Get Rich Education Real Estate Investing with Keith Weinhold

No one gets wealthy from a high salary. Wealth is acquired by owning things.
But how can you own MANY things without much money? I discuss it.
Learn how to use major banks (Chase, Wells Fargo) to fuel your wealth and retirement when you’re young. 
Debt is like fire. Kids will burn down the house with fire. Adults will use fire (debt) to produce prudent leverage and outsized returns. 
High salaries don’t create wealth due to: lost time, no leverage, few tax benefits, and entrapment due to sunk education costs.
I sat down with a conventional financial advisor. Things got interesting. 
Learn why Western US homes cost more than Eastern US homes. This fact confounds most real estate pros. I break down 8 reasons.
Resources mentioned: 
Show Page:
GetRichEducation.com/497
For access to properties or free help with a
GRE Investment Coach, start here:
GREmarketplace.com
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Invest with Freedom Family Investments. 
You get paid first: Text FAMILY to 66866
For advertising inquiries, visit:
GetRichEducation.com/ad
Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” 
Top Properties & Providers:
GREmarketplace.com
GRE Free Investment Coaching:
GREmarketplace.com/Coach
Best Financial Education:
GetRichEducation.com
Get our wealth-building newsletter free—
text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
 
Complete episode transcript:
Welcome to GRE! I’m your host, Keith Weinhold.
Don’t make this giant wealth mistake - understand why a high salary does NOT create wealth. Learn what does instead. 
See how to get deep pocketed-banks like Chase & Wells Fargo build wealth for YOU. 
I recently sat down with a traditional financial advisor - this got interesting. Then, why do WESTERN US homes cost more than EASTERN us homes? All today, on Get Rich Education.
 
Welcome to GRE! From Port Jervis, NJ to the Port of Bellingham, WA and across 188 nations worldwide, I’m Keith Weinhold and you’re listening to Get Rich Education. Welcome in!
 
When I grew up, I thought that people got wealthy from high salaries. I figured that I could get wealthy if I got a high salary too.
 
And then adulthood has proven to me that… they don’t. 
 
People don’t get wealthy from high salaries. They get wealthy by OWNING THINGS.
 
Let’s break this down. 
 
People DON’T get wealthy from high salaries. 
 
In fact, have you ever seen THIS happen? I haven’t. I worked as an employee in both the public sector and the private sector, and I’ve been a longtime real estate investor and entrepreneur. 
 
In fact, how would anyone even GET wealthy from a high salary?
 
If you’ve got a job… you’re trading your time for dollars and selling your time for money. 
 
I used to do that too… and I actually think that everyone might get some perspective by having a taste of that. Most get that taste.
 
And say you’re even entrenched in the game of climbing the corporate ladder, to a higher and higher salary.
 
Well, first, in my experience, many job promotions get you perhaps 10 to 30% more in salary, but 2x to 4x the responsibility - that’s 200% to 400% more responsibility.  
 
Even if there’s an edge case here, in your situation, in climbing the corporate ladder - where does that even get you in the end?
 
Look at your supervisor and their lifestyle. Is that what you want to be?
 
Look up higher at your supervisor’s supervisor. What’s their life like? Is that the life that you REALLY want? 
 
Is that what you aspire to be - and expend so much of your most precious resources to get THERE - time, time away from your family, energy, skill, potential.

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Apartment construction is falling. It’s not because banks are pulling back from lending. Projects aren’t feasible for builders.
Housing market intelligence analyst Rick Sharga returns to discuss the real estate market. 
We discuss: real estate price movement, affordability concerns, expected mortgage rate changes, migration, price reductions, new homes vs. existing homes.
Can anyone even find a new-build $225K detached SFH today? They’re nearly extinct.
Homebuilders are still buying down mortgage rates for you into the 4%s and 5%s at GREmarketplace.com.
America needs more SFHs, especially at the entry-level. 
Apartment rents have declined a little. SFH rents are up about 3% year-over-year. 
Delinquency and foreclosure activity remains low. These have a strong correlation with unemployment rates.
The volume of homes sales should increase this year, but only by perhaps 10%.
A recession is still quite possible later this year and expected to be mild.
Every region of the nation is currently experiencing residential RE price growth. 
When mortgage rates fall, more new buyers than sellers are expected, pushing up property prices.
Resources mentioned:
Show Page:
GetRichEducation.com/496
Inquire about business with Rick:
CJPatrick.com
Rick Sharga on X:
@ricksharga
LinkedIn:
Rick Sharga
For access to properties or free help with a
GRE Investment Coach, start here:
GREmarketplace.com
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Invest with Freedom Family Investments. 
You get paid first: Text FAMILY to 66866
Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” 
Top Properties & Providers:
GREmarketplace.com
GRE Free Investment Coaching:
GREmarketplace.com/Coach
Best Financial Education:
GetRichEducation.com
Get our wealth-building newsletter free—
text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
 
Complete episode transcript:
 
Keith Weinhold (00:00:00) - Welcome to GRE. I'm your host, Keith Weinhold. Tons of new apartments were built last year, but that's abruptly going to change going forward. You'll learn why. Then a housing market intelligence analyst and I break down what's happening in the real estate market and the future direction of rents, prices, foreclosures, interest rates, and a lot more today on get Rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are at no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text GRE to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free.
 
Keith Weinhold (00:01:16) - It's called the Don't Quit Your Day Dream letter and it wires your mind for wealth. Make sure you read it. Text GRE to 66866. Text GRE 266866.
 
Corey Coates (00:01:34) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.
 
Keith Weinhold (00:01:50) - Welcome to grow from Alexandria, Egypt, to Alexandria, Virginia, and across 188 nations worldwide. I'm Keith Weinhold, holding your inside get rich education. I'm grateful to have you here. A few weeks ago, I discussed all the apartment buildings that were constructed last year. One thing t

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Our core formula here at GRE is simple, buy-and-hold real estate. Then where does your profit come from? I explain.
Where will your next tenant come from? Essentially, market intelligence analyst Rick Sharga & I answer this today.
We explore job growth, wage growth, and the condition of today’s consumer / tenant. 
Rick Sharga doesn’t believe that mortgage rates will fall substantially until the Fed Funds Rate does. This isn’t likely to happen until at least June.
Consumers are exhibiting some distress signals. Credit card debt has swelled. We break it down.
Many economic indicators still show that they’ll still be an economic slowdown. 
In most recessions, home sales and home prices both rise.
Resources mentioned:
Show Page:
GetRichEducation.com/495
Inquire about business with Rick:
CJPatrick.com
Rick Sharga on X:
@ricksharga
LinkedIn:
Rick Sharga
For access to properties or free help with a
GRE Investment Coach, start here:
GREmarketplace.com
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Invest with Freedom Family Investments. 
You get paid first: Text FAMILY to 66866
Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” 
Top Properties & Providers:
GREmarketplace.com
GRE Free Investment Coaching:
GREmarketplace.com/Coach
Best Financial Education:
GetRichEducation.com
Get our wealth-building newsletter free—
text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
 
Complete episode transcript:
 
Keith Weinhold (00:00:00) - Welcome to gray. I'm your host, Keith Weinhold. We aren't fooling around on April Fool's Day. How can you be assured of having rent paying tenants in the future? That's dictated by the economy, job growth and real wage growth above inflation. Well, how exactly does all that relate to the housing market? We break it down today with an expert guest on Get Rich Education. When you want the best real estate and finance info, the modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text GRE to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free.
 
Keith Weinhold (00:01:16) - It's called the Don't Quit Your Daydream letter and it wires your mind for wealth. Make sure you read it. Text GRE to 66866. Text GRE to 66866.
 
Corey Coates (00:01:33) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.
 
Keith Weinhold (00:01:49) - What category? You're listening to one of America's longest running in most listened to shows on real estate investing, the Voice of Real Estate since 2014. This is get rich education. I'm your host. My name is Keith Weinhold, and you probably know that by now. But what we never truly know is the direction of the economy and how it shapes the housing market. Well, an expert and I are putting our heads together for you today to give you the best indication that we possibly can. I'll be with us shortly. And he is coming, armed with all of his best indicators and statistics. Last week here on the show, I got somewhat philosophical with you at times when I posited the question, do you want to retire? And I helped answer the question, wha

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Time, health, and money are three key resources in your life. Learn about their trade-offs.
“It’s not at what age I want to retire, it’s at what income.” -George Foreman
I discuss at least three definitions of retirement:
1-The time of life when one permanently chooses to leave the workforce.
2-To remove from service.
3-When you become job-optional.
4-When you stop doing mandatory income-producing activities.
Social security, pensions, 401(k)s, and residual income from real estate and stocks are all discussed.
Compound interest is faulty. Compound leverage can help you retire young.
“After the first $2M-$3M, a paid off home, and a good car, there is no difference in the quality of life between you and Jeff Bezos.” We discuss. 
I briefly cover the antitrust case against the NAR, making the 5-6% commission paid by the seller largely a thing of the past.
Rents are up 2% annually, the biggest gain in thirteen months, per Redfin.
Learn 15 reasons why single-family rentals beat apartments. 
I discuss two specific addresses—one in Memphis and one in Little Rock. Our Investment Coaches help you free with these and other income properties and your strategy at GREmarketplace.com.  
Resources mentioned:
Show Page:
GetRichEducation.com/494
For access to properties or free help with a
GRE Investment Coach, start here:
GREmarketplace.com
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Invest with Freedom Family Investments. 
You get paid first: Text FAMILY to 66866
Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” 
Top Properties & Providers:
GREmarketplace.com
GRE Free Investment Coaching:
GREmarketplace.com/Coach
Best Financial Education:
GetRichEducation.com
Get our wealth-building newsletter free—
text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
 
Complete episode transcript:
 
Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Do you want to retire? What is the definition of retirement today, anyway? In fact, with just 2 or $3 million, would you be as happy as the world's richest man, Jeff Bezos? I'll break that down. Then I discuss key trends in the rental housing market today on get Rich education. When you want the best real estate and finance info, the modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text GRE to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free.
 
Keith Weinhold (00:01:16) - It's called the Don't Quit Your Daydream letter and it wires your mind for wealth. Make sure you read it. Text gray to 66866. Text gray 266866.
 
Corey Coates (00:01:33) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.
 
Keith Weinhold (00:01:49) - We're going to go from Andover, England, to Andover, Massachusetts, and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to Get Rich education. Around here, we say that financially free beats debt free. And for many, financially free means retirement. Now, you might be far from retirement, but those with the most foresight are those that begin with the end in mind. An

Get our free real estate course and newsletter: GRE Letter
I state the reasons why I DON’T believe that the Federal Open Market Committee should lower interest rates. Rates are currently normalized.
Watch the full Spartan Summit Presentation here. The first half is played on this episode.
President Biden is trying to help the housing market’s poor affordability and undersupply.
Fed Chair Jerome Powell made recent remarks on the real estate market. He emphasized the lack of supply.
High rates = strong economy
Low rates = weak economy
Lowering interest rates to zero is artificial and introduces distortions in an economy.
If we have a recession, we need “rate cut ammo” in order to make cuts at that time.
Lowering rates also sets up an inflationary environment. That’s bad for society, but leveraged income property investors benefit.
A “Fed pivot” means that the FOMC changes from raising rates to lowering rates, or vice versa.
Resources mentioned:
Show Page:
GetRichEducation.com/493
Full Spartan Summit presentation video:
On YouTube
Freddie Mac mortgage survey:
https://www.freddiemac.com/pmms
Mortgage News Daily mobile app
For access to properties or free help with a
GRE Investment Coach, start here:
GREmarketplace.com
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Invest with Freedom Family Investments. 
You get paid first: Text FAMILY to 66866
Will you please leave a review for the show? I’d be grateful. Search “how to leave an Apple Podcasts review” 
Top Properties & Providers:
GREmarketplace.com
GRE Free Investment Coaching:
GREmarketplace.com/Coach
Best Financial Education:
GetRichEducation.com
Get our wealth-building newsletter free—
text ‘GRE’ to 66866
Our YouTube Channel:
www.youtube.com/c/GetRichEducation
Follow us on Instagram:
@getricheducation
Keith’s personal Instagram:
@keithweinhold
 
Complete episode transcript:
 
Keith Weinhold (00:00:01) - Welcome to Greece. I'm your host, Keith Whitfield. President Biden tries to help the housing market. Everyone wants to know when interest rates will be cut. I'm asking, why would we cut rates anytime soon? Yes. Some fed talk today and a lot more on get rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text gray to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free. It's called the Don't Quit Your Daydream letter and it wires your mind for wealth.
 
Keith Weinhold (00:01:15) - Make sure you read it. Text gray to 66866. Text gray 266866.
 
Corey Coates (00:01:27) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.
 
Keith Weinhold (00:01:43) - Welcome, Jerry from Bowmanville, Pennsylvania, to Louisville, Kentucky, and across 188 nations worldwide. And Keith Wayne Holden, I'm grateful to have you here with me for another week. This is get rich education. I'm about to discuss the case for not lowering interest rates, and you'll hear a clip of Jerome Powell commenting on the real estate market shortly. But first, President Biden recently made a state of the Union address, and he unveiled his plan to help the Undersupplied housing market. Part of the plan was to help the buyer side the demand side with incentives, which I'm not sure that we need the support

Get our free real estate course and newsletter: GRE Letter
Learn why inflation helps dishonest people and harms honest ones. I use an example of a honeymaker.
Both new-build SFRs and apartment units are being shrinkflated.
Landlords skimpflate by: delayed maintenance, transferring the electric bill to the tenant, adding a surcharge for storage locker use, firing the doorman, charging to park beneath the carport, or not replacing an old fridge.
Instead, raising the rent is the ethical thing to do.
To comfortably afford the typical US home, it took $59K in 2020 and $107K today.
In a sense, you’re both richer and poorer than your grandfather.
Learn why investing through IRAs is a poor strategy.
I compare RE market conditions from when I bought my first property in 2002 with 2024’s conditions.
Timestamps:
Inflation and Immorality (00:01:51)
Explanation of how inflation impacts the economy and the moral dilemma it creates for producers.
Housing Affordability (00:04:26)
Discussion on the impact of inflation on home affordability and the consequences for renters and homeowners.
Rental Affordability and Apartment Shrinkflation (00:05:47)
Insights into the shrinking size of new apartment units and the implications for rental affordability.
Impact on Middle Class and Homeownership (00:08:29)
Analysis of how inflation affects the middle class and the changing dynamics of homeownership.
Affordability by Metro Area (00:11:09)
Breakdown of home affordability in different metro areas and its correlation with real estate cash flow.
Impact of Inflation on Wealth and Society (00:17:11)
Discussion on the implications of inflation on wealth accumulation and its societal effects.
Conventional Finance and IRAs (00:24:45)
Brief mention of conventional investment vehicles like 401(k) and Roth IRA in relation to real estate investing.
Conventional Wisdom (00:26:36)
Challenges conventional financial wisdom, emphasizing real estate investment over traditional saving and budgeting.
Roth IRA vs. Traditional IRA (00:27:45)
Discusses the limitations and drawbacks of Roth IRAs and traditional IRAs in relation to increasing income and real estate investment.
Market Timing (00:28:59)
Emphasizes the importance of having a sound investment strategy and taking advantage of market conditions, using personal experience as an example.
Real Estate Market Comparison (00:30:14)
Compares the real estate market conditions in 2002 to those in the mid-2020s, highlighting changes in pros, neutrals, and cons.
Investment Uncertainty (00:32:53)
Addresses the uncertainty of investment and the need to adapt to shifting market conditions, emphasizing the importance of taking what the market offers.
Property Highlights (00:34:13)
Details three available investment properties in different locations, providing information on purchase price, rent, and potential cash flow.
Long-Term Investment Strategy (00:36:55)
Advises on the ideal holding period for rental properties and the benefits of new build properties in the current market cycle.
New Build vs. Resale Properties (00:38:02)
Discusses the advantages of new build properties and the potential impact of declining home price premiums on resale properties.
Investment Coach Contact (00:39:12)
Encourages listeners to contact investment coaches for assistance in exploring potential income properties.
Disclaimer (00:39:42)
Provides a disclaimer regarding the information presented in the podcast and advises consulting professionals for personalized advice.
Resources mentioned:
Show Page:
GetRichEducation.com/491
For access to properties or free help with a
GRE Investment Coach, start here:
GREmarketplace.com
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE 
or e-mail: info@RidgeLendingGroup.com
Invest with Freedom Family Investments. 
You get paid first: Text FAMILY to 66866
Will you please leave a review for the show? I’d be grateful.