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Get Rich Education - Creating Wealth and Real Estate Investing

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Creating Wealth and Real Estate Investing

Creating Wealth and Real Estate Investing
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Creating Wealth and Real Estate Investing






214: Cash Flow & Appreciation In One Market

One U.S. real estate market is experiencing 6-9% appreciation, cash flow, rapid population growth, low housing prices, low property taxes, and zero state income tax. I visited the market earlier this year. In fact, I just bought two properties from them myself here. This area also has a low unemployment rate, proximity to great beaches, and pro-landlord law. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: 2) Actionable turnkey...


213: Residential vs. Commercial Real Estate

Your tenants are businesses, not families, in commercial RE. Tenant screening is different than residential. You must vet your applicant’s industry viability and corporate finances. Leases often last 3 - 15 years in industrial, retail, office, and warehousing RE. Single-Tenant vs. Multi-Tenant Commercial differs in risk, lease duration, more. A “big name” tenant means you must accept a lower investor return. Find the sweet spot. Tom Wilson, Principal of Wilson Investment Properties and...


212: Savers Are Losers. Debtors Are Winners.

Really? Yes. I unpackage it all. In fact, these are the words of the Top-Selling Personal Finance Author Of All-Time, Robert Kiyosaki. *[Complete transcript far below - you can follow along]* Look, I have no savings account. I own no stocks, bonds, mutual funds, nor ETFs. I have no plans to pay off my home, though I could. Instead, it’s about durable passive cash flow. Either you can be conventional, or you can be wealthy. Pick one. I tell you how savers can be losers and debtors can...


211: Ken McElroy | Debt Mindset

Learn from Rich Dad Real Estate Advisor Ken McElroy. We discuss debt mindset, cash flow, how to manage your team, how to vet property managers and contractors, screen tenants, how to avoid bad partnerships. Ken owns $1 Billion worth of apartments. He needs to place $70M-$80M worth of cash soon, and trade $300M of real estate the next three months. Don’t say: “I can’t afford it.” Ask: “How can I afford it?” Your financial income will never exceed your self-concept. Overcoming your...


210: You Become Your Expectations

What you expect of yourself is exactly what you’ll end up getting. Learn how to set up a life full of options, not obligations. If you have an undesirable job and think you can’t switch to a happier, lower-paying job, I tell you how to. How can you justify living a life where you celebrate when every week is over? I update you with an asset class price whiparound: real estate, stocks, oil, gold, interest rates, wages and unemployment. Next, I answer four of your listener...


209: You’re Being Taxed To Death with Kristin Tate

You’re getting taxed in sneaky ways - both everywhere you look, and also where you DON’T look. Americans spend more on taxes than housing, food and clothing costs combined. Real estate has the best tax shelters - tax-deferred exchanges, rent income exempt from Social Security and Medicare tax, and tax depreciation sheltering more of your rent income. Today’s guest, FOX News and CNN TV Contributor Kristin Tate, uncovers hidden taxes that you don’t even know that you’re paying. Stealthy...


208: Invest Your Retirement Funds Anywhere with the QRP featuring Damion Lupo

With a $55,000 annual contribution limit, the QRP gives you checkbook control of your IRA. You can invest your retirement money in nearly anything. Retirees are suffering with 401(k)s and IRAs. QRPs provide a better way. Damion Lupo tells us how. QRPs avoid the UBIT tax. Self-directed IRAs do not. Learn more from Total Control Financial by texting “QRP” (ALL CAPS) to 72000. QRP stands for Qualified Retirement Plan. You can invest in nearly anything with your retirement funds, get a...


207: The Spender vs. The Saver | DealCheck app

I am a spender. Our guest is a saver. Spenders defer financial wealth. Savers defer quality of life. This interview takes a sweeping turn when our guest tells us he’s “very frugal”, because I’m not. Hear my “The Spender vs. The Saver” commentary in the last ten minutes of the show. The creator of one of the world’s most successful real estate investing apps, Anton Ivanov and the DealCheck app, joins us today. I’ve used myself. It’s great, and free. For 25% off the optional premium...


206: Your Questions: Debt, BRRRR, Mortgage History Since 1935

Student loan debt vs. real estate investing. Where should you devote your dollars? You get answers. I tell you how to eliminate investing “uncertainty”. The “BRRRR” real estate investing strategy is discussed - pros and cons. It’s a hybrid between flipping and buy-and-hold. Turnkey vs. BRRRR real estate investing. I cover the history of mortgages from the 1930s to today. FDR and World War II had substantial impact. Fannie Mae was born in 1938. Freddie Mac didn’t begin tracking mortgage...


205: A Diamond In The Rust Belt

A dollar is not money. Money serves three purposes. It is a: #1: Medium Of Exchange #2: Unit Of Account #3: Store Of Value There is an opportunity for you to invest in cash-flowing real estate in Cleveland (link). After discussing the roles of money, currency, and real assets, we discuss the Cleveland, Ohio real estate investing market. Generally, if a place is too desirable to live in, it is a bad place to invest in long-term rental real estate for cash flow. But it must be attractive...


204: Why Your Property Could Never Appreciate | Guest Matt Theriault of Epic Real Estate Investing

Your real estate ROI could be a billion dollars. Even if your property never appreciates nor pays you the other four ways, I discuss a little-considered way where you’re STILL profiting. Real estate price and value are different. “Return ON Equity” vs. “Return FROM Equity” discussed. Are you leveraging appreciation or leveraging inflation? Inflation assists leveraged real estate investors 3 ways: asset inflation, debt debasement, and higher cash flows. Real estate flipping vs....


203: Wealth Without Debt Is Impossible, Doctors & Investing - with Dr. Buck Joffrey

Doctors’ debt is $200K-$600K+ after medical school. Should they pay it off or invest in real estate instead? Most view doctors as “successful” - they help people and earn more than most. Dr. Buck Joffrey joins us. Are doctors “too academic” to be concerned with investing? They miss out. Get his great Wealth Formula Roadmap Course. Young doctors often ask veteran doctors what to do with their money. They get referred to a typical financial advisor. “The Rule Of 72” is misleading. Mutual...


202: Rise Of Single-Family Rentals, Buckets vs. Sprinklers

$108,000 was my highest salary from my day job. I discuss. There’s high housing demand and low supply. Then why are homebuilders slowing down? You get answers. SFHs comprise 30-35% of all U.S. rentals. 90% of rental SFHs are owned by “mom & pops”. Learn how to exploit real estate’s geographic arbitrage. How are you living? Metaphorically, are you using water buckets or a sprinkler system? Meet me in-person at the New Orleans Investment Conference, Nov. 1st to 4th. I made an infographic...


201: How To Qualify For Income Property Loans with Caeli Ridge

Your down payment, credit score, reserves, debt-to-income ratio necessary for an income property loan are discussed. Ridge Lending Group President and CEO, Caeli Ridge, also tells you 15% of appraisals come in low, 80% right on, and 5% above the contract sale price. Can a bank call your mortgage loan payment due-in-full anytime? Short answer is “no”. We discuss. Learn some good options after your first 10 loans (single) or 20 (married) are exhausted. We discuss the effect of higher...


200: Die With Memories, Not Dreams

Discover your “why” in life and real estate. You should have a selfish why and an altruistic why in real estate investing. I summarize today’s economy and asset values: GDP growth, real estate, stocks, interest rates, cryptocurrency, oil, dollar, precious metals, The Fed. As a Forbes writer, I’m going on offense, not defense. You hear the audio clip: “7 Minutes To A Wealthy Mindset”. Enjoy this milestone 200th Episode - the Bicentennial Installment of GRE! _______________ Want more...


199: GRE Skeptic-Turned-Listener Dustin Jones

He thought this show was dumb, debt was bad. He originally listened to laugh rather than for financial education. In 2009, Get Rich Education (GRE) listener Dustin Jones suffered a personal bankruptcy as a result of high real estate commercial debt tied to properties with declining value. His goal was to be debt-free by age 40. In 2015, that all changed when he began listening to Get Rich Education. He learned that financially-free beats debt-free. Now Dustin embraces debt again by...


198: Your Cash Flow, HELOCs | Real Estate Technology with Daren Blomquist

The five ways real estate pays you, your monthly cash flow and using HELOCs are three listener questions that I answer today. Home inventory is so low that machine learning and artificial intelligence are being used to predict when someone is likely to sell. ATTOM Data’s Daren Blomquist tells us where today’s housing values are compared to pre-recession peaks. Want more wealth? 1) Grab my free E-book and Newsletter at: 2) Actionable turnkey real estate...


197: Inventor Of 401(k), Ted Benna Joins Us

I dislike 401(k)s. They REDUCE your income. Sound investments INCREASE your income. Most people simply do not realize that there are alternatives to “defined contribution” retirement plans like 401(k)s, 403(b)s, 457s, IRAs, and Canadian RRSPs. Societal belief systems condition you into “Salary Reduction Plans” - which is, in fact, an early name of the 401(k)! The man credited as the “Father” and “Inventor” of the 401(k), Ted Benna, joins us today. He created and gained IRS approval of...


196: The Most Important Issue Of Our Time?

For under $20,000, you can own deeded agricultural property. It produces cash flow from the crop harvest. Food is an innate human need. Earth’s population grows by 200,000 people daily. But arable land has decreased by 1/3rd in just the last forty years! You can invest in half-acre parcels of coffee and cacao for appreciation and cash flow. They’re deeded to you. The parcels are turnkey-managed by an expert team including agronomists, soil scientists, biologists, a value chain...


195: Quit Working For Money and Be Yourself | Prosperity Economics with Kim Butler

If I had maxed out a loser 401(k) when I worked a “day job”, you never would have heard my name. I'd still be working. Learn how to build multiple income streams. The average millionaire has 7 income streams. Be frugal with your time, not your money. I discuss the mindset around building passive income to have time freedom in your life. If you don’t invest in real estate, then how else will you acquire wealth? Options explored. Be yourself. When you strictly trade your time for dollars,...