Get Rich Education
Get Rich Education
Aug 31, 2020
308: Stocks Set To Fall By 80%, Home Prices Surge Above $300K - with Harry Dent
Play episode · 47 min

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

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RidgeLendingGroup.com

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The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Author Chad Carson’s Path to Financial Freedom and Full Time Real Estate Investing
In this episode we chat with Coach Chad Carson with coachcarson.com about his journey to financial freedom, real estate partnerships, common challenges for investors and Chad's thoughts of the future of real estate. --- Transcript Michael: Hey everybody. Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by, Tom: Tom Schneider. Michael: And today we are going to be having a really, really, really fun episode with author, teacher Chad Carson with CoachCarson.com . So Chad is gonna be talking to us about all things real estate, his story, how he got started, and now he's been a full time investor since his college graduation. All right, let's jump into it. Theme Song Michael: Chad, thank you so much for taking the time today. Really appreciate you being here with us. Chad: Yeah, thanks, Michael. Thanks, Tom. Really great to be here as well. Michael: And so tell all of our listeners whereabouts in the country are you located. Chad So I live in Clemson, South Carolina. And probably our claim to fame is the university right next door. It's a tiny little town. But Clemson University's here the football team. And so I went to school here and then stuck around afterwards and still live here. And it's really right next to the foothills of the Appalachian Mountains, lots of hiking, lots outdoors, lakes. So just a good good place to live and raise a family and invest in real estate as well. Michael: Awesome. And we were just chatting before we started recording here that you got some rain from this last weather system. But everything is all good. Everything is sounded dry. Chad: As far as I know. Yeah. No emergency text, you know, you guys are about long distance investing and passive investing. You know, most of the time, I don't hear anything from the property managers. They handle it. But now it's every once in a while you do get some emergency text. Michael: So far, so good deal. Awesome. So I know you I think Tom knows you pipe in bigger pockets. It's kind of, you know, you're a big hero of mine for what you've done and what you've written. And we'll get into that in a little bit. But we'd love to get a little bit of your background and your story to start things off here. Chad: Sure. Yeah. Well, I love bigger pockets as well. And what when I first started there, it was 2003. And I graduated from college. And I was a I was a biology major in college, I played football. So I kind of was just, you know, like anybody else when they're becoming an adult trying to figure out what's what's next, what am I going to do with my life. And I was fortunate enough that my dad had rental properties. And I used to like growing up, he would drop me off at a rental property and that he had bought at a foreclosure sale in the middle of the summer in Georgia. And it'll be hot in the junk everywhere and an old refrigerator and he's alright, Chad, I'll be back in a few hours cleaning that frigerator out. They had old, you know, like deer meat or something. I'm sure it sounds like I hate this business. Who would want to do real estate. So low Behold, I graduated from college, I thought why don't I just give this real estate thing a shot for a year or two. And then I'll go back to the real world after that. And 20 years, 18 years later, I'm still still doing that little side hobby of real estate investing. Michael: How great is it? It's so funny how the lens in which we learn about something or see something tends to overshadow you know, somebody of the other facts, right? Because we hear all the time Oh, I don't want to be a landlord. I don't wanna go fix toilets in the middle of the night. Or it is just you know, I don't want to go clean out refrigerators. Chad: Yes, exactly. Yeah, my brother and I were ungrateful little little guys that were complaining about that. But it was really good. It was a good learning experience to I think you all come in a side lesson, but cleaning the floors of the store or cleaning out the frigerator of your landlord. I mean, you don't want to do that forever. But it's really a good learning experience to see the basics of the dirty work of what has to be done. Michael: Absolutely. And so we're all your dad's rentals local to where you guys lit. Chad: He was in Newnan, Georgia still is he has rental properties there and he and my mom have retired and live off a rental income now. And so yeah, that was all kind of local local rentals. And then he's actually now lives in another state. So you know, it's evolved into a long distance rental arrangement for him as well. Michael: Right on and so after you graduated college and started to do your real estate side hustle, I mean, how did you get Into it full time was it was always part time or was it always full time? Chad: It was actually full time for me Luckily, I didn't need a lot of money to live right after college you know, still in the the ramen noodle stage, living and spare bedrooms of friends houses and worst case living in my camera, a Toyota Camry or a 10 or something, you know, so I was I was in that stage of life where I was really low cost no family to support it. So I just jumped in. And rather than being an investor, I was really more accurately an entrepreneur, who is just trying to find good deals, we would flip them we would either typically when I my first year to have a business partner, we've worked together the whole time, we would find deals for other people and just kind of pass them on for a small fee is what's called a wholesaler. So that was how we learned the business, cut our teeth. And then but as we learned to do that, we picked up that skill of finding good deals, it was kind of a natural step to start borrowing our own money from private investors from a couple local banks. And so we started flipping some houses where we fixed them up and flipping, flip them. And then after another A few years after we built up a little bit of capital, we started doing rental properties. And that's really split now that's that's our main thing. Now we very rarely do any flips. But we do rental properties. We loan some money to other people who are flipping houses so we're more of a kind of transition into a more passive investor long run Michael: Right on you kind of covered the Whole real estate investing schema there, didn't you? Chad: Yeah, I've been fortunate to be able to do a lot of it. Yeah, I've been on the money side now a little bit more the buy and hold the flipping, I've been the one who's out there making, you know, 5, 10 offers a week, you know, knocking on doors trying to buy properties that are, you know, in distress situations or landlord. So, it's been fun to be able to do all aspects of it. And I think it's kind like I talked about earlier, some point, if you want to outsource it other people, I don't think you need to know how to be an expert on everything. Like I'm not an expert, remodeler, contractor. But it certainly helped me be able to make decisions a little bit better with our money. Knowing all the details, what has to be done, Michael: That makes sense. Tom: It's almost more important to know where your gaps are at, you know, you know, versus coming in. And hubris and you know, saying that you're the best and every as that's a great point. Chad: Yeah, yep. Michael: And was all this local to where you were Chad? Chad: It was at the time. Yeah, so I've always invested in Clemson, I was fortunate that, you know, not a lot of people in the country aren't as fortunate that the deals that we were flipping also transition nicely into rental properties. And actually, my very first rental property was a house that I bought from another investor, the investor owner financed it to me with a really small downpayment. And I moved in briefly for like six months, and I realized is like a 2324 year old kid, as I can't afford this house with like $750 payments, and it'…
39 min
The Art of Passive Income
The Art of Passive Income
Mark Podolsky
How To Get A Passive Return On Your Investment
Omar Khan is a real estate investor with over 10 years of global investment experience. He is a CFA Charterholder and has graduated from the University of Toronto with a B.Com in Finance. Omar is one of the people behind Boardwalk Wealth, a private equity firm in Dallas, Texas which connects international investors with US-based multifamily real estate opportunities. He is responsible for capital raising, strategic planning, and investor relations. Omar has worked for 10 plus years in corporate finance investment and has advised on over $3.7 billion of capital financing and M&A transaction. Four years ago Omar moved from Canada to Texas with his wife and newborn son. Listen in as they discuss: * Omar’s entrepreneurial journey * Who is an ideal buyer for his service * A realistic expectation of doing a multi-family deal * CAP rates and how it works Omar also shares some of the worst advice he’s seen or heard in his area of expertise. TIP OF THE WEEK Mark: My tip of the week is learn more about multi-family investing, or if you just want to passively get a nice return investment listen to Omar Khan. Just go to boardwalkwealth.com, it’s a really good place to start. Scott: Go check out invideo.io, it’s very cool they have all kinds of graphics. Omar: Check out US Census Data, it’s free and it got pretty much all other resources you’ll see online, they’re building up US Census. Also, there are free sites called city-data.com, bestplaces.net and you can go to niche.com they got better graphics. _Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?_
28 min
Master Passive Income Real Estate Investing in Rental Property
Master Passive Income Real Estate Investing in Rental Property
Dustin Heiner
Investor Coaching: How to Raise Your Credit Score FAST! I raised mine 100 points in 6 weeks!
I raised my credit score by 100 points in a couple months. In this video, I show you exactly how I did it and how you can increase your credit score too! Get the Free Real Estate Investing Course: https://www.masterpassiveincome.com/freecoursep Join the Real Estate Wealth Builders Investor Membership https://www.masterpassiveincome.com/buildersp My Website: https://masterpassiveincome.com // WHAT TO WATCH NEXT How to Become Successfully Unemployed: https://youtu.be/wx5Ke9KVs58 Get Money For Investing in Real Estate: https://youtu.be/u4IY5UMDkrI How to Start Investing In Real Estate: https://youtu.be/fJVOeSgXZRQ How to Analyze a Real Estate Investing Deal in 5 Seconds: https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business: https://youtu.be/B9RzLkAZI9s How to Use Owner Financing to Make Loads of Money: https://youtu.be/qAOpCOWvj6Q //BEST REAL ESTATE INVESTING RESOURCE LINKS Find Off Market Properties: https://masterpassiveincome.com/propertysearch Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Accurate Rental Rates: https://masterpassiveincome.com/rentometer Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/ Join our free private Facebook group! https://masterpassiveincome.com/group NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
14 min
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 236: The Financial Freedom to Do What You Love – With Megan Lamke
Time is precious. Are you spending your days doing what you love with the people you love? What if multifamily real estate could help you do just that? What if you could achieve financial freedom fast—regardless of your current financial situation? Megan Lamke is Managing Partner at Megan Lamke Real Estate, a firm that helps driven women turn their grit into true financial growth. She built a network of real estate investors working for Wells Fargo Home Mortgage, and once she and her husband, Darik, had paid off their personal debt ($535K in under 5 years!), they started investing passively in multifamily syndications. Megan quit her corporate job to pursue active investing full-time in April of 2019, and today, the Lamkes have a portfolio of 1,491 units valued at $344M. On this episode of Apartment Building Investing, Megan joins me to explain why she took a W-2 job after college (despite wanting to become a real estate entrepreneur) and what she and Darik did to live below their means and pay off their debt so fast. She describes what she did to find a good operator as a passive investor and how she leveraged her sales and marketing background to transition to active investing. Listen in for Megan’s insight on how to raise capital at scale with a platform and learn how YOU can achieve financial freedom and spend time doing what you love! Key Takeaways When Megan started thinking about real estate * Parents struggled financially, read Rich Dad Poor Dad at age 10 * Entrepreneurship and business clubs in high school and college Why Megan took a W-2 job after college * Needed to pay off student loan debt before leave Rat Race * Learned sales skills, got to work with real estate investors What Megan and her husband did to live below their means * Sold luxury cars, bought cars for cash * House hacked 6BR (rented to rugby teammates) * Side hustle as sales and marketing consultant How Megan and her husband got on the same page financially * Financial literacy class as part of premarital counseling * Set goal to pay off debt, achieve financial freedom How Megan’s strategy shifted once she was out of debt * Sold 6BR house to invest passively in multifamily syndications * Goal to replace corporate salary as quickly as possible Megan’s advice on finding a good multifamily operator * Look at track record, online reviews, lawsuits and marketing efforts * Ask questions re: where properties located, how managed, etc. What Megan’s last day of work was like * Surreal (like leaving the Matrix) * Culmination of goal that started in fifth grade How Megan’s life is different now that she’s a full-time investor * Control own time (decide when to work) * Spend more time with daughter, volunteering What active investing looks like for Megan * Use SDA to underwrite 10 deals/day (300 in 2019) * Leverage background in sales and marketing to build out platform What Megan has done to scale her capital raise efforts * Done-for-you tech stack to automate lead gen, booking calls * 30 to 37 calls with prospective investors every week What Megan is doing to attract prospective investors to her platform * Create content (social media, videos, blog and weekly webinar) * Sponsor real estate events, promote lead magnet on podcasts How Megan describes her ideal investor * Successful career woman age 40-55, primary breadwinner * Gritty and knows how to get stuff done How the automation works to turn interested prospects into investors * Receive automated email with free download * Follow up with drip marketing campaign to encourage call How much capital Megan has raised through her online platform * $18M raise to close on $49M apartment building * In process of closing on $18M 503(c) How raising capital looks different now that Megan has a platform * Don’t have to call each investor, track follow-up manually * One centralized management tool that automatically follows up Connect with Megan Lamke Megan Lamke Real Estate Megan’s No-Nonsense Women’s Guide to Investing Megan on Facebook Megan on Instagram Megan on LinkedIn Resources Register for Michael’s Platform Builder Incubator Join the Nighthawk Equity Investor Club Rich Dad Poor Dad by Robert T. Kiyosaki Business Professionals of America DECA Dave Ramsey Robert Kiyosaki Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even without Experience or Cash by Michael Blank The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod Michael’s Syndicated Deal Analyzer Trello Investor Deal Room Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
36 min
The Brian Buffini Show
The Brian Buffini Show
Brian Buffini
Making Your Quantum Leap, Part 2 #247
“You’re more ready for a quantum leap than you know.” – Brian Buffini If you want to make extraordinary breakthroughs and achieve higher performance levels, you must take action. In this episode, the second part of a session recorded live at MasterMind Summit, Brian takes a deep dive into how to make a quantum leap in your life. He explains why you should trust your gut, while also knowing the difference between your instincts and a whim; how your past successes can become your prison; and why you already have everything you need to make a quantum leap if you let others help you. YOU WILL LEARN: * What you have now that you didn’t have before. * What a quantum leap is, and what it isn’t. * What you need to do before you take the leap. MENTIONED IN THIS EPISODE: Buffini & Company MasterMind Summit “Chicken Soup for the Soul,” by Jack Canfield and Mark Victor Hansen “The Alchemist,” by Paulo Coelho The John Brockington Foundation INSPIRATIONAL QUOTES FROM THIS EPISODE: “I would rather trust my gut and suffer failure than not trust my gut and have some moderate success.” – Brian Buffini “Every time you take a risk or move out of your comfort zone, you have a great opportunity to learn more about yourself and your capacity.” – Jack Canfield “Before anything else, preparation is the key to success.” – Alexander Graham Bell “Unsuccessful people make decisions based on their current situation. Successful people make their decisions based on where they want to be.” – Anonymous “Be brave. Take risks. Nothing can substitute experience.” – Paulo Coelho https://www.TheBrianBuffiniShow.com http://www.brianbuffini.com Instagram: https://www.instagram.com/brian_buffini Facebook: https://www.facebook.com/brianbuffini Twitter: https://twitter.com/brianbuffini Theme Music: “The Cliffs of Moher” by Brogue Wave
25 min
Real Estate Rookie
Real Estate Rookie
BiggerPockets
School Teacher Making $72,000 a Year in Cashflow with Amy Barber
What do you get when you combine Dave Ramsey-style frugality with aggressive deal-finding tactics? You get teacher Amy Barber and her fiancé, Jay – and their $6,000 monthly cashflow in rural Iowa. In this episode, Amy shares her strategies for buying foreclosed ranch houses in cash, cleaning them up, then refinancing so she can repeat the process again and again. Think no one's doing deals during the pandemic? Well, she's bought 4 houses in the past 4 months, and plans to keep going until she's making enough to comfortably leave her W-2 job. If you're looking for guidance on how to build the financial foundation so you can invest in real estate from a position of strength, Amy's story will fire you up and get you ready to take that most important next step toward "getting rich slowly" just like her. By the way, Amy came to our attention through the Real Estate Rookie Facebook group. If you find other awesome investors who would make a great fit for the show, tag us or send them to biggerpockets.com/guest so they can apply. In This Episode We Cover: * How Amy got started as an "accidental landlord" during the Great Recession * Buying 4 properties in the last 4 months * Finding deals through her fiancé's job in foreclosure preservation * How they bought a foreclosed house and created $50k in equity * Taking Dave Ramsey's course to get her finances under control * Delaying gratification and making sacrifices to create enough cashflow to quit her W-2 job * Working 2 jobs and doing real estate on the side * And SO much more! Links from the Show * Real Estate Rookie Facebook Group * Felipe's Instagram * Ashley's Instagram * BiggerPockets Forums * BiggerPockets Podcast * Financial Peace University by Dave Ramsey * Airbnb * Outdoorsy * Mint * Cozy * Stessa * Apartments.com * Asana * Zillow * Brandon's BiggerPockets Profile * BiggerPockets Money Podcast Check the full show notes here: https://www.biggerpockets.com/rookie34
49 min
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