Get Rich Education

You can afford an $8M apartment building. Perhaps you just haven’t really asked: “How?” The answer: syndication. Today’s guests are The Real Estate Guys, Robert Helms and Russell Gray. They’ve had a profound influence on me. If you’re an active real estate investor with some experience, caught the real estate bug, and want to go full-time, Robert and Russ are masters at helping you go bigger, faster with syndication. You can aggregate other investors’ money to buy a deal that you could not afford on your own, like a large apartment building, self-storage unit, or car wash. You must find both deals and investors. Syndicators must follow SEC rules. When you find a deal, the numbers must work for investors. But it helps that your project has a deeper story and meaning. Russell Gray provides an example. The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action Twice annually, they host the live, in-person Secrets Of Successful Syndication event. Resources mentioned: Show Notes: www.Ge

Housing intelligence analyst Rick Sharga joins us.  Learn about: plummeting home sales, delinquency and foreclosure rates, future home prices, interest rate direction, housing demographics, builder incentives to buyers, lender repossessions, and homeowner equity levels. I ask Rick: “Is a home price crash imminent?” 70% of mortgage borrowers have an interest rate of 4% or lower. They’re rarely motivated sellers. America should have a housing shortage for at least 5 to 10 more years. FHA borrowers are exhibiting financial distress. Overall, delinquency and foreclosure rates are low. We discuss recession prospects, and what will happen when student loans must be repaid. Home prices are stable or should increase modestly in many areas of the Midwest and Southeast. Home price declines should continue in: many western US areas, high-end homes, and Zoomtowns. They could correct 10% in California. Today, you can get mortgage rates in the 5s on new-build income property.  How? With builder incentives for buyers, espec

High inflation has a downside for real estate investors too. Property insurance costs are up 17% year-over-year. Turnover costs have surged 15%. Utility costs up 10%, property taxes up 4%. The obvious way to deal with higher property costs is to raise the rent.  I see more lease agreements where tenants must pay for $200 worth of repairs per occurrence. ChatGPT wrote real estate rap lyrics for me and even a podcast script. But I tell you why I won’t use either one. M.C. Laubscher, the Cashflow Ninja joins us. He tells us how to avoid big financial mistakes, earn tax-free returns with liquidity, and the defensive investing strategy mindset. He tells us why future tax rates will probably be higher. High cash value life insurance can help, sometimes known as the “Infinite Banking Strategy”.  Learn why liquidity is so important for today’s RE investor. We discuss how much cash you should hold onto. Is 6 months’ worth of expenses enough anymore? Resources mentioned: Show Notes: www.GetRichEducation.com/439 Cashflo

Why can’t you do it all yourself? That is, identify, acquire, manage a rehab, place a qualified tenant, and manage a rental property long-term. We talk with the Founder and Investment Coordinator of who may be the oldest turnkey provider in America today, Mid South Home Buyers. They make ugly houses pretty. They only acquire houses that the Founder would be proud to own himself. Mid South Home Buyers’ Terry Kerr and Liz Brody have repeat GRE buyers for their 2nd, 5th, and 9th investment houses in Memphis and Little Rock. They’re passionate about how they’re not snatching away homes from prospective first-time home buyers. They transform and improve neighborhoods. 4 years is the average tenant duration here. MSHB’s rehabs are extensive: new roof, new HVAC, updated electrical and plumbing, all-new flooring and new cabinetry. With national supply chain issues and inflation, they’ve doubled their inventory of supplies. Memphis International Airport is an astounding distribution hub for the types of jobs that make

New York City real estate has distinctions and quirks that you’ll find almost nowhere else in the world. Is it unreal estate? This includes: super skyscrapers, air rights, apartments with doormen, co-ops, pencil buildings, and rent control. Can you actually make money in NYC real estate? Incredibly, the national or world capital of all these are in NYC: banking, finance, communication, advertising, law, accountancy, fashion, arts, architecture, media, and more. 1 in 18 Americans live in the NYC metro area. The population is growing.  Guest Beth Clifford joins us.  She has an impressive set of experiences, including on Wall Street, with startups, and as an international real estate developer. Beth is a former NYC resident. Beth describes: how “air rights” are really development rights, pencil buildings, which apartments have doormen, and more. There’s a short-term rental arbitrage strategy in NYC where you could make money. But is it legal?  Join Thursday, Feb. 23rd’s GRE Live Event for Philadelphia, Pittsburg

I get political today. But first, I discuss jobs. How far will home prices fall? Innovation creates jobs. It does not destroy jobs. American innovation is one reason that we added over a half million new jobs just last month. All this new job growth and a robust GDP reading will keep us out of a recession for the next few months, maybe much longer. Both the US median home price (Case-Shiller) and inflation peaked last June.  The US median home price fell 2.5% from its peak.  Where are they falling? Where are the rising? We explore experts’ outlook for home prices. Five expert opinions all range from 2023 home prices rising 5% to falling 4%. Volatile, coastal markets are correcting down a little. Many stable markets in the Midwest and South are stable or rising a little. Beware of those that say, “It’s never been a better time to buy real estate.” That’s wrong. 2012 was better. 2021 was the worst time to buy real estate recently. Even these past few years, and today, it’s hard to find a better place to put you

Learn my new outlook for 2023 and 2024 home prices. First, I follow up on my real estate prediction of 9%-10% appreciation for last year. You learn exactly how I performed. Why aren’t real estate prices expected to rise or fall substantially in the near future? Affordability is an upside constraint to home price growth. Low supply protects against a substantial price downside.  So many have wrongly predicted a recession by now. (I have never said any such thing.) The latest GDP and jobs numbers beat expectations, frustrating gloom-and-doomers. It’s even possible that the Fed engineers a “soft landing”. Not all is well. 64% of Americans live paycheck-to-paycheck. America has galactic-sized debt. We have a labor shortage. Inflation is still high. Mortgage rates have hit a five month low, now near 6%. There are three ways you can save thousands of dollars in today’s real estate market. 1 - Many sellers are crediting income property buyers 2% of the purchase price at the closing table. You can use this to buy dow

Really… Detroit? It’s in America’s cash-flowing Midwest. But is there a stigma involved? Does it matter? In the 1950s, Detroit was the wealthiest city in the entire world, led by the manufacturing and automotive industry. But it endured a horrific economic and population downfall late last century due to aging manufacturing plants, high taxes, overregulation, poor services, corruption, and lack of public administration. Detroit even filed for bankruptcy. Between 2010 and 2020, the population of the Detroit Metro grew 2%+, per the US Census Bureau. Time magazine named Detroit one of the World’s 50 Best Places To Live—one of just five US cities. Our own COO, Aundrea Newbern, MBA, recently chose to move to the Detroit Metro.  The average Detroit income property from today’s guest provider rents for $1,100 to $1,200 and costs about $120K. These are renovated single-family homes, often brick. The Big 3 auto manufacturers are all headquartered in Michigan today. Detroit’s substantial employment sectors today includ

Learn the beginner's mistakes to avoid. Is setting up a real estate LLC even worth it? Learn how to build the right credit score for a mortgage loan, including why you actually don’t want a score over 800. If a cash flowing property is so great, why would anyone sell it to you? I outline a myriad of reasons. Should you make a lowball offer to a real estate seller? Learn negotiation techniques. Earnest money procedures are covered. The real estate buying process is slow. From the time that you make the offer, it can often take over 30 days to close the deal. Once your offer is accepted, I recommend a professional third party inspection. It can cost you $300 to $500 for a single-family income property up to $1,000 for a fourplex inspection. I cover property appraisals and how they verify the quality of the bank’s collateral. Learn how to get a good feel for your property manager and what their duties are.  I discuss the Management Agreement between you and your manager. Be sure to tell your insurance provider t

Everyone is moving here. Where is “here”? You get an answer that you never expected. Among those that move, it’s not for job-related reasons. It’s housing-related. The American mobility rate has declined from 20% in the middle of the last century to 8.4% today. Learn three reasons why more Americans are staying in-place. Lower domestic migration can have positive results like: less stress, more community formation, longer tenancies, and a boon for the remodeling industry. The negative impacts include headwinds for real estate agents and mortgage loan companies. Should you rent or own the home that you live in? Learn 18 rent vs. own trade-offs. Paying rent is NOT the same as throwing money away.  Join me live on tomorrow’s webinar about car wash cash flow. You can ask me questions. Register free now at: www.GREwebinars.com Resources mentioned: Show Notes: www.GetRichEducation.com/432 Join me live on tomorrow’s car wash webinar: GREwebinars.com Most Americans Couldn’t Afford To Buy Their Own Home Today: https:

What happens when a real estate investment goes sideways?  An international business was impacted—Panama coffee farms. The pandemic disrupted coffee supply chains and labor. Erratic weather affected crop yields. It’s been about four years since we’ve discussed this on the show.  The Panamanian government shut down many businesses. There was little or no government assistance for idled workers.  The co-founder explains Panama coffee problems and opportunities. Learn why the coffee parcel deed issuance has been slow for investors. There’s a new distribution partner going forward, named Typica. They help sell the coffee. This is all high-end, specialty coffee, like the geisha variety. Coffee farm parcels are in the volcanic soil highlands of western Panama, near Boquete. It’s shade-grown. The provider has acquired their 12th coffee farm. If you’d like to learn more about the investment, start at GREmarketplace.com/Coffee There are upcoming group tours in March and May. Resources mentioned: Show Notes: www.GetRic

Answer this one question and you won’t have money concerns for the rest of your life. The Dow Jones once fell so hard that it didn’t recover for 25 years Japan’s NIKKEI peaked in 1989 and still has not recovered. I discuss the differences between an economic recession and depression. During the 2008 housing crisis, national housing values only fell 19%.  Originally, 401(k)s were called “Salary Reduction Plans”. They had to scrap the name to foster participation. Some investing questions are: How do I max out my 401(k)? How can I attend my dream college? How can I become a millionaire? After building context, I reveal the most important question in the investing world. Learn how to keep emotions separate from investing. The vital question is: “Will this property secure an income stream?” Resources mentioned: Show Notes: www.GetRichEducation.com/430 National Median Home Prices: https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-m

Greed is defined as an “intense and selfish desire for something, especially wealth, power, or food”.  Should wealth be redistributed so that everyone is equal? “I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money.” -Thomas Sowell When I was a fresh college graduate, I resented the rich. I discuss the catharsis that made me change my mind. Our guest, Doug Casey, believes that college reinforces the wrong wealth mindsets. Today, one often hears that one should “pay their fair share” of tax. What does this really mean? If one obtains wealth with integrity, that wealthy person makes everyone else wealthy. I give the example of Jeff Bezos and Amazon. Learn why Doug believes that Social Security is a redistribution scam. Resources mentioned: Show Notes: www.GetRichEducation.com/429 Learn more about Doug Casey: www.InternationalMan.com His YouTube show is: Doug Casey’s Take Get mortgage loans for investment property: RidgeLendingGro

Higher returns and lower risk are expected with carefully-chosen real estate. Two hosts put me on the hot seat about rental property. I’m the guest. You get to listen to one of my recent interviews in the media today. Real estate deals are not as attractive today as they were 5-10 years ago. But it’s still the best place to invest your dollars today. The property is only the fourth-most important thing in real estate investing. I discuss the three bigger ones. I detail why real estate returns are multiples higher than those from the S&P 500. Learn why a total return of anything less than 20% in real estate is actually disappointing.  Housing inventory is up year-over-year, down over the past five years. From 1 (worst quality) to 10 (best quality), a 4 yields the best cash flow in long-term rentals. I describe why. Resources mentioned: Show Notes: www.GetRichEducation.com/428 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com JWB’s

Metaverse real estate is virtual. Can you make money with it? First, I discuss updates to 3-D printed homes and Boxabl homes. Next, our guest, Steve Hoffman, describes that metaverse is a virtual space where you can interact with virtual objects. There is no single metaverse. There are apps in the metaverse, like Second Life and Decentraland. Learn what makes a piece of metaverse real estate valuable or worthless. You often buy NFTs on the blockchain. With Upland, you can buy NFTs of real properties, like the Statue Of Liberty or Dodger Stadium. Our guest feels that metaverse real estate investing is highly speculative. It is risky and often akin to gambling. Metaverse economies are subject to monetary inflation. Does metaverse RE have any value? Steve runs the global innovation hub, Founders Space. Resources mentioned: Show Notes: www.GetRichEducation.com/427 Learn more about Steve Hoffman: FoundersSpace.com A current popular metaverse app: https://decentraland.org Get mortgage loans for investment property:

At times, 3-D printed homes, modular, and shipping container homes are not the answer for both single-family home and apartment construction. The promise of new truss and framing technology can substantially speed up conventional construction. This can solve many problems at once: housing shortage, labor shortage, and stubbornly persistent materials supply shortages. FrameTec is a technology that builds the roof truss, floor truss, and walls all in a forthcoming Arizona factory. Guests Damion Lupo and David Morris tell us about it today. The FrameTec process uses solar technology and reduces material waste. Learn more at FrameTec.com. It’s possible that there is still room for accredited investors. This is Made In America technology. Resources mentioned: Show Notes: www.GetRichEducation.com/426 Learn more about FrameTec: www.FrameTec.com Join me live on Thursday’s Florida properties webinar: www.GREwebinars.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail:

Get an update on how the work-from-home trend is good for residential RE and bad for office RE.  Office space values are down 17.5% from their recent peak. Americans must now earn at least $107,281 to afford the monthly mortgage payment on a median-priced home. The NAR expects 10% home price appreciation this year, 1% in 2023, and 5% in 2024. The tiny home movement is both architectural and structural. It’s defined as a home of 400 sf or less. Tiny homes are hard to find. In the US today, just 0.3% of listed homes are tiny homes. You can own a new-build tropical tiny home near the beach in Nicaragua for under $200K. Our own COO, Aundrea, bought one. She tells us about it. It’s on Nicaragua’s west coast. It’s not just an isolated tiny home experience.  There’s a community with a: restaurant, bar, bird watching area, butterfly garden, viewing tower, yoga area, and communal garden.  Often, loans aren’t available for foreigners. Here, you can get 50% or 80% loans. You can live in this tropical tiny home year-roun

The ideal inflation rate is zero just like the ideal theft rate is zero. When lower inflation (7.7%) was recently reported, mortgage rates experienced a record daily drop. I detail the implosion of crypto exchange, FTX. It was a Ponzi scheme. 2022 is the 2008 of crypto. Garrett Sutton and his son, Ted Sutton, announce the father-son succession plan. They are attorneys that help protect your real estate from lawsuits at Corporate Direct. Ted’s experience at a Chilean copper mine helped make him pivot from a mining engineering track and into law. RE investors have three main lines of defense: 1) Ethical operations. 2) Insurance. 3) LLC. Learn how to properly form and maintain an LLC. Don’t try to win a lawsuit. Avoid it in the first place. Learn why landlords get sued today. Corporate Direct provides free 15-minute consultations. Resources mentioned: Show Notes: www.GetRichEducation.com/424 Corporate Direct protects your biz & real estate from lawsuits: Corporate Direct  Garrett Sutton’s newest book: Veil

A housing crash is upon us. But it may not be the kind of crash that you think. I explain this sales crash means to the future of the housing market. Caeli Ridge, President of Ridge Lending Group joins us. She gives an exact prediction about where and when mortgage interest rates will peak. 37% of homeowners have no mortgage at all. Among those with a mortgage, 85% have an interest rate under 5% per Redfin. They don’t want to sell and give up their rate, constraining supply. It’s a nationwide lock-in effect.  A housing PRICE crash is not expected. Existing homeowners can afford their mortgages and have record equity. This is reflected in the low delinquency rate. The average age of first-time home buyers hit a record 36. Caeli Ridge tells you how to get a lower mortgage interest rate with different loan types. Investors keep their loan an average of 5-6 years. Ridge offers mortgage loans specifically for investors: plain fixed rates, non-recourse, DSCR, asset depletion, bridge loans, commercial loans, cross-c

Get our wealth-building newsletter free—text ‘GRE’ to 66866. Money is an abundant resource, not a scarce one. If you believe that money is so scarce that it’s more valuable than time, I provide the solution to that quandary today. Today’s guest, Victor Menasce, believes that today’s macroeconomic environment dominates local stories. We discuss how to navigate today’s higher mortgage interest rate environment. Banks could be on the brink of a concerning liquidity crisis today. Should central banks set interest rates or can free markets perform that role better? Learn what financial actions you can take in this era of global instability. Resources mentioned: Show Notes: www.GetRichEducation.com/422 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com JWB’s available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co Available Central Florida new-build incom