Get Rich Education

#44: A four-plex apartment building can be your major wealth catalyst with an FHA loan and your small 3.5% down payment. Live in one of the four units and rent out the other three. It's exactly how Keith began investing in real estate. Subscribe on iTunes so you never miss an episode. Listen to this week's show and learn: 03:05 Why a four-plex rather than another property type? 04:35 How to put as little as a 3.5% down payment on a four-plex apartment building with an FHA loan. 06:19 Common objections to owning a four-plex this way. 09:28 Different four-plex layouts - townhouse style vs. apartment style. 12:32 Do you live in a geographic market favorable to "owner-occupying" a four-plex? Here are some indicators. 14:30 Running the numbers. 16:09 Leverage creates wealth for you in an appreciating environment. But if the market loses value, leverage can become difficult for you. 20:48 Preparation: how to position your affairs to buy a four-plex. 23:35 Property selection considerations. 26:46 How to structure your purchase offer with the seller to your advantage. 30:25 By buying a four-plex, you're starting off bigger than most well-known real estate investors have. Most people simply don't consider buying four-plexes with FHA loans. Resources mentioned: MyFico.com TheLandGeek.com/GRE and MidSouthHomeBuyers.com Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events. Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

#43: Turnkey real estate investing in 3-4 geographic markets can be a smart formula for potentially high rates of return and low volatility. 01:35 The U.S. stock market has not had a correction for four years. The S&P 500 Index is near an all-time high. 04:03 Nationally, real estate values are still not as high as their 2006 peak. 07:24 Why markets are more volatile with a 0% Federal Funds Rate. 10:32 Be invested in 3-4 geographic markets. 14:50 Typically, an income property's cash flow rises faster than inflation. 24:16 The importance of giving. 28:20 Investments you can make with little of your own money, Panama coffee farm tour dates announced. 32:30 Announcement of a turnkey investment property network of seven investor-advantaged metro submarkets that you can participate in. Resources mentioned: TheLandGeek.com/GRE and MidSouthHomeBuyers.com Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events. Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at:iTunes,Stitcher, andAndroid!

#42: As a child, were you taught a scarcity mindset? Steering public policy through the White House and Congress may help future generations of American children be better-educated on finance. Listen to this week's show and learn: 02:18 You're working 8+ hours a day for a job you're not passionate about. Why not at least plan an escape hatch? 06:17 Did your parents tell you "Money doesn't grow on trees" and "Who do you think we are, the Rockefellers?" Instead, Sharon reveals more constructive phrases. 08:32 As a child, did you learn to "save money" or "invest money?" 11:05 "Live below your means" reinforces a scarce mindset. 16:00 How to teach children about businesses. 17:33 Sharon Lechter on the value of a college education today. 24:50 Which President - Obama or Bush - would be more likely to calculate an apartment building cap rate? Sharon picks one! 25:11 Sharon on the power of real estate investing. 28:09 Sharon's work with "Think and Grow Rich." Resources mentioned: TheLandGeek.com/GRE and MidSouthHomeBuyers.com Sharon's resources: SharonLechter.com | Think and Grow Rich for Women | Board game: Thrive Time For Teens | LinkedIn-Success.com | MyJobChart.com Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events. Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, andAndroid.

#41: Have you run out of money to buy investment real estate? Russell Gray describes how you can pool other people's money for a down payment on investment property. You profit when you provide value to your investors. It's called real estate syndication. Listen to this week's show and learn: 05:12 Real Estate Syndication defined. 09:18 Why syndicate? 12:00 Do you need to be "qualified" to be a syndicator? No. 15:40 Low pressure tactics to attract investors to your deal. 18:32 Remarkably, you'll often discover that it's easier to find investors' money for your deal than finding the real estate to match it. 25:03 How you make money as a real estate syndicator. 30:47 How syndicators spend their time, and pitfalls you must avoid. 37:47 Donald Trump's story. How much money you can really make as a syndicator? 42:20 Next month's powerful Secrets Of Successful Syndication Event, August 21-22 in Dallas, TX. Resources mentioned: Register for the Secrets Of Successful Syndication Event by July 31st at an early-bird discount either: Through our Events Page Or send an e-mail to Syndication@GetRichEducation.com Visit our website at GetRichEducation.com to subscribe to our newsletter or see all Events. www.TheLandGeek.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

#40: Graham Parham, Senior Mortgage Loan Officer with Highlands Residential Mortgage in Dallas, TX, tells you how to best obtain mortgage loans for investment real estate in today's lending environment. Listen to this week's show and learn: 03:02 Why you often want a mortgage loan, even if you can pay cash for a property. 04:35 Your downside risk of high leverage. 05:50 Loan-To-Value ratio (LTV) explanation and significance. 08:08 Last chance to invest in your own Panama coffee farm parcels at a discount. 12:38 Mortgage Banker and Mortgage Broker - what's the difference? 14:00 Why it's more difficult to qualify for a loan today. 18:01 The three "C"s: Credit, Capacity, Collateral. Your requirements for credit score, reserves, and down payment. 23:44 Interest rates for an investment property are higher than for a primary residence. 24:39 How long will interest rates stay low? 26:08 Are 40-year mortgages coming? 28:50 Your debt-to-income ratio (DTI). 31:26 Can foreign buyers obtain loans for U.S. property? 32:55 LLC formation for income property. 36:38 Seeking more than 10 financed properties? 37:36 How RE investors from one state can buy in a different state. 39:37 Keith's strategies on reducing your DTI so that you can qualify for income property. 42:23 Use AirBnB income to qualify for rental property? 42:43 Home Equity Lines Of Credit (HELOCs) can help you tremendously. 44:27 Self-employment income and your loan qualification. Resources mentioned: GrahamParham.com | (855) 326-6802 | gparham@highlandsmortgage.com MyFico.com Dodd-Frank Act InternationalCoffeeFarms.com (ICFC). One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com and submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. Visit our website at GetRichEducation.com to subscribe to our free newsletter. Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android!

#39: Josh & Lisa Lannon weathered adversity and came out the other side to serve more people by doing the right thing. Listen to this weeks show and learn: 01:02 What's your inner investor purpose? 06:40 Grow up, get good grades, go to college & get a job that you don't like so you can pay your debts. Is that all? 07:43 The Lannons met at a Las Vegas nightclub. 09:54 Lisa issued Josh an ultimatum. Josh had to stay sober to keep their marriage, sending Josh into the unknown. 14:33 After healing themselves and reading Robert Kiyosaki's "Choose To Be Rich", the Lannons opened rehab centers to help others. 17:35 When it comes to finding your business teammates, you will attract what you are. 19:27 The Lannons' real estate business. 22:42 The B-I Triangle symbolizes the 8 integrities of business. It also guides mission, vision, and values. 23:00 If you're inside the triangle, you're working "in" your business. If you're outside the triangle, you're working "on" your business. 27:14 Values vs. Competency. 29:49 Though every Rich Dad Advisor book is terrific, why Keith recommends reading The Social Capitalist first. 31:28 A Social Capitalist does good in the world AND profits. Resources mentioned: TheSocialCapitalistBook.com - See the "Creating A Rich Life" program. Amazon: The Social Capitalist by Josh & Lisa Lannon RichDadAdvisors.com InternationalCoffeeFarms.com (ICFC). One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com and submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. Visit our website at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android!

#38: After running out of his own money for cash flowing single family homes, Joe Fairless turned to real estate syndication. Listen to this week's show and learn: 03:24 What to do when you've run out of money to buy property for yourself. 06:42 Joe worked a full-time job for less than minimum wage. Later, he invested $1,000 in a bank CD. 09:20 Starting out buying rental homes in Dallas-Fort Worth. 15:10 How to help ensure that a property manager treats you well. 17:47 A good explanation of a real estate syndication. 20:05 How Joe raised money for a 168-unit apartment building when he's never owned any multifamily property before. 25:25 The kind of investor returns that are typical in a syndication. 32:03 100% LTV HELOCs on your primary residence are available at a major national bank. 32:55 Impactful message from a GRE listener. 36:28 Rich Dad Advisors appear on GRE next week. Resources mentioned: Equity Happens book Quotiful app The Social Capitalist book JoeFairless.com and the Best Real Estate Investing Advice Ever podcast InternationalCoffeeFarms.com (ICFC) One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. See the new website at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android!

#37: International Real Estate Developer Beth Clifford describes the dynamics of new U.S. real estate development. She also touches on the opportunity in the Central American nation of Belize. Listen to this week's show and learn: 01:29 The U.S. population increases by 2+ million annually, and they all need a place to live. This naturally increases demand for real estate. 08:44 Thinking and acting big. 11:33 Why develop a new piece of land rather than just buy an existing building? 13:40 New development = better returns, higher risk. 18:00 Successful developers use design that fits the latest lifestyle trends. 22:40 How to forge relationships so that local government officials will support your new development. 26:27 The financing and funding climate for real estate development today. 33:24 Strong development sectors for investors include residential, medical-office, and travel & leisure. 36:04 New industries like AirBnB, Uber, and autonomous cars influence real estate development trends. 40:26 More Americans are retiring outside the United States. Beth is developing a resort-village in Ambergris Caye, Belize to help serve this need. Resources mentioned: MahoganyBayVillage.com WeWork.com Zero To One book by Peter Thiel InternationalCoffeeFarms.com (ICFC) One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. New! Check out the beta version site at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how: iTunes, Stitcher, and Android.

#36: Keith's 8-plex has had its share of problems and opportunities since he bought it two years ago. See how he views a property with an "investor's eyes." Learn to avoid problems. Listen to this week's show and learn: 01:27 A blogger calls Keith the "anti-Dave Ramsey." 04:44 The only "problem" with having millions of dollars in debt? It's wanting more. 06:48 Problems and operations at Keith's 8-plex building. 13:20 The trade-offs of owning a large lot along with an apartment building. 17:38 Adding income to your property by leasing space to a cell phone tower provider. 20:57 Big problems with the building's water well. 31:44 A major maintenance item needed repair. Not all building repairs provide the same returns. 34:45 The 8-plex's appreciation over two years is a 43% gain on the down payment, amplified with leverage. Resources mentioned: www.InternationalCoffeeFarms.com (ICFC) One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing Coffee@GetRichEducation.com & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund. New! Check out the beta version site at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

#35: Ray Dalio, Founder and CEO of the Bridgewater Associates investment firm with his brilliant work, "How The Economic Machine Works". Listen to this week's show and learn 1:47 Definition of "economy." 2:00 Produce more than you consume. 5:59 "How The Economic Machine Works" Resources mentioned: You Tube video "How The Economic Machine Works": here. Written .pdf document "How The Economic Machine Works": here. Ray Dalio Wikipedia Page: here. TheLandGeek.com/GRE MidSouthHomeBuyers.com New! Check out the beta version site at GetRichEducation.com Download the GRE Android App at Google Play and keep the GRE icon right on your phone's home screen! We would be grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.