Get Rich Education

#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  

#227: You are aging. So is America. The U.S. median age keeps rising. We need more senior housing. Your demographics are baked in the cake. Gene Guarino, owner of the Residential Assisted Living (RAL) Academy & I tell you about the opportunity. Serve seniors by converting Single-Family Homes into Assisted Living Homes (ALHs). There are two distinct pieces here:     1) The real estate.     2) The business with residents & care staff. Average U.S. ALH tenant pays $4,000 per month x 10 residents = $40,000. Your net is about 30%. That’s $12,000 month. We discuss how to find the right real estate and strategies for filling it with residents. Rule of thumb: 300 sf for every resident is quite comfortable. Learn how an ALH-SFH “Profit & Loss Statement” looks. ALH tenants are long-term, low impact, and pay above-market “rent”. My friend Brandon heard Gene here on the show before. Brandon got started. We discuss. It’s easiest for you to buy an existing business. If you can’t then learn about your care staff’s necessary qualifications. Financing for ALHs? 80% loans. __________________ 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: Gene’s Online Course Gene’s Live Course Brandon’s e-mail: thrivealh@gmail.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation  

#226: You’re at risk with only one income stream. Federal government workers thought their income stream was “secure” until the recent shutdown. Recently, my friend was uprooted when his employer handed their family a job transfer (move or be fired). With only one income stream, you’re beholden to one boss or one company’s whims. You need multiple, durable passive income streams. America uses its land in surprising ways: 4% is urban land. 41% is pasture & range land. 20% is crop land. One company owns a timber stand nearly the size of West Virginia. Surprisingly, America is becoming less mobile. Fewer people move homes annually. Effects discussed. __________________ 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: Bloomberg: How America Uses Its Land Axios: Americans Less Mobile 2019 State Business Tax Climate Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation  

#225: Learn what manager fees you should pay & not pay. The “glue” that binds you & your profitable property together is your Property Manager (PM). Higher PM fees might be better or worse for you - it depends on what duties they perform. You pay both a Management Fee and a Leasing Fee. If there’s an activity that you DON’T want to do with your property, then make sure your PM will do it as stated in your Management Agreement. What should Managers DO? Collect rent, find tenants, market vacant property, perform maintenance, pay bills, handle emergencies. What DON’T Managers do? Sell or refinance a property for you. What falls in between? Extensive renovations, evictions, regular maintenance inspections. We discuss Property Management Agreements. GRE-Houston is perhaps the best investment market we’ve never discussed before. As America’s 4th-largest city, Houston has good rent-to-value ratios, low property prices, a vast economy, stunning growth, and laws benefit landlords over tenants. The Houston provider has BRAND NEW construction SFRs and duplexes for you. __________________ 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: Houston Turnkeys: GetRichEducation.com/Houston Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

#224: The legendary Jim Rogers tells you about a recession, the economy, interest rates, residential & agricultural real estate, inflation vs. deflation and more. Jim Rogers co-founded The Quantum Fund, has his own commodities index, own ETF, and is one of the most influential business and investing moguls of our time. He tells us interest rates will go much higher. Lock in your debt now. Why inflation will win over deflation. Wall Street is coming to an end. He tells you why. Jim loves agricultural real estate. See our provider at GetRichEducation.com/Coffee I ask: “What should today’s young person do?” __________________ 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 __________________ Listen to this week’s show and learn: 04:15 The place to be was London 200 years ago, NYC 100 years ago, Asia today. 06:12 Interest rates will go much higher. 09:38 Inflation vs. deflation. 12:33 Recession. 14:40 Real estate, agriculture. 18:06 Wall Street is coming to an end. 21:25 What won’t change? 24:35 Coffee, water. 27:54 “What should today’s young person do?” 30:12 Korea. 34:48 Interview summary. Resources mentioned: Jim Rogers’ Book Jim Rogers - Wikipedia Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com Follow us on Social: @getricheducation  

#223: You must build streams of income, not pools of income. Learn why. Then we recap what really happened in 2018, and predict how that affects you in the next couple years. Real estate up 5.5%, Dow and S&P down 6%, NASDAQ down 4% year-over-year. Learn how stock and bond movements affect mortgage rates. Next week, business mogul Jim Rogers joins us. Finally, will you “Live Before You Die”? (Lyrics to this segment below.) __________________ 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 __________________ Listen to this week’s show and learn: 02:40 Income Streams vs. Pools: The context of asset capital values. 07:21 Running the annual numbers - real estate, stocks, CPI, gold, oil, etc. 09:48 President Trump’s barbs. 14:23 Stocks and bonds affect on mortgage interest rates. 16:30 Predictions from Realtor.com’s Chief Economist. 20:51 Jim Rogers joins us next week. 23:32 “Live Before You Die” Audio Program. 29:22 “Live Before You Die” thoughts. Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com   “Live Before You Die” lyrics:   If you work for a salary or a wage, then money is an important factor in your life.   So there you are, making between $60,000 and $150,000 per year.   You’ve got a good home, steady employment, you drive a decent car. Sometimes you even feel “comfortable.”   This one precious life of yours is made up of time. Are you trading away that time for dollars at a job that you aren’t passionate about?   Every morning, you might even separate yourself from those you love… in order to do this.   With real estate investing, you don’t want properties so much as you want its passive income - income that you don’t have to work for.   Now your eternal time vs. money dilemma is solved.   If you don’t know why you urgently need financial freedom, do it so that you can “Be Yourself”.   See… you wake up to a blaring alarm to get to your job - and that’s how your day starts. Then you’re programmed to tote company lines all week.   Near the end of the work day, you’re playing another tireless charade - screwing around on the internet while you’re watching the clock like it’s a countdown timer so you can get out of there. that’s unethical.   You aren’t being yourself… because you wouldn’t naturally do those things.   Most employees aren’t driven by purpose, they’re driven by fear.   Your growth can only begin when you peel back each layer of your vulnerability onion and get honest with yourself.   The roots of change are nourished with genuineness.   You’d rather quit your job and be a nature photographer or a Red Cross volunteer or a sports writer or travel.   Even if your job is OK, wouldn’t life be better if you were job-optional?   You haven’t created the time to feel peace, joy, happiness, giving, love and freedom in your life.   You spend all this time learning how works works, zero time learning about how money works... yet money is the only reason that you even go to work.   Look… you won’t obtain freedom by getting your money to work for you.   Every dollar that you put in a stock or 401(k) plan can’t leverage other people’s money...   ...for freedom, you must ethically employ other people’s money. That’s the mindset shift.   Real estate gives you limitless access to other people’s money - the bank’s, the government’s, and your tenants.   When you have enough passive income to meet all of your expenses, you can quit your job and be free!   Real estate is the generationally-proven way to build wealth and you don’t even need any degree or certificate.   That’s why I talk tirelessly on my podcast, and in videos, and articles and newsletters and wrote a book, and keep visiting the best geographic markets to find the right opportunities and properties and to meet the right people.   In this one life of yours, you can either be a conformer or you can build wealth.   Once you have time freedom, whether or not you want to go on to be rich from there - well, that part’s up to you.   This is an unselfish act - because when you do what you love, you’ll produce better results for both your family and society. You can’t help others if you’re poor.   Don't live below your means. Expand your means - with anything that you do in life.   The sad thing is, you have a choice in this - yet you’re selling your time and your soul for money. And that’s what breaks my heart.   Learn how to invest in real estate - the smart, patient, stable way.   Most people get used to “settling” in life. When you were 12 years old and thought about your adult life, I’ll tell you one thing that you never thought:   “Someday, I’m going to live a small life.”   Well, now that’s precisely what you’ve done.   Get real with me. How much did your employer pay you to quit your dreams?   Do you even remember what your dream was from when you were 12? I bet you’ve forgotten.   When your dreams die, you die.   Most people die at age 25. It’s just that they’re not buried until age 85.   Will you live before you die?   -by Keith Weinhold of Get Rich Education ___________________________________   See the “Live Before You Die” VIDEO when it is released by subscribing to our e-mail newsletter at: GetRichEducation.com   Also, follow me on Instagram:   @getricheducation   @keithweinhold   Facebook:   @getricheducation   YouTube:   Get Rich Education Channel   Twitter:   @GetRichEd   LinkedIn:   Keith Weinhold

If you work for a salary or a wage, then money is an important factor in your life. So there you are, making between $60,000 and $150,000 per year. You’ve got a good home, steady employment, you drive a decent car. Sometimes you even feel “comfortable.” This one precious life of yours is made up of time. Are you trading away that time for dollars at a job that you aren’t passionate about? Every morning, you might even separate yourself from those you love… in order to do this. With real estate investing, you don’t want properties so much as you want its passive income - income that you don’t have to work for. Now your eternal time vs. money dilemma is solved. If you don’t know why you urgently need financial freedom, do it so that you can “Be Yourself”. See… you wake up to a blaring alarm to get to your job - and that’s how your day starts. Then you’re programmed to tote company lines all week. Near the end of the work day, you’re playing another tireless charade - screwing around on the internet while you’re watching the clock like it’s a countdown timer so you can get out of there. that’s unethical. You aren’t being yourself… because you wouldn’t naturally do those things. Most employees aren’t driven by purpose, they’re driven by fear. Your growth can only begin when you peel back each layer of your vulnerability onion and get honest with yourself. The roots of change are nourished with genuineness. You’d rather quit your job and be a nature photographer or a Red Cross volunteer or a sports writer or travel. Even if your job is OK, wouldn’t life be better if you were job-optional? You haven’t created the time to feel peace, joy, happiness, giving, love and freedom in your life. You spend all this time learning how works works, zero time learning about how money works... yet money is the only reason that you even go to work. Look… you won’t obtain freedom by getting your money to work for you. Every dollar that you put in a stock or 401(k) plan can’t leverage other people’s money... ...for freedom, you must ethically employ other people’s money. That’s the mindset shift. Real estate gives you limitless access to other people’s money - the bank’s, the government’s, and your tenants. When you have enough passive income to meet all of your expenses, you can quit your job and be free! Real estate is the generationally-proven way to build wealth and you don’t even need any degree or certificate. That’s why I talk tirelessly on my podcast, and in videos, and articles and newsletters and wrote a book, and keep visiting the best geographic markets to find the right opportunities and properties and to meet the right people. In this one life of yours, you can either be a conformer or you can build wealth. Once you have time freedom, whether or not you want to go on to be rich from there - well, that part’s up to you. This is an unselfish act - because when you do what you love, you’ll produce better results for both your family and society. You can’t help others if you’re poor. Don't live below your means. Expand your means - with anything that you do in life. The sad thing is, you have a choice in this - yet you’re selling your time and your soul for money. And that’s what breaks my heart. Learn how to invest in real estate - the smart, patient, stable way. Most people get used to “settling” in life. When you were 12 years old and thought about your adult life, I’ll tell you one thing that you never thought: “Someday, I’m going to live a small life.” Well, now that’s precisely what you’ve done. Get real with me. How much did your employer pay you to quit your dreams? Do you even remember what your dream was from when you were 12? I bet you’ve forgotten. When your dreams die, you die. Most people die at age 25. It’s just that they’re not buried until age 85. Will you live before you die?   -by Keith Weinhold of Get Rich Education ___________________________________ See the “Live Before You Die” VIDEO when it is released by subscribing to our e-mail newsletter at: GetRichEducation.com Also, follow me on Instagram:   @getricheducation   @keithweinhold Facebook:   @getricheducation YouTube:   Get Rich Education Channel Twitter:   @GetRichEd LinkedIn:   Keith Weinhold

#222: Learn how to reduce vacancy and turnover cost in your property. Nationally, the rental vacancy rate is between 7% and 8%. If you increase occupancy from 90% up to 94%, that’s just 4%. But this could boost your CASH FLOW 20%. Increase occupancy by avoiding properties with functional obsolescence. Avoid high turnover cost by owning 1,500 sf single-family homes, not 2,800 sf homes. Learn more about investing in northwest Indiana’s 1% rent-to-value ratio turnkey property at www.GetRichEducation.com/Chicago Learn how to fit the property to the tenant. Find the best questions to ask both turnkey sellers and property managers. __________________ 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 __________________ Listen to this week’s show and learn: 02:52 How to find area vacancy rates. 04:01 How to reduce vacancy with your lease agreement. 05:18 Importance of occupancy. 09:45 How to start right. 10:50 Avoiding functional obsolescence. 13:42 Avoiding larger SFHs. 18:18 Remodeling trends. 20:45 Handling late rent payments. 22:30 Tenant-property fit. 26:22 Best questions to ask a turnkey seller. 28:56 How to interview a Property Manager. 35:16 Geographic arbitrage in northwest Indiana, “Chicagoland”. Resources mentioned: Connect with provider: GetRichEducation.com/Chicago Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com

#221: You will be impacted. Learn the latest in rent increases, interest rates, affordability, inflation, asset values, tariffs, institutional money in real estate, the “Build-To-Rent” trend. Learn why large companies raise rents faster than “mom-and-pop” investors like you. Russell Gray of The Real Estate Guys and I share what we discovered at prominent conferences this month. He co-hosts the amazing Investor Summit At Sea. I’ve attended this unique, world-class real estate investing event. Get event details. Send an e-mail to: gre@realestateguysradio.com It could be the best investment that you make in 2019. __________________ 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 __________________ Listen to this week’s show and learn: 02:22 Tariffs effect on you. 05:48 Affordability. 09:05 Interest rates, inflation. 12:55 Small, but higher yields on savings accounts, CDs. 18:12 Institutional investors’ impact on you. 26:55 The “Build-To-Rent” trend in SFHs. 28:55 Buy vs. Rent your primary residence. 30:18 The special and transformative Investor Summit At Sea. 35:43 You could sit at a small table with Robert Kiyosaki. Resources mentioned: Investor Summit At Sea ShadowStats.com ChapwoodIndex.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com  

#220: Financially-free vs. debt-free. Pick a side. In this interview and debate, I’m on the financially-free side. Two podcast hosts are on the debt-free side. Financially-free means doing what you want to do, when you want to do it. Debt-free means that you don’t owe anyone anything. Can’t you just pick both? Well, being on the debt-free side often means taking a step away from financially-free. Host Seth Williams and co-host Jaren Barnes run REtipster.com and the REtipster Podcast. __________________ 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 __________________ Listen to this week’s show and learn: 03:42 Example on why home equity is unsafe, illiquid, and ROI-zero. 05:30 Interview begins. 08:15 Average of the five. 10:02 Wealthy | Middle Class | Poor 12:46 Stop looking at property. 22:50 Is today a good time to buy real estate? 28:29 Financially-free vs. debt-free. 50:35 Reasons to avoid leverage. 52:58 Rising HELOC rates. 54:21 Long-term commitments. 58:27 “The Godfather Of Real Estate”, Bob Helms, and friend John Collins on debt. Resources mentioned: Seth Williams’ Website: REtipster.com Seth Williams’ Podcast: Here My Book: 7 Money Myths - Amazon My Book: 7 Money Myths - E-version Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey RE: NoradaRealEstate.com QRP: TotalControlFinancial.com Find Properties: GREturnkey.com