Get Rich Education

#198: The five ways real estate pays you, your monthly cash flow and using HELOCs are three listener questions that I answer today. Home inventory is so low that machine learning and artificial intelligence are being used to predict when someone is likely to sell. ATTOM Data’s Daren Blomquist tells us where today’s housing values are compared to pre-recession peaks. 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: 00:57 How would $1,500 monthly cash flow help me? 04:00 The “5 Ways” real estate pays you. 06:40 HELOCs. 26:16 Daren Blomquist interview begins. 29:00 Machine learning, artificial intelligence in real estate. 35:00 Higher mortgage interest rates = higher home prices. 38:18 National median housing prices vs. “pre-crash” highs. 40:30 Housing values in “stable” markets. 43:38 Get Rich Education TV. Re

#197: I dislike 401(k)s. They REDUCE your income. Sound investments INCREASE your income. Most people simply do not realize that there are alternatives to “defined contribution” retirement plans like 401(k)s, 403(b)s, 457s, IRAs, and Canadian RRSPs. Societal belief systems condition you into “Salary Reduction Plans” - which is, in fact, an early name of the 401(k)! The man credited as the “Father” and “Inventor” of the 401(k), Ted Benna, joins us today. He created and gained IRS approval of the first 401(k) savings plan. Even Ted laments that they should be “blown up”. They are not serving participants in the way they were intended. Ted & I discuss alternatives to 401(k)s. Personally, I don’t invest in 401(k)s. Admittedly, I used to, succumbing to poor financial education and societal conditioning. They’re not designed to begin paying you until between age 59.5 and 70.5. That’s a “life deferral plan” - awful. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionab

#196: For under $20,000, you can own deeded agricultural property. It produces cash flow from the crop harvest. Food is an innate human need. Earth’s population grows by 200,000 people daily. But arable land has decreased by 1/3rd in just the last forty years! You can invest in half-acre parcels of coffee and cacao for appreciation and cash flow. They’re deeded to you. The parcels are turnkey-managed by an expert team including agronomists, soil scientists, biologists, a value chain analyst, and laborers. These are higher-grade coffee and cacao varietals - specialty coffee and fine-flavored cacao. Coffee is the second-most traded commodity in the world (oil is #1). We discuss the benefits, risks, cash flow, and your projected ROI. Learn more: see the Coffee and Cacao Investor Reports. 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

#195: If I had maxed out a loser 401(k) when I worked a “day job”, you never would have heard my name. I'd still be working. Learn how to build multiple income streams. The average millionaire has 7 income streams. Be frugal with your time, not your money. I discuss the mindset around building passive income to have time freedom in your life. If you don’t invest in real estate, then how else will you acquire wealth? Options explored. Be yourself. When you strictly trade your time for dollars, you aren’t being yourself. When you have more time, it makes you more of what you are. Kim Butler of Partners For Prosperity joins us. She’s an original Rich Dad Advisor. She & I discuss retirement, the importance of passive income, and more. “Financial planning” has an ugly connotation. Kim & I break it down. We discuss why people keep investing in losing 401(k)s, IRAs, and other “life deferral plans”. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey rea

#194: The apartment building space is hot. Unless you’re experienced, you need help from an expert that can help you navigate today’s apartment environment. Brad Sumrok, “The Apartment King”, joins us today. His apartment building students get results, closing dozens of larger apartment buildings every year. Brad began with buying a 32-unit building in 2005. Today, he provides forecasts to the apartment industry, and hosts live training events. Tens of thousands listen to his every word. But is it too late to buy apartments today? Apartment prices keep running up. Cap rates are compressed. Now, interest rates are higher. Brad tells you where to look today. I ask Brad, “What’s an underlooked apartment market or niche today?” He names exact towns. Think you can’t afford a $5 million building? Yes, you can. Brad tells you how. Learn how to outbid others when there are multiple offers for an apartment. His in-person events draw large, energetic crowds and he fills bus cavalcades with hopeful investors on apartmen

#193: If you raise the rent, these deadly mistakes will make your tenant move out. Learn how to effectively raise the rent in a way that makes your tenant stay. Rent escalators. You learn how to leverage your rent hikes. I review exactly what to include and exclude from your Notice Of Rent Increase Letter. Where do I get my investing and real estate information from anyway? I tell you. ATTOM Data Solutions’ Daren Blomquist reveals the exact city where Amazon is most likely to locate their second headquarters (HQ2) based on their research. Flipping activity can be predictive of “up-and-coming" neighborhoods. 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: 01:42 You can leverage rent raises! 04:21 Mistakes to avoid in rent hikes. 07:01 Steps to raise the rent properly. Rent escalators. 10:36 Notice Of Rent In

#192: Your property can be damaged by Rent Control; so can your community. Today, you learn how to avoid it. You buy, sell, and rent your property at market value. But what happens when an outside force comes in and disrupts your “free market”? I also tell you about a major tenant problem from one of my own apartment buildings. To avoid losses, learn what clauses to put in your Lease Agreement. 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: 01:30 The Broken Window Fallacy. 06:42 30-year mortgages vs. 15-year mortgages. 07:53 Rent control. 20:21 A flood in my apartment. Renter’s Insurance. 24:33 Security deposit and last month’s rent. 28:10 Resort property with cash flow. Resources Mentioned: Keith’s Recommended Reading List Book: Economics In One Lesson The Landlord’s Almanac Placencia, Belize Investor Re

#191: What makes fourplexes such great wealth creators? Financing and economies of scale. But there’s one giant pitfall with many fourplexes. Today’s guest, Steve Olson of the Fourplex Investment Group (FIG) has an elegant solution to the pitfall. He tells us how to maintain your investment’s value for long-term returns. You need to safeguard yourself against neighborhood blight to protect your investment’s value. 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: 01:30 Fourplexes are the largest building for residential financing. 03:27 Safeguarding against neighborhood blight. 07:00 The FIG: Fourplex Investment Group. 09:09 How to repel neighborhood blight. 14:50 Pro formas. 17:48 Dealing with today’s compressed cap rates. 21:15 Pre-construction. 24:55 Exit strategy. 28:05 Fourplex prices. 32:55 Financing. 3

#190: Did you think that inflation only makes you poorer? Learn many simple examples about how inflation makes you wealthy. Here's a clue: inflation impoverishes savers and enriches debtors. MacroEconomist Richard Duncan joins us. He predicts the future direction of inflation and interest rates. Learn the difference between RE appreciation and RE inflation. Richard tells us why “money printing” no longer equals inflation. Globalization could be reversed. This pushes inflation higher. Richard tells you how to act in response to what’s coming. Richard’s brilliant economic work is at RichardDuncanEconomics.com. Get 50% off a MacroWatch subscription with the Discount Code “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: 01:03 I used to ask myself how RE investing could be any good. 02:18 Signs of consumer

#189: If an income property is so good, why would anyone sell it to you? You get answers. I tell you how long it took me to quit my day job to replace it with passive income. Single-family income properties vs. apartment buildings are compared. Invest in a growing place. Florida keeps growing due to: affordable housing, warmth, coasts, and it’s the only income tax-free state east of the Mississippi River. The Orlando, Florida area has grown 20%+ in just the last decade. Turnkey RE investing means that a property is: 1) Already rehabbed.  2) Tenanted. 3) Under Management. 4) Produces income from Day One. $80-$150K, 36-month avg. tenant duration, 1.8% property tax, rent-to-price ratio ~0.9%.   Areas north of Orlando work best. Some areas to the south have economies more dependent on fickle tourism. Learn more about investing in Orlando turnkey property at: GetRichEducation.com/Orlando Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investin

#188: Learn to run the numbers step-by-step on a real income property and determine your ROI on 1502 Merrycrest Drive in Memphis, TN. We discuss how to create your own economy. It depends on YOU, not the national government or the local economy. Your income property is merely a widget that secures an income stream. Many people self-manage and have no margin for professional management. You often get a better return passively than they do actively. Why pin your hopes on compound interest? Consider compound cash flows. Inaky Strick joins us to tell you what he’s learned from attending elite live events. 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:02 How to create your own economy. 05:23 Your income property is merely a widget that secures an income stream. 06:54 We run step-by-step numbers on 1502

#187: A mortgage is a tool. Used responsibly, you can control 5x as much real estate with 20% equity than you can with a paid-off property. Risk is discussed. If I could, I would want 100-Year Mortgages rather than 30-Year Mortgages on my properties. You’ll learn why. Graham Parham of Highlands Residential Mortgage joins us. He tell us the latest income property loan requirements today. We discuss conventional loans on 1-4 unit rental properties. Graham tells us about your Ability To Repay (ATR) factors that mortgage underwriters seek. We discuss your Debt-To-Income ratio limits, Reserve Requirements, interest rates today, credit scores, paying discount points, 30-year vs. 15-year mortgages, and appraisals.    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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:57 You can own and control more real estat

#186: You’re paid five ways as a real estate investor. Rich Dad Tax Advisor Tom Wheelwright and I add up those five rates of return and provide you with an estimated Year One ROI. We discuss how to make trips to visit your turnkey rental property a tax-deductible event. With the new tax law, taxes are adjusted for “inflation” more often than previously. But CPI isn’t used. It doesn’t keep up with “real” inflation. Tom is the author of “Tax-Free Wealth”. 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:00 The Masters Law. 04:39 Belize Investor Tour. 09:10 Tom Wheelwright and I on real estate ROI. 18:55 Real estate depreciation example. 24:34 Making your trip to visit your turnkey property a tax-deductible event. 33:23 Inflation and taxes. Resources Mentioned: More About Tom: Wealthability.com Belize I

#185: You learn how to market your property well. You will have more interested renters and buyers, better quality clientele, and more and better offers. Curb appeal, photography discussed. We discuss what makes a good turnkey RE investing provider, including how some property managers want your tenant to turn over so that they receive more leasing fees! Today’s guest owns a company that builds and provides new construction turnkey RE, which is why they have available inventory today. (Yes, really: today.) I recently visited their offices. Many managers don’t want to sign tenants to two and three-year leases because: 1) It’s easier to find tenants that sign one-year leases. 2) Managers get fewer leasing fees. Learn why today’s provider doesn’t do that. We discuss cash flow, rates of return and appreciation rates in Jacksonville, Florida. 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 new,

#184: Higher interest rates are obviously bad for real estate investors that make new purchases. Few realize that higher interest rates often translate into HIGHER housing prices. How could that be true? I explain. MacroWatch’s Richard Duncan joins us. He tells us why interest rates are likely to rise substantially in coming years. Learn why low inflation pushes down interest rates and why high interest rates cool an economy. Also learn why the U.S. is now destroying billions of dollars every month, and tariffs’ effect on interest rates. 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 02:13 How higher interest rates translate to higher home prices. 10:05 Decades ago, how Richard knew lower interest rates we coming in the early 2000s. 12:23 Why low inflation pushes down interest rates. 13:27 Higher inte

#183: There is an asset type where you can get both cash flow and have the peaceable enjoyment of the premises yourself. Most people regret buying vacation property because they’ve either found that: 1) They don’t use it often. 2) They’re managing it as a rental to others. 3) They bought a timeshare. Imagine being able to buy tropical beach property in Placencia, Belize: it’s closer to most of the U.S. than Hawaii, with warmer water than Hawaii, and at low prices like Hawaii had decades ago. Buy vacation property that provides you with monthly cash flow, is in an up-and-coming place, and is turnkey-managed. Sometimes you must ask: “What’s my Return On Life?” 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 03:46 One special world place with enormous opportunity. 06:39 Trends and indicators of new real e

#182: Using your home as an ATM or credit card? Is this irresponsible? A listener and I discuss the risks and rewards of using a Home Equity Line Of Credit (HELOC) to cash out your home equity for use in income property investing. Our guest is a Get Rich Education listener and Grammy-Nominated Music Producer Blake La Grange of San Diego, CA. Most people settle for “Maybe someday.” Instead, optimize what you have now. Use leverage, debt and equity, and arbitrage to your advantage. Blake & his wife played the speculative property appreciation game well. Their $585,000 home soon appraised for $700,000+. This provided equity for them to transfer into income property. 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: [02:44]  Meet Blake La Grange, San Diego-based GRE listener and Music Producer.

#181: Learn how to permanently reduce your taxes. At a W-2 job: the government gets paid first, Wall Street second, and you’re third. I recite “A Tale Of Two Real Estate Markets”. This story will shift your thought paradigm and make your jaw drop. Tom Wheelwright & I discuss income tax and capital gains tax - rates, history, and strategy so you legally pay the lowest possible rates. Learn why house flippers pay higher tax rates than buy-and-hold real estate investors. Where will tax rates be in the long-term future? Tom discusses. 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:02  “A Tale Of Two Markets”. 13:10  At a W-2 job: the government gets paid first, Wall Street second, you third. 14:05  Income tax, Social Security tax. 30:13  Capital gains tax. 36:48  Thoughts about where futur

#180: Stop looking at properties. (What?) I discuss. Are you in real estate for appreciation, cash flow, or something else? If you focus on cash flow, does that mean less appreciation, and vice versa? We discuss when a market becomes "too hot to buy for cash flow” any longer. The Midwest has more affordable property and better cash flow but less recession resilience. Dallas-Fort Worth keeps showing appreciation potential, but cash flow is drying up. When a market heats up, rents don’t “keep up” proportionally to a property’s market value. We also discuss low appraisals. Appraisals are what the bank uses to verify the quality of their collateral. 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:54  Stop looking at properties. (What?) 03:36  The importance of cash flow, appreciation. 07:07  Th

#179: Money is an abundant resource. I tell you why. When you’re looking to move accumulated equity, should you do a: 1) Straight sale. 2) 1031 Tax-Deferred Exchange. 3) Cash-out refinance. Avoid lazy money. My personal internet bill is $145, cable $126, phone around $100. Who cares? You learn how much I like to spend on a hotel. Uber and Lyft are killing the parking business. Learn how to estimate rental property operating expenses. 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 new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:52  Wealthy people’s money either starts in RE or ends up in RE. 02:03  Listener question about 1031 Exchange vs. Cash-Out Refinance. 13:20  Lazy money. 15:04  Other podcasts. 16:09  Free book. 19:11  More on Dave Ramsey. 20:26  Why money is an abundant resource. 24:36  “Uber Really Is Killing The Parking Business