Get Rich Education

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

Landlords collect rent payments. "Lienlords" collect mortgage payments. Learn how to obtain a stream of mortgage payments by owning the note (an IOU). I tell you why banks would sell mortgage notes. Learn the difference between performing and non-performing mortgage notes. Bob Fraser from Aspen Funds joins us to tell us more. Fewer borrowers defaulted on their mortgage payments in-pandemic due to forbearance. Learn why a bank will sell you a mortgage note at a discount. What happens when a borrower stops paying their mortgage. There are either first lien or second lien positions to occupy. You wouldn't expect this, but second liens can often be better due to their deep discounts. Resources mentioned: Learn more about Aspen Funds: www.AspenFunds.us Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/366 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

Learn how to qualify for an income property loan today. We discuss what just made mortgage interest rates for investment property drop 1% overnight. First, I discuss the difference between adequate safety vs. too much safety for tenants in investment properties. Too many safety regulations have a cost that gets passed onto tenants and even increases homelessness. Caeli Ridge, President of Ridge Lending Group joins me. A few weeks ago, mortgage interest rates for income property fell a full 1% due to the suspension of added risk layers that were added back in March. For an income property loan, you need: 1) 15-20% down payment and ~4% closing costs. 2) Credit score of 680 or better, 3) Show sourced & seasoned liquid assets, and 4) 50% maximum debt-to-income ratio. There are pros and cons of paying monthly PMI. Today's "typical" income property interest rate = 3.75%. What happens when you try to get more than 10 income property loans? We discuss the terms, called "non-QM" loans. Get started on your income property loan at: www.RidgeLendingGroup.com Resources mentioned: Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/365 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

When money supply is high, this lowers interest rates. I explain why. Interest rates & inflation are positively correlated. Interest rates are usually higher. This upside-down today. When interest rates rise, real estate prices rise too (Yes, not fall). Learn why. Join me this Thursday, Sept. 30th, for a live Texas Properties webinar. Learn more here: www.GetRichEducation.com/Texas Brien Lundin, organizer of the world's longest-running investment conference, joins me. It's the 47th Annual New Orleans Investment Conference. He's also editor of the Gold Newsletter. I will attend the event in-person. Meet me Oct. 19th to 22nd. Sign up here: New Orleans Investment Conference. Brien does not believe interest rates will rise appreciably anytime soon, nor will the Fed taper. He feels that this will be good for real estate. The Fed must continue with massive currency creation. Like many, Brien feels that inflation is not transitory. Why isn't the gold price higher than $1,700 - $1,900 per ounce? Brien likes owning physical bullion. He thinks that crypto is worthwhile. Resources mentioned: Sign Up & Meet Me At the New Orleans Investment Conference: GetRichEducation.com/Events Brien Lundin's Gold Newsletter: www.GoldNewsletter.com Show Notes: www.GetRichEducation.com/364 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

Should you buy for negative cash flow? Afterall, rents are rising fast; maybe they will catch up. I have a firm answer for you. With a tight rental market, landlords can skimp on repairs because tenants have few alternative places to live. Do the right thing. Make repairs. Don't be a slumlord. Property bidding wars are subsiding. Meet me in-person Oct. 19th to 22nd at the New Orleans Investment Conference. A provider of brand new construction Florida & Georgia investment properties joins me to discuss industry trends, including the challenge of supply shortages. Developing vast tracts vs. infill lots. Tenants love living in a new construction. This provider builds SFRs up to 13-unit buildings with vinyl plank floors and stainless steel appliances. They sell investment properties to individual investors like you, with SFRs in the $200Ks. Start buying property at: GetRichEducation.com/Southeast Resources mentioned: Buy new-build FL & GA investment property. Start: GetRichEducation.com/Southeast Sign Up & Meet Me At the New Orleans Investment Conference: GetRichEducation.com/Events Show Notes: www.GetRichEducation.com/363 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