Get Rich Education

#50: If you don’t have a concrete day dream, then how will you know what success is? How do you reach your day dream? What must you avoid to reach it? Want more wealth? Visit GetRichEducation.com and Subscribe to: 1) Our free newsletter, and 2) Maverick turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:02  When you own enough cash flowing rental units, you are financially free. What’s your number? 03:18  Goals vs. Dreams. 10:04  One big key to reaching your day dream and what you must avoid. 14:24  Leverage, abundant thought. 17:30  The #1 question that you need to ask about an investment. 19:44  Employer-sponsored retirement plans like 401(k)s are costly. You’re committing Life Deferral just to get Tax Deferral. Stop. 25:55  The exotic Panama Coffee Farm Tour is November 13 - 15th, and you’re invited! And it’s free. Come meet Keith. Send an e-mail to Coffee@GetRichEducation.com 34:20  Quit committing Life Deferral. 35:18  Dan Sullivan and the four Cs: Commitment, Courage, Capability, then finally,  Confidence. 37:52  Why be a millionaire? You already own a multi-billion dollar asset. 38:48  Dr. Martin Luther King, Jr. and Margaret Thatcher were day dreamers. Don't quit your day dream. Live it. Resources: E-mail Coffee@GetRichEducation.com to buy your cash-flowing Panama coffee farm parcels. 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

#49: Your ramifications from U.S. home ownership plummeting to Its lowest rate in 48 years.   Current trends: latest home price appreciation rate, rental vacancy rate, and how you can profit.   Want more wealth? Go to MaverickInvestorGroup.com/GRE to download our most-recommended report for free.   Listen to this week’s show and learn:   02:50  Upcoming Memphis real estate market visit.   04:57  The U.S. home ownership rate has plummeted to a 48-year-low of 63.4%.   06:25  Four reasons that economic forces will drive the home ownership rate even lower in the future.   09:48  U.S. median home price is now $229,400. That’s up 8% year-over-year.   11:42  Why renters stay renters, not buyers.   13:12  San Francisco.   19:58  If real estate values go down, do rents go down?   23:19  Transcending the investor psychology of markets and crowds.   25:21  Stringent lending standards means your renter can’t get a loan.   27:30  Matt Bowles appearance on the Kansas City market.   Resources:   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

#48: Our guest is Maverick Investor Group’s Matt Bowles, a nationally-recognized investment property specialist.   Offering turnkey properties in 7 of the best U.S. geographic markets, the Maverick model offers you professionally renovated property, with a rent-paying tenant and management already in place.    Get Maverick’s free 36-page report at: MaverickInvestorGroup.com/GRE   Want an invitation to Maverick’s next free webinar to buy turnkey property not available to the general public? Then sign up for the Get Rich Education newsletter at GetRichEducation.com   Subscribe on iTunes so you never miss an episode.   Listen to this week’s show and learn:   02:25  Matt was named one of the “Top 50 RE Investment Opinion Makers and Market Leaders” by Personal Real Estate Investor magazine.   09:30  How Matt began in real estate investing with buying a $325,000 4BR single-family home in Washington, D.C.   12:40  Matt begins buying investment homes in Las Vegas and Phoenix.   15:33  Some companies misuse the term “turnkey” real estate investing.   23:23  Sadly, local providers are always trying to convince you to buy in their market.   25:10  Why the best RE markets change over time.   32:12  The myth that people pay more for turnkey property than other property. They don’t.   38:38  How do you know that you’re paired with the right provider within a good market?   43:39  Keith’s due diligence with Maverick.   Resources mentioned:   MaverickInvestorGroup.com/GRE   Book: What Every Real Estate Investor Needs To Know About Cash Flow   MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.   Visit GetRichEducation.com to subscribe to our free newsletter, receive Maverick 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

#47: Inflation is your "friend" when you’re a real estate investor with a financed property.   Inflation is expected long-term. In the short-term, low oil prices are slowing inflation. This affects you.   Subscribe on iTunes so you never miss an episode.   Listen to this week’s show and learn:   01:11  Income property pays you five ways at the same time.   03:33  Why RE investors with loans want inflation. Examples given.   07:42  Two big reasons why the U.S. government wants to ensure that inflation continues.   12:52  Why Keith is an inflation “cheerleader”.   15:14  How low oil prices are slowing inflation. Why oil is a “leading indicator” of inflation.   17:28  Regional influences from low oil prices - Texas, Oklahoma, upper Midwest, more.   20:24  $15 minimum wage and real estate investors.   22:17  Why every human being pays a different rate of inflation.   23:20  Savers are losers. Debtors are winners. How?   23:55  The action you can take to benefit from inflation.   Resources mentioned:   http://www.innovativewealth.com/alternative-investment/inflation-the-secret-to-building-wealth-in-real-estate/   MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.   Visit GetRichEducation.com to subscribe to our free newsletter or 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

#46: You’re likely putting a lot of your money at risk right now, and that same money is achieving zero rate of return.   Subscribe on Apple Podcasts so you never miss an episode.   Listen to this week’s show and learn:   01:01  How Keith got the financial ability to get into so many investments at a young age.   03:07  Risk-free return vs. return-free risk.   05:41  Today, what you thought was “right-side up” in the world, could turn “upside-down.”   08:08  Why are you investing in a vehicle that could never go up in value, but could only go down?   09:45  Would you rather be debt-free or financially free?   12:48  Home equity is: 1) Unsafe, 2) Illiquid, and 3) has zero rate of return. Home equity is one of the worst “investments” you can make.   17:01  “Equity transfers” can enhance your rate of return.   21:14  It’s sad that some borrowers make extra mortgage principal payments without understanding what they’re doing.   23:38  30-year vs. 15-year mortgage loans. Keith tells you which one he likes more - by far.   25:28  Banks are more likely to foreclose on your property if you’re financially uneducated.   27:32  A catastrophic loss is another reason that home equity is an awful investment.   31:01  Your equity position does not change your control of your property.   32:32  Homes are meant to house people, not store cash.   35:12  How “paying off” Keith’s home would be a reckless decision.   36:11  When you pay off your home, you just sent your money away to “retire.” That’s the reason that you cannot retire.   Resources mentioned:   MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.   Visit GetRichEducation.com to subscribe to our free newsletter or 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.

#45: Your tenant secures your investment property’s income stream. It is crucial that either you or your manager screens and manages tenants appropriately.   Subscribe on Apple Podcasts so you never miss an episode.   Listen to this week’s show and learn:   01:18  Whether you desire turnkey rental properties or self-managed property, you’ll learn today.   03:59  How to buy your income property while keeping maximum cash in your pocket.   06:48  With your tenants, why you should: “Be friendly. Not friends.” Tenant psychology.   08:05  A smart way to increase the chance that the tenant pays you rent on time.   12:20  The exact 7-word sentence that you tell late-paying tenants when they’ve violated law. This saves you money and grief.   15:57  A landlording technique to help separate your emotions from business.   19:09  An example of how giving to tenants can promote good will in your entire building.   21:18  Screening prospective new tenants.   35:20  Maintaining your rental units.   36:42  Over the longer-term, be a Real Estate Investor rather than a Property Manager.   38:35  More comments on an owner-occupied four-plex.   39:54  Symbolism in the “GRE money tree” logo.   41:05  As a housing provider, you have a responsibility.   Resources mentioned:   MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.   Visit GetRichEducation.com to subscribe to our free newsletter or 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, andAndroid.

#44: A four-plex apartment building can be your major wealth catalyst with an FHA loan and your small 3.5% down payment.   Live in one of the four units and rent out the other three. It’s exactly how Keith began investing in real estate.   Subscribe on iTunes so you never miss an episode.   Listen to this week's show and learn:   03:05  Why a four-plex rather than another property type?   04:35  How to put as little as a 3.5% down payment on a four-plex apartment building with an FHA loan.   06:19  Common objections to owning a four-plex this way.   09:28  Different four-plex layouts - townhouse style vs. apartment style.   12:32  Do you live in a geographic market favorable to “owner-occupying” a four-plex? Here are some indicators.   14:30  Running the numbers.   16:09  Leverage creates wealth for you in an appreciating environment. But if the market loses value, leverage can become difficult for you.   20:48  Preparation: how to position your affairs to buy a four-plex.   23:35  Property selection considerations.   26:46  How to structure your purchase offer with the seller to your advantage.   30:25  By buying a four-plex, you’re starting off bigger than most well-known real estate investors have. Most people simply don’t consider buying four-plexes with FHA loans.   Resources mentioned:   MyFico.com   TheLandGeek.com/GRE and MidSouthHomeBuyers.com   Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.   Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!   We would be grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.

#43: Turnkey real estate investing in 3-4 geographic markets can be a smart formula for potentially high rates of return and low volatility.   01:35  The U.S. stock market has not had a correction for four years. The S&P 500 Index is near an all-time high.   04:03  Nationally, real estate values are still not as high as their 2006 peak.   07:24  Why markets are more volatile with a 0% Federal Funds Rate.   10:32  Be invested in 3-4 geographic markets.   14:50  Typically, an income property’s cash flow rises faster than inflation.   24:16  The importance of giving.   28:20  Investments you can make with little of your own money, Panama coffee farm tour dates announced.   32:30  Announcement of a turnkey investment property network of seven investor-advantaged metro submarkets that you can participate in.   Resources mentioned:   TheLandGeek.com/GRE and MidSouthHomeBuyers.com   Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.   Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!   We would be grateful if you wrote a review! Here’s how to write one at:iTunes,Stitcher, andAndroid!  

#42: As a child, were you taught a scarcity mindset?   Steering public policy through the White House and Congress may help future generations of American children be better-educated on finance.   Listen to this week’s show and learn:   02:18  You’re working 8+ hours a day for a job you’re not passionate about. Why not at least plan an escape hatch?   06:17  Did your parents tell you “Money doesn’t grow on trees” and “Who do you think we are, the Rockefellers?” Instead, Sharon reveals more constructive phrases.   08:32  As a child, did you learn to “save money” or “invest money?”   11:05  “Live below your means” reinforces a scarce mindset.   16:00  How to teach children about businesses.   17:33  Sharon Lechter on the value of a college education today.   24:50  Which President - Obama or Bush - would be more likely to calculate an apartment building cap rate? Sharon picks one!   25:11  Sharon on the power of real estate investing.   28:09  Sharon’s work with “Think and Grow Rich.”   Resources mentioned:   TheLandGeek.com/GRE and MidSouthHomeBuyers.com   Sharon’s resources: SharonLechter.com | Think and Grow Rich for Women | Board game: Thrive Time For Teens | LinkedIn-Success.com | MyJobChart.com     Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.   Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!   We would be grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, andAndroid.  

#41: Have you run out of money to buy investment real estate?   Russell Gray describes how you can pool other people’s money for a down payment on investment property.   You profit when you provide value to your investors. It’s called real estate syndication.   Listen to this week’s show and learn:   05:12  Real Estate Syndication defined.   09:18  Why syndicate?   12:00  Do you need to be “qualified” to be a syndicator? No.   15:40  Low pressure tactics to attract investors to your deal.   18:32  Remarkably, you’ll often discover that it’s easier to find investors’ money for your deal than finding the real estate to match it.   25:03  How you make money as a real estate syndicator.   30:47  How syndicators spend their time, and pitfalls you must avoid.   37:47  Donald Trump’s story. How much money you can really make as a syndicator?   42:20  Next month’s powerful Secrets Of Successful Syndication Event, August 21-22 in Dallas, TX.   Resources mentioned:   Register for the Secrets Of Successful Syndication Event by July 31st at an early-bird discount either:   Through our Events Page Or send an e-mail to Syndication@GetRichEducation.com Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events.   www.TheLandGeek.com   Download the GRE Android App at Google Play and keep the GRE icon right on your phone’s home screen!   We would be grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.