Get Rich Education

#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.

#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 Gro

#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

#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

#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,

#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

#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 ca

#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 parce

#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.  

#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!

#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 busine

#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?

#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 pri

#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 websit

#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!

#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 o

#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

#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 Pag

#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 val

#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: CashFl