: www.GetRichEducation.com/Book. Direct investment in single family income properties has strong demand from both investors and renters. Single-family home (SFH) income property advantages include: they trade independent of market cap rates, stronger appreciation than apartments, inflation protection, amortization, tax depreciation, lower cost, easier financing, more understandable, no shared walls, divisibility, less tenant turnover, and better locations than apartments.    Today’s guest, HassleFreeCashFlowInvesting.com’s David Campbell helps Keith break down single-family investing advantages. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:15  Ken McElroy in 2017: “It’s a terrible time to buy multifamily in most metros.” 06:23  SFHs tr

#139: Grab Get Rich Education's new book at: GetRichEducation.com/Book. You need money in order to trade it for time. You can’t trade anything other than money for time. The housing inventory shortage will reach a peak before new construction can relieve the problem. Paying rent is not like “throwing money away every month.” Keith breaks down the trade-offs between renting vs. owning your primary residence. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:34  Apartment buildings between 2 and 9 units are no longer being built as often. 06:06  The overall shortage of housing inventory for sale. 07:23  Feeling imprisoned in your own home due to low inventory, rising interest rates. 12:39  Housing builder confidence is up. More new construction. 14:00  There is currently income property inventory in Jacksonville, FL: GetRichEducation.com/jax 17:39  Why do yo

Yes! Our first-ever book has been released today at GetRichEducation.com/Book. Brief and to-the-point, with no guest writers or ghost writers, Keith dispels seven of the most common money myths that limit your financial growth potential including: “Be debt-free” (a myth), and “Get your money to work for you” (another myth, believe it or not). “7 Money Myths That Are Killing Your Wealth Potential” has already hit Amazon #1 bestseller status in multiple categories. Grab it now before the price goes up after Friday at: GetRichEducation.com/Book

#138: You’ve run out of money to buy real estate. What do you do now? You pool other people’s money for the down payment through a process called real estate syndication. Learn how. Urban real estate investing involves: exploiting geographic class segregation, “moving the gentrification line”, rent control, and public transit proximity. Today’s guest, Victor Menasce, is an Ottawa, Canada-based real estate syndicator. He’s an expert at teaching you how to raise capital from others for real estate deals in his book, Magnetic Capital. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn:  00:48  How can “real estate syndication” make you wealthy? 03:59  Investing in the U.S. vs. Canada: the biggest difference. 05:28  Urban investing: “Buy on the line. Move the line.” 07:48  Infill development. 09:22  New construction and low inventory. 10:18  Example on a buy-and-ho

#137: GRE listener Eric Pratt is today’s guest. His passive monthly RE income is $3,600, soon to be $4,600. He bought turnkey income properties: 6 in Memphis, 1 in Atlanta, and soon expects to close 1 in Birmingham. He carries 7 mortgages. Eric is in his 40s, married, and is a police officer in Anchorage, Alaska. Learn about how GRE has changed his life, and learn about one speed bump that he hit on the way. This show has been on the air every week for more than 2 ½ years and it’s changing lives. It’s time to hear your story. Keith tells you how you can be on the show with him. Keith brings you today’s show from Anchorage, Alaska. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 04:23  Today’s guest, Eric, had never heard of a podcast before learning about GRE. 06:04  Growing up in a financial family: Dad - banker; Stepmom - accountant. 09:34  Eric’s first i

#136: Get a pay raise from your employer with this innovative approach. Also, increase your rental income with this technique. Learn how to raise the rent on your tenant without losing them. It starts with you thinking about how your tenant is thinking. Use this “3 Options Strategy”. Think about your “Salary Reduction Plan” vs. your “Salary Increase Plan”. Don’t ask your boss for a raise. You’ll learn how to give yourself one. Keith also has a fresh take on property management.   Keith brings you today’s show from Philadelphia, Pennsylvania. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:32  Raise the rent on your tenants in this innovative way. 03:59  Lease Renewal Options Form - give your tenant three rent amount and duration options. 05:34  Justification for increasing your rent: higher property tax, hazard insurance, utility costs, etc. 08:39  Why a

#135: From $50 million to zero. That’s what happened to the net worth of today’s guest, Rod Khleif, in the mortgage meltdown of 2008. His mistake was that he focused on real estate appreciation rather than cash flow, and he lost control. He’s owned 2,000 single-family homes and multifamily units. Rod is a motivating guy. He talks to us about Single Family vs. Multifamily Property, self-management of property, and the psychology of success and fulfillment. Keith brings you today’s show from upstate Pennsylvania. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:40  Single Family vs. Multifamily.   09:09  Professional management vs. self-management of property. 11:31  Self-visualization and motivation. 15:51  Goal-setting. The psychology of taking action. Visualization. 20:52  Gratitude. 22:46  How to find achievement and fulfillment. 29:49  Trade-offs: Sing

#134: Tom Wheelwright, Rich Dad Advisor and Founder of ProVision talks with Keith about classifying income property repairs vs. improvements. We discuss how 401(k)s are for people that care little about involvement in their financial future. Will taxes ever get simpler? Tom says no. Classifying repairs vs. improvements is a big deal. There’s a $2,500 threshold distinguishing the two categories. Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:40  Early civilizations collected taxes: Ancient Egypt, Imperial China, the U.S. vs. Britain. 07:22  Income tax hurts employees most, beginning in 1944. 09:03  Will taxes ever get simpler? No. 11:30  Classifying repairs vs. improvements. “The $2,500 Rule.” 23:53  401(k) participation. Why would educated people be interested in one? 30:10  401(k)s are Salary Reduction Plans. 32:22  Before-tax vs. after-tax rat

#133: Now you can put just a 20% down payment on your first 10 financed properties. Requirements for cash reserves are now lower too. We discuss the details. You need a loan for income property. Loans mean leverage. Leverage can produce great rates of return for you in an appreciating environment Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage talks about today’s terms for income property loans on 1-4 unit properties: down payment, interest rates, credit score, reserve requirements, debt-to-income ratios and more. We’re talking about conventional Fannie Mae / Freddie Mac financed property requirements on non-owner occupied real estate. Keith brings you today’s show from Philadelphia, PA. Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:30  Keith thinks that real estate will keep appreciating for a while, though at a

#132: Create wealth and time for yourself with these ideas, websites, apps, secrets, and shortcuts. Get a 51% ROI from turnkey real estate investing. How? Example given. Seth Williams of Bigger Pockets and the Lighter Side Of Real Estate joins us. Learn more about Seth at www.retipster.com.   Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:52  Achieve a 51% ROI from turnkey real estate investing with: appreciation, cash flow, tenant principal paydown, tax depreciation, and inflation-hedging. 07:26  Risks. 09:34  GREturnkey.com - Turnkey cash flowing property in investor-advantaged markets. 12:42  NeighborhoodScout.com - Aggregating neighborhood data like crime, school district. 16:45  Overcast podcast listening app. 19:30  BombBomb.com - Send video e-mails.     22:00  RocketLawyer.com - Access to legal documents, contracts, real estate agreements

#131: Ken McElroy is our guest today. He’s the Rich Dad Advisor for real estate. Why does your tenant move out, and what will keep them inside your rental property? He tells us what tenants want today and how rental trends have changed over the last 5, 10, and 20 years. With over 10,000 units in multiple markets in his company’s control, he knows. In many markets, rent increases are not coming as easily as they were a few years ago. Ken & I discuss the best ways to increase income on your property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12  Polling tenants at move-out to determine why they moved. 05:05  Tenants are more mobile today. They go where jobs are. 06:40  Service level to tenants is more important today - fitness center, activities directors, shuttle vans, and even bartenders. 07:35  Living spaces of 200 - 300 square feet in urban cores and college to

#130: The U.S. housing market shortage is on. Inventory is getting squeezed in many markets. Keith discusses. Jordan Goodman is our guest today. He’s “America’s Money Answers Man” and you’ve seen him answer money questions across the decades on The View, Fox News Network, CNN, CNBC, the CBS Evening News, Money Magazine, and terrestrial radio. He’s also authored 13 books on personal finance. Jordan tells us: how you can use leverage, how to create a cash flow stream by making a real estate loan to others, what Donald Trump means to real estate investors, about the future of interest rates, consumer sentiment, and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:22  The U.S. housing squeeze is on. For example, in Seattle, one in only 263 homes is for sale. 04:24  Bubbles. 07:02  Jordan Goodman interview begins. 09:27  Leverage: dolphins vs. sharks. 16:28  Build an incom

#129: Dallas, TX could be the strongest real estate market in the entire U.S. as it keeps experiencing staggering business, job, and population growth. In fact, Forbes has named Dallas, TX as the #1 place to invest in 2017. But if you live outside Dallas-Fort Worth, how do you capture the upside yourself? With turnkey single-family income property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:50  Texas has had great economic fortune for decades. Geopolitical Strategist Peter Zeihan tells us that this will continue. 04:18  Dallas-Fort Worth’s astounding population growth. 05:16  Why to invest in single-family homes rather than apartment buildings. 09:55  In a hot market, have a relationship with a team that can get housing inventory. 12:03  Competing for housing inventory. Targeting 7%+ cash-on-cash return. 15:31  Product type: SFHs with minimum of 3 BR, 2 BA, 2-car gara

#128: These five money myths are killing your wealth potential. Don’t believe: 1) Get your money to work for you. 2) Compound interest creates wealth. 3) Be debt-free. 4) Home equity has a rate of return. 5) Live below your means. All five of the above are money mindset myths. If you believe them, you won’t create wealth. Real estate investing cures all five money mindset myths. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:07  Your brain is programmed to survive rather than thrive. 06:10  Why dispelling mindset myths is important. 10:46  Other people’s money. 16:23  Example of financial leverage. 17:39  Don’t be debt-free; be financially-free. Examples. 24:45  Inflation-hedging. 26:15  Compound Interest vs. Leverage. 28:41  “Millionaire.” Who cares? 31:12  Equity has zero rate of return. It’s unsafe and illiquid. Examples. 35:25  Equity transfers. 37:29  Should you pay

#127: You are invested in a zero-return investment. Home Equity is unsafe, illiquid, and its rate of return will always be zero. Then why are you so heavily invested in home equity? We discuss strategies to turn this around, and use home equity as a wealth-builder for you. Making extra mortgage principal payments on one’s home is usually a terrible idea. Striving to be debt-free often prevents one from becoming financially-free. You'll see why. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:57  ROI. 04:28  Turnkey income property inventory keeps tightening. 06:33  You have money that you didn’t know you have. 07:35  Your value as a listener. 12:04  How much of a zero-return investment would you want? 13:44  Debt-Free vs. Financially-Free. 17:01  Property equity is unsafe, illiquid, and has zero rate of return. 20:18  Equity transfers. 24:46  Making extra principal payment

#126: Robert Kiyosaki is our guest today. He’s the #1 Selling Personal Finance Author Of All-Time. He’s authored numerous titles, including the mega-popular “Rich Dad, Poor Dad”. He leads the Rich Dad Company, whose mission is “Elevating the financial well-being of all humanity.” Don’t work for money. Let your assets produce money for you.   Kiyosaki’s enduring mantras include: The Rich Don’t Work For Money | Your House Is Not An Asset | Don’t Live Below Your Means, Expand Your Means | Savers Are Losers, Debtors Are Winners and countless other influential quotes and statements. Keith hosts today’s show from Anchorage, Alaska. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12  The power of the book “Rich Dad, Poor Dad”. 04:23  Robert Kiyosaki interview begins. 05:12  Kiyosaki: Our school system is corrupt. 07:36  The Communist Manifesto (1848) by Karl Marx and Friedrich En

#125: Your passive income streams are durable to the extent that they’re diversified. Specialty agriculture can realize spectacular gains as the world’s amount of arable land diminishes. At the same time there are more mouths to feed. There is a massive undersupply of fine cacao for the world's strong market demand. Chocolate is derived from the cacao tree. Quality cacao thrives in the stable Central American nation of Belize. Finished products include gourmet chocolate and cacao butter. You can realize a cash flow stream from the annual harvest of the cacao beans, and it's all managed for you. Learn about the returns, risks, cacao supply vs. demand, and more. Keith hosts today’s show from Anchorage, Alaska. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:40  Durable wealth means having multiple diverse income streams. 03:12  Cacao (chocolate) farm investing in Belize. 05:

#124: Why mobile home parks of all investment vehicles? Guest Kevin Bupp tells us by explaining why they’re so misunderstood and he helps dispel stigmas. Mobile home park (MHP) residents stay in their home longer because they actually own the mobile home. Therefore, they also take better care of their place. As the investor, you rent the lot to the tenant. This also makes MHPs easier to manage. Keith brings you today’s show from Bridgetown, Barbados. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:02  There is a stigma with mobile home parks (MHPs). Here’s how that can actually benefit you. 05:04  Dealing with municipalities. 07:55  Management of MHPs. 10:31  Lack of competition. 14:07  Community aspect. 20:40  Utilities. 25:32  Financing for MHPs. Owner financing is more common than bank financing. 29:02  How do you find a mobile home park for sale? 33:29  Your Return On