Passive Real Estate Investing Leveraging Your Cash, Equity and Time – Keith Weinhold | PREI 040
7 snips
Apr 1, 2016 Keith Weinhold, the founder of Get Rich Education and an active real estate investor, shares his incredible journey to becoming an 'accidental millionaire.' He dives into the power of leveraging investments and contrasts compounding versus leveraging. The discussion highlights the importance of Return on Time Invested (ROTI) in maximizing returns through strategic outsourcing. Keith also provides invaluable tips for new and seasoned investors looking to grow their portfolios effectively. Tune in for practical insights and inspiration!
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Accidental Millionaire
- Keith Weinhold's real estate journey began 'accidentally' after buying a fourplex, inspired by friends.
- He lived in one unit, rented the others, and later refinanced to purchase another fourplex.
FHA Loan Strategy
- Utilize FHA loans to make low down payments (3.5%) on multi-family properties (up to fourplexes).
- Live in one unit for 12 months to qualify.
Return *From* Equity
- Equity itself doesn't generate returns; it's how you leverage it that matters.
- Real estate appreciation is unrelated to the amount of equity present.
