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243: Today's Hottest Rental Type, Apps & Websites with Seth Williams Jun 03, 2019

Show notes

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 and apps. We also discuss self-storage facilities.

Apps and websites:

DealMachine helps you find deals.
DealCheck helps you analyze deals.
TenantCloud helps you self-manage rentals.
BombBomb is a video e-mail service.
Trello and Slack for workflow.
Blinkist condenses books.
RentOMeter estimates rents.
Dropbox and Google Drive manage files.
Evernote stores notes.
DocuSign for digital contracts and signatures.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Seth Williams:

www.REtipster.com

seth@retipster.com

Article:

Hottest Rentals Are SFHs

Website & Apps Discussed:

Mortgage Loans:

Cash Flow Banking:

Turnkey Real Estate:

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Why Investors Get Below Average Stock Returns

242: Investor Psychology with Garrett Gunderson May 27, 2019

Show notes

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 people prioritize this way: value, cost, then price.

Economic independence has five levers:

Recover cash
Engineer wealth
Accelerate investment income
Scale business revenue
Treat yourself as the greatest asset

Behavioral finance is where investing meets emotion.

Facts don't change people's minds. I discuss what does.

"Facts are stubborn things. But our minds are even more stubborn." -John Adams

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Garrett Gunderson:

WealthFactory.com

CashFlowBanking.com

Articles referenced:

Facts Don't Change People's Minds. This Does.

Mortgage Loans:

Cash Flow Banking:

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GetRichEducation.com/Columbus

241: Multiply Your Wealth With 1031 Exchanges and Columbus, OH Market May 20, 2019

Show notes

Your equity is re-positioned when you make a 1031 Tax-Deferred Exchange.

All at once, you can:

Increase your cash flow
Increase your leverage ratio
Create arbitrage
Increase your velocity of money
Expand the value of your RE portfolio
Do it all with zero tax on the gains
Gain 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 real estate investors, you can defer all of these taxes with a 1031 Tax-Deferred Exchange.

We discuss your 45-day and 180-day timelines, "like-kind", your Qualified Intermediary, and 1031 traps to avoid.

Columbus, Ohio could potentially be a wise place to exchange your equity into.

Why Columbus?

Ohio's largest city and capital
Fortune 500 companies
High rents & low purchase prices
Growing city
Family-friendly suburbs
Low cost of living with good incomes
14th-largest U.S. city
SFR Rents $800 - $1,300, Prices $80K - $150K

This provider has turnkey rehab operations integrated with management so that you can buy an "all-done-for-you" single-family rental property

Connect with the provider and get their Columbus Investor Report here: www.getricheducation.com/columbus.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Columbus Income Property:

Forbes:

Californians Move, Then Sell

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240: New 1st Lien HELOC (All-In-One Loan) with Caeli Ridge May 13, 2019

Show notes

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 years
80% LTV on home, 70-75% LTV on investment property
No principal payments due for ten years
Potential interest savings
Better liquidity
Interest rate based on LIBOR + a margin

Use the simulator to see how much interest you save vs. your current mortgage.

I bring you today's show from Dallas, TX.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Mortgage Loans:

Cash Flow Banking:

Turnkey Real Estate:

QRP:

JWB New Construction Turnkey:

Best Financial Education:

Find Properties:

Keith's personal Instagram:

239: Quitting Your Job and GRE Listener Anna Ferntheil May 06, 2019

Show notes

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 about $400 of total monthly cash flow.

Rather than "trading her time for dollars" for decades, she's building passive income streams through real estate.

She now "thinks different".

Ferntheil stresses the influence of associating with like-minded people.

She's also investing in our referred Private Money Lending program, cash-flowing agricultural real estate, and moving her retirement to an eQRP (Enhanced Qualified Retirement Plan).

You don't want "job security"; you want freedom. Security is the opposite of freedom.

Today's show is coming to you from Anchorage, AK. Next week, I'll be in Dallas and Houston, TX. The following week, Guatemala City, Guatemala. After that, Portland, OR.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Anna's E-Mail Address:

amferntheil@gmail.com

Best Financial Education: