Get Rich Education

#124: Why mobile home parks of all investment vehicles? Guest Kevin Bupp tells us by explaining why they're so misunderstood and he helps dispel stigmas. Mobile home park (MHP) residents stay in their home longer because they actually own the mobile home. Therefore, they also take better care of their place. As the investor, you rent the lot to the tenant. This also makes MHPs easier to manage. Keith brings you today's show from Bridgetown, Barbados. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 03:02 There is a stigma with mobile home parks (MHPs). Here's how that can actually benefit you. 05:04 Dealing with municipalities. 07:55 Management of MHPs. 10:31 Lack of competition. 14:07 Community aspect. 20:40 Utilities. 25:32 Financing for MHPs. Owner financing is more common than bank financing. 29:02 How do you find a mobile home park for sale? 33:29 Your Return On Time Invested. 37:24 Syndication opportunity. 38:10 Mistakes to avoid. 42:39 In two weeks, Robert Kiyosaki returns here to the show. Resources Mentioned: KevinBupp.com MobileHomeParkAcademy.com Loopnet.com MobileHomeParkStore.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com

#123: What if the value of your income properties falls 40% vs. the value of stock falls 40%? We explore the strategic, emotional and practical side of this. Learn how you stop losing money by paying the opportunity cost of not being invested strategically. How to use desktop methods to research the right properties and markets. Keith is invested in a real estate market where there's a recession. Here's how he deals with it. Keith brings you today's show from San Juan, Puerto Rico. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 02:50 Most real estate investors buy property for convenience, not strategy. 05:34 Reading about 3-D printing before investing in Memphis real estate (really?). 07:17 Use these desktop methods to research property. 09:12 When your stocks fall 40%, a story of what happens tactically and emotionally. 17:20 There have been 25 stock bear markets since 1929. 18:27 Corporate Direct for asset protection. 21:58 The mortgage meltdown of 2009. 23:31 What happens if you income property portfolio fell in value by 40%? 26:56 In a stock meltdown, companies disappear. In a real estate meltdown, you still own land, brick, concrete, wood, copper wire, and glass. 28:23 Warren Buffett's Rule No. 1: "Don't lose money." 29:07 Keith owns income property in Anchorage, Alaska, and there's a recession there. 31:34 Submarkets and business sectors. 34:58 Invest in 3-5 different metros. 37:11 Home inspections. Resources Mentioned: WeGoLook.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com

#122: How do you invest in resort property? Why would you want to? Ambergris Caye is Belize's largest island. It has been named Trip Advisor's #1 Island In The World two years in a row. Learn why. Ambergris Caye, Belize has world-class water sports, the longest living reef in the world, stable banking, is close to the U.S., English is the official language, and housing demand there far outstrips supply. Belize has business-friendly government officials and strong property ownership rights. A new construction resort development project on Ambergris Caye promises to help ease the supply constraint. There is an investment opportunity for you here. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 02:00 Serving resort-goers often means serving Baby Boomers. 04:25 What's riskier: investing outside your home nation, or having everything tied up in one nation's economy and currency? 06:36 Belize is closer to more Americans than Hawaii. Airlines are adding passenger seats to Belize at an astonishing clip. 07:58 Why resort investing? Why Belize? 11:30 Belize is Central America's only nation where English is the official language. 15:14 Ambergris Caye's transition from a sleepy fishing village to world-renowned destination. 17:15 The large barrier reef is just hundreds of yards off the island. This attracts sportfishing, snorkeling, and diving. It also acts as a natural hurricane buffer. 21:37 Mahogany Bay Village on Ambergris Caye. 24:00 Belizean wood products and Belizean labor are utilized to construct the project. 24:38 What's the opportunity for the investor? 26:58 Lack of financing is a problem. It's also an opportunity. 30:08 For an investor, this investment is passive. Professional management is in place. Low property tax, low rental income tax. 31:16 Imagine owning income property that you can enjoy visiting and using. 33:10 Investors can expect double-digit returns. Hotel management fees are low due to economies of scale. 34:22 This resort is so well thought-out that Hilton recently came in and branded it. Hilton's due diligence has validated the development. Their marketing power promises to be transformational. 36:13 Your opportunity to visit Ambergris Caye, Belize for a real estate field trip. 40:17 REVPAR means revenue per available room. 42:11 Locally-sourced development upholds the culture. Resources Mentioned: TheRealAssetInvestor.com/GRE NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com

#121: What's your personal "Money Operating System"? Hilary Hendershott is the personal finance expert on the NBC Evening News in California's Silicon Valley. An MBA, CFP, and TEDx Speaker, she's an an authority on money strategy and mindset. Money has an infinite supply; then why do most people have a limiting belief about money? Also, we discuss how men and women approach money differently. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 01:05 Rising mortgage interest rates. 05:00 Hilary Hendershott interview begins. 06:03 Limiting beliefs about money. 08:47 Money isn't real; it's a concept, an abstraction, a promise. 11:43 Lottery winners that go broke. 13:44 Common "Money Operating Systems". 18:18 Does society spend too much time emphasizing money? 20:00 Men vs. women and money. 26:04 Real estate investing for cash flow. 28:22 Tax depreciation on rental property. Avoiding depreciation recapture. 31:38 "Money is the root of all evil." Really? Keith analyzes. Resources Mentioned: HilaryHendershott.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE MidSouthHomeBuyers.com GetRichEducation.com MortgageNewsDaily.com

#120: One of the few coastal markets where you can find cash flow is Jacksonville, Florida. Fortune 500 companies, the military, and the seaport support this market, not tourism. Learn about investing in these single-family homes with two and three-year leases, how unscrupulous management companies can manipulate you, and how to protect your cash flow. Learn more at GetRichEducation.com/Jax Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 00:54 Don't follow money. Make money follow you. 03:31 Have a sound strategy. Don't "throw darts at a map". 04:02 In real estate investing, your team of pros (Property Manager) could be more important than the geographic market itself. 05:01 Gregg Cohen interview begins. 06:29 Cash flow in a coastal market? 08:04 Population growth, business sectors and industry. Amazon. 11:31 Jacksonville is younger than the rest of Florida. Age 35 vs. 42. 12:27 Panama Canal expansion and Jacksonville. 14:59 Property Management: How some companies manipulate you with 1-year leases. 20:46 2-year and 3-year leases as "the norm." 24:42 Renovation & management companies have the same ownership. Communication. 29:15 How to protect your cash flow amount. 30:40 3 bedroom, 4 bedroom, and 5 bedroom single-family homes. Screening tenants. 33:54 Florida Landlord-Tenant Law. 35:16 Property improvements. 38:10 Hurricanes and Jacksonville. 40:05 Rent-to-price ratio. 41:04 Minimum investment to get started, current inventory. 42:17 As a new client, provider pays up to $1,000 for your Jacksonville trip. 45:00 Our guest wrote three great Jacksonville turnkey RE investing reports you can get at: GetRichEducation.com/Jax Resources Mentioned: GetRichEducation.com/Jax NoradaRealEstate.com TheRealAssetInvestor.com/GRE MidSouthHomeBuyers.com GetRichEducation.com

#119: Harry Dent is our guest today. He's among the world's best-known financial prognosticators. Does Harry still think the Dow Jones will fall to 6,000 points this year? Dent answers questions most won't: Where are real estate prices headed? Oil? Interest rates? Stock market? Inflation vs. Deflation? Gold? GDP growth? Author, Economist, Demographer Harry Dent's latest book, released this month, is called "The Sale Of A Lifetime: How The Bubble Burst Of 2017 Can Make You Rich". Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 01:28 Harry Dent likes making predictions. People listen because the depth of his research is so extensive. 05:16 Harry believes the stock market will trend up until the summer, then a potential crash begins. 10:30 Growth that the U.S. experienced in prior decades won't return due to demographics. 12:53 Stock market bubble catalysts / indicators: Demographics, Trump, bonds. 15:30 How China's overbuilt infrastructure affects you & the world. 19:42 Can Trump control demographics? 24:00 Dent: Why interest rates are headed up, then going lower than ever. 28:15 Which real estate will falter? Which will do well? 30:57 Dent: Mortgage interest rates will peak this year at 4% to 4.5%, bottoming around 2020. 33:07 Dent: In a downturn, positive cash-flowing residential real estate looks great. 33:53 Dent: Oil prices won't go over $62. Could fall to $20-$30 again. 35:45 Dent: Deflation more likely than inflation. 5-10% inflation is impossible. Gold comments. 39:05 What can you do to position yourself for prosperity? 44:30 Your demography is your destiny. Resources Mentioned: HarryDent.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE MidSouthHomeBuyers.com GetRichEducation.com

#118: What's your risk tolerance? Keith discusses risk with mortgage loans for 1-4 unit properties, then for apartment building loans. Later, Marco Santarelli joins Keith to tell you why they believe that real estate is the best asset class compared to stocks, businesses, commodities, and cash. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week's show and learn: 01:37 Should you get a 30-year mortgage loan or 15-year? 05:02 Risk with apartment building loans - balloon terms, interest-only loans, prepayment penalties. 11:31 Keith's personal habits and faults. 12:58 Get Keith's free wealth-building newsletter is at GetRichEducation.com Read Keith's blog at GetRichEducation.blog 18:51 Marco Santarelli interview begins. "Why real estate?" 22:03 Real estate provides five profit centers at the same time. 23:00 What is an asset class? 25:24 Paper assets. 27:08 Stock dividends, options trading. 28:59 Commodities. 30:43 Investing in businesses. 34:18 Real estate investing. 35:32 Liquidity, control, passivity, stability. 37:20 Cash's importance for emergencies, opportunity to fund a deal. Resources Mentioned: NoradaRealEstate.com PassiveRealEstateInvesting.com TheRealAssetInvestor.com/GRE MidSouthHomeBuyers.com GetRichEducation.com

#117: Surprisingly, Alabama is one of the most economically forward-looking U.S. states. Here's why, and here's how you can profit from this at the right time in the business cycle by investing in Birmingham income property. Birmingham is Alabama's largest city amidst a growing population, diverse economic sectors, and a business-friendly climate. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week's show and learn: 01:01 Alabama is one of the most economically forward-looking states in the U.S. 03:44 Geopolitical Strategist Peter Zeihan's remarks about Alabama's top ability to attract foreign capital. 05:22 Disloyalty to markets. 06:14 Don't be a flipper or landlord. Be an investor. 08:00 Maureen McCann interview begins; Birmingham's business sectors. 10:14 The right Birmingham submarkets and neighborhoods. 12:17 Average $104,000 purchase price, $1,050 rent, 3 BR/2 BA, 1,500 sf. 15:55 Renovation extent. 18:41 Tenant retention. 19:39 Property manager communication with you. 22:10 When you close, property is occupied 96% of the time. 25:12 Turnkey Provider and Property Manager all in-house. 27:44 Tenant screening. 29:29 Alabama as a landlord-friendly state. 30:28 Geographic pitfalls? 32:32 Choosing the right team. 34:45 Minimum investment to get started. 35:22 Learn more at GetRichEducation.com/Birmingham 38:00 "VIMTM." Resources Mentioned: GetRichEducation.com/Birmingham NoradaRealEstate.com TheRealAssetInvestor.com/GRE MidSouthHomeBuyers.com

#116: Rich Dad Advisor Tom Wheelwright says that the U.S. could become a tax haven. We discuss other potential tax changes that President-Elect Donald Trump will make. Keith also recaps what happened in financial markets this year: real estate, stocks, gold, inflation, dollar index, interest rates and more. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week's show and learn: 01:42 This year: real estate up, stocks up, gold & silver up, dollar index even, interest rates up, inflation up, autonomous cars hit streets, Chinese yuan into IMF, Brexit, Trump election. 06:36 Robert Kiyosaki and Harry Dent predictions. 09:48 Donald Trump parallels with Ronald Reagan. No individual income tax reform in first term. 12:53 Tax rates won't go up next year. Oil & gas tax benefits will be retained or expanded. 14:11 Carried interest. 17:59 Trump's company lobbied for the "real estate professional" tax designation. 21:28 Limit on itemized deductions coming? 23:32 Expect U.S. corporate taxes to be lowered down from 35%. 28:25 Trump wants a 15% "business tax rate." Amnesty. 30:03 Why is the U.S. successful with such high corporate tax rates? 31:10 Tom Wheelwright: The U.S. could become a tax haven! 32:37 How will we pay for tax reduction? Not growth, but even more debt. 34:08 Financial crash implications. 36:52 Here's how you can act now. 40:37 Keith: Let's lower tax rates, and increase the number of taxpayers. Resources Mentioned: TaxFreeWealthAdvisor.com or 866-467-5809 GetRichEducation.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE RidgeLendingGroup.com RichDadAdvisors.com

#115: Obtaining your RE license isn't that difficult in many states. Would this help you land deals for income property? Yes, and there are tons of other benefits...and drawbacks. Kevin Cross of Foundations Real Estate Experts is a savvy real estate investor, licensee, and former President of the Anchorage Association of Realtors. He tells us the advantages and disadvantages of getting your RE license. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week's show and learn: 02:06 Keith likes BombBomb.com video-e-mail service and the Blinkist.com condensed reading app. 08:11 How can getting your RE license help you get into the deal flow? 12:20 Saving yourself the agent commission - and using that as a down payment. 15:06 The benefits you realize as an agent when you build a network of home inspectors, HVAC companies, roofers, etc. 18:27 When you sell property, act as your own agent. Referral fees. 24:59 Licensing requirements - educational hours, exam, licensing fees. Often $3,000 - $5,000 out-of-pocket to start. 26:55 Difficult to be a "part-time" agent. 28:48 You don't get paid for 90 days. 31:16 Fiduciary responsibility and disclosure. 36:42 90% of sales are made by 10% of agents. 37:11 Do you split your commission with your broker? Must you have an office there? 41:06 After marketing fees and dues, agents earn about 1.5% per transaction. Resources Mentioned: GetRichEducation.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE RidgeLendingGroup.com AlaskaREX.com BombBomb.com Blinkist.com