Get Rich Education

#136: Get a pay raise from your employer with this innovative approach. Also, increase your rental income with this technique. Learn how to raise the rent on your tenant without losing them. It starts with you thinking about how your tenant is thinking. Use this "3 Options Strategy". Think about your "Salary Reduction Plan" vs. your "Salary Increase Plan". Don't ask your boss for a raise. You'll learn how to give yourself one. Keith also has a fresh take on property management. Keith brings you today's show from Philadelphia, Pennsylvania. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 01:32 Raise the rent on your tenants in this innovative way. 03:59 Lease Renewal Options Form - give your tenant three rent amount and duration options. 05:34 Justification for increasing your rent: higher property tax, hazard insurance, utility costs, etc. 08:39 Why a subtle 3-5% rent increase helps you more than you think. 10:23 How to get a pay raise from your employer. 13:14 Negative cash-flowing property: perspective. 17:56 Don't even ask your boss for a raise. 23:55 Property Managers - you want one, but yet you don't. Discussion. 26:45 Subway restaurant analogy. 30:54 How many income properties could you own if you self-managed? 32:36 Find the right income properties through: www.GREturnkey.com Resources Mentioned: Keith's Whiteboard Video: Cash Flow vs. Inflation NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#135: From $50 million to zero. That's what happened to the net worth of today's guest, Rod Khleif, in the mortgage meltdown of 2008. His mistake was that he focused on real estate appreciation rather than cash flow, and he lost control. He's owned 2,000 single-family homes and multifamily units. Rod is a motivating guy. He talks to us about Single Family vs. Multifamily Property, self-management of property, and the psychology of success and fulfillment. Keith brings you today's show from upstate Pennsylvania. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 02:40 Single Family vs. Multifamily. 09:09 Professional management vs. self-management of property. 11:31 Self-visualization and motivation. 15:51 Goal-setting. The psychology of taking action. Visualization. 20:52 Gratitude. 22:46 How to find achievement and fulfillment. 29:49 Trade-offs: Single Family vs. Multifamily. 32:18 Should you ever self-manage property? 34:53 Giving yourself a pay raise at work and increasing your rent income on your properties. Resources Mentioned: RodKhleif.com | Text "ROD" to 41411 NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com SpotCrime.com

#134: Tom Wheelwright, Rich Dad Advisor and Founder of ProVision talks with Keith about classifying income property repairs vs. improvements. We discuss how 401(k)s are for people that care little about involvement in their financial future. Will taxes ever get simpler? Tom says no. Classifying repairs vs. improvements is a big deal. There's a $2,500 threshold distinguishing the two categories. Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 03:40 Early civilizations collected taxes: Ancient Egypt, Imperial China, the U.S. vs. Britain. 07:22 Income tax hurts employees most, beginning in 1944. 09:03 Will taxes ever get simpler? No. 11:30 Classifying repairs vs. improvements. "The $2,500 Rule." 23:53 401(k) participation. Why would educated people be interested in one? 30:10 401(k)s are Salary Reduction Plans. 32:22 Before-tax vs. after-tax rates of return. 34:06 How to find the right tax advisor. Resources Mentioned: TaxFreeWealthAdvisor.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#133: Now you can put just a 20% down payment on your first 10 financed properties. Requirements for cash reserves are now lower too. We discuss the details. You need a loan for income property. Loans mean leverage. Leverage can produce great rates of return for you in an appreciating environment Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage talks about today's terms for income property loans on 1-4 unit properties: down payment, interest rates, credit score, reserve requirements, debt-to-income ratios and more. We're talking about conventional Fannie Mae / Freddie Mac financed property requirements on non-owner occupied real estate. Keith brings you today's show from Philadelphia, PA. Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 01:30 Keith thinks that real estate will keep appreciating for a while, though at a slower rate. 04:35 20% down payments in your first ten 1-4 unit properties! Details. 06:57 Reserve requirements are now more loose. It's now based on your unpaid balances. 11:12 Husband and wife: up to 10 loans each. 12:27 Home Equity Lines Of Credit and your Debt-To-Income Ratio. 15:14 The advantage of using an income property-oriented Mortgage Loan Officer. 19:00 Interest rates: owner-occupied vs. investor mortgage rates. 21:55 Down payments of 20% vs. 25%. Lower interest rate with 25% down? 23:57 Mortgage sequencing when you want multiple loans. 27:36 Looser lending climate today. 30:46 Property inspection reports. Resources Mentioned: Graham Parham Team: 1-855-326-6802 TexasInvestorLoans.com GREturnkey.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com

#132: Create wealth and time for yourself with these ideas, websites, apps, secrets, and shortcuts. Get a 51% ROI from turnkey real estate investing. How? Example given. Seth Williams of Bigger Pockets and the Lighter Side Of Real Estate joins us. Learn more about Seth at www.retipster.com. Want more wealth? Visit: 1) www.GetRichEducation.com to subscribe to our free newsletter. 2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week's show and learn: 02:52 Achieve a 51% ROI from turnkey real estate investing with: appreciation, cash flow, tenant principal paydown, tax depreciation, and inflation-hedging. 07:26 Risks. 09:34 GREturnkey.com - Turnkey cash flowing property in investor-advantaged markets. 12:42 NeighborhoodScout.com - Aggregating neighborhood data like crime, school district. 16:45 Overcast podcast listening app. 19:30 BombBomb.com - Send video e-mails. 22:00 RocketLawyer.com - Access to legal documents, contracts, real estate agreements. Convenient Q & A format completes documents for you. 23:28 Cozy.co - Free self-property management platform. 25:38 LeadPropeller.com - User-friendly website builder for real estate investors. 27:14 UnSplash.com - Free high-quality, rich images. Royalty-free and legal for your use. 29:00 InvestorCarrot.com - User-friendly website builder for real estate investors. 29:14 The importance of having a real estate investor website. 31:12 BluePay.com - Accept real estate payments through credit cards. 33:30 Trello.com - Cloud-based project management. Communicate with your team. 35:18 TextExpander.com - Productivity app that lets you conveniently insert boilerplate phrases. This way, you don't need to type the same thing over-and-over. 37:34 Wunderlist.com - Create shared cloud-based checklists. Resources Mentioned: REtipster.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com

#131: Ken McElroy is our guest today. He's the Rich Dad Advisor for real estate. Why does your tenant move out, and what will keep them inside your rental property? He tells us what tenants want today and how rental trends have changed over the last 5, 10, and 20 years. With over 10,000 units in multiple markets in his company's control, he knows. In many markets, rent increases are not coming as easily as they were a few years ago. Ken & I discuss the best ways to increase income on your property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 02:12 Polling tenants at move-out to determine why they moved. 05:05 Tenants are more mobile today. They go where jobs are. 06:40 Service level to tenants is more important today - fitness center, activities directors, shuttle vans, and even bartenders. 07:35 Living spaces of 200 - 300 square feet in urban cores and college towns. 09:44 Why can't tenants pay more rent? Discussion on negative rent growth. 13:52 High rents can be a threat to public safety. 22:20 Why did your tenant move out? 28:03 School districts, crime. 30:19 Forecasting infrastructure improvements and how that boosts local real estate. 34:47 Websites that Ken uses for real estate market research. 37:22 Increasing your Net Operating Income - best ways, dumbest ways. 40:49 Pushing rents too high. 44:12 Ken feels real estate is still the best asset class to be invested in. But he tells us to exercise caution in a hot market. 46:22 Catch up with Ken at KenMcElroy.com Check out his great video series, KenFlix. 47:53 A lot of people are going to lose everything in the next five years. Resources Mentioned: KenMcElroy.com Nmhc.org | Uli.org NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com

#130: The U.S. housing market shortage is on. Inventory is getting squeezed in many markets. Keith discusses. Jordan Goodman is our guest today. He's "America's Money Answers Man" and you've seen him answer money questions across the decades on The View, Fox News Network, CNN, CNBC, the CBS Evening News, Money Magazine, and terrestrial radio. He's also authored 13 books on personal finance. Jordan tells us: how you can use leverage, how to create a cash flow stream by making a real estate loan to others, what Donald Trump means to real estate investors, about the future of interest rates, consumer sentiment, and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 01:22 The U.S. housing squeeze is on. For example, in Seattle, one in only 263 homes is for sale. 04:24 Bubbles. 07:02 Jordan Goodman interview begins. 09:27 Leverage: dolphins vs. sharks. 16:28 Build an income stream of 8% cash flow by being a lender on commercial real estate. 27:18 Donald Trump and the real estate market. 31:21 The U.S. real estate shortage. 33:10 Interest rates. 34:27 Consumer sentiment and jobs. 37:32 Banks are not paying more on deposits, even with higher interest rates. 39:40 Reclaim your lost escrow dollars by using these websites. Resources Mentioned: MoneyAnswers.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com CommercialRealEstateIncomeFunds.com VerifyMyMortgage.com VerifyMyEscrow.com Article: 10 U.S. Cities With Biggest Housing Shortages

#129: Dallas, TX could be the strongest real estate market in the entire U.S. as it keeps experiencing staggering business, job, and population growth. In fact, Forbes has named Dallas, TX as the #1 place to invest in 2017. But if you live outside Dallas-Fort Worth, how do you capture the upside yourself? With turnkey single-family income property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 02:50 Texas has had great economic fortune for decades. Geopolitical Strategist Peter Zeihan tells us that this will continue. 04:18 Dallas-Fort Worth's astounding population growth. 05:16 Why to invest in single-family homes rather than apartment buildings. 09:55 In a hot market, have a relationship with a team that can get housing inventory. 12:03 Competing for housing inventory. Targeting 7%+ cash-on-cash return. 15:31 Product type: SFHs with minimum of 3 BR, 2 BA, 2-car garage. 17:14 Don't "over-improve." Examples. 20:30 What type of person invests in turnkey real estate? Busy people. 22:38 In-house property management. 25:58 The economies of scale advantage with contractors. 28:30 Averages: rent income $1,600 and sale price $170,000. 29:51 Investors have one point of contact. 31:18 Management companies propose solutions, not just pose problems. 32:30 April 21-23: Attend the upcoming Dallas Income Property Tour & Workshop. 34:45 High tenant quality. 36:05 Positive cash flow. Resources Mentioned: GetRichEducation.com/Texas Blog Article: Triple Your Equity In Five Years TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com

#128: These five money myths are killing your wealth potential. Don't believe: 1) Get your money to work for you. 2) Compound interest creates wealth. 3) Be debt-free. 4) Home equity has a rate of return. 5) Live below your means. All five of the above are money mindset myths. If you believe them, you won't create wealth. Real estate investing cures all five money mindset myths. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 02:07 Your brain is programmed to survive rather than thrive. 06:10 Why dispelling mindset myths is important. 10:46 Other people's money. 16:23 Example of financial leverage. 17:39 Don't be debt-free; be financially-free. Examples. 24:45 Inflation-hedging. 26:15 Compound Interest vs. Leverage. 28:41 "Millionaire." Who cares? 31:12 Equity has zero rate of return. It's unsafe and illiquid. Examples. 35:25 Equity transfers. 37:29 Should you pay off your primary residence? 39:26 Lawsuits. 40:28 Myth: "Live below your means." 43:10 Don't budget. 44:32 Question your answers. 45:49 The power of being bold. Resources Mentioned: PassiveRealEstateInvesting.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com

#127: You are invested in a zero-return investment. Home Equity is unsafe, illiquid, and its rate of return will always be zero. Then why are you so heavily invested in home equity? We discuss strategies to turn this around, and use home equity as a wealth-builder for you. Making extra mortgage principal payments on one's home is usually a terrible idea. Striving to be debt-free often prevents one from becoming financially-free. You'll see why. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 03:57 ROI. 04:28 Turnkey income property inventory keeps tightening. 06:33 You have money that you didn't know you have. 07:35 Your value as a listener. 12:04 How much of a zero-return investment would you want? 13:44 Debt-Free vs. Financially-Free. 17:01 Property equity is unsafe, illiquid, and has zero rate of return. 20:18 Equity transfers. 24:46 Making extra principal payments on one's home. 26:55 "Feelings." 27:32 30-year fixed vs. 15-year fixed amortizing mortgage loans. 34:56 Control. 41:51 HELOCs. Resources Mentioned: NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com