Get Rich Education

#98: Turn your $100K into $300K over five years with five turnkey income properties. See exactly how. Also, Cap Rate, Cash-On-Cash Return, and Equity Management are explored. 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: 01:03  Special technique to help you get more rent for your property. 04:37  How to add value to a multifamily property via NOI and Cap Rate. 08:58  Cap Rates versus Cash-On-Cash Return. 11:51  Neighborhood character affecting valuation. 13:50  How to create wealth with five turnkey properties over five years. 21:24  Amazon lockers are changing apartment buildings and consumer behaviors. 25:02  Keith’s HELOC application was denied! Details. 27:02  Earthquakes. The return from home equity is zero. 31:29  The borrower is in control of a loan, not the lender. 32:22  Why “Live Below Your Means” Is Bad Advice. Resources Mentioned: CorporateDirect.com NoradaRealEstate.com R

#97: Generate $36,000 of monthly income and $10,000 of monthly cash flow per single-family residence used as an Assisted Living Home (ALH). Demographics tell the story. Our aging population means there will be more need for senior housing. Gene Guarino of the Residential Assisted Living Academy tells us why and how to own and operate ALHs. 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: 01:05  Get $5,000 - $15,000 cash flow per month from one single-family home. 01:37  Upcoming guests on future shows include T. Harv Eker and Tom Wheelwright. 02:50  40 million senior citizens today will balloon to 89 million by 2050. 05:15  Single-family homes - not giant institutional complexes - are a great niche for the individual investor / businessperson. 08:09  Don’t be involved in the day-to-day operation of the ALH. 09:13  Ideal ALH location. Home size 300-500 sf per person. 13:20  No commercial

#96: Keith’s story about starting in real estate, how to think abundantly, and leveraging the efforts of others to create wealth for yourself. Keith is interviewed by Kathy Fettke. 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: 03:20  Before you expand, appreciate what you already have. 05:44  Avoid the crowd constantly focused on “spending less.” They live half-dead. 08:41  An inspirational Dale Partridge quote to live by. 12:19  Starting big. Most people move & follow the money. Instead, make money follow you this way. 14:03  Buying a four-plex: 3.5% down, 12 months owner-occupy, minimum 580 FICO score. 15:51  Utilizing other people’s money. 18:26  Compound interest is lame and slow. Here’s why. 22:28  Don’t be debt free. Be financially free. 23:56  In RE investing, the property is only the fourth most important thing. 24:50  Here’s how Keith expanded his real estate portfolio wi

#95: The United States real estate market is compared with those in Australia and Japan. 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  Poor stands for Passing Over Opportunity Repeatedly - P.O.O.R. 04:00  A re-cap of Keith’s story. 07:10  Reasons why the U.S. real estate market is special. 09:14  Largest economies by GDP. 13:57  Australian real estate market overview with Marcus Whelan. 21:18  Japanese real estate market overview with Marcus Whelan. 27:14  Why the U.S. is special for income property, and business opportunity. 30:46  English-speaking is a major advantage that’s taken for granted. 32:45  Time vs. Money.   Resources Mentioned: GetRichEducation.com World's largest economies by GDP CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com

#94: Self-Directed IRAs and Checkbook IRAs potentially enable you to invest your IRA funds into income real estate, coffee farms, a vacation home, gold, a business, and more. But there are rules to follow. Today’s guest made an educational video to help you learn about this: www.premierlawgroup.net/gre 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: 01:52  Your Individual Retirement Account (IRA) doesn’t have to be invested in mutual funds. 03:47  Even if you don’t own an IRA, you want to know this in case you aggregate other investors’ money. 05:20  Right after college, Keith admits he actually used to think it was smart to invest in 401(k)s and IRAs. Once enlightened, he tore it down. 07:23  Keith tells you who his Self-Directed IRA custodian is. 12:52  Mauricio Rauld Interview. 14:27  What is a Self-Directed IRA (SDIRA)? 16:17  With a SDIRA, what can you invest in? What’s prohibited?

#93: U.S. Single-Family Homes rented as income property could be the best investment class on earth today. Here’s why, and here’s how to be strategic about it. 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: 02:15  Most people mistakenly think “real estate investing” means “house flipping.” 04:06  Keith is now a Contributing Author at Kiyosaki’s Rich Dad Advisors blog. 06:35  The S&P 500 Index recently closed at an all-time high. Who cares? 08:50  Size of the U.S. single-family rental market. 10:15  Demographic demand for SFHs. 12:35  SFHs: low cost, time value of money, liquidity, divisibility, school district. 16:00  Buy in 3-5 geographic markets. 18:42  Good turnkey providers avoid property in “war zones.” 23:04  Recession resistance. 23:42  Condominiums. 24:53  No common walls mean problems are confined. 25:57  Utilities, tenant quality, tenant psychology. 27:46  Autonomous cars

#92: Garrett Gunderson is our guest today. A polished and articulate speaker, he leads Wealth Factory to help you build wealth with limited risk. He helps you find spendable cash that you didn’t even know you had. He tells you why 401(k) plans are awful. 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: 02:33  Garrett was kicked off CNBC for telling the truth about stocks and diversification. 05:12  Where Garrett’s “abundance mindset” began. His upbringing in coal-mining Price, Utah. 08:30  A millionaire is not financially wealthy. Think bigger. 11:04  “Financial planners” and “advisors” are just commission-based salespeople. 12:45  Myths to avoid. 15:15  Long-term, stocks return zero or post negative returns. 19:42  Cash flow matters more than net worth. 21:02  Your four types of expenses. 27:03  Discover your “Investor DNA.” 30:33  “Budget” should be a swear word. 33:00  How Get Rich Ed

#91: While a rich man digs for gold, a poor man is concerned with the cost of a shovel. Learn how to think like a wealthy person, and make it actionable. Learn what Keith did during his typical week. Doing this yourself will build your wealth. 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: 02:50  Most financial advice is flawed and limiting. 04:14  Are you living your dreams or living your fears? 06:50  Delayed gratification. 09:00  401(k)-type contributions crush your current lifestyle. So what’s the answer? 12:38  Why would anyone contribute to a 401(k)? 15:13  Here’s exactly what Keith did this week himself that can build your wealth. 18:17  Actionable step on how to increase your property’s cash flow. (Loss runs.) 24:54  Keith applied for a 100% loan-to-value HELOC on his own home. He wants every last penny of equity pulled out of his home. Here’s why. 30:42  Refusing a REIT advert

#90: Harry Dent is our guest today. His fantastic predictions - like the Dow Jones cratering to 6,000 by early next year - get noticed because the depth of his research is so extensive. Harry authored the popular book “The Demographic Cliff.” Learn what Harry thinks about demographics, markets, and cash-flowing real estate in the turmoil ahead. 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: 04:11  Why it is more difficult than ever to make economic predictions today.   06:06  Stock markets are overvalued and due for a fall. 07:40  Demographics are powerful in making predictions. 08:03  Money printing. 09:50  Dow Jones Industrial Average to 6,000 by early next year? 11:45  Renting property for positive cash flow. 13:27  Vacancy rates - U.S., China. 14:33  Real estate bubble? What do you do? 16:08  Predictions: Real Estate vs. Stocks. 17:30  Demographics’ historic influence on real estat

#89: Little Rock, Arkansas is the capital of what some have called “The Most Landlord-Friendly State in the U.S.” Brian Teeter and Jeremy Veldman from LittleRockTurnkey.com tell us about the market drivers, management, and properties. 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: 03:48  Keith made a field trip to investigate the Little Rock, AR income property market. 09:14  Market drivers - medical, finance, capital city, population growth, low cost of living, short commutes. High economic diversity. 13:47  Kiplinger’s recently rated Little Rock as the #1 Place To Live. 15:05  Employment, job growth, population growth. 16:32  Is Arkansas the most landlord-friendly state in the U.S.? 21-day eviction. 17:53  Provider’s buying criteria: neighborhood, desirable amenities, safety, property age. 21:04  Better areas, better finishes, better tenants = better investments. 21:52  Price point o

#88: Learn how to predict real estate prices by looking at the direction of supply & demand, available land, migration patterns, financing and more. Fascinating! 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: 02:26  Why Keith is happy that he sold all his stocks two years ago - even though they’re 8% higher now. 05:47  The FIVE ways that real estate pays you simultaneously. 10:06  Most RE investors “get rich in a niche.” David is a generalist. 11:48  Many cash flow RE investors actually get more profit from appreciation. 14:40  Price vs. Value. 16:43  Land. 20:35  Supply, Demand, and Capacity To Pay. 27:15  Market cycles. 35:15  The “U-Haul Factor.” 36:35  Financing’s role in predicting RE prices. 45:02  Inflation vs. Deflation.   Resources Mentioned: Hassle-Free Cashflow Investing Corporate Direct Norada Real Estate Mid South Home Buyers Get Rich Education Website Want a free GRE

#87: This clever technique can significantly boost your cash flow in your existing buy-and-hold real estate portfolio. 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: 02:48  To become wealthy with real estate, you don’t need any formal education or family connections. 05:09  With turnkey real estate investing over the long-term, you get: good returns, more control, less hassle. 07:18  A question about the 1% rent-to-value ratio from a Chicago listener. 12:31  How to use “lifestyle” real estate to help your “long-term buy-and-hold” real estate. 14:00  How to market this clever technique. 16:09  Benefits: better tenants, better occupancy, timely rent payments. 18:36  Vacation rentals in the U.S. vs. outside the U.S. 22:00  Management and maintenance structure of vacation rentals. 26:28  This technique can make your vacation rentals more successful too. 30:55  Foreign property ownership st

#86: Ken McElroy is our guest today. He’s the Rich Dad Advisor for real estate, controls more than 10,000 residential units, and is one of the best-known and most successful real estate investors in the United States. He reveals where he finds his deals today! Learn about how you can profit by acting just like the bank does. 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  Keith brings you today’s show from Alyeska Resort in Girdwood, Alaska. 05:50  When real estate prices rise, cap rates fall. 7:58  Can’t beat the bank? Then BE the bank. Here’s how. 14:16  Why are (uninformed) people still saving money? 18:50  Here’s where Ken McElroy is finding his deals today. Primary, secondary, tertiary markets. 24:15  When oil prices fall, how soon does it hurt a real estate market? 28:17  Why Ken avoids buying in the U.S. Northeast, Southeast, and upper Midwest. 34:02  Demographics. 36:42  

#85: If you want more property, not less, you’ll structure your financial life to leverage more income property loans for yourself. Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in north Texas, talks down payments, debt-to-income ratios, credit scores, reserves, the overall lending environment, Refinancing vs. a 1031 Exchange, HELOCs and more. 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: 04:11  The last housing crash was primarily due to irresponsible lending practices. 05:18  We’re talking only about about 1-4 unit income property loans today, not primary residences. 06:02  The mortgage industry is preparing to loosen lending guidelines. 09:22  Reserve requirements - 100% of retirement assets count, up from 60%. 10:48  How to use the lowest down payment possible on a conventional loan. 11:39  Minimum down payments: 20% on single-family homes, 25% on

#84: Robert Kiyosaki is our guest today. He tells us about his friendship with Donald Trump, why he’s buying oil, discusses the four types of intelligence, and tells us about his long-predicted Economic Crash. 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: 02:24  Kiyosaki has influenced Keith’s investing thoughts more than anyone else. 04:17  A 401(k) is not a good investment. Why not? It doesn’t pay you. You pay it. 06:46  The words you use help define the life you live. Examples: “cash flow” vs. “budget” and “saving money” vs. “getting liquid.” 09:54  “Rich Dad, Poor Dad” meaning, and global reach. 19:36  What Kiyosaki learned from Donald Trump. 22:04  Four types of intelligence: IQ, EQ, PQ, SQ. 24:25  Savers are losers. Why would you save money? 25:24  Economic Crash of 2016? 27:54  Robert has lost money in business, but not in real estate. 30:05  How to invest $100,000 today. 33:38

#83: When should you turn your little green rental houses into a big red apartment building? Keith and Michael Blank from Bigger Pockets discuss this. Get profit-boosting tips on both buying apartment buildings, and syndicating them. 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: 02:38  Would you rather have 40 single family homes or 40 apartment units? 05:04  Tenant mix. 10:00  Michael transitions from the pizza restaurant business into raising money for real estate. 11:58  Running out of money is not your problem. It’s your opportunity. 12:31  RE Investor vs. RE Entrepreneur. 13:25  For syndicators, it’s easier to find the money than the apartment deal. 14:52  How do you find “the deal” today? 15:55  How do you get your offer accepted in a competitive climate? 21:26  Panama coffee parcel discounts up until June 30th. 23:32  Ways to increase a property’s NOI and cash flow. 28:06  Valu

#82: Your offer is accepted, your Earnest Money goes into to escrow, then your property has an Inspection, Appraisal, and more - all the way to closing. We discuss those steps, tell you what your action items are, and discuss how long the income property-buying process takes. 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: 02:00  Robert Kiyosaki will be our guest in two weeks. 04:11  Why we’re embarking on the best decade ever for income property investing. 05:41  Why would anyone sell you a cash-flowing property? Many reasons given. 11:59  How to identify a winning income property: RV Ratio, eliminate your emotion, turnkey buying. 17:48  Investors get excited by the next deal. Remember to protect what you have. 19:20  What your Mortgage Loan Officer needs from you. Pre-approval letter. 20:22  Can you negotiate the property price with turnkey providers? Yes. 21:15  Submitting your Earne

#81: At age 22 he was broke, clueless, and sleeping on the floor of a small home with ten other broke college guys. Then Sean Gray started to ask himself better questions. Within six months, he was making $10K+ per month, travelling the world, meeting his business heroes and “being who he is becoming.”   Today, at just age 24, he’s an author, speaker, international real estate investor, business owner, and Rich Dad Education rep. Sean is the son of The Real Estate Guys’ Russell Gray. 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: 03:12  Sean Gray Interview begins. 04:50  Sean’s father taught him how to think, and how to ask himself better questions. 07:10  Being unemployable. 08:37  Did Sean get any financial education in high school or college? 10:37  Sean’s top three keys to success: 1) Change how you think. 2) Get a mentor. 3) Change the people you’re around. 11:53  Sean’s income co

#80: Think you lack the time to invest in real estate? Consider Gino Barbaro. Gino is a husband, father of six, longtime former restaurant owner, and controls $32M of property along with his business partner, Jake Stenziano. They’re the two authors of “Wheelbarrow Profits: How To Create Passive Income, Build Wealth, and Take Control Of Your Destiny Through Multifamily Real Estate Investing.” It shows you dramatic, actionable ways that Jake and Gino increase property cash flows. 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: 01:20  Robert Kiyosaki will appear here with Keith next month. 03:57  GRE has a new Recommended Reading List: GetRichEducation.com/Read 04:48  What Keith dislikes about one popular RE investing book. 07:40  Millionaires are not wealthy. You heard that right. 08:46  Guest interview begins. 15:30  Business partnerships - what makes them work? 19:50  Wheelbarrow analog

#79: To be financially free, you must convert your equity into cash flow. Here's how. When you have money, are you led to temptation and “buy high”? When you need money, are you tempted to “sell low?” Learn how to break that behavior. Financial freedom through real estate recently enabled our guest to move from urban California to an Oregon farm. 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: 02:50  Financial freedom via real estate enabled David to move from urban California to an Oregon farm and orchard. 06:35  Once you know your “compelling why” it will embolden you. You act. 09:39  Quit trading your time for money. 12:53  Your Personal Investment Cycle versus the Market Cycle. 14:53  The essential investor resources of cash, cash flow, equity, credit. 17:17  Investing for profits vs. investing for wages. 22:30  What to do when your personal investment desires don’t match with marke