Get Rich Education

#96: Keith's story about starting in real estate, how to think abundantly, and leveraging the efforts of others to create wealth for yourself. Keith is interviewed by Kathy Fettke. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 03:20 Before you expand, appreciate what you already have. 05:44 Avoid the crowd constantly focused on "spending less." They live half-dead. 08:41 An inspirational Dale Partridge quote to live by. 12:19 Starting big. Most people move & follow the money. Instead, make money follow you this way. 14:03 Buying a four-plex: 3.5% down, 12 months owner-occupy, minimum 580 FICO score. 15:51 Utilizing other people's money. 18:26 Compound interest is lame and slow. Here's why. 22:28 Don't be debt free. Be financially free. 23:56 In RE investing, the property is only the fourth most important thing. 24:50 Here's how Keith expanded his real estate portfolio with other people's money. 27:30 Investment RE markets in Dallas-Fort Worth, and Anchorage, AK. 29:43 Value your time. 33:57 A bar of iron costs $5. What will you turn it into? Resources Mentioned: GetRichEducation.com CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com

#95: The United States real estate market is compared with those in Australia and Japan. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 02:18 Poor stands for Passing Over Opportunity Repeatedly - P.O.O.R. 04:00 A re-cap of Keith's story. 07:10 Reasons why the U.S. real estate market is special. 09:14 Largest economies by GDP. 13:57 Australian real estate market overview with Marcus Whelan. 21:18 Japanese real estate market overview with Marcus Whelan. 27:14 Why the U.S. is special for income property, and business opportunity. 30:46 English-speaking is a major advantage that's taken for granted. 32:45 Time vs. Money. Resources Mentioned: GetRichEducation.com World's largest economies by GDP CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com

#94: Self-Directed IRAs and Checkbook IRAs potentially enable you to invest your IRA funds into income real estate, coffee farms, a vacation home, gold, a business, and more. But there are rules to follow. Today's guest made an educational video to help you learn about this: www.premierlawgroup.net/gre Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 01:52 Your Individual Retirement Account (IRA) doesn't have to be invested in mutual funds. 03:47 Even if you don't own an IRA, you want to know this in case you aggregate other investors' money. 05:20 Right after college, Keith admits he actually used to think it was smart to invest in 401(k)s and IRAs. Once enlightened, he tore it down. 07:23 Keith tells you who his Self-Directed IRA custodian is. 12:52 Mauricio Rauld Interview. 14:27 What is a Self-Directed IRA (SDIRA)? 16:17 With a SDIRA, what can you invest in? What's prohibited? 20:08 Checkbook IRAs. 21:40 What a custodian does. What your limitations are. 24:28 Liquidity - how fast can you use your IRA funds? 25:42 Planning. It's often best to fund your SDIRA with one larger lump sum. 27:11 Real estate leverage and a SDIRA. 29:53 LLC protection with Checkbook IRAs. 31:05 One option is to just dismantle your IRA. 32:40 Traditional vs. Roth IRAs. 35:00 How you actually set up a SDIRA / Checkbook IRA. Resources Mentioned: www.premierlawgroup.net/gre CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com

#93: U.S. Single-Family Homes rented as income property could be the best investment class on earth today. Here's why, and here's how to be strategic about it. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 02:15 Most people mistakenly think "real estate investing" means "house flipping." 04:06 Keith is now a Contributing Author at Kiyosaki's Rich Dad Advisors blog. 06:35 The S&P 500 Index recently closed at an all-time high. Who cares? 08:50 Size of the U.S. single-family rental market. 10:15 Demographic demand for SFHs. 12:35 SFHs: low cost, time value of money, liquidity, divisibility, school district. 16:00 Buy in 3-5 geographic markets. 18:42 Good turnkey providers avoid property in "war zones." 23:04 Recession resistance. 23:42 Condominiums. 24:53 No common walls mean problems are confined. 25:57 Utilities, tenant quality, tenant psychology. 27:46 Autonomous cars and technology. 31:20 Rent-To-Value (RV) Ratios. 32:01 Single-Family Income Property "poetry." Resources Mentioned: Keith's first Rich Dad Advisors blog article CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com LittleRockTurnkey.com GetRichEducation.com Want a free GRE logo decal? Just write a podcast review. Here's how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

#92: Garrett Gunderson is our guest today. A polished and articulate speaker, he leads Wealth Factory to help you build wealth with limited risk. He helps you find spendable cash that you didn't even know you had. He tells you why 401(k) plans are awful. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 02:33 Garrett was kicked off CNBC for telling the truth about stocks and diversification. 05:12 Where Garrett's "abundance mindset" began. His upbringing in coal-mining Price, Utah. 08:30 A millionaire is not financially wealthy. Think bigger. 11:04 "Financial planners" and "advisors" are just commission-based salespeople. 12:45 Myths to avoid. 15:15 Long-term, stocks return zero or post negative returns. 19:42 Cash flow matters more than net worth. 21:02 Your four types of expenses. 27:03 Discover your "Investor DNA." 30:33 "Budget" should be a swear word. 33:00 How Get Rich Education differs from Dave Ramsey. 34:59 401(k) plans are terrible. 46:10 Find Garrett at WealthFactory.com. Resources Mentioned: WealthFactory.com CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com Want a free GRE logo decal? Just write a podcast review. Here's how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

#91: While a rich man digs for gold, a poor man is concerned with the cost of a shovel. Learn how to think like a wealthy person, and make it actionable. Learn what Keith did during his typical week. Doing this yourself will build your wealth. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 02:50 Most financial advice is flawed and limiting. 04:14 Are you living your dreams or living your fears? 06:50 Delayed gratification. 09:00 401(k)-type contributions crush your current lifestyle. So what's the answer? 12:38 Why would anyone contribute to a 401(k)? 15:13 Here's exactly what Keith did this week himself that can build your wealth. 18:17 Actionable step on how to increase your property's cash flow. (Loss runs.) 24:54 Keith applied for a 100% loan-to-value HELOC on his own home. He wants every last penny of equity pulled out of his home. Here's why. 30:42 Refusing a REIT advertisement. 31:57 A smart GRE listener has these two great questions for Keith: reserves, cutting expenses, living below your means. 38:35 A new way to think about real estate problems. 40:04 Looking for turnkey income property? Do this. Resources Mentioned: CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com Want a free GRE logo decal? Just write a podcast review. Here's how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

#90: Harry Dent is our guest today. His fantastic predictions - like the Dow Jones cratering to 6,000 by early next year - get noticed because the depth of his research is so extensive. Harry authored the popular book "The Demographic Cliff." Learn what Harry thinks about demographics, markets, and cash-flowing real estate in the turmoil ahead. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 04:11 Why it is more difficult than ever to make economic predictions today. 06:06 Stock markets are overvalued and due for a fall. 07:40 Demographics are powerful in making predictions. 08:03 Money printing. 09:50 Dow Jones Industrial Average to 6,000 by early next year? 11:45 Renting property for positive cash flow. 13:27 Vacancy rates - U.S., China. 14:33 Real estate bubble? What do you do? 16:08 Predictions: Real Estate vs. Stocks. 17:30 Demographics' historic influence on real estate. 20:58 The two reasons for buying real estate today. 24:00 More people are renting homes rather than buying homes. 29:34 How bad will the economic crash get? 33:25 Don't keep money in the bank or gold, but in this surprising place! 37:43 Gold to $700 an ounce in the next few years? $400? 39:28 The Demographic Cliff. 42:30 Can technology save us from an economic crash? Resources Mentioned: HarryDent.com CorporateDirect.com NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com Want a free GRE logo decal? Just write a podcast review. Here's how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

#89: Little Rock, Arkansas is the capital of what some have called "The Most Landlord-Friendly State in the U.S." Brian Teeter and Jeremy Veldman from LittleRockTurnkey.com tell us about the market drivers, management, and properties. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 03:48 Keith made a field trip to investigate the Little Rock, AR income property market. 09:14 Market drivers - medical, finance, capital city, population growth, low cost of living, short commutes. High economic diversity. 13:47 Kiplinger's recently rated Little Rock as the #1 Place To Live. 15:05 Employment, job growth, population growth. 16:32 Is Arkansas the most landlord-friendly state in the U.S.? 21-day eviction. 17:53 Provider's buying criteria: neighborhood, desirable amenities, safety, property age. 21:04 Better areas, better finishes, better tenants = better investments. 21:52 Price point often $85K - $100K. Rent-to-value ratio. 23:33 Appreciation rate. 26:18 Character of renters. 30:16 Management structure. 31:45 Tenant qualification. 34:12 Extent of turnkey renovations: often new roof, HVAC and water heater. HW floor, LVP, vanities, bathrooms, etc. 40:03 Warranties. Not many Section 8 tenants in their portfolio. 43:52 Little Rock Turnkey offers tours. 44:33 LittleRockTurnkey.com | (501) 951-7100 | brian@littlerockturnkey.com Resources Mentioned: Little Rock Turnkey Corporate Direct Norada Real Estate Mid South Home Buyers Get Rich Education Website Want a free GRE logo decal? Just write a podcast review. Here's how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

#88: Learn how to predict real estate prices by looking at the direction of supply & demand, available land, migration patterns, financing and more. Fascinating! Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 02:26 Why Keith is happy that he sold all his stocks two years ago - even though they're 8% higher now. 05:47 The FIVE ways that real estate pays you simultaneously. 10:06 Most RE investors "get rich in a niche." David is a generalist. 11:48 Many cash flow RE investors actually get more profit from appreciation. 14:40 Price vs. Value. 16:43 Land. 20:35 Supply, Demand, and Capacity To Pay. 27:15 Market cycles. 35:15 The "U-Haul Factor." 36:35 Financing's role in predicting RE prices. 45:02 Inflation vs. Deflation. Resources Mentioned: Hassle-Free Cashflow Investing Corporate Direct Norada Real Estate Mid South Home Buyers Get Rich Education Website Want a free GRE logo decal? Just write a podcast review. Here's how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

#87: This clever technique can significantly boost your cash flow in your existing buy-and-hold real estate portfolio. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 02:48 To become wealthy with real estate, you don't need any formal education or family connections. 05:09 With turnkey real estate investing over the long-term, you get: good returns, more control, less hassle. 07:18 A question about the 1% rent-to-value ratio from a Chicago listener. 12:31 How to use "lifestyle" real estate to help your "long-term buy-and-hold" real estate. 14:00 How to market this clever technique. 16:09 Benefits: better tenants, better occupancy, timely rent payments. 18:36 Vacation rentals in the U.S. vs. outside the U.S. 22:00 Management and maintenance structure of vacation rentals. 26:28 This technique can make your vacation rentals more successful too. 30:55 Foreign property ownership structure. 33:10 Interpreting foreign property contracts. 34:35 Governments cracking down on weekly rentals. 35:43 Your vacation rentals should be bought so that they would cash-flow as long-term buy-and-holds. 36:33 Diversification. 38:47 Do this yourself, or Kira Golden can help you get started: DirectSourceWealth.com/Portfolio Resources Mentioned: Direct Source Wealth Corporate Direct Norada Real Estate Mid South Home Buyers Coffee@GetRichEducation.com Get Rich Education Website Want a free GRE logo decal? Just write a podcast review; here's how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.