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

June 27, 2022 43 min

“You DO care about what others think of you. That’s your reputation.” -Keith Weinhold

People care about your brand when you create value for them. Next, you must reach people.

A construction worker in London decided that he wasn’t where he was meant to be in life. He’s our guest, Steve D. Sims.

He started asking others why they were wealthy but he wasn’t.

A personal branding expert, Steve tells us why the right brand for you is the...

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For many, it’s become a scary world with $5-$6 gas, soaring food prices, spiking rents, the medical system is still a mess, and wages aren’t keeping up with inflation.

Inflation is at a 40-year high of 8.6%. The Fed raised rates ¾%, the biggest jump in 28 years.

For every $1M in real estate debt that you have, you’re benefiting $86,000 each year due to your debt debasement.

Affordability has become so bad for wannabe first-time hom...

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The housing market has calmed, but it’s still strong.

The homeownership rate of 65% is poised to fall these next few years. People must live somewhere. This should make for more renters.

Mortgage delinquencies have fallen for seven straight quarters. The forbearance program kept people in their homes.

“The Great Reshuffling” describes the US housing market since 2020.

Inflation flips money upside-down. Focus on prudent borrowing, n...

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You often relate to other people when you show yourself as vulnerable and fallible. In many contexts, this is even better than acting professionally.

Today’s guest, “Miracle Morning” author Hal Elrod, tells us that people spend too much effort trying to impress others.

When you give the most, it’s liberating.

“You SHOULD care about what others think of you. That’s your reputation.” -Keith Weinhold

Once, Hal e-mailed friends, ex-gir...

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Have you ever met anyone that created wealth with stocks? I haven’t. Why not? 

Inflation, emotion, taxes, fees and volatility are the reasons. I break this down.

The Rule of 72 is what traditional advisers cite as a wealth-builder. I describe why this does not work.

Learn why returns from stock and mutual funds are often less than zero.

What really creates wealth? Leverage.

Learn trade-offs between long-term rentals and short-term ...

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Are “coffin homes” coming to the United States? This is concerning. Housing is so expensive that people live in cocoons.

A new Biden plan makes efforts to increase American housing supply.

Finally! We need help on the supply side, not the demand side.

I explore recession prospects with you. 

During 7 of America’s 8 recessions (over the last sixty years), home prices only fell once.

What Really Matters: “If you had invested $1,000 i...

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Will you be banned as a real estate investor? Some jurisdictions consider adopting this stance to keep soaring prices in check.

Some workers cannot afford to return to the office. If they leave home, they would have new expenses for gasoline, meals, parking and the big one—child care.

Of the “5 Ways Real Estate Pays”, historically: three are now high, one is low, and one is the same.

Caeli Ridge joins us. She’s the President of Rid...

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The mad scientist of multifamily is here today. 

Neal Bawa is a data scientist. He keeps emotion out of real estate for investors in his $947M portfolio.

He believes that higher mortgage interest rates are a smaller obstacle than the Fed’s currency creation and destruction. He says: “Accept the risk.”

We discuss investor confirmation bias.

Neal thinks American cash flow will keep diminishing.

Of all emerging trends, Neal believes t...

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Rents are spiking 13-15% annually in America today. When they rise, they rarely ever fall again. This is why rent amounts are called “sticky”. Learn why.

Even when I was a landlord during the GFC fifteen years ago, my rents didn’t fall.

Rents are skyrocketing due to:

  • Low housing supply
  • Higher prices
  • Higher interest rates
  • Demographics. 25-34 year-olds are in prime household formation years. They want their own place. This is America...
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    April 25, 2022 48 min
    The housing crash is 100% certain. That’s because it’s a supply crash, not a price crash.

    I define a price crash as a loss in valuation of 20% or more.

    Here are the bubble factors that I consider in today’s show: 

    Price, inflation-adjusted price, interest rates, affordability, bond yields, personal incomes, foreign buyers, equity position, housing supply and more.

    From 2018 to 2022, I tell you about my recent housing forecast histo...

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    April 18, 2022 43 min

    One niche that people are passionate about is investing in self-storage facilities (SSF).

    SSFs are recession-resilient and there’s less to maintain. Your “tenants” are often cardboard boxes, not humans. This makes it easy to manage.

    Tenants often expect to stay for 6 months, but stay for 3 years.

    A 10 x 10 storage space might rent for $200. You could increase the rent by 10% to $220. They won’t move out due to a $20 increase, but y...

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    Why are home prices surging? I’ve got 10 big reasons and break down every one. Some reasons are not obvious.

    America’s residential loan-to-value ratio is just 31%. 

    Interest-only loans are my favorite loan type. You don’t need to make any principal payments.

    Most people think interest-only loans awful. I explain why they’re often so advantageous. 

    You meet GRE’s Investment Counselor, Naresh Vissa. For off market property, e-mail hi...

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    Uncertainty is high. Inflation is spiking, supply chains are unreliable, and COVID keeps hanging around. 

    Russia’s invasion of Ukraine threatens to make inflation and supply chain reliability worse.

    Amidst this backdrop, today’s guest, Richard Duncan, discusses prospects for a US recession.

    Richard reiterates that the US needs credit growth of at least 2% annually (inflation-adjusted) to avoid a recession.

    In a recession, nearly ev...

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    Now you have to earn your money twice. The first time is when you work for it, the second time is when you must invest it to beat inflation. My explainer on why higher interest rates slow inflation.

    “Inflation is legalized counterfeiting. Counterfeiting is criminalized inflation.” -Robert Breedlove

    When wages don’t keep pace with inflation, I explain why it destroys families.

    We compare short-term (STR) and long-term rental (LTR) p...

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    March 21, 2022 39 min

    Bitcoin Beach is a real world place. It’s in the tropics and has zero property tax. It’s on the Pacific Ocean.

    It reminds many of coastal California, but without the sky-high prices.

    Both bitcoin and the US dollar are legal tender here. Unlike the US, there is zero capital gains tax on bitcoin. 

    A beautiful 40-acre property is being developed on a hill overlooking Bitcoin Beach.

    Besides luxury homes, condos, and tiny homes, the pro...

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    Today’s high inflation rate is poised to go higher. The latest CPI was up 7.9%.

    Home prices hit an all time high of $364,000 per Redfin, up 16% annually.

    Safety factors, building restrictions and the environmental movement all contribute to higher home prices and more homelessness.

    Larry Reed, the longtime former President of FEE - the Foundation for Economic Education - joins us.

    He believes that free market principles incentive t...

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    The greatest tax gift that your government gives real estate investors could be the 1031 Like Kind Exchange. This allows you to defer your capital gains tax and depreciation recapture.

    There is no limit to the number of times that you can do this during your lifetime. You can make millions more with 1031 Exchanges.

    But there are some specific rules to follow, like the 45-day identification period and 180-day timeframe in which to c...

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    Residential and warehouse real estate have been two hot sectors.

    With spiking house prices, investors are pushing out first-time home buyers. This increases the size of the renter pool.

    Historically, when mortgage rates rise, so do home prices. It’s the opposite of what most people think.

    For income property loans, get started at: RidgeLendingGroup.com

    Learn what it takes to qualify for a conventional loan on investment property: d...

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    Inflation hit its highest since 1982. The government admits that the CPI is now 7.5%. 

    Even if your wages don’t keep up proportionally with inflation, learn about how to profit from inflation with real estate.

    What happens when your tenant can’t afford today’s higher rents? You get answers. 

    Get my prediction on what will happen in a higher interest rate environment.

    Our COO Aundrea Newbern, MBA, joins us. She tells us about the sn...

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    February 14, 2022 39 min

    A laid-back lifestyle in a tropical climate typifies “Margaritaville”.

    Margaritaville is a popular and flourishing real estate brand. There’s also short-term rental income stream for you here.

    A new location is opening in Belize. It is closer to more of the US than Hawaii, and with warmer water. 

    It has the largest reef in the hemisphere, good for snorkeling, diving, and fishing. 

    This under-construction project has Caribbean beach...

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