Get Rich Education

Will your property lose value now that Amazon is selling homes for under $20K?

Pre-fabricated homes and 3-D printed homes often have major limitations and livability problems.

All homes have materials cost, labor cost, and the cost of the underlying land.

Mortgage interest rates just hit a 21-month low. Home prices are expected to rise 4% over the next year.

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Guest Dave Zook discusses the opportunity to invest in ATMs.

U.S. cash use is increasing at 5% annually.

Many ATM users pay $2 - $3 to access $20 or $40. There's a profitable opportunity for you to invest in ATMs. Learn more here.

24.5% is your projected CCR on a lot of seven ATMs.

Terms discussed: pre-fabricated home, 3-D home, cash call, accredited investor.

If you're an accredited investor, learn more about ATM investing at www.GetRichEducation.com/ATM

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

ATM Investing:

GetRichEducation.com/ATM

MarketWatch:

Amazon's $20K Houses

CoreLogic:

Home Prices To Increase 4.7%

RE Portfolio Software:

Stessa.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

You've never thought about this "new way" to beat inflation.

Three ways to beat inflation:

1) Tie long-term fixed interest rate debt to a cash flowing property.

2) Own gold.

3) Spend your money.

Yes, I advocate spending your money. Die with memories, not dreams.

Housing Data Analyst Logan Mohtashami joins us.

Logan provides mortgage interest rate predictions to BankRate.com. National Mortgage News calls him a "social media star." He's published in Business Insider, Bloomberg Financial.

He believes:

• Interest rates will stay low
• There's no housing collapse imminent
• Housing price growth will slowly continue
• Rent demand will stay strong
• Homeownership rate up to 66% in a decade
• Inventory will stay low because people live in their homes longer
• Birth rates will rise
• Our high national debt doesn't matter

Logan is known as "The Chart Guy". Learn more about him at LoganMohtashami.com.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Logan's Website:

LoganMohtashami.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

Single-family homes are today's hottest rental type - both Realtor.com and John Burns RE Consulting agree.

Boomers don't want the responsibility of homeownership, and also don't want to live in an apartment. This makes SFHs the hottest rental.

Rental demand has shifted to basics: affordable, fewer amenities, better school districts.

Suburban markets should see the concentration in future growth.

Seth Williams of REtipster.com joins us to discuss the best real estate investing websites and apps. We also discuss self-storage facilities.

Apps and websites:

• DealMachine helps you find deals.
• DealCheck helps you analyze deals.
• TenantCloud helps you self-manage rentals.
• BombBomb is a video e-mail service.
• Trello and Slack for workflow.
• Blinkist condenses books.
• RentOMeter estimates rents.
• Dropbox and Google Drive manage files.
• Evernote stores notes.
• DocuSign for digital contracts and signatures.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Seth Williams:

www.REtipster.com

[email protected]

Article:

Hottest Rentals Are SFHs

Website & Apps Discussed:

DealMachine

DealCheck

TenantCloud

BombBomb

Trello

Blinkist

RentOMeter

Dropbox

Google Drive

Evernote

DocuSign

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

Compound interest doesn't work in real life.

5% is the average mutual fund investor return, though the S&P returned 10%.

This is for the twenty years ending in 2015 (Source: Dalbar). This is even before taxes and inflation!

Why are 401(k)s failing people? Inflation, emotion, taxes, fees, and volatility.

Emotions make humans sell high and buy low - a recipe for disaster. I discuss how cash flow helps you remove emotion.

Garrett Gunderson of Wealth Factory joins us.

Financially-free people prioritize this way: value, cost, then price.

Economic independence has five levers:

• Recover cash
• Engineer wealth
• Accelerate investment income
• Scale business revenue
• Treat yourself as the greatest asset

Behavioral finance is where investing meets emotion.

Facts don't change people's minds. I discuss what does.

"Facts are stubborn things. But our minds are even more stubborn." -John Adams

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Garrett Gunderson:

WealthFactory.com

CashFlowBanking.com

Articles referenced:

Why Investors Get Below Average Stock Returns

Facts Don't Change People's Minds. This Does.

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

Your equity is re-positioned when you make a 1031 Tax-Deferred Exchange.

All at once, you can:

• Increase your cash flow
• Increase your leverage ratio
• Create arbitrage
• Increase your velocity of money
• Expand the value of your RE portfolio
• Do it all with zero tax on the gains
• Gain geographic diversity

Real estate capital gains tax is higher than many think: 15% - 23.8% Federal, plus State of up to 13.3%, plus Depreciation Recapture.

Californians could pay 37%+ in capital gains tax.

Fortunately for real estate investors, you can defer all of these taxes with a 1031 Tax-Deferred Exchange.

We discuss your 45-day and 180-day timelines, "like-kind", your Qualified Intermediary, and 1031 traps to avoid.

Columbus, Ohio could potentially be a wise place to exchange your equity into.

Why Columbus?

• Ohio's largest city and capital
• Fortune 500 companies
• High rents & low purchase prices
• Growing city
• Family-friendly suburbs
• Low cost of living with good incomes
• 14th-largest U.S. city
• SFR Rents $800 - $1,300, Prices $80K - $150K

This provider has turnkey rehab operations integrated with management so that you can buy an "all-done-for-you" single-family rental property

Connect with the provider and get their Columbus Investor Report here: www.getricheducation.com/columbus.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Columbus Income Property:

GetRichEducation.com/Columbus

Forbes:

Californians Move, Then Sell

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

More people are renting. The homeownership rate has declined to 64%, from 69% in 2005.

Credit score "inflation" has occurred due scoring model changes and a strong economy.

The average FICO score is now 704, a record high.

GDP in Q1 grew 3.2% year-over-year, exceeding expectations.

A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC.

Ridge Lending Group President Caeli Ridge & I discuss the details:

• Line Of Credit for 30 years
• 80% LTV on home, 70-75% LTV on investment property
• No principal payments due for ten years
• Potential interest savings
• Better liquidity
• Interest rate based on LIBOR + a margin

Use the simulator to see how much interest you save vs. your current mortgage.

I bring you today's show from Dallas, TX.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

If you make $110K per year unfulfilled, would you leave that job to make $78K fulfilled? Commentary.

Learn how to put only a 5% down payment on your home, get a great interest rate with conventional financing and pay zero monthly Private Mortgage Insurance (PMI).

GRE Listener Anna Ferntheil joins us. She is a former co-worker of mine at the State Department Of Transportation.

Still at her day job, Ferntheil has bought her first two turnkey properties in Ohio at GREturnkey.com, totalling about $400 of total monthly cash flow.

Rather than "trading her time for dollars" for decades, she's building passive income streams through real estate.

She now "thinks different".

Ferntheil stresses the influence of associating with like-minded people.

She's also investing in our referred Private Money Lending program, cash-flowing agricultural real estate, and moving her retirement to an eQRP (Enhanced Qualified Retirement Plan).

You don't want "job security"; you want freedom. Security is the opposite of freedom.

Today's show is coming to you from Anchorage, AK. Next week, I'll be in Dallas and Houston, TX. The following week, Guatemala City, Guatemala. After that, Portland, OR.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Anna's E-Mail Address:

[email protected]

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

Program contains a sample of The Notorious B.I.G.'s

"The What" by Bad Boy and Arista Records.

Keep your debt. Get financially-free instead.

We're talking about good debt. Retiring your debt often means you can't retire yourself.

Home equity is:

1. Unsafe.
2. Illiquid.
3. Has zero rate of return.

So then, why have so much equity in any one property?

Back in The Great Depression Era, banks could call your loan due-in-full anytime. They can't do that today.

Don't fear mortgages. Embrace them; even collect them!

Every dollar that goes into mortgage principal paydown is a dollar that you didn't invest.

Separating equity from your home gives you more dollars to invest, not save.

Paying down your mortgage INCREASES your foreclosure risk. Most think the opposite is true.

Have a lot of home equity? Treat it as you like. But you probably have more dollars to invest than you think.

So what's the formula? Consider keeping low equity positions in many cash-flowing investment properties.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Find Properties:

GREturnkey.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Follow us on Instagram:

@getricheducation

Keith's personal Instagram:

@keithweinhold

Chicago and Philly are doomed.

Today's guest, Peter Zeihan of Zeihan.com, tells us why.

U.S. housing will change with shifts in immigration. Future immigrants will have more skills than current immigrants.

Peter & I discuss city-by-city economic fortunes:

New York City - Top U.S. destination for capital. But capital is beginning to flow to secondary cities like Charleston, Dallas-Fort Worth, Denver. NYC is not business-friendly.

Philadelphia - Should be an economic powerhouse, but make poor business decisions. Not a world-class city. Will hollow out.

Washington, D.C. - Could face problems with contractions in government demand.

Cleveland, Pittsburgh - Both trending well with tech-based reinventions.

Chicago - Rife with deep economic problems. May take national emergency to save them.

Florida metros - Tampa, Orlando, Jacksonville areas will keep booming.

Memphis - Looks positive. Transportation center.

Texas metros - Business-friendly, thriving, decisions made at local level. Big regional differentials in property tax.

California - Most economically "unequal" state in U.S.

Seattle - What pushes up housing prices? Geographic isthmus, new business.

Hawaii - Real estate prices are high and resilient. Much of this is due to geography.

With NAFTA's restructure, Texas and the Great Plains are poised to prosper.

Want more of Peter Zeihan? He was on Get Rich Education episodes: 101, 114, 236, 237.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Peter Zeihan's website:

Zeihan.com

Peter Zeihan on Twitter:

@PeterZeihan

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's personal Instagram:

@keithweinhold

Learn how the U.S. compares to the rest of the world today - economically, geopolitically, and demographically.

The global order no longer serves American interests. It's over.

Today's guest, Peter Zeihan of Zeihan.com, tells us why.

Peter & I also compare strength among global currencies, and discuss inflation vs. deflation, and interest rates.

The U.S. has 90-95% economic self-sufficiency. For comparison, Germany's is 40%.

Chinese global financial interaction is waning.

Europe's negative interest rates are a future likelihood.

Mexico, Myanmar, Vietnam, and Indonesia are poised for a bright economic future.

China and the United Kingdom are expected to be future losers.

Zeihan: London will decline. That money and activity will come to New York City.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Peter Zeihan's website:

Zeihan.com

Peter Zeihan on Twitter:

@PeterZeihan

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's personal Instagram:

@keithweinhold