Get Rich Education

#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

#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

#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.   Reso

#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 whi

#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.  

#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  P

#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.

#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 Gro

#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

#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

#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,

#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

#37: International Real Estate Developer Beth Clifford describes the dynamics of new U.S. real estate development. She also touches on the opportunity in the Central American nation of Belize.   Listen to this week’s show and learn:   01:29  The U.S. population increases by 2+ million annually, and they all need a place to live. This naturally increases demand for real estate.   08:44  Thinking and acting big.   11:33  Why develop a new piece of land rather than just buy an existing building?   13:40  New development = better returns, higher risk.   18:00  Successful developers use design that fits the latest lifestyle trends.   22:40  How to forge relationships so that local government officials will support your new development.   26:27  The financing and funding climate for real estate development today.   33:24  Strong development sectors for investors include residential, medical-office, and travel & leisure.   36:04  New industries like AirBnB, Uber, and autonomous ca

#36: Keith’s 8-plex has had its share of problems and opportunities since he bought it two years ago. See how he views a property with an “investor’s eyes.” Learn to avoid problems.   Listen to this week’s show and learn:   01:27  A blogger calls Keith the “anti-Dave Ramsey.”   04:44  The only “problem” with having millions of dollars in debt? It's wanting more.   06:48  Problems and operations at Keith’s 8-plex building.   13:20  The trade-offs of owning a large lot along with an apartment building.   17:38  Adding income to your property by leasing space to a cell phone tower provider.   20:57  Big problems with the building’s water well.   31:44  A major maintenance item needed repair. Not all building repairs provide the same returns.   34:45  The 8-plex’s appreciation over two years is a 43% gain on the down payment, amplified with leverage.   Resources mentioned:   www.InternationalCoffeeFarms.com (ICFC)   One qualifies for the ICFC $1,000 discount per coffee parce

#35: Ray Dalio, Founder and CEO of the Bridgewater Associates investment firm with his brilliant work, “How The Economic Machine Works”. Listen to this week’s show and learn 1:47  Definition of “economy.” 2:00  Produce more than you consume. 5:59  “How The Economic Machine Works”   Resources mentioned: You Tube video “How The Economic Machine Works”: here. Written .pdf document “How The Economic Machine Works”: here. Ray Dalio Wikipedia Page: here. TheLandGeek.com/GRE MidSouthHomeBuyers.com New! Check out the beta version site 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.  

#34: Author, Investor, and Entrepreneur Gena Lofton transformed her life from homeless in southcentral Los Angeles to owning 2,000 rental units today. Listen to this week’s show and learn: 02:12  What the concept of “Sending the elevator back down” means. 10:55  One wealth-building element is being a contrarian. 13:34  Gena didn’t have a “Rich Dad” or a “Poor Dad.” 15:45  The value in Gena’s book is its beautiful simplicity. 16:41  How to know when your “why” is strong enough. 20:24  The “genie” inside of us. 21:14  How Gena gets rich with debt.   Resources mentioned: Book - Escape The Madness: 10 Steps To Get Out Of The Rat Race PassiveIncomeAdvisors.com – Gena’s website TheLandGeek.com/GRE MidSouthHomeBuyers.com New! Check out the beta version site 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 to you for writing a review. Here's how to write one on: iTunes, Stitcher, or Android!

#33: Millionaires are not wealthy. In the end, you ultimately don’t seek financial wealth anyway. Listen to this week’s show and learn: 01:31  GRE is perhaps the only show that regularly delivers all three: education, actionable content, and motivation. 02:35  Listeners are taking action toward a GRE mantra of “Don’t follow money. Make money follow you.” 04:38  If you aspire to be a U.S. dollar millionaire, you’re losing. 08:24  Inflation debases a dollar’s value and the worth of a millionaire. 09:54  Why America continues to have an inflationary mandate. 11:58  Wealthy people buy time. Middle class and poor people sell time. 14:44  Living well and giving well trumps the financial wealth created through real estate investing. Most forget this. 16:58  How wealthy people buy fun toys that enhance their lifestyle. 18:40  Keith’s “hero”. 20:22  At the end of your life, how will your autobiography or obituary read if it tells the truth? 23:12  Mark Podolsky, aka “The Land Geek”, has a compelling, profitable busine

#32: Future technologies like 3-D Printing, Drones, Robotics, Bionics, and Asteroid Mining promise to change your real estate and other investing. Listen to this week’s show and learn: 02:38  Technological change over the last 10 years. 05:32  Learning about the future does not dispense fear; it dispels fear. 08:03  How 3-D Printing will change real estate investing. 12:56  Asteroid mining could change earth’s resource extraction industry. 18:58  3-D Printing of consumer products, medical devices, food, and even cars. 22:30  A user-friendly interface is what turns an emerging technology into mainstream adoption. 24:30  Robotics can change the geographic distribution of jobs. 26:31  Technology often doesn’t eliminate employment. Rather, it shifts. 29:04  The future’s influence on residential real estate versus other real estate types. 30:30  Does technological gain correlate with urbanization or de-urbanization? 32:33  Bionics. When will technology disrupt culture such that it changes what “being human” means?

#31: Mortgage interest rates are just one of many influences on real estate values and rent income. Listen to this week’s show and learn: 01:28  Get Rich Education vs. College Education. 03:58  The rate of home ownership has declined over the last decade. This is good for income property investors. 06:03  The irony that the greatest investment asset – real estate - is ubiquitous. 08:55  Other people’s money. 11:30  How are 25% to 30%+ annual rates of return with investment real estate considered common? 16:28  Some U.S. real estate advantages compared with Canada. 18:42  What will higher mortgage rates do to housing prices? 21:24  Housing price-to-income ratios in the U.S., Canada, Europe, South Africa, Australia. 23:11  What makes renters keep renting rather than be homeowners. 29:43  Why it’s better to invest in residential - rather than retail, office, industrial, and other types of real estate.   Resources mentioned: Mortgage News Daily – Keith’s favorite mortgage resource Numbeo.com – A great housing pri

#30: What do common investor vocabulary terms mean and why do they matter to you? Listen to this week’s show and learn: 01:19  Get Rich Education has a new Android App at Google Play. 01:36  Why Keith sold stock when the S&P 500 Index was at 1,960 points. 03:05  S&P 500 Index and Dow Jones Industrial Average. 05:29  Why your local real estate team is often biased and cannot impartially serve you. 08:42  Why you want to build streams of income, not pools of cash. 10:32  Why real estate is not an “alternative” investment. Stocks are. 12:05  A damaging hail storm occurred in Dallas - a popular RE investor market. 14:57  International Coffee Farms and the benefits of diversifying in real assets internationally. 21:05  Hyperinflation. 22:50  Leverage, Leverage Ratio. 25:10  Title Insurance. What is it? 26:40  Value. The acronym D-U-S-T: Demand, Utility, Scarcity, Transferability. 30:32  How sharing Get Rich Education with others ultimately helps you.   Resources mentioned: International Coffee Farms websit