Get Rich Education
Get Rich Education
Nov 30, 2020
321: Booming Home Price Appreciation and Record Prices
Play • 43 min

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

BiggerPockets Business Podcast
BiggerPockets Business Podcast
BiggerPockets
91: How Businesses Get Sold for Millions with Chris Younger
If you’re a new entrepreneur, it may seem like a dream to sell a business for millions of dollars. People like Chris Younger, make that dream a reality. Chris founded Class VI Partners, an investment bank that helps entrepreneurs plan and prepare businesses for sale. Chris will be the first to admit that selling isn’t an easy process, it takes time, patience, and a lot of documentation. Chris compares selling your business to running a marathon: you need to be in it for the long haul to finish strong. He helps owners reach a price point that works for their future, and helps create the processes around selling that enable a new owner to carry the business to new heights. For many owners, success in selling comes from doing the hard work upfront, not putting it off for your future self (and employees) to deal with. So why would an entrepreneur want to sell? Maybe it's personal timing and they feel like they’ve given the business as much as they possibly can. It also could be business timing, the business may be seeking a new change in direction. Or it could be buying timing, a buyer comes in with the right offer, the right ability, and makes the sale. Whatever a reason for selling a business, a business owner needs to be prepared for their business to sell at some point. So even if you’re just starting out, hearing words of wisdom from Chris may net you a few more million dollars! Check the full show notes here: http://biggerpockets.com/bizshow91
55 min
BiggerPockets Podcast : Real Estate Investing and Wealth Building to Help You Get Bigger Pockets
BiggerPockets Podcast : Real Estate Investing and Wealth Building to Help You Get Bigger Pockets
BiggerPockets.com : Joshua Dorkin and Brandon Turner
BiggerPockets Podcast 436: Going into Multifamily When You’re Fairly New to Real Estate with Jamie Gruber
There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors. This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network. Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID). Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!
Play
The Brian Buffini Show
The Brian Buffini Show
Brian Buffini
Matthew McConaughey – an Interview on His New Book, “Greenlights” #261
“Somewhere down the line in life, in the rearview mirror, all yellows and reds I believe do eventually turn green - or at least reveal a greenlight asset in our life.” – Matthew McConaughey Often, the setbacks that stop us or slow us down in life actually help us to ultimately succeed. In this episode, Brian interviews actor Matthew McConaughey about his memoir, “Greenlights.” Matthew explains how, through all of the successes, failures, joys and sorrows he has experienced, he has found happiness and meaning in his life. He also describes how, by learning to effectively deal with life’s challenges, you can always keep moving forward and enjoy a state of success he calls “catching greenlights.” READ FULL EPISODE TRANSCRIPT YOU WILL LEARN: * How “The Greatest Salesman in the World” powerfully impacted him. * How his father’s death refocused his priorities. * Why he “unbranded” himself to move away from rom-coms to more dramatic roles. MENTIONED IN THIS EPISODE: “Greenlights,” by Matthew McConaughey Greenlights “The Greatest Salesman in the World,” by Og Mandino “Emerson's Essays,” by Ralph Waldo Emerson “Self-Reliance,” by Ralph Waldo Emerson “Raising Arizona,” movie INSPIRATIONAL QUOTES FROM THIS EPISODE: “When faced with the inevitable, get relative.” – Matthew McConaughey “Be less impressed with things; be more involved.” – Matthew McConaughey “We all know that, to succeed, we need to do good, hard work. But is it the right kind of hard work?” – Matthew McConaughey “When you go and you endure something and you're kind of taking a penance, with each day you kind of build a little bit more honor and strength.” – Matthew McConaughey “I've never had any trouble turning the page in the book of my life.” – Coach Darrell Royal “We are the author of our own book.” – Matthew McConaughey “The way to find the greenlights is by persistence, or pivot or … sometimes knowing when to wave the white flag.” – Matthew McConaughey
40 min
The ONE Thing with Geoff Woods
The ONE Thing with Geoff Woods
Produktive
How Shared Values Multiply Your Impact
No one succeeds alone. In fact, our ideas and impact can multiply when we collaborate with the right people, at the right time, on the right ONE Thing. Last week, we shared about a new ONE Thing tool to help people discover their core values and live their purpose—the Core Values Deck. We’re going to dive into the story of how the idea for that deck became a collaboration in order to reach more people and make a bigger impact. Opportunities are everywhere, and with every new opportunity, you have to choose: do you say yes or no? And when you’re a leader, this choice affects everyone within your organization. But when everyone understands each others’ core values, you’ll be able to align your decision making with what matters most and multiply your efforts. When you understand someone’s core values, it can be a compass to predicting how successful you will be together and the scale of the impact you can have. If you want to learn more about the Core Values Deck, visit the1thing.com/corevalues. In this episode, you will learn... * [05:08] How two different ideas come together to form a collaboration * [11:40] How your values lead to your purpose * [16:24] Being honest about your values * [23:10] Finding out how to add more of your value into your life Links & Tools From This Episode * the1thing.com/corevalues -- Do you run a small business? Small business owners wear a lot of hats. Some of those hats feel incredible to wear. However, filing taxes and running payroll... well, for most of us, they don’t feel great and they’re not our ONE thing. That’s where Gusto comes in to help you make payroll, taxes, and HR easy. So ask yourself, it time to take off some of your hats? You can get three FREE months when you run your first payroll at Gusto.com/ONE. -- Setting new health and fitness goals this year? FitTrack can give you in-depth insights on your fitness progress to help you reach your goals faster. FitTrack is all about measuring health, not just weight. Get personalize insights and a clearer picture of your overall health by honing in on your body type that gives you information that will help you achieve the results you want. Stop measuring weight, and start measuring health. Take 15% off your order plus an additional 10% off at fittrack.com/ONE.
28 min
Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing
Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing
Jasper Ribbers
How to Manage Your Linen Efficiently
What kind of linens should you buy for your short-term rentals? Should you focus on quality or durability? And how do you take care of the bedsheets and towels so that they last longer? Harold Gonzalez is the Cofounder of EXSTR Apartments, a STR property management company based in Cali, Colombia, where ‘the weather is hot, the drinks are cold and you’re always welcome.’ Harold got his start in hospitality working for Marriott International in New York City, and after eight years in the hotel industry, he transitioned to vacation rentals. Today, Harold and his business partner, Patrick, manage a portfolio of 21 units—including my penthouse in Cali! Harold has special expertise in maintaining linens, and he recently led a training on the subject in our STR Profit Academy. On this episode of Get Paid for Your Pad, Harold joins me to explain how to manage your linen efficiently, offering insight on how to decide what type of bedsheets and towels to offer your guests and find the right balance between durability and quality. He shares the do’s and don’ts of washing and drying linens for a short-term rental, describing how to get rid of difficult stains without using harsh chemicals. Listen in for Harold’s advice on deciding whether to outsource linen management or take care of it in-house and learn how to extend the life span of the bedding and towels in your Airbnb units. Topics Covered Harold’s insight on traveling to Cali, Colombia * Beautiful weather, third largest city in country * Some COVID restrictions but open to air travel Harold’s background in the hospitality industry * 8 years with Marriott Hotels in New York City * Worked way up to management in short time The pros and cons of outsourcing linen management * Saves time * More costly, less control How to decide what type of linens to offer guests * Look at what competitors offer, guest feedback * Consider type of travelers who stay with you * Find balance between durability and quality Harold’s advice on choosing the best linens for a STR * Thread count from 200 to 300 * Cotton-polyester blend (soft and durable) * All white associated w/ cleanliness + comfort * Keep three sets on hand for each unit The don’ts of washing and drying STR linens * Don’t ball up sheets or overload machines * Don’t use harsh chemicals * Don’t put detergent directly on linens * Don’t use too much detergent * Don’t dry on high heat or let sit in heat * Don’t use fabric softener The do’s of washing and drying STR linens * Do spot treat stains * Do use mild detergent * Do unfurl linens * Do use medium heat settings * Do soak in vinegar + baking soda regularly How to get rid of stains on linens * Treat grease and oil w/ dish detergent * Use denatured alcohol on makeup stains * Get rid of dirt w/ baking soda + vinegar * Try baking soda or salt to lift wine * Only use bleach as last resort How to extend the life span of your STR linens * Post house rules, inventory and instructions * Provide makeup wipes or black towels * Offer guests disposable towels for accidents Connect with Harold EXSTR Apartments Resources STR Profit Academy Your Porter [Discount Code PAD] Email jasper@getpaidforyourpad.com Sponsor Hostfully See acast.com/privacy for privacy and opt-out information.
30 min
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