Get Rich Education

Get Rich Education

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.

Episodes

May 3, 2021 43 min

Today, available homes are as scarce as a rare earth mineral. 

Under 500K homes are available for sale today, well below the historic 1M-1.5M at any given time Source: Federal Reserve.

High demand exists independent of low inventory.

Developers and homebuilders need years to help us build our way out.

The development team of Rob Fuller and Jared Garfield tell us how today’s developers cope with the rising cost and unpredictable sup...

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Three reasons NOT to buy income property: 1) It is illiquid. 2) Speculative mania without cash flow. 3) You want zero involvement.

With that understanding, direct ownership of rental real estate still has the best risk-adjusted return today.

President Biden wants to keep people in their homes. He doesn’t want residents removed from their homes under his watch - both homeowners and renters.

Higher mortgage interest rates lead to bot...

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These homes are tiny, eco-friendly, and affordable, with the option of having smart home technology.

Panama has friendly people, safety, a low crime rate, and robust economy.

Organic food is grown on-site, recycled graywater waters your garden, there are community orchards, hiking trails, a yoga area, bird-watching stations, pool, river, and a sense of community. 

This tiny home community in the highlands often experiences temperat...

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Your home is a liability, not an asset.

That’s according to Robert Kiyosaki. This is because your home takes money out of your pocket every month. An asset puts money into your pocket. 

Today’s guest, author and economist Daniel Amerman, has a different perspective. 

He states that forces like inflation and a mortgage (leverage) make your primary residence a strong investment vehicle.

Daniel’s research shows that historically, home...

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Learn how to bring as little money as possible to the property closing table. 

Ridge Lending Group President Caeli Ridge tells us how to do this. She also predicts the future interest rate direction.

Mortgage interest rates hit all-time lows three months ago. Freddie Mac has tracked rates since 1971.

The 30-year fixed rate mortgage debuted in America in 1948. It’s an incredible tool that few, if any, other world nations have.

Befor...

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The Fed is about to unleash a tidal wave of liquidity that you probably don’t know about.

I was recently at my favorite Mexican takeout restaurant. It was the first time they began asking for tips. This is inflation. It is likely not measured in CPI or Core PCE.

Richard Duncan from MacroWatch joins us to discuss how the coming monetary tsunami will stoke asset prices. 

This can continue the “price runup party” in real estate, stock...

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With shrinking national housing supply amidst surging demand, some investors cannot find sufficient inventory.

People are moving to places like: Texas, Tennessee, and Florida.

Suburban properties have higher appeal with today’s work-at-home trends.

New construction properties in infill areas have advantages: an established area, neighbors with equity. 

Learn about a system to help keep your property taxes discounted.

With all this ...

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I hope that it changed you.

Don’t quit your daydream.

-Keith

Resources mentioned:

Show Notes:

www.GetRichEducation.com/336

First American Real HPI:

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

Mortgage Loans:

RidgeLendingGroup.com

New Construction Turnkey Property:

CashFlowAndGrowth.com

Ali Boone’s Recommended Book:

https://amzn.to/2NsMVlF

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 a...

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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.

H...

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March 1, 2021 41 min

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 su...

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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...

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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 in...

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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 te...

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February 1, 2021 42 min

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 als...

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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 r...

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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%&...

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January 11, 2021 60 min

Has “debt-free” now become a poverty marker?

Debt is good when: 1) The interest rate is lower than inflation, and 2) When tenants pay your debt for you.

Get our free “Don’t Quit Your Daydream” Letter at: www.getricheducation.com/letter

Home equity is: unsafe, illiquid, and its rate of return is always zero.

If you pay an extra $100 toward your mortgage principal, you just converted your cash flow to equity. That’s the opposite of f...

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The largest building you can buy with the best loan terms is a residential four-unit building.

Noticing high fourplex demand years ago, one savvy developer has been successfully providing new build-to-rent fourplex communities in the U.S. Intermountain West.

Get the report and connect with the provider at: www.getricheducation.com/fourplex

These often have a price point of $750K or more, and require a 25% down payment. You’re rewar...

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A summary of major housing and economic stories this year.

Then, a framework for how you can achieve any goal is revealed. 

Our own Aundrea Newbern joins me.

She describes her concrete goal of going from her current $10K up to $30K of monthly residual real estate income.

Get our free “Don’t Quit Your Daydream Letter” here: www.getricheducation.com/letter

Resources mentioned:

Show Notes:

www.GetRichEducation.com/325

Mortgage Loans:

...

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Learn mistakes to avoid and how to buy a distressed property at a discount at a foreclosure auction.

First, the average borrower now has $194K in home equity due to high recent home price appreciation. Only 3% have a negative equity position.

Freddie Mac shows home prices up 9.7% year-over-year.

First American’s Real House Price Index accounts for home prices, interest rates, inflation, and affordability. The surprise? Real prices ...

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