Get Rich Education

Tax The Rich. Learn how this theme is gaining traction in Congress. Wealthability’s Tom Wheelwright joins us.  Which taxes make sense: property tax, consumption tax, flat income tax, progressive tax? In Tom’s opinion, learn why flat taxes will never happen.  Oh no! A new 3.8% net investment income tax on business owners appears likely. Will the 1031 Exchange benefit survive? Next, The eQRP Company’s Damion Lupo joins us. He tells us that the Checkbook IRA has been outlawed. The eQRP is the retirement plan answer. It has: 10X the contribution limits of Traditional and Roth IRAs, zero UBIT tax, and you can invest in real estate, bitcoin, gold, or your own business. Resources mentioned: Show Notes: www.GetRichEducation.com/376 Tom Wheelwright’s Wealthability: Wealthability.com To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: CashFlowAndGrowth.com New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

To get a rent increase, learn what NOT to tell tenants. Memphis, Tennessee’s Mid South Home Buyers has supplied more property for GRE followers in history. The longest-tenured GRE providers, Terry Kerr and Liz Brody tell us how they built and maintain this 20-year-old turnkey real estate investing company. They start with buying the ugliest house on the block. Rents & prices on SFRs in Memphis, TN: $675-$1100 and $79K-$120K Rents & prices on SFRs in Little Rock, AR: $800-$1300 and $90K-$130K You can get started with buying investment property yourself at: MidSouthHomeBuyers.com. They’re popular. There’s a wait list. Resources mentioned: Mid South Home Buyers: www.MidSouthHomeBuyers.com Show Notes: www.GetRichEducation.com/375 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

Doug Casey tells us that freedom and liberty don’t mean much anymore. “America is no longer the land of the free.” -Doug Casey, GRE Podcast 374 He believes that a tax protester is a patriot. Doug also believes that roads, bridges, ports and schools should be run by the private sector, not governments. “Regulation is the enemy of landlords and tenants.” -Doug Casey, GRE Podcast 374 Doug is a prolific author. He produces the International Man website, blog, and newsletter, and a YouTube podcast called “Doug Casey’s Take”.  Resources mentioned: Doug Casey’s website: InternationalMan.com Show Notes: www.GetRichEducation.com/374 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

Learn why I believe US home prices will rise 9-10% next year.  That’s higher than historic norms and lower than this year. Expect higher mortgage interest rates too.  Counterintuitively, higher mortgage rates correlate with higher housing prices. Higher rates also correlate with lower supply.   Today, inflation (6.2%) is double of mortgage interest rates (3.1%).  This means that when you repay the bank, those dollars debase on them twice as fast as the bank’s interest charges can accrue on you. Since 1994, mortgage rates have risen six times. House prices rose every time. Next year, the same thing is expected to happen; it will be seven in a row. I explain why higher rates correlate with lower housing supply. Housing supply has dropped an astounding 63% from two years ago. That’s the housing crash; it was a supply crash. Resources mentioned: Today’s low housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Show Notes: www.GetRichEducation.com/373 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

Real estate investing and geography are both: location, location, location. Economic guru and geopolitical strategist, Peter Zeihan, walks us around each US region to describe its economic strengths, weaknesses, opportunities, and threats. “The next 24 months will be the greatest period of change that we have seen… at least since the second World War.” -Peter Zeihan Get your map out. We discuss the US: New England, Mid-Atlantic, Southeast, Deep South, Great Lakes, Ohio, Texas, Great Plains, Intermountain West, California, Pacific Northwest.  Learn the three best states that are attracting foreign direct investment. Peter loves Houston, Texas’ economic future. Resources mentioned: Learn More About Peter: Zeihan.com Show Notes: www.GetRichEducation.com/372 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

I talk with the person who I lend money to in order to rehab distressed properties. We discuss how it works and the 6-12% annual returns. Importantly, many properties are secured in stable, cash flowing Ohio and around the Midwest and South. SFHs are common. You are the lender, not the borrower.  Get started at: GetRichEducation.com/Lending Unlike owning a rental property where a tenant pays you to live there… a private lender program means that someone pays you to “rent out” the use of your money, typically for a year or less. The operator, Dani Lynn Robison of Freedom Capital Investments in Springboro, Ohio, tells us how she has never lost an investor’s money.  They have always paid back the lenders’ initial investment, plus interest, as agreed. Learn about investing on the “debt side” of real estate rather than the “equity side” with private money lending at: GetRichEducation.com/Lending Resources mentioned: Learn More & Get Started: www.GetRichEducation.com/Lending Show Notes: www.GetRichEducation.com/370 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

Buying a huge $5M apartment building is daunting to most people. We discuss how you get the money and experience for this. Investor vocabulary explained: Capital stack, General Partner, Limited Partner, Non-recourse loan, Acquisition fee. Owning a duplex is different from owning a 200-unit building. With the latter, you’ll have private investors, an on-site manager, and perhaps Yelp reviews to manage. Advertising is different. Our guest, Michael Blank, emphasizes the importance of doing your first deal - big or small. Do it. That’s when the real learning begins. Michael excels in teaching you how to find other investors to fund your big apartment deal. To start, merely educate others. Don’t ask for money. Get started in learning more with Michael at: GetRichEducation.com/Apartments Resources mentioned: Get started with Michael: www.getricheducation.com/apartments Show Notes: www.GetRichEducation.com/370 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

Will Rogers said, “Find out where the people are going and buy the land before they get there.” Florida in-migration has been a persistent trend since the late 1800s. Again, Florida led US in-migration between 2020 and 2021. I interview a Florida property provider that I have heard other developers comment about, saying: “I don’t know how they deliver such low prices.” You don’t have to pay agent markups. Buy direct. These are new-build SFRs up to four-plexes. Get the report and connect with the provider at: GetRichEducation.com/SunshineState   These Build-To-Rent properties are in central Florida, including Palm Bay (halfway down the Atlantic coast), Ocala, The Villages (both nw of Orlando) and more. Growth of industry has been both varied and substantial: medical, technology, finance, international trade, agriculture, aerospace, and more than just tourism. Amazon, Space X, and Blue Origin all have a substantial presence. This is path of progress real estate investing. Recent sample property: New-build SFR, 3/2/2, 1,400 sf, concrete block construction, $225K sale price and $249K appraisal. (Appraisals don’t always exceed sale price; that’s a wider gap than usual.) Build-To-Rent advantages: everything is new, warranties, higher tenant retention, location, provider buys in bulk, built-in equity, lower insurance cost.   These new-build properties are on both infill and contiguous lots on tracts of land. SFR communities often have amenities like pickleball courts, swimming pools, and gyms. Tenant demand is so high that this provider gets first & last month’s rent for you in addition to security deposit. Get actionable. New-Build Florida income property (with property management) is available here: GetRichEducation.com/SunshineState Resources mentioned: Show Notes: www.GetRichEducation.com/369 New-Build Florida income property is here: GetRichEducation.com/SunshineState Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

One question that I’m asked is: “How do I actually buy an investment property?” I’m going to walk you through it all today, step-by-step. You know, even after I bought my first property, it would have been difficult to recite all the steps. This is partly due to the process's 30-60+ day duration. Though real estate has made more ordinary people wealthy than anything else, it is illiquid. [Watch the video version of this podcast here: https://youtu.be/9jH4_-Bwujs ] It takes more time to buy and sell real property. There's no brokerage "point-click-done" or Robinhood swipes here. This is both a good and bad thing. Because there are several steps involved, there is no panic selling in real estate. This illiquidity keeps real estate prices more stable than nearly any other asset class. This stability (via illiquidity) is one reason why real estate comprises the heart of so many wealthy peoples' portfolios. Real estate prices are a smooth, glassy lake compared to the raging sea storm of volatile gold, silver, cryptocurrency, oil, and stock markets. In under 28 minutes, I lay out every step that you must know for buying rental property. This masterclass-level instruction comes to you without paywalls or logins. I've made it public and free. It includes: Myriad mistakes to avoid Improving your credit report and score A clever way to show a higher income to underwriters Where I get my loans Market selection Property due diligence Making an offer Get an inspection (Always!) Appraisal Signing a Management Agreement Property Closing Own and collect rent (Cha-ching! Finally.)  More Resources mentioned: Show Notes: www.GetRichEducation.com/368 Watch the video version of this podcast here: https://youtu.be/9jH4_-Bwujs Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

I’m in Birmingham, Alabama for a real estate field trip today. Alabama is an investor-advantaged real estate market: low cost of living, some of the nation’s lowest property taxes. Mindset: I tell a story on affording the time. One of the most prolific real estate authors, Ken McElroy, joins us.  I ask him about what happened to his 2021 housing crash prediction. Ken & I discuss why there haven’t been more evictions since the national eviction ban ended. We explain why don’t believe this will be massively disruptive. It matters. But to me, evictions will be a diffuse condition, not a sudden one. Sadly, if a tenant owes their landlord tens of thousands of dollars, they’ll rarely pay. Ken describes how he’s actively buying big real estate deals in today’s environment. Ken gives a new “mark my words” prediction today. Resources mentioned: Learn more about Ken McElroy: www.KenMcElroy.com Birmingham, AL investment property: www.GetRichEducation.com/Birmingham Huntsville, AL investment property www.GetRichEducation.com/Huntsville Show Notes: www.GetRichEducation.com/367 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold