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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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United States

Description:

Creating Wealth and Real Estate Investing

Twitter:

@GetRichEd

Language:

English


Episodes

250: How To Raise Rents And Retain Your Tenants, Dayton

7/22/2019
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Tenant retention begins before move-in: Use a move-in checklist with the tenant.Move-in gift and packet.Communication. Ongoing tenant retention during occupancy: Inspections every six months.Be attentive with service calls. How to achieve a rent increase: 45 days’ notice.Use phone.Substantive reason: increase in property tax or maintenance costs. Remind tenant of moving costs.Offer an upgrade - carpet cleaning, ceiling fan, etc.2 - 5% annual increase typical. We discuss why not every...

Duration:00:45:32

249: Beginner's Real Estate Investing Guide

7/15/2019
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Two big mistakes are: 1) Renting out your former primary residence. 2) Only being invested in one market. This Beginner’s Real Estate Investing Audio Guide also helps you step-by-step with buying an income property: Credit ScoringMortgage Pre-ApprovalWriting An OfferInspectionVetting A Property ManagerAppraisalInsuranceClosingLLCs **The entire audio from this episode is transcribed into words and can be found at the end.** People set up LLCs for asset protection, anonymity, or tax...

Duration:00:54:51

248: Why Property Managers Are Heroes with GRE's John Collins

7/8/2019
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Property management is the glue that makes your investment stick together. But it’s a tough job. GRE’s own John Collins has done management consulting on a project of 159 single-family rental homes. Problems he encountered: 30% pay rent late or not at allArsonUnassigned parking spacesDomestic violence Abandoned carCondensationPets and pests“Jerry Springer Show” in leasing officeUnwanted boyfriend that wouldn’t leaveSyringes found in homeDaylight coming in through baseboard Upgrading...

Duration:00:41:46

247: Cash Flow vs. Appreciation and Measuring Your Risk

7/1/2019
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Long-term rentals beat AirBnb and other short-term rentals (STRs) in a recession. STRs depend on vacationers. Stocks typically have a Cash-On-Cash Return of zero. Investor-advantaged property typically sells for $70 to $150 per square foot. Gregg Cohen joins me to discuss the importance of market appreciation for cash flow investors. Get started with new construction investment property at: GetRichEducation.com/Jax. __________________ Want more wealth? 1) Grab my FREE E-book and...

Duration:00:44:02

246: When Real Estate Crashes, College, Join Me For Our Tampa Field Trip

6/24/2019
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If a Depression occurs, you’ll feel pain as a real estate investor. RE values and rents will both decrease. Awful. But stock and mutual fund investors will likely feel greater pain. Learn why today. Real estate investors maintain control. Interest rates would tend to go lower in a Depression. You could refinance. It’s also a better time to improve your property because people will be out of work. Join our Tampa Real Estate Field Trip October 10th to 12th, 2019 in St. Petersburg,...

Duration:00:33:35

245: Amazon Is Selling $20K Houses, ATM Investing For Strong Cash Flow

6/17/2019
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Will your property lose value now that Amazon is selling homes for under $20K? Pre-fabricated homes and 3-D printed homes often have major limitations and livability problems. All homes have materials cost, labor cost, and the cost of the underlying land. Mortgage interest rates just hit a 21-month low. Home prices are expected to rise 4% over the next year. ________________ Guest Dave Zook discusses the opportunity to invest in ATMs. U.S. cash use is increasing at 5% annually. Many...

Duration:00:44:39

244: Housing Trends For The Next Decade with Logan Mohtashami

6/10/2019
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You’ve never thought about this “new way” to beat inflation. Three ways to beat inflation: 1) Tie long-term fixed interest rate debt to a cash flowing property. 2) Own gold. 3) Spend your money. Yes, I advocate spending your money. Die with memories, not dreams. Housing Data Analyst Logan Mohtashami joins us. Logan provides mortgage interest rate predictions to BankRate.com. National Mortgage News calls him a “social media star.” He’s published in Business Insider, Bloomberg...

Duration:00:45:55

243: Today's Hottest Rental Type, Apps & Websites with Seth Williams

6/3/2019
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Single-family homes are today’s hottest rental type - both Realtor.com and John Burns RE Consulting agree. Boomers don’t want the responsibility of homeownership, and also don’t want to live in an apartment. This makes SFHs the hottest rental. Rental demand has shifted to basics: affordable, fewer amenities, better school districts. Suburban markets should see the concentration in future growth. Seth Williams of REtipster.com joins us to discuss the best real estate investing websites...

Duration:00:44:08

242: Investor Psychology with Garrett Gunderson

5/27/2019
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Compound interest doesn't work in real life. 5% is the average mutual fund investor return, though the S&P returned 10%. This is for the twenty years ending in 2015 (Source: Dalbar). This is even before taxes and inflation! Why are 401(k)s failing people? Inflation, emotion, taxes, fees, and volatility. Emotions make humans sell high and buy low - a recipe for disaster. I discuss how cash flow helps you remove emotion. Garrett Gunderson of Wealth Factory joins us. Financially-free...

Duration:00:43:56

241: Multiply Your Wealth With 1031 Exchanges and Columbus, OH Market

5/20/2019
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Your equity is re-positioned when you make a 1031 Tax-Deferred Exchange. All at once, you can: Increase your cash flowIncrease your leverage ratioCreate arbitrageIncrease your velocity of moneyExpand the value of your RE portfolioDo it all with zero tax on the gainsGain geographic diversity Real estate capital gains tax is higher than many think: 15% - 23.8% Federal, plus State of up to 13.3%, plus Depreciation Recapture. Californians could pay 37%+ in capital gains tax. Fortunately for...

Duration:00:45:21

240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge

5/13/2019
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More people are renting. The homeownership rate has declined to 64%, from 69% in 2005. Credit score “inflation” has occurred due scoring model changes and a strong economy. The average FICO score is now 704, a record high. GDP in Q1 grew 3.2% year-over-year, exceeding expectations. A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC. Ridge Lending Group President Caeli Ridge & I discuss the details: Line Of Credit for 30 years80% LTV on...

Duration:00:40:47

239: Quitting Your Job and GRE Listener Anna Ferntheil

5/6/2019
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If you make $110K per year unfulfilled, would you leave that job to make $78K fulfilled? Commentary. Learn how to put only a 5% down payment on your home, get a great interest rate with conventional financing and pay zero monthly Private Mortgage Insurance (PMI). GRE Listener Anna Ferntheil joins us. She is a former co-worker of mine at the State Department Of Transportation. Still at her day job, Ferntheil has bought her first two turnkey properties in Ohio at GREturnkey.com, totalling...

Duration:00:51:13

238: Why You’re Wealthier Than You Think

4/29/2019
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Keep your debt. Get financially-free instead. We’re talking about good debt. Retiring your debt often means you can’t retire yourself. Home equity is: Unsafe.Illiquid.Has zero rate of return. So then, why have so much equity in any one property? Back in The Great Depression Era, banks could call your loan due-in-full anytime. They can’t do that today. Don’t fear mortgages. Embrace them; even collect them! Every dollar that goes into mortgage principal paydown is a dollar that you...

Duration:00:53:06

237: How America Works with Peter Zeihan

4/22/2019
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Chicago and Philly are doomed. Today’s guest, Peter Zeihan of Zeihan.com, tells us why. U.S. housing will change with shifts in immigration. Future immigrants will have more skills than current immigrants. Peter & I discuss city-by-city economic fortunes: New York City - Top U.S. destination for capital. But capital is beginning to flow to secondary cities like Charleston, Dallas-Fort Worth, Denver. NYC is not business-friendly. Philadelphia - Should be an economic powerhouse, but make...

Duration:00:44:43

236: How The World Works with Peter Zeihan

4/15/2019
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Learn how the U.S. compares to the rest of the world today - economically, geopolitically, and demographically. The global order no longer serves American interests. It’s over. Today’s guest, Peter Zeihan of Zeihan.com, tells us why. Peter & I also compare strength among global currencies, and discuss inflation vs. deflation, and interest rates. The U.S. has 90-95% economic self-sufficiency. For comparison, Germany’s is 40%. Chinese global financial interaction is waning. Europe’s...

Duration:00:43:15

235: From Nothing To A $150M Portfolio with Tim Bratz

4/8/2019
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#235: Under age 30? Then you’ve never been smacked in the face with an economic recession. I discuss. At 33, Tim Bratz is an expert in apartment buildings, finding deals, raising money, coaching, personal development, and mindset. Tim’s real estate epiphany came when he saw a lucrative Manhattan real estate deal from the inside. He bought his first house in Charleston, SC in 2009 with a credit card for $14,000. Today, he has substantial equity in 2,000 doors and $150M+ in value. The...

Duration:00:41:30

234: How To Gain Financial Independence with Garrett Gunderson

4/1/2019
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#234: Learn why Millennials still cannot buy homes, and why real estate sales are down. Real estate cannot be flash-printed or mined. It has a finite supply. If you live in an investor-advantaged market in the Midwest or South, should you still buy out-of-market? Get mortgage pre-approval before you make offers on property at GREturnkey.com. Wealth Factory’s Garrett Gunderson & I discuss why net worth is not the top wealth measure. Learn the “one question” to define another’s scarcity...

Duration:00:41:15

233: Robert Kiyosaki | Own Real Assets

3/25/2019
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#233: It's Rich Dad Month, Week 4 of 4. Guest Robert Kiyosaki joins us. Robert authored the landmark book “Rich Dad, Poor Dad” and is the #1-Selling Personal Finance Author Of All-Time. He & I discuss the difference between real assets and fake assets. Real assets put money into your pocket every month; they feed you. Fake assets need you to feed them. Robert thinks all this is wrong: Go to school. Get a job. Work hard. Save money. Get out of debt. Invest in the stock market for the...

Duration:00:53:15

232: Tom Wheelwright | Pummel Your Tax Bill Into Dizzying Submission

3/18/2019
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#232: It’s Rich Dad Month, Week 3 of 4. Learn how to pummel your tax bill with Rich Dad Tax Advisor Tom Wheelwright. Retail store closures continue to change the complexion of American malls and retail. Hear a humorous comparison between spending your retirement at an Assisted Living Home vs. the Holiday Inn. Learn how to take the home office deduction, about real estate Opportunity Zones. Did you know that to take advantage of Opportunity Zones, you basically must be a developer? With...

Duration:00:34:38

231: Ken McElroy | How To Optimize Rent Income, Housing Price Indices

3/11/2019
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#231: It’s Rich Dad Month, Week 2 of 4. Learn how to optimize your rent income with Ken McElroy. Learn how to create a profit spread just like the banks. Case-Shiller vs. Freddie Mac - learn who has the best U.S. Housing Price Index. Freddie Mac tracks all 50 states; Case-Shiller only tracks 20 large cities. Freddie tracks sales from mortgages. Case-Shiller gets data from county assessor and recorder offices. Real estate prices have an inverse relationship with rent amount. If rent...

Duration:00:41:05