Get Rich Education

#218: You can achieve 10.5% Cash-On-Cash Returns with debt investing. With Private Money Lending, you rent your money (not your property) to a borrower. Their real estate is your collateral. This way, you have greater passivity and stability than most equity real estate investing. You participate on the DEBT side rather than the EQUITY side of real estate investing. You have a fixed, predetermined rate of return. You are in first lien position. This means that if your borrower defaults, you can get paid back first. This is debt syndication. That simply means that a number of lenders make a loan on one construction project. Act and learn more: GetRichEducation.com/Lending Most lending durations are 12-36 months. Typically, that’s how long you receive monthly cash flow payments, with your principal returned at the end. Today’s guest, John Larson, Managing Partner at American Real Estate Investments, tells us about debt syndication in the Dallas-Fort Worth market. Medical and office space are often developed, wi

#217: Turnkey RE mistakes to avoid are discussed. Turnkey means “all-done-for-you”. You’re buying property already rehabbed, tenanted, and under management. You’ve outsourced work and sweat equity. Turnkey pros: less time, less rehab risk, instant income, built-in management. Turnkey cons: less rehab control, no sweat equity. Just because a company is called “turnkey” does not make them a good operator. I tell you how to reduce property repair costs. Today’s guests, Terry Kerr and Liz Nowlin of Memphis, TN’s Mid South Home Buyers, are exemplary turnkey providers. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:34 Turnkey does not mean “completely uninvolved”. 04:12 Control. 07:22 Unethical operator tactics. 09:02 Inspections. 09:43 Management. 13:05 How to reduce rep

#216: Hands-on real estate has its risks and rewards vs. passive investment. Learn about “scaling up” your portfolio into larger buildings. If you desire to build a large new construction project, you need financing, investors, contractors, and a team. Don’t do it alone. How do you afford all this? You can ethically take a Developer Fee for yourself. Our guest, Victor Menasce and I discuss the mindsets and actions around 10-plexes up to 200-unit properties. We also discuss: buying property on a corner, commercial financing, elevators & parking, new construction vs. rehabs, foundation issues, and mistakes to avoid when “going big”. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 04:18 Victor Menasce Interview begins. 06:27 Commercial financing qualification. 09:10 Re

#215: The economic recession is inevitable. How are you positioned for it? Recessions are awful. Jobs are lost, careers are thrown off-track, families are disrupted, homes are lost. The U.S. is now in its second-longest expansion since 1857 (not a typo). It will end. I define a “recession”, WHEN the next one is expected, and what actually happens inside one. Next, I run the numbers and tell you about a recession’s destruction. 5-6 economic signals foretell the next recession’s timing. I discuss these signs. Learn how a recession could actually be good for you. Something is more important to you than the economy’s condition. I discuss. Learn actionable strategies to insulate yourself against recession. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:25 Recession defin

#214: One U.S. real estate market is experiencing 6-9% appreciation, cash flow, rapid population growth, low housing prices, low property taxes, and zero state income tax. I visited the market earlier this year. In fact, I just bought two properties from them myself here. This area also has a low unemployment rate, proximity to great beaches, and pro-landlord law. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:30 Summary of New Orleans Investment Conference. 04:23 Mark Skousen’s dividend-paying stock picks: MAIN, OHI, EPD, MSFT. 05:29 California’s defeated rent control measure. 08:14 Amazon will name two new HQ locations. 11:39 Tampa market discussed. 15:26 Hurricane insurance. Properties located inland, not in flood zones. 19:40 Finding the “sweet spot”. 24:21 Typi

#213: Your tenants are businesses, not families, in commercial RE. Tenant screening is different than residential. You must vet your applicant’s industry viability and corporate finances. Leases often last 3 - 15 years in industrial, retail, office, and warehousing RE.   Single-Tenant vs. Multi-Tenant Commercial differs in risk, lease duration, more. A “big name” tenant means you must accept a lower investor return. Find the sweet spot. Tom Wilson, Principal of Wilson Investment Properties and commercial RE expert, joins us. Tom tells us how commercial has higher cap rates than multifamily today. Two myths Tom & I dispel: retail is dying, America does not manufacture anymore. Terms discussed: triple net lease, anchor tenant, credit tenant, commercial depreciation, tenant improvements (T.I.). I discuss brick-and-mortar retail vs. e-commerce. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREtu

#212: Really? Yes. I unpackage it all. In fact, these are the words of the Top-Selling Personal Finance Author Of All-Time, Robert Kiyosaki. *[Complete transcript far below - you can follow along]*  Look, I have no savings account. I own no stocks, bonds, mutual funds, nor ETFs. I have no plans to pay off my home, though I could. Instead, it’s about durable passive cash flow. Either you can be conventional, or you can be wealthy. Pick one. I tell you how savers can be losers and debtors can be winners. Inflation amplifies this notion. Keep a high velocity of money. You wouldn’t tolerate a lazy employee, so why tolerate lazy money? Then I discuss how high real estate prices and higher interest rates will affect you. More Americans believe renting is cheaper than owning their own home. I tell you why your ROTI increases throughout your life. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey

#211: Learn from Rich Dad Real Estate Advisor Ken McElroy. We discuss debt mindset, cash flow, how to manage your team, how to vet property managers and contractors, screen tenants, how to avoid bad partnerships. Ken owns $1 Billion worth of apartments. He needs to place $70M-$80M worth of cash soon, and trade $300M of real estate the next three months. Don’t say: “I can’t afford it.” Ask: “How can I afford it?” Your financial income will never exceed your self-concept. Overcoming your aversion to debt leads to wealth. Cash flow vs. capital gains investing discussed. See Ken’s instructional videos at kenmcelroy.com/videos. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 03:55 Mindset and self-concept. 09:05 Debt. 13:20 Cash flow vs. capital gains. 20:20 Paying taxes. 25

#210: What you expect of yourself is exactly what you’ll end up getting. Learn how to set up a life full of options, not obligations. If you have an undesirable job and think you can’t switch to a happier, lower-paying job, I tell you how to. How can you justify living a life where you celebrate when every week is over? I update you with an asset class price whiparound: real estate, stocks, oil, gold, interest rates, wages and unemployment. Next, I answer four of your listener questions: Should I put 15% or 20% down payment on a property?   After buying ten properties, what’s next?   Mistakes to avoid with the 1031 Exchange?   Should I self-manage or hire professional property management?   I bring you today’s show from Anchorage, AK. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this we

#209: You’re getting taxed in sneaky ways - both everywhere you look, and also where you DON’T look. Americans spend more on taxes than housing, food and clothing costs combined. Real estate has the best tax shelters - tax-deferred exchanges, rent income exempt from Social Security and Medicare tax, and tax depreciation sheltering more of your rent income. Today’s guest, FOX News and CNN TV Contributor Kristin Tate, uncovers hidden taxes that you don’t even know that you’re paying. Stealthy taxes are killing you. They’re often disguised as fees, licenses, and surcharges. Once citizens pay a new tax, they get used to it, and just keep paying it. Housing taxes, transportation taxes, utility taxes are often hidden. You learn where. Your tax revenue often goes to a “general fund”, not where it “should”. Graduated Tax vs. Regressive Tax - definition, relevance. Sin taxes. We discuss what you can do to beat excessive taxation. Kristin’s book, “How Do I Tax Thee” is on Amazon. I bring you today’s show from Locarno,

#208: With a $55,000 annual contribution limit, the QRP gives you checkbook control of your IRA. You can invest your retirement money in nearly anything. Retirees are suffering with 401(k)s and IRAs. QRPs provide a better way. Damion Lupo tells us how. QRPs avoid the UBIT tax. Self-directed IRAs do not. Learn more from Total Control Financial by texting “QRP” (ALL CAPS) to 72000. QRP stands for Qualified Retirement Plan. You can invest in nearly anything with your retirement funds, get a $50,000 line of credit, and creditor protection. With Self-Directed IRAs, you might have to pay tax on leveraged gains; QRPs are exempt. With QRPs, you can invest in residential property, metals, cryptocurrency, options, tax liens, notes, vacant land, mobile home parks, more. You can set up a QRP with less red tape than a Self-Directed IRA. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my

#207: I am a spender. Our guest is a saver. Spenders defer financial wealth. Savers defer quality of life. This interview takes a sweeping turn when our guest tells us he’s “very frugal”, because I’m not. Hear my “The Spender vs. The Saver” commentary in the last ten minutes of the show. The creator of one of the world’s most successful real estate investing apps, Anton Ivanov and the DealCheck app, joins us today. I’ve used myself. It’s great, and free. For 25% off the optional premium upgrade, use Discount Code GRE25OFF. From his San Diego homebase, Anton has grown his nationwide portfolio to 35 units and $11K of monthly cash flow. He owns in Kansas City, Birmingham, and Atlanta. The Spender vs. The Saver: there is no right or wrong. This is why it is called PERSONAL finance. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths

#206: Student loan debt vs. real estate investing. Where should you devote your dollars? You get answers. I tell you how to eliminate investing “uncertainty”. The “BRRRR” real estate investing strategy is discussed - pros and cons. It’s a hybrid between flipping and buy-and-hold. Turnkey vs. BRRRR real estate investing. I cover the history of mortgages from the 1930s to today. FDR and World War II had substantial impact. Fannie Mae was born in 1938. Freddie Mac didn’t begin tracking mortgage rates until 1971. 2000 was the last year that mortgage rates (30-year FRMs) exceeded 8%. The median 30-year mortgage rate since 1971 is 7.7%. Let’s meet in-person at the New Orleans Investment Conference. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:13 Student loan debt vs. r

#205: A dollar is not money. Money serves three purposes. It is a:   #1: Medium Of Exchange   #2: Unit Of Account   #3: Store Of Value There is an opportunity for you to invest in cash-flowing real estate in Cleveland (link). After discussing the roles of money, currency, and real assets, we discuss the Cleveland, Ohio real estate investing market. Generally, if a place is too desirable to live in, it is a bad place to invest in long-term rental real estate for cash flow. But it must be attractive enough to retain residents. Cities must reinvent themselves when manufacturing wanes. Cleveland has doubled-down on medical technology and has become a world leader in health care. Eight Fortune 500 companies are headquartered here. The Cleveland Clinic is a world health care leader. Neighborhood selection, pockets for long-term appreciation and cash flow discussed. Typical in Cleveland: 3 BR / 2 BA, $700 - $1,000 rent, $80,000 price, 2% property tax. This provider: financing-friendly, in-house management, guarantee

#204: Your real estate ROI could be a billion dollars. Even if your property never appreciates nor pays you the other four ways, I discuss a little-considered way where you’re STILL profiting. Real estate price and value are different. “Return ON Equity” vs. “Return FROM Equity” discussed. Are you leveraging appreciation or leveraging inflation? Inflation assists leveraged real estate investors 3 ways: asset inflation, debt debasement, and higher cash flows. Real estate flipping vs. investing is discussed with Matt Theriault. Matt and I discuss the mindsets around passive income vs. active income. The importance of markets and teams. __________________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Listen to this week’s show and learn: 02:13 Your ROI. 03:54 If your property never appreciates or pays you, here’s how you profi

#203: Doctors’ debt is $200K-$600K+ after medical school. Should they pay it off or invest in real estate instead? Most view doctors as “successful” - they help people and earn more than most. Dr. Buck Joffrey joins us. Are doctors “too academic” to be concerned with investing? They miss out. Get his great Wealth Formula Roadmap Course. Young doctors often ask veteran doctors what to do with their money. They get referred to a typical financial advisor. “The Rule Of 72” is misleading. Mutual fund investors often make zero return. It is impossible to build substantial wealth without (good) debt. That is, debt that’s outsourced to others, like tenants. I give a concrete example of how debt creates wealth for you with a $1M building where you make a small down payment. Inflation dilutes the weight of your debt. Wealth Formula = Mass x Velocity x Debt Dr. Joffrey’s first apartment building was bought based on “a promise” - a pro forma on a Class D building. It was awful. _______________ Want more wealth? 1) Grab

#202: $108,000 was my highest salary from my day job. I discuss. There’s high housing demand and low supply. Then why are homebuilders slowing down? You get answers. SFHs comprise 30-35% of all U.S. rentals. 90% of rental SFHs are owned by “mom & pops”. Learn how to exploit real estate’s geographic arbitrage. How are you living? Metaphorically, are you using water buckets or a sprinkler system? Meet me in-person at the New Orleans Investment Conference, Nov. 1st to 4th. I made an infographic to send you: “The 5 Ways Real Estate Investors Get Paid”. _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 02:12 Supply vs. Demand and “Capacity To Pay”. 03:59 Homebuilding slowdown. 10:40 SFHs comprise 30-35% of all rentals. 90% of rental SFHs are owned by “mom & pops”. 13:02 Geographic arbitrage

#201: Your down payment, credit score, reserves, debt-to-income ratio necessary for an income property loan are discussed. Ridge Lending Group President and CEO, Caeli Ridge, also tells you 15% of appraisals come in low, 80% right on, and 5% above the contract sale price. Can a bank call your mortgage loan payment due-in-full anytime? Short answer is “no”. We discuss. Learn some good options after your first 10 loans (single) or 20 (married) are exhausted. We discuss the effect of higher mortgage interest rates on your cash flow. HELOC interest is not always tax deductible. Be mindful that Trump doubled the standard tax deduction threshold. _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 02:58 Receiving sale price discounts for paying cash rather than financing property. 08:48 Two sets of un

#200: Discover your “why” in life and real estate. You should have a selfish why and an altruistic why in real estate investing. I summarize today’s economy and asset values: GDP growth, real estate, stocks, interest rates, cryptocurrency, oil, dollar, precious metals, The Fed. As a Forbes writer, I’m going on offense, not defense. You hear the audio clip: “7 Minutes To A Wealthy Mindset”. Enjoy this milestone 200th Episode - the Bicentennial Installment of GRE! _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:52 Up and down market cycles. 02:02 You live a great life. 04:33 Your “why”. 10:02 Why I’ll never paint a wall or mow a lawn again. 14:58 Programming changes. 16:07 Today’s economy, GDP, asset values. 25:12 At Forbes, I’m going on offense, not defense. 26:52 Audio clip: “7 Minutes To

#199: He thought this show was dumb, debt was bad. He originally listened to laugh rather than for financial education. In 2009, Get Rich Education (GRE) listener Dustin Jones suffered a personal bankruptcy as a result of high real estate commercial debt tied to properties with declining value. His goal was to be debt-free by age 40. In 2015, that all changed when he began listening to Get Rich Education. He learned that financially-free beats debt-free. Now Dustin embraces debt again by strategically turning equity into cash flow. He has $781,000 in debt, and hopes to have $1.1M to $1.2M by year-end. Isn’t that counterintuitive? It’s a fascinating story of tragedy, resilience, learning, strength, and self-belief with remarkable Michigan-based GRE listener Dustin Jones. _______________ Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to t