Get Rich Education

Chicago and Philly are doomed. Today’s guest, Peter Zeihan of Zeihan.com, tells us why. U.S. housing will change with shifts in immigration. Future immigrants will have more skills than current immigrants. Peter & I discuss city-by-city economic fortunes: New York City - Top U.S. destination for capital. But capital is beginning to flow to secondary cities like Charleston, Dallas-Fort Worth, Denver. NYC is not business-friendly. Philadelphia - Should be an economic powerhouse, but make poor business decisions. Not a world-class city. Will hollow out. Washington, D.C. - Could face problems with contractions in government demand. Cleveland, Pittsburgh - Both trending well with tech-based reinventions. Chicago - Rife with deep economic problems. May take national emergency to save them. Florida metros - Tampa, Orlando, Jacksonville areas will keep booming. Memphis - Looks positive. Transportation center. Texas metros - Business-friendly, thriving, decisions made at local level. Big regional differentials in property tax. California - Most economically “unequal” state in U.S. Seattle - What pushes up housing prices? Geographic isthmus, new business. Hawaii - Real estate prices are high and resilient. Much of this is due to geography. With NAFTA’s restructure, Texas and the Great Plains are poised to prosper. Want more of Peter Zeihan? He was on Get Rich Education episodes: 101, 114, 236, 237. __________________ 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 Peter Zeihan’s website: Zeihan.com Peter Zeihan on Twitter: @PeterZeihan Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

Learn how the U.S. compares to the rest of the world today - economically, geopolitically, and demographically. The global order no longer serves American interests. It’s over. Today’s guest, Peter Zeihan of Zeihan.com, tells us why. Peter & I also compare strength among global currencies, and discuss inflation vs. deflation, and interest rates. The U.S. has 90-95% economic self-sufficiency. For comparison, Germany’s is 40%. Chinese global financial interaction is waning. Europe’s negative interest rates are a future likelihood. Mexico, Myanmar, Vietnam, and Indonesia are poised for a bright economic future. China and the United Kingdom are expected to be future losers. Zeihan: London will decline. That money and activity will come to New York City. __________________ 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 Peter Zeihan’s website: Zeihan.com Peter Zeihan on Twitter: @PeterZeihan Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#235: Under age 30? Then you’ve never been smacked in the face with an economic recession. I discuss. At 33, Tim Bratz is an expert in apartment buildings, finding deals, raising money, coaching, personal development, and mindset. Tim’s real estate epiphany came when he saw a lucrative Manhattan real estate deal from the inside. He bought his first house in Charleston, SC in 2009 with a credit card for $14,000. Today, he has substantial equity in 2,000 doors and $150M+ in value. The key? "Give before you ask." I ask Tim about falling apartment cap rates today. He has an answer and plan for resilience. He buys distressed properties at a discount and forces appreciation. Tim attributes his rapid success to attending mastermind groups. __________________ 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 Tim Bratz Websites: CommercialEmpire.com CLEturnkey.com Tim Bratz Facebook: Facebook.com/tlbratz Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#234: Learn why Millennials still cannot buy homes, and why real estate sales are down. Real estate cannot be flash-printed or mined. It has a finite supply. If you live in an investor-advantaged market in the Midwest or South, should you still buy out-of-market? Get mortgage pre-approval before you make offers on property at GREturnkey.com. Wealth Factory’s Garrett Gunderson & I discuss why net worth is not the top wealth measure. Learn the “one question” to define another’s scarcity and abundance mentality. Two key formulas: Cash Flow Index = Loan Amount / Min. Monthly Payment Investment Index = Down Payment / Monthly Cash Flow I’m bringing you today’s show from the southern Caribbean island of Bonaire. __________________ 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 Garrett’s Website: WealthFactory.com Garrett’s Book: Text “WWRD” to (801)503-9667 Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#233: It's Rich Dad Month, Week 4 of 4. Guest Robert Kiyosaki joins us. Robert authored the landmark book “Rich Dad, Poor Dad” and is the #1-Selling Personal Finance Author Of All-Time. He & I discuss the difference between real assets and fake assets. Real assets put money into your pocket every month; they feed you. Fake assets need you to feed them. Robert thinks all this is wrong: Go to school. Get a job. Work hard. Save money. Get out of debt. Invest in the stock market for the long-term. Savers are losers. We also discuss: the dollar and the gold standard, teachers, taxation, derivatives, debt, socialism, infinite returns, and the Alaska Permanent Fund Dividend. It’s Robert’s third all-time Get Rich Education appearance. __________________ 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 Rich Dad Website: RichDad.com Kiyosaki’s New Book: Fake Nixon Gold Standard speech Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#232: It’s Rich Dad Month, Week 3 of 4. Learn how to pummel your tax bill with Rich Dad Tax Advisor Tom Wheelwright. Retail store closures continue to change the complexion of American malls and retail. Hear a humorous comparison between spending your retirement at an Assisted Living Home vs. the Holiday Inn. Learn how to take the home office deduction, about real estate Opportunity Zones. Did you know that to take advantage of Opportunity Zones, you basically must be a developer? With Bonus Depreciation, it could now make sense for you to tear down your IRA. Consider converting it to cash, then invest it for cash flow. __________________ 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: Tom Wheelwright: Wealthability.com Freddie Mac House Price Index: FreddieMac.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#231: It’s Rich Dad Month, Week 2 of 4. Learn how to optimize your rent income with Ken McElroy. Learn how to create a profit spread just like the banks. Case-Shiller vs. Freddie Mac - learn who has the best U.S. Housing Price Index. Freddie Mac tracks all 50 states; Case-Shiller only tracks 20 large cities. Freddie tracks sales from mortgages. Case-Shiller gets data from county assessor and recorder offices. Real estate prices have an inverse relationship with rent amount. If rent demand exceeds supply (tight market), learn how quickly you should raise rents. If rent supply exceeds demand (slow market), learn how low you should let your standards drop. Learn how to avoid “over-improving” a rental unit. __________________ 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: Ken McElroy: www.KenMcElroy.com Freddie Mac House Price Index: FreddieMac.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

#230: It's Rich Dad Month, Week 1 of 4.  If you work at a W-2 job, learn how to reduce your taxes. Become a “real estate professional”. If you’re married with a stay-at-home spouse, you increase your chances. To qualify as a real estate professional, RE must be your principal activity and consume at least 750 annual hours. There are four income types for tax treatment:     1) Earned     2) Ordinary     3) Capital gains     4) Passive Passive losses are only deductible against passive income. We’ve recently undergone the most sweeping tax changes since 1986. Your bonus depreciation benefit was introduced in Trump’s Tax Cuts And Jobs Act - are you taking advantage of it? __________________ 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: Tom Wheelwright: www.Wealthability.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#229: Holy shift! Mortgage rates have hit their lowest level in a year. 5.5% interest rate and a 20% down payment for an income property are today’s terms. 740 credit score gives you the best rates. Beyond your first 10 properties (single) and 20 properties (married), there is NO LIMIT on the number of properties you can buy (SFHs to four-plexes). Though after 10 single / 20 married, your interest rate will be higher, though not by much. Learn from Ridge Lending Group CEO & President Caeli Ridge about what you need to qualify for an income property loan today. We discuss your DTI: debt-to-income ratio. I give an example of how to determine yours. Want a cash-out refinance of your income property? 75% LTV for SFHs, 70% LTV for 2-4 unit properties. Learn about why today’s smart money often buys 1-4 unit properties rather than larger apartment buildings … … it’s the safety & stability of 30-year fixed loans. Remember, last month on the show, Jim Rogers told us interest rates will go much higher over the long-term. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Find Properties: GREturnkey.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#228: Is Trump’s real estate wealth self-made or inherited? You get surprising answers. Also learn about property hold time, equity flipping, cap rates, health insurance, a mastermind group. How long should you hold onto an investment property? Short answer is 8 years. Generally, sell when you have at least 15% more equity than your contemplated replacement. “Equity flipping” is a term that I introduce to you today. Don’t flip property, flip equity. This increases your velocity of money. Learn all about Cap Rates. Cap Rate is income divided by price. Cap Rates are driven by supply and demand. Cap Rate excludes financing because you brought a mortgage to a property, the property didn’t come with the mortgage. Learn about health insurance for entrepreneurs. Next month on the show: Robert Kiyosaki, Tom Wheelwright, and Ken McElroy will all be here for “Rich Dad Month”. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Visual Capitalist: Trump: The Real Story World Real Estate Trends & Climate: GlobalPropertyGuide.com Collective Genius Mastermind Group: http://invite.thecollectivegenius.com/ Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith personal Instagram: @keithweinhold