Get Rich Education

Society and media often lambaste landlords. I discuss an absurd article titled: "Landlord System Morally Unethical… Contributing Nothing To Society". Some slumlords exist, but many landlords are responsible. Many landlord critics think money is inherently evil. Damion Lupo joins me to discuss what happened at the latest Real Estate Guys' Investor Summit. The homeownership rate is expected to decrease, meaning more renters. It will take at least a decade to raise housing supply to meet demand. We discuss whether inflation is here to stay or not. Damion provides you with the best retirement plan that I've ever heard known - the eQRP. Make gains truly tax-free, have $100K+ annual contribution limits, and invest in virtually anything - real estate, crypto, your own business. Learn more. Text: "EQRP" to "72000". Resources mentioned: Show Notes: www.GetRichEducation.com/353 Chantilly News on landlords: https://chantillynews.org/7141/opinions/landlord-system-morally-unethical-contribute-nothing-to-society/ Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Paid-off properties have an opportunity cost that few consider. Wealthy celebrities that choose mortgages are: Mark Zuckerberg & his wife, Elon Musk, Megan Markle & Prince Harry, Beyonce & Jay-Z, Chrissy Teigen & John Legend, and Charlie Sheen. I personally have held millions in mortgage debt from a young age. I've long had the ability to pay it off, have not, and will not. Good debt defined: 1) Secured. 2) Low mortgage interest rate. 3) Payments outsourced to tenants. How your bank sees your debt: 1) You have insured their collateral. 2) When you improve the property, you improve their collateral. 3) 1-4 unit properties - comparables. 5+ properties - income & debt coverage ratio. The risk of high mortgage debt is being overleveraged. This means you cannot service the debt payments. Chris Naghibi joins me. Though he dispenses financial guidance to celebrities, he helps everyday people qualify for mortgages. We discuss mistakes to avoid with your credit score and debt-to-income ratio. Learn about today's appraisal environment. Today, on average, homes sell for more than the asking price. That's weird! The average credit score is now 786 for mortgage borrowers. Resources mentioned: Show Notes: www.GetRichEducation.com/352 Chris Naghibi: TikTok: @ChrisNaghibi Instagram: @ChrisNaghibi YouTube: Chris Naghibi Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Legendary investor and business mogul Jim Rogers joins us from Singapore. Inflation is on the rise. I was just asked to leave a tip at Subway for the first time. Inflation nudges most people toward poverty. It moves GRE listeners toward prosperity. Rents for detached SFHs are up 7.9% year-over-year. The NAR just told us America is 6.8 million housing units short of demand. World governments are printing, spending, and driving interest rates to all-time lows. Historically, this has led to higher inflation. I ask Jim Rogers about inflation and the prospects for U.S. hyperinflation. He believes interest rates will go higher "in the next few years". He likes tying up 30-year fixed rate mortgages. Jim thinks the free market might take control of interest rate policy away from The Fed (wow!). "The next recession is going to be the worst in my lifetime." -Jim Rogers Jim Rogers & I also discuss: MMT, agricultural real estate, cryptocurrency, and advice for a young person. I explain what CBDCs are - Central Bank Digital Currencies. Resources mentioned: Jim Rogers' resources: www.JimRogers.com SFH Rents See Huge Gains: https://www.cnbc.com/2021/06/15/rents-for-single-family-homes-just-saw-the-largest-gains-in-nearly-15-years.html America Is Short 6.8 Million Homes: https://www.businessinsider.com/housing-market-short-millions-homes-homebuilding-real-estate-nar-report-2021-6 Show Notes: www.GetRichEducation.com/351 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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 up, up, up. This is because surging home prices are displacing the first-time affordable homebuyer. Rich Dad Sales Advisor Blair Singer joins us. He helps you get that "little voice" in your head to tell you the right thing. When you master your little voice, you more often move from employee to business owner or entrepreneur. It takes self-belief. Begin with the end in mind. Blair tells you why you don't have to be an attack dog in sales. Just help others! I try my sales pitch with Blair, then he tells me that my sales style is a retriever. In a selling situation, the person with the highest energy wins. Resources mentioned: Blair Singer's resources: www.BlairSinger.com Show Notes: www.GetRichEducation.com/350 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Learn the housing price level every year from 1963 to present with an entertaining retrospective - from $18K to $372K. Top takeaways over time: 1) Real estate usually goes up. 2) Real estate does not always go up. Housing rents and prices often correct toward each other. Home prices are rising globally. The highest: Turkey, New Zealand, Luxembourg, and Slovakia. Some of the lower rises are in East Asia. Canadians can hardly believe that Americans get 30-year fixed rate mortgages, 1031 Like-Kind Exchange. Redfin CEO Glenn Kelman believes that high housing demand is cooling off and the market is normalizing. Building a home has never been more expensive. I cover a case study for you about how new-build Boise single-family ranch homes had a sale price increase of $472K up to $747K over the last two years. Your tenant is probably doing better this year than last. Unemployment is down to 5.8%. Rent amounts are more stable than home prices. I draw the line. Current rent vs. own dividing lines are 0.7% RV ratio and $250K purchase price. You can still find decent $100K - $150K properties in: Memphis, Little Rock, Cincinnati and Dayton. Resources mentioned: Median New House Prices (Census, HUD): https://fred.stlouisfed.org/series/MSPUS Bloomberg: Global Home Price Rise: https://www.bloomberg.com/news/articles/2021-06-03/global-home-prices-rise-most-since-2006-fueling-bubble-concerns Music samples used with permission. Show Notes: www.GetRichEducation.com/349 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

With only small rent increases, your cash flow can rise 20-50%. Learn how to successfully achieve these small rent increases. Also, learn what to never say to your tenant. It's a mistake that I made. Make gradual rent raises and provide justification for the increase. Florida's surging net in-migration provides tons of rent-paying tenants. The numbers work here for out-of-state investors. Learn more & get properties at www.GetRichEducation.com/CentralFlorida These new construction SFRs are often $200K. Investors must come in all-cash and do a cash-out refinance later. This BRRR is: Buy, Rent, Refinance, Repeat. (No rehab.) Rent-to-price ratios are near 0.8%. Insurance premiums are often extremely low on these brand new builds. Renter demand is astounding. There are more than 1,000 tenants on waiting lists for these new-build Florida SFRs on quarter-acre infill lots. Get started with new construction Florida income property at: www.GetRichEducation.com/CentralFlorida Resources mentioned: Find new-build Florida income property: www.GetRichEducation.com/CentralFlorida Show Notes: www.GetRichEducation.com/348 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Will the rise of 3-D printed homes make housing construction so cheap that values of all existing homes will depreciate? I explore this with you. It's the third installment of our 3-part housing supply crisis series. 3-D printing uses lots of concrete. It is the world's most popular building material. No matter how one builds, there are still costs of: labor, land, materials, design & planning, architecture & engineering, site work & drainage, and regulation. A recent NAHB study shows that the regulatory cost of building a new single-family home is a staggering $94,000. Resources mentioned: Show Notes: www.GetRichEducation.com/347 $94K Regulatory Cost To Build A New Home: https://www.nahb.org/news-and-economics/industry-news/press-releases/2021/05/regulatory-costs-add-a-whopping-93870-to-new-home-prices Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

What one thing could crash the housing market … even more than expiring forbearance? It's something that NO ONE is talking about. Is the economy REALLY coming back? Where is inflation headed? Hyperinflation & real estate is discussed. I tell you what surprising investment I personally made last month. Then, what's an important part of your investor mindset that you probably haven't thought about before? Through Q3 of last year, homeowners have an all-time inflation-adjusted high of $257K in equity. Some NYC mayoral candidates have embarrassing perceptions of Brooklyn housing costs. Aundrea Newbern from GRE Operations & I review a book we like: "NOT Your How-To Guide To Real Estate Investing" by Ali Boone. My new 5-part Video Course on the "5 Ways Real Estate Pays" is free and open to all. Go to "Get Rich Education" YouTube now. Resources mentioned: Show Notes: www.GetRichEducation.com/346 Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

A shipping container costs less than $5,000. Why doesn't America build more housing with them? Gregg Cohen of JWB Real Estate Capital in Jacksonville, FL reveals how their 18-unit shipping container apartment complex created financial loss. The shipping container apartments are 320 square feet each. Learn about: what a vertically integrated company is, build-to-rent homes, turnkey real estate, the pros and cons of shipping container housing, permitting, and zoning constraints. Making shipping containers livable adds expense: windows, heating, cooling, electricity, water, ventilation and fire safety. JWB blew their budget! $1.3M budget vs. $2M reality. Gregg estimates that shipping container building costs them 20-30% more than conventional wood frame construction. Their non-pandemic rent collection = 98.5% In-pandemic rent collection worst = 97% 2020 rent collection total = 98% JWB has available inventory of Jacksonville income property now - during the housing supply crisis. How can they do that? He tells us. If you seek more income property, start at: www.CashFlowAndGrowth.com or phone (904) 677-6777. Resources mentioned: Show Notes: www.GetRichEducation.com/345 JWB's available Florida income property: www.CashFlowAndGrowth.com JWB's Facebook Group: www.JWBFacebookGroup.com Get mortgage loans for investment property: RidgeLendingGroup.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Kristin B. Tate (FOX News, CNN, MSNBC) joins me to discuss Biden tax and housing policies, inflation, and investing. President Joseph R. Biden, Jr.'s bill to create a $15,000 first-time homebuyer tax credit is wrong. It helps the demand side. America needs help on the supply side. I give ideas. Biden wants to severely limit the 1031 Tax-Deferred Exchange for real estate investors. Only your first $500K of gains would be exempt from capital gains tax. This would cause a rush of sales in the real estate market. It would also hurt long-term liquidity for larger apartment buildings. Zumper's National Rent Report shows substantial rent increases in many Midwest and South real estate markets. I detail them. Next, Kristin B. Tate tells us why printing trillions of dollars means that investors should get out of the dollar. We discuss Joe Biden's proposed increases to both income tax and capital gains tax. Kristin favors buying real estate assets to hedge against inflation: real estate, physical gold & silver, and cryptocurrency. Resources mentioned: Kristin B. Tate on Twitter: @KristinBTate Kristin B. Tate's website & books: www.KristinBTate.com Show Notes: www.GetRichEducation.com/344 Zumper National Rent Report: https://www.zumper.com/blog/rental-price-data/ Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Today, available homes are as scarce as a rare earth mineral. Under 500K homes are available for sale today, well below the historic 1M-1.5M at any given time Source: Federal Reserve. High demand exists independent of low inventory. Developers and homebuilders need years to help us build our way out. The development team of Rob Fuller and Jared Garfield tell us how today's developers cope with the rising cost and unpredictable supply of: copper, lumber, PVC and other building materials. Their project in Colorado Springs, CO is in the path of progress. In 2019, U.S. News & World Report named the area the #1 Economy In America. The Denver Post stated that by 2050, Colorado Springs will be larger than Denver. (Wow) The project is 800 acres of higher-end homes on 2.5-acre lots. Homes start in the high $600Ks. That does not work for cash flow via direct ownership. This is not "spec building". Homeowners have already funded with non-refundable earnest money. You can project a construction loan to the project yourself. Cash-on-cash returns are 9% to 15%, depending on the investment amount. $100K minimum. Learn more about this project at www.GetRichEducation.com/ColoradoSprings. Investors have substantial guarantees and financial buffers. This is an A+ real estate asset class. You can view weekly project drone footage. On-site visits are available. I might attend one where you could meet me in-person in Colorado Springs. Resources mentioned: Private Lending in the Path Of Progress: GetRichEducation.com/ColoradoSprings U.S. Active Home Listing Count: https://fred.stlouisfed.org/series/ACTLISCOUUS Show Notes: www.GetRichEducation.com/343 Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Three reasons NOT to buy income property: 1) It is illiquid. 2) Speculative mania without cash flow. 3) You want zero involvement. With that understanding, direct ownership of rental real estate still has the best risk-adjusted return today. President Biden wants to keep people in their homes. He doesn't want residents removed from their homes under his watch - both homeowners and renters. Higher mortgage interest rates lead to both higher prices and lower supply. This is counterintuitive to many. I explain why. The last six times that interest rates rose in America, housing prices rose too. I read the menu prices from McDonald's restaurant in 1974. It makes inflation's effect apparent. Then Ken McElroy joins me. Together we discuss how inflation affects consumers and real estate investors from an in-person video at his Scottsdale, AZ office. Ken reminds us how high inflation can go. It was 15% for a time in the 1980s. Resources mentioned: KenMcElroy.com Show Notes: www.GetRichEducation.com/342 Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

These homes are tiny, eco-friendly, and affordable, with the option of having smart home technology. Panama has friendly people, safety, a low crime rate, and robust economy. Organic food is grown on-site, recycled graywater waters your garden, there are community orchards, hiking trails, a yoga area, bird-watching stations, pool, river, and a sense of community. This tiny home community in the highlands often experiences temperatures in the 70s and 80s fahrenheit. It is a lush greenscape, not close to the beaches. These tiny homes have 300 - 600 sf of interior space. Rachel Jensen joins us to tell us more. Only a few tiny homes are available now at: www.getricheducation.com/tinyhomes Foreign owners can get full title to their property. You can earn rental income from your tiny home, with in-house property management. You can fund your property via: all-cash, 50% loans, 80% loans, IRAs, gold, or cryptocurrency. Property prices start at $119K. Second residency in Panama is an option for property owners. The next property tour is June 23rd - 27th, 2021. Learn more and get the report at: www.getricheducation.com/tinyhomes Resources mentioned: Panama Tropical Tiny Homes: www.GetRichEducation.com/TinyHomes Show Notes: www.GetRichEducation.com/341 Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Your home is a liability, not an asset. That's according to Robert Kiyosaki. This is because your home takes money out of your pocket every month. An asset puts money into your pocket. Today's guest, author and economist Daniel Amerman, has a different perspective. He states that forces like inflation and a mortgage (leverage) make your primary residence a strong investment vehicle. Daniel's research shows that historically, homeowners nearly double their equity in three years, triple it in seven years, and quadruple it in ten years (80% LTV loan). We discuss whether home price increases are derived from appreciation or inflation. First, I remind you why financially-free beats debt-free. Convert equity to cash flow. Extra mortgage principal paydown does the opposite - it converts cash flow to equity. Classically, on a balance sheet, your home is an asset. Remember that a homeowner's return is not generated from equity. It is generated from the local housing market. Hear my rant about how carpet beats hardwood floors. Resources mentioned: Daniel Amerman's website: www.DanielAmerman.com Show Notes: www.GetRichEducation.com/340 Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Learn how to bring as little money as possible to the property closing table. Ridge Lending Group President Caeli Ridge tells us how to do this. She also predicts the future interest rate direction. Mortgage interest rates hit all-time lows three months ago. Freddie Mac has tracked rates since 1971. The 30-year fixed rate mortgage debuted in America in 1948. It's an incredible tool that few, if any, other world nations have. Before this, it took a 50% down payment and refinancing every 3-5 years. Mortgage rates have been falling for 700 years! From the year 1311, we look at interest rate history in the French Crown, Spanish Crown, Italian merchants in Milan, Genoa. The latest marker of today's low housing supply is the fact that there are currently more real estate agents than available homes. Is rush hour traffic a thing of the past? We explore this. Caeli Ridge helps us understand the ominous new 7% Fannie Mae funding limit on single-family mortgages on second homes and investment properties. Result = higher loan prices. Does it make sense to pay discount points at the closing table? Discount points are like prepaid interest. We explore pros and cons. Often, a seller can pay up to 2% of your purchase closing costs. Caeli predicts the future direction of interest rates. I'm refinancing properties with Ridge myself right now. Start at: www.RidgeLendingGroup.com Resources mentioned: Get mortgage loans for investment property: RidgeLendingGroup.com Show Notes: www.GetRichEducation.com/339 Early 1900s Mortgage Rate Charts: https://www.thetruthaboutmortgage.com/check-out-these-mortgage-rate-charts-from-the-early-1900s/ Interest Rates Have Been Falling For 700 Years: https://www.visualcapitalist.com/700-year-decline-of-interest-rates/ There Are More RE Agents Than Homes For Sale: https://www.wsj.com/articles/new-realtors-pile-into-hot-housing-market-most-find-it-tough-going-11616328002 New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

The Fed is about to unleash a tidal wave of liquidity that you probably don't know about. I was recently at my favorite Mexican takeout restaurant. It was the first time they began asking for tips. This is inflation. It is likely not measured in CPI or Core PCE. Richard Duncan from MacroWatch joins us to discuss how the coming monetary tsunami will stoke asset prices. This can continue the "price runup party" in real estate, stocks, crypto, and other assets. Key learning: The Fed changes inflation policy when they see wage price growth, not commodity price growth. Inflation won't be high enough to cause interest rates to rise anytime soon. We know that the Fed currently creates $120B per month. What few know about is the new, simultaneous $900B that the Fed is releasing from their Treasury General Account by the end of June. More currency + monetary velocity = inflation? No. Richard says there's more to it, like credit expansion. The newly passed $1.9T American Rescue Plan, plus a new Biden-proposed multi-trillion dollar infrastructure bill could stoke inflation in the short to medium-term. Richard does not believe high inflation is sustainable long-term. Get 50% off Richard Duncan's "MacroWatch" when you use Discount Code "GRE" at: www.RichardDuncanEconomics.com Though consumer price inflation should stay low, a lot of asset price inflation should continue. Richard also reveals a scenario where interest rates could decline. Resources mentioned: Get 50% off MacroWatch. Use Discount Code "GRE": www.RichardDuncanEconomics.com Show Notes: www.GetRichEducation.com/338 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

With shrinking national housing supply amidst surging demand, some investors cannot find sufficient inventory. People are moving to places like: Texas, Tennessee, and Florida. Suburban properties have higher appeal with today's work-at-home trends. New construction properties in infill areas have advantages: an established area, neighbors with equity. Learn about a system to help keep your property taxes discounted. With all this in mind, learn about what capitalizes on all of these trends - and there's available inventory. Purchase prices are from the $140Ks & up - new construction - SFHs up to fourplexes and larger. Who knows how long this will last? Get started at: GetRichEducation.com/Texas. You will receive a report and an invitation to a live Texas properties webinar with me this coming Friday, March 26th at 3PM ET. Resources mentioned: Show Notes: www.GetRichEducation.com/337 Learn more & attend Friday's Texas properties webinar: www.GetRichEducation.com/Texas Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

I hope that it changed you. Don't quit your daydream. -Keith Resources mentioned: Show Notes: www.GetRichEducation.com/336 First American Real HPI: https://www.firstam.com/economics/real-house-price-index/ Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

To get money for real estate, you don't always have to save up every dollar yourself. You can use: Equity from another property - my favorite Seller-paid closing costs Seller financing House hacking Rent income from duplexes and fourplexes Lease-Purchase Agreement Mortgage assumptions Seller-held second mortgages Syndication Partnerships Ken McElroy joins me to discuss how to attract investors to your real estate deal and more. He outlines borrowing from your 401(k) and using your retirement plan for real estate. Teach others about what you know. Just give with nothing in return expected. People will trust you later when you have a real estate deal. Resources mentioned: Ken's free resource: www.kenmcelroy.com/getricheducation Show Notes: www.GetRichEducation.com/335 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

Will a housing price crash occur when homes can be foreclosed upon again? Sean O'Toole of PropertyRadar.com and I compare 2007's housing crash with 2021's health crisis-related recession. "Home prices never go down." That's what many people said in 2005! Wrong. Learn the housing differences between the last recession and the current one: lending standards, housing supply, regulatory change, construction labor force, construction supply disruptions, household formation. Sean tells why we will not have a big dump of housing supply on this market anytime soon. There will still be some delinquent homeowners after the forbearance period ends. The Biden Administration plans to work with borrowers that have federally-backed mortgage companies and provide them with repayment plans. Prediction from Sean: mortgage rates will dip below 2%. Resources mentioned: PropertyRadar.com Show Notes: www.GetRichEducation.com/334 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF 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

If you hold a savings account, you're a lender. You lent money to the bank and they pay you under 1%. You can lend for real estate, get a 6-12% cash yield with low hassle, and hold real estate as collateral. This is some of the most passive, hassle-free income in all of real estate. Learn more at: www.getricheducation.com/lending Typically, a real estate company seeks to: buy a distressed home for $50K, pay another $20K to rehab it, then sell it for a profit. That $70K is what they seek private lenders for. This means that the real estate company can provide the distressed seller with a quick, all-cash closing. (Remember, these properties can't be financed with banks.) Loan duration is often twelve months. Dani Lynn Robison of Springboro, Ohio-based Freedom Real Estate Group tells us how Private Money Lending works. Everyday investors like you can fund this with cash, retirement accounts and HELOCs. Resources mentioned: Begin with Private Lending at: www.GetRichEducation.com/Lending Show Notes: www.GetRichEducation.com/333 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: 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

Today's guest reveals how he gets $10,755 of monthly cash flow with four SFHs. They're long-term rental tenants. Get our free newsletter here: www.getricheducation.com/letter I tell you why a man with $20 million of debt is a financial winner, making analogies to Brett Favre and Cy Young. Ryan Chaw of Sacramento, CA joins us. A full-time pharmacist, he's age 29, on track to retire from real estate income by age 31. Unusually, he invests in California single-family homes (SFHs). It's not an area known for cash flow. He rents them to carefully-screened college students. He self-manages, but hasn't visited his properties in over a year. In areas like Stockton, CA, he gets $3,000 rent from a $300K SFH. Ryan uses his "PRIME" Method: Placement of ads, Review applicants' social media, Identify tenant type, Measure responsiveness, and Ensure proof of income. He has 17 tenants in four SFHs. Ryan gets money for down payments with his W-2 job. He also uses a HELOC to reset his leverage and create arbitrage. He travels the world too. He won't delay all gratification. Resources mentioned: Show Notes: www.GetRichEducation.com/332 Ryan Chaw's free guide: www.NewbieRealEstateInvesting.com Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: 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

Hear a mock negotiation between Chris Voss & I for a fourplex building today! The former lead international hostage negotiator for the FBI, Chris is now America's top negotiation coach. In a negotiation: Who goes first? Does "anchoring" work? In real estate, terms are often more important than price. "Never be so sure of what you want that you wouldn't take something better." -Chris Voss, today's show He does not use the term "win-win". It's a giveaway that someone is trying to pick your pocket. The "other side" always has hidden cards that could benefit you. Be curious. A positive mind frame makes you 31% smarter. At times, it helps to address "fairness" at the beginning of a negotiation. Let the word "no" out softly. If there's an elephant in the room, address it. Chris uses the "mirroring" technique on me. He makes me think that conceding was own idea! Amazing. He has free negotiation resources for you. For his newsletter, text blackswanmethod to 33777. Outside the U.S., go to: www.blackswanltd.com Silence and humor are effective negotiation techniques in certain situations. I tell Chris my favorite negotiation line and get his opinion: "What flexibility do you have?" Resources mentioned: Show Notes: www.GetRichEducation.com/331 Get free newsletter from Chris Voss: U.S.: Text blackswanmethod to 33777 Outside U.S.: www.blackswanltd.com Chris Voss' book: https://www.amazon.com/Summary-Never-Split-Difference-Analysis/dp/1683784391 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: 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

After your first 10 rental properties, what comes next? Buying more than 10 financed properties of 1-4 units often incurs an interest rate about 2% higher. Apartment buildings of 5+ units is an option. You can become a real estate syndicator. It is sophisticated. This means you identify a big real estate complex and attract other investors' money to the deal. Syndications often SEC-regulated. To attract investors, you must also build your brand. You can be a private money lender with a stable 10% cash-on-cash return. Real estate is your collateral. See: www.getricheducation.com/lending With agricultural real estate, the trees are the tenants. They don't vacate the property and they're low maintenance. The asset literally grows; land is titled to you. See: www.getricheducation.com/teak "Family offices" manage wealth for affluent families and individuals. They might cost $1M per year, meaning you'd often need assets of $100M+. Direct real estate investors "feel the bumps". I recently had a truck accident-damaged property that was in disrepair for 9 months! This year, John Burns RE Consulting predicts existing home prices to rise +8%, new homes +9%. It took Tesla 17 years to make a profit. You often do this in 1 month with real estate. Damion Lupo drops by with crucial eQRP updates. An eQRP lets you: invest your retirement funds in nearly anything, $58,000 annual contribution limit, no custodian, and avoid a 37% UBIT tax hit (like you have with SD-IRAs). Resources mentioned: Get the free eQRP book; text "EQRP" in all capital letters to: 72000 Great turnkey provider for beginners: www.MidSouthHomeBuyers.com Rare provider with 1% rent-to-price ratio: www.GetRichEducation.com/Dayton Private Money Lending: www.GetRichEducation.com/Lending Teak hardwood trees: www.GetRichEducation.com/Teak New fourplexes in West: www.GetRichEducation.com/Fourplex New fourplexes in Southeast: www.GetRichEducation.com/Southeast Turn $100K into $300K in five years: https://www.getricheducation.com/turn-100k-300k-five-years/ Show Notes: www.GetRichEducation.com/330 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free "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

Joe Biden's economic plan for real estate investors is detailed. Expect: higher income tax, extended eviction & foreclosure moratoriums, $15 minimum wage, $15K first-time homebuyer tax credit, more stimulus checks. Can landlords still evict tenants for non-payment of rent? Yes. I explain how. With all this money printing, I expect inflation to stay low due to low velocity. Ken McElroy joins me again today. He's the Rich Dad real estate advisor. Migration patterns per U-Haul favor these top 5 states: TN, TX, FL, OH, AZ. #1 for out-migration last year was CA. 72% of people move within the same state, per Ken. Today's tenant trends: Larger units, security gates, pets, outdoor lighting, small yards, remote rent collection. Proximity to central business districts is less important. Pets attract seniors. Ken has increased income by embracing pets, and reduced expenses by requiring that tenants have Renters Insurance. Learn about how he handled recessionary apartment income disruptions for his investors. Resources mentioned: See Ken McElroy's predictions video: www.KenMcElroy.com/GetRichEducation Show Notes: www.GetRichEducation.com/329 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free "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

My housing prediction for the next few years is revealed at the beginning of the show. Learn why higher interest rates mean less housing supply. Learn how to buy new construction income properties as inexpensively as $169K at: www.getricheducation.com/southeast Last year: Real estate was up 11%, mortgage rates fell from 3.72% down to 2.67%, inflation fell from 2.5% to 1.4%, S&P 500 up 16%, dollar weakened, bitcoin surged 400%+, gold & silver had their best years since 2010, oil down 21%. "Build-To-Rent" (B2R) means that properties are constructed with tenant-occupants, not owner-occupants. Durable finishes are used, like cement hardie board, vinyl plank flooring, and granite countertops. B2R single-family homes as low as $169K (new construction). Duplexes, triplexes, and fourplexes are also offered in Florida and Georgia at: www.getricheducation.com/southeast Tenants in these B2R properties often have incomes of $100K+. Today's renters want a yard, even if it's small. They don't want a fireplace. With remote working trends, proximity to an urban area is now less important. Resources mentioned: Build-To-Rent FL & GA property: www.GetRichEducation.com/Southeast Show Notes: www.GetRichEducation.com/328 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free "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 Chris Voss on Masterclass: www.Masterclass.com

Has "debt-free" now become a poverty marker? Debt is good when: 1) The interest rate is lower than inflation, and 2) When tenants pay your debt for you. Get our free "Don't Quit Your Daydream" Letter at: www.getricheducation.com/letter Home equity is: unsafe, illiquid, and its rate of return is always zero. If you pay an extra $100 toward your mortgage principal, you just converted your cash flow to equity. That's the opposite of financial freedom. Learn myriad reasons for removing equity from property: a litigious society, natural disasters, job loss, and more. Paying down your low interest rate debt won't create wealth. But using debt to create residual income streams can. More equity = more risk. Why would you even want to be debt-free? Resources mentioned: Show Notes: www.GetRichEducation.com/327 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free "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

The largest building you can buy with the best loan terms is a residential four-unit building. Noticing high fourplex demand years ago, one savvy developer has been successfully providing new build-to-rent fourplex communities in the U.S. Intermountain West. Get the report and connect with the provider at: www.getricheducation.com/fourplex These often have a price point of $750K or more, and require a 25% down payment. You're rewarded with Fannie / Freddie 30-year loans at low interest rates. High-growth Utah, Idaho, and Arizona markets are served with these new construction fourplexes. Learn how a developer selects land tracts at the edge of metro areas. I use what is considered a profane term in the industry. Resources mentioned: New Build-To-Rent Fourplexes: www.GetRichEducation.com/Fourplex Show Notes: www.GetRichEducation.com/326 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free "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 summary of major housing and economic stories this year. Then, a framework for how you can achieve any goal is revealed. Our own Aundrea Newbern joins me. She describes her concrete goal of going from her current $10K up to $30K of monthly residual real estate income. Get our free "Don't Quit Your Daydream Letter" here: www.getricheducation.com/letter Resources mentioned: Show Notes: www.GetRichEducation.com/325 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free "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 mistakes to avoid and how to buy a distressed property at a discount at a foreclosure auction. First, the average borrower now has $194K in home equity due to high recent home price appreciation. Only 3% have a negative equity position. Freddie Mac shows home prices up 9.7% year-over-year. First American's Real House Price Index accounts for home prices, interest rates, inflation, and affordability. The surprise? Real prices are down 26.8% since January 2000. Today's guest, Colin Murphy, is an acknowledged expert in buying properties at foreclosure auctions. He reveals how it works in some Florida counties. Death, divorce, drugs, and unemployment can all lead to a borrower missing mortgage payments and having their property fall into foreclosure. Foreclosure auctions have moved online in states like Florida (but not Texas). Often, you must give a 5% deposit at bid time, 95% balance paid same-day. 2 minutes of bidding per property. Learn how high one should bid on a foreclosure property. You can find mortgage, lien and permit information online. You must know how to estimate renovation costs. Assume the worst. Foreclosure moratoria have created low inventory levels in the market. Resources mentioned: More about Colin Murphy: ColinInvestments.com FATCO's Real House Price Index: https://www.firstam.com/economics/real-house-price-index/ Recent Homeowner Equity Gains: https://www.cnbc.com/2020/12/10/homeowners-gain-1-trillion-from-pandemic-driven-housing-boom.html Show Notes: www.GetRichEducation.com/324 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Get our free "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

The deal is the debt. Why? Because mortgage rates are at all-time lows. People are buying property like crazy. Learn why 30-year fixed rate mortgages are a great deal for the borrower and a bad deal for the lender. Caeli Ridge, President of Ridge Lending Group, tells us about qualifying for income property loans today. Your first 10 loans single / 20 loans married for 1-4 unit properties have the best rates and terms: 20-25% down, 50% max. DTI, super low interest rates. For more loans, called "non-QM" loans: $135K minimum size, 75% LTV, higher interest rates. Opinion: Fannie & Freddie will stay in conservatorship, keeping mortgage rates low. Conforming loan limits will increase from $510,400 to $548,250 (SFH), and higher for 2-4 unit properties. Rate & term refinances - SFH: 80% LTV | 2-4 unit: 75% LTV Cash out refinance terms - SFH: 75% LTV | 2-4 unit: 70% LTV We get an update on appraisal climate. I educate you on the three appraisal approaches: cost, income, comparison. Ridge does loans in 43 of the 50 states, all except: AK, ME, ND, NY, VT, WV, WY. Resources mentioned: Mortgage Loans: RidgeLendingGroup.com Phone: (855)747-4343 E-mail: [email protected] Show Notes: www.GetRichEducation.com/323 Top Properties & Providers: GREturnkey.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

How would you value a four-plex in bitcoin? The world's largest cryptocurrency, bitcoin, needs more stable pricing to gain faith for widespread currency use. Crypto pros: Generational, international, blockchain, increasing faith. Crypto cons: Security, not widely accepted, short history, volatile, government intervention fear, no price bottom. Learn the pros and cons of buying rehabbed & tenanted turnkey property vs. doing it all yourself. Find property here: www.GREturnkey.com Three big reasons people don't invest in real estate: They don't understand the rates of return. They don't know about turnkey real estate. Many think you must be a flipper or landlord. Turnkey pros: Save time & hassle, leverage economies of scale, leverage professionals, geo-diversification. Turnkey cons: Higher initial cost, risk of suspicious pre-placed tenants. I explain why it's best to own properties in 3 to 5 different markets from www.GREturnkey.com. Resources mentioned: Show Notes: www.GetRichEducation.com/322 Top Properties & Providers: GREturnkey.com Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

A crystal ball prediction for the housing market does not exist. The best measure may be the forward-looking Homebuilder Confidence Index. It just hit an all-time high for optimism. Interest rate direction has little to do with housing prices. But it helps. Real estate is not an asset. Real estate derivatives are assets, whether it be a mortgage or a lease. Gregg Cohen of JWB Real Estate Capital joins us. He's a longtime provider of new construction turnkey rental property in Jacksonville, FL. See their properties at: CashFlowAndGrowth.com We discuss how appreciation makes long-term real estate investors more money than cash flow, amortization, tax benefits or inflation-profiting. Resources mentioned: Jacksonville new turnkey property: CashFlowAndGrowth.com FHFA Home Price Index: https://www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx? Suburban Rents Rise: https://www.realtor.com/news/real-estate-news/race-for-space-pushing-up-suburban-rents/ Show Notes: www.GetRichEducation.com/321 CNBC on home price rise: https://www.cnbc.com/video/2020/11/13/rise-in-home-prices -will-be-tremendous-for-builders-analyst.html Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Learn how to keep insidious thieves from stealing your wealth - taxes and inflation. Higher taxes = lower inflation. I tell you why. The IRS does not recognize inflation in regard to capital gains. I discuss property tax, income tax, and sales tax state-by-state. Many coastal states have high property tax and income tax; southern states have high sales tax. A recent Harris poll showed that work-from-home types value saving money on lunch and gas more than being with their family or having extra time! (Geez.) Subscribe to our Don't Quit Your Daydream Letter here. Tom Wheelwright joins me. Tax brackets are marginal, so use your childrens' lower tax brackets. The last dollar you earn is taxed at your highest taxable rate. The first dollar of a tax deduction comes off your highest taxable rate. Tax credits beat tax deductions. Reducing your property tax can be fairly easy. Resources mentioned: Connect with Tom: www.Wealthability.com Show Notes: www.GetRichEducation.com/320 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Before you buy foreign property, consider: access in rainy season, infrastructure, water pressure, safety, community, and developer track record. Learn about a real estate performance bond and why it's important. Own tropical tiny homes, including over-the-water property, as low as $92K. Start here: www.getricheducation.com/tinyhomes Subscribe to our Don't Quit Your Daydream Letter here. These exotic, affordable homes in vacation destinations are in Belize, Nicaragua, and Panama - both beaches and mountains. As a foreigner, you can own full title to these Central American properties. These homes are truly "tiny", often 300 - 400 square feet, a little larger than an RV. You can live in the property, or rent it out. The developer has been in business 20+ years. I personally met them nearly 5 years ago. You can get 50 - 80% financing. Use self-directed IRAs, gold, or crypto for purchase. To get started, get the Tropical Tiny Homes Report and contact the provider through: www.getricheducation.com/tinyhomes Resources mentioned: Tropical Tiny Homes Report & Provider Contact: www.GetRichEducation.com/TinyHomes Show Notes: www.GetRichEducation.com/319 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

In this recession, people still ask me how housing prices and demand are surging. I explain. Then, I discuss the highest cash-flowing hands-off investment I've ever heard of. Learn more here. Subscribe to our Don't Quit Your Daydream Letter here. Cash use is increasing, not declining. In fact, the CEOs of PayPal and Venmo even say that cash will be in use for decades. An individual investor like you can own a lot of 6 ATMs. ATMs are profitable because some users pay a $2-$3 surcharge to access a $20 bill. $2,184 is your monthly cash flow. The operator has never missed a monthly payment nor their pro forma projection. ~19% ROI plus tax benefits like bonus depreciation. In the pandemic, some ATM locations have fared worse, like airports; some better, like a Walgreens. Many people want to withdraw & store money in the pandemic. If you're an accredited investor, learn more about ATM investing and contact the provider through: www.GetRichEducation.com/ATM Resources mentioned: For ATM Report & Provider Contact: www.GetRichEducation.com/ATM Show Notes: www.GetRichEducation.com/318 Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

"Miracle Morning" author Hal Elrod tells us that to turn the impossible into the inevitable, you need unwavering faith and extraordinary effort. Subscribe to our newsletter here. "The Miracle Morning" has been translated into 37 languages and sold more than two million books. More than 500,000 people actively practice his work daily. Hal overcame a car accident where he was clinically dead, then a rare form of cancer. This made him genuinely grateful for every moment thereafter. In your life, you will pursue what you feel is probable, not possible. The purpose of your goal is not to reach a goal. It's to attain the qualities and characteristics of becoming the best version of yourself on your way there. Hal's new book is called "The Miracle Equation". Resources mentioned: Show Notes: www.GetRichEducation.com/317 Hal Elrod's website & books: The Miracle Morning Book recommended by Hal: Man's Search For Meaning - Victor Frankl Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Will home prices stop rising soon? No. I tell you why. It's my prediction. Subscribe to our newsletter here. Four reasons home prices will keep rising in the short and intermediate-term are: Undersupply. America is already undersupplied 2.5 - 3.3 million housing units. Pent-up demand. More 18-29 year-olds live with their parents now at any time since The 1930s Great Depression. When they get jobs & move out, pent-up housing demand will be released. Homebuilder roadblocks. The top factor is wildly elevated lumber costs that has made some builders stop building. Population growth. America grows at 4,800 people every day, nearly 2 million annually. Many Americans have been suffering from a lapse in federal pandemic stimulus relief. Hear a Nancy Pelosi clip about this. I discuss hands-on ways to improve your properties' appeal: paint, flooring blemishes, light fixtures, cabinets, vanities, front door. GRE's own Aundrea Newbern joins us. Learn about finding properties and tenants with guaranteed rent income. You can find these properties and tenants at: GetRichEducation.com/Section8 Concerns about the HUD Section 8 Program are: you must screen tenants harder, property inspections from the HUD case manager. Section 8 tenants have more motivation to pay rent because they don't want to lose their housing voucher. They have longer tenancies and are less demanding during tenancies. If you're pre-qualified for a mortgage loan and want investment property with guaranteed rent income, start at: GetRichEducation.com/Section8 Resources mentioned: Show Notes: www.GetRichEducation.com/316 Find Section 8 properties & tenants: www.GetRichEducation.com/Section8 Get the Don't Quit Your Daydream Letter: www.getricheducation.com/letter CNN: Blitzer, Pelosi on stimulus: https://www.cnn.com/videos/politics/2020/10/13/nancy-pelosi-intv-stimulus-bill-trump-offer-coronavirus-tsr-vpx.cnn Post free to find Section 8 tenants: GoSection8.com U.S. and World Population Clock: www.census.gov/popclock Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Learn how to avoid getting ripped off from a: Vacant land scam Foreclosure relief scam Loan flipping scam Escrow diversion scam Rental ad scam Common consumer scams More Subscribe to our newsletter here. Asset Protection Attorney Garrett Sutton joins us for the fourth time on the show. His new Rich Dad Advisor book, Scam-Proof Your Assets, releases this month. Scammers sell other scammers lists of names of gullible people. Tell scammers that you want to share their deal with your attorney or CPA. They'll run away. Those that get scammed tend to be: less educated, vain, both young & old, crave a good deal, feel isolated, and are more impressionable. Scammers are often someone you already know; they're close to you. Resources mentioned: Garrett Sutton's New Book: Scam-Proof Your Assets Corporate Direct for LLC Formation: 1-800-600-1760 CorporateDirect.com Report and track scams at: ftccomplaintassistant.gov Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Your goal might be $15K of monthly real estate income and a $3M net worth within twenty years. To achieve this, I explain why getting trapped in the future is as bad as getting trapped in the past. Start early, understand there will be bumps in the road, don't overanalyze, the worst case scenario almost never occurs, and don't "time the market". Today's guest offers both rehabbed and new construction rental homes in a thriving market where the numbers work - west Florida. If you're pre-qualified for a mortgage (or paying all-cash), get started buying investment property at: GetRichEducation.com/WestFlorida. Buying one property, one time won't change your life. When you're young, you're more likely to want a low-priced rental property with higher cash flow and higher maintenance = existing construction. When you're older, you're more likely to afford a higher-priced rental property with lower cash flow and less maintenance = new construction. House flippers have spending money; buy-and-hold investors build real wealth. At its core, it's simple - rent houses to people. Resources mentioned: West Florida Income Property: GetRichEducation.com/WestFlorida Mortgage Loans: RidgeLendingGroup.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 Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Learn how income tax rates, capital gains tax rates, the 1031 Exchange, the estate tax and more will change - or not. The outcome depends upon whether Donald Trump gets a second presidential second term or Joe Biden is elected as the new president. Subscribe to our weekly newsletter here. Tom Wheelwright, the most recurrent guest in show history, joins Keith. He's the world's foremost expert at reducing your taxes permanently. He can help you at Wealthability.com Resources mentioned: Tom's company: Wealthability.com The Tax Foundation: www.taxfoundation.org Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

You can only have one job. But you can own as many rental properties or vending machines as you want. Trillions flow through the economy. Build a device to divert this flow to you; you'll see that money is an abundant resource. Dr. Michael Ehrlich from NJIT's Martin Tuchman School Of Management joins us to discuss asset bubbles and real estate technology. We discuss financial bubbles, narrowing credit spreads, debt, overleveraging, NYC overbuilding and financial technology. Dr. Ehrlich is a general advocate of borrowing for cash-flowing residential real estate today. Solutions to avoid bubble damage include: residential real estate, water, agriculture, even connectivity. I discuss real estate technology: 3-D printed homes, autonomous cars, iBuying, indoor drones, virtual tours & staging, remote online notarizations. Subscribe to our weekly newsletter here. Resources mentioned: NJIT's Martin Tuchman School Of Mgmt.: https://management.njit.edu/ Dr. Michael Ehrlich e-mail: [email protected] iBuyer: Opendoor.com Virtual staging: Rooomy.com Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

What does the CDC eviction ban really mean to you? Learn how to win home price bidding wars in today's hot market. GRE's own Aundrea Newbern joins us! Besides working with GRE, Aundrea is an active RE agent in Brunswick, GA. She owns 28 rental doors and has her MBA in Finance. She owns long-term rental SFHs and apartments, including some Section 8 tenants. She self-manages. Rock & Roll Hall Of Famer Flavor Flav "drops in" to congratulate the show on 3 million listener downloads. Aundrea tells you nine ways to avoid being outbid in today's hot real estate market: 1 - Pick a buyer agent that's courteous to the selling agent. 2 - Write a letter or send a video to the seller. 3 - Agree to use the seller's preferred title agent, lender. 4 - Offer more than the asking price. 5 - Offer more earnest money than the customary 1-2%. 6 - Add an escalation clause. 7 - Simply ask what it takes to get your offer accepted same-day. 8 - State that you'll pay out of pocket in case there's a low appraisal. 9 - Consider waiving the inspection. (This is risky.) Subscribe to our weekly newsletter here. Resources mentioned: CDC Eviction Moratorium: https://www.nytimes.com/2020/09/16/business/eviction-moratorium-renters-landlords.html Aundrea Newbern email: [email protected] Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

The pandemic has fueled remote work. A New Yorker paying $4,000 rent in a 1 BR apartment can now work from Florida, paying $1,500 rent in a 3 BR & 2 BA single-family home. Central Florida benefits from this in-migration. Florida has law that favors landlords, zero state income tax, a low cost of living, beach proximity and of course, warm weather. Get the report and learn more at: www.GetRichEducation.com/Orlando These Central Florida Build-To-Rent properties are brand new. They often appraise for $5,000 to $10,000+ more than your purchase price. That's built-in equity. Your rent-to-price ratio is often 0.8% to 0.9% for single-family rentals. The average tenant stay is 3+ years in this new construction. Get the report and learn more at: www.GetRichEducation.com/Orlando The growth and economic diversity in the region is astounding. The time is likely "now": brand new construction, high rent occupancy, cash flow, low interest rates, low insurance premiums, low $160K - $220K property cost. Resources mentioned: Central Florida Build-To-Rent: GetRichEducation.com/Orlando Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Should you rent or own your home? Host Keith Weinhold reveals the biggest homeowner myths. Complete episode transcript below. Read along. Subscribe to our weekly newsletter here. Resources mentioned: Business Insider: Rent vs. Own: https://www.businessinsider.com/buying-a-home-instead-of-renting-isnt-always-better-for-your-savings-2017-11 Housing Wire: Homeowners Wish They Were Renting: https://www.housingwire.com/articles/49743-quarter-of-us-homeowners-wish-they-were-renting-instead/ Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Welcome to Get Rich Education. I'm your host, Keith Weinhold. Is homeownership a sham? Is it a rip-off? When it comes to the home that you live in yourself, is it better for you to pay rent to a landlord, or own that home yourself? For your primary residence, what should you do in your specific life situation? You'll learn today … on Get Rich Education. ——————- Welcome to GRE! From Syracuse, Sicily, Italy to Syracuse, New York and across 188 nations worldwide. I'm Keith Weinhold, this is Get Rich Education. Usually on this show, you learn about how buy-and-hold rental property, when bought strategically - produces wealth. We'll return to that next week, but today ... … it's about your primary residence. And, when we talk about, should you own your home or is it better for you to pay rent to a landlord - think about how important this is. Because whether I've had the chance to meet you yet or not, there's one thing that I definitely know about you, and that is, you are always going to live … somewhere. Your housing expense is one of the biggest financial expenses in your life. Despite that it's such a substantial financial decision for you, some people revert to orthodoxy - this FLAWED orthodoxy where they think that owning is always better. That's not true. I really want you to watch your mind as I tell you this today, because there are very likely a few tripwires installed there … and I am about to hit some of them. So do your best to remain calm … if you must. Though more people are waking up to the fact that renting is sometimes better, I still think that popular culture has long reinforced this misplaced notion that owning is always better. "Are you a homeowner, Greg? No. I rent. Oh." Haha! That's from the classic comedy movie "Meet The Parents". Owen Wilson & Ben Stiller - while Robert De Niro - the future father-in-law was party to that chat where he's thinking that the homeowner is the more apropos suitor for his daughter than the renter is. Look, if you can OWN a home and your monthly housing payment is $2,500, but you could instead PAY RENT on an equivalent home for $1,500 - now your cash flow has increased by $1,000. That's money in your pocket today that could be re-invested at a rate of return. Now with your $2,500 housing payment in this example - that's more than just a mortgage payment remember. When you own, your HOUSING payment consists of mortgage principal & interest, property tax, property insurance, maintenance, repairs, utilities and more. You've got to add all that up to get to $2,500. What about that TIME it took you on HOW to repair the leaky faucet when you owned the home? Factor that in. Now, the homeowner might reply, but at least part of my $2,500 payment is building equity for me. Yes, it is. A minority of that payment is building equity. You'd rather have equity - you'd rather have principal paydown than lose it to interest. And you'd rather have equity than nothing. But, as I've discussed extensively elsewhere - so I won't do that again here - home equity is unsafe, illiquid, and it's rate of return is always zero. You can probably repeat that to me at this point - ha! Also, what's more important in your life? Cash flow or equity? Cash flow is what creates financial freedom. As an investor in the pursuit of freedom, in fact, you want to CONVERT your equity to cash flow. Remember, in this $1,500 rent payment vs. $2,500 housing payment scenario on your primary residence … it's the renter that has the additional $1,000 cash flow and the homeowner that builds the equity. Let me remind you. If you would like to READ along as you listen to the show today or you know someone that's hearing impaired, you can read the complete transcript to this episode at GetRichEducation.com/309. That's GetRichEducation.com/309 to see all the Show Notes and the entire written transcript for this episode. Well, some people think that buying & owning their primary residence is: "LIke paying rent. Except you get to keep it." Well,that has caused mill

Where are the big investment risks today? Economic forecaster Harry Dent tells us. Despite pandemic-driven unemployment, tenants are largely paying the rent. The price of an existing American home is now $304,100, surging 8.5%. Lumber prices for a new home are up $16K since April. This increases the value of your property's replacement cost. The new 0.5% adverse market condition fee for refinances is annoying. Learn how to avoid it. In the pandemic, real estate keeps shining. Harry Dent is fired up. He joins me to tell us why he thinks most assets are in a bubble: economics and demographics. His latest book is "Zero Hour". Baby Boomers find renting to be more acceptable today. Harry predicts when stocks will fall 80-85%, a crash occurs, and about the profligacy of the Fed printing trillions in the pandemic. Resources mentioned: Harry Dent's website: HSDent.com Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law). Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high. (Entire episode transcript is below. Read as you listen.) In the pandemic, tenants want single-family homes more than communal apartments. Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee. Homebuilder sentiment is high? Why? High demand, low inventory, low rates. Stagflation is explained. It is a stagnant economy with high inflation. There are signs that inflation is poised to increase. Resources mentioned: Inflation Triple Crown video: https://youtu.be/dZojl686fU0 Section 8 turnkey property: www.GetRichEducation.com/Section8 Stagflation video: https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be Elevator Anxiety: https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Complete Episode Transcript: Welcome to Get Rich Education. I'm your host, Keith Weinhold. The rich are getting richer and the poor are getting poorer. I can't think of any one time in my life where that's been happening more than it has been than right now. I'll tell you why - and what you need to do to get on the right side of that. What is going on in the real estate market and what are the real estate economics that matter? Then, a discussion about inflation. Today, on Get Rich Education. ____________ Hey, you're inside GRE. From Manila, Philippines to Managua, Nicaragua and across 188 nations worldwide, I'm Keith Weinhold. This is Get Rich Education. The rich are getting richer, the poor are getting poorer - and I can't think of any one time in my life where that's been happening more than it has been than right now. Because Americans living paycheck-to-paycheck might now be ... paycheck-less. Some of them are laid off - because of the pandemic - and now they're concerned that there's no national eviction ban. That's right. In most states, non-paying tenants CAN be evicted at this time. Now, you've got to check your local law. Well, when is Congress going to do something to relieve those that the pandemic has left unemployed? Well, they don't even reconvene until after Labor Day. Some people are wondering - "Where is the CARES Act 2?" Where are those updated forbearance options, eviction moratorium, the PayCheck Protection Program, and the $1,200 stimulus checks and the stepped-up weekly unemployment compensation? In fact, Richmond Fed President Thomas Barkin had good metaphor. He said: "Months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate. Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate." That's the end of what the Fed President said. Now, look, I think there's a lot to be said for just letting the free market do it's job. But it's a little hard to be in this laissez-faire, Austrian economics school of thought when some people could be suffering. So that you know what I'm talking about, "lay-say-fare" basically means no government intervention into the free market. Meanwhile, the rich are bingeing off Federal Reserve policy and liquidity injections that keep mortgage interest rates at historic lows and the S&P 500 at an all-time high. Mortgage rates recently dipped below 3%, which is just amazing. You don't even have to be THAT rich … to benefit. If you've got substantial exposure to the real estate market or the stock market, chances are, that those assets are doing alright. One thing that you need to keep in mind as an investor, is that, when the Fed puts rates on the floor, it affects more than just MORTGAGE rates - it affects other rates too - like savings account rates. Just look at the rates at bank savings accounts. Even if you're in one of these online banks that give better yields than traditional brick-and-mortar banks - we're talking about online-first banks like Ally Bank and Popular Bank - they were paying two-and-a-half percent on savings accounts not all that long ago. Even those banks are now down to about three-quarters of one percent - probably less than the real rate of inflation. So because savers get punished worse than ever right now, that, in turn, forces more people INTO things like real estate, because you're in search of that yield. Even retirees can't rely on the paltry income from three-quarters of one p

You contribute to homelessness. I do too. The problem goes right through real estate. Factors include: NIMBYism, minimum wage, salamanders, smoke detectors, and rent control. (Complete transcript on homelessness segment below.) Then, Chicago is a world class city with lots of economic diversification. Chicagoland's numbers make sense for real estate investors. In northwestern Indiana (suburban Chicago), you avoid the high cost of Illinois property. A typical SFH has $1,350 rent and a $125,000 purchase price. If you're serious about building your cash-flowing portfolio, learn more and see property at: www.GetRichEducation.com/Chicago Resources mentioned: Chicagoland turnkey property: www.GetRichEducation.com/Chicago Environmental regulations & housing: https://www.huduser.gov/periodicals/cityscpe/vol8num1/ch5.pdf NIMBYism: Reason.com Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Welcome to Get Rich Education! I'm your host, Keith Weinhold, with a two-part show. Real estate is a substantial input into homelessness. Why are people homeless - and why might you & I be partly RESPONSIBLE for it, in fact? The second part - in general, world class cities don't make any sense to invest in for cash flow - New York, LA, DC, London, Singapore … but we're going to discuss one "world class" city that actually DOES. Today, on Get Rich Education. __________________ Here it is - hey! You're inside GRE. From Sarasota, Florida to Sarajevo - in Bosnia and Herzegovina - and across 188 nations worldwide. I'm Keith Weinhold, this is Get Rich Education. Even in the affluent United States, there is a large and growing population of vagrants - homeless people … more than half a million of them … and you & I … unknowingly play a role in keeping them homeless. Why are people homeless? Well, the #1 reason is real estate-related. So that's why I'm talking about it in the first of two show segments here. Let's look at the Top 5 cited reasons that people are homeless. 5th most common - Substance abuse - drugs. 4th - Mental illness. 3rd - Poverty ...OK, that's sort of an obvious one. 2nd - Unemployment 1st - Lack of affordable housing Lack of affordable housing is the #1 reason that people are homeless. Well, one mission here at GRE is that we PROVIDE society with affordable housing. But, it's generally not the same kind of Class D, lowest-end housing that there is - and that homeless people are looking to get into. We focus on properties just below the median housing price in some of the lower-cost U.S. metros - B-class and C-Class. That's a notch or two above where those on the brink of homelessness would be. The homeless population is more visible in my own home city since the pandemic - and perhaps yours too … now that the unemployment rate is 10%. I'm going to tell you what contributes to homelessness - and a lot of this has to do with real estate: contributors are carbon monoxide detectors, minimum wage, salamanders, NIMBYism, and over the long term: rent control. Now, before we unpack that. Let's define homelessness. One of the better accepted definitions is - a condition where people lack "a fixed, regular, and adequate nighttime residence". That's "homelessness defined". I think you & I can agree that "homeless" is not the best technical term - right? Because even if someone lives under a bridge, that IS their home. Houselessness would actually be more accurate. Vagrancy is an even better way to say it. A vagrant is a person without a settled home or regular work who wanders from place to place and lives by begging. That's what we're really talking about here. But homelessness is the widely understood term, so I'm going to it. Now, HUD - the U.S. Department of Housing and Urban Development has a lot of statistics on the homeless, and ... … as of 2018, they reported there were roughly 553,000 homeless people in the United States on a given night,[2] or nearly two-tenths of 1% of the population. That's about 1 in 500 Americans then. Well, many people - me included - believe that the real number of homeless is greater than this 553,000. In fact, private & local reports tell you that the homelessness have increased 40% per annum in recent years - yeah, 40% per year! A big mistake is that people think about the homeless as all one type. But there are so many different types of homeless. There are the temporary homeless - passing through that 553,000 number. Some are voluntarily homeless. Others are really couch-surfing because perhaps they were in a divorce or domestic violence situation. Then you need to rea

GDP fell 33% annually, the unemployment rate is high, and even the Tokyo Olympics have been postponed, all pandemic-driven. Housing continues to hold up well. Nearly all assets are - gold, stocks, crypto, and some commodities. This is partly due to a weaker dollar. The gap between "haves" and "have nots" widens in the pandemic. 15-year mortgage rates fell below 2%. VP of Grocapitus, Anna Myers joins us to discuss real estate trends, market analysis, and where to invest for economic survival. Neither she nor I see a "V-shaped recovery". I've been saying this for five months. Anna & I discuss real estate's winners and losers in the pandemic. With more people having shakier job situations, fewer qualify for loans. This increases the renter pool. Winners: smaller cities, suburbs, e-commerce, tech, warehouses, places like Salt Lake City, Raleigh-Durham, Memphis Losers: high density places, hospitality, medical, oil, long-term college. Resources mentioned: Grocapitus.com MultifamilyU.com https://www-housingwire-com.cdn.ampproject.org/c/s/www.housingwire.com/articles/uwm-now-offering-15-year-fixed-mortgage-rate-as-low-as-1-875/amp/ Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Income over $75K-$95K does not increase happiness. Earning over $105K actually decreases happiness. This is based on studies from Princeton and Purdue universities. Then what's the point of building wealth? You get answers. These surveys do not consider replacing your active income with passive income. Matt Bowles of Maverick Investor Group joins us to discuss: market due diligence, pandemic changes, and how to use real estate to build lifestyle design. We also discuss changes to the rental market from 2007 to today. Ten years ago, you could buy properties for less than replacement cost. No longer. Markets like Phoenix, Dallas, and Atlanta have largely lost their investor-advantaged status. Check out Matt's podcast, called: "The Maverick Show". Resources mentioned: How Money Really Affects Your Happiness: https://www.cnbc.com/2020/05/26/how-your-salary-and-the-way-you-spend-money-affect-your-happiness.html Maverick Investor Group The Maverick Show: Podcast on Apple Podcasts, Spotify, etc. Remote due diligence: WeGoLook.com NeighborhoodScout.com Mortgage Loans: RidgeLendingGroup.com QRPs: text "QRP" in ALL CAPS to 72000 or: eQRP.co By texting "QRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold