Get Rich Education

#103: Tom Wheelwright is a tax genius and regular contributor here. He’s the Founder and CEO of ProVision Wealth, which prepares Keith’s tax returns. TaxFreeWealthAdvisor.com 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: 04:04  Every dollar of your income is either taxable or not taxable. 08:08  How you are double and triple-taxed. 09:59  How tax depreciation works for real estate investors. 13:33  Cost segregation. 16:10  Why Donald Trump won’t release his tax return. 20:14  Here’s when you start a tax and asset protection strategy. 23:40  Holding your real estate in an LLC vs. “S” Corp. 25:55  IRS audits and taking deductions. 28:06  Garrett Sutton. 29:40  Picking the wrong lawyer. 32:48  Audit prevention: 1) Documentation. 2) Competent tax preparer. 3) Don’t talk to the IRS.   Resources Mentioned: TaxFreeWealthAdvisor.com or call 866-467-5809 CorporateDirect.com NoradaRealE

#102: Hardship in your life changes your mindset, goal, timetable, and your investing risk tolerance. It changes how your think about your “Return On Time Invested.” Meet Ben Leybovich. Want more wealth? Visit www.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: 03:39  Ben Leybovich Interview begins. 05:30  Ben is diagnosed with Multiple Sclerosis. 07:40  A process of elimination brings Ben to real estate investing. 11:08  Emotional investing. 14:20  Unlike Keith, Ben self-manages his properties. He uses Buildium.com. 16:40  ROI. 30:18  Cash flow rises faster than inflation when you’re leveraged. 32:45  Guesswork - rent escalators, fixed mortgage interest rate duration. 33:43  Real estate environment in 2016. 36:50  Ben likes buying “below market.” Underwrite to fundamentals. 39:26  Regional housing markets. 44:19  Ten years ago, U.S. housing prices were 24% higher than today, adjusted for inflation.  

101: Geography is hugely important to real estate investing, economics, demography, and geopolitics. Peter Zeihan has a remarkable grasp on “location, location, location.” Learn the case for why the United States is not in decline. It will continue as a global superpower. Want more wealth? Visit www.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: 04:01  The case that America is positioned to continue as a financial, agricultural, and industrial superpower. 06:05  Rivers. 08:38  Urban centers. 10:00  Geography shapes cultural isolation and integration. 13:16  Diffusion of ideas and technology. 14:55  3-D printing changing the geography of distribution. 23:35  Oil and petroleum. 30:28  Inflation vs. Deflation. 33:16  Japan. 38:23  Which countries will prosper. 42:14  Can another nation be like the United States? 43:05  U.S. Midwest, Texas looks great for growth. Alabama. 45:36  Gateway cities: San Franci

#100: How to measure your wealth, a fun retrospective of the first 100 episodes, and a visit from GRE’s Business Developer John Collins. Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:25  Let’s measure your wealth. Right now. Here’s how. 06:12  Favorite GRE mantras and catchphrases. 09:16  How to increase your wealth. Determine your “PPY” and convert equity to cash flow. 13:02  Traffic and commuting. Appreciate what you’ve already got while you expand. 17:58  A memorable look back at some noteworthy GRE episodes. 28:31  GRE’s John Collins appears. 33:07  Real estate’s advantages and five profit centers. 34:16  Awareness of outdated investment paradigms.   35:05  Nearly every dollar you spend is related to real estate. 37:40  If you wait until you’re old to be gratified, did you win? 38:50  Sabbaticals. 43:30  Exposure to fresh ideas multiplies you in “unthought of” ways.   Resou

#99: Income property investors’ most commonly asked mortgage questions are answered by Ridge Lending Group President and CEO Caeli Ridge. There’s a lot of good news - the lending environment is loosening. www.RidgeLendingGroup.com Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:39  This episode is about conventional financing of income property. 02:58  Next week’s milestone Episode 100 will be special. 04:57  Caeli Ridge interview begins. 07:54  Seasoning of funds. Gift funds. 10:27  Reserve requirements. 60% of your retirement funds qualify for reserves. 13:37  LLCs. Married couples. 15:10  How wife & husband can get 20 conventional loans. 17:17  Cash-out refinances: two types - standard and delayed. 26:05  DTI - Debt-To-Income Ratio. 50% maximum. 28:00  How your DTI changes when you add a rental property. 31:23  Credit score. 33:39  How the mortgage lending industry is loos

#98: Turn your $100K into $300K over five years with five turnkey income properties. See exactly how. Also, Cap Rate, Cash-On-Cash Return, and Equity Management are explored. 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: 01:03  Special technique to help you get more rent for your property. 04:37  How to add value to a multifamily property via NOI and Cap Rate. 08:58  Cap Rates versus Cash-On-Cash Return. 11:51  Neighborhood character affecting valuation. 13:50  How to create wealth with five turnkey properties over five years. 21:24  Amazon lockers are changing apartment buildings and consumer behaviors. 25:02  Keith’s HELOC application was denied! Details. 27:02  Earthquakes. The return from home equity is zero. 31:29  The borrower is in control of a loan, not the lender. 32:22  Why “Live Below Your Means” Is Bad Advice. Resources Mentioned: CorporateDirect.com NoradaRealEstate.com R

#97: Generate $36,000 of monthly income and $10,000 of monthly cash flow per single-family residence used as an Assisted Living Home (ALH). Demographics tell the story. Our aging population means there will be more need for senior housing. Gene Guarino of the Residential Assisted Living Academy tells us why and how to own and operate ALHs. 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: 01:05  Get $5,000 - $15,000 cash flow per month from one single-family home. 01:37  Upcoming guests on future shows include T. Harv Eker and Tom Wheelwright. 02:50  40 million senior citizens today will balloon to 89 million by 2050. 05:15  Single-family homes - not giant institutional complexes - are a great niche for the individual investor / businessperson. 08:09  Don’t be involved in the day-to-day operation of the ALH. 09:13  Ideal ALH location. Home size 300-500 sf per person. 13:20  No commercial

#96: Keith’s story about starting in real estate, how to think abundantly, and leveraging the efforts of others to create wealth for yourself. Keith is interviewed by Kathy Fettke. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:20  Before you expand, appreciate what you already have. 05:44  Avoid the crowd constantly focused on “spending less.” They live half-dead. 08:41  An inspirational Dale Partridge quote to live by. 12:19  Starting big. Most people move & follow the money. Instead, make money follow you this way. 14:03  Buying a four-plex: 3.5% down, 12 months owner-occupy, minimum 580 FICO score. 15:51  Utilizing other people’s money. 18:26  Compound interest is lame and slow. Here’s why. 22:28  Don’t be debt free. Be financially free. 23:56  In RE investing, the property is only the fourth most important thing. 24:50  Here’s how Keith expanded his real estate portfolio wi

#95: The United States real estate market is compared with those in Australia and Japan. 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  Poor stands for Passing Over Opportunity Repeatedly - P.O.O.R. 04:00  A re-cap of Keith’s story. 07:10  Reasons why the U.S. real estate market is special. 09:14  Largest economies by GDP. 13:57  Australian real estate market overview with Marcus Whelan. 21:18  Japanese real estate market overview with Marcus Whelan. 27:14  Why the U.S. is special for income property, and business opportunity. 30:46  English-speaking is a major advantage that’s taken for granted. 32:45  Time vs. Money.   Resources Mentioned: GetRichEducation.com World's largest economies by GDP CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com

#94: Self-Directed IRAs and Checkbook IRAs potentially enable you to invest your IRA funds into income real estate, coffee farms, a vacation home, gold, a business, and more. But there are rules to follow. Today’s guest made an educational video to help you learn about this: www.premierlawgroup.net/gre 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: 01:52  Your Individual Retirement Account (IRA) doesn’t have to be invested in mutual funds. 03:47  Even if you don’t own an IRA, you want to know this in case you aggregate other investors’ money. 05:20  Right after college, Keith admits he actually used to think it was smart to invest in 401(k)s and IRAs. Once enlightened, he tore it down. 07:23  Keith tells you who his Self-Directed IRA custodian is. 12:52  Mauricio Rauld Interview. 14:27  What is a Self-Directed IRA (SDIRA)? 16:17  With a SDIRA, what can you invest in? What’s prohibited?

#93: U.S. Single-Family Homes rented as income property could be the best investment class on earth today. Here’s why, and here’s how to be strategic about it. 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: 02:15  Most people mistakenly think “real estate investing” means “house flipping.” 04:06  Keith is now a Contributing Author at Kiyosaki’s Rich Dad Advisors blog. 06:35  The S&P 500 Index recently closed at an all-time high. Who cares? 08:50  Size of the U.S. single-family rental market. 10:15  Demographic demand for SFHs. 12:35  SFHs: low cost, time value of money, liquidity, divisibility, school district. 16:00  Buy in 3-5 geographic markets. 18:42  Good turnkey providers avoid property in “war zones.” 23:04  Recession resistance. 23:42  Condominiums. 24:53  No common walls mean problems are confined. 25:57  Utilities, tenant quality, tenant psychology. 27:46  Autonomous cars

#92: Garrett Gunderson is our guest today. A polished and articulate speaker, he leads Wealth Factory to help you build wealth with limited risk. He helps you find spendable cash that you didn’t even know you had. He tells you why 401(k) plans are awful. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:33  Garrett was kicked off CNBC for telling the truth about stocks and diversification. 05:12  Where Garrett’s “abundance mindset” began. His upbringing in coal-mining Price, Utah. 08:30  A millionaire is not financially wealthy. Think bigger. 11:04  “Financial planners” and “advisors” are just commission-based salespeople. 12:45  Myths to avoid. 15:15  Long-term, stocks return zero or post negative returns. 19:42  Cash flow matters more than net worth. 21:02  Your four types of expenses. 27:03  Discover your “Investor DNA.” 30:33  “Budget” should be a swear word. 33:00  How Get Rich Ed

#91: While a rich man digs for gold, a poor man is concerned with the cost of a shovel. Learn how to think like a wealthy person, and make it actionable. Learn what Keith did during his typical week. Doing this yourself will build your wealth. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:50  Most financial advice is flawed and limiting. 04:14  Are you living your dreams or living your fears? 06:50  Delayed gratification. 09:00  401(k)-type contributions crush your current lifestyle. So what’s the answer? 12:38  Why would anyone contribute to a 401(k)? 15:13  Here’s exactly what Keith did this week himself that can build your wealth. 18:17  Actionable step on how to increase your property’s cash flow. (Loss runs.) 24:54  Keith applied for a 100% loan-to-value HELOC on his own home. He wants every last penny of equity pulled out of his home. Here’s why. 30:42  Refusing a REIT advert

#90: Harry Dent is our guest today. His fantastic predictions - like the Dow Jones cratering to 6,000 by early next year - get noticed because the depth of his research is so extensive. Harry authored the popular book “The Demographic Cliff.” Learn what Harry thinks about demographics, markets, and cash-flowing real estate in the turmoil ahead. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 04:11  Why it is more difficult than ever to make economic predictions today.   06:06  Stock markets are overvalued and due for a fall. 07:40  Demographics are powerful in making predictions. 08:03  Money printing. 09:50  Dow Jones Industrial Average to 6,000 by early next year? 11:45  Renting property for positive cash flow. 13:27  Vacancy rates - U.S., China. 14:33  Real estate bubble? What do you do? 16:08  Predictions: Real Estate vs. Stocks. 17:30  Demographics’ historic influence on real estat

#89: Little Rock, Arkansas is the capital of what some have called “The Most Landlord-Friendly State in the U.S.” Brian Teeter and Jeremy Veldman from LittleRockTurnkey.com tell us about the market drivers, management, and properties. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 03:48  Keith made a field trip to investigate the Little Rock, AR income property market. 09:14  Market drivers - medical, finance, capital city, population growth, low cost of living, short commutes. High economic diversity. 13:47  Kiplinger’s recently rated Little Rock as the #1 Place To Live. 15:05  Employment, job growth, population growth. 16:32  Is Arkansas the most landlord-friendly state in the U.S.? 21-day eviction. 17:53  Provider’s buying criteria: neighborhood, desirable amenities, safety, property age. 21:04  Better areas, better finishes, better tenants = better investments. 21:52  Price point o

#88: Learn how to predict real estate prices by looking at the direction of supply & demand, available land, migration patterns, financing and more. Fascinating! Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:26  Why Keith is happy that he sold all his stocks two years ago - even though they’re 8% higher now. 05:47  The FIVE ways that real estate pays you simultaneously. 10:06  Most RE investors “get rich in a niche.” David is a generalist. 11:48  Many cash flow RE investors actually get more profit from appreciation. 14:40  Price vs. Value. 16:43  Land. 20:35  Supply, Demand, and Capacity To Pay. 27:15  Market cycles. 35:15  The “U-Haul Factor.” 36:35  Financing’s role in predicting RE prices. 45:02  Inflation vs. Deflation.   Resources Mentioned: Hassle-Free Cashflow Investing Corporate Direct Norada Real Estate Mid South Home Buyers Get Rich Education Website Want a free GRE

#87: This clever technique can significantly boost your cash flow in your existing buy-and-hold real estate portfolio. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:48  To become wealthy with real estate, you don’t need any formal education or family connections. 05:09  With turnkey real estate investing over the long-term, you get: good returns, more control, less hassle. 07:18  A question about the 1% rent-to-value ratio from a Chicago listener. 12:31  How to use “lifestyle” real estate to help your “long-term buy-and-hold” real estate. 14:00  How to market this clever technique. 16:09  Benefits: better tenants, better occupancy, timely rent payments. 18:36  Vacation rentals in the U.S. vs. outside the U.S. 22:00  Management and maintenance structure of vacation rentals. 26:28  This technique can make your vacation rentals more successful too. 30:55  Foreign property ownership st

#86: Ken McElroy is our guest today. He’s the Rich Dad Advisor for real estate, controls more than 10,000 residential units, and is one of the best-known and most successful real estate investors in the United States. He reveals where he finds his deals today! Learn about how you can profit by acting just like the bank does. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:35  Keith brings you today’s show from Alyeska Resort in Girdwood, Alaska. 05:50  When real estate prices rise, cap rates fall. 7:58  Can’t beat the bank? Then BE the bank. Here’s how. 14:16  Why are (uninformed) people still saving money? 18:50  Here’s where Ken McElroy is finding his deals today. Primary, secondary, tertiary markets. 24:15  When oil prices fall, how soon does it hurt a real estate market? 28:17  Why Ken avoids buying in the U.S. Northeast, Southeast, and upper Midwest. 34:02  Demographics. 36:42  

#85: If you want more property, not less, you’ll structure your financial life to leverage more income property loans for yourself. Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in north Texas, talks down payments, debt-to-income ratios, credit scores, reserves, the overall lending environment, Refinancing vs. a 1031 Exchange, HELOCs and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 04:11  The last housing crash was primarily due to irresponsible lending practices. 05:18  We’re talking only about about 1-4 unit income property loans today, not primary residences. 06:02  The mortgage industry is preparing to loosen lending guidelines. 09:22  Reserve requirements - 100% of retirement assets count, up from 60%. 10:48  How to use the lowest down payment possible on a conventional loan. 11:39  Minimum down payments: 20% on single-family homes, 25% on

#84: Robert Kiyosaki is our guest today. He tells us about his friendship with Donald Trump, why he’s buying oil, discusses the four types of intelligence, and tells us about his long-predicted Economic Crash. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:24  Kiyosaki has influenced Keith’s investing thoughts more than anyone else. 04:17  A 401(k) is not a good investment. Why not? It doesn’t pay you. You pay it. 06:46  The words you use help define the life you live. Examples: “cash flow” vs. “budget” and “saving money” vs. “getting liquid.” 09:54  “Rich Dad, Poor Dad” meaning, and global reach. 19:36  What Kiyosaki learned from Donald Trump. 22:04  Four types of intelligence: IQ, EQ, PQ, SQ. 24:25  Savers are losers. Why would you save money? 25:24  Economic Crash of 2016? 27:54  Robert has lost money in business, but not in real estate. 30:05  How to invest $100,000 today. 33:38