Get Rich Education

Latest Episodes:

427: Future of Real Estate, 2 of 2: The Metaverse Dec 12, 2022

Show notes

Metaverse real estate is virtual. Can you make money with it?

First, I discuss updates to 3-D printed homes and Boxabl homes.

Next, our guest, Steve Hoffman, describes that metaverse is a virtual space where you can interact with virtual objects.

There is no single metaverse. There are apps in the metaverse, like Second Life and Decentraland.

Learn what makes a piece of metaverse real estate valuable or worthless.

You often buy NFTs on the blockchain.

With Upland, you can buy NFTs of real properties, like the Statue Of Liberty or Dodger Stadium.

Our guest feels that metaverse real estate investing is highly speculative. It is risky and often akin to gambling.

Metaverse economies are subject to monetary inflation.

Does metaverse RE have any value?

Steve runs the global innovation hub, Founders Space.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/427

Learn more about Steve Hoffman:

FoundersSpace.com

A current popular metaverse app:

https://decentraland.org

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do this for the show.

Best Financial Education:

GetRichEducation.com

Get our wealth-building newsletter free—text 'GRE' to 66866

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

426: Future of Real Estate, 1 of 2: Homebuilding Technology Dec 05, 2022

Show notes

At times, 3-D printed homes, modular, and shipping container homes are not the answer for both single-family home and apartment construction.

The promise of new truss and framing technology can substantially speed up conventional construction.

This can solve many problems at once: housing shortage, labor shortage, and stubbornly persistent materials supply shortages.

FrameTec is a technology that builds the roof truss, floor truss, and walls all in a forthcoming Arizona factory.

Guests Damion Lupo and David Morris tell us about it today.

The FrameTec process uses solar technology and reduces material waste.

Learn more at FrameTec.com. It's possible that there is still room for accredited investors. This is Made In America technology.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/426

Learn more about FrameTec:

www.FrameTec.com

Join me live on Thursday's Florida properties webinar:

www.GREwebinars.com

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do this for the show.

Best Financial Education:

GetRichEducation.com

Get our wealth-building newsletter free—text 'GRE' to 66866

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

425: Short-Term Rental Tiny Homes Nov 28, 2022

Show notes

Get an update on how the work-from-home trend is good for residential RE and bad for office RE.

Office space values are down 17.5% from their recent peak.

Americans must now earn at least $107,281 to afford the monthly mortgage payment on a median-priced home.

The NAR expects 10% home price appreciation this year, 1% in 2023, and 5% in 2024.

The tiny home movement is both architectural and structural. It's defined as a home of 400 sf or less.

Tiny homes are hard to find. In the US today, just 0.3% of listed homes are tiny homes.

You can own a new-build tropical tiny home near the beach in Nicaragua for under $200K.

Our own COO, Aundrea, bought one. She tells us about it.

It's on Nicaragua's west coast. It's not just an isolated tiny home experience.

There's a community with a: restaurant, bar, bird watching area, butterfly garden, viewing tower, yoga area, and communal garden.

Often, loans aren't available for foreigners. Here, you can get 50% or 80% loans.

You can live in this tropical tiny home year-round, or keep it as a short-term rental. The provider can manage your rental.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/425

Get started with tropical tiny homes at:

GREmarketplace.com/tinyhomes

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do this for the show.

Best Financial Education:

GetRichEducation.com

Get our wealth-building newsletter free—text 'GRE' to 66866

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

424: Why Landlords Get Sued Today - Garrett Sutton & Ted Sutton's Father-Son Succession Plan Nov 21, 2022

Show notes

The ideal inflation rate is zero just like the ideal theft rate is zero.

When lower inflation (7.7%) was recently reported, mortgage rates experienced a record daily drop.

I detail the implosion of crypto exchange, FTX. It was a Ponzi scheme. 2022 is the 2008 of crypto.

Garrett Sutton and his son, Ted Sutton, announce the father-son succession plan. They are attorneys that help protect your real estate from lawsuits at Corporate Direct.

Ted's experience at a Chilean copper mine helped make him pivot from a mining engineering track and into law.

RE investors have three main lines of defense: 1) Ethical operations. 2) Insurance. 3) LLC.

Learn how to properly form and maintain an LLC.

Don't try to win a lawsuit. Avoid it in the first place.

Learn why landlords get sued today.

Corporate Direct provides free 15-minute consultations.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/424

Corporate Direct protects your biz & real estate from lawsuits:

Corporate Direct

Garrett Sutton's newest book:

Veil Not Fail

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do this for the show.

Best Financial Education:

GetRichEducation.com

Get our wealth-building newsletter free—text 'GRE' to 66866

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

423: Housing Sales Crash, Mortgage Rate Prediction with Caeli Ridge Nov 14, 2022

Show notes

A housing crash is upon us. But it may not be the kind of crash that you think. I explain what this sales crash means to the future of the housing market.

Caeli Ridge, President of Ridge Lending Group joins us. She gives an exact prediction about where and when mortgage interest rates will peak.

37% of homeowners have no mortgage at all. Among those with a mortgage, 85% have an interest rate under 5% per Redfin. They don't want to sell and give up their rate, constraining supply.

It's a nationwide lock-in effect.

A housing PRICE crash is not expected. Existing homeowners can afford their mortgages and have record equity. This is reflected in the low delinquency rate.

The average age of first-time home buyers hit a record 36.

Caeli Ridge tells you how to get a lower mortgage interest rate with different loan types.

Investors keep their loan an average of 5-6 years.

Ridge offers mortgage loans specifically for investors: plain fixed rates, non-recourse, DSCR, asset depletion, bridge loans, commercial loans, cross-collateralization of residential properties, and the All-In-One Loan which operates like a first lien HELOC.

See how much interest you save with the All-In-One Loan interactive simulator here: https://ridgelendinggroup.com/aio-loans/

Caeli sees lots of appraisals. They've all been coming in "on-value".

When it comes to higher mortgage rates, get used to it. The long-term average is 7.7%.

Ridge Lending is where I get loans for my own properties. You can use them too. Start at RidgeLendingGroup.com or (855) 747-4343.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/423

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.com

Available Central Florida new-build income properties:

www.b2rdirect.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for the show.

Best Financial Education:

GetRichEducation.com

Get our wealth-building newsletter free—text 'GRE' to 66866

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

422: Time vs. Money, Financial Mistakes To Avoid in Global Instability with Victor Menasce Nov 07, 2022

Show notes

Get our wealth-building newsletter free—text 'GRE' to 66866.

Money is an abundant resource, not a scarce one.

If you believe that money is so scarce that it's more valuable than time, I provide the solution to that quandary today.

Today's guest, Victor Menasce, believes that today's macroeconomic environment dominates local stories.

We discuss how to navigate today's higher mortgage interest rate environment.

Banks could be on the brink of a concerning liquidity crisis today.

Should central banks set interest rates or can free markets perform that role better?

Learn what financial actions you can take in this era of global instability.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/422

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.co

Available Central Florida new-build income properties:

www.b2rdirect.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for the show.

Listen to Victor's Real Estate Espresso podcast.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building "Don't Quit Your Daydream Letter":

www.GetRichEducation.com/Letter

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

421: This Feels Illegal Oct 31, 2022

Show notes

Get our wealth-building newsletter free. Text 'GRE' to 66866.

You can help abolish the term "slumlord". Profit by providing housing that's clean, safe, affordable, and functional.

Compared to the world, US mortgage terms are so advantageous that they almost feel illegal.

I compare this with: Canada, UK, Ireland, Spain, Australia, South Korea, Germany, France, Switzerland, and Japan.

Are we in a recession? There continues to be dissonance in the economy.

College enrollment keeps declining. But now, 46% of parents even hope that their child does not pursue a four-year degree after high school.

A woman faced with eviction released a bee swarm on law enforcement.

It costs $1.7M to build a small public lavatory in San Francisco.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/421

$1.7M public toilet in San Francisco:

https://www.theguardian.com/us-news/2022/oct/24/san-francisco-1-million-public-toilet

Woman being evicted releases bee swarm:

https://www.usatoday.com/story/news/nation/2022/10/20/woman-releases-bees-police-massachusetts/10549905002/

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.co

Available Central Florida new-build income properties:

www.b2rdirect.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for the show.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building "Don't Quit Your Daydream Letter":

www.GetRichEducation.com/Letter

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

420: Crashing Rent Crisis? and Baltimore, Philadelphia, Pittsburgh Markets Oct 24, 2022

Show notes

In times of high inflation, don't rents have to collapse? Tenants are getting squeezed, paying more for food, gas, medical care, and everything else. Won't rents have to fall?

Will this create a crisis for landlords too? If tenants can't pay the rent, landlords must still pay property expenses.

Historically, what happens is opposite of what most think. So I explore what happened in high inflation 40+ years ago to forecast what will likely happen in the future.

There are three reasons why rents soar in high inflation: 1) tenants move down a class, 2) doubling up as roommates, and 3) today's low housing supply and high demand.

Rents are up 12% year-over-year today for both SFRs and apartments.

Real Estate Pays 5 Ways™, not four or six.

Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach Our in-house coach, Naresh, will help you. His services are free.

Both urban and suburban properties are available.

Urban areas often have a high Walk Score.

The rent-to-price ratios in these three mid-Atlantic markets often exceed 0.9% and even 1%. Before you buy, you already have an inspection report, desktop appraisal, and placed tenant's payment history in-hand.

These rowhouses are often priced at a 20% discount. 3 bed / 1 bath is common.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/420

Get started with income property in Baltimore, Philadelphia, and Pittsburgh at: www.GREmarketplace.com/Coach

Rents In High Inflation:

https://www.realpage.com/analytics/rents-move-high-inflation-market-look-1970s/

Current US housing supply:

https://fred.stlouisfed.org/series/ACTLISCOUUS

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.co

Available Central Florida new-build income properties:

www.b2rdirect.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for the show.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building "Don't Quit Your Daydream Letter":

www.GetRichEducation.com/Letter

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

419: How To Quit Your Job with GoBundance Founder Tim Rhode Oct 17, 2022

Show notes

Are you a quitter? Today's show can make that feel aspirational. Quit a job you hate for the work you love.

Author of "The Quitter's Manifesto" and GoBundance Founder, Tim Rhode, joins me today.

For context on quitting your job, start with the I/O Quotient.

The Soul Sucking Meter: Are you being paid enough? Are you respected? Are you a good cultural fit at your workplace? How does it feel when you wake up to go to work? Could you do your job for decades?

I quit my job for two main reasons: 1) Try it. 2) Be irreplaceable.

Tim describes that quitting your job is like catching the next trapeze.

Want growth? Try something new and scary. You did this as a kid. For example, when you were 11 years old, you swam in water over your head.

Take out a home equity loan before quitting your job. Put those funds into another bank. This builds your financial cushion during a lifestyle change.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/419

Tim Rhode's book, The Quitter's Manifesto:

QuittersManifestoBook.com

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.co

Available Central Florida new-build income properties:

www.b2rdirect.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for this show.

Best Financial Education:

GetRichEducation.com

Get our free, wealth-building "Don't Quit Your Daydream Letter":

www.GetRichEducation.com/Letter

Our YouTube Channel:

www.youtube.com/c/GetRichEducation

Top Properties & Providers:

GREmarketplace.com

@getricheducation

Keith's personal Instagram:

@keithweinhold

418: How To Build A Home Oct 10, 2022

Show notes

Homebuilder confidence is low. I talk to one today. Then, learn how a home is built.

Join our Jacksonville properties webinar Oct. 20th. Sign up free at: GREwebinars.com.

Text "GRE" to 66866 for our free "Don't Quit Your Daydream" e-mail letter.

After discussing the best place to invest today, learn how a home is actually built.

Learn how a home is built: zoning, land acquisition, permitting, engineering, drainage, clearing & grubbing, adding earth fill, soil compaction, trenching, adding sanitary systems, stormwater system, lift station, conduit, electrical, foundation, slab-on-grade, plumbing, framing, block, roof truss.

Homebuilder confidence is low among those that sell to owner-occupants. That's due to higher mortgage interest rates.

Among homebuilders that sell to investors, it's better. Why? Higher rates mean higher rents.

Tenant demand for fourplexes is strong. In inflation and a possible recession, more people must live frugally.

Get started with new-build Florida income property (SFR to fourplex) with today's guest at: GREmarketplace.com/Southeast.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/418

Today's guest provider offers new-build Florida property at:

www.GREmarketplace.com/Southeast

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com