Get Rich Education

#155: Do what Amazon does. That is what you are doing when you invest passively in income property. But it's easier than building a business like Amazon. Like Amazon Prime, your RE portfolio has a recurring income stream. Amazon provides society with non-discretionary items like household goods; RE investors provide society the non-discretionary household itself. Today's guest, Abhi Golhar of Real Estate Deal Talk, emphasizes why cash flow is king today. He is exiting many flips in order to purchase cash-flowing SFHs and multifamilies. He tells us why. Abhi talks about "Rich Dad, Poor Dad", how to select a mentor, and much more. Abhi and I discuss real estate trends via geographics, demographics, and psychographics. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week's show and learn: 00:50 Real estate investing is like Amazon's success model, only easier. Here's why. 04:38 "Rich Dad, Poor Dad". 07:42 Buying and selling cars on eBay. 10:13 Following and choosing mentors. 18:37 The durability of real estate as it relates to caring for your body. 21:22 Freedom. 23:11 Real estate appreciation the last 5+ years. 26:34 Real estate geographics, demographics, and psychographics. 33:22 Abhi is exiting flips and purchasing buy-and-hold income property. Cash flow is king. 35:26 Responding to listener feedback, Get Rich Education's new episodes will begin publishing four days sooner: Mondays hereafter, rather than Fridays. Resources Mentioned: RealEstateDealTalk.com RidgeLendingGroup.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#154: After you have 10 financed residential properties and you want more, we discuss your options. These Specialty Loan Products are exciting. Example: 25% down, 5.9% interest rate today, 30-year amortization. We learn this today from Ridge Lending Group President and CEO Caeli Ridge after she first reviews qualification criteria for the first 10. I also discuss a simple way for you to increase your Cash-On-Cash Return with no extra money out of your pocket. We discuss what's changed with qualification requirements for your debt-to-income ratio, reserves, LLCs, liquidity, cash-out refinance limits and more. I bring you today's show from San Jose, Costa Rica. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week's show and learn: 01:17 How to increase your Cash-On-Cash Return. 03:42 High closing cost states: TX, FL, northeastern states. Low closing costs: MO, IN, AZ, AL. 07:11 Conventional loans: DTI 50% max., LLC change, liquidity, reserves. 15:14 Interest rates. 17:02 Cash-out refinance limits. 21:50 Specialty Loan Products (beyond 10 financed properties): 25% down, 30-year fixed amortization, 5.9% interest rate today (wow!), no limit to the number of properties, discount points. 27:18 Foreign buyers: 7.99% rate today, 5-year ARM, 30-year amortization. 29:03 Your tax return. 30:31 Today's lending environment. 32:43 RidgeLendingGroup.com specializes in your income property loan qualification. Resources Mentioned: RidgeLendingGroup.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#153: Where are real estate prices headed? I discuss this with Kathy Fettke of The Real Wealth Network. Demand still exceeds supply in many places. But in coastal areas, affordability problems could be a constraint on future appreciation. The latest Case-Shiller 20-City Index shows 5.7% year-over-year housing price growth. Though this is surely an imperfect metric, it is a historically sustainable growth rate. It is also supported with responsible lending. Kathy & I have each invested through the 2008-2009 Mortgage Meltdown and Great Recession. We discuss how that shapes our investor behavior. I also discuss how natural disasters like hurricanes can pummel those that have a lot of equity in their properties. I bring you today's show from Punta Gorda, Belize. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week's show and learn: 01:05 Hurricanes: how to protect your real estate. 05:33 When a loan is made, the borrower is in more control than the lender. 10:14 Supply vs. Demand. 12:56 Builders aren't building the most in-demand housing types. 13:20 Housing Affordability Index (HAI). 16:07 30-40% of the USA is overpriced. 60%+ is not. 18:28 Annual price appreciation is 5.7% per the latest Case-Shiller numbers. 20:05 Recency bias. 25:25 Holding Kathy & I accountable for what we said 19 months ago. The Fed, Trump. 31:25 Higher interest rates? Apartment buildings will be riskier than single family homes. 34:55 Best places for real estate investors today. 38:32 Texas. 41:02 More renters and fewer buyers mean that new RE investors are needed. 44:17 Trump will protect the mortgage interest deduction and 1031 Exchange. Resources Mentioned: RealWealthNetwork.com RidgeLendingGroup.com NoradaRealEstate.com GetRichEducation.com GREturnkey.com

#152: I recently made a real estate market field trip to St. Louis, Missouri. As one of the 20 largest U.S. metropolitan areas, its job growth and diversity of business sectors support durable rental income streams for real estate investors. Typical price points are $1,100 rents and $110,000 purchase prices for single-family income property in St. Louis. St. Louis has city housing inspectors - upside: this supports neighborhood condition, downside: they must be complied with. Kansas City, Missouri is also experiencing steady job growth amidst varied employment sectors. Visitors to the city remark about the area's cleanliness. Both St. Louis and Kansas City have investor-advantaged rental neighborhoods that consist of about 65% owner-occupants. This promotes good curb appeal and safety. Missouri has Landlord-Tenant laws which favor the investor (landlord) more than the tenant. We're discussing investment in turnkey income property: typically single-family homes that are already renovated, tenanted, and under management on that day that you buy. Learn more at: GetRichEducation.com/StLouis and GetRichEducation.com/KansasCity. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week's show and learn: 00:57 Apartment building investors have more interest rate risk than 1-4 family investors. 07:32 St. Louis, Missouri is a Top 20 U.S. metro. 09:48 St. Louis' technology and medical sectors. 11:01 Not many St. Louis turnkey operators. City inspectors. 14:30 Neighborhood safety. 16:08 Tenant income $40,000 to $55,000 in St. Louis. 17:10 1% rent-to-value ratio. 18:44 Renovation extent. 23:30 Kansas City overview and their substantial job growth. 26:50 Relatively low property taxes. 27:03 Missouri Landlord-Tenant Law: 30-day evictions. 27:31 Kansas City cleanliness. 35:04 Investors are assigned an "Investor Concierge" as your one point of contact. Resources Mentioned: GetRichEducation.com/StLouis GetRichEducation.com/KansasCity RidgeLendingGroup.com NoradaRealEstate.com GetRichEducation.com GREturnkey.com

#151: Your job feels bad. It makes you wonder where your time went. Keith tells you why your job feels so bad, gives you possible solutions, and reminds you "where your time went". Your job feels worse than ever due to economic, demographic, and social reasons. This is supported by data from the Bureau Of Labor Statistics, the Census Bureau, Bloomberg, and elsewhere. We explore. GRE listener Douglas Orr tells you how he built enough passive income to leave his job in just three years by quickly accumulating 50 rental doors. He respects his time by outsourcing property management. Douglas began RE investing by pulling $20,000 out of his 401(k) to buy a duplex and triplex. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week's show and learn: 02:01 Keith likes the new Apple AirPods wireless headphones. 03:46 "Where did your time go?" Keith answers. 05:58 Why your job feels so bad. 14:58 Straight out of high school, GRE listener Douglas Orr began working in an automotive factory. He lost control of his time. 16:29 Turning point: pulling $20,000 from his 401(k) to buy a duplex and triplex. 20:05 Beating the "one percent" target. 22:00 Managing managers less than four hours per week. 24:50 Douglas built his portfolio fast through shrewd equity management. He tells how. 27:42 Firing your boss. 29:53 Quitting your job: supportive family? 31:35 Caution: don't do THIS before quitting your job. 34:26 You quit your job? Then what do you do all day? 37:28 Controlling $100 million worth of real estate. Resources Mentioned: Douglas Orr: greensburg.alpha@gmail.com Douglas Orr on Facebook Bureau Of Labor Statistics RidgeLendingGroup.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#150: Giant mistake: investing in real estate only in your home market. You should be invested in at least 3 different geographic RE markets. This also how you can get a good mix of appreciation and cash flow over time. Volatility hurts your portfolio more than you think. Keith discusses two reasons why you will be in a more volatile environment in coming years: 1) Donald Trump, 2) Interest rates. Even if your home is paid off, you still have a payment. It's an opportunity cost payment. You aren't aware of it because you can't see it. Do you live below your means or do you expand your means? Keith gives several real-life examples. You just can't shrink your way to wealth. Keith brings you today's show from Anaheim, California. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week's show and learn: 01:28 Volatility hurts you: 1) Donald Trump. 2) Interest rates. 05:16 Diversify: invest in RE in at least three metro markets. 07:37 ROTI: Return On Time Invested. 09:24 Invest between the Appalachians and the Rockies in SFHs just below the median purchase price. 11:00 Appreciation vs. Cash Flow. 12:07 How will 10 SFHs move you toward financial freedom? 17:48 Even if your home is paid off, you still have a payment. 20:24 "Live where you want to live and invest where the numbers makes sense." 21:50 Tax-friendly states. 23:32 Examples: Living Below Your Means vs. Expanding Your Means. 28:51 When does your life really begin? Resources Mentioned: Article: How To Turn $100K Into $300K In Five Years Article: You Can't Shrink Your Way To Wealth RidgeLendingGroup.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#149: When real estate markets heat up, some investors are tempted to invest in tiny towns with few industries. With 700,000 in the metro area, Little Rock, Arkansas is substantially larger. Little Rock's diversity of industry includes government, health care, education, and military. Arkansas could be the most landlord-friendly of all 50 states. Landlords aren't even obligated to make repairs. Little Rock Turnkey rehabilitates a property, places a qualified tenant, puts the property under management, and then sells it to you. It is expected that this "turnkey" property produces cash flow for you on Day 1. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week's show and learn: 02:22 Pay attention to your monthly Property Manager statement. 05:08 Helping your profits: estimates vs. quotes. 07:37 Jeremy Veldman interview begins. 09:37 Little Rock's job sectors. 11:00 Is Arkansas still the most landlord-friendly of all 50 states? 15-day evictions. 16:35 Single-family houses, typically brick houses of 3 BR / 2 BA. Renovation extent explained. 19:14 Tenant-supplied appliances. 20:41 3515 Green Drive: $1,050 projected rent, $105,000 purchase price, 1,570 sq. ft. 23:56 Rent-to-value ratio. The next most important numbers are property tax, mortgage interest rate. 25:30 Tenant profile. 28:52 Affordability: Arkansas is #1. 31:55 Property management. 33:47 Neighborhood character: 2/3rds owner-occupant. Resources Mentioned: LittleRockTurnkey.com info@memphisturnkey.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#148: Do markets feel frothy to you? Real estate, stocks, corporate valuations, and even the values of major pro sports franchises have risen substantially. Keith explains why this matters less than you think. You learn about some little-known advantages of investing in single-family income property rather than apartment buildings. Brien Lundin, host of the New Orleans Investment Conference, joins Keith. Keith will be in New Orleans for the conference this October 25th - 28th. Speakers include Tucker Carlson, Doug Casey, Peter Schiff, and Robert Kiyosaki. Brien tells us about the role that gold plays in the world today. Keith tells you how much of his net worth is invested in precious metals. Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 00:49 Frothy markets. 02:08 The median sales price of existing US homes is $264,000. 05:59 Single-family income properties vs. apartment buildings. 15:35 Keith tells you how much precious metal he owns. 23:08 Brien Lundin Interview begins. Gold's role in the world today. 28:44 Cryptocurrency. 30:55 Silver. 32:17 Why Brien thinks gold prices will soon rise. Resources Mentioned: NewOrleansConference.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#147: You're going to live longer than your parents and ancestors. Half of today's retirees will live into their 90s. That's good...if your finances can support your lifestyle. Patrick Donohoe, Founder and CEO of Paradigm Life, is our guest today. Debt is vital to wealth creation. We tell you why. Inflation vs. Deflation: this "Economic Tug Of War" is discussed. It's deflationary globalization versus inflationary dollar-printing. Patrick tells us how to bank outside the banking system via the Perpetual Wealth Strategy. Grab Get Rich Education's new book at GetRichEducation.com/Book Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 01:00 "Formal education will make you a living. Self-education will make you a fortune." -Jim Rohn 06:08 Patrick Donohoe interview begins. 09:24 Retirement: is the very idea "anti-life"? 12:36 Buying time vs. selling time. Wall Street vs. Main Street. 16:06 Hanging around the same people equals the same results. 17:26 Debt. 25:17 Inflation vs. Deflation. 34:26 How to "be your own bank". Resources Mentioned: ParadigmLife.net NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#146: Debt is good. Debt is bad. Which type is good and which type is bad? When your tenant is paying your debt for you, that's good debt. When you have consumer debt, that's usually bad. But Keith contends that consumer debt can almost be good for some savvy investors that use debt for arbitrage. If you could have gotten a 3% loan on your car, but instead you chose to pay cash, then you're probably paying an opportunity cost. In real estate, the return from equity is always zero. Debt replaces that zero-return equity. But would you ever pay all-cash for your property? Keith is a "leverage guy", but yet he gives reasons for when and why you would want to pay all-cash. Would you borrow $100K from 0% APR credit cards to create arbitrage? Some do. Mortgages, Home Equity Lines Of Credit, Federal Funds Rates, automobile loans, student loans, and credit card debt are all discussed. Ultimately, you would rather be financially-free rather than debt-free. Grab Get Rich Education's new book at GetRichEducation.com/Book Want more wealth? Visit: 1) GetRichEducation.com to grab our free newsletter. 2) GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 01:25 "Eliminate all debt" is just too simple to be true. 04:31 Why pay down mortgage principal at all? 05:50 A mortgage is a one-way street. HELOCs are a two-way street. 08:06 Robert Kiyosaki clip. 11:04 Consumer debt and arbitrage. 12:30 Increasing interest rates. 13:25 Higher FICO scores and Debt-To-Income Ratio limits. 15:05 Interest rates have never been this low while the job market is at full capacity. 16:29 Credit card arbitrage. 23:15 Here's when and why to pay all-cash for a property. 26:10 Ryan Daniel Moran clip. Resources Mentioned: Consumers May Get Credit Score Boost DTI Change From 45% To 50% Maximum NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com