Get Rich Education

#60: Learn how to invest in cash-flowing Panama coffee farm parcels and diversify in an asset outside the US. It’s completely uncorrelated with residential real estate. Learn more at GetRichEducation.com/Coffee 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: 01:00  Keith comes to you from Boquete, Panama today, where he completed a 3-day group tour for coffee farm investors. 02:00  Why coffee? 03:54  Why Panama? 04:55  The business model - it's like “turnkey” coffee farm investing. 07:11  What it’s like to walk the coffee farm plantations. 09:22  The investor crop harvest is developing ahead of schedule. 10:12  David Sewell interview begins. 14:14  Three pillars of sustainability: 1) Economic. 2) Environmental. 3) Social. 17:16  Four complete farms have now been sold out to dozens of investors. 17:34  The professionally-trained team includes a General Manager whom is an Engineer and Farm Foreman whom is an Agronomist. This team understands management of people and soil. 18:22  An on-site coffee processing mill is being added. This provides coffee traceability. 20:28  A coffee laboratory exists nearby for coffee grading and scoring. 22:12  Coffee is scored on attributes like: taste, aroma, acidity, and body. 27:44  International Coffee Farms’ longer-term goals and future. 29:28  How this investment protects you from creditors and predators. 30:58  Deeded parcel ownership for investors. 33:40  Your price per parcel and your projected ROI. 35:08  The next investor group tour. 36:16  You can invest with either cash or IRA funds. 39:09  The $500 IRA setup fee is waived for GRE listeners that register their interest (no obligation to act) at GetRichEducation.com/Coffee by Feb. 29, 2016. 40:18  This is a long-term investment. Your first investor cash flow check is typically received 12-15 months after your parcel purchase. 42:36  As an investor, ask “How am I doing good in the world?” 43:15  After the coffee tour, Keith & a GRE listener climbed Panama’s highest mountain together. Resources: GetRichEducation.com/Coffee - Register here to receive your free investor report, and for a $500 discount on IRA setup through Feb. 29, 2016. (No obligation to act). scaa.org - Specialty Coffee Association of America. This is coffee’s international quality scoring system. 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

#59: Learn why buying fully renovated, already rehabbed, already tenanted, cash-flowing property in Memphis, Tennessee can put you on the path to financial freedom with Terry Kerr of MidSouthHomeBuyers.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: 02:18  You want more money with less of your time invested. Today’s episode makes this actionable. 03:58  “Instead of wondering when your next vacation is, maybe you should set up a life you don’t need to escape from.” 04:22  The element of altruism in turnkey real estate investing. 06:10  An advantage of single-family home investing that you’ve likely never thought of. 07:50  Keith joins you from Managua, Nicaragua today. 11:24  Terry Kerr interview begins. He answers “Why Memphis?” 14:34  These $60K-$70K cash-flowing homes are in decent Memphis neighborhoods. 16:07  Advantages of MidSouth having both their renovation and management company under one roof. 18:04  MidSouth now has their own warehouse. This reduces maintenance costs. 21:00  Renovating to “retail standards” vs. “rental standards.” 24:06  Memphis submarkets and neighborhoods. 28:12  Single family homes often work best for Memphis cash flow. 29:17  In Memphis, tenants supply their own appliances! 31:01  In Memphis, one utility company supplies: water, wastewater, gas, and electricity. 32:30  Tenant qualification. 34:08  Occupancy is currently 98%+ in an 1,155-unit management portfolio. 35:35  Warranties and guarantees to investors. 36:30  The vital importance of property management. 38:52  Why the distribution business sector is more durable in supporting cash-flowing real estate income streams. 40:02  You’ll spend about $15K-$19K as a down payment & closing costs to invest in these cash-flowing homes. 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

#58: What is “seller financing” of real estate? Why might you want to use it? David Campbell of Hassle-Free Cash Flow Investing is our guest 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: 01:14  Keith is in coastal San Juan Del Sur, Nicaragua today. 05:18  What is seller financing? 08:06  Why use seller financing? 10:08  Examples of creatively structuring a purchase offer with seller financing. 13:42  When a buyer needs to educate a seller. Hint: talk about the “benefits” to motivate the seller. 21:07  Other names for seller financing are: seller carry, carry-back financing, “subject to,” “carrying paper.” 21:58  The Due-On-Sale Clause. 23:53  What part of the market cycle does seller-financing work best in? 27:58  How do you FIND a seller-financed deal 28:49  Drawing up documents for a seller-financed contract. Use a Letter Of Intent. 30:46  Risks with this technique. 31:58  When you sell your own property, why you should offer seller financing. Resources: HassleFreeCashFlowInvesting.com - David Campbell’s website, full of investor educational 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

#57: Keith comes to you from Little Rock, Arkansas today. Our guest is Old Capital Lending’s Michael Becker of Dallas, TX, to tell us about originating Multifamily Apartment Building loans. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter. 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:05  Keith is in Little Rock, Arkansas this week for an investment real estate tour. 04:53  Michael Becker of Old Capital Lending appears. 06:50  Single Family Homes vs. Multifamily Apartment advantages / disadvantages. 08:57  Recent happenings in this lending space. 10:20  Loans for 5+ unit residential property are called commercial loans. 11:55  Multifamily commercial loans are primarily qualified by the asset, not the borrower. 15:48  Residential 1-4 lending is like a formulaic science; multifamily commercial 5+ is closer to an art. 17:48  Debt Service Coverage Ratio (DSC or DCR). 1.25 minimum is typical. 19:00  How much liquidity do you need for a multifamily loan? 21:12  Borrower credit scores. 24:10  Loan duration. 26:08  Balloon payments, Pre-payment Penalties, Assumable Loans. 29:26  Recourse vs. Non-Recourse Loans. “Bad Boy Carve Outs.” 31:26  Can you buddy up with friends to buy a big apartment building together? 34:38  Qualifying for multifamily property loans out-of-state. 35:49  Higher closing costs for apartment building loans 39:32  How many states does Old Capital lend in? Resources: OldCapitalLending.com - Multifamily / commercial lending. SPIAdvisory.com - Michael Becker’s syndicating company. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for 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

#56: Learn today’s financing qualification requirements for investment property with Caeli Ridge, Owner and CEO of Ridge Lending Group. This pertains to conventional financing of: single family homes, duplexes, triplexes and four-plexes that you do not intend to occupy. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, 2) Receive turnkey RE webinar opportunities. Listen to this week’s show and learn: 00:52  If you want to control more property, you need good loans. 04:50  Compared to last year, are borrower requirements more rigid or more lax? 07:39  Your credit score, debt-to-income ratio, percent down payment, reserve requirement. 12:46  Qualifying for your first 4 properties is different from your 5th through 10th financed properties. 15:47  Qualifying for your 11th through 35th financed properties. 17:13  Can foreign buyers qualify? Also, LIBOR comments. 19:28  Maximizing your cash-on-cash return when structuring a financed offer. 21:21  Buying income property outside the state where you reside. 22:44  Minimum loan amount is $50,000 to $60,000. 26:10  What is a Good Faith Estimate? 27:58  Closing costs - what are they and where do they all come from? 30:58  Why you would want to pay a 2% Origination Fee rather than 1%. It’s by paying 1 Discount Point to “buy down” your interest rate. 32:55  Recording costs, transfer taxes, escrow charges, appraisal fees, processing fees. 36:02  Title Insurance Resources: RidgeLendingGroup.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 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

#55: Gary Carmell, author of “The Philosophical Investor: Transforming Wisdom Into Wealth”, is our guest today. Gary discusses how you think about investing, interest rates, and monetary policy. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:32  A frustrated GRE listener in the Netherlands gives programming feedback. 08:11  Most real estate is a bad investment. Maverick Investor Group’s 2015 report excerpts. 13:16  Interview: Gary Carmell, author of The Philosophical Investor: Transforming Wisdom Into Wealth. 16:21  An example of transforming wisdom into wealth. 17:43  Investors get discouraged at exactly the time they should be buying. 19:56  In investing, discipline and courage often trump hard work and intelligence. 21:53  “The Munger Moment.” 24:00  You never know when a market is at the high or the low. 24:59  Real estate investing is a game of attrition. 27:18  Does Gary see a better investment class than Keith’s preferred investment? 30:14  Why institutional RE investor groups buy low yield, Class A properties. 32:46  Cap rates. Recency bias. Interest rates. 34:48  Inflation vs. Deflation. 37:08  Demographics. An aging population’s effect on world economies. 39:14  QE vs. interest rate hikes. 40:19  LIBOR and variable interest rate loans for real estate. 44:24  Arbitrage creation. Resources: Book: The Philosophical Investor: Transforming Wisdom into Wealth by Gary Carmell. Gary’s website: GaryCarmell.com    Company website: www.cwscapital.com Maverick Investor Group’s report, “How To Avoid The 7 Biggest Mistakes Investors Make In The 2015 Boom Cycle” authored by Matthew Bowles. MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for 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

#54: Today you are going to learn more about credit scores than you ever have. We’re joined by 720 Credit Score’s Philip Tirone. 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: 01:33  A high credit score reduces your cost of capital, and maximizes your ROI. 08:28  You can have bad credit even if you pay your bills on time. 09:04  Credit scores matter for: property loans, car loans, insurance, employment, credit cards, more. 61% of employers run your credit report before hiring you. 10:21  Why credit scoring is a monumental scam. Yes, a scam. 11:45  You can have a clean credit report, yet poor credit score. 13:45  Many credit repair companies use illegal tactics. 15:03  46% of credit cards in your wallet do not report proper information to the credit bureaus. 18:28  You need 3 to 5 credit cards. 20:20  Get credit cards that: 1) Report to all three bureaus. 2) Report the proper credit limit. 21:03  Credit card utilization ratios. American Express often behaves differently. 23:30  FICO credit scores are the ones that matter. 26:07  U.S. vs. Canadian credit scoring Other developed western countries like Great Britain and Australia are similar. 27:10  The well-known pie chart at www.MyFico.com. 28:10  Installment loans’ importance. 29:02  Credit utilization ratio “breaks” at 100%, 90%, 70%, 50%, 30%, 10%, and 0%. 31:57  Credit inquiries and how much they matter; controlling credit report errors. 33:50  If your credit score is already above 720, you could still be brought down by one error. 34:55  Collections. 36:42  Get free credit reports (not scores) annually here: AnnualCreditReport.com 40:00  Why banks lack motivation to help you improve your credit score. Resources: 720CreditScore.com - Philip Tirone’s company that helps clients rebuild their credit. MyFico.com AnnualCreditReport.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 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

#53: Your income and cash flow tell you about yourself and your allocation. What proportions are active, earned, and passive income? Where are you vulnerable? Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:45  Most people’s #1 cash flow source is their work-a-day job. But they’re trading their time for dollars. 04:02  Here’s how to best determine your cash flow. Cash flow is simply income minus expenses. 05:54  Current U.S. median household income, Top 10%, and Top 1%. 10:02  You need cash to function in an economy, not equity. 11:32  How you can have a negative net worth, yet be financially free. 15:25  Trace your personal cash flow to different industry sectors. 22:04  “Budget” is almost a swear word. 25:07  Turning equity into cash flow. 28:14  “Retirement calculators” don’t work for real estate investors. 32:12  The Outsourcing Myth. 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 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

#52: Financially, how much are you worth? Here’s how to determine your net worth and what it means to you. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:43  Here on GRE’s 1 Year Anniversary show, what’s in the name, “Get Rich Education?” 05:30  Your Financial Net Worth is what you own minus what you owe.  11:32  Your Net Worth compared to other Americans. 17:00  GRE’s John Collins appearance. 20:55  Your liquidity. 23:06  The interest rate you’re paying on your debt. Credit card arbitrage. 25:56  Your Net Worth worksheet helps make leverage’s power transparent. 28:15  Real estate investing is a game of attrition. 30:56  Generations ago, there was a wealth gap between families. Today, it’s within families. Resources: Mint.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 Turnkey Cash-Flow Investment Property. Visit GetRichEducation.com 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

#51: What if the real estate market crashes? Our guest, Hassle Free Cashflow Investing’s David Campbell, tells us how to hedge yourself against this with Mortgage Note Investing. Learn why this could be the ideal time in the real estate market cycle for Mortgage Note Investing. This can provide stable returns to you, yet more liquidity than owning real estate. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 02:36  You can be the bank. Rather than be the real estate investor, you can be the real estate lender. 05:08  Our guest, HassleFreeCashflowInvesting.com‘s David Campbell invests based on the real estate market cycle. 08:58  Terms similar to Mortgage Note Investing are: Hard Money Lending, Private Lending, Deed Of Trust Investing, Seller Financing. 12:36  What’s the minimum amount of money you need for Mortgage Note Investing? 13:20  How you get money for this investment. Arbitrage. 17:10  How Mortgage Note Investing’s advantage over Peer-To-Peer Lending instruments like Lending Tree and Prosper. In a word, the answer is “collateral.”  19:25  Why this is a good time in the market cycle to be a Mortgage Note Investor. 24:35  Many people are equity rich and cash poor. 27:48  Mortgage Note Investing with IRA funds and how this is tax-savvy. 30:00  How to buy a good Mortgage Note and what to avoid. 31:26  How David’s company, Hassle-Free Cashflow Investing, makes Note investing easy for you. 32:30  Mortgage Notes are more liquid than real estate. 36:05  When David began investing, it included tons of hassle. He changed course. Resources: Visit HassleFreeCashflowInvesting.com for a free report and videos on Mortgage Note Investing and more. MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties. Visit GetRichEducation.com 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