Get Rich Education

Grant Cardone is our guest today. He's the world's #1 sales trainer, 10X Movement Leader, and prominent real estate investor with $1.4B AUM. We discuss wealth mindset, and the importance of "getting known". We tell you why you must embrace good debt in order to build wealth. You start by asking yourself better questions. What is "10X"? I liken how your tenant pays you their income from the first 10 days of every month. Get Grant's take on why a house is not an asset. I ask Grant about his physical fitness. Bottom line: You must give your money multiple jobs. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Cardone Capital: CardoneCapital.com Cardone Capital Free Book: CardoneCapital.com/Book Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Fannie Mae and Freddie Mac privatization could mean that the 30-year fixed amortizing loan - America's favorite - disappears. Ridge Lending Group President Caeli Ridge & I discuss this and more. I describe the difference between primary and secondary mortgage markets. Mortgage interest rates have dropped more than 1% year-over-year. Learn what it takes for you to qualify for an income property loan today: down payment, credit score, reserves, and debt-to-income ratio. You can put 15%, 20%, or 25% down payment on an income SFH. We discuss the differences. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Wall Street Journal: How Fannie & Freddie Work MarketWatch: FICO Scores Higher Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Alabama might be the top real estate investment state in the U.S. Why? Low cost properties, low tax, landlord-friendly, growth, warm weather, and advantageous rent-to-value ratios. For cash flowing property, start at: GetRichEducation.com/Birmingham and GetRichEducation.com/Huntsville. Birmingham is Alabama's largest urban area, Huntsville is 2nd. SFH prices: $85K - $125K. Fees and volatility degrade your stock and mutual fund returns more than most think. Want more wealth? 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Birmingham Turnkey Property: GetRichEducation.com/Birmingham Huntsville Turnkey Property: GetRichEducation.com/Huntsville Tony Robbins' book: Unshakable Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

The first episode of one of America's most influential investing shows began October 10th, 2014. Here it is - uncut with gaffes, breathing and bumping the microphone. Host Keith Weinhold gives present-day commentary on this show that launched five years ago from his home's dining room table. Want more wealth? 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

$10 million in debt could BENEFIT you. I describe how. There are more "free-and-clear" homes today than in 2006. I tell you why. A major platform published that 30-year mortgages are better than 15-year. It appears terribly oversimplified. Home equity always has zero ROI. The debt decamillionaire can have a $300K annual tailwind from inflation-profiting alone. How to get informed, not affirmed. Then, Daren Blomquist joins us to discuss U.S. housing trends. The homeownership rate has declined, especially among those under age 35. The rental vacancy rate has plummeted to 6.8%. Market appreciation is cooling in a sustainable way, returning to long-term norms. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: 30-Year vs. 15-Year Mortgages: Business Insider My Forbes article: Why Home Equity Has Zero Return Auction.com GRE's Tampa Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation The NFL on CBS: www.cbs.com

Turnkey real estate vs. syndication compared. Cannabis production is like today's gold rush in agricultural real estate and retail. CBD is medical cannabis. THC is recreational, mind-altering cannabis. CBD is discussed today. CBD sales growth is projected at 107% every year through 2023. Get a predictable 15% Cash-On-Cash Return by making a loan on equipment that turns raw hemp into CBD oil. Learn more here. You must be an accredited investor, 12-month loan term. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: CBD Lending Opportunity For You: GetRichEducation.com/Lending CBD To Grow 107% Annually Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Single-family rentals have 16 advantages over apartments: Tenant quality, appreciation, neighborhood, school district, retention, no common areas, utilities, divisibility, fire, disturbances, financing terms, vacancy rate, management, supply & demand, risk, exit strategy. There's nothing wrong with apartment investing. They have their own advantages. Noel Christopher, Senior VP of Portfolio Services at Renters Warehouse, joins Keith to discuss today's single-family rental (SFR) market. Renters Warehouse manages 22,000+ homes in 25 states. They could be a good backup property manager for you. See their marketplace too. The midsize investor (owns 25 - 2,000 rental units) is becoming more involved in buying SFRs. Many say "mom-and-pop" landlords are competing with first-time homebuyers for single-families. Noel disagrees. Long-distance investing is more common today. Demographics of SFR tenants - both Baby Boomers and Millennials. Also discussed: beginner tips, build-to-rent communities. Keith brings you today's show from Anchorage, AK. Next week: Canton, OH. The following week: Philadelphia, PA. The week after: St. Petersburg, FL. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: RentersWarehouse.com GRE's Tampa Field Trip: RealEstateFieldTrip.com Warren Buffett on CNBC Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Five benefits of spending your money are discussed. (What? Is this irresponsible?) Keith Weinhold tackles the rarely-discussed benefits of money-spending: You beat inflation. You don't "lose" money; you spent it how you desired. Ensure a better quality of life. You help the economy exactly where you want to. Spending is more fun than saving. Many are afraid to discuss the topic of spending. Also discussed - what goes into home price appreciation, how inflation persists despite decades of technology, Millennials waiting for home prices to drop. Back to spending: Are "cheap" people annoying? School is irrelevant to wealth. Don't cut expenses; increase income. The only place you get money is from other people. Buy top vacations, wellness & exercise, mattress, vision, shoes, dental, home renovation, unprocessed food, phone. Spending is an investment in yourself. Experiences vs. Stuff. Money is fuel; it's only potential. The $25,000 taco. Giving to charity. Benjamin Franklin: "Wealth is not his that has it, but his that enjoys it." Then, a discussion with our Tampa provider about finding the right rental property neighborhood. Join us on our upcoming Tampa Real Field Trip, Oct. 10th to 12th. Start at RealEstateFieldTrip.com. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: GRE's Tampa Field Trip: RealEstateFieldTrip.com CNBC: The $25,000 Taco Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Real estate math is simple: add, subtract, multiply, divide. There's no complex math like trigonometry, algebra or exponents. Frank Gallinelli, Ivy League Professor of Real Estate Development at Columbia University in New York City, joins me to talk real estate numbers. Net Operating Income (NOI) estimates current market value of a property. NOI is rent minus VIMTUM. It does not include Principal and Interest. Your Debt Coverage Ratio (DCR) had better be greater than 1. You typically need a minimum of 1.2 to 1.25 to qualify for a property. Loan-To-Value ratio discussed. Seller "asking price" is almost irrelevant. A property's current market value is = Annual NOI / Cap Rate. Cap Rate = Annual NOI / Property Price or Value. Internal Rate Of Return (IRR) is more of a total return. Part of it is discounting your future cash flows. This considers your opportunity cost. I give an example of buying a new $20,000 heating system for an apartment building. This resulted in lower heating bills. This increased cash flow (and NOI) by $4,800 annually. Divide this by a 7% Cap Rate = $68,500 value increase. Therefore, a $20K investment both improved cash flow and increased building value by $68,500. I dislike GRM - Gross Rent Multiplier. Franks dislikes CCR - Cash-On-Cash Return. Return On Equity vs. Return From Equity. Don't get too lost in numbers. No property exists in a vacuum. The vibrancy of the market is more important than the property. Get a 30% discount on Frank Gallinelli's "Introduction To Real Estate Analysis" video course at learn.realdata.com with Discount Code: SAVE30 __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Frank Gallinelli's "Introduction To Real Estate Analysis" video course: learn.realdata.com Use Promo Code SAVE30 for 30% off. GRE's Tampa Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Keith Weinhold says the word of this real estate era may be: "supply". Why? The U.S. just hit its lowest rental vacancy rate in 35 years: 6.8%. Also, the U.S. just hit its lowest homeowner vacancy rate in 40 years: 1.3%. Mortgage interest rates just fell to near three-year lows. U.S. existing median SFHs now a record $279,600. Year-over-year appreciation is 4.3%. Regulation and environmentalism increase real estate prices. Join our Tampa Real Estate Field Trip at RealEstateFieldTrip.com Next, Daren Blomquist of Auction.com joins Keith to discuss current U.S. trends in: Foreclosure activity. Home price appreciation. Migration trends. Foreclosure activity is down due to high employment, more exotic loans now "rooted out of the system". 91-92% of metros Daren studied are appreciating in value. Net migration winners include: Florida, Texas, Tennessee, The Carolinas, Georgia, Washington, Arizona, Nevada, Colorado. Net migration losers include: New York, California, Illinois, Louisiana. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Daren Blomquist: Auction.com Heat Map: Home Appreciation Heat Map: Net Population Migration GRE's Tampa Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text "QRP" to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation