Get Rich Education

"You DO care about what others think of you. That's your reputation." -Keith Weinhold People care about your brand when you create value for them. Next, you must reach people. A construction worker in London decided that he wasn't where he was meant to be in life. He's our guest, Steve D. Sims. He started asking others why they were wealthy but he wasn't. A personal branding expert, Steve tells us why the right brand for you is the "authentic you". When you meet someone, ask them about themselves. They are their own favorite subject. "A brand is what people say about you when you've left the room." -Steve Sims Brands are either solution-based or aspirational. Every person has a brand. Donald Trump was well-branded because he had clear slogans like "Make America Great Again" and "Build A Wall". The lesson? Be clear about who you are or what you stand for. It's OK to know what you're "not". For example, I didn't know how to hire a COO for GRE and still don't have experience managing people. Resources mentioned: Show Notes: www.GetRichEducation.com/403 Steve Sims' website: https://www.stevedsims.com/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript:Welcome to GRE! I'm your host, Keith Weinhold. There's so much to pack into one show today - inflation at its highest rate in over 40 years, the Fed raising interest rates the most in 28 years, rents are going up fast, then GRE's COO Aundrea Newbern & I on our favorite REI resources. Today, on Get Rich Education. _______________________ Welcome to GRE! I'm your host, Keith Weinhold. When it comes to developing your personal brand to it's highest potential, what are those traps you might be falling into that have prevented you from doing so. And… There was once a construction worker in London and one day he realized that this just wasn't where he was meant to be in life. He contributes to the personal brand discussion today too… on this week's episode of Get Rich Education. ______________ Welcome to GRE! From Franklin, MA to Franklin, TN and across 188 nations worldwide… I'm Keith Weinhold. With more than 4 million listens, though you're tuned into one of America's longest-running and most listened-to real estate shows, today, it's about how to develop your personal brand which applies most anywhere. There are a few definitions of a brand. A more strict one is that a brand is an intangible marketing or business concept that helps people identify a company, product, or individual. OK, I guess that's pretty good. Another definition of a brand I've heard that I like is: "Your unique promise kept over time." That's what a brand is. A big part of keeping promises is doing what you say you're going to do. Therefore, it's a commitment. In my mind, a big part of that is keeping your appointments. If I'm going to collaborate with someone and we have a pre-determined date & time, I put that on my calendar and I would not change that commitment unless some inordinate or unusual circumstance came up. That person trusted me with their time and I trusted them with my time. If someone tells me later that they'd like to re-schedule with me, well, often I don't do it. With all the choices I have for spending my time, their wavering commitment doesn't really reflect so well on their personal brand. Also, other people would have liked to have that time with me & they couldn't get it because I already committed it to that person that wanted to cancel or postpone. People that have their act together, well-branded people, commit and show up on time. I'll give you an example of a well-branded person that keeps commitments - whether you like him or not, in my experience, that is, yep, Rich Dad, Poor Dad author Robert Kiyosaki. Robert & I have done a bunch of collaborations in the past, I used to be a writer for the Rich Dad Advisors, he's been a guest right here with us on the GRE Podcast four times. Not once have we tried to re-schedule or cancel an appointment on each other. Even if we plan something a month in advance, we keep it. We don't have to send each other reminders. It was put on our calendar at the time we made the appointment, so what more do you need? And you wonder why that guy is so successful. Well, one reason could be that he

For many, it's become a scary world with $5-$6 gas, soaring food prices, spiking rents, the medical system is still a mess, and wages aren't keeping up with inflation. Inflation is at a 40-year high of 8.6%. The Fed raised rates ¾%, the biggest jump in 28 years. For every $1M in real estate debt that you have, you're benefiting $86,000 each year due to your debt debasement. Affordability has become so bad for wannabe first-time home buyers that increasingly, they're becoming your renter. Many project rent growth to exceed home price growth this year. Rent.com's Rent Report shows a 26% annual rent increase nationally. Every 1% in a mortgage rate increase decreases a buyer's purchasing power by 12%. GRE's COO Aundrea Newbern, MBA joins me. We discuss our favorite RE information sources. Aundrea expects to diversify her RE portfolio into more markets. She's been focused on southeast Georgia. Some RE resources we use: www.city-data.com, US Census Bureau data, CNBC.com, HousingWire.com, FRED data, the MLS, AirDNA.co, GREmarketplace.com. When considering adding to your RE portfolio, simply talking to a Property Manager can be more valuable than the best website. Aundrea sees a balanced market at prices $250K+, and a sellers' market at prices below $250K in southeast Georgia. Days On Market (DOM), Sale-To-List Price Ratio discussed. LTRs are in high demand and low supply. STRs are saturated in many markets. Resources mentioned: Show Notes: www.GetRichEducation.com/402 Rent.com's Rent Report: https://www.rent.com/research/average-rent-price-report/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript: Welcome to GRE! I'm your host, Keith Weinhold. There's so much to pack into one show today - inflation at its highest rate in over 40 years, the Fed raising interest rates the most in 28 years, rents are going up fast, then GRE's COO Aundrea Newbern & I on our favorite REI resources. Today, on Get Rich Education. _______________________ Welcome to GRE! From Auckland, NZ to Oakland, CA and across 188 nations worldwide. This is Get Rich Education. I'm your host, Keith Weinhold. Before I discuss real estate, what's happening with inflation & interest rates is so exceptional that I want to cover this first. When the latest inflation reading came in at 8.6%, it dashed hopes that it's peaked. We have no evidence that it's peaked. And as I like to say, that 8.6% is just the level that the government is willing to admit to. It's really higher. It's the third month in a row that it has exceeded 8%. Treasury Secretary Janet "Grandma" Yellen has already warned of what she calls "unacceptable levels of inflation". And Yellen looks like my late Grandma Weinhold. Yeah, they look a lot alike. One difference though, is that Grandma was not wrong about inflation. Another difference between my grandmother and Yellen is that… Janet Yellen never gave me Star Wars action figures on Christmas like my Grandma did. Well, for many people, especially in the lower middle class, it's become a scary world with devastating $5-6 gas, soaring food prices and spiking rents. (I'll get to that shortly). The medical system is still a mess. Wages are up perhaps only 5%. Their quality of life is really suffering now. Libertarians point out that fiat inflation is theft of one's private property. You earned a dollar. Now your prosperity has been stolen. Sneaky shrinkflation is stealing from you too. Yeah, you're not imagining it, Gatorade has trimmed its 32 ounce bottles down to 28 ounces. A small box of Kleenex has shrunk from 65 tissues down to 60. Package sizes are shrinking faster than Lake Mead, all while producers charge the same price or more. That's what shrinkflation means. It's become an awful economic malady for consumers. So, let's talk about higher interest rates since that's what can keep inflation from soaring. Many interest rate types are based off of the Federal Funds Rate. Now, I like to look at history to see what typically happens in like scenarios. History doesn't tell you everything, but many people don't look at it. Rewinding three years, this rate was hiked up to 2.5% by early 2019… and the stock market was freaking out by then. Trump even demanded a rate cut. He got it and that, turned stoc

The housing market has calmed, but it's still strong. The homeownership rate of 65% is poised to fall these next few years. People must live somewhere. This should make for more renters. Mortgage delinquencies have fallen for seven straight quarters. The forbearance program kept people in their homes. "The Great Reshuffling" describes the US housing market since 2020. Inflation flips money upside-down. Focus on prudent borrowing, not saving. International Man Doug Casey joins us. He calls for a "Greater Depression" ahead. For consumers, the costs of energy, food, and housing have become crippling. Doug thinks that the decline of world economies will continue. World cities have more people living on the streets. He thinks that the Fed can't hike rates very high. It will result in too many debt defaults. Then how will inflation be curbed? Doug thinks you should save, but don't save in dollars. Are price controls coming? That's when the government tells companies that there's a ceiling on the price they can charge for their goods and services. We discuss what you can do to prevent being wiped out in a crisis. I discuss living well vs. austerity. Resources mentioned: Show Notes: www.GetRichEducation.com/401 More on Doug Casey: https://internationalman.com/ Current US debt level is over $30T: www.usdebtclock.org Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript: Welcome to GRE! I'm your host, Keith Weinhold. While much of America & the world keeps getting crushed by inflation, you're profiting from it. I provide you with a housing market update… then, as higher inflation reduces the quality of life for so many WORLD residents, today's guest gives both us a global and national perspective on the prospects for a DEpression, today on Get Rich Education. __________________ Welcome to GRE! From NYC's Brooklyn Bridge to Bainbridge Island, WA and across 188 nations worldwide, I'm Keith Weinhold. This is GRE! And it's Episode 401. Now, no, it's definitely not episode 401(k). No life deferral plans here! Uh, oh excuse me… they'e called… uh, tax deferral plans. Though life-deferral plans would be a more apropos moniker. I'm grateful that you're here for another wealth-building week. Now… asking an angry spouse to calm down is not exactly a tactic that's... effective. By now, Jerome Powell has been effective at raising interest rates to help America's housing market calm down. Though mortgage rates have inched lower in recent weeks, they're still 2% higher now than they were a year ago today. In fact, the rate rise from early March to early May was the swiftest that I've seen in my entire life. Rates scaled a wall. Clearly, this impacts affordability. The rate of property sales is a little lower now… off its peak. It's getting more Darwinian out there. The NAR estimates that 15% of wannabe first-time homebuyers will be priced out of the market this year. People have to live somewhere. If they can't own, they'll have to rent... or keep living in their parents' basement… that's an option for some people too. Right now, the homeownership rate is 65%... and that is pretty close to the average of the past few American generations. I'll tell you… that 65% homeownership rate is poised to fall faster than dogecoin. Well, what this likely falling home ownership rate means is that the renter pool should swell, putting more upward pressure on rents. That's what happens. If home ownership goes from 65% to 60%, then America's renter proportion basically goes from 35% up to 40%. You know how I've talked about how home prices rise first, then rent increases lag behind? Well, this is it. This is the place and time where rents catch up. With housing prices, are we set up for a recipe of "housing crash" or is it more like "housing calm"? Looking at purchase applications, demand is probably past its peak. But housing demand still drastically exceeds supply. Normal housing supply is about 1.5 million units. We've come up from a jaw-dropping paucity of 376,000 homes back in February. And it's still just 516,000 now (chart). We're only up a tad from famine-like levels. America still needs about 300% more inventory just to bring the market back into supply-demand balance. Housing supply is inelastic;

You often relate to other people when you show yourself as vulnerable and fallible. In many contexts, this is even better than acting professionally. Today's guest, "Miracle Morning" author Hal Elrod, tells us that people spend too much effort trying to impress others. When you give the most, it's liberating. "You SHOULD care about what others think of you. That's your reputation." -Keith Weinhold Once, Hal e-mailed friends, ex-girlfriends and colleagues to seek criticism about himself. That feedback hurt. Everyone wants change, but no one wants to change. Generosity, selflessness, and contribution foster meaningful relationships. I share that viewers were recently critical of my YouTube video. Hal admits that he believes that he's not a great listener. Hal strives to add value to every single person that he meets. Aundrea Newbern, GRE Operations Lead, joins us for milestone Episode 400. Resources mentioned: Show Notes: www.GetRichEducation.com/400 Hal Elrod's books and movie: www.MiracleMorning.com Hal's friend John Ruhlin's book "Giftology": https://www.amazon.com/Giftology-Increase-Referrals-Strengthen-Retention/dp/1732095604 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript: Welcome to GRE! I'm your host, Keith Weinhold. Being a person of value and building lasting relationships often comes down to self disinterest, empathy, and connection. You're going to build not just your wealth mindset, but your skillset. It's milestone Episode 400, today, on Get Rich Education! Welcome to GRE! From Cherry Hill, NJ to Cherry Springs Dark Skies Park, PA and across 188 nations worldwide, you're listening to one of America's longest-running and most-listened to shows on real estate investing. That's our major so to speak… with minors in economics and wealth mindset. I'm your host, Keith Weinhold. You probably know that after 400 episodes. Today's guest doesn't often do podcast conversations like this. But GRE's Operations Lead, Aundrea introduced me to "Miracle Morning" author Hal Elrod last year. So Hal is standing by, and then, a bonus, as Aundrea joins me near the end of the show today as well. Yeah, so here on milestone Episode 400, there aren't any balloons falling out of the sky or anything. It's an opportunity to expand your thoughts & mindset & skillset in a different direction that should benefit you both within real estate investing & your broader life outside of it - from relationships with your real estate agent to your spouse. In human relations, more than ever, people relate more to you as a vulnerable and even fallible person than they do as one that acts strictly like a professional in a lot of circumstances. The best way to show others in a business relationship (that you don't know very well) that you're a real human being & that loosens up both of you & make you laugh is when you go out of your way to point out that when you left home this morning… you've got mismatched socks on… and you make some joke about it… something innocuous yet relatable like that. Then there's handling ego and criticism in a way that makes you endearing and empathetic. And by the way, the definition of empathy is "the ability to understand and share the feelings of another person." Now, we get overwhelmingly positive feedback and comments about the show here… and I am grateful to you for that, whether it's through Apple Podcasts reviews, or where you can always reach out if you've got a question or concern or suggestion at GetRichEducation.com/Contact… or increasingly, we get more & more comments from you on our Get Rich Education YouTube Channel. There is a rather robust comments section there… … and there's one popular video that we have over there. It has more than 100,000 views and a lot of "Likes" and "Comments". And I was rather criticized for how I handled this video - it was an interview. Now, it was the type of video that crossed over, it didn't bring in our usual real estate investor crowd. It was kind of a hybrid crowd of geography & real estate. And, again, we get overwhelmingly positive feedback here. But the nice remarks aren't where you get the lessons, so… I got dozens of critical comments on this video… and these commenters were clearly critical of the way that

Have you ever met anyone that created wealth with stocks? I haven't. Why not? Inflation, emotion, taxes, fees and volatility are the reasons. I break this down. The Rule of 72 is what traditional advisers cite as a wealth-builder. I describe why this does not work. Learn why returns from stock and mutual funds are often less than zero. What really creates wealth? Leverage. Learn trade-offs between long-term rentals and short-term rentals. Zach Lemaster joins us. A licensed optometrist and captain for the US Air Force, he's become financially-free through real estate. We discuss the pros and cons of owning "Build-To-Rent" new construction income properties. It takes patience during the build process. Find Build-To-Rent income properties by e-mailing GRE's Investment Coach: [email protected] Resources mentioned: Show Notes: www.GetRichEducation.com/399 Get income properties by e-mailing GRE's Investment Coach: [email protected] When I interviewed the 401(k) inventor: https://www.getricheducation.com/episode/197-inventor-of-401k-ted-benna-joins-us/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript: Welcome to GRE! Why Don't Stocks Create Wealth? After answering that, learn about some tradeoffs between LTRs and STRs, and the pros & cons of getting a construction loan and new-build rental properties. Today, on Get Rich Education. ____________________ Welcome to GRE! From Hialeah, FL to Haleakala, HI and across 188 nations worldwide - that's almost all of them - I'm Keith Weinhold. This is Get Rich Education. I find it interesting that there are still smart people out there who think that stocks create wealth. Everyday people could create wealth just by investing in stocks or mutual funds or ETFs? I'll tell ya. I have never met anyone in my entire life that has become wealthy from investing in these vehicles. Now, that's something that shouldn't offend stock adherents. That has been my personal experience. Just asking around here at GRE a bit, I found that our Content Manager, Matthew… he said that he once knew just one person that did get wealthy with stocks… and that is because that person's company IPO'ed. OK, well that's worth knowing. But as for everyday investors, what one might call a retail investor that buys and owns Apple stock or Amazon stock or bought the S&P 500 Index fund from a big mutual fund company… I mean… do you know anyone that ever created wealth from stocks? Or do you even know anyone that ever knew someone that created wealth with stocks. I'm talking about creating wealth. For example, someone that started at a level of either "just getting by" or starting at a level of "middle class" and then transitioned to "wealthy", simply through shrewd and savvy stock investing. I think a lot of people invest in stocks just because that's what the herd does. But they never ask themselves at all… "Have I actually met anyone that's ever created wealth from stocks?" And if you run with the herd, you don't get ahead. So why is this? How come virtually no one gets wealthy with stocks? Well, look. We all learn and understand the world through different lenses. I'm about to share the thought paradigm that shifted my own personal journey… and why I have not personally - or through an LLC - or in any way, owned any stock, or mutual fund, or ETF since the year 2014. Right now, major stock indices are flirting with bear market territory. This means a value loss of 20% from a recent peak. Recently, the Dow Jones posted its eighth straight weekly loss. That's its longest weekly losing streak since 1923. Could we say that misery loves companies? Big Tech has shrunk to Medium Tech. Even staid reliables like Apple, Target, and Walmart are tanking. Other than a one-month virus "flash crash" in March of 2020, many Millennials and Gen Zers have zero experience with a sustained bear market. None have occurred for thirteen years, which is an unusually long time frame. Perhaps these investors will "sell low"; maybe they'll stay the course. Now, investing in the stock market is so common - and so herdlike - that if you're talking in a general conversation and say: "the market" - people just assume that you mean the stock market. Well, shouldn't "the market"

Are "coffin homes" coming to the United States? This is concerning. Housing is so expensive that people live in cocoons. A new Biden plan makes efforts to increase American housing supply. Finally! We need help on the supply side, not the demand side. I explore recession prospects with you. During 7 of America's 8 recessions (over the last sixty years), home prices only fell once. What Really Matters: "If you had invested $1,000 in JP Morgan in 1882, you'd be dead today." You can borrow against your RE portfolio's value with a cash-out refinance, tax-free. It's like "lump sum cash flow". Add properties to your portfolio through our international network at GREmarketplace.com Resources mentioned: Show Notes: www.GetRichEducation.com/398 GRE Video: What Really Matters https://youtu.be/Yhkvjg-gj9Q California's Cocoon-Like Pods: https://www.cbsnews.com/news/sleeping-pods-startup-800-a-month-brownstone-shared-housing/ Biden's plan to increase American housing supply: https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/ American Median Home Price Since 1963: https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Will you be banned as a real estate investor? Some jurisdictions consider adopting this stance to keep soaring prices in check. Some workers cannot afford to return to the office. If they leave home, they would have new expenses for gasoline, meals, parking and the big one—child care. Of the "5 Ways Real Estate Pays", historically: three are now high, one is low, and one is the same. Caeli Ridge joins us. She's the President of Ridge Lending Group. They specialize in income property loans. Despite higher mortgage interest rates, investor-centric mortgage companies like Ridge haven't seen much decline in business. Learn why. Their "All-In-One Loan" can reduce the amount of property interest that you pay over time. It's a 30-year line of credit with high flexibility. Use Ridge's All-In-One Loan Simulator to see if you save: https://ridgelendinggroup.com/aio-loans/ We discuss interest-only loans (which I like) and negatively amortizing loans. The latter got borrowers in trouble during the Global Financial Crisis; LTVs were as high as 115%. Interest rate lock periods are up to 90 days at Ridge. Investing out-of-state is easy. A mobile notary comes to your home, office, or even on vacation at a resort. Ridge helps you sequence your investor loans, taking a long-term, holistic approach to your financial freedom. Resources mentioned: Show Notes: www.GetRichEducation.com/397 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE All-In-One Loan Simulator to see if you save: https://ridgelendinggroup.com/aio-loans/ Dallas' proposal to limit REIs: https://www.businessinsider.com/hoas-and-legislators-consider-taking-action-against-real-estate-investors-2022-5 JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

The mad scientist of multifamily is here today. Neal Bawa is a data scientist. He keeps emotion out of real estate for investors in his $947M portfolio. He believes that higher mortgage interest rates are a smaller obstacle than the Fed's currency creation and destruction. He says: "Accept the risk." We discuss investor confirmation bias. Neal thinks American cash flow will keep diminishing. Of all emerging trends, Neal believes that the work from home trend is among the most substantial. Learn more about Neal at www.MultifamilyU.com or by searching "Neal Bawa". The blockchain is a digital ledger. It allows everyone to access information publicly and securely. It allows for the democratization of information. Blockchain looks to disrupt the real estate title industry. Exorbitant title insurance fees could go extinct. Tokenization is easier with blockchain. This means that you can sell real estate shares without friction. Institutional investors are poised to own more of the real estate market, taking share from mom-and-pop operators. Resources mentioned: Show Notes: www.GetRichEducation.com/396 Neal Bawa's resources: Google search "Neal Bawa" Grocapitus.com MultifamilyU.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Rents are spiking 13-15% annually in America today. When they rise, they rarely ever fall again. This is why rent amounts are called "sticky". Learn why. Even when I was a landlord during the GFC fifteen years ago, my rents didn't fall. Rents are skyrocketing due to: Low housing supply Higher prices Higher interest rates Demographics. 25-34 year-olds are in prime household formation years. They want their own place. This is America's most populous age cohort. Next, I talk with an Alabama / Florida builder about how he overcomes today's material supply chain and labor shortage difficulties. They have a 93-day build time. How? They store windows so that they cannot run out. Cabinets have been a problem so bad that they've had to leave homes 99% complete until cabinets were ready. Lumber and petroleum product price volatility has been a challenge. They have their own division for titling vacant land for future building. Alabama has America's 2nd-lowest property taxes. As an out-of-state investor, you get to pay property tax in the state where you own property, not where you live. To get started with Alabama income property, start at: www.GREmarketplace.com/Alabama This build-to-rent provider uses fixtures like: LVP, granite or quartz countertops, stainless steel appliances. LTRs and STRs will be available shortly. Start at: www.GREmarketplace.com/Alabama Resources mentioned: Show Notes: www.GetRichEducation.com/395 Get started with new-build AL & FL long and short-term rentals: www.GREmarketplace.com/Alabama Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

The housing crash is 100% certain. That's because it's a supply crash, not a price crash. I define a price crash as a loss in valuation of 20% or more. Here are the bubble factors that I consider in today's show: Price, inflation-adjusted price, interest rates, affordability, bond yields, personal incomes, foreign buyers, equity position, housing supply and more. From 2018 to 2022, I tell you about my recent housing forecast history. Redfin shows us signs of a housing market slowdown. For Jacksonville investment property, start here: www.GREmarketplace.com/JAX Properties that don't cash flow with a 20% down payment often do with a 40% down payment. But your leverage falls from 5-to-1 down to 2.5-to-1. Jacksonville has low cost properties, favorable climate, strong population growth, and growing industries like the Port Of Jacksonville. Get started with Jacksonville property at: www.GREmarketplace.com/JAX Resources mentioned: Show Notes: www.GetRichEducation.com/394 Get started with Jacksonville property: www.GREmarketplace.com/JAX Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

One niche that people are passionate about is investing in self-storage facilities (SSF). SSFs are recession-resilient and there's less to maintain. Your "tenants" are often cardboard boxes, not humans. This makes it easy to manage. Tenants often expect to stay for 6 months, but stay for 3 years. A 10 x 10 storage space might rent for $200. You could increase the rent by 10% to $220. They won't move out due to a $20 increase, but you got a 10% rent hike across all your units. The best SSF locations are accessible, for example, near an expressway interchange. SSFs are little more than 4 pieces of sheet metal, a floor, and a door. You can invest alongside today's SSF expert guest, Dave, at: www.gremarketplace.com/selfstorage This business model: Buy property from a mom-and-pop operator, add size and scale, and sell to a REIT, all in a 3 to 6-year span. One must be accredited and invest at least $50K. Investors receive reports quarterly. SSF cash flow is modest, typically 3-7%. This is an equity play, where you could 2-3X your funds on the sale at exit time. Learn more and get started at: www.gremarketplace.com/selfstorage Resources mentioned: Show Notes: www.GetRichEducation.com/393 Get started. Learn more about self-storage investing: www.GREmarketplace.com/selfstorage Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Why are home prices surging? I've got 10 big reasons and break down every one. Some reasons are not obvious. America's residential loan-to-value ratio is just 31%. Interest-only loans are my favorite loan type. You don't need to make any principal payments. Most people think interest-only loans awful. I explain why they're often so advantageous. You meet GRE's Investment Counselor, Naresh Vissa. For off market property, e-mail him at [email protected]. Naresh's service is free to you. He guides you through the purchase process. He owns 8 properties in 4 states himself. Contact Naresh. GRE has 50+ properties available today - SFR up to 5-plex, LTR, STR, and more. Resources mentioned: Show Notes: www.GetRichEducation.com/392 E-mail GRE's Naresh Vissa for off-market property: [email protected] Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "GRE" to 307-213-3475 or: eQRP.co By texting "GRE" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Make passive income with apartment and other syndications: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Uncertainty is high. Inflation is spiking, supply chains are unreliable, and COVID keeps hanging around. Russia's invasion of Ukraine threatens to make inflation and supply chain reliability worse. Amidst this backdrop, today's guest, Richard Duncan, discusses prospects for a US recession. Richard reiterates that the US needs credit growth of at least 2% annually (inflation-adjusted) to avoid a recession. In a recession, nearly every asset class would be affected. The wealth-to-income ratio's importance is discussed. The Fed has begun hiking interest rates. They soon plan to begin destroying dollars with quantitative tightening. Richard wrote a new book, The Money Revolution. It includes a history of the Fed, and points out that China is positioned to become more powerful than the US. But the US can stay in power if it creates tons of money in order to finance infrastructure, green energy, biotech, nanotech, and more innovation. Richard maintains that capitalism no longer drives the economy. It's "creditism" and "consumerism". I ask Richard about the risk of creating more dollars than production and innovation. Contrary to seemingly everybody, Richard believes that the Fed is a force for good. Resources mentioned: Show Notes: www.GetRichEducation.com/391 Get MacroWatch for a 50% discount with the code "GRE": www.RichardDuncanEconomics.com Richard's new book: The Money Revolution Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "RICH" to 307-213-3475 or: eQRP.co By texting "RICH" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Now you have to earn your money twice. The first time is when you work for it, the second time is when you must invest it to beat inflation. My explainer on why higher interest rates slow inflation. "Inflation is legalized counterfeiting. Counterfeiting is criminalized inflation." -Robert Breedlove When wages don't keep pace with inflation, I explain why it destroys families. We compare short-term (STR) and long-term rental (LTR) property in southwest Florida. Get started with buying properties yourself at: https://gremarketplace.com/SouthwestFlorida Of course, Florida is an in-migration hotbed. Home price appreciation and rents are both 10%-20%+ year-over-year. Today's LTR tenants seek: infill lots, more square footage, an extra bedroom / den, and grocery store proximity. STR tenants want a pool. You really make your money November through April. LTRs have more recession resistance than STRs. LTRs have more predictable, year-round income. STRs often have $4,000-$5,000 a week of rent income. They have a 20% management fee. You can charge the tenants a cleaning fee. You owe utility costs and ~$100 monthly yard maintenance. Single-family rental properties are 1,500-1,900 sf on a ¼ acre lot, LVP flooring, granite countertops, stainless steel appliances, 9'4" ceilings, and concrete block exterior walls. Pricing is in the low $300Ks to low $400Ks. Long-term rents are $2,000-$2,400 / month. To get started with buying single-family homes and duplexes (long-term and short-term rentals) in southwest Florida, start at: https://GREmarketplace.com/SouthwestFlorida Resources mentioned: Get started with SW Florida long-term and short-term rentals: https://GREmarketplace.com/SouthwestFlorida Show Notes: www.GetRichEducation.com/390 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "RICH" to 307-213-3475 or: eQRP.co By texting "RICH" to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Bitcoin Beach is a real world place. It's in the tropics and has zero property tax. It's on the Pacific Ocean. It reminds many of coastal California, but without the sky-high prices. Both bitcoin and the US dollar are legal tender here. Unlike the US, there is zero capital gains tax on bitcoin. A beautiful 40-acre property is being developed on a hill overlooking Bitcoin Beach. Besides luxury homes, condos, and tiny homes, the property plan includes Pacific views from every unit. Home sizes can range from 300 sf up to 10,000 sf. Novel concepts are planned in the community: a gym that powers energy for bitcoin mining, earth embed homes, aquaponics eco-farm, orchards, gardens. More common amenities like a pool, restaurant, and bar are planned. Get started with Bitcoin Beach real estate at: https://gremarketplace.com/BitcoinBeach There's an option for residency in a second nation for you. Resources mentioned: Get started with Bitcoin Beach real estate: https://gremarketplace.com/BitcoinBeach Show Notes: www.GetRichEducation.com/389 Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Today's high inflation rate is poised to go higher. The latest CPI was up 7.9%. Home prices hit an all time high of $364,000 per Redfin, up 16% annually. Safety factors, building restrictions and the environmental movement all contribute to higher home prices and more homelessness. Larry Reed, the longtime former President of FEE - the Foundation for Economic Education - joins us. He believes that free market principles incentive the best of human behavior - prudent risk-taking, hard work, innovation, and ethics. Larry is an expert on the Great Depression. He relates those lessons to today's economy. We discuss real estate, economics, inflation, interest rates, and taxes. Learn about the danger of the government "giving away free stuff". One fault with government intervention is favorable short-term action that results in long-term destruction. Resources mentioned: Show Notes: www.GetRichEducation.com/388 Foundation for Economic Education: www.fee.org Lawrence W. Reed's website: www.lawrencewreed.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

The greatest tax gift that your government gives real estate investors could be the 1031 Like Kind Exchange. This allows you to defer your capital gains tax and depreciation recapture. There is no limit to the number of times that you can do this during your lifetime. You can make millions more with 1031 Exchanges. But there are some specific rules to follow, like the 45-day identification period and 180-day timeframe in which to close upon replacement property. You must use a Qualified Intermediary (QI) to facilitate your exchange. Learn the pitfalls that nullify one from doing an exchange. This is a highly educational show. Resources mentioned: Show Notes: www.GetRichEducation.com/387 Get started with a 1031 Exchanges: www.GREmarketplace.com/1031 Sign up for our free "Don't Quit Your Daydream" newsletter: www.GetRichEducation.com/Letter Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Residential and warehouse real estate have been two hot sectors. With spiking house prices, investors are pushing out first-time home buyers. This increases the size of the renter pool. Historically, when mortgage rates rise, so do home prices. It's the opposite of what most people think. For income property loans, get started at: RidgeLendingGroup.com Learn what it takes to qualify for a conventional loan on investment property: down payment, credit score, debt-to-income ratio, etc. There's an update on today's refinance climate. Appraisals are generally keeping up with today's hotter appreciation rates. Learn about the easiest loan to qualify for that you've potentially ever experienced - the "DSCR". Resources mentioned: Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE Sign up for our free "Don't Quit Your Daydream" newsletter: www.GetRichEducation.com/Letter Show Notes: www.GetRichEducation.com/episode/386 JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Inflation hit its highest since 1982. The government admits that the CPI is now 7.5%. Even if your wages don't keep up proportionally with inflation, learn about how to profit from inflation with real estate. What happens when your tenant can't afford today's higher rents? You get answers. Get my prediction on what will happen in a higher interest rate environment. Our COO Aundrea Newbern, MBA, joins us. She tells us about the snowball effect of scaling up your real estate portfolio. In a tight market with low real estate inventory, rather than the buyer waiving their inspection, it's often better to shorten your due diligence period. Aundrea tells us how to pay yourself a W-2 salary through your LLC. This helps you qualify for more mortgage loans. E-mail Aundrea about finding Georgia income property at: [email protected] Resources mentioned: Sign up for our free "Don't Quit Your Daydream" newsletter: www.GetRichEducation.com/Letter Show Notes: www.GetRichEducation.com/episode/385 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

A laid-back lifestyle in a tropical climate typifies "Margaritaville". Margaritaville is a popular and flourishing real estate brand. There's also short-term rental income stream for you here. A new location is opening in Belize. It is closer to more of the US than Hawaii, and with warmer water. It has the largest reef in the hemisphere, good for snorkeling, diving, and fishing. This under-construction project has Caribbean beachfront. The partners with the development are the largest private employer in Belize and the nation's largest law firm. Learn more about owning a Margaritaville villa in Belize at: www.GREmarketplace.com/belize My guest & I discuss the lifespan of tourist locales. They emerge with visits from young backpackers. Later in the cycle, once "discovered", it matures into visits from affluent tourists. This is a rare opportunity for an everyday investor to partner with a strong brand - Margaritaville. You can own a villa, use it for a few weeks a year, and rent it out for the remainder of the year. You can leverage Margaritaville's STR management partner. Prices start in the low $200Ks. Real estate contracts are brief and written in English. In Belize, you don't need title insurance. The government backs all titles. In-person tours are available and encouraged. Our show guest really wants to show you Belize. Learn more and get started at: www.GREmarketplace.com/Belize Resources mentioned: Get started with this opportunity at: www.GREmarketplace.com/Belize Show Notes: www.GetRichEducation.com/episode/384 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Housing prices surged 20% annually. Rents have now caught up, rising 19.3%. New homebuilding hit a 45-year high. There are three ways to measure housing market vibrancy: months of available inventory, sale-to-list price ratio, and days on market (DOM). The level of available housing is now just one-fifth of what it needs to be. A new poll shows that "work from home" trends benefit both bosses and employees. I tell you about my Ecuador trip. Our Operations Lead, Aundrea Newbern, MBA interviews me about real estate and my personal life. Resources mentioned: Show Notes: www.GetRichEducation.com/383 Today's American housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Video: Fitness & Financial Freedom, Age: https://youtu.be/jqxjEFC_CYM To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

A high school teacher reveals the sad state of financial education today. Most students still think the path is: go to school, get good grades, go to college, get a job, work until you're 65, and then start enjoying life. Dan Sheeks is a Denver, Colorado-based high school teacher and real estate investor. He enjoys working with teenagers. He also volunteers for the Colorado Attorney General to advance financial education. Just last month, Dan released a book with Bigger Pockets: "First to a Million: A Teenager's Guide to Achieving Early Financial Independence". See it here. He discusses solutions for teenage financial independence: 1) When you turn 18, get your first credit card 2) "House hack" real estate by age 21 3) Good debt vs. bad debt - do teens understand? 4) Mindset 5) Avoiding mistakes like "meme coins" 6) Saving Dan tells us the two main reasons why there's a pathetic lack of financial education in school today - funding and politics. Resources mentioned: Show Notes: www.GetRichEducation.com/382 If you have a child, get Dan's book: First to a Million: A Teenager's Guide to Achieving Early Financial Independence Dan Sheeks' online community for young people: www.SheeksFreaks.com Dan Sheeks' e-mail (It's OK to message him): [email protected] To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

There are two main ways to create wealth. Debt-free is not one of them. If you only use your own money, you'll stay small. Learn why most investments are like baseball cards. One market in America has such astounding resilience that prices were hardly dented in the 2008 financial crisis. Median home prices are still below $300K here today. Dallas-Fort Worth now spans 11 counties, with 7.6M people. This real estate provider focuses on the DFW suburbs. That's where the growth is happening. Importantly, they use a plan for mitigating their higher Texas property taxes. Housing here appears undervalued and underpriced. People are often underhoused. Due to supply shortages, next day appliance delivery has disappeared. This real estate provider has plenty of available inventory right now. They offer you in-house property management at 6.5%. SFR prices are $160K-$225K. This is an actionable resource where you could buy property and benefit from the five ways you're paid at: www.GREmarketplace.com/Texas Resources mentioned: Show Notes: www.GetRichEducation.com/381 Get started with Texas property: www.GREmarketplace.com/Texas To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

You've been making $438 each night in your sleep. That's one result if you've been following my plan. I compare real estate's annual performance to: stocks, gold, silver, bitcoin, bonds, and oil. This state ranked 3rd in Moody's Housing Affordability Index, has the 7th-largest domestic economy, and is a two-hour flight from 75% of the US & Canada. This state is also home to offices for Google, Facebook, Carvana, and more. In 2020, it ranked 4th of 50 states in U-Haul's net in-migration. You can still achieve a full 1% rent-to-value ratio here. Get started at: gremarketplace.com. Today's guests own a turnkey company with three models: Signature Series - fully renovated Instant CashFlow Series - occupied, not rehabbed Equity Advantage Series - vacant, not rehabbed This provider has stopped charging leasing fees for property management. Remarkable. Resources mentioned: Show Notes: www.GetRichEducation.com/380 Get started with Ohio property: www.GREmarketplace.com/Cincinnati www.GREmarketplace.com/Dayton Check out Flip & Dani Lynn's new podcast: Freedom Through Passive Income To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

A homeowner's average equity position is now $294K. That's what the median home value was not long ago - now it's one's equity. I give a quick recap of major economic and real estate events this past year. Last year, there was an average $56,700 of equity growth per property. Our new website, GREmarketplace.com is rolling out. Register and get access to all of our: turnkey providers, pro formas, and sample properties. See videos of us interviewing property managers too. Jeff Deist, President of the Mises Institute joins me. The Mises Institute champions liberty and free market principles. Learn more about them at www.Mises.org Jeff & I discuss: real estate and rental markets, inflation, work from home, cash, low interest rates, debt. I ask Jeff how long he thinks we'll see real price inflation through the 2020s decade, and prospects for a double dip recession. Get our free wealth-building "Don't Quit Your Daydream" Letter. I write it myself: www.GetRichEducation.com/Letter Resources mentioned: Show Notes: www.GetRichEducation.com/379 Mises Institute website: www.Mises.org To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

With higher property prices, what rent-to-value ratio makes sense today? I answer this thoroughly. Lower RVs make sense today due to: lower interest rates, new-build properties, the timing of equity harvesting and more. GRE Marketplace is coming soon. Tom Wheelwright joins us to help you reduce your property tax and cryptocurrency tax. Learn why some states have higher property tax than income tax or vice versa - CA, TX, NY, NJ, AK, and more. Many property tax professionals only get paid based on how much they reduce your property tax. Learn what works in actually getting your property tax reduced: comparables. In cryptocurrency, you are taxed on either a sale or an exchange - not just a sale. For example, if you trade bitcoin for ethereum, you have a tax consequence. If you buy a $3 cup of coffee with crypto, that is usually taxed. Miners of crypto are taxed when they mine it, not only when they sell it. Crypto is taxed at capital gains tax rates. Tom does not believe that crypto will be outlawed in the US. Rather, it will be regulated through taxation and reporting. Get our free wealth-building "Don't Quit Your Daydream" Letter. I write it myself: www.GetRichEducation.com/Letter Resources mentioned: Show Notes: www.GetRichEducation.com/378 Tom Wheelwright's website: www.WealthAbility.com Tom's popular book (I've read it): Tax-Free Wealth To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

I sold an eight plex apartment building for $789,000 last week. Learn lessons from my sale. Dr. Randall Wray joins us to discuss where our economy is headed. He tells us about inflation, taxes, interest rates, and supply chain disruption dynamics. Is Modern Monetary Theory (MMT) a utopia or disaster? Taxes remove currency from the economy. This reduces inflation. What about Universal Basic Income (UBI)? This basically means writing regular monthly checks to every citizen. Dr. Wray has strong opinions here. Rapid currency creation and inflation is explored. Dr. Randall Wray provides his recipe for full employment and stable prices. It includes his answer of a "job creation program". Resources mentioned: Show Notes: www.GetRichEducation.com/377 Learn more about Dr. Randall Wray: www.levy.org Bill Mitchell's MMT blog: http://bilbo.economicoutlook.net/blog/ To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Tax The Rich. Learn how this theme is gaining traction in Congress. Wealthability's Tom Wheelwright joins us. Which taxes make sense: property tax, consumption tax, flat income tax, progressive tax? In Tom's opinion, learn why flat taxes will never happen. Oh no! A new 3.8% net investment income tax on business owners appears likely. Will the 1031 Exchange benefit survive? Next, The eQRP Company's Damion Lupo joins us. He tells us that the Checkbook IRA has been outlawed. The eQRP is the retirement plan answer. It has: 10X the contribution limits of Traditional and Roth IRAs, zero UBIT tax, and you can invest in real estate, bitcoin, gold, or your own business. Resources mentioned: Show Notes: www.GetRichEducation.com/376 Tom Wheelwright's Wealthability: Wealthability.com To learn more about eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

To get a rent increase, learn what NOT to tell tenants. Memphis, Tennessee's Mid South Home Buyers has supplied more property for GRE followers in history. The longest-tenured GRE providers, Terry Kerr and Liz Brody tell us how they built and maintain this 20-year-old turnkey real estate investing company. They start with buying the ugliest house on the block. Rents & prices on SFRs in Memphis, TN: $675-$1100 and $79K-$120K Rents & prices on SFRs in Little Rock, AR: $800-$1300 and $90K-$130K You can get started with buying investment property yourself at: MidSouthHomeBuyers.com. They're popular. There's a wait list. Resources mentioned: Mid South Home Buyers: www.MidSouthHomeBuyers.com Show Notes: www.GetRichEducation.com/375 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Doug Casey tells us that freedom and liberty don't mean much anymore. "America is no longer the land of the free." -Doug Casey, GRE Podcast 374 He believes that a tax protester is a patriot. Doug also believes that roads, bridges, ports and schools should be run by the private sector, not governments. "Regulation is the enemy of landlords and tenants." -Doug Casey, GRE Podcast 374 Doug is a prolific author. He produces the International Man website, blog, and newsletter, and a YouTube podcast called "Doug Casey's Take". Resources mentioned: Doug Casey's website: InternationalMan.com Show Notes: www.GetRichEducation.com/374 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Learn why I believe US home prices will rise 9-10% next year. That's higher than historic norms and lower than this year. Expect higher mortgage interest rates too. Counterintuitively, higher mortgage rates correlate with higher housing prices. Higher rates also correlate with lower supply. Today, inflation (6.2%) is double of mortgage interest rates (3.1%). This means that when you repay the bank, those dollars debase on them twice as fast as the bank's interest charges can accrue on you. Since 1994, mortgage rates have risen six times. House prices rose every time. Next year, the same thing is expected to happen; it will be seven in a row. I explain why higher rates correlate with lower housing supply. Housing supply has dropped an astounding 63% from two years ago. That's the housing crash; it was a supply crash. Resources mentioned: Today's low housing supply: https://fred.stlouisfed.org/series/ACTLISCOUUS Show Notes: www.GetRichEducation.com/373 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Real estate investing and geography are both: location, location, location. Economic guru and geopolitical strategist, Peter Zeihan, walks us around each US region to describe its economic strengths, weaknesses, opportunities, and threats. "The next 24 months will be the greatest period of change that we have seen… at least since the second World War." -Peter Zeihan Get your map out. We discuss the US: New England, Mid-Atlantic, Southeast, Deep South, Great Lakes, Ohio, Texas, Great Plains, Intermountain West, California, Pacific Northwest. Learn the three best states that are attracting foreign direct investment. Peter loves Houston, Texas' economic future. Resources mentioned: Learn More About Peter: Zeihan.com Show Notes: www.GetRichEducation.com/372 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

I talk with the person who I lend money to in order to rehab distressed properties. We discuss how it works and the 6-12% annual returns. Importantly, many properties are secured in stable, cash flowing Ohio and around the Midwest and South. SFHs are common. You are the lender, not the borrower. Get started at: GetRichEducation.com/Lending Unlike owning a rental property where a tenant pays you to live there… a private lender program means that someone pays you to "rent out" the use of your money, typically for a year or less. The operator, Dani Lynn Robison of Freedom Capital Investments in Springboro, Ohio, tells us how she has never lost an investor's money. They have always paid back the lenders' initial investment, plus interest, as agreed. Learn about investing on the "debt side" of real estate rather than the "equity side" with private money lending at: GetRichEducation.com/Lending Resources mentioned: Learn More & Get Started: www.GetRichEducation.com/Lending Show Notes: www.GetRichEducation.com/370 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Buying a huge $5M apartment building is daunting to most people. We discuss how you get the money and experience for this. Investor vocabulary explained: Capital stack, General Partner, Limited Partner, Non-recourse loan, Acquisition fee. Owning a duplex is different from owning a 200-unit building. With the latter, you'll have private investors, an on-site manager, and perhaps Yelp reviews to manage. Advertising is different. Our guest, Michael Blank, emphasizes the importance of doing your first deal - big or small. Do it. That's when the real learning begins. Michael excels in teaching you how to find other investors to fund your big apartment deal. To start, merely educate others. Don't ask for money. Get started in learning more with Michael at: GetRichEducation.com/Apartments Resources mentioned: Get started with Michael: www.getricheducation.com/apartments Show Notes: www.GetRichEducation.com/370 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New-Build Florida income property is here: GetRichEducation.com/SunshineState New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Will Rogers said, "Find out where the people are going and buy the land before they get there." Florida in-migration has been a persistent trend since the late 1800s. Again, Florida led US in-migration between 2020 and 2021. I interview a Florida property provider that I have heard other developers comment about, saying: "I don't know how they deliver such low prices." You don't have to pay agent markups. Buy direct. These are new-build SFRs up to four-plexes. Get the report and connect with the provider at: GetRichEducation.com/SunshineState These Build-To-Rent properties are in central Florida, including Palm Bay (halfway down the Atlantic coast), Ocala, The Villages (both nw of Orlando) and more. Growth of industry has been both varied and substantial: medical, technology, finance, international trade, agriculture, aerospace, and more than just tourism. Amazon, Space X, and Blue Origin all have a substantial presence. This is path of progress real estate investing. Recent sample property: New-build SFR, 3/2/2, 1,400 sf, concrete block construction, $225K sale price and $249K appraisal. (Appraisals don't always exceed sale price; that's a wider gap than usual.) Build-To-Rent advantages: everything is new, warranties, higher tenant retention, location, provider buys in bulk, built-in equity, lower insurance cost. These new-build properties are on both infill and contiguous lots on tracts of land. SFR communities often have amenities like pickleball courts, swimming pools, and gyms. Tenant demand is so high that this provider gets first & last month's rent for you in addition to security deposit. Get actionable. New-Build Florida income property (with property management) is available here: GetRichEducation.com/SunshineState Resources mentioned: Show Notes: www.GetRichEducation.com/369 New-Build Florida income property is here: GetRichEducation.com/SunshineState Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

One question that I'm asked is: "How do I actually buy an investment property?" I'm going to walk you through it all today, step-by-step. You know, even after I bought my first property, it would have been difficult to recite all the steps. This is partly due to the process's 30-60+ day duration. Though real estate has made more ordinary people wealthy than anything else, it is illiquid. [Watch the video version of this podcast here: https://youtu.be/9jH4_-Bwujs ] It takes more time to buy and sell real property. There's no brokerage "point-click-done" or Robinhood swipes here. This is both a good and bad thing. Because there are several steps involved, there is no panic selling in real estate. This illiquidity keeps real estate prices more stable than nearly any other asset class. This stability (via illiquidity) is one reason why real estate comprises the heart of so many wealthy peoples' portfolios. Real estate prices are a smooth, glassy lake compared to the raging sea storm of volatile gold, silver, cryptocurrency, oil, and stock markets. In under 28 minutes, I lay out every step that you must know for buying rental property. This masterclass-level instruction comes to you without paywalls or logins. I've made it public and free. It includes: Myriad mistakes to avoid Improving your credit report and score A clever way to show a higher income to underwriters Where I get my loans Market selection Property due diligence Making an offer Get an inspection (Always!) Appraisal Signing a Management Agreement Property Closing Own and collect rent (Cha-ching! Finally.) More Resources mentioned: Show Notes: www.GetRichEducation.com/368 Watch the video version of this podcast here: https://youtu.be/9jH4_-Bwujs Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

I'm in Birmingham, Alabama for a real estate field trip today. Alabama is an investor-advantaged real estate market: low cost of living, some of the nation's lowest property taxes. Mindset: I tell a story on affording the time. One of the most prolific real estate authors, Ken McElroy, joins us. I ask him about what happened to his 2021 housing crash prediction. Ken & I discuss why there haven't been more evictions since the national eviction ban ended. We explain why don't believe this will be massively disruptive. It matters. But to me, evictions will be a diffuse condition, not a sudden one. Sadly, if a tenant owes their landlord tens of thousands of dollars, they'll rarely pay. Ken describes how he's actively buying big real estate deals in today's environment. Ken gives a new "mark my words" prediction today. Resources mentioned: Learn more about Ken McElroy: www.KenMcElroy.com Birmingham, AL investment property: www.GetRichEducation.com/Birmingham Huntsville, AL investment property www.GetRichEducation.com/Huntsville Show Notes: www.GetRichEducation.com/367 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Landlords collect rent payments. "Lienlords" collect mortgage payments. Learn how to obtain a stream of mortgage payments by owning the note (an IOU). I tell you why banks would sell mortgage notes. Learn the difference between performing and non-performing mortgage notes. Bob Fraser from Aspen Funds joins us to tell us more. Fewer borrowers defaulted on their mortgage payments in-pandemic due to forbearance. Learn why a bank will sell you a mortgage note at a discount. What happens when a borrower stops paying their mortgage. There are either first lien or second lien positions to occupy. You wouldn't expect this, but second liens can often be better due to their deep discounts. Resources mentioned: Learn more about Aspen Funds: www.AspenFunds.us Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/366 JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Learn how to qualify for an income property loan today. We discuss what just made mortgage interest rates for investment property drop 1% overnight. First, I discuss the difference between adequate safety vs. too much safety for tenants in investment properties. Too many safety regulations have a cost that gets passed onto tenants and even increases homelessness. Caeli Ridge, President of Ridge Lending Group joins me. A few weeks ago, mortgage interest rates for income property fell a full 1% due to the suspension of added risk layers that were added back in March. For an income property loan, you need: 1) 15-20% down payment and ~4% closing costs. 2) Credit score of 680 or better, 3) Show sourced & seasoned liquid assets, and 4) 50% maximum debt-to-income ratio. There are pros and cons of paying monthly PMI. Today's "typical" income property interest rate = 3.75%. What happens when you try to get more than 10 income property loans? We discuss the terms, called "non-QM" loans. Get started on your income property loan at: www.RidgeLendingGroup.com Resources mentioned: Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/365 JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

When money supply is high, this lowers interest rates. I explain why. Interest rates & inflation are positively correlated. Interest rates are usually higher. This upside-down today. When interest rates rise, real estate prices rise too (Yes, not fall). Learn why. Join me this Thursday, Sept. 30th, for a live Texas Properties webinar. Learn more here: www.GetRichEducation.com/Texas Brien Lundin, organizer of the world's longest-running investment conference, joins me. It's the 47th Annual New Orleans Investment Conference. He's also editor of the Gold Newsletter. I will attend the event in-person. Meet me Oct. 19th to 22nd. Sign up here: New Orleans Investment Conference. Brien does not believe interest rates will rise appreciably anytime soon, nor will the Fed taper. He feels that this will be good for real estate. The Fed must continue with massive currency creation. Like many, Brien feels that inflation is not transitory. Why isn't the gold price higher than $1,700 - $1,900 per ounce? Brien likes owning physical bullion. He thinks that crypto is worthwhile. Resources mentioned: Sign Up & Meet Me At the New Orleans Investment Conference: GetRichEducation.com/Events Brien Lundin's Gold Newsletter: www.GoldNewsletter.com Show Notes: www.GetRichEducation.com/364 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Should you buy for negative cash flow? Afterall, rents are rising fast; maybe they will catch up. I have a firm answer for you. With a tight rental market, landlords can skimp on repairs because tenants have few alternative places to live. Do the right thing. Make repairs. Don't be a slumlord. Property bidding wars are subsiding. Meet me in-person Oct. 19th to 22nd at the New Orleans Investment Conference. A provider of brand new construction Florida & Georgia investment properties joins me to discuss industry trends, including the challenge of supply shortages. Developing vast tracts vs. infill lots. Tenants love living in a new construction. This provider builds SFRs up to 13-unit buildings with vinyl plank floors and stainless steel appliances. They sell investment properties to individual investors like you, with SFRs in the $200Ks. Start buying property at: GetRichEducation.com/Southeast Resources mentioned: Buy new-build FL & GA investment property. Start: GetRichEducation.com/Southeast Sign Up & Meet Me At the New Orleans Investment Conference: GetRichEducation.com/Events Show Notes: www.GetRichEducation.com/363 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Steep rent increases are spreading like a… pandemic. Some metros are seeing annual rent increases of 10% to 15%. It's all part of real estate's new "space race". It's easier to get big rent increases *between tenancies*, not with your long-term tenants. GRE's own Aundrea Newbern joins us to answer, "Should you become a real estate agent?" Aundrea has her RE license in GA and is now training in her new home state of MI. Pros of obtaining your license: more information, better access to MLS, training, networking, and income from representing buyers & sellers. Cons of obtaining your license: your time, upfront cost & ongoing fees, splitting commissions with your broker, disclosures and liability, traditional licensee activity has little to do with investors. Summary: You need to use your license for at least 2-3 deals per year to potentially make it worthwhile. For real estate in MI and GA, e-mail Aundrea at: [email protected] Resources mentioned: Show Notes: www.GetRichEducation.com/362 Contact Aundrea: [email protected] Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Rents are skyrocketing, up 11.4% just since the start of this year per Apartment List. Increases like this could mean a 25% increase in your cash flow. Rod Khleif has made big failures. I mean that in the best way. Ultimately, he was willing to fail often in order to become the giant success that he is today. He lost $50M in the 2008 crash, even though his properties were at 30% LTV (70% equity). Rod is a multifamily apartment building investor and syndicator. He motivates many with his successful seminars. We discuss "The Law Of The First Deal". Who you spend time with is who you become. He's an active RE buyer now, with 296 units under contract in San Antonio. However, he sees an economic contraction coming. To hedge against a potential RE market downturn, Rod likes to avoid C-Class property. He likes investing in "A" and "B" areas in southern states. Resources mentioned: Show Notes: www.GetRichEducation.com/361 Rod Khlief's website: RealEstateWithRod.com Rod's podcast: Lifetime CashFlow Through Real Estate Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Today's guest has been a GRE listener since 2019. He's an MBA and Industrial and Manufacturing Engineer at a Fortune 500 Company. He still works at this full-time job. Eric Schodowski learned about GRE and listened from Episode 1. Leverage, arbitrage, and inflation-profiting were new concepts to him. When he switched jobs, he was able to access 401(k) and pension funds. Then, rather than living below his means, he expanded his means. Eric Schodowksi has added 11 rental units: a four-plex in his home market of Baton Rouge, LA, and turnkey properties in: Memphis, west Florida, and northwest Indiana. His returns have been as high as 120% per year. Eric prefers turnkey real estate investing because it's "hands-off". Turnkeys are designed to perform for investors. Resources mentioned: Show Notes: www.GetRichEducation.com/360 Eric's e-mail address: [email protected] Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

A 60% housing drop is what I'm talking about today. That's the real estate crash. What has driven housing prices 23.4% higher year-over-year? Scarcity, utility, and demand. I'm talking about a housing *supply* crash, not a price crash. The guys from Wealth Without Wall Street, Joey Mure and Russ Morgan, join us. They discuss why Wall Street makes money managers profitable, not individual investors. Most individual investors are so used to abandoning what they really want, that it's difficult to remember what their dream even is anymore. Racing to "zero debt" is a losing game for most people. Resources mentioned: Show Notes: www.GetRichEducation.com/359 WWWS's financial passport resource: WealthWithoutWallStreet.com/Passport CNBC: Rent Prices Rising Faster: https://www.cnbc.com/2021/08/11/rental-bidding-wars- heat-up-as-economy-improves-in-tight-housing-market.html Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Fifty years ago, money changed forever. Robert Kiyosaki joins us. He's the "Rich Dad, Poor Dad" author. President Richard Nixon effectively removed the dollar from the gold standard on August 15th, 1971. We play the audio clip. Inflation ensued, exceeding 10% in the 1970s and 1980s. What is money, anyway? I answer. Gresham's Law - bad money drives out good. Kiyosaki tells us why he promotes freedom and economic decentralization. My solutions to monetary inflation: 1) Real estate debt. 2) Gold. 3) Bitcoin. 4) Spend. Resources mentioned: Show Notes: www.GetRichEducation.com/358 Nixon removing dollar from gold standard: https://www.youtube.com/watch?v=4-cB1Z9qceI Jerome Powell on dollar printing: https://www.youtube.com/watch?v=lK_rYS8L3kI Buy real estate: www.greturnkey.com Buy gold: www.apmex.com Buy bitcoin: www.coinbase.com Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Homes in car-dependent areas have appreciated at 33%; mass transit areas 16% over the last eighteen months. Suburban real estate wins. Alabama and Tennessee have: net in-migration, low cost of living, high rents with a low purchase price, low property tax, jobs, and housing affordability. SFRs and duplexes are offered in: Chattanooga, Birmingham, and Huntsville. In many Alabama markets, low income areas have appreciated more than high income areas. Chattanooga duplexes: $2,200 rent / $240,000 price. 0.9% RV ratio. SFRs are 3 bed, 2 bath: $1,300-$1,500 / $160K-$210K price. Get the report & connect with the provider at: GetRichEducation.com/Chattanooga Resources mentioned: Show Notes: www.GetRichEducation.com/357 Alabama & Chattanooga Investment Property: GetRichEducation.com/Chattanooga GetRichEducation.com/Birmingham GetRichEducation.com/Huntsville Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

You achieved 95% total rate of return if you bought a turnkey property one year ago, on average. How can that be true? It's the "Five Ways Real Estate Pays" revisited. Get our free, wealth-building "Don't Quit Your Daydream" newsletter. It's the real estate industry's best at: GetRichEducation.com/Letter Doug Fudge joins us. He's President and CEO of Fudge Insurance. They are a brokerage where customers get a choice of insurance provider. Fudge provides insurance in: CA, CO, FL, GA, NC, TN and KY. He suggests higher deductibles and lower premiums for well-off investors. Doug & I discuss trade-offs between replacement cost and actual cash value insurance. Vacant land is generally not insured. Every policyholder in Florida has had a rate increase in the last year. This is largely due to frivolous lawsuits. Get a lower insurance rate with property that is: new-build, concrete block (not frame), further inland (not coastal), hip roof (not gable). Flood and earthquake coverage are separate policies. We discuss how to administer renters' insurance and umbrella insurance policies. Learn which insurance document you should never sign. Resources mentioned: Show Notes: www.GetRichEducation.com/356 Fudge Insurance: www.FudgeInsurance.com (407) 965-4253 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Housing inventory could finally be turning the corner. There are now more available homes (549K) today than one month ago (504K) and two months ago (492K). 56% of homes still sell above their asking price. Get our free, wealth-building newsletter. It's the real estate industry's best at: GetRichEducation.com/Letter I provide a condensed history of the income tax. In 1913, the top income tax rate was 7%. Tom Wheelwright joins GRE for a record 21st time on green energy tax breaks. Wind, solar, hydrogen, geothermal, nuclear, and car charging stations will likely receive more tax incentive support under Joe Biden. Oil & gas tax deductions could be limited or eliminated. Resources mentioned: Show Notes: www.GetRichEducation.com/355 Tom Wheelwright's network: Wealthability.com Watch Tom & I on YouTube: GetRichEducation.com/YouTube Active Listing Count Of Homes: https://fred.stlouisfed.org/series/ACTLISCOUUS The Income Tax Since 1913: https://bradfordtaxinstitute.com/Free_Resources/Federal-Income-Tax-Rates.aspx# Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Rents are shooting up in many metros, including GRE cities. Cyclically, housing prices shoot up first. Rent raises follow. Inflation is hot: CPI is up 5.4%, PPI up 7.3%. Tom Wheelwright, CPA of Wealthability joins us. Topics: Will income tax and capital gains tax increase? The 1031 Exchange is at risk! How to contest your property taxes. Involving your children in your business for tax breaks. A more active tax audit climate. This is Tom's record 20th GRE appearance. Resources mentioned: Show Notes: www.GetRichEducation.com/354 Tom Wheelwright's network: Wealthability.com Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold