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Real Estate Investing with Keith Weinhold
This show has created more financial freedom for busy people like you than nearly any show in the world.
Wealthy people's money either starts out or ends up in real estate. But you can't lose your time.
Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself.
I'm show host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes.
I serve you ACTIONABLE content for cash flow on a platter.
Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN.
Why live below your means when you can grow your means?
Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate.
New episodes are delivered every Monday.
31: What Drives Real Estate Values and Rents
#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 price indicator resource International Coffee Farms website For a generous discount on this investment, E-mail your contact info. to [email protected] GRE has a new Android App! Download it at Google Play. You can keep the GRE icon right on your phone’s home screen!
33:4215/05/2015
30: How To Talk Like An Investor – Vocab. Rehab. #3
#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 website E-mail [email protected] and provide your contact info. for a generous discount on this investment, only for Get Rich Education listeners. You aren’t obligated to buy anything. Investopedia.com GRE has a new Android App. Download it at Google Play!
32:5908/05/2015
29: What’s Your “One Thing?” with Don Hobbs
#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!
27:1301/05/2015
28: Sustainable Agriculture Investing with David Sewell
#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 of your projected cash flow payouts. 34:10 The coffee farm parcels that Keith owns is the only real estate in his portfolio that he will never sell. 34:30 Farm tours are open to both investors and those just potentially interested. 38:55 David Sewell reveals the very generous offer that he makes just for Get Rich Education listeners by sending your name & contact info. to [email protected] Resources mentioned: International Coffee Farms website E-mail [email protected] and provide your contact info. for a generous discount on this investment, only for Get Rich Education listeners through July 31, 2015. Specialty Coffee Association Of America – coffee points grading system AudibleTrial.com/GetRichEducation - Get your free audiobook & 30-day free trial Join the GRE Facebook Page New! GRE is now on SoundCloud
43:3324/04/2015
27: Making Raw Land Cash Flow with Mark Podolsky of The Art of Passive Income Podcast
#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
37:2817/04/2015
26: You Own A Multi-Billion Dollar Asset
#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 Page Now On Twitter - Follow GRE! New: You can now hear GRE on SoundCloud
24:3010/04/2015
25: Ken McElroy | Rich Dad Advisor for Real Estate | Real Estate Strategies with Ken McElroy
#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 value to multifamily properties. 25:30 How large of a property does it take for on-site property management to make sense? 27:47 How Ken beats out other offers for a property that he wants to buy. 31:28 The time and freedom that real estate investing affords Ken’s family. 32:46 The advice that today’s Ken McElroy would provide to a 20-year-old Ken McElroy. Resources mentioned: www.KenFlix.com - Online video tutorials from Ken! www.KenMcElroy.com www.MCCompanies.com Ken McElroy’s top-selling book The ABCs of Real Estate Investing Robert Kiyosaki’s new book Second Chance Get any free Audible audiobook & 30-day free trial Join the Facebook Page Now on Twitter! New: you can listen to us on SoundCloud!
38:2203/04/2015
24: J. Massey of Cashflow Diary | How He Amassed Wealth With No Money
#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: CashFlowDiary.com/MoneyTool Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! Follow us: @GetRichEd
38:1827/03/2015
23: Podcasting Behind The Scenes with John Lee Dumas f/ The Dave Ramsey Show
#23: John Lee Dumas, likely the world’s best-known podcaster, joins us today. John has grown the popular Entrepreneur On Fire podcast to generate several million dollars of revenue every year. Listen to this week’s show and learn: 02:31 Keith is on a mission to turn more “nobodies” into “somebody” than anybody. 04:10 A great tip for those that manage their own investment properties. 05:15 Keith is picky with whom he has on the show, and why he arranges episodes in a certain order to best serve you. 07:09 Why Get Rich Education chooses to release episodes on Fridays. 07:51 The Get Rich Education podcast is a money loser. Keith opens up with how he feels about podcasting. 11:21 The importance of relationships. Attend events in-person. 12:32 John Lee Dumas has pushed the limits of the podcasting frontier and helps others start podcasting with Podcasters Paradise. 15:31 John Lee Dumas makes his debut on Get Rich Education. 18:25 Why John began podcasting and how he does a show 7 days a week! 23:25 When John began, he was an awful podcaster. 26:20 Keith and John discuss the difference between “success” and “significance”. 29:14 John’s favorite internet resource that will help you maximize your “Return On Time Invested”. 32:04 John’s real estate investing experience. Resources mentioned: EntrepreneurOnFire.com EOfire.com/income Podcasters Paradise Schedule Once Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! Follow us: @GetRichEd
34:2820/03/2015
22: How To Interview A Property Manager with Jay Hartley & Mad Money w/ Jim Cramer
#22: Jay Hartley, Director Of Investments at Classic Property Management in Arlington, TX acquires, leases, and manages property in the Dallas-Fort Worth (DFW) metro. They’re often newer-built brick single-family rental homes. Listen to this week’s show and learn: 03:14 Why Keith lives in Anchorage, Alaska. 06:03 Comparing Memphis, TN and Dallas-Fort Worth, TX real estate investor markets. 08:12 A quick determination of how a property can provide you with monthly cash flow. 13:44 DFW’s “sweet spot” for investment properties is between $130,000 and $170,000. 15:26 How Jay advises you about higher Texas property taxes. 18:15 The character of your tenant and occupancy rate in this market. 27:35 Property Manager interview role-play with Jay Hartley. 32:54 How Classic Property Management screens tenants. 38:26 Classic’s fee structure, monthly reporting, and how they pay you your cash flow. 41:20 Jay wants to interview prospective investors to see if they’re a good fit for Classic. 42:04 Bonus: Listeners continue to be a “fly on the wall” even after the mock interview as Keith & Jay chat off-the-cuff. Resources mentioned: www.ClassicPM.com Jay Hartley direct: [email protected] or (817) 640-2064 ext. 1212 www.Narpm.org www.Realtor.org www.TexasRealEstate.com Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! Follow us: @GetRichEd
46:3313/03/2015
21: About Me and Anchorage, Alaska's Real Estate Market
#21: Get Rich Education is about you. In a personal episode, this turns around and you learn more about your host, Keith Weinhold. You also discover Anchorage, Alaska’s real estate market, economy, and great quality of life. Listen to this week’s show and learn: 02:06 The parenting influence that Keith grew up in helped foster an abundance mentality. It wasn’t wealth. 04:58 Keith spent a year living in a swimming pool maintenance hut. 08:00 Moving from Pennsylvania to Anchorage, Alaska. 09:10 The time and money lies people tell themselves. 11:53 You cannot buy happiness. You live happiness. 14:10 The first property Keith ever bought was an Anchorage four-plex building. 18:10 The secret is this: “There is no secret.” 22:12 You can be a fountain or be a drain. 23:23 Anchorage, Alaska and its real estate market. 26:15 Alaska’s #1 economic driver is oil, making it one of the wealthiest US states. North America’s largest oil field is in Alaska. 27:50 Anchorage has the 2nd-busiest cargo airport in the United States. 28:45 Demographic factors influencing Anchorage’s rental market. 31:20 Rental property character in Anchorage. 32:41 The great lifestyle Anchorage offers that few know about. Resources mentioned: Anchorage Wikipedia Page Housing near-gridlock in Anchorage Oil in Alaska Roy Briley Property Managers Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! Follow us: @GetRichEd
37:2306/03/2015
20: How To Talk Like An Investor - Vocab. Rehab. #2
#20: Vocabulary is integral to advancing your investor life. It attracts the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and how you might use them in a sentence. Listen to this week’s show and learn: 02:28 Keith discusses New York City. 06:55 How you pull yourself up from middle class. 09:28 Being the best version of yourself. Vocabulary Terms: 10:44 Accredited Investor. 13:08 Appraisal. 15:30 Assessment. 16:35 Capex (Capital Expenditure). 17:33 Capital Gain, Capital Gains Tax. 20:08 1031 (Tax-Deferred) Exchange. 23:12 Debt Service. 23:48 Mortgage. 25:06 Rate Hike. 29:12 Rent Control. 30:07 ROTI. Resources mentioned: Investopedia.com Investor.gov Janet Yellen MidSouthHomeBuyers.com Rent Control laws by state Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! @GetRichEd
33:5227/02/2015
19: Tax-Free Wealth and The WealthAbility Show with Tom Wheelwright, CPA
#19: Benjamin Franklin said, “In this world, nothing can be said to be certain except death and taxes.” Has today’s guest, Rich Dad Advisor Tom Wheelwright, CPA, turned that upside down with his popular book, Tax-Free Wealth? Tom’s firm could help you permanently reduce your taxes, like he has done for Keith. That’s like a risk-free return. Listen to this week’s show and learn: 03:30 Michael Jordan had coaches and teammates. To grow large, you’ll eventually need them too. 06:25 Over the course of your life, your greatest financial expense will be taxes. 11:43 This is the largest new tax change for real estate investors since the 1980s. 15:07 How to save tens of thousands in taxes with a Cost Segregation. 22:20 The “magic” of depreciation. 29:31 Why you should pay zero tax on your real estate – no capital gains tax and no tax on your cash flow. 32:35 Why not to use your IRA to invest in real estate. 35:55 The tax benefits of oil & gas direct investing vs. oil & gas stock investing. Resources mentioned: www.ProvisionWealth.com or call 1-866-467-5809 www.Reefogc.com www.AudibleTrial.com/GetRichEducation - Get a free audiobook & 30-day free trial. Tax-Free Wealth book by Tom Wheelwright
43:2820/02/2015
18: Direct Investing in Oil & Gas Wells with Mike Mauceli - like BFFs featuring Josh Richards and Dave Portnoy & The Peter Schiff Show Podcast
#18: Cash flowing real estate is not confined to residential, commercial, industrial, office, agricultural, retail, and storage. Consider oil & gas wells. Mike Mauceli, CEO of Reef Oil & Gas Companies in Richardson, Texas, explains this direct investment opportunity in producing oil & gas wells. Monthly cash flows and terrific tax benefits are typically provided to investors. Listen to this week’s show and learn: 02:03 What is a real estate “syndicator”? 09:08 The minimum amount one needs to invest with Reef. An investor does not need a certain credit score, liquid reserves, debt-to-income ratio, nor accredited investor status. 11:00 The difference between investing directly in Reef Oil & Gas Companies vs. oil & gas stock. 13:35 Today’s drilling techniques may reduce the risk of “hitting dry holes”. 22:03 Interests in reducing environmental impacts of oil & gas extraction. 25:44 Does Reef have “skin in the game”, investing alongside the individual investor like you? 28:14 How Reef’s teaming with a large investment company helps them acquire larger projects. 31:45 How the recent drop in oil prices affects investors. 35:35 World geopolitics and the price of a barrel of oil. 39:43 Why you are an oil & gas investor already. 40:25 How Reef is paid and how you are paid, and your potential tax benefits. 44:52 Minimum investment amount, rate of return range of past funds, liquidity, tax advantages, and possible multiple returned to you on your initial investment amount. Please listen to the disclaimer at the end of the show. Investing involves risk and you can lose money. Resources mentioned: www.Reefogc.com www.Reefogc.com/drillingandincomefund/ Reef Oil & Gas Co. phone number 1-877-915-7333 www.TomWheelwright.com
52:5913/02/2015
17: Knowledge Is Not Power. This Is. f/ BiggerPockets Real Estate Podcast
#17: Thoughts are not enough. You must act. Recorded February 1st, 2015, in Anchorage, Alaska, Keith provides a motivational performance this week. This content has spurred his students from thought into action by purchasing their first-ever investment real estate. Listen to this week’s show and learn: 01:20 You own your mind free and clear. There is no mortgage debt against your mind. 02:58 This common advice that you have heard must be specifically avoided it if you ever want to be successful. 07:50 How long should you get educated on real estate investing before you act? 09:48 Three specific real estate investing actions for you to take. 12:00 Mortgage “Pre-approval” vs. “Pre-qualification”. The value of meeting with your mortgage lender, even if you think you can’t get a loan. 16:07 Section 1031 Tax-Deferred Exchanges and “Cash-Out” Refinances can amplify your cash flow and leverage. 22:52 If Keith could start all over in real estate investing, these are the 3 things that he would most want to do differently. 25:30 This two minutes of content has inspired others to buy their first income real estate. Resources mentioned: www.Reefogc.com www.RichDadAdvisors.com www.BrianTracy.com REIA meetings www.NeighborWorks.org
28:4806/02/2015
16: Getting Money For Your Deal with Judy Robinett f/ The Cardone Zone & The GaryVee Audio Experience & The Stacking Benjamins Show & Real Vision: Finance, Business & The Global Economy
#16: “Power Connector” Judy Robinett, author of top-selling “How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” joins Get Rich Education today and tells you how to find investment money. Listen to this week’s show and learn: 01:25 Real estate syndication and business crowdfunding defined. 04:48 It’s not what you know, it’s who you know. 07:17 How do you “get in the right room” to get your deal funded? 10:20 The difference between angel investors and venture capitalists. 13:13 Where you find a network and investors. 17:34 How do you learn about which people to avoid? 19:35 What is “Reputation Capital”? 20:08 How to best use social media for networking. 21:35 Why there aren’t more women in business. 24:24 The “5+50+100 Rule”. 27:40 Another person must know, like, and trust you before they fund you. 29:28 The value of taking an influencer to lunch. Ask “Who else do you know that I should talk to?” 31:33 People don’t lack resources. They lack resourcefulness. Resources mentioned: www.JudyRobinett.com www.KickStarter.com www.Indiegogo.com www.RealtyMogul.com www.FlashFunders.com www.LendingHome.com www.Illuminate.com www.RocketHub.com www.Cbinsights.com www.GoldenSeeds.com www.PitchBook.com www.LinkedIn.com www.Twitter.com @judyrobinett www.AngelCapitalAssociation.org www.ncva.org Books: "How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” by Judy Robinett “The Kickstarter Handbook” by Don Steinberg
35:5430/01/2015
15: Rich Dad Advisor Garrett Sutton | Protect Your Assets
#15: Rich Dad Advisor Garrett Sutton provides knowledge with how to incorporate and protect your business and real estate interests. Listen to this week’s show and learn: 06:33 Garrett tells us that one of the better US states for protecting one’s assets has now become more vulnerable to outside attacks. 06:59 More states’ courts are ruling against protection for single-member LLCs. 08:57 Garrett explains the importance and meaning of protecting your “corporate veil”. 11:56 How to protect oneself with a four-plex and FHA 3.5% down payment. 14:15 How to change an existing property from individual ownership to an LLC. What’s special about Wyoming LLCs and how you can use one. 17:42 Who is liable in a slip-and-fall case – the property owner or the property manager? 18:18 Umbrella Insurance. 20:34 Can one “overdo it” with too much asset protection? 22:53 Garrett’s real estate investing preferences. 25:16 What Garrett would tell a 27-year-old investing enthusiast today. 27:50 Tell Corporate Direct / Sutton Law you learned about them through Get Rich Education. You can speak with Garrett directly about your asset protection needs at 30 minutes for $175. Resources mentioned: www.SutLaw.com www.CorporateDirect.com or 1-800-600-1760 www.Reefogc.com www.AmericanBaseballFoundation.com Books: Loopholes Of Real Estate, Start Your Own Corporation.
32:4823/01/2015
14: Money, Currency & Metals with Anthem Blanchard
#14: Listen to this week’s show and learn: 01:39 Keith opens up about the only losing investment property he has ever owned, what made it a loser, and why he just sold it this week. 08:24 With every investment deal, you either get the profit or you get the lesson. 10:00 For Tom Hopkins International Sales Academy Feb. 20-21 in Orlando, FL, use the Discount Code below for a deal that GRE negotiated for your 2-day tuition. Optionally, you may also e-mail [email protected] and on a first-come, first-served basis, GRE can provide you with a free 3-night stay in a condo room for the event. 14:32 Here in 2015, many U.S. turnkey real estate providers have little or no inventory. 15:25 Part of the first family of American precious metals, our guest is Anthem Blanchard. He owns a precious metals storage and trading company, www.AnthemVault.com. 18:53 Anthem’s father, Jim Blanchard, was the influential hero when President Gerald Ford legalized gold ownership in 1974. 20:30 Why does gold have value? Resources mentioned: www.Reefogc.com www.AnthemVault.com Your exclusive GRE Discount Code for Tom Hopkins Int’l Sales Academy Feb. 20-21 in Orlando, FL is https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40 www.MidSouthHomeBuyers.com www.facebook.com/GetRichEducation www.Bloomberg.com www.ZeroHedge.com
38:5116/01/2015
13: Driverless Cars Will Soon Disrupt Your Life and Investments
#13: You, your investments, and your real estate will all soon be dramatically affected by the disruptive invention of driverless cars. The good news? Today you can learn how to position yourself to make this innovation profitable for you. Listen to this week’s show and learn: 01:15 Driverless cars, 3-D printing, and drones will dramatically affect you. 02:28 People often scoff at the notion of coming change. Then change comes fast. 05:14 It’s easy to forget that horse travel used to dominate American transportation. 07:37 The invention of the automobile populated the suburbs. 09:43 Today, many cities have more than half their area dedicated to streets and parking for cars. 13:16 Ride-sharing services like Uber have already diminished the demand for parking lot real estate. 14:12 Unused parking spaces and smaller roads are coming. This will change real estate values. 15:47 Most agree that driverless cars will be for sale to the public by 2020. This will improve your life. 21:32 Driverless cars will make some real estate more valuable, and some less valuable. 24:30 Why driverless cars may spell the demise of convenience stores. 25:45 Homes near public transportation may experience falling value with this new technology. 27:35 Why investing in automobile companies over the long-term may be dangerous. 30:07 Why buy-and-hold real estate investors must know what to avoid with this technology. Resources mentioned: www.Reefogc.com www.Uber.com www.Lyft.com
32:1709/01/2015
12: Tom Hopkins | How You Can Sell...Anything
#12: You sell yourself everyday. The World’s #1 Sales Trainer, Tom Hopkins, tells you how to sell - whether it’s selling a piece of real estate, being promoted at your job, or selling an idea to your spouse. Make your life and business explode with these ideas. Listen to this week’s show and learn: 02:05 Tom Hopkins interview begins. 03:22 How Tom sold 365 homes in 365 days. 04:20 Is one “born to sell” or if can it be a learned skill? What’s better for sales - introvert or extrovert? 07:47 The seven fundamentals of Selling: Prospecting, Initial Contact, Qualification, Presenting, Handling Objections, Closing The Sale, Referrals. 11:32 The best strategy for more referrals, which are where most of your sales come from! 13:03 How to overcome buyer objections, including when one says, “I want to shop around”. 15:48 The vital importance of passion. 20:23 How to overcome being told “no”. Why the world’s wealthiest people “have no guarantees”. 26:24 Words you must avoid when selling, and the million dollars phrases to use to increase sales. 32:25 How to close the sale by building “yes momentum”. 36:04 What advice Tom has for a young investing enthusiast today. Resources mentioned: www.TomHopkins.com www.Reefogc.com For Get Rich Education listeners, here's your discount code for Tom Hopkins 2015 Sales Academy, Feb. 20 & 21 in Orlando: https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40
41:5402/01/2015
11: Inflation: How You Are Being Robbed By A Stealthy Thief
#11: Inflation is like your hidden tax. Listen to this week’s show and learn: 02:10 Spending is more fun than saving. 03:33 Don’t live below your means. 05:30 Why a “good rate of return” is not enough return for an investor. 07:18 Why millionaires will soon be poor people. 08:45 How currency inflation is invisible. 12:35 Why the stock market must hit all-time highs every day just for you to break even. 13:00 The Consumer Price Index (CPI). 14:47 Why the U.S. and most major nations want more inflation in the future. 15:55 The power of “tilting the chart”. 18:14 How you will beat inflation by understanding real estate leverage ratios. Resources mentioned: Consumer Price Index at www.bls.gov/cpi/ [email protected]
23:3726/12/2014
10: How To Talk Like An Investor - Vocab. Rehab.
#10: Vocabulary is key to advancing your investor life. It’s also important for attracting the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and also how you might use them in a sentence. Listen to this week’s show and learn: 02:16 Keith comes to you from Los Angeles, CA today. Many investing shows assume that you already know the “language of investing”. But if you don’t first learn these basic terms, you could get left behind. 05:32 Arbitrage. 07:37 Cash Flow. This includes the meaning and significance of “V-I-M-T-M”. 10:05 Cash-On-Cash Return. 11:39 Capitalization (Cap) Rate. This includes a key explanation of why Cap Rate does not include your mortgage cost. 16:28 Commercial Loan. 19:06 Dividend. 20:53 Equity. 21:37 FICO Score. 22:42 Inflation. 24:22 Interest, Interest Rate. 24:46 $K. 25:28 Liquid, Liquidity. 27:11 Superhero Syndrome. Resources mentioned: www.Investopedia.com www.MyFico.com
32:2519/12/2014
9: Your Cash Flow is in Memphis, Tennessee
#9: Discover how to create another income stream with a durable asset like real estate in Memphis, Tennessee, and not have to do the work on your own. Listen to this week’s show and learn: 00:38 Most people only have one income stream in their life. Learn why to establish more than one. 01:57 Keith explains “turnkey real estate investing”. 03:37 Interview with Terry Kerr of Memphis, TN’s Mid South Home Buyers begins. 05:30 Memphis, Tennessee’s economic and demographic makeup is what makes it a strong income real estate market. This is largely due to the fact that Memphis is the United States’ distribution hub. 08:16 The character of Memphis properties, and their rent-to-value ratios. 12:39 Availability of financing for Memphis turnkey properties. 13:50 Terry describes how there are efficiencies in having one company both provide and manage the property for investors. 16:04 The available inventory level of Memphis investment properties. 18:33 Tennessee’s Landlord-Tenant Law and how that is advantageous for out-of-area investors. 21:25 What makes for a good Property Manager is communication. 22:24 What gives Mid South Home Buyers a property management advantage is slightly below-market rents, better-condition homes, they do not charge the tenants an application fee, and they handle maintenance issues promptly. This attracts and retains higher quality tenants. 24:38 Current occupancy of the 875 houses in their management portfolio is 98.4%. 25:32 Mid South Home Buyers have an ongoing inspection schedule of their managed properties. 29:27 Terry states that the Property Manager is more important than the property itself. 31:12 Keith estimates how small the out-of-pocket costs are for an investor buying turnkey real estate in Memphis. 31:58 Mid South Home Buyers has warranties for investors on their turnkey properties. 32:50 Send Get Rich Education a message through our Facebook Page Messenger with what you most want to hear on future episodes. You can even tell us what you want us to ask guests. Resources mentioned: www.MidSouthHomeBuyers.com
34:4512/12/2014
8: Your Market Determines Your Profit
#8: Discover how to create another income stream with a durable asset like real estate, and not have to do the work on your own. Listen to this week’s show and learn: 01:37 How to put less than a 20% down payment on your primary residence, yet still pay zero direct PMI premium. 07:36 How Keith can make you a more successful investor than him, faster than him. 08:46 In real estate investing, the market is more important than the property. 11:22 Why to consider real estate investing outside of your home area – and how to find a trusted team to do all the work for you. 11:43 The real estate Rent-To-Value Ratio (RV Ratio) and its importance. 14:18 How to begin researching and identifying profitable real estate markets, and avoid riskier ones. 18:53 Income property investing is based on facts, not feelings. 21:05 Memphis, TN - Its geographic significance to real estate investors. 25:06 Philadelphia, PA – Keith’s recent on-the-street observations in this turnkey real estate market. 31:52 Philippines – Keith’s on-the-ground real estate observations in Asia lend perspective to US income property investing and the importance of having a connected team. 34:44 In the next episode, Keith will start connecting you to his team in a profitable US real estate market. Resources mentioned: www.city-data.com
36:1605/12/2014
7: Richard Duncan | Economics and Predictions
#7: Get Rich Education’s inaugural interview is with world-renowned economist, author, consultant, and speaker Richard Duncan. He informs us that economic growth is no longer driven by production expansion, but rather by credit expansion. Richard looks into his crystal ball. He tells us what to expect for 2015 and 2016 with respect to the stock market and the economy. Richard has kindly provided Get Rich Education listeners with a 50% discount to his Macro Watch video newsletter. Use the Coupon Code “gre”. Learn more about Richard Duncan and subscribing to his video newsletter, Macro Watch,at: www.richardduncaneconomics.com 00:50 Keith will tell us how to avoid directly paying Private Mortgage Insurance on your home in the next episode. 03:52 Richard Duncan interview begins. 06:31 Today’s economy works completely different than what is in our textbooks. 07:34 Economic growth is no longer driven by investment and savings, but rather credit creation and consumption. 09:56 Since 1952, 2%+inflation-adjusted credit growth is necessary in the US to avoid recession. 12:20 If you want to invest wisely, you have to understand that the government now manages our economy. 13:56 Prospects for inflation and deflation. 19:48 Richard provides his economic outlook for 2015 and 2016. It includes predictions about the stock market and quantitative easing. 22:30 Opinion and commentary about real estate and real assets as investment. Why homes with land are better investments than condominiums. 24:40 Richard discusses how a 25-year-old investing enthusiast should think and act today. 31:31 U.S. government money could be better used on new industries and technologies. www.richardduncaneconomics.com
36:3828/11/2014
6: Here’s Why You Aren’t Financially Free
#6: Would you rather be debt-free or financially-free? Did you know that for most people with home mortgages, their approach to home equity management actually prevents them from being financially free? In this no-holds barred episode, which includes material that has shocked some of Keith’s students, your paradigm with what you thought was true about money management can shift dramatically. Homes are for housing people. Not storing cash. Opportunity cost is opportunity lost. Learn about one of the greatest under-utilizations of using OTHER PEOPLE’S MONEY in order to achieve the freedom that you and your loved ones seek.
37:2621/11/2014
5: How To Discover What You Really Want
#5: You cannot get what you want until you know what you want. One way to know what’s important to you, is how you feel when that “something” is taken away. In real estate investing, the property is not nearly the most important thing. This episode is a valuable tool in determining what really matters in life to you and your loved ones. Real estate isn’t ultimately what you want. It is merely a resource and a means to get more of what you want. Find meaning and laugh along with some funny plays on words! Learn that you should always be a student.
23:5114/11/2014
4: Stocks vs. Real Estate: The Showdown!
#4: We answer your listener questions, including: “How do I begin real estate investing with little or no money?” “What are your tips for starting a business?” “How do I increase income on an existing rental property?” Next, is the classic showdown. Which is the better asset class – Stocks or Real Estate? We list fifteen key criteria, comparing stocks and real estate, and see which asset class wins more of the fifteen rounds in this heavyweight face-off! Especially insightful is Keith’s description of how using a loan in real estate investing hedges one against inflation over the long-term. Real estate’s stability as an asset class is featured as one distinct advantage. It includes a fascinating explanation as to why stability provides you with better returns than volatility.
37:3207/11/2014
3: The Investment Event Of The Decade
#3: You are delivered some of the best moments and most actionable content from the 40th New Orleans Investment Conference, billed as “The Investment Event Of The Decade”. The conference featured luminaries on the speaker marquis including Former Fed Chairman Alan Greenspan, prominent columnist Charles Krauthammer, one of the world’s greatest living economists in Mark Skousen, incomparable economist and author Peter Schiff, and financial research guru Porter Stansberry. You are provided information and ideas on specific investments that Keith learned about directly. In the show’s second segment, you learn how real estate investing is only one part of real ASSET investing. Real estate investing is about more than apartment buildings. Real asset investing is aboutmore than real estate. You learn about why gold and other precious metals have value. Your compelling “why” is answered with regard to the advantages of investing in something real vs. investing in a mere derivative of something real.
28:1631/10/2014
2: How To Make Money Follow You
#2: They say, "Work smarter, not harder." But are you thinking about this popular saying in the right way? Are you applying it to enough facets of your life - the ones that matter? Though it is not intuitive, learn more about how debt can be good. Yes, debt can be good! It can help you work smarter, not harder, and eventually not have to work at all. I shamelessly share some of my funny mistakes with you that I made as a beginner - as a largely uneducated real estate investor. Learn why "Doing the right thing" is more important than "Doing things right" as you continue to develop your fixed mindset and transform it into a growth mindset. Wire your mind for wealth! When you're doing the right thing, you make money follow you. Most people spend their lives chasing money. That's not working smarter, it's only working harder. Don't chase dollars. When you learn how to make them follow you, you have become a master of money.
23:4817/10/2014
1: Your Abundance Mindset
#1: The wealthy think differently than you do. In this episode, you learn about how those who spend more of their time & effort making lifestyle sacrifices to the downside, leave neither resources nor opportunity to learn about how to expand their thoughts and lifestyles to the upside. You begin to learn what the wealthy never told you about investing! Well...why won't they tell you? It's not that they won't. It is that you aren't even associating with the wealthy. That's why you haven't been told. You learn that you are the average of the five people that you spend the most time with. Your income is also the average of the five people that you spend the most time with. Listen how, in just about thirty minutes of episode time, you can begin to dramatically alter your thought patterns. Only when you lay out the welcome mat for wealth...can wealth can being appearing at your door. It starts in the mind. You need to think differently.
32:3610/10/2014