Get Rich Education

#123: What if the value of your income properties falls 40% vs. the value of stock falls 40%? We explore the strategic, emotional and practical side of this. Learn how you stop losing money by paying the opportunity cost of not being invested strategically. How to use desktop methods to research the right properties and markets. Keith is invested in a real estate market where there’s a recession. Here’s how he deals with it. Keith brings you today’s show from San Juan, Puerto Rico. 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  Most real estate investors buy property for convenience, not strategy. 05:34  Reading about 3-D printing before investing in Memphis real estate (really?). 07:17  Use these desktop methods to research property. 09:12  When your stocks fall 40%, a story of what happens tactically and emotionally. 17:20  There have been 25 stock bear markets sinc

#122: How do you invest in resort property? Why would you want to? Ambergris Caye is Belize’s largest island. It has been named Trip Advisor’s #1 Island In The World two years in a row. Learn why. Ambergris Caye, Belize has world-class water sports, the longest living reef in the world, stable banking, is close to the U.S., English is the official language, and housing demand there far outstrips supply.   Belize has business-friendly government officials and strong property ownership rights. A new construction resort development project on Ambergris Caye promises to help ease the supply constraint. There is an investment opportunity for you here. 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: 02:00  Serving resort-goers often means serving Baby Boomers. 04:25  What’s riskier: investing outside your home nation, or having everything tied up in one nation’s economy and currenc

#121: What’s your personal “Money Operating System”? Hilary Hendershott is the personal finance expert on the NBC Evening News in California’s Silicon Valley. An MBA, CFP, and TEDx Speaker, she’s an an authority on money strategy and mindset. Money has an infinite supply; then why do most people have a limiting belief about money? Also, we discuss how men and women approach money differently. 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: 01:05  Rising mortgage interest rates. 05:00  Hilary Hendershott interview begins. 06:03  Limiting beliefs about money. 08:47  Money isn’t real; it’s a concept, an abstraction, a promise. 11:43  Lottery winners that go broke. 13:44  Common “Money Operating Systems”. 18:18  Does society spend too much time emphasizing money? 20:00  Men vs. women and money. 26:04  Real estate investing for cash flow. 28:22  Tax depreciation on rental property

#120: One of the few coastal markets where you can find cash flow is Jacksonville, Florida. Fortune 500 companies, the military, and the seaport support this market, not tourism. Learn about investing in these single-family homes with two and three-year leases, how unscrupulous management companies can manipulate you, and how to protect your cash flow. Learn more at GetRichEducation.com/Jax 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: 00:54  Don’t follow money. Make money follow you. 03:31  Have a sound strategy. Don’t “throw darts at a map”. 04:02  In real estate investing, your team of pros (Property Manager) could be more important than the geographic market itself. 05:01  Gregg Cohen interview begins. 06:29  Cash flow in a coastal market? 08:04  Population growth, business sectors and industry. Amazon. 11:31  Jacksonville is younger than the rest of Florida. Age 35 vs.

#119: Harry Dent is our guest today. He’s among the world’s best-known financial prognosticators. Does Harry still think the Dow Jones will fall to 6,000 points this year? Dent answers questions most won’t: Where are real estate prices headed? Oil? Interest rates? Stock market? Inflation vs. Deflation? Gold? GDP growth? Author, Economist, Demographer Harry Dent’s latest book, released this month, is called “The Sale Of A Lifetime: How The Bubble Burst Of 2017 Can Make You Rich”. 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: 01:28  Harry Dent likes making predictions. People listen because the depth of his research is so extensive. 05:16  Harry believes the stock market will trend up until the summer, then a potential crash begins. 10:30  Growth that the U.S. experienced in prior decades won’t return due to demographics. 12:53  Stock market bubble catalysts / indicators: Dem

#118: What’s your risk tolerance? Keith discusses risk with mortgage loans for 1-4 unit properties, then for apartment building loans. Later, Marco Santarelli joins Keith to tell you why they believe that real estate is the best asset class compared to stocks, businesses, commodities, and cash. 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: 01:37  Should you get a 30-year mortgage loan or 15-year? 05:02  Risk with apartment building loans - balloon terms, interest-only loans, prepayment penalties. 11:31  Keith’s personal habits and faults. 12:58  Get Keith’s free wealth-building newsletter is at GetRichEducation.com  Read Keith’s blog at GetRichEducation.blog 18:51  Marco Santarelli interview begins. “Why real estate?” 22:03  Real estate provides five profit centers at the same time. 23:00  What is an asset class? 25:24  Paper assets. 27:08  Stock dividends, options trading.

#117: Surprisingly, Alabama is one of the most economically forward-looking U.S. states. Here’s why, and here’s how you can profit from this at the right time in the business cycle by investing in Birmingham income property. Birmingham is Alabama’s largest city amidst a growing population, diverse economic sectors, and a business-friendly climate. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:01  Alabama is one of the most economically forward-looking states in the U.S. 03:44  Geopolitical Strategist Peter Zeihan’s remarks about Alabama’s top ability to attract foreign capital. 05:22  Disloyalty to markets. 06:14  Don’t be a flipper or landlord. Be an investor. 08:00  Maureen McCann interview begins; Birmingham’s business sectors. 10:14  The right Birmingham submarkets and neighborhoods. 12:17  Average $104,000 purchase price, $1,050 rent, 3 BR/2 BA, 1,500 sf. 15:55  Renova

#116: Rich Dad Advisor Tom Wheelwright says that the U.S. could become a tax haven. We discuss other potential tax changes that President-Elect Donald Trump will make. Keith also recaps what happened in financial markets this year: real estate, stocks, gold, inflation, dollar index, interest rates and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 01:42  This year: real estate up, stocks up, gold & silver up, dollar index even, interest rates up, inflation up, autonomous cars hit streets, Chinese yuan into IMF, Brexit, Trump election. 06:36  Robert Kiyosaki and Harry Dent predictions. 09:48  Donald Trump parallels with Ronald Reagan. No individual income tax reform in first term. 12:53  Tax rates won’t go up next year. Oil & gas tax benefits will be retained or expanded. 14:11  Carried interest. 17:59  Trump’s company lobbied for the “real estate professional” tax

#115: Obtaining your RE license isn’t that difficult in many states. Would this help you land deals for income property? Yes, and there are tons of other benefits...and drawbacks. Kevin Cross of Foundations Real Estate Experts is a savvy real estate investor, licensee, and former President of the Anchorage Association of Realtors. He tells us the advantages and disadvantages of getting your RE license. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:06  Keith likes BombBomb.com video-e-mail service and the Blinkist.com condensed reading app. 08:11  How can getting your RE license help you get into the deal flow? 12:20  Saving yourself the agent commission - and using that as a down payment. 15:06  The benefits you realize as an agent when you build a network of home inspectors, HVAC companies, roofers, etc. 18:27  When you sell property, act as your own agent. Referral fees.

#114: Your mental map is stimulated today as we discuss what geographies will be prosperous for real estate investors. Geopolitical Strategist Peter Zeihan of Zeihan.com takes us on a virtual cross-country journey economically, geographically, and demographically. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:46  The Mississippi River System promotes continental commerce. Luckily, it’s superimposed atop the U.S. agricultural belt. 06:47  Demographic luck. 13:54  Capital flight to “Gateway Cities”: Toronto, Montreal, Vancouver, Santa Monica, San Francisco, Seattle, New York City, and Miami. 17:38  “Reinvented Cities”: Oklahoma City, Austin, Salt Lake City, Charleston (SC). 20:05  Migration to low-cost-of-living cities. 25:27  New England. 26:58  New York. 28:42  Pennsylvania. 31:44  New Jersey through DC to the Carolinas. 34:22  Georgia. 36:21  Florida. 38:12  Alabama. 40:53

#113: You can be a lender instead of a borrower with Mortgage Note Investing. Real estate is your collateral, securing your loan. Why would you want to give a loan to someone that can’t qualify for a bank loan? David Campbell from Hassle-Free Cash Flow Investing tells us why and how. 9-10% cash-flowing rates of return are common. Compared to buy-and-hold RE investing, this is more liquid, less risky, and incurs lower transaction costs. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 07:05  Why now is a good time to move chips from the equity side to the debt side. 10:48  Mortgage Note Investing is also similar to terms like “Hard Money Lending,” or “Private Lending.” Also, discussion of Mortgage vs. Deed Of Trust. 15:45  Buy notes where the borrower has 20-25%+ equity in the property. 23:02  Mortgage Notes provide higher cash flows, less risk, more liquidity, lower transaction c

#112: Two undercover thieves are robbing you of your dreams. They’re stealing your prosperity both now and in the future. This is why people think they’re “getting ahead,” but they’re falling behind. Learn about the problems with 401(k)s and inflation - it’s even worse than you think. Learn how to get on top of this and get empowered today. Keith brings you today's show from Dallas, TX. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:33  Be unusual. 03:33  A terribly naive statement: “Socking away money in your 401(k) will make you a millionaire.” 07:08  401(k) saving is misdirected. It’s herd mentality pumped up by a billionaire-dollar Wall Street marketing campaigns. 09:40  History of the 401(k) and Ted Benna, creator of the Plan. “Salary Reduction Plans.” 13:35  Dollar-for-dollar matches in 401(k)s. 17:12  A 401(k) is a ZERO cash flow plan. 24:24  The secret monthly bill t

#111: Looking for passive income but can’t find an attractive real estate deal in today’s climate? Invest with a trusted, savvy investor that’s an expert in identifying profitable apartment building deals for others. Dave Zook, Founder Of The Real Asset Investor, has a remarkable track record of providing reliable returns to investors. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 05:05  Entering real estate for tax mitigation reasons. 07:40  Rich Dad influence. 09:15  Many wealthy people are willing to invest in 1% yield CDs! 11:26  Planting the seeds of real estate syndication. How to stay in the “deal flow.” 12:57  The people are more important than the product. Which people are “real” and which are not? 15:45  Multifamily property in Memphis. 20:03  Forced appreciation. 22:31  Dave is successful because he considers his investors’ need, not his need. 24:08  Value-add prope

#110: Wealth and fulfillment are matters of your personal choice. "Being Wealthy Is A Choice" is something that I didn’t believe when I first read it in a Robert Kiyosaki book 15 years ago. Now, I know that it’s true. Learn how to choose wealth. Be bold. Live where you want to live. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12  You need to believe that being wealthy is a choice. 03:26  You’re unfulfilled because you spend too much time at your job.   06:20  Live where you want to live   09:09  Be bold.   13:14  Disable notifications.   13:53  Associate with people whose future is bigger than their past.   15:17  Fear and doubt destroy more dreams than failure ever does.   16:24  Die with memories, not dreams.   22:52  You’re paid five ways at the same time with RE investing.   30:05  Risk.     Resources Mentioned:   Article: The 5 Ways You’re Paid In RE Investing   Cor

#109: Memphis, Tennessee is the longtime King Of Real Estate Cash Flow. Mid South Home Buyers in Memphis is the turnkey company with smart systems and great service. Learn how they got their advantage. Founder Terry Kerr and Investment Coordinator Liz Nowlin tell us what makes Memphis unique. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities.   Listen to this week’s show and learn:   02:44  Return From Equity (RFE) and Return On Equity (ROE) are two different things.   06:18  Equity positioning is key to your investing strategy.   07:18  Volatile markets vs. Stable markets.   10:23  Terry Kerr and Liz Nowlin interview begins.   12:15  Mid South Home Buyers manages 1,450 properties, 98%+ occupancy, 77%+ of tenants renew their leases.   14:28  Memphis is a distribution hub.   15:27  52% of Memphis residents rent rather than own.   17:33  Some turnkey providers “mark up” materials.   20:58  The best-renovated houses in Me

#108: Should your rent or own your primary residence? Consider feelings, equity buildup, control, leverage, personal cash flow, mobility, inflation, taxes, liquidity, opportunity cost, sunk costs, and much more. Innovative Advisory Group’s Kirk Chisholm joins Keith for the chat. Keith tells you how much his home is worth. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities.   Listen to this week’s show and learn:   02:55  Your home is not an asset.   08:51  Why throw away money on rent?   12:15  Rental “stigma.”   16:10  Liquidity.   17:50  Sunk costs like furniture, maintenance, amenity obsolescence.   20:14  Inflation, leverage, appreciation.   23:57  Three methods to help you determine to rent or buy.   27:51  Wider selection of homes to buy than rent.   30:41  Rent-To-Value Ratio.   34:08  Today’s low homeownership rates.     35:19  “Touchy feely things.”   39:31  Rent vs. Buy Calculator.   40:30  Keith’s home valuat

#107: Rich Dad Advisor Garrett Sutton is our guest today. His firm, Corporate Direct, offers smart asset protection and simplifies what seems complex. Keith is back in Anchorage, AK for today’s show. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12  Rely on your team. You don’t need to know everything. 04:52  “12 Reasons It’s A Great Time To Be A Real Estate Investor.” 11:20  Garrett Sutton interview begins. 12:45  Charging orders. 14:48  States offer different protections. You can “borrow” from the best state’s protection. 17:05  Texas asset protection. 22:24  Protecting yourself when you own real estate in multiple states. 25:04  Equity stripping. 26:18  Why Garrett wrote his new book, Toxic Client. 28:12  “Entitlementia.” 31:24  Why many attorneys get asset protection wrong. 33:18  When Robert Kiyosaki was famously sued, Here's how Garrett protected him. 34:14  Corporate

#106: With enough passive income to meet your living expenses, you can potentially quit your job. GRE’s Business Developer John Collins just quit his job. He tells us how it feels. Keith brings you the show from Ontario, Canada today. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:38  How close are you to quitting your job? The PPY. 05:42  A metaphor about life being the journey, not the destination. 07:40  If the Dow Jones rises from 19,000 to 20,000 points, that’s NOT a gain! 10:41  With zero financial education, stocks are better than real estate. With some education, real estate is better. 12:08  Monthly property management statements. 15:50  The jet pilot. 19:12  GRE’s John Collins quit his job that paid $100K-$200K per year. 22:47  Overcoming fear of leaving the job. 24:32  Nothing dispels fear like education; social connections. 28:48  Altering your life structure. 32

#105: Texas is a job creation juggernaut. Companies are being lured to Texas at a staggering rate by a business-friendly environment, low labor costs, and tax incentives. Texas is where you have some of the fastest-growing, most economically stable markets in the nation. Your durable rent income comes from tenant jobs. Learn about how to get into this market with an award-winning turnkey real estate investment provider at GetRichEducation.com/Texas. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:29  Turnkey real estate investing defined. 04:44  Win-wins. 05:16  Why turnkey RE is not too good to be true. 09:30  A “Tenant Inspection Report.” 11:34  Carl Dean interview begins. 13:39  Carl moved to Texas because that’s where the jobs and better properties are. 15:05  Is the Texas RE market overheating? 18:02  Medical, financial sectors. More than just oil. 20:19  Migration into

104: T.Harv Eker is our guest today. His mega-popular seminars and book, “Secrets Of The Millionaire Mind: Mastering The Inner Game Of Wealth” have transformed countless lives. Harv tells you: “Think Rich To Get Rich.” Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:58  What do you really want in your life? 09:04  Thoughts > Feelings > Actions > Results 11:28  Your mind is set to a “Wealth Thermostat.” 14:37  How to change your Wealth Thermostat: 1) Awareness. 2) Understanding. 3) Reconditioning. 19:24  Your thought influences are: verbal conditioning, modeling, specific incidents. 20:35  Are rich people evil? 26:08  Is it ethical to make passive income? 32:15  How rich people specifically think differently than most people. 34:50  The Bible and wealth. 39:14  Dealing with your disapproving family members. 44:28  Seminars. 45:10  How to win the money game.   50:31  The import