Get Rich Education

#70: Our guest teaches real estate investment analysis to graduate students at Columbia University. He wrote the popular book “What Every Real Estate Investor Needs To Know About Cash Flow.” His new video-based course is found at: learn.realdata.com. 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: 01:46  Novice investors have awful reasons for why they own rental property. 03:48  Assume that a seller pro forma is a lie. 04:17  Frank Gallinelli interview. 05:28  In RE investing, pretty buildings hardly matter. 10:52  How you evaluate a RE investment’s worthiness. 13:20  Your property is only fourth in importance to you. 14:12  Your income stream. 17:20  Emotions have no place in income property investing. 18:09  Lease structures influence on property values. 20:18  Common mistakes made by novice investors. 24:22  Snow removal, bookkeeping, HVAC maintenance. 28:28  Time value of money. 30:52  How much to offer for an income property. 33:25  Due diligence outside the raw numbers. 36:05  Projecting future property value. 39:45  Why are cap rates different across the U.S.? 43:05  Software to help investors make projections. Resources: RealData.com - Real Estate Investment Software by Frank Gallinelli Learn.RealData.com - Video-based course by Frank Gallinelli What Every RE Investor Needs To Know About Cash Flow - Frank’s popular book InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#69: Kathy Fettke chats with Keith about what’s happening to real estate and investing in today’s economy. 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: 01:14  Keith’s properties were shaken by a magnitude 7.1 earthquake. 05:18  Kathy Fettke relates the 2008 recession to what’s happening today. 11:58  Tame inflation today. 14:01  Is a U.S. recession coming? 15:55  Demographic shifts. 20:25  Rental boom, followed by a housing boom. 24:10  Stock market crash prediction. 26:06  Farcical job growth. 27:56  Fed Rate hikes are nonsense in this economy. 29:54  Where’s the best place to park your money? 34:23  Best geographic areas for RE investing. 37:48  “San Francisco is going to get hammered.” 38:23  Single family home investing. 42:20  International Coffee Farms - A cash-flowing, hard asset uncorrelated with U.S. markets. Resources: RealWealthNetwork.com - Kathy Fettke’s website. InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#68: Seth Williams of The Lighter Side Of Real Estate and Bigger Pockets joins Keith to tell you about the best websites & apps for real estate investing, wealth building, and productivity. Seth's website is REtipster.com 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: 01:10  You’ll experience bumps on the path toward where you want to be. 04:00  Seth Williams joins Keith. 08:05  Some investor thoughts on the Grand Rapids, Michigan real estate market. 12:27  Some of Seth’s favorite investor resources.     28:55  Some of Keith’s favorite investor resources. 35:38  Real estate intersects with so many other disciples, that there’s no single “go to” resource. Resources: REtipster.com - Seth Williams’ investor resources. EyeJot.com - Send video messages. AgentPro247.com - Generate lists of motivated sellers. Google Earth - Global maps & aerial photos. Zillow - Residential property info. and pricing. WeGoLook.com - Hire people to look at your more distant properties. SquareSpace.com/Logo - Generate a quality Logo quickly & inexpensively, USLegal.com - Legal forms and property rental forms. State-specific. RingCentral app - Dedicated phone number for your business - calls, texts, faxes. Free. Pro HDR app  - App for beautiful photography. Costs $1.99. HomeClick - Property improvement hardware. Landlordology - Rental advice, tips, resources. Lighter Side of Real Estate - Laugh a little! Bls.gov and City-Data.com - Economic and real estate market research. NeighborhoodScout.com - Market research specifically geared to RE investors. Monthly fee. HomeSnap app - Take a photo of the outside of a home, see photos of the inside of a home! Property Tracker app - Real estate market and demographic detail. Property Evaluator app - Do a quick APOD or P&L in under five minutes. See how the property cash flow. Landlord app - Property management on-the-go. DocuSign - Send & sign documents remotely. Loopnet.com - Commercial real estate searches, includes some residential. Dropbox - Slick, easy file-sharing app. Mortgage Calculator app - Estimate monthly mortgage payments. OpenFolio.com - Share & compare yours’ and others’ portfolios. Kitco app - Slick app for up-to-the minute precious metals price charts. BullionDesk.com - Another minute-by-minute precious metals pricing source. InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#67: Ken Corsini of Georgia Residential Partners profiles Atlanta, Georgia - a large, investor-advantaged cash flowing real estate market. 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: 01:21  A sharp stock market fall in the first month of this year has investors shaken up. 02:50  Some of Keith’s favorite investing books. 03:17  Rich Dad Advisors. 05:00  Atlanta geography and history. 05:56  Ken Corsini interview begins. 07:00  Atlanta population and economy. 08:44  The location of Atlanta’s investor-advantaged counties and neighborhoods. 15:26  Recent appreciation rate in the Atlanta metro. 17:27  Available inventory of turnkey property. 18:51  Rent-to-value (RV) ratio, property taxes in Atlanta. 21:42  Vacancy rate, duration of tenancy, Landlord-Tenant Law. 25:02  Tenant screening. 25:57  Government-subsidized housing (Section 8). 30:48  Cash flow vs. equity growth. 33:04  Georgia Residential Partners - level of rehabilitation, guarantees, investor relations. 38:10  Where is your money? The world already has it. Resources: GaInvesting.com or call (770) 924-5250 for Georgia Residential Partners. Book - What Every Real Estate Investor Needs To Know About Cash Flow by Frank Gallinelli InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#66: Learn some broad approaches to getting more money for a down payment so that you can buy income property sooner. Keith also looks at methods of acquiring passive income other than real estate investing. 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: 02:14  Real estate can build massive passive income - this is buy-and-hold real estate, not flipping or wholesaling. 03:36  Why you need to buy time, not sell time. 07:34  Focus on increasing income, not cutting expenses. 10:00  How to approach the classic “time vs. money” conundrum. 12:04  Here’s how much the average American investor lost last year. 15:28  Keith is adamant that we still have inflation today. 16:28  Here’s how wealthy people choose their friends. 24:51  The next episode features an Atlanta Market Profile. 26:28  “How To Win Friends and Influence People” 32:12  Your network determines your net worth. Mastermind groups. 33:09  This is what broke people (broke mindsets) say. 34:03  Want to accumulate liquidity faster? Don’t get a part-time job. Do this instead. 35:58  Passive income from real estate versus: patent royalties, trademarks, original works of art, stock dividends, etc. 37:40  When you were a kid, your parents never told you, “Don’t be broke.” Resources: “How To Win Friends and Influence People” - The classic Dale Carnegie self-help book Business Insider article quoted: BusinessInsider.com/rich-people-choose-friends-2014-12 VisualCapitalist.com MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#65: There are numerous pros and cons of both Single Family Home Investing vs. Multifamily Apartment Investing. What’s better for you? At the end of the show Keith selects which one he believes is better for 2016 and 2017. 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: 01:18  Single family homes attract better tenants than apartments. Here’s a new way to think about this. 04:16  The best investment that Keith plans to make in 2016 is next month’s Investor Summit At Sea. 09:56  Property cost. 10:19  School district. 10:53  Interest rates. 11:15  Here in 2016, it's now easier to get loans for more than 10 single family homes. 11:55  Property Maintenance, Utilities, Property Management. 14:22  Cash Flow, Location. 18:33  Tenant quality, tenant psychology, tenant turnover. 22:02  Appreciation rates in both property types. 23:00  Management fees, asset liquidity, your level of control. 26:56  Exit Strategy - your options for selling both property types. 30:09  Keith selects which property type he thinks is better in 2016 and 2017. Resources: GetRichEducation.com/Events - Learn about The Real Estate Guys Investor Summit At Sea. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#64: How do you build and maintain your reputation? How do you get your great reputation to advance your career? How do you repair a damaged reputation? Both in-person and online, your personal brand is more important than ever. 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: 02:45  Why you NEED a personal brand. It’s the same as your reputation. 04:30  How you develop your brand and reputation. 06:08  What do others think about you now? How would they describe you? 09:40  Can you really change “who you are” or who you were “born to be?” 11:32  How to stand out in a meeting - before you even walk in the door! 15:21  The Wingman Strategy will make you look like a star. 19;53  Your personal brand works for you like passive income. 21:25  Your virtual reputation - Google, LinkedIn, Twitter, Facebook, Instagram. 22:55  Improve your brand by creating content. 25:22  Your brand is more important today because you no longer work for the same company for 30 years. 27:28  Having zero online profile can be nearly as problematic for you as having a negative profile. 29:52  Trusted advisors help build your brand. Resources: DorieClark.com and DorieClark.com/Join MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#63: Hear Keith’s latest media appearance. He is interviewed about how he got started in real estate, his investing strategy, and where Keith invests geographically. 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: 01:46  Keith brings you the show from near Philadelphia, PA today. 02:04  Be grateful this holiday season. 07:03  Keith Weinhold Interview begins. 08:22  Keith’s first-ever real estate purchase was an Anchorage, Alaska four-plex building. 09:57  To change yourself, change who you spend time with. 11:28  Don’t follow money. Make money follow you and live where you want. 12:37  How to begin exactly how Keith did. 19:40  Using equity from one four-plex to buy a second four-plex. 22:13  Real estate markets dependent upon oil. 24:00  Foreign turnkey real estate with cash flow. 33:28  Open up your time so that you can be a great investor. 36:42  Opportunity cost. 37:25  The real tragedy of self-management is that you’ve lost your time. 38:48  Be financially free, not debt free. Resources: MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#62: Rich Dad Advisor and Provision Wealth Founder Tom Wheelwright updates you about recent tax changes; provides tips for avoiding and dealing with an audit; and how to make your travel, meals and entertainment tax-deductible. Keith brings you the show from Juneau, Alaska today. 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: 02:35  Actually, the U.S. has the best tax compliance record in the world. 06:02  Now you can lose your passport for tax non-compliance! 09:25  During audits, the IRS is becoming more difficult & invasive. 14:00  Tips to help avoid an audit. It includes: call the deduction “continuing education” rather than a “seminar.” 17:37  Why you should never talk to the IRS. 20:45  Tax actions you can take now: 1) Pay your children, 2) Home office, 3) Automobile use. 4) Accelerate income. 27:30  Making your travel, meal, and entertainment expenses tax-deductible. 34:18  “Low-hanging fruit” ways to save on your taxes. 35:32  Tom believes in focusing on an investment niche. “A niche makes you rich.” Resources: ProvisionWealth.com - Tom Wheelwright’s Tax and Wealth Strategy firm. TaxFreeWealthBook.com - Tom Wheelwright’s popular book, Tax-Free Wealth. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

#61: Learn why your long-term rate of return from stocks, as measured by the S&P 500 Index, is 0%. Learn how to act to overcome this “zero-return investing.” 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: 01:10  Keith is back in the United States for today’s show. 02:04  The S&P 500 historically returns 10% per year. Your return is 0%. 02:51  When the Federal Reserve raises interest rates, how that impacts you and your tenants. 04:50  How inflation, emotion, and fees make your stock market return 0%. 11:25  This regards the very long-term. If you plan to live for the very long-term, then this approach makes sense. 13:24  Knowledge and rationale in stock investing vs. real estate investing. 19:27  Real estate still hasn’t returned to its 2006 national price peak. 20:30  Powerful education: how 25%+ returns are common with leveraged, cash-flowing income real estate in investor-advantaged geographic markets. 25:19  Harvesting & re-deploying accumulated equity results in better RE returns in an appreciating environment. 25:56  Keith’s take: Return ON Equity (ROE) vs. Return FROM Equity (RFE). 28:02  “Market Agnostic.” You’ll often want to invest in RE outside your home market. 30:15  People invest in “out of market” stocks, but curiously they doubt investing in “out of market” real estate. That’s nonsense. Resources: How human emotion makes you lag the stock market: Longer article from Wall Street Journal. Shorter article from BP Wealth Advisors. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com