Get Rich Education

Get our wealth-building newsletter free—text 'GRE' to 66866. Money is an abundant resource, not a scarce one. If you believe that money is so scarce that it's more valuable than time, I provide the solution to that quandary today. Today's guest, Victor Menasce, believes that today's macroeconomic environment dominates local stories. We discuss how to navigate today's higher mortgage interest rate environment. Banks could be on the brink of a concerning liquidity crisis today. Should central banks set interest rates or can free markets perform that role better? Learn what financial actions you can take in this era of global instability. Resources mentioned: Show Notes: www.GetRichEducation.com/422 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for the show. Listen to Victor's Real Estate Espresso podcast. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Get our wealth-building newsletter free. Text 'GRE' to 66866. You can help abolish the term "slumlord". Profit by providing housing that's clean, safe, affordable, and functional. Compared to the world, US mortgage terms are so advantageous that they almost feel illegal. I compare this with: Canada, UK, Ireland, Spain, Australia, South Korea, Germany, France, Switzerland, and Japan. Are we in a recession? There continues to be dissonance in the economy. College enrollment keeps declining. But now, 46% of parents even hope that their child does not pursue a four-year degree after high school. A woman faced with eviction released a bee swarm on law enforcement. It costs $1.7M to build a small public lavatory in San Francisco. Resources mentioned: Show Notes: www.GetRichEducation.com/421 $1.7M public toilet in San Francisco: https://www.theguardian.com/us-news/2022/oct/24/san-francisco-1-million-public-toilet Woman being evicted releases bee swarm: https://www.usatoday.com/story/news/nation/2022/10/20/woman-releases-bees-police-massachusetts/10549905002/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for the show. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

In times of high inflation, don't rents have to collapse? Tenants are getting squeezed, paying more for food, gas, medical care, and everything else. Won't rents have to fall? Will this create a crisis for landlords too? If tenants can't pay the rent, landlords must still pay property expenses. Historically, what happens is opposite of what most think. So I explore what happened in high inflation 40+ years ago to forecast what will likely happen in the future. There are three reasons why rents soar in high inflation: 1) tenants move down a class, 2) doubling up as roommates, and 3) today's low housing supply and high demand. Rents are up 12% year-over-year today for both SFRs and apartments. Real Estate Pays 5 Ways™, not four or six. Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Our in-house coach, Naresh, will help you. His services are free. Both urban and suburban properties are available. Urban areas often have a high Walk Score. The rent-to-price ratios in these three mid-Atlantic markets often exceed 0.9% and even 1%. Before you buy, you already have an inspection report, desktop appraisal, and placed tenant's payment history in-hand. These rowhouses are often priced at a 20% discount. 3 bed / 1 bath is common. Resources mentioned: Show Notes: www.GetRichEducation.com/420 Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Rents In High Inflation: https://www.realpage.com/analytics/rents-move-high-inflation-market-look-1970s/ Current US housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for the show. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Are you a quitter? Today's show can make that feel aspirational. Quit a job you hate for the work you love. Author of "The Quitter's Manifesto" and GoBundance Founder, Tim Rhode, joins me today. For context on quitting your job, start with the I/O Quotient. The Soul Sucking Meter: Are you being paid enough? Are you respected? Are you a good cultural fit at your workplace? How does it feel when you wake up to go to work? Could you do your job for decades? I quit my job for two main reasons: 1) Try it. 2) Be irreplaceable. Tim describes that quitting your job is like catching the next trapeze. Want growth? Try something new and scary. You did this as a kid. For example, when you were 11 years old, you swam in water over your head. Take out a home equity loan before quitting your job. Put those funds into another bank. This builds your financial cushion during a lifestyle change. Resources mentioned: Show Notes: www.GetRichEducation.com/419 Tim Rhode's book, The Quitter's Manifesto: QuittersManifestoBook.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for this show. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Homebuilder confidence is low. I talk to one today. Then, learn how a home is built. Join our Jacksonville properties webinar Oct. 20th. Sign up free at: GREwebinars.com. Text "GRE" to 66866 for our free "Don't Quit Your Daydream" e-mail letter. After discussing the best place to invest today, learn how a home is actually built. Learn how a home is built: zoning, land acquisition, permitting, engineering, drainage, clearing & grubbing, adding earth fill, soil compaction, trenching, adding sanitary systems, stormwater system, lift station, conduit, electrical, foundation, slab-on-grade, plumbing, framing, block, roof truss. Homebuilder confidence is low among those that sell to owner-occupants. That's due to higher mortgage interest rates. Among homebuilders that sell to investors, it's better. Why? Higher rates mean higher rents. Tenant demand for fourplexes is strong. In inflation and a possible recession, more people must live frugally. Get started with new-build Florida income property (SFR to fourplex) with today's guest at: GREmarketplace.com/Southeast. Resources mentioned: Show Notes: www.GetRichEducation.com/418 Today's guest provider offers new-build Florida property at: www.GREmarketplace.com/Southeast Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for this show. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

You want to increase your expenses. I reiterate why. All five ways that real estate pays are rarely surging at the same time. In the past year, appreciation has slowed, cash flow rose, principal paydown slowed, tax benefits are roughly the same, and inflation-profiting rose. How do you become a "laptop landlord" and know that you're buying a good property? I share my favorite resources for real estate due diligence (laptop landlording). They're all in the "Resources Mentioned" below. One mistake people make is that they tend to overgeneralize. They paint an entire city one color, saying something like: "I read that Memphis has high crime." Well, where within Memphis? You can contract with an out-of-state stranger to check out a property for you at WeGoLook.com Aundrea Newbern, COO of GRE, MBA, NAR member (the woman with all the letters behind her name) joins me. She discusses her top real estate successes and failures. We discuss floods, old cast iron pipes, partnerships, single-family vs. multifamily, LTRs vs. STRs, and the opportunity cost of waiting to buy property. At times, if third-party inspectors see an issue, they refer you to specialists like foundation or mechanical inspectors. Resources mentioned: Show Notes: www.GetRichEducation.com/417 Due diligence resources: ATTOM Data Solutions, Redfin, CoreLogic, Zumper, Altos Research, John Burns RE Consulting, Neighborhood Scout, Google Street View, WeGoLook.com, bls.gov, US Census, FRED, GREmarketplace.com I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for this show. Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Residential real estate has greater usefulness and is easier to understand than: agricultural, office, retail, industrial, and warehouse real estate sectors. Tenants are staying in both SFRs and apartments longer than before. I discuss three reasons for today's longer tenant retention trend. Higher mortgage rates correlate with higher home prices. In fact, in the nine times mortgage rates increased 1%+ since 1994, home prices rose seven of those nine. During recessions, mortgage rates typically fall. Both are opposite of what most people think. Resort communities are almost declaring war against short-term rentals. I explore the depth of the problem and discuss solutions. Are the wealthy at fault? People that grew up in an area cannot afford housing in these STR hotbeds. Resources mentioned: Show Notes: www.GetRichEducation.com/416 How to Raise The Rent and Keep Tenants Happy (Video): https://youtu.be/sqFwbn4yFhA 40-Year Mortgages: https://www.housingwire.com/articles/newrez- debuts-40-year-non-qm-mortgage-product/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Car washes can be remarkably lucrative. This is enhanced with a franchise model and selling subscriptions to car wash customers. "There is no other operation on a 1-acre site that can do 1 million to 2.5 million in sales and pocket half of that." -WSJ story Like other real estate, a car wash location is vital. Much like apartment buildings, car washes are valued based on their income stream amount. You can participate yourself. Start here: https://gremarketplace.com/carwash. Must be accredited, minimum $100K investment. Tommy's Car Wash is an innovative franchise. Customers use a mobile app. Only Panera Bread and Chick-fil-A have higher sales revenue per location. (Wow!) Car washes have high cash flow and tax efficiency. Pro forma returns for individual investors like you have a 1.75x return on investment in five years or less. There is 100% bonus depreciation in year one. Learn more and get started at: https://gremarketplace.com/carwash Resources mentioned: Show Notes: www.GetRichEducation.com/415 Get started with car washes: www.GREmarketplace.com/carwash WSJ on car washes: https://www.therealassetinvestor.com/wp-content/uploads/2022/08/Private-Equity-Wants-to-Wash-Your-Car-WSJ.pdf WSJ on laptop landlords: https://www.wsj.com/articles/everyones-a-landlordsmall-time-investors-snap-up-out-of-state-properties-11661705278 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Join me live on our St. Louis properties webinar this Wednesday at: GREwebinars.com The Fed is out to crush lingering inflation. Coming rate hikes will likely lead us into a recession, if we're not there already. Home price gains have stalled. This is worse for sellers and better for buyers. Landlords are winning in today's market; renters are losing. CoreLogic's Single-Family Rent Index shows a 13.4% YOY national rent gain. Single-family rents are up $500+ over the past six years. For a long time, investing in hardwood trees was primarily for big money hedge funds and family offices. You can own the title to quarter-acre parcels with teak trees that grow on top of them for just $6,880. Timber prices are often counter-cyclical to markets. They keep growing through recessions, market collapses, and fluctuating interest rates. Teak hardwood has natural oils that make it fire and rot resistant. In Panama, they thrive where there is about six months of rain and then six months of dryness. The operator that I interview today has been involved with teak plantations since 1999. I first met him in-person six years ago. Learn more. Get the investor report at: www.GREmarketplace.com/Teak It costs $6,880 to own one new teak parcel. Optionally, you can own 16-year-old teak parcels for ~$20K. $6,880 is projected to grow into $94,000 over twenty-five years. Teak appreciates at 5.5% per year, 11% IRR. This is a remarkable way to own timber real estate and invest in another nation with a low cost of entry. They offer in-person teak tours in Panama. You can see your own trees. Resources mentioned: Get started with teak: www.GREmarketplace.com/Teak Show Notes: www.GetRichEducation.com/414 New—Join GRE Webinars: www.GREwebinars.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

A GRE listener since 2015, Christian Montalvo and her family are growing their real estate portfolio in the Dallas-Fort Worth area. She has been a food microbiologist. Christian works for a company that cleans food processing plants. Her husband is a W-2 employee too, a financial analyst. After being a renter for about $1,000 / month in a tiny DFW apartment, they began with buying a $200K owner-occupied duplex with a 3.5% down payment. Next, they bought a fourplex. At this point, they have five rent incomes. They kept growing. Today, she and her husband still work their W-2 jobs. But as a young, married couple, they now have the flexibility such that they don't both have to work. We discuss if they invest in 401(k)s and conventional retirement plans. I give many examples of "growing your means" instead of "living below your means". Last year, Christian became a real estate agent. She works with investor clients. Resources mentioned: Show Notes: www.GetRichEducation.com/413 Christian Montalvo's e-mail address: christian@fraserrealty.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code "GRE" for 10% off): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold