Get Rich Education

#77: "Passive" means you don't have to work actively in real estate in order to profit. But "passive" still means "involved."

Our guest is Norada Real Estate Investments' Marco Santarelli. Norada offers you turnkey real estate investments in multiple US markets.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

02:57 Listen to people whom were investing in real estate during the 2008 & 2009 Financial Crisis like Keith and Marco. They understand harder times.

03:28 Marco Santarelli interview begins.

08:58 Turnkey real estate defined. What to look for in a profitable passive investment.

13:40 Shortcomings of turnkey and passive real estate investing. You still need to do your due diligence.

14:35 Why Keith thinks turnkey real estate investing is in a "sweet spot" of ROI and control.

17:37 What's your time worth?

19:41 10 Rules For Successful Real Estate Investing.

36:33 Should the turnkey seller and the property manager be in the same company?

38:31 Always get a home inspection.

41:30 Linear, cyclical and hybrid markets.

42:29 The best U.S. geographic markets today for buy-and-hold real estate investors.

43:55 Rent-To-Value ratios of 0.9% to 1.2% today.

45:00 Is turnkey RE investing too good to be true?

Resources:

PassiveRealEstateInvesting.com - Free investor education from Marco Santarelli.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

Robert G. Allen's Amazon books page

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

Want a free GRE logo decal? We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: [email protected] We'll send you a GRE logo decal.

#76: Your #1 investment is your own education. Discover how to retain more of what you learn as an investor.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

01:10 People will pay you 30% of their income to live somewhere.

04:38 Affordability will be a problem for future renters.

06:14 Robert Kiyosaki.

07:55 Cone Of Learning.

10:20 A brand new way for you to learn.

11:50 You need to get on the coin's edge.

13:20 Why you need information, not mere affirmation.

15:37 Keith just did something many would consider crazy.

17:45 Be the worst investor in the room.

18:24 Jim Rickards' interest rate prediction.

19:40 Self-directed IRAs.

21:39 Tom Hopkins: Why you need to be a master asker.

24:06 Why agricultural RE investing is a great opportunity.

Resources:

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

GetRichEducation.com/Coffee - Get the free report on cash-flowing coffee farmland, with parcels titled to you.

Fiverr.com | Upwork.com | HireMyMom.com - Where Keith outsources his tasks.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

Want a free GRE logo decal? We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: [email protected] We'll send you a GRE logo decal.

#75: Keith returned from the annual Investor Summit At Sea. Get the cutting-edge recap on topics from apartment building financing to gold to market predictions.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

03:27 What to avoid in forming a real estate partnership.

05:23 Insiders and thought leaders think the U.S. is headed straight to recession.

07:06 Jim Rickards recently stated that there will be no more QE & how that affects you.

08:58 The U.S. government's #1 asset is student loan debt.

10:24 Negative interest rates are coming to the United States.

11:04 What do negative interest rates mean to you?

18:45 Keith and a faculty member's discussion about real estate and gold.

21:20 "White guys buy bonds. Asian guys buy gold." -Robert Kiyosaki

21:53 Sunken ships.

22:40 People have predicted the end of the world since the beginning of the world.

24:22 Apartment building financing today.

27:15 What is a "non-recourse" loan?

Resources:

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

Want a free GRE logo decal? We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: [email protected] We'll send you a GRE logo decal.

#74: Stop saving money for the long-term; it is not serving you. 401(k)s are awful.

To ultimately fulfill yourself, here's why you need to jump.

Steve Harvey "Jump" clip played.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

00:57 Stop saving money for the long-term.

01:21 When he was 12, Keith opened his first bank saving account.

04:18 There are so many things wrong with the 401(k).

06:25 Good news about your ROTI.

07:55 The most important investor question to ask yourself.

13:30 Steve Harvey "Jump" clip.

20:45 Passive real estate income as your parachute.

21:14 Keith's jump. He had fear about starting the GRE podcast.

Resources:

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

Want a free GRE logo decal? We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: [email protected] We'll send you a GRE logo decal.

#73: Rich Dad Advisor Tom Wheelwright actually makes taxes fun!

Tom advises us here in tax season about tax changes, presidential candidates' tax plans, 1031 Exchange, RE Professional designation.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

01:20 To have something different, you need to do something different.

01:39 The five ways your paid as a real estate investor.

05:54 Tom Wheelwright interview begins.

07:02 Every RE Investor should know about the Section 179 and 263 deductions because we can make more write-offs in one year, instead of over a number of years.

11:07 What you can do if you're about to acquire property for the best tax advantages.

13:02 Is the 1031 Exchange going to disappear? Social Security tax cap.

16:15 The Carried Interest Rule.

18:30 Presidential candidates' tax proposals and promises.

24:25 A flat tax hurts RE investors.

24:50 Ordinary Income Tax rates vs. Capital Gains taxes.

26:10 How the Real Estate Professional designation helps you.

30:14 The best tax advisor firms are proactive. They anticipate.

Resources:

ProvisionWealth.com - Tom Wheelwright's tax and wealth strategy firm.

Tax-Free Wealth book - Tom Wheelwright's great book, which Keith owns.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

Want a free GRE logo decal? We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: [email protected] We'll send you a GRE logo decal.

#72: Most RE investors want their income to be passive - meaning you don't have to work for it. Then you need a Property Manager. Knowing how to "Manage The Manager" is key.

Our guest, Kassandra Boltman, understands this as she's a longtime and current Professional Property Manager, Investor, and Educator.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

01:29 Keith brings you this week's show from Miami, Florida.

01:36 Before you learn, you need to "unlearn" these myths.

02:37 401(k)s are awful.

03:30 Compound interest? Einstein was wrong about it.

12:24 One of Keith's biggest mistakes was self-managing for too long.

13:09 Property Managers (PMs) do so much more than collect rent.

13:42 Kassandra Boltman interview begins.

17:32 Most PM companies are "Mom and Pops." How is a PM franchise different?

19:16 MLS lockboxes.

21:42 Communication between a PM and investor strategic planning.

23:15 Capital improvements vs. repairs.

24:54 Routine property inspections.

26:48 How to get tenants to treat property with respect, and stay longer.

32:15 PM fee structures - how to avoid getting ripped off.

34:41 How to avoid getting ripped off from PM "overmaintenance."

35:33 Tips to increase occupancy.

39:05 How to add value to a property.

40:34 Pet policies and rental units.

43:40 PM reporting to you as the investor.

Resources:

RPMLastFrontier.com - Kassandra & Erik Boltman's Property Management company. Contact: (907) 268-4776 or [email protected]

Kassandra's book "Pain Or Profit - Secrets Of Profitable Rental Property Investors"

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: [email protected]

#71: Chartered financial analyst, author, and speaker with an MBA in finance, Daniel Amerman discusses causes of a financial crisis.

As a former real estate investing analyst, he relates today's macroeconomy to real estate investors.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

01:55 Why Keith is a student along with you today.

03:28 Enhancing your podcast listening experience - compressed file size, time stamps.

05:33 Daniel Amerman interview begins.

07:08 The economic challenges in today's environment.

08:04 Financial Repression is government dominance over markets.

11:31 Ways our government gets rid of its massive debt: default, austerity, high inflation, or low interest rates.

14:47 Inflation is still punishing savers.

17:27 Why can't the U.S. just keep running up even more debt?

21:23 Daniel Amerman's thoughts on how Keith secures loans.

23:48 What's coming - inflation or deflation?

30:18 Would deflation lead to a housing crash?

33:07 Will the Fed "save the day" if we tip into deflation?

37:25 Triggers of a housing crash - what to look for.

39:50 How to profit yourself by aligning your interests with government policy.

Resources:

DanielAmerman.com - Daniel Amerman's website. Free resources.

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: [email protected]

#70: Our guest teaches real estate investment analysis to graduate students at Columbia University.

He wrote the popular book "What Every Real Estate Investor Needs To Know About Cash Flow." His new video-based course is found at: learn.realdata.com.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

01:46 Novice investors have awful reasons for why they own rental property.

03:48 Assume that a seller pro forma is a lie.

04:17 Frank Gallinelli interview.

05:28 In RE investing, pretty buildings hardly matter.

10:52 How you evaluate a RE investment's worthiness.

13:20 Your property is only fourth in importance to you.

14:12 Your income stream.

17:20 Emotions have no place in income property investing.

18:09 Lease structures influence on property values.

20:18 Common mistakes made by novice investors.

24:22 Snow removal, bookkeeping, HVAC maintenance.

28:28 Time value of money.

30:52 How much to offer for an income property.

33:25 Due diligence outside the raw numbers.

36:05 Projecting future property value.

39:45 Why are cap rates different across the U.S.?

43:05 Software to help investors make projections.

Resources:

RealData.com - Real Estate Investment Software by Frank Gallinelli

Learn.RealData.com - Video-based course by Frank Gallinelli

What Every RE Investor Needs To Know About Cash Flow - Frank's popular book

InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: [email protected]

#69: Kathy Fettke chats with Keith about what's happening to real estate and investing in today's economy.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

01:14 Keith's properties were shaken by a magnitude 7.1 earthquake.

05:18 Kathy Fettke relates the 2008 recession to what's happening today.

11:58 Tame inflation today.

14:01 Is a U.S. recession coming?

15:55 Demographic shifts.

20:25 Rental boom, followed by a housing boom.

24:10 Stock market crash prediction.

26:06 Farcical job growth.

27:56 Fed Rate hikes are nonsense in this economy.

29:54 Where's the best place to park your money?

34:23 Best geographic areas for RE investing.

37:48 "San Francisco is going to get hammered."

38:23 Single family home investing.

42:20 International Coffee Farms - A cash-flowing, hard asset uncorrelated with U.S. markets.

Resources:

RealWealthNetwork.com - Kathy Fettke's website.

InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: [email protected]

#68: Seth Williams of The Lighter Side Of Real Estate and Bigger Pockets joins Keith to tell you about the best websites & apps for real estate investing, wealth building, and productivity.

Seth's website is REtipster.com

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week's show and learn:

01:10 You'll experience bumps on the path toward where you want to be.

04:00 Seth Williams joins Keith.

08:05 Some investor thoughts on the Grand Rapids, Michigan real estate market.

12:27 Some of Seth's favorite investor resources.

28:55 Some of Keith's favorite investor resources.

35:38 Real estate intersects with so many other disciples, that there's no single "go to" resource.

Resources:

REtipster.com - Seth Williams' investor resources.

EyeJot.com - Send video messages.

AgentPro247.com - Generate lists of motivated sellers.

Google Earth - Global maps & aerial photos.

Zillow - Residential property info. and pricing.

WeGoLook.com - Hire people to look at your more distant properties.

SquareSpace.com/Logo - Generate a quality Logo quickly & inexpensively,

USLegal.com - Legal forms and property rental forms. State-specific.

RingCentral app - Dedicated phone number for your business - calls, texts, faxes. Free.

Pro HDR app - App for beautiful photography. Costs $1.99.

HomeClick - Property improvement hardware.

Landlordology - Rental advice, tips, resources.

Lighter Side of Real Estate - Laugh a little!

Bls.gov and City-Data.com - Economic and real estate market research.

NeighborhoodScout.com - Market research specifically geared to RE investors. Monthly fee.

HomeSnap app - Take a photo of the outside of a home, see photos of the inside of a home!

Property Tracker app - Real estate market and demographic detail.

Property Evaluator app - Do a quick APOD or P&L in under five minutes. See how the property cash flow.

Landlord app - Property management on-the-go.

DocuSign - Send & sign documents remotely.

Loopnet.com - Commercial real estate searches, includes some residential.

Dropbox - Slick, easy file-sharing app.

Mortgage Calculator app - Estimate monthly mortgage payments.

OpenFolio.com - Share & compare yours' and others' portfolios.

Kitco app - Slick app for up-to-the minute precious metals price charts.

BullionDesk.com - Another minute-by-minute precious metals pricing source.

InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen!

We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android.

To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: [email protected]