Get Rich Education

#114: Your mental map is stimulated today as we discuss what geographies will be prosperous for real estate investors. Geopolitical Strategist Peter Zeihan of Zeihan.com takes us on a virtual cross-country journey economically, geographically, and demographically. 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: 03:46 The Mississippi River System promotes continental commerce. Luckily, it's superimposed atop the U.S. agricultural belt. 06:47 Demographic luck. 13:54 Capital flight to "Gateway Cities": Toronto, Montreal, Vancouver, Santa Monica, San Francisco, Seattle, New York City, and Miami. 17:38 "Reinvented Cities": Oklahoma City, Austin, Salt Lake City, Charleston (SC). 20:05 Migration to low-cost-of-living cities. 25:27 New England. 26:58 New York. 28:42 Pennsylvania. 31:44 New Jersey through DC to the Carolinas. 34:22 Georgia. 36:21 Florida. 38:12 Alabama. 40:53 Tennessee. 43:12 Great Lakes Region. 44:11 Missouri. 45:16 Arkansas & Louisiana. 46:58 Texas. 50:01 Upper Great Plains. 51:07 Denver and Salt Lake City. 53:16 Arizona and Nevada. 56:53 California. 59:33 Washington and Oregon. 62:47 Alaska and Hawaii. Resources Mentioned: Zeihan.com TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com

#113: You can be a lender instead of a borrower with Mortgage Note Investing. Real estate is your collateral, securing your loan. Why would you want to give a loan to someone that can't qualify for a bank loan? David Campbell from Hassle-Free Cash Flow Investing tells us why and how. 9-10% cash-flowing rates of return are common. Compared to buy-and-hold RE investing, this is more liquid, less risky, and incurs lower transaction costs. 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: 07:05 Why now is a good time to move chips from the equity side to the debt side. 10:48 Mortgage Note Investing is also similar to terms like "Hard Money Lending," or "Private Lending." Also, discussion of Mortgage vs. Deed Of Trust. 15:45 Buy notes where the borrower has 20-25%+ equity in the property. 23:02 Mortgage Notes provide higher cash flows, less risk, more liquidity, lower transaction costs compared to owning real property. 26:47 Example on a $75,000 mortgage. 34:50 Use your IRA or HELOC to create arbitrage. 36:38 Knowing good from bad, and avoiding fraud. 43:14 Turn your equity into cash flow. Resources Mentioned: HassleFreeCashFlowInvesting.com/GRE TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com

#112: Two undercover thieves are robbing you of your dreams. They're stealing your prosperity both now and in the future. This is why people think they're "getting ahead," but they're falling behind. Learn about the problems with 401(k)s and inflation - it's even worse than you think. Learn how to get on top of this and get empowered today. Keith brings you today's show from Dallas, TX. 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: 02:33 Be unusual. 03:33 A terribly naive statement: "Socking away money in your 401(k) will make you a millionaire." 07:08 401(k) saving is misdirected. It's herd mentality pumped up by a billionaire-dollar Wall Street marketing campaigns. 09:40 History of the 401(k) and Ted Benna, creator of the Plan. "Salary Reduction Plans." 13:35 Dollar-for-dollar matches in 401(k)s. 17:12 A 401(k) is a ZERO cash flow plan. 24:24 The secret monthly bill that you don't know that you're paying. 26:57 Real ROI vs. Nominal ROI: How "winning" is really losing. 28:38 Taxation is not adjusted for inflation. 30:40 The first step to solving your problem is recognizing that there is one. 32:04 Your real estate cash flow increases faster than inflation over time. See at: GetRichEducation.com/videos Resources Mentioned: TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com Ted Benna and 401(k) history

#111: Looking for passive income but can't find an attractive real estate deal in today's climate? Invest with a trusted, savvy investor that's an expert in identifying profitable apartment building deals for others. Dave Zook, Founder Of The Real Asset Investor, has a remarkable track record of providing reliable returns to investors. 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: 05:05 Entering real estate for tax mitigation reasons. 07:40 Rich Dad influence. 09:15 Many wealthy people are willing to invest in 1% yield CDs! 11:26 Planting the seeds of real estate syndication. How to stay in the "deal flow." 12:57 The people are more important than the product. Which people are "real" and which are not? 15:45 Multifamily property in Memphis. 20:03 Forced appreciation. 22:31 Dave is successful because he considers his investors' need, not his need. 24:08 Value-add property improvements include a high-tech video surveillance system. 26:26 Dave's investors benefit in ways that direct investors don't. 28:38 Dave puts his own "skin-in-the-game" alongside his investors. He has a vested interest in property performance. 30:05 Investors paid quarterly: 8-11% Cash-On-Cash Return. High teens to 25%+ Internal Rate Of Return. 31:44 Taxes. Accelerated depreciation (from Cost Segregation) gets passed along to each investor. 33:41 Annual investor barbecue. 35:03 Win a free real estate field trip to Memphis or Belize at www.TheRealAssetInvestor.com/GRE 36:14 Advantages to investing in a trusted expert's syndication. Resources Mentioned: TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com

#110: Wealth and fulfillment are matters of your personal choice. "Being Wealthy Is A Choice" is something that I didn't believe when I first read it in a Robert Kiyosaki book 15 years ago. Now, I know that it's true. Learn how to choose wealth. Be bold. Live where you want to live. 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: 02:12 You need to believe that being wealthy is a choice. 03:26 You're unfulfilled because you spend too much time at your job. 06:20 Live where you want to live 09:09 Be bold. 13:14 Disable notifications. 13:53 Associate with people whose future is bigger than their past. 15:17 Fear and doubt destroy more dreams than failure ever does. 16:24 Die with memories, not dreams. 22:52 You're paid five ways at the same time with RE investing. 30:05 Risk. Resources Mentioned: Article: The 5 Ways You're Paid In RE Investing CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#109: Memphis, Tennessee is the longtime King Of Real Estate Cash Flow. Mid South Home Buyers in Memphis is the turnkey company with smart systems and great service. Learn how they got their advantage. Founder Terry Kerr and Investment Coordinator Liz Nowlin tell us what makes Memphis unique. 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: 02:44 Return From Equity (RFE) and Return On Equity (ROE) are two different things. 06:18 Equity positioning is key to your investing strategy. 07:18 Volatile markets vs. Stable markets. 10:23 Terry Kerr and Liz Nowlin interview begins. 12:15 Mid South Home Buyers manages 1,450 properties, 98%+ occupancy, 77%+ of tenants renew their leases. 14:28 Memphis is a distribution hub. 15:27 52% of Memphis residents rent rather than own. 17:33 Some turnkey providers "mark up" materials. 20:58 The best-renovated houses in Memphis: roofs, HVAC, kitchen, bathroom, electrical, plumbing, flooring, more. 23:48 Under-market rent amounts. 24:40 Warehousing of materials creates efficiencies. 25:49 Communication. 29:07 A larger pool of tenants to select from. Resources Mentioned: MidSouthHomeBuyers.com CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#108: Should your rent or own your primary residence? Consider feelings, equity buildup, control, leverage, personal cash flow, mobility, inflation, taxes, liquidity, opportunity cost, sunk costs, and much more. Innovative Advisory Group's Kirk Chisholm joins Keith for the chat. Keith tells you how much his home is worth. 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: 02:55 Your home is not an asset. 08:51 Why throw away money on rent? 12:15 Rental "stigma." 16:10 Liquidity. 17:50 Sunk costs like furniture, maintenance, amenity obsolescence. 20:14 Inflation, leverage, appreciation. 23:57 Three methods to help you determine to rent or buy. 27:51 Wider selection of homes to buy than rent. 30:41 Rent-To-Value Ratio. 34:08 Today's low homeownership rates. 35:19 "Touchy feely things." 39:31 Rent vs. Buy Calculator. 40:30 Keith's home valuation and whether he rents or buys. 42:21 Be the second owner of a home. Resources Mentioned: InnovativeWealth.com/GRE Kirk Chisholm's Rent vs. Buy article CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#107: Rich Dad Advisor Garrett Sutton is our guest today. His firm, Corporate Direct, offers smart asset protection and simplifies what seems complex. Keith is back in Anchorage, AK for today's show. 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: 02:12 Rely on your team. You don't need to know everything. 04:52 "12 Reasons It's A Great Time To Be A Real Estate Investor." 11:20 Garrett Sutton interview begins. 12:45 Charging orders. 14:48 States offer different protections. You can "borrow" from the best state's protection. 17:05 Texas asset protection. 22:24 Protecting yourself when you own real estate in multiple states. 25:04 Equity stripping. 26:18 Why Garrett wrote his new book, Toxic Client. 28:12 "Entitlementia." 31:24 Why many attorneys get asset protection wrong. 33:18 When Robert Kiyosaki was famously sued, Here's how Garrett protected him. 34:14 Corporate Direct's affordable fees. $695, or $595 for GRE listeners. Resources Mentioned: CorporateDirect.com Phone Corporate Direct 1-800-600-1760 Amazon: Toxic Client book Entitlementia.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#106: With enough passive income to meet your living expenses, you can potentially quit your job. GRE's Business Developer John Collins just quit his job. He tells us how it feels. Keith brings you the show from Ontario, Canada today. 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: 02:38 How close are you to quitting your job? The PPY. 05:42 A metaphor about life being the journey, not the destination. 07:40 If the Dow Jones rises from 19,000 to 20,000 points, that's NOT a gain! 10:41 With zero financial education, stocks are better than real estate. With some education, real estate is better. 12:08 Monthly property management statements. 15:50 The jet pilot. 19:12 GRE's John Collins quit his job that paid $100K-$200K per year. 22:47 Overcoming fear of leaving the job. 24:32 Nothing dispels fear like education; social connections. 28:48 Altering your life structure. 32:35 Do you still know when it's "Payday" at your employer? 36:40 Feel of the "corporate-ocracy." 39:09 With more passive income, here's how you'll begin thinking differently than your co-workers. 41:15 Entrepreneurship is not for everybody. "Turnkey job." Resources Mentioned: Book: "Pivot" by Jenny Blake CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#105: Texas is a job creation juggernaut. Companies are being lured to Texas at a staggering rate by a business-friendly environment, low labor costs, and tax incentives. Texas is where you have some of the fastest-growing, most economically stable markets in the nation. Your durable rent income comes from tenant jobs. Learn about how to get into this market with an award-winning turnkey real estate investment provider at GetRichEducation.com/Texas. 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: 03:29 Turnkey real estate investing defined. 04:44 Win-wins. 05:16 Why turnkey RE is not too good to be true. 09:30 A "Tenant Inspection Report." 11:34 Carl Dean interview begins. 13:39 Carl moved to Texas because that's where the jobs and better properties are. 15:05 Is the Texas RE market overheating? 18:02 Medical, financial sectors. More than just oil. 20:19 Migration into Texas. 21:53 Property taxes. 24:03 Price sweet spot of $140K-$250K. Rent-to-value ratios. 25:15 Lease duration and 5% rent increases each year. 29:40 Plano and Frisco often have price points that exceed the cash flow "sweet spot." Fort Worth and south Dallas areas are generally better. 32:18 3 Bed / 2 Bath single-family homes are the minimum size criterion. 35:07 Exit strategy. 37:58 A "cheap" property isn't enough for an investor. 38:50 Placing the right tenant. Minimum $1,200 rent amount. 41:04 How does Carl find his inventory? 45:17 Cash flow in Texas vs. other markets. Resources Mentioned: GetRichEducation.com/Texas Trulia.com CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com