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.... Show More

Episodes

September 14, 2020 45 min

The pandemic has fueled remote work.

A New Yorker paying $4,000 rent in a 1 BR apartment can now work from Florida, paying $1,500 rent in a 3 BR & 2 BA single-family home.

Central Florida benefits from this in-migration. 

Florida has law that favors landlords, zero state income tax, a low cost of living, beach proximity and of course, warm weather.

Get the report and learn more at: www.GetRichEducation.com/Orlando

These Central...

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Should you rent or own your home? 

Host Keith Weinhold reveals the biggest homeowner myths.

Complete episode transcript below. Read along.

Resources mentioned:

Business Insider: Rent vs. Own:

https://www.businessinsider.com/buying-a-home-instead-of-renting-isnt-always-better-for-your-savings-2017-11

Housing Wire: Homeowners Wish They Were Renting:

https://www.housingwire.com/articles/49743-quarter-of-us-homeowners-wish-they-were-...

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Where are the big investment risks today? Economic forecaster Harry Dent tells us.

Despite pandemic-driven unemployment, tenants are largely paying the rent.

The price of an existing American home is now $304,100, surging 8.5%.

Lumber prices for a new home are up $16K since April. This increases the value of your property’s replacement cost.

The new 0.5% adverse market condition fee for refinances is annoying. Learn how to avoid it...

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August 24, 2020 34 min

The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law).

Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high.

(Entire episode transcript is below. Read as you listen.)

In the pandemic, tenants want single-family homes more than communal apartments.

Fannie Mae & Freddie Mac want to add a 0.5% refinan...

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You contribute to homelessness. I do too. The problem goes right through real estate.

Factors include: NIMBYism, minimum wage, salamanders, smoke detectors, and rent control.

(Complete transcript on homelessness segment below.)

Then, Chicago is a world class city with lots of economic diversification. Chicagoland’s numbers make sense for real estate investors.

In northwestern Indiana (suburban Chicago), you avoid the high cost of I...

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GDP fell 33% annually, the unemployment rate is high, and even the Tokyo Olympics have been postponed, all pandemic-driven.

Housing continues to hold up well. Nearly all assets are - gold, stocks, crypto, and some commodities. This is partly due to a weaker dollar.

The gap between “haves” and “have nots” widens in the pandemic.

15-year mortgage rates fell below 2%.

VP of Grocapitus, Anna Myers joins us to discuss real estate trends...

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Income over $75K-$95K does not increase happiness. 

Earning over $105K actually decreases happiness.

This is based on studies from Princeton and Purdue universities.

Then what’s the point of building wealth? You get answers.

These surveys do not consider replacing your active income with passive income. 

Matt Bowles of Maverick Investor Group joins us to discuss: market due diligence, pandemic changes, and how to use real estate t...

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We compare do-it-yourself vs. professional property management.

New home price annual sales volume spiked in June. There’s a scarce inventory of suburban SFHs.

The co-founder of Avail, Laurence Jankelow joins us. Avail.co streamlines life for DIY property managers.

Avail is free. It enables you to centralize your: rental listings & applications, tenant screening, credit / criminal / eviction reports, rent collection, maintenanc...

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Learn how real estate pays you up to five ways simultaneously.

Should you be playing offense or defense as an investor now?

Learn how a return of less than 20 to 25% is disappointing.

We’ll add up all five ways you’re paid and see what your Year One return is from: Appreciation, Cash Flow, Return On Amortization, Tax Benefits, Inflation-Profiting.

See brand new construction SFRs and duplexes in central Florida at: www.GetRichEducat...

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Stocks, real estate, gold, oil, inflation rate, and interest rate valuations are all updated after the first half of the year.

Housing Wire tells us rents are up in: Memphis, St. Louis, Greensboro, Jacksonville, Columbus, Tampa, Cleveland, Kansas City, and Virginia Beach. I discuss where they fell.

San Francisco rents just plunged 12%.

Macroeconomist Richard Duncan of MacroWatch joins us to discuss depression chances, and inflation...

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Homes with many small bedrooms are hotly desired today.

Why? In an economic rough patch, people need roommates. Secondly, home offices are more popular than ever.

Residents increasingly want yards today too. Gardening is popular as a hedge against disruptions in the food supply chain.

This all makes single-family homes more popular than apartments.

*The entire episode transcript is below.*

The debt-to-income ratio requirement is po...

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Turnkey RE providers must acquire distressed property at a discount in order to stay in business.

We go behind-the-scenes and see how these companies really operate.

They take risks, maintain relationships with myriad parties, coordinate contractors, bear holding costs, buy & store materials, screen & place tenants, and operate a management division.

It’s a ton of work that investors can outsource to turnkey providers. They...

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Learn how to “get rich for sure” versus “get rich quick”. 

You must diverge from the herd to get more out of life.

Today’s guest, 24-year-old Hayden Crabtree, found that he owned more property than his college real estate professor.

After college, he worked to learn rather than earn. He worked for free for over a year! That’s how he attracted a real estate mentor - by providing immediate free value, not “taking”. 

Hayden also value...

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Pros and cons of getting paid a permanent government housing subsidy are explored.

But first, I discuss your future in light of the current pandemic crisis - housing supply, 2020 vs. 2008 recession differences, economic “vaccine”, current 13.3% unemployment rate.

“Section 8” is the primary federal government program that subsidizes three groups: low income, elderly, and disabled. It is HUD-sponsored.

Cons: Tenant screening is vital...

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College real estate is in deep trouble. 

Commercial leases of all types are in trouble because they often have 10-year terms. Who wants to make 10-year decisions today?

Residential B and C-class SFHs up to four-plexes in the suburbs make a lot of sense today.

We’ve had 33 recessions since 1860. They’re common.

Mortgage rates hit all-time lows again, forbearance loosens, and entry-level housing supply is tight.  

Fed Chair Jerome Po...

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June 1, 2020 52 min

Making a lasting impact is rare. Get comfortable with being uncomfortable.

You get more focus time by opting-out of life's needless direct message notifications.

You get more cash flow by minimizing the amount of real estate principal that you pay down.

The author of the popular new book, The Wealthy Gardener, John Soforic joins us. It is about lessons for prosperity between father and son. The book could make a great Father&#...

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Deflation is occurring before long-term inflation is expected. 

When people stop buying things, manufacturers can’t charge enough, so they stop making products. This results in more layoffs. 

Our national debt is $26 trillion. It’s doubtful that it will ever be repaid. This is why The Fed must inflate.

MidSouthHomeBuyers.com has provided our listeners with more cash-flowing property than anyone.

They’ve renovated 2,600+ homes i...

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You really can gain intelligence in order to achieve wealth and success. Guest John Assaraf guides us in learning how.

John is an expert in helping people achieve more. He grew RE/Max of Indiana to nearly $5 billion in sales.

Success often comes from making “non-conforming” choices.

I give you three examples of my own non-conforming decisions: moving from PA to AK, buying a four-plex, and even launching this show.

“We must all suff...

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Learn the history of interest rates, 1971-2020. Mortgage rates just hit all-time lows.

Tenants are generally reliably paying the rent during the pandemic. Why? Government pays their income; expenses are lower because they can’t travel anywhere to spend. They have more to spend on the rent.  

Unnecessary businesses are collapsing: spas, salons, theatres.

More than half of mall department stores could be closed by next year, like Mac...

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Can you count on rent collection in the pandemic?

Could home prices drop?

Is it better to buy property today, or say, six months from now?

If you think that the pandemic will drag on for years and badly affect the economy, stay on the sidelines.

Most think it'll bounce back this summer.

I talk with guest Gregg Cohen, who helps manage 3,500 rental units in Jacksonville, FL for insight.

Forbearance stabilizes housing values. With...

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