Get Rich Education

228: Donald Trump - The Real Story | Equity Flipping, Cap Rates

February 18, 201944 min
Is Trump’s real estate wealth self-made or inherited? You get surprising answers. Also learn about property hold time, equity flipping, cap rates, health insurance, a mastermind group. How long should you hold onto an investment property? Short answer is 8 years. Generally, sell when you have at least 15% more equity than your contemplated replacement. “Equity flipping” is a term that I introduce to you today. Don’t flip property, flip equity. This increases your velocity of money. Learn all about Cap Rates. Cap Rate is income divided by price. Cap Rates are driven by supply and demand. Cap Rate excludes financing because you brought a mortgage to a property, the property didn’t come with the mortgage. Learn about health insurance for entrepreneurs. Next month on the show: Robert Kiyosaki, Tom Wheelwright, and Ken McElroy will all be here for “Rich Dad Month”. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Visual Capitalist: Trump: The Real Story World Real Estate Trends & Climate: GlobalPropertyGuide.com Collective Genius Mastermind Group: http://invite.thecollectivegenius.com/ Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith personal Instagram: @keithweinhold

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