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 tra

#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  

#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-ad

#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 Far

#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 com

#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  Wh

#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 mul

#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 t

#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 G

#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 lim

#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

#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 Sourc

#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.

#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,

#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

#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

#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.   Reso

#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 whi

#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.  

#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  P