Get Rich Education

#127: You are invested in a zero-return investment. Home Equity is unsafe, illiquid, and its rate of return will always be zero. Then why are you so heavily invested in home equity?

We discuss strategies to turn this around, and use home equity as a wealth-builder for you.

Making extra mortgage principal payments on one's home is usually a terrible idea.

Striving to be debt-free often prevents one from becoming financially-free. You'll see why.

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:

03:57 ROI.

04:28 Turnkey income property inventory keeps tightening.

06:33 You have money that you didn't know you have.

07:35 Your value as a listener.

12:04 How much of a zero-return investment would you want?

13:44 Debt-Free vs. Financially-Free.

17:01 Property equity is unsafe, illiquid, and has zero rate of return.

20:18 Equity transfers.

24:46 Making extra principal payments on one's home.

26:55 "Feelings."

27:32 30-year fixed vs. 15-year fixed amortizing mortgage loans.

34:56 Control.

41:51 HELOCs.

Resources Mentioned:

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

#126: Robert Kiyosaki is our guest today. He's the #1 Selling Personal Finance Author Of All-Time. He's authored numerous titles, including the mega-popular "Rich Dad, Poor Dad".

He leads the Rich Dad Company, whose mission is "Elevating the financial well-being of all humanity."

Don't work for money. Let your assets produce money for you.

Kiyosaki's enduring mantras include: The Rich Don't Work For Money | Your House Is Not An Asset | Don't Live Below Your Means, Expand Your Means | Savers Are Losers, Debtors Are Winners and countless other influential quotes and statements.

Keith hosts today's show from Anchorage, Alaska.

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:

02:12 The power of the book "Rich Dad, Poor Dad".

04:23 Robert Kiyosaki interview begins.

05:12 Kiyosaki: Our school system is corrupt.

07:36 The Communist Manifesto (1848) by Karl Marx and Friedrich Engels.

10:16 If you own enough production, you won't work for money.

11:16 Dying capitalism in the United States.

13:05 "Don't live below your means. Expand your means."

15:25 Kiyosaki adds 300-400 properties to his portfolio annually.

16:39 "Printing money on demand."

18:17 Oil prices.

21:21 You Are The President Of Your Own Life.

24:28 Before buying real estate, consider the amount of debt you can get. Net Operating Income. Consumer Debt vs. Investor Debt.

26:44 20th Anniversary Edition of Rich Dad, Poor Dad.

29:18 The rich, middle class, poor. Concern about a crash. Debt and taxes.

30:32 What can the everyday person do?

31:04 Kiyosaki: We're going into a depression.

34:45 Weinhold on debt.

36:10 Eight old rules of wealth. It's faulty financial programming.

39:35 Ripping 401(k)s.

41:16 Telling yourself the truth.

41:53 Donald J. Trump. Keith gives a political opinion.

Resources Mentioned:

RichDad.com

Amazon: Rich Dad, Poor Dad

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

#125: Your passive income streams are durable to the extent that they're diversified.

Specialty agriculture can realize spectacular gains as the world's amount of arable land diminishes. At the same time there are more mouths to feed.

There is a massive undersupply of fine cacao for the world's strong market demand.

Chocolate is derived from the cacao tree. Quality cacao thrives in the stable Central American nation of Belize. Finished products include gourmet chocolate and cacao butter.

You can realize a cash flow stream from the annual harvest of the cacao beans, and it's all managed for you.

Learn about the returns, risks, cacao supply vs. demand, and more.

Keith hosts today's show from Anchorage, Alaska.

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:

01:40 Durable wealth means having multiple diverse income streams.

03:12 Cacao (chocolate) farm investing in Belize.

05:00 Panama coffee farm parcel investing update.

07:01 Cacao farming business model.

09:11 Why Belize was chosen for cacao crops.

11:21 Supply vs. Demand for fine-flavored cacao.

16:05 Chocolate is a proven product with sustainable demand.

22:20 What a cacao farm looks like.

28:29 Risks.

31:48 $24,500 per half-acre parcel. Investors need not be accredited, no loans, 11-12% cash return expected over time (not including potential land appreciation). IRA funds eligible.

36:13 Exit strategy.

38:42 Proven product, stable government, secure, turnkey managed, social benefit.

41:53 Attend a cacao farm tour.

43:43 Cacao trees produce fruit regardless of how financial markets perform.

44:40 Nationalism.

45:50 Provider track record, and retaining local labor.

48:20 Learn more at GetRichEducation.com/Chocolate

Resources Mentioned:

GetRichEducation.com/Chocolate

NoradaRealEstate.com

TheRealAssetInvestor.com/GRE

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

#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