Get Rich Education

New Construction Turnkey Property:

Ali Boone's Recommended Book:

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Best Financial Education:

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Top Properties & Providers:

Keith's personal Instagram:

www.GetRichEducation.com/336

336: It Begins With Honesty. I'm Sorry. This Is The End. Mar 15, 2021

Show notes

I hope that it changed you.

Don't quit your daydream.

-Keith

Resources mentioned:

Show Notes:

First American Real HPI:

https://www.firstam.com/economics/real-house-price-index/

Mortgage Loans:

New Construction Turnkey Property:

Ali Boone's Recommended Book:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

Best Financial Education:

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

Top Properties & Providers:

Keith's personal Instagram:

www.kenmcelroy.com/getricheducation

335: Ken McElroy - How To Get Money For Your Property Mar 08, 2021

Show notes

To get money for real estate, you don't always have to save up every dollar yourself.

You can use:

Equity from another property - my favorite

Seller-paid closing costs

Seller financing

House hacking

Rent income from duplexes and fourplexes

Lease-Purchase Agreement

Mortgage assumptions

Seller-held second mortgages

Syndication

Partnerships

Ken McElroy joins me to discuss how to attract investors to your real estate deal and more.

He outlines borrowing from your 401(k) and using your retirement plan for real estate.

Teach others about what you know. Just give with nothing in return expected. People will trust you later when you have a real estate deal.

Resources mentioned:

Ken's free resource:

Show Notes:

www.GetRichEducation.com/335

Mortgage Loans:

New Construction Turnkey Property:

Ali Boone's Recommended Book:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

Best Financial Education:

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

Top Properties & Providers:

Keith's personal Instagram:

www.GetRichEducation.com/334

334: Is A Housing Crash Imminent? Mar 01, 2021

Show notes

Will a housing price crash occur when homes can be foreclosed upon again?

Sean O'Toole of PropertyRadar.com and I compare 2007's housing crash with 2021's health crisis-related recession.

"Home prices never go down." That's what many people said in 2005! Wrong.

Learn the housing differences between the last recession and the current one: lending standards, housing supply, regulatory change, construction labor force, construction supply disruptions, household formation.

Sean tells why we will not have a big dump of housing supply on this market anytime soon.

There will still be some delinquent homeowners after the forbearance period ends.

The Biden Administration plans to work with borrowers that have federally-backed mortgage companies and provide them with repayment plans.

Prediction from Sean: mortgage rates will dip below 2%.

Resources mentioned:

PropertyRadar.com

Show Notes:

Mortgage Loans:

New Construction Turnkey Property:

Ali Boone's Recommended Book:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

Best Financial Education:

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

Top Properties & Providers:

Keith's personal Instagram:

www.GetRichEducation.com/Lending

333: High-Yield Cash Flow through Private Lending with Dani Lynn Robison Feb 22, 2021

Show notes

If you hold a savings account, you're a lender. You lent money to the bank and they pay you under 1%.

You can lend for real estate, get a 6-12% cash yield with low hassle, and hold real estate as collateral.

This is some of the most passive, hassle-free income in all of real estate.

Learn more at: www.getricheducation.com/lending

Typically, a real estate company seeks to: buy a distressed home for $50K, pay another $20K to rehab it, then sell it for a profit. That $70K is what they seek private lenders for.

This means that the real estate company can provide the distressed seller with a quick, all-cash closing. (Remember, these properties can't be financed with banks.)

Loan duration is often twelve months.

Dani Lynn Robison of Springboro, Ohio-based Freedom Real Estate Group tells us how Private Money Lending works.

Everyday investors like you can fund this with cash, retirement accounts and HELOCs.

Resources mentioned:

Begin with Private Lending at:

Show Notes:

www.GetRichEducation.com/333

Mortgage Loans:

New Construction Turnkey Property:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

Best Financial Education:

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

Top Properties & Providers:

Keith's personal Instagram:

www.GetRichEducation.com/332

332: Financial Freedom With Four Single-Family Homes Feb 15, 2021

Show notes

Today's guest reveals how he gets $10,755 of monthly cash flow with four SFHs. They're long-term rental tenants.

Get our free newsletter here: www.getricheducation.com/letter

I tell you why a man with $20 million of debt is a financial winner, making analogies to Brett Favre and Cy Young.

Ryan Chaw of Sacramento, CA joins us. A full-time pharmacist, he's age 29, on track to retire from real estate income by age 31.

Unusually, he invests in California single-family homes (SFHs). It's not an area known for cash flow.

He rents them to carefully-screened college students. He self-manages, but hasn't visited his properties in over a year.

In areas like Stockton, CA, he gets $3,000 rent from a $300K SFH.

Ryan uses his "PRIME" Method: Placement of ads, Review applicants' social media, Identify tenant type, Measure responsiveness, and Ensure proof of income.

He has 17 tenants in four SFHs.

Ryan gets money for down payments with his W-2 job. He also uses a HELOC to reset his leverage and create arbitrage.

He travels the world too. He won't delay all gratification.

Resources mentioned:

Show Notes:

Ryan Chaw's free guide:

www.NewbieRealEstateInvesting.com

Mortgage Loans:

New Construction Turnkey Property:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

Best Financial Education:

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

Top Properties & Providers:

Keith's personal Instagram:

www.GetRichEducation.com/331

331: How To Never Leave Money On The Table - Negotiating with Chris Voss Feb 08, 2021

Show notes

Hear a mock negotiation between Chris Voss & I for a fourplex building today!

The former lead international hostage negotiator for the FBI, Chris is now America's top negotiation coach.

In a negotiation: Who goes first? Does "anchoring" work?

In real estate, terms are often more important than price.

"Never be so sure of what you want that you wouldn't take something better." -Chris Voss, today's show

He does not use the term "win-win". It's a giveaway that someone is trying to pick your pocket.

The "other side" always has hidden cards that could benefit you.

Be curious. A positive mind frame makes you 31% smarter.

At times, it helps to address "fairness" at the beginning of a negotiation.

Let the word "no" out softly.

If there's an elephant in the room, address it.

Chris uses the "mirroring" technique on me. He makes me think that conceding was own idea! Amazing.

He has free negotiation resources for you. For his newsletter, text blackswanmethod to 33777. Outside the U.S., go to: www.blackswanltd.com

Silence and humor are effective negotiation techniques in certain situations.

I tell Chris my favorite negotiation line and get his opinion: "What flexibility do you have?"

Resources mentioned:

Show Notes:

Get free newsletter from Chris Voss:

U.S.: Text blackswanmethod to 33777

Outside U.S.: www.blackswanltd.com

Chris Voss' book:

https://www.amazon.com/Summary-Never-Split-Difference-Analysis/dp/1683784391

Mortgage Loans:

New Construction Turnkey Property:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

Best Financial Education:

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

Top Properties & Providers:

Keith's personal Instagram:

www.MidSouthHomeBuyers.com

330: How To Grow Your Property Portfolio Feb 01, 2021

Show notes

After your first 10 rental properties, what comes next?

Buying more than 10 financed properties of 1-4 units often incurs an interest rate about 2% higher.

Apartment buildings of 5+ units is an option.

You can become a real estate syndicator. It is sophisticated. This means you identify a big real estate complex and attract other investors' money to the deal.

Syndications often SEC-regulated. To attract investors, you must also build your brand.

You can be a private money lender with a stable 10% cash-on-cash return. Real estate is your collateral. See: www.getricheducation.com/lending

With agricultural real estate, the trees are the tenants. They don't vacate the property and they're low maintenance. The asset literally grows; land is titled to you. See: www.getricheducation.com/teak

"Family offices" manage wealth for affluent families and individuals. They might cost $1M per year, meaning you'd often need assets of $100M+.

Direct real estate investors "feel the bumps". I recently had a truck accident-damaged property that was in disrepair for 9 months!

This year, John Burns RE Consulting predicts existing home prices to rise +8%, new homes +9%.

It took Tesla 17 years to make a profit. You often do this in 1 month with real estate.

Damion Lupo drops by with crucial eQRP updates. An eQRP lets you: invest your retirement funds in nearly anything, $58,000 annual contribution limit, no custodian, and avoid a 37% UBIT tax hit (like you have with SD-IRAs).

Resources mentioned:

Get the free eQRP book; text "EQRP" in all capital letters to: 72000

Great turnkey provider for beginners:

Rare provider with 1% rent-to-price ratio:

www.GetRichEducation.com/Dayton

Private Money Lending:

www.GetRichEducation.com/Lending

Teak hardwood trees:

www.GetRichEducation.com/Teak

New fourplexes in West:

www.GetRichEducation.com/Fourplex

New fourplexes in Southeast:

www.GetRichEducation.com/Southeast

Turn $100K into $300K in five years:

https://www.getricheducation.com/turn-100k-300k-five-years/

Show Notes:

www.GetRichEducation.com/330

Mortgage Loans:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

New Construction Turnkey Property:

Best Financial Education:

Get our free "Don't Quit Your Daydream Letter":

Top Properties & Providers:

Keith's personal Instagram:

www.KenMcElroy.com/GetRichEducation

329: Ken McElroy - What Real Estate Investors Must Know Today Jan 25, 2021

Show notes

Joe Biden's economic plan for real estate investors is detailed.

Expect: higher income tax, extended eviction & foreclosure moratoriums, $15 minimum wage, $15K first-time homebuyer tax credit, more stimulus checks.

Can landlords still evict tenants for non-payment of rent? Yes. I explain how.

With all this money printing, I expect inflation to stay low due to low velocity.

Ken McElroy joins me again today. He's the Rich Dad real estate advisor.

Migration patterns per U-Haul favor these top 5 states: TN, TX, FL, OH, AZ. #1 for out-migration last year was CA.

72% of people move within the same state, per Ken.

Today's tenant trends: Larger units, security gates, pets, outdoor lighting, small yards, remote rent collection. Proximity to central business districts is less important. Pets attract seniors.

Ken has increased income by embracing pets, and reduced expenses by requiring that tenants have Renters Insurance.

Learn about how he handled recessionary apartment income disruptions for his investors.

Resources mentioned:

See Ken McElroy's predictions video:

Show Notes:

www.GetRichEducation.com/329

Mortgage Loans:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

New Construction Turnkey Property:

Best Financial Education:

Get our free "Don't Quit Your Daydream Letter":

Top Properties & Providers:

Keith's personal Instagram:

www.GetRichEducation.com/Southeast

328: Why Today's Hottest Housing Niche Is Build-To-Rent Jan 18, 2021

Show notes

My housing prediction for the next few years is revealed at the beginning of the show.

Learn why higher interest rates mean less housing supply.

Learn how to buy new construction income properties as inexpensively as $169K at: www.getricheducation.com/southeast

Last year: Real estate was up 11%, mortgage rates fell from 3.72% down to 2.67%, inflation fell from 2.5% to 1.4%, S&P 500 up 16%, dollar weakened, bitcoin surged 400%+, gold & silver had their best years since 2010, oil down 21%.

"Build-To-Rent" (B2R) means that properties are constructed with tenant-occupants, not owner-occupants.

Durable finishes are used, like cement hardie board, vinyl plank flooring, and granite countertops.

B2R single-family homes as low as $169K (new construction). Duplexes, triplexes, and fourplexes are also offered in Florida and Georgia at: www.getricheducation.com/southeast

Tenants in these B2R properties often have incomes of $100K+.

Today's renters want a yard, even if it's small. They don't want a fireplace. With remote working trends, proximity to an urban area is now less important.

Resources mentioned:

Build-To-Rent FL & GA property:

Show Notes:

www.GetRichEducation.com/328

Mortgage Loans:

EQRPs: text "EQRP" in ALL CAPS to 72000 or:

By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel.

New Construction Turnkey Property:

Best Financial Education:

Get our free "Don't Quit Your Daydream Letter":

Top Properties & Providers:

Keith's personal Instagram: