Get Rich Education
Get Rich Education
Feb 25, 2019
229: How To Obtain A Loan For Income Property with Caeli Ridge
Play • 45 min

#229: Holy shift! Mortgage rates have hit their lowest level in a year.

5.5% interest rate and a 20% down payment for an income property are today’s terms.

740 credit score gives you the best rates.

Beyond your first 10 properties (single) and 20 properties (married), there is NO LIMIT on the number of properties you can buy (SFHs to four-plexes).

Though after 10 single / 20 married, your interest rate will be higher, though not by much.

Learn from Ridge Lending Group CEO & President Caeli Ridge about what you need to qualify for an income property loan today.

We discuss your DTI: debt-to-income ratio. I give an example of how to determine yours.

Want a cash-out refinance of your income property? 75% LTV for SFHs, 70% LTV for 2-4 unit properties.

Learn about why today’s smart money often buys 1-4 unit properties rather than larger apartment buildings …

… it’s the safety & stability of 30-year fixed loans.

Remember, last month on the show, Jim Rogers told us interest rates will go much higher over the long-term.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Mortgage Loans:

RidgeLendingGroup.com

Find Properties:

GREturnkey.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

 

Real Estate Investing for Cash Flow with Kevin Bupp
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
#306: Real Estate Through the Years, Investing During Recessions, and Much More! -with Larry Lieberman
Larry Lieberman is the president and founder of the Barrington Group. For more than 40 years, The Barrington Group's company philosophy has been to provide excellent quality maintenance service, good clean, well-manicured grounds, well-prepared apartments, friendly courteous professional staff members, and a genuine real concern for the health, safety, and well-being of their residents. The Barrington Group believes in long-term ownership. They do not “build and sell” or “flip” their properties; in fact, they still own and manage most of their original portfolio. An excerpt from their website, which I think will provide some additional context to the type of company Barrington is - “We know our residents, they know us…. we strive to have the same staff at a property year after year. Our residents are not subject to “new management” with changing rules and fewer quality standards. Because we are long-term owners, we must pay attention to keeping our properties in excellent physical condition…. to prevent them from aging… we spend considerable resources on keeping our properties beautiful. Quotes: “There were companies out buying everything in sight, but we couldn’t compete because we wanted cash flow absent of the tax benefits. We weren’t players. We weren’t out building and developing and buying because we couldn’t compete with the tax credit mentality.” “The basic components that we adhered to, to turn properties around in the ’60s, was I believe in giving a good, well maintained and clean apartment for a reasonable price. And for which, I expect my rent, and I expect it on time. We adhere to that, and we’ll do our part first so that you’ll do your part second.” Highlights: 5:22- Larry tells us about his background and how he found his way into real estate 13:39- Larry shares how prior to 1987 he kept from falling into the trap of bad deals due to inflation 18:53- Larry tells us about changes in his property management style that helped him manage his business more efficiently in the 60s after acquiring 2000 assets 21:23- Larry shares the struggles he has faced in his career and how he has overcome them 27:04- Larry tells us how he makes determinations in large rehab projects as to not over renovate 30:40- Larry talks about the best-valued lifestyle commodities in communities 32:27- Larry tells us about shifts and changes he’s made due to COVID Guest Website: http://www.bgiapartments.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team
43 min
Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 250: The Best of 2020 on Apartment Building Investing
We’ve always said that multifamily is recession-proof, and 2020 gave us a chance to prove it. While the stock market and other asset classes suffered in the pandemic, apartment buildings continue to provide steady cashflow and a safe place to keep our money growing for the long term. So, what can syndicators do to get this message to more people and build a successful real estate investing business? On this episode, I’m sharing the Best of 2020 on the Apartment Building Investing Podcast, beginning with last year’s biggest news—the Coronavirus pandemic. We revisit Drew Kniffin’s thoughts on the risk COVID poses for passive investors, Drew Whitson’s take on why multifamily is still the strongest asset class in real estate, and Russell Gray’s insight on how to protect your wealth in a crisis. We look back at my conversations with Pat Flynn and Amy Porterfield on marketing to investors online and my interview with Gino Wickman around what it takes to be a successful entrepreneur. Listen in for master deal maker Garrett Lynch’s insight on choosing the right market and get inspired by BiggerPockets VP Brandon Turner’s approach to achieving BIG things with tiny action. Key Takeaways How COVID is likely to impact passive investors in multifamily * Unless already run poorly, virus won’t bankrupt property * Much better option than stock market (30% paper loss) Why multifamily is still the strongest asset class in real estate * Performs well through economic disruption * Office buildings, retail and medical suffered in COVID What makes real estate a solid investment (even in a crisis) * Fits criteria of being both REAL and ESSENTIAL * Governments support housing, energy and healthcare What to look for in a multifamily real estate market * Resources available to operate and steady dealflow * Population, job and overall economic growth Who should consider building a thought leadership platform * EVERYONE can build personal brand online * Place to announce, connect and prove authority Why an email list is more valuable than social media followers * Algorithms change, you don’t own social platforms * Email list = YOUR asset for growing relationships How to choose the right lead magnet for your audience * IRRESISTIBLE piece of free content (trade for email addy) * What avatar needs to believe to do business with you The eight critical mistakes most entrepreneurs make * Not having vision * Hiring wrong people * Not spending time with your people * Not knowing who customer is * Not charging enough * Not staying true to your core (shiny object syndrome) * Not knowing your numbers * Not crystalizing roles and responsibilities The eight disciplines for increasing your chances of success * Clarify vision * Decide if you’re ‘partner person’ * Bigger problem = more success * Get feedback early and often * First plan will not be final plan * Work hard (really hard) * Take criticism with grain of salt * See it every night The two kinds of ‘partner people’ in entrepreneurship * Equal partners * Give equity but maintain controlling interest Why it’s crucial to have a clear vision for your business * Know where you want to be and take next tiny step * Ask what’s cool and write as if you’re already there Connect with Drew Kniffin Drew at Nighthawk Equity Drew on LinkedIn Connect with Drew Whitson Drew at the Michael Blank Mentoring Program Drew on LinkedIn Connect with Russell Gray The Real Estate Guys Russell on LinkedIn Connect with Garrett Lynch Garrett at Nighthawk Equity Garrett on LinkedIn Connect with Pat Flynn Pat’s Website Pat at Smart Passive Income Connect with Amy Porterfield Amy’s Website Marketing Made Easy Podcast Connect with Gino Wickman Entrepreneurial Leap Entrepreneurial Leap: Do You Have What It Takes to Become an Entrepreneur? by Gino Wickman Connect with Brandon Turner Open Door Capital BiggerPockets Podcast The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing by Brandon Turner Resources Drew Kniffin on Apartment Building Investing EP208 Drew Whitson on Apartment Building Investing EP228 Russell Gray on Apartment Building Investing EP226 Garrett Lynch on Apartment Building Investing EP231 Pat Flynn on Apartment Building Investing EP210 Amy Porterfield on Apartment Building Investing EP212 Gino Wickman on Apartment Building Investing EP243 Brandon Turner on Apartment Building Investing EP221 Bryce Stewart on BiggerPockets Podcast EP276 Vivid Vision: A Remarkable Tool for Aligning Your Business Around a Shared Vision of the Future by Cameron Herold Find Out More About Deal Maker Live Learn More About Michael’s Mentoring Program Register for Michael’s Platform Builders Workshop What’s the Best Investment: The Stock Market or Real Estate? Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group Email digital@themichaelblank.com
40 min
Self Storage Income
Self Storage Income
AJ Osborne
Pricing a Storage Unit - How to Know Exactly What to Charge to Increase Value
Welcome back everybody to the Self Storage Income Podcast! This is your host AJ Osborne. Today we have the big daddy of them all… unit pricing. If you own, operate, or are looking at investing in storage, have you every asked yourself: What should you be charging for the units at your storage facility? How do you know what the storage market can handle in your area? How much can you increase the rate of your storage units? What’s the BEST price you should charge for your storage units? If you’ve asked these questions before, you’re certainly not alone. You’d be surprised how many storage facilities we come across that are extremely under valued. They’re not charging the rates they could be. This is a great problem to have as an owner or investor, because you can immediately and simply resolve this issue. Not only that, you can increase your revenue by incredible amounts. This is what we’re going to jump into today. We’re going to cover everything unit pricing and help to answer all the questions you might have in regard to pricing units. To do this, we need to be able to accurately measure supply, demand, how to increase storage demand, value of our tenants (even over time), finding your ideal customer, and much more. One super important thing I want you to take away from this episode is to realize that each and every single one of the storage units at your facility is an individual product. I talk more on this idea on the podcast and why this frame of mind is so important. As always, thanks a ton for all your amazing support everybody. Thanks for listening! AJ Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how to contact a current owner, and ultimately how to land a deal and purchase a storage facility. You can also find the Self Storage Income Podcast on: * iTunes * Spotify * Stitcher The Self Storage Income Podcast is Sponsored by: Janus International - https://www.janusintl.com/ Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page Live Oak Bank - liveoakbank.com/incomepodcast
32 min
The Wealth Without Wall Street Podcast
The Wealth Without Wall Street Podcast
By Russ Morgan CFP® & Joey Muré
How to Bet on Yourself with Alex Pardo
#173: When was the last time you invested in yourself? How far are you willing to go to get clarity and reach a successful and fulfilling life? Today’s episode features Alex Pardo, host of https://podcasts.apple.com/us/podcast/the-flip-empire-show/id1120765959 (The Flip Empire Podcast) and co-founder of https://www.ascendyoursuccess.com/ (ASCEND), a high-level mastermind and coaching community. Whether you are stuck in your job and unsure of the next steps or have a business that you want to grow, Alex’s story will resonate with you. Learn how taking chances and betting on yourself can help you realize your life purpose and carve your path to success.  Top 3 Things You'll Learn: Shaping your vision and discovering the courage to follow through Scale to get better, not to get bigger How to gain clarity, have the hunger to grow, and impact people    About Alex: Alex Pardo is the host of https://podcasts.apple.com/us/podcast/the-flip-empire-show/id1120765959 (The Flip Empire Podcast), where he shares strategies, interviews, and insights for smart real estate investors to help them grow and scale in the real estate investing business. He is also the co-founder of https://www.ascendyoursuccess.com/ (ASCEND), a high-level mastermind and coaching community for Entrepreneurs that want to experience a better life and business.  While involved in multiple businesses, masterminds, coaching, and delivering podcasts, Alex is a family man first. He is married to Natalie, and they have two beautiful girls, Arianna & Alessia. Through his commitment, Alex can fulfill his purpose of helping others achieve freedom while passionately living his vision with his family, experiencing life to the fullest, and positively impacting people's lives.    Connect with Alex: FlipEmpire: https://flipempire.com/ (https://flipempire.com) The Flip Empire Podcast: https://podcasts.apple.com/us/podcast/the-flip-empire-show/id1120765959 (https://podcasts.apple.com/us/podcast/the-flip-empire-show/id1120765959) ASCEND: https://www.ascendyoursuccess.com/ (https://www.ascendyoursuccess.com)
34 min
Master Passive Income Real Estate Investing in Rental Property
Master Passive Income Real Estate Investing in Rental Property
Dustin Heiner
Investor Coaching: Invest in Mobile Homes | Watch OUT! You WILL Lose Money!
Mobile homes are not necessarily investing for a few reasons. Single family real estate is investing because it makes you money in 6 different ways. Watch this video before you invest in mobile homes. 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!
8 min
Wealth Labs with Garrett Gunderson
Wealth Labs with Garrett Gunderson
Garrett Gunderson
150. Why Compound Interest May Be OVER-RATED / Ask The Money Nerds
Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode! In this episode of Ask the Money Nerds, Garrett takes a deep dive into the commonly discussed money topic of compound interest. Is compound interest a myth? When is the right time to take money from a retirement plan? Is compound interest the only way to grow your wealth or is it over-rated? Today, we explore how the banks and institutions make money while giving you the opposite advice on how you can grow your money. We take a look at some of the pitfalls with utilizing government sponsored plans and the traps of keeping your money "invested" for as long as possible even if it's not to your long term benefit. *** If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews! Check Out Garrett's Books: Killing Sacred Cows - https://amzn.to/2lMbX1i What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book Connect with Garrett: Facebook: https://www.facebook.com/garrettbgunderson Twitter: https://twitter.com/GBGunderson Instagram: https://www.instagram.com/garrettbgunderson LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/ Website: https://wealthfactory.com/
20 min
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