Get Rich Education

#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.

#40: Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in Dallas, TX, tells you how to best obtain mortgage loans for investment real estate in today's lending environment. Listen to this week's show and learn: 03:02 Why you often want a mortgage loan, even if you can pay cash for a property. 04:35 Your downside risk of high leverage. 05:50 Loan-To-Value ratio (LTV) explanation and significance. 08:08 Last chance to invest in your own Panama coffee farm parcels at a discount. 12:38 Mortgage Banker and Mortgage Broker - what's the difference? 14:00 Why it's more difficult to qualify for a loan today. 18:01 The three "C"s: Credit, Capacity, Collateral. Your requirements for credit score, reserves, and down payment. 23:44 Interest rates for an investment property are higher than for a primary residence. 24:39 How long will interest rates stay low? 26:08 Are 40-year mortgages coming? 28:50 Your debt-to-income ratio (DTI). 31:26 Can foreign buyers obtain loans for U.S. property? 32:55 LLC formation for income property. 36:38 Seeking more than 10 financed properties? 37:36 How RE investors from one state can buy in a different state. 39:37 Keith's strategies on reducing your DTI so that you can qualify for income property. 42:23 Use AirBnB income to qualify for rental property? 42:43 Home Equity Lines Of Credit (HELOCs) can help you tremendously. 44:27 Self-employment income and your loan qualification. Resources mentioned: GrahamParham.com | (855) 326-6802 | gparham@highlandsmortgage.com MyFico.com Dodd-Frank Act InternationalCoffeeFarms.com (ICFC). One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com and submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. Visit our website at GetRichEducation.com to subscribe to our free newsletter. 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!

#39: Josh & Lisa Lannon weathered adversity and came out the other side to serve more people by doing the right thing. Listen to this weeks show and learn: 01:02 What's your inner investor purpose? 06:40 Grow up, get good grades, go to college & get a job that you don't like so you can pay your debts. Is that all? 07:43 The Lannons met at a Las Vegas nightclub. 09:54 Lisa issued Josh an ultimatum. Josh had to stay sober to keep their marriage, sending Josh into the unknown. 14:33 After healing themselves and reading Robert Kiyosaki's "Choose To Be Rich", the Lannons opened rehab centers to help others. 17:35 When it comes to finding your business teammates, you will attract what you are. 19:27 The Lannons' real estate business. 22:42 The B-I Triangle symbolizes the 8 integrities of business. It also guides mission, vision, and values. 23:00 If you're inside the triangle, you're working "in" your business. If you're outside the triangle, you're working "on" your business. 27:14 Values vs. Competency. 29:49 Though every Rich Dad Advisor book is terrific, why Keith recommends reading The Social Capitalist first. 31:28 A Social Capitalist does good in the world AND profits. Resources mentioned: TheSocialCapitalistBook.com - See the "Creating A Rich Life" program. Amazon: The Social Capitalist by Josh & Lisa Lannon RichDadAdvisors.com InternationalCoffeeFarms.com (ICFC). One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com and submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. Visit our website at GetRichEducation.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!

#38: After running out of his own money for cash flowing single family homes, Joe Fairless turned to real estate syndication. Listen to this week's show and learn: 03:24 What to do when you've run out of money to buy property for yourself. 06:42 Joe worked a full-time job for less than minimum wage. Later, he invested $1,000 in a bank CD. 09:20 Starting out buying rental homes in Dallas-Fort Worth. 15:10 How to help ensure that a property manager treats you well. 17:47 A good explanation of a real estate syndication. 20:05 How Joe raised money for a 168-unit apartment building when he's never owned any multifamily property before. 25:25 The kind of investor returns that are typical in a syndication. 32:03 100% LTV HELOCs on your primary residence are available at a major national bank. 32:55 Impactful message from a GRE listener. 36:28 Rich Dad Advisors appear on GRE next week. Resources mentioned: Equity Happens book Quotiful app The Social Capitalist book JoeFairless.com and the Best Real Estate Investing Advice Ever podcast InternationalCoffeeFarms.com (ICFC) One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. See the new website at GetRichEducation.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!